Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net loss $ (3,183,297) $ (1,545,012)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 0 2,278
Stock issued for compensation 0 2,750
Stock-based compensation 0 4,595
Warrant issuance costs 913,640 0
Change in fair value of warrant liability 1,452,000 0
Change in fair value of derivative liability 530,000 0
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 19,031 66,024
Increase in accounts payable 589,849 353,665
Increase in accrued expenses 21,736 31,322
Net cash provided by (used in) operating activities 342,959 (1,084,378)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Repurchase of common stock (26,457,324) (2,090,847)
Proceeds from issuance of preferred stock 35,000,000 0
Payment for issuance costs related to preferred stock (2,263,565) 0
Proceeds from warrant exercise 70 880
Net cash provided by (used in) financing activities 6,279,181 (2,089,967)
Effect of currency rate exchange on cash and cash equivalents 451 1,304
Net increase (decrease) in cash and cash equivalents 6,622,591 (3,173,041)
Cash and cash equivalents at beginning of the period 68,039,936 85,400,656
Cash and cash equivalents at end of the period 74,662,527 82,227,615
Supplemental disclosure of cash flows information:    
Cash paid during the periods for income taxes 1,600 0
Non-cash derivative liability at initial fair value 2,770,000 0
Non-cash warrant liability at initial fair value 14,127,000 0
Accrual of Series B Convertible Preferred Stock dividends $ 319,849 $ 0