Goodwill and Intangible Assets (Tables)

9 Months Ended

Apr. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following at:

	Estimated	April 30,			July 31,
	Useful Lives	2020			2019
In-Process Research & Development		$	8,761,427		$	8,761,427
Non-compete agreements	3 years		1,566,700			1,210,000
Developed software/technology	5 years		172,500			131,000
Vendor agreements and other intangibles			775,674			51,274
			11,276,301			10,153,701
Less accumulated amortization			(781,727	)		(319,432	)
		$	10,494,574		$	9,834,269

Estimated amortization expense

The estimated amortization expense remainder of the current fiscal year and for the next five years and thereafter is as follows:

Year Ending July 31,	Amount
For the period May 1, 2020 to July 31, 2020	$	154,565
2021		616,744
2022		347,399
2023		94,510
2024		75,018
Thereafter		444,911
Total	$	1,733,147

Changes in value of goodwill

Changes in the value of goodwill:

Balance as of July 31, 2019	$	38,297,573
Acquisition of MediSource and Pantheon		603,553
Balance as of April 30, 2020	$	38,901,126