WARRANT LIABILITY (Details Narrative) - USD ($) |
9 Months Ended | ||||
|---|---|---|---|---|---|
Jan. 31, 2024 |
Apr. 30, 2023 |
Apr. 10, 2023 |
Mar. 31, 2022 |
Mar. 18, 2022 |
|
| Warrant Liability | |||||
| Warrant liability | $ 3,139,500 | $ 4,230,850 | |||
| Description of issuing warrant liabilities | (a) any merger or consolidation by and between the Company and another Person, (b) the sale or other disposition by the Company of all or substantially all of its assets, (c) the completion of any tender offer or exchange offer pursuant to which the holders of greater than 50% of the Company’s outstanding common stock has agreed to tender or exchange their securities, and (d) the consummation of a stock purchase agreement or other business combination whereby another Person acquires more than 50% of the outstanding shares of common stock of the Company. In the event of a fundamental transaction, the holder of the warrant has the right to require that the Company purchase the warrant from the holder by paying the holder an amount of cash equal to a valuation based on the Black-Scholes Option Pricing Model reflecting an expected volatility equal to the greater of 100% or the 100-day volatility as of the trading day immediately following the public announcement of the applicable fundamental transaction. | ||||
| Warrants issued | 870,000 | 870,000 | 625,000 | 625,000 | |
| Initial valuation of warrant liability | $ 3,088,500 | $ 3,652,000 |