Stockholders' Equity (Tables)
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12 Months Ended |
Apr. 30, 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 which were granted under the 2021 and 2018 Equity Incentive Plans during the year ended AprilÌý30, 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 Date Fair Value |
| 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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520,142Ìý |
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5.58Ìý |
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| Forfeits |
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(54,610) |
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|
8.49Ìý |
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| Vested |
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(85,576) |
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4.27Ìý |
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| Expired |
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—Ìý |
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—Ìý |
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| Unvested balance outstanding, April 30, 2022 |
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929,928Ìý |
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$ |
6.12Ìý |
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| Summary of Warrant Activity |
A summary of the Company’s warrant activity during the year ended AprilÌý30, 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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1.9 |
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—Ìý |
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| Granted |
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275,000Ìý |
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2.43Ìý |
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4.80 |
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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, April 30, 2022 |
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649,174Ìý |
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$ |
4.70Ìý |
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1.96 |
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$ |
—Ìý |
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| Exercisable, April 30, 2022 |
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624,174Ìý |
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$ |
4.61Ìý |
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2.48 |
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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
Number 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
Number of
Warrants |
| $1.00 |
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$ |
1.00Ìý |
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200,000Ìý |
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$1.00 |
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4.99 |
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200,000Ìý |
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| $4.89 |
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$ |
4.89Ìý |
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50,000Ìý |
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$4.89 |
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1.95 |
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50,000Ìý |
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| $5.85 |
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$ |
5.85Ìý |
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50,000Ìý |
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$5.85 |
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4.34 |
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50,000Ìý |
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| $6.00 |
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$ |
6.00Ìý |
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100,000Ìý |
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$6.00 |
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1.85 |
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100,000Ìý |
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| $6.87 |
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$ |
6.87Ìý |
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224,174Ìý |
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$6.87 |
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0.24 |
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224,174Ìý |
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| $6.99 |
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$ |
6.99Ìý |
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25,000Ìý |
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$0.00 |
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—Ìý |
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—Ìý |
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649,174Ìý |
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624,174Ìý |
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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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$3.82Ìý |
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63,165Ìý |
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$4.50Ìý |
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1.44 |
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51,998Ìý |
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$4.50 to $5.20 |
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$4.94Ìý |
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138,176Ìý |
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$4.98Ìý |
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1.74 |
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137,543Ìý |
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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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0.31 |
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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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1.32 |
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465,095Ìý |
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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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$8.98Ìý |
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0.69 |
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157,749Ìý |
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860,182Ìý |
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840,385Ìý |
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| Summary of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the year ended AprilÌý30, 2022, is presented below:
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| Options |
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Number of
Shares |
|
Weighted
Average
Exercise
Price |
|
Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2021 |
|
1,214,473Ìý |
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$ |
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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(7,297) |
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2.89Ìý |
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—Ìý |
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—Ìý |
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| Expired |
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(88,575) |
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|
0.83Ìý |
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—Ìý |
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—Ìý |
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| Balance Outstanding, April 30, 2022 |
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860,182Ìý |
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$ |
7.03Ìý |
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1.25 |
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$ |
—Ìý |
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| Exercisable, April 30, 2022 |
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840,385Ìý |
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$ |
7.08Ìý |
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1.24 |
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$ |
—Ìý |
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| Schedule of Share-Based Compensation |
A summary of the Company’s stock-based compensation expense, which is included in "general and administrative" expense in the consolidated statement of operations is presented below:
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Years Ended April 30, |
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2022 |
|
2021 |
| RSUs |
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$ |
2,095,533Ìý |
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$ |
3,335,250Ìý |
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| Restricted Stock |
|
307,283Ìý |
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62,007Ìý |
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| Stock options |
|
131,849Ìý |
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560,828Ìý |
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| ÌýÌýÌýTotal stock-based compensation expense |
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$ |
2,534,665Ìý |
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$ |
3,958,085Ìý |
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