Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Related-Party Transactions

v3.22.2.2
Note 19 - Related-Party Transactions
6 Months Ended
Oct. 31, 2022
Related Party Transactions [Abstract]  
Note 19 - Related-Party Transactions

Note 19 - Related-Party Transactions

 

In July 2021, the Company entered into a consulting agreement with a director resulting in monthly payments of $6,000. In addition, the Company issued 150,000 options to purchase common stock at $2.51 which vested quarterly over the one-year term of the agreement. In January 2022, the agreement was amended to increase the monthly payments to $10,000. The agreement expired in June 2022.

 

In January 2022, the Company entered into a note agreement with an employee in the principal amount of $510,323, as further described in Note 6.

 

Additional related party transactions are disclosed in Note 11.