Stockholders' Equity (Tables)
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12 Months Ended |
Apr. 30, 2019 |
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| Schedule of Warrants Activity |
A summary of the Companys warrant activity during the year ended April 30, 2019 is presented below:
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Number of
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Exercise
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Contractual
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Intrinsic
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Warrants
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Shares
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Price
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Term
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Value
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Balance Outstanding, April 30, 2018
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651,286
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$
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3.80
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2.4
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$
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2,581,450
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Granted
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342,049
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5.80
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4.78
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Exercised
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(262,183
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Surrendered
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Expired
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Balance Outstanding, April 30, 2019
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731,152
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$
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5.28
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3.29
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$
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413,296
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Exercisable, April 30, 2019
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681,152
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$
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5.31
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3.17
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$
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413,296 |
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| Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member] |
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| Schedule of Options and Warrants by Exercise Price Range |
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ALL OPTIONS
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EXERCISABLE OPTIONS
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Weighted
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Weighted
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Weighted
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Average
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Outstanding
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Average
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Average
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Exercisable
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Exercise
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Exercise
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No. of
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Exercise
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Remaining Life
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No. of
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Price
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Price
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Options
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Price
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In Years
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Options
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$1.57 to $2.10
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$1.96
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919,390
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$1.96
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2.06
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919,390
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$2.28 to $2.76
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$2.32
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471,081
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$2.32
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1.43
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471,081
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$3.24 to $4.38
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$4.20
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333,224
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$3.86
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2.39
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261,834
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$4.50 to $5.20
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$4.96
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718,292
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$4.90
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3.04
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336,833
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$5.95 to $6.28
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$6.07
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80,417
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$6.13
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3.18
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36,806
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$7.17 to $7.55
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$7.39
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662,417
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$7.51
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4.17
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144,139
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$8.57 to $9.07
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$8.97
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224,333
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$8.97
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3.69
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74,778
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Options only
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3,409,154
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2,244,861 |
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| Schedule of Assumptions Used In Valuing Stock Options |
The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the period ended.
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April 30,
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2019
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2018
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Expected life (years)
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3.5
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4-5
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Expected volatility
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50.1
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%
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40% - 43
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%
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Risk-free interest rate
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2.63
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%
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0.38
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%
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Dividend yield
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0.00
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%
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0.00
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%
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Expected forfeiture rate
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n/a
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n/a |
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| Schedule of Stock Option Activity |
A summary of the Companys stock option activity for employees and directors during the year ended April 30, 2019, is presented below:
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Number of
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Exercise
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Contractual
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Intrinsic
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Options
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Shares
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Price
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Term
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Value
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Balance Outstanding, April 30, 2018
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2,980,010
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$
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3.62
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3.15
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$
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16,558,373
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Granted
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1,006,542
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6.88
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Exercised
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(251,186
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2.30
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Forfeited
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(326,212
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6.47
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Expired
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Balance Outstanding, April 30, 2019
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3,409,154
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$
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4.44
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2.90
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$
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6,880,644
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Exercisable, April 30, 2019
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2,244,861
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$
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3.35
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2.31
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$
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6,868,206
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| Warrant [Member] |
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| Schedule of Options and Warrants by Exercise Price Range |
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ALL WARRANTS
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EXERCISABLE WARRANTS
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Weighted
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Weighted
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Weighted
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Average
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Outstanding
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Average
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Average
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Exercisable
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Exercise
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Exercise
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No. of
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Exercise
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Remaining Life
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No. of
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Price
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Price
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Warrants
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Price
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In Years
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Warrants
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$2.28
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$2.28
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164,929
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$2.28
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0.29
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164,929
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$4.89
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$4.89
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50,000
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$4.89
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4.95
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$5.85 to $6.00
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$5.95
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292,049
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$5.85 to $6.00
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4.75
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292,049
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$6.87
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$6.87
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224,174
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$6.87
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3.24
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224,174
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731,152
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681,152 |
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