| Stock-Based Compensation Plans |
Note
10 – Stock-Based Compensation Plans
In
addition to cash payments, the Company enters agreements to issue common stock and records the applicable non-cash expense in accordance
with the authoritative guidance of the Financial Accounting Standards Board.
For
the three and nine months ended January 31, 2024, stock-based compensation expense amounted to $280,522 and $1,044,395,
respectively. For the three and nine months ended January 31, 2023, stock-based compensation expense amounted to $63,057 and
$128,963, respectively.
The
table below presents the components of compensation expense for the issuance of shares of common stock and stock options to employees
and consultants for the three- and nine-month periods ended January 31, 2024 and 2023.
Schedule of Stock-based Compensation Expense
| Stock-based compensation expense | |
Three Months
Ended
Jan. 31, 2024 | | |
Three Months
Ended
Jan. 31, 2023 | | |
Nine Months
Ended
Jan. 31, 2024 | | |
Nine Months
Ended
Jan. 31, 2023 | |
| Chief Executive Officer | |
$ | 62,493 | | |
$ | 20,023 | | |
$ | 187,479 | | |
$ | 22,440 | |
| Chief Financial Officer | |
| 14,914 | | |
| 6,179 | | |
| 44,742 | | |
| 11,012 | |
| Chief Executive Officer, Advisors | |
| 2,310 | | |
| 1,221 | | |
| 4,726 | | |
| 3,663 | |
| Founder | |
| 14,914 | | |
| — | | |
| 44,742 | | |
| — | |
| Marketing consultant | |
| — | | |
| — | | |
| 144,000 | | |
| — | |
| Marketing consultant | |
| — | | |
| — | | |
| 58,829 | | |
| — | |
| Employee and consultant options | |
| 44,740 | | |
| 35,634 | | |
| 136,424 | | |
| 91,848 | |
| Business consultant | |
| 141,151 | | |
| — | | |
| 423,453 | | |
| — | |
| Total stock-based compensation expense | |
$ | 280,522 | | |
$ | 63,057 | | |
$ | 1,044,395 | | |
$ | 128,963 | |
|