Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2025
Apr. 30, 2025
Current assets:    
Cash and cash equivalents $ 15,406,017 $ 15,172,163
Marketable equity securities 201,190 366,316
Warrant asset – QCLS - current 1,912,000 2,917,000
Convertible Note receivable – Femasys - current 5,000,000 3,696,000
Prepaid expenses and other current assets 503,147 223,759
Total current assets 23,022,354 22,375,238
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock – QCLS 20,747,000 22,474,000
Warrant asset – QCLS - non current 9,530,000 5,701,000
Warrant asset – Femasys 1,120,000 3,061,000
Other assets 7,688 7,688
Total other assets 32,954,115 32,793,115
Total Assets 55,976,469 55,168,353
Current liabilities:    
Accounts payable 1,021,339 399,204
Accrued expenses 520,656 2,515,080
Accrued Series C dividends 35,389 0
Total current liabilities 1,577,384 2,914,284
Other liabilities:    
Long-term portion of accrued expenses 0 25,000
Warrant liabilities 16,152,000 338,000
Derivative liabilities 1,693,000 0
Total other liabilities 17,845,000 363,000
Total Liabilities 19,422,384 3,277,284
Commitments and Contingencies (Note 8)  
Temporary Equity:    
Contingently redeemable warrants 417,000 0
Total temporary equity 1,318,996 0
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 October 31, 2025 and April 30, 2025, respectively. 2,167 2,167
Additional paid-in capital 180,611,996 181,489,647
Accumulated deficit (100,747,031) (84,968,960)
Treasury stock, at cost, 14,876,316 shares as of October 31, 2025, and April 30, 2025, respectively (44,607,916) (44,607,916)
Accumulated other comprehensive loss (24,127) (23,869)
Total stockholders’ equity 35,235,089 51,891,069
Total Liabilities, Temporary Equity and Stockholders’ Equity 55,976,469 55,168,353
Series B Preferred Stock [Member]    
Temporary Equity:    
Convertible preferred stock 0 0
Series C Preferred Stock [Member]    
Temporary Equity:    
Convertible preferred stock 901,996 0
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value $ 0 $ 0