XML 21 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Share-Based Payments | 3 Months Ended
--- | ---
Jul. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Share-Based Payments | Share-Based Payments Stock-based compensation expense was recognized as follows (table in thousands):
| Three Months Ended July 31, |  |  |  |
| 2022 |  | 2021 |  |  |  |  |  |  |  |
General and administrative | $ | 123 |  |  | $ | 171 |  |  |  |  |  |  |  |  |
Sales and marketing | 48 |  |  | 51 |  |  |  |  |  |  |  |  |
Research and development | 3 |  |  | 6 |  |  |  |  |  |  |  |  |
Cost of oncology services | 32 |  |  | 52 |  |  |  |  |  |  |  |  |
Total stock-based compensation expense | $ | 206 |  |  | $ | 280 |  |  |  |  |  |  |  |  |
The Company has in place a 2021 Equity Incentive Plan and 2010 Equity Incentive Plan ("the Plans"). In general, these plans provide for stock-based compensation to the Company’s employees, directors and non-employees. The plans also provide for limits on the aggregate number of shares that may be granted, the term of grants and the strike price of option awards. 2021 Equity Incentive Plan As part of the 2021 Annual Shareholders Meeting, shareholders approved the adoption of the 2021 Equity Incentive Plan (“2021 Equity Plan”). The purpose of the 2021 Equity Plan is to grant (i) Non-statutory Stock Options; (ii) Incentive Stock Options; (iii) Restricted Stock Awards; and/or (iv) Stock Appreciation Rights (collectively, stock-based compensation) to its employees, directors and non-employees. Total stock awards under the 2021 Equity Plan shall not exceed 2 million shares of common stock. Options and Stock Appreciation Rights expire no later than ten years from the date of grant and the awards vest as determined by the Board of Directors. Options and Stock Appreciation Rights have a strike price not less than 100% of the fair market value of the common stock subject to the option or right at the date of grant. As of July 31, 2022, approximately 1.7 million shares were left to issue under this plan. 2010 Equity Incentive Plan On February 18, 2011, shareholders owning a majority of the issued and outstanding shares of the Company executed a written consent approving the 2010 Equity Incentive Plan (“2010 Equity Plan”). The purpose of the 2010 Equity Plan is to grant (i) Non-statutory Stock Options; (ii) Restricted Stock Awards; and (iii) Stock Appreciation Rights (collectively, stock-based compensation) to its employees, directors and non-employees. Total stock awards under the 2010 Equity Plan shall not exceed 30 million shares of common stock. Options and Stock Appreciation Rights expire no later than ten years from the date of grant and the awards vest as determined by the Board of Directors. Options and Stock Appreciation Rights have a strike price not less than 100% of the fair market value of the common stock subject to the option or right at the date of grant. After February 2021, no more shares were available to be issued from this plan. Stock Option Grants Black-Scholes assumptions used to calculate the fair value of options granted during the three months ended July 31, 2022 and 2021 were as follows:
| Three Months Ended July 31, |  |  |  |
| 2022 |  | 2021 |  |  |  |  |  |  |  |
Expected term in years | 6 |  | 6 |  |  |  |  |  |  |  |
Risk-free interest rates | 2.87% |  | 0.82% |  |  |  |  |  |  |  |
Volatility | 62.58% |  | 65.94% - 66.21% |  |  |  |  |  |  |  |
Dividend yield | —% |  | —% |  |  |  |  |  |  |  |
The weighted average fair value of stock options granted during the three months ended July 31, 2022 and 2021 was $4.50 and $5.33, respectively. The Company’s stock options activity for the three months ended July 31, 2022 was a s follows:
| Directors and Employees | Non- Employees |  |  | Total |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Outstanding, April 30, 2022 | 1,617,324 |  | 40,915 |  |  |  | 1,658,239 |  |  | $ | 4.51 |  |  | 4.9 |  | $ | 6,131,000 |
Granted | 78,000 |  | — |  |  |  | 78,000 |  |  | 7.57 |  |  | 9.90 |  |
Forfeited | (7,625) |  | — |  |  |  | (7,625) |  |  | 7.73 |  |  |  |  |
Canceled | — |  | (1,875) |  |  |  | (1,875) |  |  | 4.63 |  |  |  |  |
Expired | (4,584) |  | — |  |  |  | (4,584) |  |  | 5.40 |  |  |  |  |
Outstanding, July 31, 2022 | 1,683,115 |  | 39,040 |  |  |  | 1,722,155 |  |  | 4.64 |  |  | 4.9 |  | $ | 7,462,000 |
Vested and expected to vest as of July 31, 2022 | 1,683,115 |  | 39,040 |  |  |  | 1,722,155 |  |  | 4.64 |  |  | 4.9 |  | $ | 7,462,000 |
Exercisable as of July 31, 2022 | 1,380,775 |  | — |  |  |  | 1,380,775 |  |  | 4.06 |  |  | 4.1 |  | $ | 6,846,000 |

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration