Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Apr. 30, 2022
Accounting Policies [Abstract]  
The following sets forth the number of shares of common stock underlying outstanding convertible preferred stock, options, warrants, and convertible notes that have been excluded from the computation of loss per common share:

The following sets forth the number of shares of common stock underlying outstanding convertible preferred stock, options, warrants, and convertible notes that have been excluded from the computation of loss per common share:

 

    For the Year Ended April 30,  
    2022     2021  
Series A convertible preferred stock     -       15,000,000  
Stock options (1)     13,700,000       16,300,000  
Restricted stock     187,510       -  
Warrants     10,149,788       6,769,635  
Convertible notes     -       245,999  
      24,037,298       38,315,634  

 

(1) The Company has excluded 2,000,000 stock options, with an exercise price of $0.0004, from its anti-dilutive securities as these shares have been included in our determination of basic loss per share as they represent shares issuable for little or no cash consideration upon the satisfaction of certain conditions pursuant to ASC 260-10-45-14.