COMMON STOCK TRANSACTIONS |
3 Months Ended |
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Jul. 31, 2023 | |
| Equity [Abstract] | |
| COMMON STOCK TRANSACTIONS |
NOTE 4 – COMMON STOCK TRANSACTIONS
A summary of the Company’s compensatory stock activity and related weighted average grant date fair value information for the three months ended July 31, 2023, and 2022 is as follows:
In January 2022, the Company awarded shares of common stock to the executive officers of the Company as part of their compensation agreements for 2022. During the three months ended July 31, 2023, and 2022, the Company recorded a non-cash compensation expense in the amount of $ and $, respectively. There were and unvested shares as of July 31, 2023, and 2022, respectively. Two of the executive officers terminated their services in October 2022 and pursuant to their separation agreements the shares were fully vested.
During the three months ended July 31, 2022, three non-employee members of the Board were issued shares of common stock pursuant to their Director Letter Agreements (“DLAs”) in respect of their service during that year. The shares were fully vested upon issuance. The Company recorded a non-cash expense of $ and $ for the three months ended July 31, 2023, and 2022, respectively. There were unvested shares remaining related to such DLAs as of July 31, 2023, and 2022, respectively.
All shares were issued without registration under the Securities Act of 1933 as amended (“Securities Act”) in reliance upon the exemption afforded by Section 4(a)(2) of the Securities Act.
There were shares granted, vested or expired during the three months ended July 31, 2023.
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