Convertible Preferred Stock (Tables)

liquidation preference of $4,500,000 to the Series A. The Series A convertible preferred stock was issued subject to certain repurchase rights in favor of the Company.


	Series A
	Original Issue Price		Shares Authorized		Shares Issued and Outstanding		Net Carrying Value		Liquidation Preference of the Common Stock to Series A
April 30, 2022	$	0.001		10,000		10,000	$	10	$	4,500,000
April 30, 2021	$	0.001		10,000		10,000	$	10	$	4,500,000

Series B convertible preferred stock (“Series B”) was issued to employees and directors in 2015 and was subordinate to the common stock. As of April 30, 2022 and April 30, 2021, the common stock had a liquidation preference of $35,000,000 to the Series B. The Series B convertible preferred stock was issued subject to certain repurchase rights in favor of the Company.


	Series B
	Original Issue Price		Shares Authorized		Shares Issued and Outstanding		Net Carrying Value		Liquidation Preference of the Common Stock to Series B
April 30, 2022	$	0.001		10,000		10,000	$	10.00	$	35,000,000
April 30, 2021	$	0.001		10,000		10,000	$	10.00	$	35,000,000

Series C convertible preferred stock (“Series C”) which was issued to investors and has a liquidation preference to the common stock.


	Series C
	Original Issue Price		Shares Authorized		Shares Issued and Outstanding		Net Carrying Value		Liquidation Preference of the Series C to Common Stock
April 30, 2022	$	25		600,000		463,265	$	463	$	11,581,625
April 30, 2021	$	25		600,000		463,265	$	463	$	11,581,625