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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.3.a.u2
Stockholders' Equity (Tables)
6 Months Ended
Oct. 31, 2019
Summary of Warrant Activity
A summary of the Company鈥檚 warrant activity during the six months ended October听31, 2019 is presented below:
Warrants Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2019 731,152听 听 $ 5.28听 听 3.29 $ 413,296听 听
Granted 鈥斕� 听 鈥斕� 听 鈥斕� 听 鈥斕� 听
Exercised (164,929) 听 $ 2.05听 听 鈥斕� 听 鈥斕� 听
Surrendered 鈥斕� 听 鈥斕� 听 鈥斕� 听 鈥斕� 听
Expired 鈥斕� 听 鈥斕� 听 鈥斕� 听 鈥斕� 听
Balance Outstanding, October 31, 2019 566,223听 听 $ 6.22听 听 3.66 $ 154,820听 听
Exercisable, October 31, 2019 516,223听 听 $ 6.35听 听 3.59 $ 86,820听 听
Stock Incentive Plan and Stock Option Grants to Employees and Directors 听
Share-based Payment Arrangement, Option, Exercise Price Range
ALL OPTIONS EXERCISABLE OPTIONS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
No. of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
No. of
Options
$1.57 to $2.10
$ 1.99听 听 600,115听 听 $ 1.99听 听 1.18 600,115听 听
$2.28 to $2.76
$ 2.31听 听 392,780听 听 $ 2.29听 听 0.87 400,486听 听
$3.24 to $4.38
$ 3.90听 听 358,388听 听 $ 3.93听 听 2.00 235,904听 听
$4.50 to $5.20
$ 4.93听 听 711,459听 听 $ 4.90听 听 2.53 336,611听 听
$5.95 to $6.28
$ 6.07听 听 80,417听 听 $ 6.13听 听 2.68 36,806听 听
$7.17 to $7.55
$ 7.39听 听 660,972听 听 $ 7.39听 听 3.73 220,324听 听
$8.57 to $9.07
$ 8.98听 听 217,000听 听 $ 8.98听 听 3.44 72,333听 听
Options only 3,021,131听 听 1,902,579听 听
Summary of Valuation Assumptions Used The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the period ended.
October 31,
2019
April 30,
2019
Expected life (years) 3.5 3.5
Expected volatility 46.0听 % 50.1听 %
Risk-free interest rate 1.67听 % 2.63听 %
Dividend yield 0.00听 % 0.00听 %
Expected forfeiture rate n/a n/a
Summary of Stock Option Activity
A summary of the Company鈥檚 stock option activity for employees and directors during the six months ended October听31, 2019, is presented below:
Options Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2019 3,408,154听 听 $ 4.44听 听 2.90 $ 6,880,644听 听
Granted 89,000听 听 4.03听 听 鈥斕� 听 鈥斕� 听
Exercised (453,660) 听 2.20听 听 鈥斕� 听 鈥斕� 听
Forfeited (22,363) 听 5.92听 听 鈥斕� 听 鈥斕� 听
Expired 鈥斕� 听 鈥斕� 听 鈥斕� 听 鈥斕� 听
Balance Outstanding, October听31, 2019
3,021,131听 听 $ 4.57听 听 2.90 $ 6,880,644听 听
Exercisable, October听31, 2019
1,902,579听 听 $ 3.78听 听 1.86 $ 7,545,471听 听
Warrant 听
Share-based Payment Arrangement, Option, Exercise Price Range
ALL WARRANTS EXERCISABLE WARRANTS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
No. of
Warrants
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
No. of
Warrants
$ 4.89听 听 $ 4.89听 听 50,000听 听 $ 4.89听 听 4.70 鈥斕� 听
$ 5.85听 听 $ 5.85听 听 92,049听 听 $ 5.85听 听 4.27 92,049听 听
$ 6.00听 听 $ 6.00听 听 200,000听 听 $ 6.00听 听 4.60 200,000听 听
$ 6.87听 听 $ 6.87听 听 224,174听 听 $ 6.87听 听 2.99 224,174听 听
听听 听 566,223听 听 听听 听 听听 听 516,223听 听