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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
9 Months Ended
Jan. 31, 2018
Stockholders' Equity Note [Abstract]  
Schedule of Warrants Activity

A summary of the Company’s warrant activity during the nine months ended January 31, 2017 is presented below:


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance outstanding, April 30, 2017

 

 

914,123

 

 

$

2.82

 

 

 

1.6

 

 

$

1,100,203

 

Granted

 

 

224,174

 

 

 

6.87

 

 

 

5.0

 

 

 

307,118

 

Exercised

 

 

(356,267

)

 

 

0.55

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(38,257

)

 

 

 

 

 

 

 

 

 

Balance outstanding, January 31, 2018

 

 

743,773

 

 

$

4.08

 

 

 

2.1

 

 

$

3,095,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, January 31, 2018

 

 

743,773

 

 

$

4.08

 

 

 

2.1

 

 

$

3,095,502

 

Schedule of Assumptions Used In Valuing Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the nine months ended January 31, 2018.


 

 

 

 

 

January 31,

 

 

 

 

 

 

2018

 

Expected life (years)

 

 

 

 

 

 

4-6.5

 

Expected volatility

 

 

 

 

 

 

40-43

%

Risk-free interest rate

 

 

 

 

 

 

0.00

%

Dividend yield

 

 

 

 

 

 

n/a

Schedule of Stock Option Activity

A summary of the Company’s stock option activity for employees and directors during the nine months ended January 31, 2018, is presented below:


 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance outstanding, April 30, 2017

 

 

2,097,384

 

 

$

1.86

 

 

 

2.7

 

 

$

12,489,871

 

Granted

 

 

844,000

 

 

$

3.53

 

 

 

3.4

 

 

 

1,867,740

 

Exercised

 

 

(63,838

)

 

$

3.13

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Balance outstanding, January 31, 2018

 

 

2,877,546

 

 

$

3.52

 

 

 

3.24

 

 

$

17,658,268

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, January 31, 2018

 

 

1,083,484

 

 

$

2.22

 

 

 

2.07

 

 

$

8,727,757