Stockholders' Equity (Tables)
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12 Months Ended |
Apr. 30, 2021 |
Stockholders' Equity Note [Abstract] |
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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:
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Restricted Stock Units |
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Number of Shares |
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Weighted Average Grant Price |
Unvested balance outstanding, April 30, 2020 |
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643,175 |
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$ |
5.64 |
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Granted |
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275,521 |
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9.87 |
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Exercised |
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— |
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— |
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Forfeits |
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(73,167) |
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9.09 |
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Vested |
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(295,557) |
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10.97 |
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Expired |
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— |
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— |
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Unvested balance outstanding, April 30, 2021 |
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549,972 |
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$ |
6.58 |
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Schedule of Warrants |
A summary of the Company’s warrant activity during the year ended April 30, 2021 is presented below:
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Warrants |
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Number of Shares |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term |
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Aggregate Intrinsic Value |
Balance Outstanding, April 30, 2020 |
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566,223 |
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$ |
6.22 |
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3.17 |
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$950,100 |
Granted |
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— |
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— |
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— |
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— |
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Exercised |
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(192,049) |
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5.63 |
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— |
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— |
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Surrendered |
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— |
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— |
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— |
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— |
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Expired |
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— |
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— |
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— |
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— |
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Balance Outstanding, April 30, 2021 |
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374,174 |
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$ |
6.37 |
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1.9 |
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$ |
— |
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Exercisable, April 30, 2021 |
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374,174 |
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$ |
6.37 |
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1.9 |
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$ |
— |
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Schedule of Exercise Price Range |
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OUTSTANDING WARRANTS |
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EXERCISABLE WARRANTS |
Exercise Price |
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Weighted Average Exercise Price |
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Outstanding Number of Warrants |
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Weighted Average Exercise Price |
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Weighted Average Remaining Life In Years |
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Exercisable Number 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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374,174 |
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374,174 |
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OUTSTANDING OPTIONS |
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EXERCISABLE OPTIONS |
Exercise Price |
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Weighted Average Exercise Price |
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Outstanding Number of Options |
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Weighted Average Exercise Price |
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Weighted Average Remaining Life In Years |
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Exercisable Number of Options |
$2.28 to $2.76 |
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$2.76 |
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10,423 |
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$2.76 |
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0.42 |
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10,423 |
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$3.24 to $4.38 |
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$3.82 |
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184,222 |
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$3.75 |
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1.07 |
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144,387 |
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$4.50 to $5.20 |
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$4.94 |
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360,654 |
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$4.93 |
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1.66 |
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316,427 |
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$5.95 to $6.28 |
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$6.10 |
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58,000 |
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$6.12 |
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1.21 |
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58,000 |
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$7.17 to $7.55 |
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$7.44 |
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443,425 |
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$7.42 |
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2.36 |
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345,425 |
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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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$8.98 |
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1.69 |
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157,749 |
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1,214,473 |
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1,032,411 |
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Schedule of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the year ended April 30, 2021, is presented below:
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Options |
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Number of Shares |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term |
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Aggregate Intrinsic Value |
Balance Outstanding, April 30, 2020 |
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2,740,539 |
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$ |
4.62 |
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1.97 |
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$ |
9,146,198 |
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Granted |
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— |
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— |
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— |
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— |
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Exercised |
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(1,442,241) |
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10.71 |
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— |
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— |
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Forfeited |
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(11,916) |
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5.56 |
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— |
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— |
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Expired |
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(71,909) |
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3.98 |
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— |
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— |
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Balance Outstanding, April 30, 2021 |
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1,214,473 |
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$ |
6.24 |
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1.88 |
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$ |
204,719 |
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Exercisable, April 30, 2021 |
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1,032,411 |
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$ |
6.26 |
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1.78 |
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$ |
173,852 |
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