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Stock-based Payments (Tables)
12 Months Ended
Apr. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Employee Service Stock-based Compensation, Allocation of Recognized Period Costs
Stock-based compensation costs were recorded as follows (in thousands):
 
Year Ended April 30,
 
2020
 
2019
General and administrative
$
328

 
$
458

Sales and marketing
237

 
91

Research and development
13

 
14

TOS cost of sales
21

 
86

POS cost of sales
1

 

 
 
 
 
Total stock-based compensation expense
$
600

 
$
649

Schedule of Stock-based Payment Award, Stock Options, Valuation Assumptions
Black-Scholes assumptions used to calculate the fair value of options granted during the years ended April 30, 2020 and 2019 were as follows:
 
Year Ended April 30,
 
2020
 
2019
Expected term in years
3 - 6
 
3 - 6
Risk-free interest rates
1.3% - 1.8%
 
2.6% - 3.0%
Volatility
69% - 71%
 
65% - 85%
Dividend yield
—%
 
—%
Schedule of Stock-based Compensation, Stock Options, Activity
The Company’s stock options activity and related information as of and for the years ended April 30, 2020 and 2019 is as follows:
 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2019
50,000

 
2,373,626

 
2,423,626

 
$
3.19

 
5.3
 
$
14,557,000

Granted

 
229,833

 
229,833

 
5.33

 
8.1
 
$
544,000

Exercised

 
(248,495
)
 
(248,495
)
 
2.31

 
 
 
 

Canceled

 
(11,824
)
 
(11,824
)
 
7.96

 
 
 
 

Forfeited

 
(44,813
)
 
(44,813
)
 
7.85

 
 
 
 

Expired
(6,668
)
 
(70,001
)
 
(76,669
)
 
8.04

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2020
43,332

 
2,228,326

 
2,271,658

 
3.23

 
5.0
 
$
10,663,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2020
43,332

 
2,228,326

 
2,271,658

 
3.23

 
5.0
 
$
10,663,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2020
17,501

 
1,926,117

 
1,943,618

 
2.83

 
4.5
 
$
9,898,000

 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2018
50,000

 
2,655,845

 
2,705,845

 
$
2.85

 
5.9
 
$
5,265,000

Granted

 
206,790

 
206,790

 
9.86

 
7.9
 
77,000

Exercised

 
(363,383
)
 
(363,383
)
 
2.22

 
 
 
 

Canceled

 
(49,766
)
 
(49,766
)
 
3.20

 
 
 
 

Forfeited

 
(9,750
)
 
(9,750
)
 
3.50

 
 
 
 

Expired

 
(66,110
)
 
(66,110
)
 
15.10

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2019
50,000

 
2,373,626

 
2,423,626

 
3.19

 
5.3
 
$
14,557,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2019
50,000

 
2,373,626

 
2,423,626

 
3.19

 
5.3
 
$
14,557,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2019
18,335

 
2,115,585

 
2,133,920

 
2.70

 
4.9
 
$
13,785,000

Schedule Of Stock-based Compensation Warrants Activity
Activity related to warrants is summarized in the following table. Approximately 161,000 shares noted as exercised below were done so via a cash-less exercise basis.
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2019
1,671,440

 
$
6.20

 
0.9

 
$
5,730,000

Granted

 

 

 

Exercised
(858,695
)
 
5.62

 

 
10,045,000

Forfeited
(760,601
)
 
5.76

 

 
8,587,000

Expired
(52,144
)
 
4.85

 

 
700,000

 
 
 
 
 
 
 
 
Outstanding, April 30, 2020

 
$

 

 
$


 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2018
2,004,284

 
$
5.57

 
1.8

 
$

Granted

 

 

 

Exercised
(247,468
)
 
5.28

 

 
905,000

Forfeited
(85,376
)
 
4.80

 

 
388,000

Expired

 

 

 

 
 
 
 
 
 
 
 
Outstanding, April 30, 2019
1,671,440

 
$
6.20

 
0.9

 
$
5,730,000