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Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
 12 Months Ended
Apr. 30, 2020
Stockholders' Equity Note [Abstract] Ìý
Schedule of Restricted Stock Unit Activity
A summary of the Company’s Restricted Stock Unit activity during the year ended April 30, 2020 is presented below:

Number of Shares Weighted Average Grant Price
Restricted Stock Units
Balance outstanding at April 30, 2019 —Ìý Ìý $ —Ìý Ìý
Granted 658,675Ìý Ìý 5.67
Vested (15,000) Ìý 6.89
Forfeited (500) Ìý 5.18
Balance outstanding at April 30, 2020 643,175Ìý Ìý 5.64
Schedule of Warrants
A summary of the Company’s warrant activity during the year ended AprilÌý30, 2020 is presented below:
Warrants
Number of Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2019 731,152Ìý Ìý $ 5.28Ìý Ìý 3.29 $ 413,296Ìý Ìý
Granted
 —Ìý Ìý —Ìý Ìý —Ìý Ìý —Ìý Ìý
Exercised
 (164,929) Ìý 2.05Ìý Ìý —Ìý Ìý —Ìý Ìý
Surrendered
 —Ìý Ìý —Ìý Ìý —Ìý Ìý —Ìý Ìý
Expired
 —Ìý Ìý —Ìý Ìý —Ìý Ìý —Ìý Ìý
Balance Outstanding, April 30, 2020 566,223Ìý Ìý $ 6.22Ìý Ìý 3.17 $ 950,100Ìý Ìý
Exercisable, April 30, 2020 566,223Ìý Ìý $ 6.22Ìý Ìý 3.17 $ 950,100Ìý Ìý
Schedule of All Warrants and Exercisable Warrants
ALL WARRANTS
EXERCISABLE WARRANTS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
No. of
Warrants
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
No. of
Warrants
$ 4.89Ìý Ìý $ 4.89Ìý Ìý 50,000Ìý Ìý $ 4.89Ìý Ìý 3.85 50,000Ìý Ìý
$ 5.85Ìý Ìý $ 5.85Ìý Ìý 92,049Ìý Ìý $ 5.85Ìý Ìý 3.82 92,049Ìý Ìý
$ 6.00Ìý Ìý $ 6.00Ìý Ìý 200,000Ìý Ìý $ 6.00Ìý Ìý 3.85 200,000Ìý Ìý
$ 6.87Ìý Ìý $ 6.87Ìý Ìý 224,174Ìý Ìý $ 6.87Ìý Ìý 2.24 224,174Ìý Ìý
566,223Ìý Ìý 566,223Ìý Ìý
ALL OPTIONS
EXERCISABLE OPTIONS
Exercise
Price
Weighted
Average
Exercise
Price
Outstanding
No. of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining Life
In Years
Exercisable
No. of
Options
$1.57 to $2.10
 $2.00Ìý Ìý 561,724Ìý Ìý $2.00Ìý Ìý 0.71 561,724Ìý Ìý
$2.28 to $2.76
 $2.30Ìý Ìý 374,446Ìý Ìý $2.30Ìý Ìý 0.41 374,446Ìý Ìý
$3.24 to $4.38
 $3.89Ìý Ìý 327,730Ìý Ìý $3.87Ìý Ìý 1.60 275,063Ìý Ìý
$4.50 to $5.20
 $4.94Ìý Ìý 677,277Ìý Ìý $4.94Ìý Ìý 2.54 226,125Ìý Ìý
$5.95 to $6.28
 $6.07Ìý Ìý 79,917Ìý Ìý $6.07Ìý Ìý 2.20 26,639Ìý Ìý
$7.17 to $7.55
 $7.41Ìý Ìý 549,639Ìý Ìý $7.32Ìý Ìý 3.58 223,880Ìý Ìý
$8.57 to $9.07
 $8.97Ìý Ìý 164,166Ìý Ìý $8.97Ìý Ìý 2.69 54,722Ìý Ìý
Options only 2,734,899Ìý Ìý 1,742,599Ìý Ìý
Schedule of Assumptions Used to Value Stock Options The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the period ended.
Ìý
 April 30,
Ìý
 2020 2019
Expected life (years)
 3.5 3.5
Expected volatility
 57.0Ìý % 50.1Ìý %
Risk-free interest rate
 0.24Ìý % 2.63Ìý %
Dividend yield
 0.00Ìý % 0.00Ìý %
Expected forfeiture rate
 n/a n/a
Schedule of Stock Option Activity A summary of the Company’s stock option activity for employees and directors during the year ended AprilÌý30, 2020, is presented below:
Options
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2019 3,408,154Ìý Ìý $ 4.44Ìý Ìý 2.90 $ 6,880,644Ìý Ìý
Granted
 156,900Ìý Ìý 5.18Ìý Ìý —Ìý Ìý —Ìý Ìý
Exercised
 (624,346) Ìý 3.17Ìý Ìý —Ìý Ìý —Ìý Ìý
Forfeited
 (205,809) Ìý 7.37Ìý Ìý —Ìý Ìý —Ìý Ìý
Expired
 —Ìý Ìý —Ìý Ìý —Ìý Ìý —Ìý Ìý
Balance Outstanding, April 30, 2020 2,734,899Ìý Ìý $ 4.62Ìý Ìý 1.97 $ 9,146,198Ìý Ìý
Exercisable, April 30, 2020 1,742,599Ìý Ìý $ 3.71Ìý Ìý 1.48 $ 7,366,936Ìý Ìý