XML 18 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Revenue    
Revenue, net $ 6,203,761 $ 3,244
Licensing income 0 700,000
Total Revenue 6,203,761 703,244
Cost of Goods Sold 4,138,453 0
Gross Profit 2,065,308 703,244
Operating expenses    
Research and development 1,748,882 839,147
Bad debt expense 3,252,439 0
General and administrative 21,292,678 2,359,706
Total operating expenses 26,410,749 3,198,853
Operating loss (24,345,441) (2,495,609)
Other Income (Expense):    
Interest expense (7,087,502) (583,594)
Interest income 47,961 0
Changes in fair value of contingent purchase consideration 18,587,782 39,027,901
Change in fair value of derivative liability 2,125,449 0
Gain on extinguishment of debt (16,000) 0
Impairment of long-lived assets (287,587) 0
Other income, net (31,456) 0
Net (Loss) Income (11,006,794) 35,948,698
Net loss attributable to non-controlling interests (1,665,387) (385,400)
Net Income (Loss) Available to Common Stockholders $ (9,341,407) $ 36,334,098
Basic $ (0.19) $ 34.02
Diluted $ (0.19) $ 14.02
Basic 48,360,127 1,068,101
Diluted 48,360,127 2,591,129
Comprehensive Income :    
Net Income (Loss) $ (9,341,407) $ 36,334,098
Change in foreign currency translation adjustments (1,206) 15,272
Comprehensive Income Available to Common Stockholders $ (9,342,613) $ 36,349,370