Subsequent Events |
9 Months Ended |
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Jan. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events |
NOTE 12 — SUBSEQUENT EVENTS
On February 19, 2019, the Company entered into contracts with investor relations firms under which it will be required to pay for services in cash and shares of the Company’s common stock. One agreement is for a six-month term and two agreements are for twelve months. A total of 155,951 shares were issued at a fair value of $160,630 based on the closing price of $1.03 on February 19, 2019 to satisfy the equity component of the agreements.
On February 4, 2019, the Company issued 12,626 shares of common stock to satisfy a stock payable to an employee for services rendered during the quarter ended January 31, 2019. The shares were valued at $12,500 using a share price of $0.99 on the date of issue.
In March 2019, the Company sold 54,995 common shares and raised a net of $45,932, net of issuance costs, through the ATM Agreement at $0.87 per share. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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