Stockholders' Equity (Tables)
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12 Months Ended |
Apr. 30, 2017 |
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| Schedule of Warrants Activity |
A summary of the Company’s warrant activity during the year ended April 30, 2017 is presented below:
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Number of
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Exercise
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Contractual
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Intrinsic
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Warrants
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Shares
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Price
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Term
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Value
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Balance Outstanding, April 30, 2016
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2,001,356
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$
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2.31
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—
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1,022,078
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Granted
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62,500
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2.40
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—
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78,125
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Exercised
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(8,834
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)
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3.99
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—
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—
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Forfeited
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(1,120,968
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)
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1.86
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—
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—
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Expired
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(21,256
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)
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3.99
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—
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—
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Balance Outstanding, April 30, 2017
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912,798
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$
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2.82
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1.6
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$
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1,100,203
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Exercisable, April 30, 2017
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912,798
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$
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2.82
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1.6
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$
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1,100,203
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| Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member] |
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| Schedule of Assumptions Used In Valuing Stock Options |
The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the year ended April 30, 2017.
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April 30,
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2017
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2016
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Expected life (years)
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4-6.5
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4 - 6.5
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Expected volatility
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40% - 43
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%
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40% - 43
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%
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Weighted-average volatility
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0.38
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%
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40.0
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%
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Risk-free interest rate
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0.00
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%
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0.38
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%
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Dividend yield
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0.00
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%
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0.00
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%
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Expected forfeiture rate
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n/a
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n/a
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| Schedule of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the year ended April 30, 2017, is presented below:
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Weighted
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Number of
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Exercise
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Contractual
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Intrinsic
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Options
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Shares
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Price
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Term
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Value
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Balance Outstanding, April 30, 2016
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1,492,593
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$
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2.29
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—
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—
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Granted
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671,666
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$
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2.74
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4.5
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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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Forfeited
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(44,654
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)
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$
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2.19
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1.5
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—
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Expired
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(23,055
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)
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4.13
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—
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—
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Balance Outstanding, April 30, 2017
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2,096,550
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$
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2.42
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3.09
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$
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2,715,101
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Exercisable, April 30, 2017
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1,963,217
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$
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2.83
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0.19
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$
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1,375,198
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| Stock Option Grants To Non-Employees [Member] |
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| Schedule of Stock Option Activity |
A summary of the Company's stock option activity for non-employees during the year ended April 30, 2017 is presented below:
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Weighted
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Average
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Average
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Remaining
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Aggregate
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Number of
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Exercise
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Contractual
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Intrinsic
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Options
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Shares
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Price
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Term
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Value
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Balance Outstanding, April 30, 2016
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16,250
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$
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3.48
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0.9
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$
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—
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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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—
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—
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—
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—
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Forfeited
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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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(16,250
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)
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—
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—
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—
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Balance Outstanding, April 30, 2017
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—
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$
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—
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—
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—
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Exercisable, April 30, 2017
|
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—
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$
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—
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—
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—
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