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Cornerstone Restructuring, Cornerstone Acquisition, and Rp Finance Consolidation (Tables)
 12 Months Ended
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