INVESTMENT IN DEBT AND EQUITY SECURITIES (Tables)
|
12 Months Ended |
Apr. 30, 2026 |
|---|
| Schedule of activity for the notes and warrants |
| Schedule of activity for the notes and warrants |
|
|
|
| Balance of Note as of April 30, 2024 |
|
$ |
2,755,000 |
|
| Change in fair value |
|
|
941,000 |
|
| Balance of Note as of April 30, 2025 |
|
|
3,696,000 |
|
| Change in fair value |
|
|
1,304,000 |
|
| Settlement of note |
|
|
(5,000,000 |
) |
| Balance of Note as of April 30, 2026 |
|
$ |
– |
|
| |
|
|
|
|
| Balance of Warrants as of April 30, 2024 |
|
$ |
5,152,000 |
|
| Change in fair value, includes expiration of Series B Warrants of $1,376,000
|
|
|
(2,091,000 |
) |
| Balance of Warrants as of April 30, 2025 |
|
|
3,061,000 |
|
| Change in fair value |
|
|
(2,581,000 |
) |
| Balance of Warrants as of April 30, 2026 |
|
$ |
480,000 |
|
|
| Schedule of marketable equity securities |
| Schedule of marketable equity securities |
|
|
|
|
| Balance of securities as of April 30, 2024 |
|
$ |
– |
|
| Interest paid in shares |
|
|
300,000 |
|
| Change in fair market value – unrealized gain (loss) |
|
|
66,316 |
|
| Carrying value of securities as of April 30, 2025 |
|
|
366,316 |
|
| Interest paid in shares |
|
|
300,000 |
|
| Change in fair market value – unrealized gain (loss) |
|
|
(412,306 |
) |
| Carrying value of securities as of April 30, 2026 |
|
$ |
254,010 |
|
|
| Schedule of activity for series H preferred stock and warrants |
| Schedule of activity for series
G preferred stock and warrants |
|
|
|
| Balance of Series G Preferred Stock as of April 30, 2024 |
|
$ |
– |
|
| Purchased |
|
|
17,410,050 |
|
| Change in fair value |
|
|
5,063,950 |
|
| Balance of Series G Preferred Stock as of April 30, 2025 |
|
|
22,474,000 |
|
| Change in fair value |
|
|
(8,708,000 |
) |
| Balance of Series G Preferred Stock as of April 30, 2026 |
|
$ |
13,766,000 |
|
Below is a summary of activity for the QCLS Series
G Warrants during the years ended April 30, 2026 and 2025:
| |
|
|
|
| Balance of Warrant assets as of April 30, 2024 |
|
$ |
– |
|
| Purchased |
|
|
10,985,684 |
|
| Change in fair value |
|
|
(2,367,684 |
) |
| Balance of Warrant assets as of April 30, 2025 |
|
|
8,618,000 |
|
| Change in fair value includes expiration of short-term warrants of $2,917,000
|
|
|
(2,602,000 |
) |
| Balance of Warrant assets as of April 30, 2026 |
|
$ |
6,016,000 |
|
|
| Series H Preferred Stock [Member] |
|
| Schedule of activity for series H preferred stock and warrants |
| Schedule of activity for series H
preferred stock and warrants |
|
|
|
| Balance of Series H Preferred Stock as of April 30, 2025 |
|
$ |
– |
|
| Initial fair value of investment Series H Preferred Shares |
|
|
3,483,000 |
|
| Change in fair value |
|
|
976,000 |
|
| Balance of Series H Preferred Stock as of April 30, 2026 |
|
$ |
4,459,000 |
|
Below is a summary of activity for the QCLS Series
H Warrants during the year ended April 30, 2026:
| |
|
|
|
| Balance of QCLS Series H Warrant assets as of April 30, 2025 |
|
$ |
– |
|
| Initial fair value of investment in of QCLS Series H Warrants |
|
|
1,606,000 |
|
| Change in fair value |
|
|
1,223,000 |
|
| Balance of QCLS Series H Warrant assets as of April 30, 2026 |
|
$ |
2,829,000 |
|
|