Annual report pursuant to Section 13 and 15(d)

Share Based Awards (Tables)

v3.21.2
Share Based Awards (Tables)
12 Months Ended
Apr. 30, 2021
Share-based Payment Arrangement [Abstract]  
Assumptions used for estimating fair value of options
    2021   2020
Exercise price     2.01 - 3.95       0.82 - 2.10  
Stock price on date of grant     2.01 - 3.95       0.82 - 2.10  
Volatility     88.60% - 91.44 %     75 %
Risk-free interest rate     0.38% - 1.66 %     1.59 - 1.74 %
Expected term (years)     5.87 - 10.00       5.00 - 10.00  
Dividend yield     —         —    
Summary of activity under 2019 Equity Incentive Plan
Options   Shares   Weighted-Average Exercise Price   Weighted-Average Remaining Contractual Term   Aggregate Intrinsic Value
                                 
Outstanding as of April 30, 2019     —         —                    
Granted     1,597,475     $ 1.10                  
Exercised     —         —                    
Forfeited or expired     —         —                    
Outstanding as of April 30, 2020     1,597,475       1.10                  
Granted     600,000       3.63                  
Exercised     —         —                    
Forfeited or expired     —         —                    
Outstanding as of April 30, 2021     2,197,475     $ 1.79       8.68     $ 4,943,870  
Exercisable as of April 30, 2021     1,305,810     $ 2.21       9.00     $ 2,388,208  
Stock compensation expense
    2021   2020
General and administrative   $ 1,688,025     $ 213,959  
Research and development     1,269,987       55,936  
Operations     220,048       —    
Sales and marketing     210,156       —    
 Total   $ 3,388,216     $ 269,895