Stockholders' Equity (Tables)
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9 Months Ended |
Jan. 31, 2022 |
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| Stockholders' Equity Note [Abstract] |
Ìý
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| Schedule of Restricted Stock Unit Activity |
A summary of the Company’s RSU activity during the nine months ended JanuaryÌý31, 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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549,972Ìý |
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$ |
6.58Ìý |
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| Granted |
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514,142Ìý |
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5.62Ìý |
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| Forfeits |
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(36,353) |
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9.67Ìý |
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| Vested |
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(75,124) |
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(1) |
4.54Ìý |
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| Expired |
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—Ìý |
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—Ìý |
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| Unvested balance outstanding, January 31, 2022 |
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952,637Ìý |
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$ |
4.84Ìý |
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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 JanuaryÌý31, 2022 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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374,174Ìý |
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$ |
6.37Ìý |
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1.90 |
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$ |
—Ìý |
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| Granted |
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75,000Ìý |
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$ |
6.23Ìý |
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4.55 |
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—Ìý |
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| Exercised |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Surrendered |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Expired |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Balance Outstanding, January 31, 2022 |
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449,174Ìý |
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$ |
6.35Ìý |
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1.71 |
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$ |
—Ìý |
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| Exercisable, January 31, 2022 |
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424,174Ìý |
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$ |
6.31Ìý |
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1.55 |
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$ |
—Ìý |
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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 |
| $ |
4.89Ìý |
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$ |
4.89Ìý |
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50,000Ìý |
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$ |
4.89Ìý |
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2.19 |
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50,000Ìý |
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| $ |
5.85Ìý |
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$ |
5.85Ìý |
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50,000Ìý |
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$ |
5.85Ìý |
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4.58 |
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50,000Ìý |
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| $ |
6.00Ìý |
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$ |
6.00Ìý |
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100,000Ìý |
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$ |
6.00Ìý |
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2.09 |
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100,000Ìý |
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| $ |
6.87Ìý |
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$ |
6.87Ìý |
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224,174Ìý |
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$ |
6.87Ìý |
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0.48 |
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224,174Ìý |
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| $ |
6.99Ìý |
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$ |
6.99Ìý |
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25,000Ìý |
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| Ìý |
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449,174Ìý |
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Ìý |
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Ìý |
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424,174Ìý |
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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 $4.38 |
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$ |
4.14Ìý |
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115,890Ìý |
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$ |
4.15Ìý |
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0.94 |
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103,389Ìý |
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$4.50 to $5.20 |
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$ |
4.99Ìý |
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153,944Ìý |
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$ |
5.03Ìý |
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1.77 |
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137,394Ìý |
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$5.95 to $6.28 |
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$ |
5.95Ìý |
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28,000Ìý |
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$ |
5.95Ìý |
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0.55 |
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28,000Ìý |
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$7.17 to $7.55 |
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$ |
7.45Ìý |
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473,092Ìý |
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$ |
7.46Ìý |
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1.57 |
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465,092Ìý |
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$8.57 to $9.07 |
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$ |
8.98Ìý |
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157,749Ìý |
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$ |
8.98Ìý |
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0.93 |
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157,749Ìý |
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928,675Ìý |
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891,624Ìý |
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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 JanuaryÌý31, 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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1,214,473Ìý |
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$ |
6.24Ìý |
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1.88 |
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$ |
204,719Ìý |
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| Granted |
|
—Ìý |
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|
—Ìý |
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|
—Ìý |
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—Ìý |
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| Exercised |
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(258,419) |
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5.60Ìý |
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—Ìý |
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—Ìý |
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| Forfeited |
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(4,586) |
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4.59Ìý |
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—Ìý |
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|
—Ìý |
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| Expired |
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(22,793) |
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3.21Ìý |
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—Ìý |
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—Ìý |
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Balance Outstanding, JanuaryÌý31, 2022 |
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928,675Ìý |
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$ |
6.84Ìý |
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1.41 |
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$ |
—Ìý |
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Exercisable, JanuaryÌý31, 2022 |
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891,264Ìý |
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$ |
6.92Ìý |
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1.38 |
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$ |
—Ìý |
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