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:
SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS
| |
|
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:
SCHEDULE OF STOCK OPTION ACTIVITY
| |
|
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:
SCHEDULE OF STOCK OPTION VALUATION ASSUMPTION
| |
|
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:
SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION
| |
|
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:
SCHEDULE OF STOCK WARRANT ACTIVITY
| |
|
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 |
|
|
|
|
|
|