| Restatement tables |
Restatement
tables
| CONDENSED CONSOLIDATED BALANCE SHEETS |
|
July 31, 2023
As Reported |
|
|
Adjustment |
|
|
July 31, 2023
As Restated |
|
Convertible Preferred Stock:
Series B convertible preferred stock: authorized 35,000 shares, $0.0001 par value and $1,000 face value, 35,000 and 0 shares issued and outstanding as of July 31, 2023 and April 30, 2023, respectively. Liquidation Preference of $35,000,000 plus dividends accrued at 4% per annum of $319,849 and $0, as of July 31, 2023 and April 30, 2023, respectively. |
|
$ |
16,753,075 |
|
|
$ |
3,272,033 |
|
|
$ |
20,025,108 |
|
| Additional paid-in capital |
|
|
202,230,646 |
|
|
|
(3,591,882 |
) |
|
|
198,638,764 |
|
| Accumulated deficit |
|
|
(119,461,919 |
) |
|
|
319,849 |
|
|
|
(119,142,070 |
) |
| Treasury stock |
|
|
(40,017,947 |
) |
|
|
(264,573 |
) |
|
|
(40,282,520 |
) |
| Total stockholders' equity |
|
|
42,730,395 |
|
|
|
(3,536,606 |
) |
|
|
39,193,789 |
|
| Total Liabilities, Convertible Preferred Stock and Stockholders' Equity |
|
|
79,880,485 |
|
|
|
– |
|
|
|
79,880,485 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
|
July 31, 2023
As Reported |
|
|
Adjustment |
|
|
July 31, 2023
As Restated |
|
| Preferred stock accretion |
|
$ |
– |
|
|
$ |
(3,272,033 |
) |
|
$ |
(3,272,033 |
) |
| Net income (loss) attributable to common stockholders |
|
|
(3,503,146 |
) |
|
|
(3,272,033 |
) |
|
|
(6,775,179 |
) |
| Net loss per share, basic and diluted |
|
$ |
(0.28 |
) |
|
$ |
(0.26 |
) |
|
$ |
(0.54 |
) |
| CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY |
|
July 31, 2023
As Reported |
|
|
Adjustment |
|
|
July 31, 2023
As Restated |
|
| Preferred Stock (Amount) |
|
$ |
16,753,075 |
|
|
$ |
3,272,033 |
|
|
$ |
20,025,108 |
|
| Additional paid-in capital |
|
|
202,230,646 |
|
|
|
(3,591,882 |
) |
|
|
198,638,764 |
|
| Accumulated deficit |
|
|
(119,461,919 |
) |
|
|
319,849 |
|
|
|
(119,142,070 |
) |
| Treasury stock |
|
|
(40,017,947 |
) |
|
|
(264,573 |
) |
|
|
(40,282,520 |
) |
| Total Stockholders' Equity Balance, July 31, 2023 |
|
|
42,730,395 |
|
|
|
(3,536,606 |
) |
|
|
39,193,789 |
|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
|
July 31, 2023
As Reported |
|
|
Adjustment |
|
|
July 31, 2023
As Restated |
|
| Supplemental disclosure of cash flows information |
|
|
|
|
|
|
|
|
|
|
|
|
| Accretion of discounts to redemption value of Series B Preferred Stock |
|
$ |
– |
|
|
$ |
3,272,033 |
|
|
$ |
3,272,033 |
|
|