Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2025
Apr. 30, 2025
Current assets:    
Cash and cash equivalents $ 13,178,305 $ 15,172,163
Marketable equity securities 261,853 366,316
Warrant asset – TNF - current 820,000 2,917,000
Convertible Note receivable – Femasys - current 4,608,000 3,696,000
Prepaid expenses and other current assets 238,180 223,759
Total current assets 19,106,338 22,375,238
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock – TNF 19,635,000 22,474,000
Warrant asset – TNF - non current 2,966,000 5,701,000
Warrant asset – Femasys 1,846,000 3,061,000
Other assets 7,688 7,688
Total other assets 26,004,115 32,793,115
Total Assets 45,110,453 55,168,353
Current liabilities:    
Accounts payable 465,209 399,204
Accrued expenses 595,656 2,515,080
Total current liabilities 1,060,865 2,914,284
Other liabilities:    
Long-term portion of accrued expenses 0 25,000
Warrant liabilities 458,000 338,000
Total other liabilities 458,000 363,000
Total Liabilities 1,518,865 3,277,284
Commitments and Contingencies (Note 8)
Stockholders' equity:    
Common stock: authorized 200,000,000 shares, $0.0001 par value; 21,672,095 shares issued and 6,795,779 shares outstanding as of July 31, 2025 and April 30, 2025, respectively. 2,167 2,167
Additional paid-in capital 181,550,139 181,489,647
Accumulated deficit (93,329,056) (84,968,960)
Treasury stock, at cost, 14,876,316 shares as of July 31, 2025, and April 30, 2025, respectively (44,607,916) (44,607,916)
Accumulated other comprehensive loss (23,746) (23,869)
Total stockholders' equity 43,591,588 51,891,069
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 45,110,453 55,168,353
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 0 0
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 0 $ 0