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Note 14 – Common Stock
 12 Months Ended
Apr. 30, 2023
Equity [Abstract]  
Note 14 – Common Stock

Note 14 – Common Stock

 

Our common stock has a par value of $0.001 per share. We are authorized to issue 500,000,000 shares of common stock. Each share of common stock is entitled to one vote. A summary of shares of common stock issued by the Company since April 30, 2021 is as follows:

 

Description of Shares  Shares Issued
Shares outstanding as of April 30, 2021   29,431,264 
Conversion of Series A preferred stock   1,321,996 
Conversion of Series B preferred stock   818,333 
Exercise of warrants   66,666 
Acquisition of Skypersonic on May 7, 2021, see Note 1   707,293 
Acquisition of Teal Drones on August 31, 2021, see Note 1   3,588,272 
Public offerings which generated gross proceeds of $76 million and net proceeds of approximately $70.1 million   17,333,334 
Exercise of stock options   89,107 
Vesting of restricted stock to employees, net of 225,869 shares withheld to pay taxes and 92,812 to repay a Note   225,637 
Vesting of restricted stock to Board of Directors   48,124 
Vesting of restricted stock to consultants   7,042 
Shares issued for services   111,667 
Shares outstanding as of April 30, 2022   53,748,735 
Vesting of restricted stock to employees, net of shares withheld of 273,874 to pay taxes and 9,000 to repay a Note   653,308 
Vesting of restricted stock to Board of Directors   116,507 
Vesting of restricted stock to consultants   9,683 
Shares issued for services   39,832 
Shares outstanding as of April 30, 2023   54,568,065