v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2026
Apr. 30, 2026
Current assets:    
Cash and cash equivalents $ 17,738,991 $ 18,603,899
Marketable equity securities 99,462 254,010
Dividends receivable 429,150 240,766
Investment in preferred stock - QCLS - current 12,675,000 18,225,000
Prepaid expenses and other current assets 32,004 96,879
Total current assets 30,974,607 37,420,554
Other assets:    
Warrant asset – QCLS – non current 5,664,000 8,845,000
Warrant asset – Femasys 66,000 480,000
Other assets 7,688 7,688
Total other assets 5,737,688 9,332,688
Total Assets 36,712,295 46,753,242
Current liabilities:    
Accounts payable 390,535 271,102
Accrued expenses 345,656 522,831
Accrued Series C dividends 32,491 32,491
Total current liabilities 768,682 826,424
Other liabilities:    
Warrant liabilities 5,847,000 10,068,000
Derivative liabilities 281,000 878,000
Total other liabilities 6,128,000 10,946,000
Total Liabilities 6,896,682 11,772,424
Commitments and Contingencies (Note 8)  
Temporary Equity:    
Contingently redeemable warrants 417,000 417,000
Total temporary equity 2,307,109 1,685,892
Stockholders’ equity:    
Common stock: authorized 200,000,000 shares, $0.0001 par value; 26,005,715 shares issued and 10,735,649 shares outstanding as of July 31, 2026 and April 30, 2026, respectively 2,602 2,602
Additional paid-in capital 182,011,659 182,716,275
Accumulated deficit (109,474,805) (104,393,614)
Treasury stock, at cost, 15,270,066 shares as of July 31, 2026, and April 30, 2026, respectively (45,009,541) (45,009,541)
Accumulated other comprehensive loss (21,411) (20,796)
Total stockholders’ equity 27,508,504 33,294,926
Total Liabilities, Temporary Equity and Stockholders’ Equity 36,712,295 46,753,242
Series C Preferred Stock [Member]    
Temporary Equity:    
Convertible preferred stock 1,890,109 1,268,892
Series A Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock value $ 0 $ 0