Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.21.2
Stockholders' Equity (Tables)
12 Months Ended
Apr. 30, 2021
Stockholders' Equity Note [Abstract]  
Schedule of Restricted Stock Unit Activity
A summary of the Company’s RSU activity which were granted under the 2021 and 2018 Equity Incentive Plans during the year ended April 30, 2021 is presented below:

Restricted Stock Units Number of Shares Weighted Average Grant Price
Unvested balance outstanding, April 30, 2020 643,175  $ 5.64 
Granted 275,521  9.87 
Exercised —  — 
Forfeits (73,167) 9.09 
Vested (295,557) 10.97 
Expired —  — 
Unvested balance outstanding, April 30, 2021 549,972  $ 6.58 
Schedule of Warrants
A summary of the Company’s warrant activity during the year ended April 30, 2021 is presented below:
Warrants Number of Shares Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2020 566,223  $ 6.22  3.17 $950,100
Granted —  —  —  — 
Exercised (192,049) 5.63  —  — 
Surrendered —  —  —  — 
Expired —  —  —  — 
Balance Outstanding, April 30, 2021 374,174  $ 6.37  1.9 $ — 
Exercisable, April 30, 2021 374,174  $ 6.37  1.9 $ — 
Schedule of Exercise Price Range
OUTSTANDING WARRANTS EXERCISABLE WARRANTS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
Number of
Warrants
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
Number of
Warrants
$4.89 $ 4.89  50,000  $4.89 3.44 50,000 
$6.00 $ 6.00  100,000  $6.00 3.09 100,000 
$6.87 $ 6.87  224,174  $6.87 1.48 224,174 
374,174  374,174 
OUTSTANDING OPTIONS EXERCISABLE OPTIONS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
Number of
Options
$2.28 to $2.76
$2.76  10,423  $2.76  0.42 10,423 
$3.24 to $4.38
$3.82  184,222  $3.75  1.07 144,387 
$4.50 to $5.20
$4.94  360,654  $4.93  1.66 316,427 
$5.95 to $6.28
$6.10  58,000  $6.12  1.21 58,000 
$7.17 to $7.55
$7.44  443,425  $7.42  2.36 345,425 
$8.57 to $9.07
$8.98  157,749  $8.98  1.69 157,749 
1,214,473  1,032,411 
Schedule of Stock Option Activity
A summary of the Company’s stock option activity for employees and directors during the year ended April 30, 2021, is presented below:
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 
Granted —  —  —  — 
Exercised (1,442,241) 10.71  —  — 
Forfeited (11,916) 5.56  —  — 
Expired (71,909) 3.98  —  — 
Balance Outstanding, April 30, 2021 1,214,473  $ 6.24  1.88 $ 204,719 
Exercisable, April 30, 2021 1,032,411  $ 6.26  1.78 $ 173,852