| Summary of Common Stock |
During the nine months ended January 31, 2023, the Company issued 5,025,917 shares of Common Stock, as set forth in the below table:
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|
|
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| |
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|
|
Issuance of Common Stock in IPO |
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|
1,500,000 |
|
Conversion of $1.5M notes to Common Stock (see Note 4) |
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|
909,071 |
|
Conversion of Bridge Notes and accrued interest to Common Stock (see Note 4) |
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|
1,544,114 |
|
Conversion of Series A Preferred Stock to Common Stock |
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|
703,290 |
|
Conversion of Series C Preferred Stock to Common Stock |
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|
230,086 |
|
Exercise of pre-funded warrants |
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|
139,356 |
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|
|
|
|
|
Common Stock issued during the nine months ended January 31, 2023 |
|
|
5,025,917 |
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|
|
|
|
Summary table of Common Stock share transactions: |
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Balance at April 30, 2022 |
|
|
3,323,942 |
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|
|
|
5,025,917 |
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|
|
|
|
Balance at January 31, 2023 |
|
|
8,349,859 |
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|
|
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|
|
|
| Summary of Warrant Activity |
The following is a summary of warrant activity during the nine months ended January 31, 2023:
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| |
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Warrants Outstanding and Exercisable |
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|
|
|
Weighted Average Strike Price per Share |
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|
|
|
1,442,401 |
|
|
$ |
3.47- |
|
|
$ |
9.00 |
|
|
|
|
3,652,826 |
|
|
$ $ |
0.0001- 4.25 |
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|
$ |
4.09 |
|
|
|
|
(139,356 |
) |
|
$ |
0.0001 |
|
|
$ |
0.0001 |
|
|
|
|
(1,365,960 |
) |
|
$ |
5.16 |
|
|
$ |
5.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 31, 2023 |
|
|
3,589,911 |
|
|
$ $ |
0.0001- 15.18 |
|
|
$ |
4.32 |
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|
A summary of the outstanding warrants as of April 30, 2022 and 2021 and underlying assumptions used in the Black Scholes option-pricing model is as follows:
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| |
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Warrants Outstanding and Exercisable |
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|
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|
Weighted Average Strike Price per Share |
|
|
|
|
662,361 |
|
|
$ |
3.47-$49.50 |
|
|
$ |
18.39 |
|
|
|
|
13,992 |
|
|
$ |
8.25 |
|
|
$ |
8.25 |
|
|
|
|
(8,613 |
) |
|
$ |
12.21 |
|
|
$ |
12.21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
667,740 |
|
|
$ |
3.47-$49.50 |
|
|
$ |
18.26 |
|
|
|
|
806,201 |
|
|
$ |
7.45 |
|
|
$ |
9.00 |
|
|
|
|
(909 |
) |
|
$ |
8.25 |
|
|
$ |
8.25 |
|
|
|
|
(621,172 |
) |
|
$ |
9.90-$49.50 |
|
|
$ |
18.96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
851,860 |
|
|
$ |
3.47-$15.18 |
|
|
$ |
9.00 |
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|