Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 31, 2026
Apr. 30, 2025
Current assets:    
Cash and cash equivalents $ 20,165,535 $ 15,172,163
Marketable equity securities 372,251 366,316
Warrant asset – QCLS - current 0 2,917,000
Convertible Note receivable – Femasys - current 0 3,696,000
Prepaid expenses and other current assets 158,664 223,759
Total current assets 20,696,450 22,375,238
Other assets:    
Intangible asset 1,549,427 1,549,427
Investment in preferred stock – QCLS 22,472,000 22,474,000
Warrant asset – QCLS – non current 10,242,000 5,701,000
Warrant asset – Femasys 906,000 3,061,000
Other assets 7,688 7,688
Total other assets 35,177,115 32,793,115
Total Assets 55,873,565 55,168,353
Current liabilities:    
Accounts payable 1,200,082 399,204
Accrued expenses 445,656 2,515,080
Accrued Series C dividends 32,491 0
Total current liabilities 1,678,229 2,914,284
Other liabilities:    
Long-term portion of accrued expenses 0 25,000
Warrant liabilities 13,657,000 338,000
Derivative liabilities 1,136,000 0
Total other liabilities 14,793,000 363,000
Total Liabilities 16,471,229 3,277,284
Commitments and Contingencies (Note 8)  
Temporary Equity:    
Contingently redeemable warrants 417,000 0
Total temporary equity 1,289,323 0
Stockholders’ equity:    
Common stock: authorized 200,000,000 shares, $0.0001 par value; 26,005,715 and 21,672,095 shares issued and 10,735,649 and 6,795,779 shares outstanding as of January 31, 2026 and April 30, 2025, respectively. 2,602 2,167
Additional paid-in capital 183,141,663 181,489,647
Accumulated deficit (100,000,171) (84,968,960)
Treasury stock, at cost, 15,270,066 and 14,876,316 shares as of January 31, 2026, and April 30, 2025, respectively. (45,009,541) (44,607,916)
Accumulated other comprehensive loss (21,540) (23,869)
Total stockholders’ equity 38,113,013 51,891,069
Total Liabilities, Temporary Equity and Stockholders’ Equity 55,873,565 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 872,323 0
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value $ 0 $ 0