Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Oct. 31, 2024
Apr. 30, 2024
Current assets:    
Cash and cash equivalents $ 20,840,056 $ 50,179,968
Prepaid expenses and other current assets 493,213 259,800
Total current assets 21,333,269 50,439,768
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock – TNF 24,855,000 0
Convertible note receivable – Femasys 3,435,000 2,755,000
Warrant asset – Femasys 3,918,000 5,152,000
Other asset 7,688 7,688
Total other assets 33,765,115 9,464,115
Total Assets 55,098,384 59,903,883
Current liabilities:    
Accounts payable 348,595 389,369
Accrued expenses 707,185 735,199
Accrued Series B convertible preferred stock redemption and dividends 3,720,458 6,296,696
Total current liabilities 4,776,238 7,421,264
Other liabilities:    
Warrant liability 6,871,000 10,784,000
Derivative liability 0 2,184,000
Total other liabilities 6,871,000 12,968,000
Total Liabilities 11,647,238 20,389,264
Commitments and Contingencies (Notes 6 and 8)  
Stockholders' equity:    
Preferred stock value 0 0
Common stock: authorized 200,000,000 shares, $0.0001 par value; shares issued 21,672,095, shares outstanding 7,034,259 as of October 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 181,352,842 185,334,173
Accumulated deficit (93,673,215) (115,625,010)
Treasury stock, at cost, 14,637,836 and 13,634,454 shares as of October 31, 2024, and April 30, 2024, respectively (44,207,381) (42,040,216)
Accumulated other comprehensive loss (23,267) (23,511)
Total stockholders' equity 43,451,146 27,647,603
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 55,098,384 59,903,883
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 0 11,867,016
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 0 $ 0