STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Apr. 30, 2022

Equity [Abstract]

SCHEDULE OF WARRANT LIABILITY

Net proceeds on March 18, 2022	$	4,559,601
Less:
Proceeds allocated to warrant liability		(3,652,000	)
Plus:
Offering cost associated with warrant liability		190,840
Net proceeds on March 18, 2022 allocated to equity	$	1,098,441

SCHEDULE OF STOCK OPTION ACTIVITY

The following is a summary of the Company’s stock option activity during the years ended April 30, 2022 and 2021:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at April 30, 2020		100,000		$	14.31		2.87
Granted		—			—		—
Exercised		—			—		—
Forfeited		—			—		—
Cancelled		(5,000	)		—		—
Balance at April 30, 2021		95,000		$	14.63		1.57
Granted		58,060			6.93		5.00
Exercised		—			—		—
Forfeited		—			—		—
Cancelled		(5,000	)		13.40		—
Balance at April 30, 2022		148,060			11.65		2.23
Options exercisable at end of period		128,410		$	12.38
Options expected to vest		19,650		$	6.93
Weighted average fair value of options granted during the period				$	4.52

SCHEDULE OF STOCK OPTION

	For the Year Ended April 30, 2022
Risk free interest rate		1.53	%
Dividend yield		0.00	%
Expected volatility		82	%
Contractual term (in years)		5.0
Forfeiture rate		0.00	%

SCHEDULE OF STOCK WARRANT ACTIVITY

The following is a summary of the Company’s stock warrant activity during the years ended April 30, 2022 and 2021:

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Warrants with no Class designation:
Balance at April 30, 2020		527,378		$	14.83		3.73
Granted		1,425,224			9.09		5.18
Exercised		(523,808	)		6.68		4.03
Forfeited		—			—		—
Canceled		—			—		—
Balance at April 30, 2021		1,428,794		$	12.00		4.08
Granted		817,370			8.46		5.39
Exercised		(166,667	)		6.00		3.33
Forfeited		(170,235	)		31.25		—
Canceled		—			—		—
Balance at April 30, 2022		1,909,262			9.29		4.38
Class A Warrants:
Balance at April 30, 2020		219,375			11.40		4.22
Granted		—			—		—
Exercised		(109,688	)		11.40		3.22
Forfeited		—			—		—
Canceled		—			—		—
Balance at April 30, 2021		109,687			11.40		3.22
Granted		—			—		—
Exercised		—			—		—
Forfeited		—			—		—
Canceled		—			—		—
Balance at April 30, 2022		109,687			11.40		2.22
Total Warrants Outstanding at April 30, 2022		2,018,949		$	9.41		4.27
Warrants exercisable at end of period		1,393,949		$	9.77
Weighted average fair value of warrants granted during the period				$	—

SCHEDULE OF WARRANTS ISSUED

	Warrants Issued During the Year ended April 30, 2021
Expected volatility		169.0	%
Stock price on date of grant	$	9.53
Exercise price	$	6.00
Expected dividends		-
Expected term (in years)		5.00
Risk-free rate		0.27	%
Expected forfeiture rate		0	%