Stockholders' Equity (Tables)
|
9 Months Ended |
Jan. 31, 2021 |
|---|
| Schedule of Restricted Stock Unit Activity |
A summary of the Company’s RSU activity which were granted under the 2012 and 2018 Equity Incentive Plans during the nine months ended January 31, 2021 is presented below:
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| Restricted Stock Units |
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Number of Shares |
|
Weighted Average Grant Price |
| Unvested balance outstanding, April 30, 2020 |
|
643,175 |
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|
$ |
5.64 |
|
| Granted |
|
251,521 |
|
|
9.82 |
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| Exercised |
|
— |
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|
— |
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| Forfeits |
|
(19,250) |
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|
8.94 |
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| Vested |
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(206,109) |
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|
12.46 |
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| Expired |
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— |
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|
— |
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| Unvested balance outstanding, January 31, 2021 |
|
669,337 |
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$ |
6.95 |
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| Summary of Warrant Activity |
A summary of the Company’s warrant activity during the nine months ended January 31, 2021 is presented below:
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| Warrants |
|
Number of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2020 |
|
566,223 |
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|
$ |
6.22 |
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|
3.17 |
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$ |
950,100 |
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| Granted |
|
— |
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$ |
— |
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— |
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— |
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| Exercised |
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(192,049) |
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$ |
5.60 |
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— |
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— |
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| Surrendered |
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— |
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$ |
— |
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— |
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— |
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| Expired |
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— |
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$ |
— |
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— |
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— |
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| Balance Outstanding, January 31, 2021 |
|
374,174 |
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$ |
6.37 |
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|
2.14 |
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$ |
1,151,369 |
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| Exercisable, January 31, 2021 |
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374,174 |
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$ |
6.37 |
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|
2.14 |
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$ |
1,151,369 |
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| Warrant |
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| Share-based Payment Arrangement, Option, Exercise Price Range |
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| OUTSTANDING WARRANTS |
|
EXERCISABLE WARRANTS |
Exercise
Price |
|
Weighted
Average
Exercise
Price |
|
Outstanding
No. of
Warrants |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining Life
In Years |
|
Exercisable
No. of
Warrants |
| $ |
4.89 |
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|
$ |
4.89 |
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|
50,000 |
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$ |
4.89 |
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|
3.44 |
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50,000 |
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| $ |
6.00 |
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$ |
6.00 |
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100,000 |
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$ |
6.00 |
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3.09 |
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100,000 |
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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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1.48 |
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224,174 |
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| |
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374,174 |
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374,174 |
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| Stock Incentive Plan and Stock Option Grants to Employees and Directors |
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| Share-based Payment Arrangement, Option, Exercise Price Range |
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| OUTSTANDING OPTIONS |
|
EXERCISABLE OPTIONS |
Exercise
Price |
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Weighted
Average
Exercise
Price |
|
Outstanding
No. of
Options |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining Life
In Years |
|
Exercisable
No. of
Options |
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$1.57 to $2.10 |
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$ |
1.92 |
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29,167 |
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$ |
1.92 |
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|
0.44 |
|
29,167 |
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$2.28 to $2.76 |
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$ |
2.76 |
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11,415 |
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$ |
2.76 |
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|
0.67 |
|
11,415 |
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$3.24 to $4.38 |
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$ |
3.82 |
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188,639 |
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$ |
3.75 |
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|
1.32 |
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146,804 |
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$4.50 to $5.20 |
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$ |
4.94 |
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362,818 |
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$ |
4.95 |
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|
1.82 |
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297,714 |
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$5.95 to $6.28 |
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$ |
6.10 |
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66,000 |
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$ |
6.10 |
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|
1.47 |
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66,000 |
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$7.17 to $7.55 |
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$ |
7.44 |
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444,425 |
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$ |
7.43 |
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2.62 |
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329,175 |
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$8.57 to $9.07 |
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$ |
8.98 |
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157,749 |
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$ |
8.98 |
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1.93 |
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157,749 |
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| Options only |
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1,260,213 |
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1,038,024 |
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| Summary of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the nine months ended January 31, 2021, is presented below:
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| Options |
|
Number of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2020 |
|
2,740,539 |
|
|
$ |
4.62 |
|
|
1.97 |
|
$ |
9,146,198 |
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| Granted |
|
— |
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|
$ |
— |
|
|
— |
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|
— |
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| Exercised |
|
(1,400,832) |
|
|
$ |
10.80 |
|
|
— |
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— |
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| Forfeited |
|
(7,585) |
|
|
$ |
6.23 |
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|
— |
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|
— |
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| Expired |
|
(71,909) |
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|
$ |
3.98 |
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|
— |
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— |
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Balance Outstanding, January 31, 2021 |
|
1,260,213 |
|
|
$ |
6.13 |
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|
2.08 |
|
$ |
4,184,115 |
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Exercisable, January 31, 2021 |
|
1,038,024 |
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$ |
6.14 |
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|
1.94 |
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$ |
3,432,509 |
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