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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.4
Stockholders' Equity (Tables)
9 Months Ended
Jan. 31, 2021
Schedule of Restricted Stock Unit Activity
A summary of the Company’s RSU activity which were granted under the 2012 and 2018 Equity Incentive Plans during the nine months ended JanuaryÌý31, 2021 is presented below:
Restricted Stock Units Number of Shares Weighted Average Grant Price
Unvested balance outstanding, April 30, 2020 643,175Ìý $ 5.64Ìý
Granted 251,521Ìý 9.82Ìý
Exercised —Ìý —Ìý
Forfeits (19,250) 8.94Ìý
Vested (206,109) 12.46Ìý
Expired —Ìý —Ìý
Unvested balance outstanding, January 31, 2021 669,337Ìý $ 6.95Ìý
Summary of Warrant Activity
A summary of the Company’s warrant activity during the nine months ended JanuaryÌý31, 2021 is presented below:
Warrants Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2020 566,223Ìý $ 6.22Ìý 3.17 $ 950,100Ìý
Granted —Ìý $ —Ìý —Ìý —Ìý
Exercised (192,049) $ 5.60Ìý —Ìý —Ìý
Surrendered —Ìý $ —Ìý —Ìý —Ìý
Expired —Ìý $ —Ìý —Ìý —Ìý
Balance Outstanding, January 31, 2021 374,174Ìý $ 6.37Ìý 2.14 $ 1,151,369Ìý
Exercisable, January 31, 2021 374,174Ìý $ 6.37Ìý 2.14 $ 1,151,369Ìý
Warrant Ìý
Share-based Payment Arrangement, Option, Exercise Price Range
OUTSTANDING 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 $ 4.89Ìý 50,000Ìý $ 4.89Ìý 3.44 50,000Ìý
$ 6.00Ìý $ 6.00Ìý 100,000Ìý $ 6.00Ìý 3.09 100,000Ìý
$ 6.87Ìý $ 6.87Ìý 224,174Ìý $ 6.87Ìý 1.48 224,174Ìý
Ìý 374,174Ìý Ìý Ìý 374,174Ìý
Stock Incentive Plan and Stock Option Grants to Employees and Directors Ìý
Share-based Payment Arrangement, Option, Exercise Price Range
OUTSTANDING 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
$ 1.92Ìý 29,167Ìý $ 1.92Ìý 0.44 29,167Ìý
$2.28 to $2.76
$ 2.76Ìý 11,415Ìý $ 2.76Ìý 0.67 11,415Ìý
$3.24 to $4.38
$ 3.82Ìý 188,639Ìý $ 3.75Ìý 1.32 146,804Ìý
$4.50 to $5.20
$ 4.94Ìý 362,818Ìý $ 4.95Ìý 1.82 297,714Ìý
$5.95 to $6.28
$ 6.10Ìý 66,000Ìý $ 6.10Ìý 1.47 66,000Ìý
$7.17 to $7.55
$ 7.44Ìý 444,425Ìý $ 7.43Ìý 2.62 329,175Ìý
$8.57 to $9.07
$ 8.98Ìý 157,749Ìý $ 8.98Ìý 1.93 157,749Ìý
Options only 1,260,213Ìý 1,038,024Ìý
Summary of Stock Option Activity
A summary of the Company’s stock option activity for employees and directors during the nine months ended JanuaryÌý31, 2021, is presented below:
Options Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Balance Outstanding, April 30, 2020 2,740,539Ìý $ 4.62Ìý 1.97 $ 9,146,198Ìý
Granted —Ìý $ —Ìý —Ìý —Ìý
Exercised (1,400,832) $ 10.80Ìý —Ìý —Ìý
Forfeited (7,585) $ 6.23Ìý —Ìý —Ìý
Expired (71,909) $ 3.98Ìý —Ìý —Ìý
Balance Outstanding, JanuaryÌý31, 2021
1,260,213Ìý $ 6.13Ìý 2.08 $ 4,184,115Ìý
Exercisable, JanuaryÌý31, 2021
1,038,024Ìý $ 6.14Ìý 1.94 $ 3,432,509Ìý