| Stock-Based Compensation Plans |
Note
10 – Stock-Based Compensation Plans
In
addition to cash payments, the Company enters agreements to issue common stock and records the applicable non-cash expense in accordance
with the authoritative guidance of the Financial Accounting Standards Board.
For
the three and nine months ended January 31, 2026, stock-based compensation expense amounted to $368,523 and $1,023,967, respectively.
For the three and nine months ended January 31, 2025, stock-based compensation expense amounted to $139,371 and $418,113, respectively.
The
table below presents the components of compensation expense for the issuance of shares of common stock and stock options to employees
and consultants for the three- and nine-month periods ended January 31, 2026 and 2025.
Schedule of Stock-based Compensation Expense
| Stock-based
compensation expense | |
Three
Months
Ended
Jan. 31, 2026 | | |
Three
Months
Ended
Jan. 31, 2025 | | |
Nine
Months
Ended
Jan. 31, 2026 | | |
Nine
Months
Ended
Jan. 31, 2025 | |
| Former
Chief Executive Officer (1) | |
$ | 291,645 | | |
$ | 62,493 | | |
$ | 604,982 | | |
$ | 187,479 | |
| Chief
Financial Officer | |
| 14,914 | | |
| 14,914 | | |
| 233,093 | | |
| 44,742 | |
| Chief
Executive Officer, Advisors | |
| 1,575 | | |
| 1,575 | | |
| 4,726 | | |
| 4,726 | |
| Founder | |
| 14,914 | | |
| 14,914 | | |
| 44,742 | | |
| 44,742 | |
| Employee
and consultant options | |
| 45,475 | | |
| 45,475 | | |
| 136,424 | | |
| 136,424 | |
| Total
stock-based compensation expense | |
$ | 368,523 | | |
$ | 139,371 | | |
$ | 1,023,967 | | |
$ | 418,113 | |
| |
(1) |
Mr. Kay resigned as an
officer and director on December 3, 2025. |
|