WARRANTS (Tables)

12 Months Ended

Apr. 30, 2022

Warrants

The following table summarizes information about common stock warrants outstanding at April 30, 2022:

The following table summarizes information about common stock warrants outstanding at April 30, 2022:

Outstanding							Exercisable
			Weighted
			Average		Weighted				Weighted
			Remaining		Average				Average
Exercise	Number		Contractual		Exercise		Number		Exercise
Price	Outstanding		Life (years)		Price		Exercisable		Price
$1.00		500,000		1.8	$	1.00		500,000	$	1.00
$1.75		161,342		2.5	$	1.75		161,342	$	1.75
$3.00		9,427,196		2.9	$	3.00		9,427,196	$	3.00
$6.25		61,250		4.1	$	6.25		61,250	$	6.25
$1.00 - $6.25		10,149,788		2.9	$	2.90		10,149,788	$	2.90

The estimated fair value of warrants granted during the years ended April 30, 2022 and 2021, were calculated using the Black-Scholes option-pricing model using the following assumptions:

The estimated fair value of warrants granted during the years ended April 30, 2022 and 2021, were calculated using the Black-Scholes option-pricing model using the following assumptions:

	For the Year Ended April 30,
	2022	2021
Expected term (in years)	5.00	5.00
Volatility	88.94%	103.70%
Risk-free interest rate	2.92%	0.27% - 0.28%
Dividend yield	0.0%	0.0%