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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
 3 Months Ended
Jul. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Warrants Activity

A summary of the Company’s warrant activity during the three months ended July 31, 2017 is presented below:


 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2017

 

 

 

914,123

 

 

$

2.82

 

 

 

1.6

 

 

 $

1,991,067

 

Granted

 

 

 

224,174

 

 

 

6.87

 

 

 

—

 

 

 

—

 

Exercised

 

 

 

(125,404

)

 

 

0.27

 

 

 

—

 

 

 

—

 

Surrendered

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

 

(5,384

)

 

 

3.99

 

 

 

—

 

 

 

—

 

Balance Outstanding, July 31, 2017

 

 

 

1,007,509

 

 

$

3.80

 

 

 

2.2

 

 

$

2,803,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2017

 

 

 

1,007,509

 

 

$

3.80

 

 

 

2.2

 

 

$

2,803,461

 
Schedule of Assumptions Used In Valuing Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the three months ended July 31, 2017 and 2016.


 

 

July 31,

 

 

 

2017

 

 

2016

 

Expected life (years)

 

 

3.5

 

 

 

4 - 6.5

 

Expected volatility

 

 

40% - 43

%

 

 

40% - 43

%

Weighted-average volatility

 

 

38.6

%

 

 

40.0

%

Risk-free interest rate

 

 

0.38

%

 

 

0.38

%

Dividend yield

 

 

0.00

%

 

 

0.00

%

Expected forfeiture rate

 

 

n/a

 

 

 

n/a

 
Schedule of Stock Option Activity

A summary of the Company’s stock option activity for employees and directors during the three months ended July 31, 2017, is presented below:


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2017

 

 

2,097,384

 

 

$

2.42

 

 

 

3.09

 

 

$

7,267,892

 

Granted

 

 

535,500

 

 

 

4.98

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance Outstanding, July 31, 2017

 

 

2,632,884

 

 

$

2.94

 

 

 

3.14

 

 

$

16,732,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2017

 

 

1,377,363

 

 

$

2.28

 

 

 

1.53

 

 

$

8,689,038