Stockholders' Equity (Tables)
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9 Months Ended |
Jan. 31, 2022 |
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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 nine months ended January 31, 2022 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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514,142 |
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|
5.62 |
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| Forfeits |
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(36,353) |
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|
9.67 |
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| Vested |
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(75,124) |
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(1) |
4.54 |
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| Expired |
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— |
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— |
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| Unvested balance outstanding, January 31, 2022 |
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952,637 |
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$ |
4.84 |
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________________________________ (1) Includes 1,416 RSUs that will be issued in the fourth quarter of fiscal year 2022.
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| Summary of Warrant Activity |
A summary of the Company’s warrant activity during the nine months ended January 31, 2022 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 |
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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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75,000 |
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$ |
6.23 |
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4.55 |
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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, January 31, 2022 |
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449,174 |
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$ |
6.35 |
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1.71 |
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$ |
— |
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| Exercisable, January 31, 2022 |
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424,174 |
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$ |
6.31 |
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1.55 |
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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 |
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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 |
|
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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2.19 |
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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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4.58 |
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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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2.09 |
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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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0.48 |
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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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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 |
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Exercisable
Number of
Options |
$3.24 to $4.38 |
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$ |
4.14 |
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115,890 |
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$ |
4.15 |
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0.94 |
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103,389 |
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$4.50 to $5.20 |
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$ |
4.99 |
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153,944 |
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$ |
5.03 |
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1.77 |
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137,394 |
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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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0.55 |
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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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473,092 |
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$ |
7.46 |
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1.57 |
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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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0.93 |
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157,749 |
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928,675 |
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891,624 |
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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, 2022, 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 |
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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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(258,419) |
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|
5.60 |
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— |
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— |
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| Forfeited |
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(4,586) |
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|
4.59 |
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— |
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— |
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| Expired |
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(22,793) |
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|
3.21 |
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— |
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— |
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Balance Outstanding, January 31, 2022 |
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928,675 |
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$ |
6.84 |
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|
1.41 |
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$ |
— |
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Exercisable, January 31, 2022 |
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891,264 |
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$ |
6.92 |
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1.38 |
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$ |
— |
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