Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Oct. 31, 2023
Apr. 30, 2023
Current assets:    
Cash and cash equivalents $ 73,425,269 $ 68,039,936
Prepaid expenses and other current assets 323,189 107,681
Total current assets 73,748,458 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 78,877,766 73,276,925
Current liabilities:    
Accounts payable 126,163 128,281
Accrued expenses 1,018,155 458,300
Accrued Series B convertible preferred stock redemptions and dividends 4,095,271 0
Total current liabilities 5,239,589 586,581
Other liabilities:    
Warrant liability 11,504,000 0
Derivative liability 4,069,000 0
Total other liabilities 15,573,000 0
Total Liabilities 20,812,589 586,581
Commitments and Contingencies (Notes 6 and 8)
Stockholders' equity:    
Series A preferred stock: authorized 1 share, $0.0001 par value and 0 shares issued and outstanding as of October 31, 2023 and April 30, 2023 0 0
Common stock, authorized: 200,000,000 shares, $0.0001 par value; 21,672,078 shares issued and 8,699,992 shares outstanding as of October 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 193,590,781 202,230,583
Accumulated deficit (116,352,174) (115,958,773)
Treasury stock, at cost, 12,972,086 and 4,808,098 shares as of October 31, 2023 and April 30, 2023, respectively (40,449,123) (13,560,623)
Accumulated other comprehensive loss (24,143) (23,003)
Total stockholders' equity 36,767,508 72,690,344
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 78,877,766 73,276,925
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 21,297,669 0
Series A Preferred Stock [Member]    
Stockholders' equity:    
Series A preferred stock: authorized 1 share, $0.0001 par value and 0 shares issued and outstanding as of October 31, 2023 and April 30, 2023 $ 0 $ 0