v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial liabilities
           
Description  Level  April 30, 2026   April 30, 2025 
Liabilities:             
Warrant liability  3  $10,068,000   $338,000 
Bifurcated embedded derivative  3  $878,000   $ 
Schedule of change in the fair value warrant liability
    
   April 30, 2026 
Balance on April 30, 2024  $10,784,000 
Change in fair value of warrant liability   (10,446,000)
Balance on April 30, 2025   338,000 
Issuance of warrants   5,583,000 
Exercise of warrants   (599,135)
Change in fair value of warrant liability   4,746,135 
Balance on April 30, 2026  $10,068,000 

 

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: 

     
   April 30, 2026 
Balance on April 30, 2024  $2,184,000 
Issuance of convertible preferred stock with bifurcated embedded derivative liability    
Change in fair value of bifurcated embedded derivative   (2,184,000)
Balance on April 30, 2025    
Issuance of convertible preferred stock with bifurcated embedded derivative liability   1,995,000 
Change in fair value of bifurcated embedded derivative   (1,117,000)
Balance on April 30, 2026  $878,000 
Schedule of fair values of financial instruments by class
           
   Level  April 30, 2026   April 30, 2025 
Financial Assets             
Marketable equity securities  1  $254,010   $366,316 
Money market account  1  $2,100,703   $76,287 
Convertible note receivable – investment in debt security - Femasys  3  $   $3,696,000 
Warrant asset - Femasys  3  $480,000   $3,061,000 
Investment in preferred stock - QCLS  3  $18,225,000   $22,474,000 
Warrant asset - QCLS  3  $8,845,000   $8,618,000