Annual report pursuant to Section 13 and 15(d)

WARRANTS (Tables)

v3.22.2
WARRANTS (Tables)
12 Months Ended
Apr. 30, 2022
Warrants  
The following table summarizes information about common stock warrants outstanding at April 30, 2022:

The following table summarizes information about common stock warrants outstanding at April 30, 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       1.8     $ 1.00       500,000     $ 1.00  
$1.75       161,342       2.5     $ 1.75       161,342     $ 1.75  
$3.00       9,427,196       2.9     $ 3.00       9,427,196     $ 3.00  
$6.25       61,250       4.1     $ 6.25       61,250     $ 6.25  
$1.00 - $6.25       10,149,788       2.9     $ 2.90       10,149,788     $ 2.90  
The estimated fair value of warrants granted during the years ended April 30, 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 years ended April 30, 2022 and 2021, were calculated using the Black-Scholes option-pricing model using the following assumptions:

 

  For the Year Ended April 30,
  2022   2021
Expected term (in years) 5.00   5.00
Volatility 88.94%   103.70%
Risk-free interest rate 2.92%   0.27% - 0.28%
Dividend yield 0.0%   0.0%