Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jan. 31, 2024
Apr. 30, 2023
Current assets:    
Cash and cash equivalents $ 61,210,328 $ 68,039,936
Prepaid expenses and other current assets 297,762 107,681
Total current assets 61,508,090 68,147,617
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Convertible note receivable 2,012,000 0
Warrant asset 2,710,000 0
Other assets 7,688 7,688
Total other assets 9,851,308 5,129,308
Total Assets 71,359,398 73,276,925
Current liabilities:    
Accounts payable 484,198 128,281
Accrued expenses 774,439 458,300
Accrued Series B convertible preferred stock redemptions and dividends 6,280,102 0
Total current liabilities 7,538,739 586,581
Other liabilities:    
Warrant liability 11,494,000 0
Derivative liability 3,433,000 0
Total other liabilities 14,927,000 0
Total Liabilities 22,465,739 586,581
Commitments and Contingencies (Notes 7 and 9)
Stockholders' equity:    
Preferred stock value 0 0
Common stock, authorized: 200,000,000 shares, $0.0001 par value; 21,672,078 shares issued and 8,521,159 shares outstanding as of January 31, 2024 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 189,221,416 202,230,583
Accumulated deficit (116,971,711) (115,958,773)
Treasury stock, at cost, 13,150,919 and 4,808,098 shares as of January 31, 2024 and April 30, 2023, respectively (40,853,840) (13,560,623)
Accumulated other comprehensive loss (23,073) (23,003)
Total stockholders' equity 31,374,959 72,690,344
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity 71,359,398 73,276,925
Series B Preferred Stock [Member]    
Convertible Preferred Stock:    
Convertible preferred stock 17,518,700 0
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock value $ 0 $ 0