Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS??? EQUITY (Tables)

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STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Jan. 31, 2022
Equity [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The following is a summary of the Company’s stock option activity during the nine months ended January 31, 2022:

 

    Number of
Options
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2021     95,000     $ 14.63       1.57  
Granted     58,060       6.93       5.00  
Exercised                  
Forfeited                  
Cancelled     (5,000 )     13.40        
Balance at January 31, 2022     148,060       11.65       2.46  
                         
Options exercisable at end of period     128,410     $ 13.44          
Options expected to vest     19,650     $ 6.93          
Weighted average fair value of options granted during the period           $ 4.52          
SCHEDULE OF STOCK OPTION

 

    For the
Nine Months Ended
January 31, 2022
 
Risk free interest rate     1.53 %
Dividend yield     0.00 %
Expected volatility     82 %
Contractual term (in years)     5.0  
Forfeiture rate     0.00 %
SCHEDULE OF STOCK WARRANT ACTIVITY

A summary of the Company’s outstanding warrants to purchase shares of common stock as of January 31, 2022 and changes during the period ended as presented below:

 

    Number of Warrants     Weighted Average
Exercise
Price
    Weighted Average Remaining Contractual
Life
(Years)
 
Warrants with no Class designation:                        
Balance at April 30, 2021     1,428,794     $ 12.00       4.08  
Granted                  
Exercised                  
Forfeited     (170,235 )     31.25        
Canceled                  
Balance at January 31, 2022     1,258,559       9.40       3.92  
Class A Warrants:                        
Balance at April 30, 2021     109,687       11.40       3.22  
Granted                  
Exercised                  
Forfeited                  
Canceled                  
Balance at January 31, 2022     109,687       11.40       2.47  
Total Warrants Outstanding at January 31, 2022     1,368,246     $ 9.56       3.80  
Warrants exercisable at end of period     1,368,246     $ 9.56          
Weighted average fair value of warrants granted during the period           $