Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.22.0.1
WARRANTS (Tables)
9 Months Ended
Jan. 31, 2022
Warrants  
The following table summarizes information about Common Stock warrants outstanding at January 31, 2022:

The following table summarizes information about Common Stock warrants outstanding at January 31, 2022:

 

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       2.3     $ 1.00       500,000     $ 1.00  
$ 1.75       175,672       3.0     $ 1.75       175,672     $ 1.75  
$ 3.00       8,093,863       3.1     $ 3.00       8,093,863     $ 3.00  
$ 6.25       61,250       4.6     $ 6.25       61,250     $ 6.25  
  $1.00 - $6.25       8,830,785       3.1     $ 2.88       8,830,785     $ 2.88  
The estimated fair value of warrants granted during the nine months ended January 31, 2022 and 2021, were calculated using the Black-Scholes option-pricing model using the following assumptions:

The estimated fair value of warrants granted during the nine months ended January 31, 2022 and 2021, were calculated using the Black-Scholes option-pricing model using the following assumptions:

 

  For the Nine Months Ended January 31,
  2022   2021
Expected term (in years) 5.00   5.00
Volatility 86.31%   103.70%
Risk-free interest rate 0.87% - 0.90%   0.27% - 0.28%
Dividend yield 0.0%   0.0%