v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Apr. 30, 2026
Equity [Abstract]  
SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS

A summary of the changes in RSUs and DSUs outstanding during the years ended April 30, 2026 and 2025, is as follows:

 

   Restricted and Deferred
Stock Units
   Weighted
Average
Grant-Date
Fair Value
Per Share
 
Balance at April 30, 2024   433,475   $10.31 
Granted   160,913    7.62 
Vested and converted into common stock   (7,927)   9.34 
Balance at April 30, 2025   586,461   $9.60 
Granted   84,325    19.24 
Balance at April 30, 2026   670,786   $10.81 
SCHEDULE OF STOCK OPTION ACTIVITY

The following is a summary of the Company’s stock option activity during the years ended April 30, 2026 and 2025:

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2024   192,750   $5.54    3.44 
Granted   293,730    7.65    5.00 
Exercised            
Forfeited   (27,810)   6.06     
Cancelled            
Balance at April 30, 2025   458,670   $6.86    3.77 
Granted   109,588    19.24    5.00 
Exercised   (17,702)   6.61    3.42 
Forfeited            
Cancelled   (2,500)   7.52    4.79 
Balance at April 30, 2026   548,056   $9.34    3.16 
                
Options exercisable at end of year   406,195   $6.80      
Options expected to vest   141,861   $16.60      
Weighted average fair value of options granted during the year       $10.73      
SCHEDULE OF STOCK OPTION VALUATION ASSUMPTION

The Company used the Black-Scholes model to determine the fair value of stock options granted during the years ended April 30, 2026 and 2025. In applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:

 

   For the Year
Ended
April 30, 2026
   For the Year
Ended
April 30, 2025
 
Risk-free interest rate   3.83%   4.17% to 4.43%
Dividend yield   0.00%   0.00%
Expected volatility   62%   76% to 77%
Contractual and expected term (in years)   5.0    5.0 
Forfeiture rate   0.00%   0.00%
SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION

Stock-based expense for stock options were recorded in the following as reflected in the consolidated statements of operations:

 

   For the Year Ended
April 30, 2026
   For the Year Ended
April 30, 2025
 
Compensation and related taxes – general and administrative  $285,244   $485,528 
Professional and consulting fees   352,677    605,504 
Total  $637,921   $1,091,032 
SCHEDULE OF STOCK WARRANT ACTIVITY

The following is a summary of the Company’s stock warrant activity during the years ended April 30, 2026 and 2025:

 

   Number of Warrants   Weighted Average
Exercise
Price
   Weighted Average Remaining Contractual
Life
(Years)
 
             
Balance at April 30, 2024   4,179,262   $6.66    4.01 
Granted   728,850    9.50    10.00 
Exercised   (464,668)   5.01    3.02 
Forfeited            
Canceled            
Balance at April 30, 2025   4,443,444   $7.30    2.93 
Granted   961,079    23.00    2.00 
Exercised   (2,238,940)   6.86    1.64 
Forfeited            
Canceled            
Balance at April 30, 2026   3,165,583   $12.38    2.05 
Warrants exercisable at end of year   3,165,583   $12.38      
Weighted average fair value of warrants granted during the year       $23.00