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STOCKHOLDERS’ EQUITY (Tables) | 9 Months Ended
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Jan. 31, 2024
Equity [Abstract] |
SCHEDULE OF ACTIVITY RESTRICTED STOCK UNITS | A summary of the changes in restricted stock units outstanding during the nine months ended January 31, 2024 follows: SCHEDULE OF ACTIVITY RESTRICTED STOCK UNITS
|  | Restricted Stock Units |  |  | Weighted Average Grant-Date Fair Value Per Share |
Balance at April 30, 2023 |  |  | 433,475 |  |  | $ | 9.57 |
Balance at January 31, 2024 |  |  | 433,475 |  |  | $ | 10.31 |
SCHEDULE OF STOCK OPTION ACTIVITY | The following is a summary of the Company’s stock option activity during the nine months ended January 31, 2024: SCHEDULE OF STOCK OPTION ACTIVITY
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Years) |
Balance at April 30, 2023 |  |  | 192,750 |  |  | $ | 5.54 |  |  |  | 4.44 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |
Cancelled |  |  | — |  |  |  | — |  |  |  | — |
Balance at January 31, 2024 |  |  | 192,750 |  |  |  | 5.54 |  |  |  | 3.69 |
Options exercisable at end of period |  |  | 186,200 |  |  | $ | 5.49 |  |  |  |  |
Options expected to vest |  |  | 6,550 |  |  | $ | 6.93 |  |  |  |  |
Weighted average fair value of options granted during the period |  |  |  |  |  | $ | — |  |  |  |  |
SCHEDULE OF STOCK WARRANTS | A summary of the Company’s outstanding warrants to purchase shares of common stock as of January 31, 2024, and changes during the period ended as presented below: SCHEDULE OF STOCK WARRANTS
|  | Number of Warrants |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Years) |
Warrants with no Class designation: |  |  |  |  |  |  |  |  |  |  |  |
Balance at April 30, 2023 |  |  | 2,779,262 |  |  | $ | 7.76 |  |  |  | 4.27 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |
Canceled |  |  | — |  |  |  | — |  |  |  | — |
Balance at January 31, 2024 |  |  | 2,779,262 |  |  |  | 7.76 |  |  |  | 3.52 |
Class A Warrants: |  |  |  |  |  |  |  |  |  |  |  |
Balance at April 30, 2023 |  |  | 109,687 |  |  |  | 11.40 |  |  |  | 1.22 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |
Canceled |  |  | — |  |  |  | — |  |  |  | — |
Balance at January 31, 2024 |  |  | 109,687 |  |  |  | 11.40 |  |  |  | 0.47 |
Total Warrants Outstanding at January 31, 2024 |  |  | 2,888,949 |  |  | $ | 7.90 |  |  |  | 3.40 |
Warrants exercisable at end of period |  |  | 2,888,949 |  |  | $ | 7.90 |  |  |  |  |
Weighted average fair value of warrants granted during the period |  |  |  |  |  | $ | — |  |  |  |  |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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