Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.22.2
Stockholders' Equity (Tables)
12 Months Ended
Apr. 30, 2022
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, 2022 is presented below:
Restricted Stock Units Number of Shares Weighted Average Grant Date Fair Value
Unvested balance outstanding, April 30, 2021 549,972  $ 6.58 
Granted 520,142  5.58 
Forfeits (54,610) 8.49 
Vested (85,576) 4.27 
Expired —  — 
Unvested balance outstanding, April 30, 2022 929,928  $ 6.12 
Summary of Warrant Activity A summary of the Company’s warrant activity during the year ended April 30, 2022 is presented below:
Warrants Number of Shares Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2021 374,174  $ 6.37  1.9 — 
Granted 275,000  2.43  4.80 — 
Exercised —  —  —  — 
Surrendered —  —  —  — 
Expired —  —  —  — 
Balance Outstanding, April 30, 2022 649,174  $ 4.70  1.96 $ — 
Exercisable, April 30, 2022 624,174  $ 4.61  2.48 $ — 
Share-based Payment Arrangement, Option, 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
$1.00 $ 1.00  200,000  $1.00 4.99 200,000 
$4.89 $ 4.89  50,000  $4.89 1.95 50,000 
$5.85 $ 5.85  50,000  $5.85 4.34 50,000 
$6.00 $ 6.00  100,000  $6.00 1.85 100,000 
$6.87 $ 6.87  224,174  $6.87 0.24 224,174 
$6.99 $ 6.99  25,000  $0.00 —  — 
649,174  624,174 
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
$3.24 to $4.38
$3.82  63,165  $4.50  1.44 51,998 
$4.50 to $5.20
$4.94  138,176  $4.98  1.74 137,543 
$5.95 to $6.28
$5.95  28,000  $5.95  0.31 28,000 
$7.17 to $7.55
$7.45  473,092  $7.46  1.32 465,095 
$8.57 to $9.07
$8.98  157,749  $8.98  0.69 157,749 
860,182  840,385 
Summary of Stock Option Activity A summary of the Company’s stock option activity for employees and directors during the year ended April 30, 2022, is presented below:
Options Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2021 1,214,473  $ 6.24  1.88 $ 204,719 
Granted —  —  —  — 
Exercised (258,419) 5.60  —  — 
Forfeited (7,297) 2.89  —  — 
Expired (88,575) 0.83  —  — 
Balance Outstanding, April 30, 2022 860,182  $ 7.03  1.25 $ — 
Exercisable, April 30, 2022 840,385  $ 7.08  1.24 $ — 
Schedule of Share-Based Compensation
A summary of the Company’s stock-based compensation expense, which is included in "general and administrative" expense in the consolidated statement of operations is presented below:

Years Ended April 30,
2022 2021
RSUs $ 2,095,533  $ 3,335,250 
Restricted Stock 307,283  62,007 
Stock options 131,849  560,828 
   Total stock-based compensation expense $ 2,534,665  $ 3,958,085