Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.19.1
Subsequent Events
9 Months Ended
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.