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

FAIR VALUE MEASUREMENTS (Tables)

v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial liabilities
               
Description   Level   April 30, 2026     April 30, 2025  
Liabilities:                    
Warrant liability   3   $ 10,068,000     $ 338,000  
Bifurcated embedded derivative   3   $ 878,000     $  
Schedule of change in the fair value warrant liability
     
    April 30, 2026  
Balance on April 30, 2024   $ 10,784,000  
Change in fair value of warrant liability     (10,446,000 )
Balance on April 30, 2025     338,000  
Issuance of warrants     5,583,000  
Exercise of warrants     (599,135 )
Change in fair value of warrant liability     4,746,135  
Balance on April 30, 2026   $ 10,068,000  

 

The following table sets forth a summary of the change in the fair value of the bifurcated embedded derivative liability that is measured on a recurring basis: 

       
    April 30, 2026  
Balance on April 30, 2024   $ 2,184,000  
Issuance of convertible preferred stock with bifurcated embedded derivative liability      
Change in fair value of bifurcated embedded derivative     (2,184,000 )
Balance on April 30, 2025      
Issuance of convertible preferred stock with bifurcated embedded derivative liability     1,995,000  
Change in fair value of bifurcated embedded derivative     (1,117,000 )
Balance on April 30, 2026   $ 878,000  
Schedule of fair values of financial instruments by class
               
    Level   April 30, 2026     April 30, 2025  
Financial Assets                    
Marketable equity securities   1   $ 254,010     $ 366,316  
Money market account   1   $ 2,100,703     $ 76,287  
Convertible note receivable – investment in debt security - Femasys   3   $     $ 3,696,000  
Warrant asset - Femasys   3   $ 480,000     $ 3,061,000  
Investment in preferred stock - QCLS   3   $ 18,225,000     $ 22,474,000  
Warrant asset - QCLS   3   $ 8,845,000     $ 8,618,000