Stockholders' Equity (Tables)
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3 Months Ended |
Jul. 31, 2021 |
Stockholders' Equity Note [Abstract] |
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Schedule of Restricted Stock Unit Activity |
A summary of the Company’s RSU activity during the three months ended July 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, 2021 |
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549,972 |
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$ |
6.58 |
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Granted |
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127,542 |
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|
6.97 |
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Forfeits |
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(7,920) |
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9.37 |
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Vested |
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(15,657) |
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6.26 |
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Expired |
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— |
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— |
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Unvested balance outstanding, July 31, 2021 |
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653,937 |
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$ |
6.07 |
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Summary of Warrant Activity |
A summary of the Company’s warrant activity during the three months ended July 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, 2021 |
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374,174 |
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$ |
6.37 |
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1.90 |
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$ |
— |
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Granted |
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25,000 |
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$ |
6.99 |
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|
4.98 |
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— |
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Exercised |
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— |
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$ |
— |
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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, July 31, 2021 |
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399,174 |
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$ |
6.41 |
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1.85 |
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$ |
144,000 |
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Exercisable, July 31, 2021 |
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374,174 |
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$ |
6.37 |
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1.54 |
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$ |
144,000 |
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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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$ |
6.99 |
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$ |
6.99 |
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25,000 |
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$ |
— |
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0.00 |
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— |
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399,174 |
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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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0.17 |
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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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183,249 |
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$ |
3.80 |
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1.03 |
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168,914 |
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$4.50 to $5.20 |
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$ |
4.94 |
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354,778 |
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$ |
4.93 |
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1.39 |
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310,885 |
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$5.95 to $6.28 |
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$ |
5.95 |
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28,000 |
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$ |
5.95 |
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1.06 |
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28,000 |
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$7.17 to $7.55 |
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$ |
7.45 |
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473,425 |
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$ |
7.46 |
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2.07 |
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465,425 |
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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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1.44 |
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157,749 |
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1,207,624 |
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1,141,396 |
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Summary of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the three months ended July 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, 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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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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(5,097) |
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6.16 |
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— |
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— |
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Forfeited |
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(1,752) |
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4.68 |
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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, July 31, 2021 |
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1,207,624 |
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$ |
6.29 |
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1.65 |
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$ |
1,150,849 |
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Exercisable, July 31, 2021 |
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1,141,396 |
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$ |
6.36 |
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1.60 |
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$ |
1,044,364 |
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