Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Jul. 31, 2020

The following is a summary of the Company’s stock option activity during the periods ended July 31, 2020 and April 30, 2020:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at April 30, 2020		100,000	$	14.31		2.87
Granted		-		-		-
Exercised		—		—		—
Forfeited		-		-		—
Cancelled		—		—		—
Balance at July 31, 2020		100,000		14.31		2.63

Options exercisable at end of period		76,667	$	14.49
Options expected to vest		23,333	$	13.69
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, 2020 and changes during the three-month period then ended are presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Warrants with no Class designation:
Balance at April 30, 2020		527,378	$	14.83		3.73
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Canceled		—		—		—
Balance at July 31, 2020		527,378		14.83		3.48
Class A Warrants:
Balance at April 30, 2020		219,375		11.40		4.22
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Canceled		—		—		—
Balance at July 31, 2020		219,375		11.40		3.97
Total Warrants Outstanding at July 31, 2020		746,753	$	13.82		3.62
Warrants exercisable at end of period		389,611	$	20.07
Weighted average fair value of warrants granted during the period			$	—