Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jul. 31, 2024
Apr. 30, 2024
Current assets:    
Cash and cash equivalents $ 32,635,092 $ 50,179,968
Prepaid expenses and other current assets 240,227 259,800
Total current assets 32,875,319 50,439,768
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock – TNF 29,120,000 0
Convertible note receivable – Femasys 3,000,000 2,755,000
Warrant asset – Femasys 3,642,000 5,152,000
Other asset 7,688 7,688
Total other assets 37,319,115 9,464,115
Total Assets 70,194,434 59,903,883
Current liabilities:    
Accounts payable 553,952 389,369
Accrued expenses 684,136 735,199
Accrued Series B convertible preferred stock redemption and dividends 6,234,862 6,296,696
Total current liabilities 7,472,950 7,421,264
Other liabilities:    
Warrant liability 8,700,000 10,784,000
Derivative liability 980,000 2,184,000
Total other liabilities 9,680,000 12,968,000
Total Liabilities 17,152,950 20,389,264
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 7,717,278 as of July 31, 2024, and shares issued 21,672,078, shares outstanding 8,037,624 as of April 30, 2024 2,167 2,167
Additional paid-in capital 182,723,002 185,334,173
Accumulated deficit (92,203,655) (115,625,010)
Treasury stock, at cost, 13,954,800 and 13,634,454 shares as of July 31, 2024, and April 30, 2024, respectively (42,789,816) (42,040,216)
Accumulated other comprehensive loss (23,328) (23,511)
Total stockholders' equity 47,708,370 27,647,603
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 70,194,434 59,903,883
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 5,333,114 11,867,016
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 0 $ 0