Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2024
Apr. 30, 2023
Current assets:    
Cash and cash equivalents $ 50,179,968 $ 68,039,936
Prepaid expenses and other current assets 259,800 107,681
Total current assets 50,439,768 68,147,617
Other assets:    
Intangible assets 1,549,427 3,549,427
Investment in SG Austria 0 1,572,193
Convertible note receivable 2,755,000 0
Warrant asset 5,152,000 0
Other assets 7,688 7,688
Total other assets 9,464,115 5,129,308
Total Assets 59,903,883 73,276,925
Current liabilities:    
Accounts payable 389,369 128,281
Accrued expenses 735,199 458,300
Accrued Series B convertible preferred stock redemption and dividends 6,296,696 0
Total current liabilities 7,421,264 586,581
Other liabilities:    
Warrant liability 10,784,000 0
Derivative liability 2,184,000 0
Total other liabilities 12,968,000 0
Total Liabilities 20,389,264 586,581
Commitments and Contingencies (Notes 7 and 9)
Stockholders' equity:    
Preferred stock value 0 0
Common stock, authorized: 200,000,000 shares, $0.0001 par value; shares issued 21,672,078, shares outstanding 8,037,624 as of April 30, 2024, and shares issued 21,602,078, shares outstanding 16,793,980 as of April 30, 2023 2,167 2,160
Additional paid-in capital 185,334,173 202,230,583
Accumulated deficit (115,625,010) (115,958,773)
Treasury stock, at cost, 13,634,454 and 4,808,098 shares as of April 30, 2024, and 2023, respectively (42,040,216) (13,560,623)
Accumulated other comprehensive loss (23,511) (23,003)
Total stockholders' equity 27,647,603 72,690,344
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 59,903,883 73,276,925
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 11,867,016 0
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 0 $ 0