Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2023
Apr. 30, 2022
Current assets:    
Cash and cash equivalents $ 68,039,936 $ 85,400,656
Prepaid expenses and other current assets 107,681 94,172
Total current assets 68,147,617 85,494,828
Other assets:    
Intangible assets 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,688 7,688
Total other assets 5,129,308 5,129,308
Total Assets 73,276,925 90,624,136
Current liabilities:    
Accounts payable 128,281 205,361
Accrued expenses 458,300 499,009
Total current liabilities 586,581 704,370
Total Liabilities 586,581 704,370
Commitments and Contingencies (Notes 6 and 8)
Stockholders' equity:    
Common stock, authorized: 133,333,334 shares, $0.0001 par value; shares issued 21,602,078, shares outstanding 16,793,980 as of April 30, 2023, and 20,721,047 shares issued and outstanding as of April 30, 2022 2,160 2,072
Additional paid-in capital 202,230,583 201,582,107
Accumulated deficit (115,958,773) (111,648,656)
Treasury stock, at cost, 4,808,098 and 0 shares as of April 30, 2023, and 2022, respectively (13,560,623) 0
Accumulated other comprehensive loss (23,003) (15,757)
Total stockholders' equity 72,690,344 89,919,766
Total Liabilities and Stockholders' Equity $ 73,276,925 $ 90,624,136