Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.23.3
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Oct. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of liabilities measured at fair value on a recurring basis
                       
Description   Level     October 31, 2023     April 30, 2023  
Liabilities:                        
Warrant liability (Note 5)     3     $ 11,504,000     $  
Bifurcated embedded derivative (Note 11)     3     $ 4,069,000     $  
Schedule of change in the fair value of the warrant liability
     
    October 31, 2023  
Balance on April 30, 2023   $  
Issuance of warrants     14,127,000  
Change in fair value of warrant liability     (2,623,000 )
Balance on October 31, 2023   $ 11,504,000  

 

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:

 

    October 31, 2023  
Balance on April 30, 2023   $  
Issuance of convertible preferred stock with bifurcated embedded derivative liability     2,770,000  
Change in fair value of bifurcated embedded derivative     1,299,000  
Balance on October 31, 2023   $ 4,069,000