| Stock-Based Compensation Plans |
Note
9 – Stock-Based Compensation Plans
In
addition to cash payments, the Company enters agreements to issue common stock and options to purchase common stock, and records the
applicable non-cash expense in accordance with the authoritative guidance of the Financial Accounting Standards Board.
For
the years ended April 30, 2025 and 2024, stock-based compensation expense amounted to $757,484 and $1,324,917, 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 years ended April 30, 2025 and 2024.
Schedule of Stock-based Compensation Expense
| Stock-based compensation expense | |
Year
Ended
April 30, 2025 | | |
Year
Ended
April 30, 2024 | |
| Chief Executive
Officer | |
$ | 249,972 | | |
$ | 249,972 | |
| Chief Financial Officer | |
| 57,240 | | |
| 57,240 | |
| Chief Executive Officer,
Advisors | |
| 5,093 | | |
| 5,093 | |
| Founder | |
| 57,240 | | |
| 57,240 | |
| Marketing consultant | |
| - | | |
| 144,000 | |
| Marketing consultant | |
| 200,000 | | |
| 58,829 | |
| Employee and consultant
options | |
| 187,939 | | |
| 187,939 | |
| Business
consultant | |
| - | | |
| 564,604 | |
| Total
stock-based compensation expense | |
$ | 757,484 | | |
$ | 1,324,917 | |
The
following tables summarize information about stock options outstanding as of April 30, 2025 and 2024:
Schedule
of Stock Options Outstanding
| | |
Options
Outstanding | | |
Options
Exercisable | |
| | |
| | |
Weighted- | | |
| | |
| | |
| |
| | |
| | |
Average | | |
Weighted- | | |
| | |
Weighted- | |
| Range of | |
| | |
Remaining | | |
Average | | |
| | |
Average | |
| Exercise | |
Number | | |
Contractual | | |
Exercise | | |
Number | | |
Exercise | |
| Prices | |
Outstanding | | |
Life
(Years) | | |
Price | | |
Outstanding | | |
Price | |
| | |
| | |
| | |
| | |
| | |
| |
| As of April 30, 2025 | |
| | | |
| | | |
| | | |
| | | |
| | |
| $98.00 - $735.00 | |
| 28,410 | | |
| 7.64 | | |
$ | 154.82 | | |
| 16,943 | | |
$ | 174.77 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| As of April 30, 2024 | |
| | | |
| | | |
| | | |
| | | |
| | |
| $1.40 - $10.50 | |
| 28,590 | | |
| 8.65 | | |
$ | 154.47 | | |
| 9,889 | | |
$ | 188.72 | |
Schedule
of Stock Option Activity
| | |
Number
of
Shares | | |
Exercise
Price
Per Share | | |
Average
Exercise
Price | |
| Outstanding April 30, 2023 | |
| 28,590 | | |
$ | 98.00
- $735.00 | | |
$ | 154.47 | |
| | |
| | | |
| | | |
| | |
| Issued during year ended April 30, 2024 | |
| - | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Exercised/canceled during year ended April
30, 2024 | |
| - | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Options outstanding April 30, 2024 | |
| 28,590 | | |
$ | 98.00
- $735.00 | | |
$ | 154.47 | |
| | |
| | | |
| | | |
| | |
| Issued during year ended April 30, 2025 | |
| - | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Exercised/canceled during year ended April
30, 2025 | |
| (180 | ) | |
$ | 98.00 | | |
$ | 98.00 | |
| | |
| | | |
| | | |
| | |
| Options outstanding April 30, 2025 | |
| 28,410 | | |
$ | 98.00
- $735.00 | | |
$ | 154.82 | |
| | |
| | | |
| | | |
| | |
| Options exercisable, April 30, 2025 | |
| 16,943 | | |
$ | 98.00
- $735.00 | | |
$ | 174.77 | |
|