Definitive proxy statements

Pay vs Performance Disclosure

v3.25.0.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Year   Summary Compensation Table Total for PEO     Compensation Actually Paid to PEO     Average Summary Compensation Table Total for Non-PEO NEOs     Average Compensation Actually Paid to Non-PEO NEOs     Value of Initial Fixed $100 Investment Based on Total Shareholder Return(1)     Net Income  
(a)   (b)     (c)     (d)     (e)     (f)     (g)  
2024   $ 300,000     $ 262,801     $ 230,000     $ 224,346     $ 38.00     $ (6,897,483 )
2023   $ 349,650     $ 206,651     $ 279,650     $ 250,376     $ 39.18     $ (7,614,204 )
2022   $ 724,750     $ 112,843     $ 375,758     $ 335,253     $ 51.36     $ (13,930,882 )
   
Named Executive Officers, Footnote [Text Block]

 

2. George Bee was the Company’s PEO for all of 2022, 2023 and 2024. The following table contains a reconciliation of the amounts reflected in the Summary Compensation Table for Mr. Bee for each year covered in the pay for performance table above (as reported in column (b), above) as compared to the Compensation Actually Paid to Mr. Bee for each such covered year (as reported in column (c), above).

 

 

    2022     2023     2024  
Summary Compensation Table total for Mr. Bee for the covered year   $ 724,750     $ 349,650     $ 300,000  
                         
Less Stock awards as reported in the Summary Compensation Table for the covered year   $ (248,375 )   $ (49,650 )     -  
                         
Plus Fair value of stock awards granted during the covered fiscal year that are outstanding and unvested as of the end of that covered fiscal year   $ 41,094       -       -  
                         
Plus (Minus) Change in fair value as of the end of the covered fiscal year of stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year   $ (535,000 )   $ (77,751 )   $ (1,872 )
                         
Plus Fair value of stock awards that are granted and vest in the covered fiscal year   $ 194,374     $ 49,650       -  
                         
Plus Change in fair value as of the vesting date of any stock awards granted in a prior fiscal year that vest during the covered fiscal year   $ (64,000 )   $ (65,248 )   $ (35,327 )
                         
Less Fair value as of the end of the prior fiscal year of all stock awards forfeited during the covered fiscal year     -       -       -  
                         
Plus The dollar value of all dividends or dividend equivalent amounts paid on awards in the covered fiscal year     -       -       -  
Compensation Actually Paid to Mr. Bee for the covered year   $ 112,843     $ 206,651     $ 262,801  
   
Summary Compensation Table total for Mr. Bee for the covered year $ 300,000 $ 349,650 $ 724,750
Compensation Actually Paid to Mr. Bee for the covered year $ 262,801 206,651 112,843
Adjustment To PEO Compensation, Footnote [Text Block]

 

    2022     2023     2024  
Summary Compensation Table total for Mr. Bee for the covered year   $ 724,750     $ 349,650     $ 300,000  
                         
Less Stock awards as reported in the Summary Compensation Table for the covered year   $ (248,375 )   $ (49,650 )     -  
                         
Plus Fair value of stock awards granted during the covered fiscal year that are outstanding and unvested as of the end of that covered fiscal year   $ 41,094       -       -  
                         
Plus (Minus) Change in fair value as of the end of the covered fiscal year of stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year   $ (535,000 )   $ (77,751 )   $ (1,872 )
                         
Plus Fair value of stock awards that are granted and vest in the covered fiscal year   $ 194,374     $ 49,650       -  
                         
Plus Change in fair value as of the vesting date of any stock awards granted in a prior fiscal year that vest during the covered fiscal year   $ (64,000 )   $ (65,248 )   $ (35,327 )
                         
Less Fair value as of the end of the prior fiscal year of all stock awards forfeited during the covered fiscal year     -       -       -  
                         
Plus The dollar value of all dividends or dividend equivalent amounts paid on awards in the covered fiscal year     -       -       -  
Compensation Actually Paid to Mr. Bee for the covered year   $ 112,843     $ 206,651     $ 262,801  
   
Average of Summary Compensation Table Total for non-PEOs named executive officers $ 230,000 279,650 375,758
Average Compensation Actually Paid to the non-PEOs named executive officers for the covered year $ 224,346 250,376 335,253
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

    2022     2023     2024  
Average of Summary Compensation Table Total for non-PEOs named executive officers   $ 450,758     $ 279,650     $ 230,000  
Less Average of stock awards as reported in the Summary Compensation Table for the covered year   $ (173,250 )   $ (49,650 )     -  
Plus Average of fair value of stock awards granted during the covered fiscal year that are outstanding and unvested as of the end of that covered fiscal year   $ 33,016       -       -  
Plus (Minus) Average of the change in fair value as of the end of the covered fiscal year of stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year   $ (66,875 )   $ (16,975 )   $ (852 )
Plus Average of fair value of stock awards that are granted and vest in the covered fiscal year   $ 99,604     $ 49,650       -  
Plus Average of change in fair value as of the vesting date of any stock awards granted in a prior fiscal year that vest during the covered fiscal year   $ (8,000 )   $ (12,299 )   $ (4,802 )
Less Average of the fair value as of the end of the prior fiscal year of all stock awards forfeited during the covered fiscal year     -       -       -  
Plus The dollar value of all dividends or dividend equivalent amounts paid on awards in the covered fiscal year     -       -       -  
Average Compensation Actually Paid to the non-PEOs named executive officers for the covered year   $ 335,253     $ 250,376     $ 224,346  
   
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative TSR

 

The following chart reflects the relationship between the amount of “compensation actually paid” to Mr. Bee and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Bee), and the Company’s cumulative TSR over the three years presented in the table. The Company does not use TSR as a performance measure in the overall executive compensation program.

 

 

    
Compensation Actually Paid vs. Net Income

Compensation Actually Paid and GAAP Net Income

 

The following chart reflects the relationship between the amount of “compensation actually paid” to Mr. Bee and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Bee), and the Company’s net income as reported under US GAAP, over the three years presented in the table. The Company does not use net income as a performance measure in the overall executive compensation program.

 

    
Total Shareholder Return Amount [1] $ 38.00 39.18 51.36
Net Income (Loss) Attributable to Parent $ (6,897,483) $ (7,614,204) $ (13,930,882)
PEO Name George Bee George Bee George Bee
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Summary Compensation Table total for Mr. Bee for the covered year $ 300,000 $ 349,650 $ 724,750
Compensation Actually Paid to Mr. Bee for the covered year 262,801 206,651 112,843
PEO [Member] | Less Stock Awards as Reported in the Summary Compensation Table for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (49,650) (248,375)
PEO [Member] | Plus Fair Value of Stock Awards Granted During the Covered Fiscal Year that are Outstanding and Unvested as of the End of that Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 41,094
PEO [Member] | Plus (Minus) Change in Fair Value as of the End of the Covered Fiscal Year of Stock Awards Granted in Any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,872) (77,751) (535,000)
PEO [Member] | Plus Fair Value of Stock Awards that are Granted and Vest in the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 49,650 194,374
PEO [Member] | Plus Change in Fair Value as of the Vesting Date of Any Stock Awards Granted in a Prior Fiscal Year that Vest During the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (35,327) (65,248) (64,000)
PEO [Member] | Less Fair Value as of the End of the Prior Fiscal Year of All Stock Awards Forfeited During the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
PEO [Member] | Plus the dollar value of all Dividends or Dividend Equivalent Amounts Paid on Awards in the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Average of Summary Compensation Table Total for non-PEOs named executive officers 230,000 279,650 450,758
Average Compensation Actually Paid to the non-PEOs named executive officers for the covered year 224,346 250,376 335,253
Non-PEO NEO [Member] | Plus the dollar value of all Dividends or Dividend Equivalent Amounts Paid on Awards in the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Non-PEO NEO [Member] | Less Average of Stock Awards as Reported in the Summary Compensation Table for the Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (49,650) (173,250)
Non-PEO NEO [Member] | Plus Average of Fair Value of Stock Awards Granted During the Covered Fiscal Year that are Outstanding and Unvested as of the End of that Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 33,016
Non-PEO NEO [Member] | Plus (Minus) Average of the Change in Fair Value as of the End of the Covered Fiscal Year of Stock Awards Granted in any Prior Fiscal Year that are Outstanding and Unvested as of the End of the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (852) (16,975) (66,875)
Non-PEO NEO [Member] | Plus Average of Fair Value of Stock Awards that are Granted and Vest in the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 49,650 99,604
Non-PEO NEO [Member] | Plus Average of Change in Fair Value as of the Vesting Date of Any Stock Awards Granted in a Prior Fiscal Year that Vest During the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (4,802) (12,299) (8,000)
Non-PEO NEO [Member] | Less Average of the Fair Value as of the End of the Prior Fiscal Year of All Stock Awards Forfeited during the Covered Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
[1] Total Shareholder Return (“TSR”) represents the value as of the end of each relevant fiscal year of a hypothetical $100 investment in the Company’s common stock on April 30, 2021, assuming dividend reinvestment.