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Condensed Balance Sheets - USD ($) | Jul. 31, 2024 | Apr. 30, 2024
--- | --- | ---
CURRENT ASSETS: |  |
Cash and cash equivalents | $ 4,339,778 | $ 5,807,648
Inventory, net | 643,039 | 629,179
Prepaid expenses | 387,974 | 183,704
Other current assets | 40,374 | 40,374
Deferred offering costs | 663,490 | 692,988
Total current assets | 6,074,655 | 7,353,893
Property and equipment, net | 86,127 | 97,991
Intangible assets, net | 1,590,079 | 1,589,246
Right-of-use assets, net | 440,529 | 461,983
TOTAL ASSETS | 8,191,390 | 9,503,113
CURRENT LIABILITIES |  |
Accounts payable | 396,506 | 448,183
Accrued expenses | 331,098 | 398,331
Accrued interest expense | 291,340 | 268,813
Operating lease liabilities | 106,402 | 102,293
Notes payable, current | 0 | 500,000
Other current liabilities | 226,343 | 34,147
Total current liabilities | 1,351,689 | 1,751,767
LONG-TERM LIABILITIES |  |
Notes payable | 500,000 | 0
Operating lease liabilities, long-term | 405,743 | 434,045
Total long-term liabilities | 905,743 | 434,045
TOTAL LIABILITIES | 2,257,432 | 2,185,812
COMMITMENTS AND CONTINGENCIES (NOTE 2, 4-6, and 8) |  |
STOCKHOLDERS' EQUITY |  |
Common stock, $0.001 par value, 500,000,000 shares authorized; 906,416 shares issued and outstanding as of July 31, 2024 and 676,598 shares issued and outstanding as of April 30, 2024. | 907 | 677
Additional paid-in capital | 75,346,766 | 74,678,650
Accumulated deficit | (69,414,095) | (67,362,406)
TOTAL STOCKHOLDERS' EQUITY | 5,933,958 | 7,317,301
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 8,191,390 | 9,503,113
Series A, B and C Convertible Preferred Stock |  |
STOCKHOLDERS' EQUITY |  |
Series A, B, and C convertible preferred stock, $0.001 par value, 20,000,000 shares authorized and 620,000 designated; 380,440 shares issued and outstanding as of July 31, 2024 and April 30, 2024. | $ 380 | $ 380

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