STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Jan. 31, 2023

Equity [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITY

The following is a summary of the Company’s stock option activity during the nine months ended January 31, 2023:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at April 30, 2022		148,060		$	11.65		2.23
Granted		140,000			5.02		5.00
Exercised		—			—		—
Forfeited		—			—		—
Cancelled		(90,000	)		14.70		—
Balance at January 31, 2023		198,060			5.58		4.67
Options exercisable at end of period		184,960		$	5.48
Options expected to vest		13,100		$	6.93
Weighted average fair value of options granted during the period				$	3.31

SCHEDULE OF STOCK OPTION

	Grant date on January 12, 2023
Risk free interest rate		3.53	%
Dividend yield		0.00	%
Expected volatility		80	%
Contractual term (in years)		5.0
Forfeiture rate		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 unaudited statements of operations:

	Three Months ended January 31, 2023		Nine Months ended January 31, 2023
Compensation and related taxes – general and administrative	$	166,282	$	181,085
Professional and consulting fees		304,520		304,520
Total	$	470,802	$	485,605

SCHEDULE OF STOCK WARRANT ACTIVITY

A summary of the Company’s outstanding warrants to purchase shares of common stock as of January 31, 2023 and changes during the period ended as presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Warrants with no Class designation:
Balance at April 30, 2022		1,909,262	$	9.29		4.38
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Canceled		—		—		—
Balance at January 31, 2023		1,909,262		9.29		3.63
Class A Warrants:
Balance at April 30, 2022		109,687		11.40		2.22
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Canceled		—		—		—
Balance at January 31, 2023		109,687		11.40		1.47
Total Warrants Outstanding at January 31, 2023		2,018,949	$	9.41		3.51
Warrants exercisable at end of period		2,018,949	$	9.41
Weighted average fair value of warrants granted during the period			$	—