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Income Taxes (Tables) | 12 Months Ended
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Jul. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of components of loss before income taxes |
|  | For the Years Ended July 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Domestic |  | $ | (137,978 | ) |  | $ | (22,546 | )
Foreign |  |  | (1,994 | ) |  |  | (880 | )
Loss before income taxes |  | $ | (139,972 | ) |  | $ | (23,426 | )
Schedule of consolidated statements of operations and comprehensive loss |
|  | For the Year Ended July 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Current: |  |  |  |  |  |
Foreign |  | $ | — |  |  | $ | (19 | )
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | 1 |
Total current expense |  |  | — |  |  |  | (18 | )
Deferred: |  |  |  |  |  |  |  |
Foreign |  |  | — |  |  |  | — |
Federal |  |  | — |  |  |  | — |
State |  |  | — |  |  |  | — |
Total deferred expense |  |  | — |  |  |  | — |
Provision for income taxes |  | $ | — |  |  | $ | (18 | )
Schedule of U.S. federal statutory income tax rate |
|  | At July 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
U.S. federal income tax at statutory rate |  | $ | 29,514 |  |  | $ | 4,952 |
State income tax |  |  | 8,752 |  |  |  | 1,571 |
Valuation allowance |  |  | (35,001 | ) |  |  | (6,560 | )
Foreign tax rate differential |  |  | 459 |  |  |  | 203 |
Tax law change |  |  | — |  |  |  | — |
Permanent differences |  |  | (3,632 | ) |  |  | — |
Rate change |  |  | — |  |  |  | — |
Other |  |  | (92 | ) |  |  | (184 | )
Provision for income taxes |  | $ | — |  |  | $ | (18 | )
Schedule of deferred tax assets and liabilities |
|  | At July 31, |
|  | 2022 |  |  | 2021 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 15,170 |  |  | $ | 12,495 |
Unrealized gain/loss |  |  | 31,850 |  |  |  | 968 |
Depreciation |  |  | 1 |  |  |  | — |
Reserves and accruals |  |  | 236 |  |  |  | — |
Stock-based compensation |  |  | 1,839 |  |  |  | 2,096 |
Gross deferred tax assets |  |  | 49,096 |  |  |  | 15,559 |
Less valuation allowance |  |  | (49,096 | ) |  |  | (15,559 | )
Total deferred tax assets |  |  | — |  |  |  | — |
Total deferred tax liabilities |  |  | — |  |  |  | — |
Deferred tax assets, net |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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