Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jan. 31, 2025
Apr. 30, 2024
Current assets:    
Cash and cash equivalents $ 16,383,460 $ 50,179,968
Marketable equity securities 372,632 0
Prepaid expenses and other current assets 207,362 259,800
Total current assets 16,963,454 50,439,768
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock and warrants – TNF 18,630,000 0
Convertible note receivable – Femasys 3,356,000 2,755,000
Warrant asset – Femasys 3,322,000 5,152,000
Other asset 7,688 7,688
Total other assets 26,865,115 9,464,115
Total Assets 43,828,569 59,903,883
Current liabilities:    
Accounts payable 484,948 389,369
Accrued expenses 709,436 735,199
Accrued Series B convertible preferred stock redemption and dividends 0 6,296,696
Total current liabilities 1,194,384 7,421,264
Other liabilities:    
Warrant liability 2,384,000 10,784,000
Derivative liability 0 2,184,000
Total other liabilities 2,384,000 12,968,000
Total Liabilities 3,578,384 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 21,672,095, shares outstanding 6,904,894 as of January 31, 2025, and shares issued 21,672,078, shares outstanding 8,037,624 as of April 30, 2024 2,167 2,167
Additional paid-in capital 181,425,703 185,334,173
Accumulated deficit (96,718,543) (115,625,010)
Treasury stock, at cost, 14,767,201 and 13,634,454 shares as of January 31, 2025, and April 30, 2024, respectively (44,434,656) (42,040,216)
Accumulated other comprehensive loss (24,486) (23,511)
Total stockholders' equity 40,250,185 27,647,603
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 43,828,569 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