Goodwill and Intangible Assets (Tables)

12 Months Ended

Jul. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following at July 31:

	July 31,			July 31,
	2019			2018
In-Process Research & Development	$	8,761,427		$	2,911,377
Non-compete agreements		1,210,000			—
Developed Software/Technology		131,000			—
Other Intangibles		51,274			327,654
		10,153,701			3,239,031
Less accumulated amortization		(319,432	)		(27,994	)
	$	9,834,269		$	3,211,037

Estimated amortization expense

Estimated amortization expense (in thousands) for the next five years and thereafter is as follows:

Year Ending July 31,	Amount
2020	$	434,117
2021		434,118
2022		164,895
2023		30,787
2024		11,138
Thereafter		7,898
	$	1,082,952

Changes in value of goodwill

Changes in the value of goodwill:

Balance as of July 31, 2018	$	—
Acquisition of Veneto (revaluation)		15,051,768
Acquisition of Regentys (revaluation)		13,834,581
Acquisition of Olaregen (revaluation)		9,411,224
Balance as of July 31, 2019	$	38,297,573