Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jul. 31, 2023
Apr. 30, 2023
Current assets:    
Cash and cash equivalents $ 74,662,527 $ 68,039,936
Prepaid expenses and other current assets 88,650 107,681
Total current assets 74,751,177 68,147,617
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,688 7,688
Total other assets 5,129,308 5,129,308
Total Assets 79,880,485 73,276,925
Current liabilities:    
Accounts payable 718,130 128,281
Accrued expenses 480,036 458,300
Dividends payable 319,849 0
Total current liabilities 1,518,015 586,581
Warrant liability 15,579,000 0
Derivative liability 3,300,000 0
Total Liabilities 20,397,015 586,581
Commitments and Contingencies (Notes 6 and 8)
Stockholders' equity:    
Common stock, authorized: 133,333,334 shares, $0.0001 par value; 21,672,078 shares issued and 8,778,101 shares outstanding as of July 31, 2023, and 21,602,078 shares issued and 16,793,980 shares outstanding as of April 30, 2023. 2,167 2,160
Additional paid-in capital 202,230,646 202,230,583
Accumulated deficit (119,461,919) (115,958,773)
Treasury stock, at cost, 12,893,977 and 4,808,098 shares as of July 31, 2023, and April 30, 2023, respectively. (40,017,947) (13,560,623)
Accumulated other comprehensive loss (22,552) (23,003)
Total stockholders' equity 42,730,395 72,690,344
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 79,880,485 73,276,925
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible redeemable preferred stock $ 16,753,075 $ 0