Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.21.2
WARRANTS (Tables)
3 Months Ended
Jul. 31, 2021
Warrants  
The following table summarizes information about Common Stock warrants outstanding at July 31, 2021

The following table summarizes information about Common Stock warrants outstanding at July 31, 2021:

  

Outstanding   Exercisable  
          Weighted                    
          Average     Weighted           Weighted  
          Remaining     Average           Average  
Exercise   Number     Contractual     Exercise     Number     Exercise  
Price   Outstanding     Life (years)     Price     Exercisable     Price  
$1.00     500,000       2.6     $ 1.00       500,000     $ 1.00  
$1.75     175,672       3.3     $ 1.75       175,672     $ 1.75  
$3.00     8,093,863       3.4     $ 3.00       8,093,863     $ 3.00  
$6.25     61,250       4.9     $ 6.25       61,250     $ 6.25  
$1.00 - $6.25     8,830,785       3.3     $ 2.88       8,830,785     $ 2.88  
The estimated fair value of warrants granted during the three months ended July 31, 2021 and July 31, 2020, were calculated using the Black-Scholes option-pricing model using the following assumptions

The estimated fair value of warrants granted during the three months ended July 31, 2021 and July 31, 2020, were calculated using the Black-Scholes option-pricing model using the following assumptions:

 

 

    For the Three Months Ended July 31,
    2021   2020
Common stock price   $8.74 - $10.09   $1.00 - $1.50
Expected term (in years)   5.00   2.50
Volatility   86.31%   69.35%
Risk-free interest rate   0.87% - 0.90%   2.53%
Dividend yield   0.0%   0.0%