v3.25.3
CAPITAL STOCK (Table)
3 Months Ended
Jul. 31, 2025
CAPITAL STOCK  
Schedule of Equity Compensation Plans

Plan category

 

Number of

securities to

be issued

upon exercise

of outstanding

options,

warrants and

rights

 

 

Weighted average

exercise price

of outstanding

options,

warrants and

rights

 

 

Number of

 securities

remaining available

for future issuance

under equity

compensation plans (1)

 

Equity compensation plans approved by security holders

 

 

 

 

 

 

 

1,867,122

common

 

 

 

 

-

 

 

 

N/A

 

 

shares

 

 

 

(1)

On April 4, 2023, the Company issued 332,878 shares of immediately vested common stock to employees and consultants under the 2023 Equity Incentive Plan. The market value of the shares on the grant date was $0.162 per share, resulting in a $53,892.96 expense and 1,867,122 remaining shares issuable under the plan. No options or warrants were issued in connection with these common shares.

Schedule of Activity of Warrants Exercisable for Shares of Common Stock

 

 

 Number of

Shares

 

 

 Weighted- Average

Exercise

 Price

 

Balances as of April 30, 2024

 

 

168,000

 

 

$1.25

 

Granted

 

 

-

 

 

 

-

 

Redeemed

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Balances as of April 30, 2025

 

 

168,000

 

 

$1.25

 

Granted

 

 

-

 

 

 

-

 

Redeemed

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Balances as of July 31, 2025

 

 

168,000

 

 

$1.25

 

Schedule of Fair Value of Warrants

 

 

Year Ended

 

 

 

April 30,

 

 

 

2022

 

Exercise price

 

$

1.25

 

Expected term

 

5 years

 

Expected average volatility

 

555%-591

%

Expected dividend yield

 

 

-

 

Risk-free interest rate

 

0.41%-0.43

%

Schedule of Outstanding and Exercisable Warrants

Warrants Outstanding

 

 

Warrants Exercisable

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Number

 

 

Remaining Contractual

 

 

Weighted Average

 

 

Number

 

 

Weighted Average

 

of Shares

 

 

life (in years)

 

 

Exercise Price

 

 

of Shares

 

 

Exercise Price

 

 

168,000

 

 

 

-

 

 

$

1.25

 

 

 

-

 

 

$

-