Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Jul. 31, 2019

A summary of the Company’s outstanding stock options as of July 31, 2019 and changes during the period then ended are presented below:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at April 30, 2019		1,456,458		$	1.80		3.29
Granted		—			—		—
Exercised		—			—		—
Forfeited		(87,500	)		1.48		—
Canceled		—			—		—
Balance at July 31, 2019		1,368,958		$	1.83		3.02

Options exercisable at end of period		931,458		$	2.00
Options expected to vest		437,500		$	1.46
Weighted average fair value of options granted during the period				$	—

Schedule of Stock Warrant Activity

A summary of the Company’s outstanding warrants to purchase shares of common stock as of July 31, 2019 and changes during the period then ended are presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at April 30, 2019		1,702,359	$	3.12		2.25
Granted		3,291,250		1.14		5.0
Exercised		—		—		—
Forfeited		—		—		—
Canceled		—		—		—
Balance at July 31, 2019		4,993,609	$	1.82		3.96

Warrants exercisable at end of period		2,799,859	$	3.96
Weighted average fair value of warrants granted during the period			$	0.52