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INCOME TAXES
3 Months Ended
Oct. 31, 2020
Income Tax Disclosure [Abstract]  
INCOME TAXES

13. INCOME TAXES

 

During the three months ended October 31, 2020, the Company did not provide any provision for income taxes, as the Company incurred losses during such period. Deferred tax assets and liabilities reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company recorded a full valuation allowance against its deferred tax assets as the Company believes it is more likely than not that the deferred tax assets will not be realized.