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Consolidated Statements of Cash Flows - USD ($)
5 Months Ended 12 Months Ended
Dec. 31, 2017
Jul. 31, 2017
Jul. 31, 2016
Cash flows provided by (used in) operating activities      
Net loss $ 1,379,379 $ 6,580,613 $ (7,814,256)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation and amortization 2,142 5,140 2,389
Issuance of common stock for services 190,427 1,185,479
Stock based compensation from issuance of options 1,779,671 1,277,139 10,310,546
Loss on settlement of liability 13,917 0 0
Stock based compensation from issuance of warrants 0 229,360 0
Note payable issued for services 0 0 165,000
Changes in assets and liabilities:      
Accounts receivable (7,946,676) (3,437,502) (312,498)
Prepaid expenses and other current assets (568,441) (102,483) (29,261)
Accounts payable and accrued expenses 1,145,021 2,071,387 (174,876)
Accrued salaries and wages (987,870) (1,218,065) 552,190
Royalty payable 1,408,012 0 0
Deferred revenue (65,641) (39,854) (4,800,000)
Net cash used in operating activities (3,840,486) 5,556,162 (915,287)
Cash flows used in investing activities      
Purchase of property, plant and equipment 0 0 (7,537)
Net cash provided by financing activities 0 0 (7,537)
Cash flows provided by (used in) financing activities      
Proceeds from warrant exercise 5,292,876 0 0
Deferred financing costs (209,042) 0 0
Proceeds from related parties notes payable 0 0 151,191
Payments to related parties on notes payable 0 0 (281,191)
Repayment of note payable 0 (165,000) 0
Investment received in exchange for royalty agreement 0 0 2,100,000
Net cash provided by financing activities 5,083,834 (165,000) 1,970,000
Net increase in cash and cash equivalents 1,243,348 5,391,162 1,047,176
Cash and cash equivalents, beginning of period 6,872,555 1,481,393 434,217
Cash and cash equivalents, end of period 8,115,903 6,872,555 1,481,393
Supplemental disclosure      
Interest paid during the period 0 4,828 78,865
Taxes paid during the period 619,225 0 0
Non-Cash Financing Transactions      
Cashless exercise of options 146 0 15
Issuance of common stock as settlement of liability 200,000 0 0
Forgiveness of related party of debt 0 761,826 0
Reconciling adjustment to record shares issued in prior year for the conversion of debt into common stock and rounding in relation to 1-for-100 reverse stock split $ 0 $ 6 $ 0