Stockholders' Equity (Tables)
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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 |
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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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251,521 |
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9.82 |
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Exercised |
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— |
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— |
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Forfeits |
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(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 |
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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 |
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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 |
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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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(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 |
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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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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 |
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EXERCISABLE WARRANTS |
Exercise Price |
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Weighted Average Exercise Price |
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Outstanding No. 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 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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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 |
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EXERCISABLE OPTIONS |
Exercise Price |
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Weighted Average Exercise Price |
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Outstanding No. 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 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 |
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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 |
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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 |
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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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Exercised |
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(1,400,832) |
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$ |
10.80 |
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— |
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— |
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Forfeited |
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(7,585) |
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$ |
6.23 |
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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, January 31, 2021 |
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1,260,213 |
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$ |
6.13 |
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2.08 |
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$ |
4,184,115 |
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Exercisable, January 31, 2021 |
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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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