Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES (Tables)

v3.25.2
INCOME TAXES (Tables)
12 Months Ended
Apr. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets and liabilities
           
    April 30,  
    2025     2024  
Deferred tax assets:            
Net operating loss carryforwards   $ 15,026,112     $ 14,437,888  
Stock compensation     523,822       494,130  
Research and development     216,831       160,452  
Investment in SG Austria     439,953       469,139  
Intangible asset (diabetes license)     559,672       596,800  
Other - deferred tax asset     147,798       77,622  
Total deferred tax assets     16,914,188       16,236,031  
                 
Deferred tax liabilities:                
Fair value of derivative liability           (174,862 )
Fair value of convertible note receivable     (568,067 )     (324,958 )
Fair value of warrant asset     (228,906 )     (542,491 )
Fair value of investment in TNF     (754,512 )      
Other - deferred tax liability     (140,985 )      
Total deferred tax liabilities     (1,692,470 )     (1,042,311 )
                 
Total deferred tax assets     15,221,718       15,193,720  
Valuation allowance     (15,221,718 )     (15,193,720 )
Net deferred tax assets   $     $  
Schedule of provision for income taxes
           
    Years Ended April 30,  
    2025     2024  
Federal benefit at statutory rate   $ 6,437,771     $ 70,090  
State income taxes, net of Federal taxes     2,139,792       29,505  
Fair value of warrant liability     (2,922,791 )     (997,551 )
Gain on related party investment     (5,986,526 )      
Fair value of derivative liability     (611,083 )      
Redemption of derivative liability     (174,862 )      
Expiration of warrant asset – Series B     (79,743 )      
State deferred tax adjustment     572,607        
Legal settlement     131,226        
Provision related to change in valuation allowance     27,998       (1,035,621 )
Fair value of warrant asset – Series B     385,005        
Expired stock options     78,384       76,864  
Net valuation allowance for state NOLs     (6,748 )     1,797,207  
Other, net     8,970     59,506  
Provision for income taxes   $     $