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Stock-based Compensation (Tables)
3 Months Ended
Jul. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Option Using the Black-Scholes Option-Pricing Model on Grant Date

During the three months ended July 31, 2024, management estimated the fair value of the awards utilizing the Black-Scholes Option Pricing model with the following weighted-average assumptions:

Risk free interest rate

 

 

4.35

%

Volatility

 

 

103.9

%

Weighted average expected term (in years)

 

 

5.0

 

 

 

 

 

 

Service-based Stock Option  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Option Activity

The following is a summary of service-based stock option activity during the three months ended July 31, 2024:

 

 

Number of
Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Average
Remaining
Contractual
Life
(in years)

 

Outstanding - April 30, 2024

 

 

18,659

 

 

$

121.00

 

 

 

8.9

 

Granted

 

 

1,500

 

 

 

5.15

 

 

 

9.8

 

Outstanding - July 31, 2024

 

 

20,159

 

 

$

121.00

 

 

 

8.7

 

 

 

 

 

 

 

 

 

 

 

Non-vested at July 31, 2024

 

 

12,929

 

 

$

42.00

 

 

 

9.3

 

Vested at July 31, 2024

 

 

7,230

 

 

$

264.00

 

 

 

7.7

 

Performance-based Stock Option  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Option Activity

The following is a summary of performance-based stock option activity during the three months ended July 31, 2024:

 

 

Number of
Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Average
Remaining
Contractual
Life
(in years)

 

Outstanding - April 30, 2024

 

 

5,456

 

 

$

502.00

 

 

 

5.9

 

Granted

 

 

 

 

 

 

 

 

 

Outstanding - July 31, 2024

 

 

5,456

 

 

$

502.00

 

 

 

5.7

 

 

 

 

 

 

 

 

 

 

 

Non-vested at July 31, 2024

 

 

3,565

 

 

$

626.00

 

 

 

5.4

 

Vested at July 31, 2024

 

 

1,891

 

 

$

268.00

 

 

 

6.0