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v3.25.3

Cornerstone Restructuring, Cornerstone Acquisition, and Rp Finance Consolidation (Tables) | 12 Months Ended
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Jul. 31, 2025
Cornerstone Restructuring, Cornerstone Acquisition, and Rp Finance Consolidation [Abstract] |
Schedule of Fair Value Measurements and Disclosures | The following table presents, in accordance with ASC 810, the sum of (i) the fair value of consideration paid, (ii) the fair value of noncontrolling interests, and (iii) the reported amount of previously held interests (amounts in thousands):
Fair value of consideration paid |  |  |
Fair value of RFL Line of Credit |  | $ | 37,845 |
Fair value of 2023 Promissory Note |  |  | 2,663 |
Cash consideration |  |  | 1,500 |
(i) Total fair value of consideration paid |  |  | 42,008 |
(ii) Fair value of noncontrolling interests |  |  | 27,501 |
(iii) Reported value of previously held interests(1) |  |  | — |
Sum of (i), (ii), and (iii) |  | $ | 69,509 |
(1) | Rafael’s interest in the Series D Preferred Stock of Cornerstone, that was converted into Cornerstone Common Stock in the Cornerstone Restructuring, represents a previously held interest in Cornerstone that is included at its reported amount, or $0.
The following table presents, in accordance with ASC 810, the sum of (i) the fair value of consideration paid, (ii) the fair value of noncontrolling interests, and (iii) the reported amount of previously held interests (amounts in thousands):
(i) Fair value of consideration paid |  | $ | — |
(ii) Fair value of noncontrolling interests |  |  | 12,667 |
(iii) Reported value of previously held interests(1) |  |  | — |
Sum of (i), (ii), and (iii) |  | $ | 12,667 |
(1) | Rafael ownership of 37.5% of the equity interests in RP Finance, accounted for as an equity method investment prior to the RP Finance Consolidation, represents a previously held interest in Cornerstone that is included at its reported amount, or $0.
Schedule of Assets and Liabilities Recognized | The following table presents, in accordance with ASC 810, the net amount of the VIE’s identifiable assets and liabilities recognized and measured in accordance with ASC 805 (amounts in thousands):
Assets acquired and liabilities assumed |  |  |
Cash and cash equivalents |  | $ | 2,756 |
Prepaid expenses and other current assets |  |  | 121 |
Property and equipment |  |  | 19 |
Other assets |  |  | 48 |
Acquired IPR&D |  |  | 89,861 |
Accounts payable |  |  | (2,006 | )
Accrued expenses |  |  | (1,188 | )
Series C Convertible Notes, short-term portion |  |  | (614 | )
Due to related parties |  |  | (1,289 | )
Other current liabilities |  |  | (28 | )
Series C Convertible Notes, long-term portion |  |  | (70 | )
Creditor payable, noncurrent |  |  | (2,745 | )
Amended RPF Line of Credit |  |  | (15,336 | )
Other liabilities |  |  | (20 | )
Total |  | $ | 69,509 |
The following table presents, in accordance with ASC 810, the net amount of the VIE’s identifiable assets and liabilities recognized and measured in accordance with ASC 805 (amounts in thousands):
Assets acquired and liabilities assumed |  |  |
Investments - Cornerstone common stock |  | $ | 4,931 |
Due from Cornerstone - Amended RPF Line of Credit |  |  | 15,336 |
Total |  | $ | 20,267 |

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