Consolidated Statements of Cash Flows - USD ($)
|
12 Months Ended |
Jul. 31, 2017 |
Jul. 31, 2016 |
| Operating activities |
|
|
| Net loss |
$ (6,263,000)
|
$ (14,371,000)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Share-based compensation |
1,070,000
|
1,902,000
|
| Amortization of stock issued for services |
144,000
|
225,000
|
| Fair value of derivative liabilities in excess of proceeds |
|
1,867,000
|
| Impairment of patents |
|
48,000
|
| Depreciation and amortization |
276,000
|
219,000
|
| Inventory write-off |
50,000
|
|
| Change in fair value of derivative liabilities |
277,000
|
5,481,000
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(34,000)
|
(74,000)
|
| Inventories |
27,000
|
(143,000)
|
| Prepaid expenses |
(58,000)
|
(8,000)
|
| Accounts payable and accrued liabilities |
(59,000)
|
(131,000)
|
| Deferred rent |
8,000
|
(6,000)
|
| Net cash used in operating activities |
(4,562,000)
|
(4,991,000)
|
| Investing activities |
|
|
| Investment in patents |
(20,000)
|
(15,000)
|
| Purchases of property, plant and equipment |
(206,000)
|
(390,000)
|
| Net cash used in investing activities |
(226,000)
|
(405,000)
|
| Financing activities |
|
|
| Net proceeds from the sale of common stock |
1,049,000
|
8,000,000
|
| Net proceeds from the exercise of warrants |
185,000
|
1,269,000
|
| Net cash provided by financing activities |
1,234,000
|
9,269,000
|
| Net decrease and increase in cash and cash equivalents |
(3,554,000)
|
3,873,000
|
| Cash and cash equivalents at beginning of year |
5,194,000
|
1,321,000
|
| Cash and cash equivalents at end of year |
1,640,000
|
5,194,000
|
| Supplemental disclosure of cash flow information |
|
|
| Cash paid for taxes |
7,000
|
2,000
|
| Noncash Investing and Financing activities |
|
|
| Warrant liability removed due to settlements |
226,000
|
13,550,000
|
| Restricted stock unit cancelation |
38,000
|
|
| Fair value of warrant liability at issuance |
|
9,867,000
|
| Common stock issued for prepaid services |
|
$ 290,000
|