|12 Months Ended|
Apr. 30, 2019
|Subsequent Events [Abstract]|
Note 18. Subsequent Events
The Company held a special meeting of shareholders (the Special Meeting) of the Company on June 28, 2019. At the Special Meeting, the Companys shareholders approved a proposal to reduce the number of authorized shares of common stock from 250,000,000 to 40,000,000 shares, and the number of authorized shares of preferred stock from 10,000,000 to 1,000,000 shares (the Authorized Share Reduction), and a corresponding Amendment to the Companys Certificate of Incorporation, as amended, to effect the Authorized Share Reduction.
On June 28, 2019, the Company then amended its Certificate of Incorporation by reducing its authorized common stock to 40,000,000 and preferred stock to 1,000,000 shares.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef