v3.24.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Cash Flows from Operating Activities    
Net loss $ (16,980,214) $ (15,722,078)
Net loss from discontinued operations (2,141,289) (962,971)
Net loss from continuing operations (14,838,925) (14,759,107)
Adjustments to reconcile net loss to net cash from operations:    
Stock based compensation - options 1,955,547 1,308,768
Stock based compensation - restricted units 738,155 1,482,190
Amortization of intangible assets 650,769 437,157
Realized loss from sale of marketable securities 851,986 106,225
Depreciation 357,289 169,748
Change in fair value of derivative (302,821) (751,397)
Changes in operating assets and liabilities    
Accounts receivable (4,371,862) (1,623,146)
Inventory (172,697) (3,243,110)
Other (1,534,558) (126,947)
Operating lease right-of-use assets and liabilities (2,210) 25,786
Customer deposits (103,690) (225,741)
Accounts payable 889,324 1,008,430
Accrued expenses 528,759 (615,006)
Net cash used in operating activities of continuing operations (15,354,934) (16,806,150)
Cash Flows from Investing Activities    
Purchases of property and equipment (184,532) (1,735,882)
Proceeds from sale of marketable securities 12,826,217 24,282,117
Investment in SAFE agreement (250,000)
Net cash provided by investing activities of continuing operations 12,641,685 22,296,235
Cash Flows from Financing Activities    
Public offering, net 8,395,600
ATM facility, net 9,212
Payments under debt obligations (423,772) (471,923)
Payments of taxes related to equity transactions (23,604) (594,454)
Exercise of stock options 2,655
Proceeds from related party obligations 13,404
Payments under related party obligations (40,057)
Net cash provided by (used in) financing activities of continuing operations 7,960,091 (1,093,030)
Discontinued operations    
Operating activities (781,482) (4,588,708)
Investing activities
Financing activities 98,441
Net cash used in discontinued operations (683,041) (4,588,708)
Net increase (decrease) in Cash 4,563,801 (191,653)
Cash, beginning of period 3,260,305 4,084,815
Cash, end of period 7,824,106 3,893,162
Less: Cash of discontinued operations (126,771) (84,058)
Cash of continuing operations, end of period 7,697,335 3,809,104
Cash paid for interest 57,963 97,005
Cash paid for income taxes
Non-cash transactions    
Unrealized gain on marketable securities 864,165 328,006
Conversion of preferred stock into common stock 9,820
Shares withheld as payment of note receivable 18,449
Taxes related to net share settlement of equity awards $ 11,682

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