Significant Accounting Policies (Tables)
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9 Months Ended |
Jan. 31, 2023 |
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| Accounting Policies [Abstract] |
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| Schedule of Cash and Cash Equivalents |
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January 31, 2023 |
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April 30, 2022 |
| Cash and cash equivalents |
$ |
1,603,501 |
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|
$ |
6,482,750 |
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| Restricted cash: |
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|
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| Letter of credit for level of Title IV funding at USU |
— |
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|
9,872 |
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| Collateral for corporate credit card at AGI |
250,000 |
|
|
250,000 |
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| Letters of credit for operating leases at AU and USU |
1,173,525 |
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|
1,173,525 |
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| Collateral for surety bond at AU |
3,500,000 |
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|
5,000,000 |
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| Total restricted cash |
4,923,525 |
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|
6,433,397 |
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| Total cash and cash equivalents and restricted cash as shown on the statement of cash flows |
$ |
6,527,026 |
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|
$ |
12,916,147 |
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| Schedule of Restricted Cash |
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January 31, 2023 |
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April 30, 2022 |
| Cash and cash equivalents |
$ |
1,603,501 |
|
|
$ |
6,482,750 |
|
|
|
|
|
| Restricted cash: |
|
|
|
| Letter of credit for level of Title IV funding at USU |
— |
|
|
9,872 |
|
| Collateral for corporate credit card at AGI |
250,000 |
|
|
250,000 |
|
| Letters of credit for operating leases at AU and USU |
1,173,525 |
|
|
1,173,525 |
|
| Collateral for surety bond at AU |
3,500,000 |
|
|
5,000,000 |
|
| Total restricted cash |
4,923,525 |
|
|
6,433,397 |
|
|
|
|
|
| Total cash and cash equivalents and restricted cash as shown on the statement of cash flows |
$ |
6,527,026 |
|
|
$ |
12,916,147 |
|
|
| Summary of Shares Not Included in Computation of Diluted Net Loss Per Share |
Summarized below are shares not included in the computation of diluted net loss per share because the effects would have been anti-dilutive. The options, warrants, RSUs, unvested restricted stock and convertible notes are considered to be common stock equivalents and are only included in the calculation of diluted earnings per share of common stock when their effect is dilutive. See Note 6. Stockholders’ Equity.
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January 31, 2023 |
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April 30, 2022 |
| Options to purchase common shares |
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614,458 |
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|
860,182 |
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| Restricted stock units |
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— |
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— |
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| Warrants to purchase common shares |
|
425,000 |
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|
649,174 |
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| Unvested restricted stock |
|
523,056 |
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|
929,928 |
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| Convertible Notes |
|
10,000,000 |
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|
10,000,000 |
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