Stockholders' Equity (Tables)
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6 Months Ended |
Oct. 31, 2021 |
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| Stockholders' Equity Note [Abstract] |
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| Schedule of Restricted Stock Unit Activity |
A summary of the Company’s RSU activity during the six months ended October 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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412,792 |
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|
6.16 |
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| Forfeits |
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(28,841) |
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|
9.80 |
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| Vested |
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(34,820) |
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|
6.15 |
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| Expired |
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— |
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— |
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| Unvested balance outstanding, October 31, 2021 |
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899,103 |
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$ |
5.38 |
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| Summary of Warrant Activity |
A summary of the Company’s warrant activity during the six months ended October 31, 2021 is presented below:
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| Warrants |
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Number of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2021 |
|
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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75,000 |
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$ |
6.23 |
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|
4.80 |
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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, October 31, 2021 |
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449,174 |
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$ |
6.35 |
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1.96 |
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$ |
— |
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| Exercisable, October 31, 2021 |
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424,174 |
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$ |
6.31 |
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1.80 |
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$ |
— |
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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 |
|
Outstanding
No. of
Warrants |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining Life
In Years |
|
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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2.44 |
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50,000 |
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| $ |
5.85 |
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$ |
5.85 |
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50,000 |
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$ |
5.85 |
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4.84 |
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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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2.35 |
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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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0.73 |
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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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449,174 |
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424,174 |
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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 |
|
Exercisable
Number of
Options |
$3.24 to $4.38 |
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$ |
3.82 |
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179,264 |
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$ |
3.81 |
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0.78 |
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166,597 |
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$4.50 to $5.20 |
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$ |
4.94 |
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153,944 |
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$ |
5.00 |
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1.99 |
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111,019 |
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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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0.81 |
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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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473,093 |
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$ |
7.46 |
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1.82 |
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465,092 |
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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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1.18 |
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157,749 |
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992,050 |
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928,457 |
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| Summary of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the six months ended October 31, 2021, is presented below:
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| Options |
|
Number of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2021 |
|
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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(216,752) |
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|
5.77 |
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— |
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— |
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| Forfeited |
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(4,419) |
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|
4.61 |
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— |
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— |
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| Expired |
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(1,252) |
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|
2.76 |
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— |
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— |
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Balance Outstanding, October 31, 2021 |
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992,050 |
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$ |
6.61 |
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|
1.56 |
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$ |
172,313 |
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Exercisable, October 31, 2021 |
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928,457 |
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$ |
6.72 |
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1.51 |
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$ |
161,584 |
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