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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of fair value of financial liabilities

Schedule of fair value of financial liabilities
Description		Level		January 31, 2025				April 30, 2024
Liabilities:
Warrant liability		3		$	2,384,000			$	10,784,000
Bifurcated embedded derivative		3		$	–			$	2,184,000

Schedule of change in the fair value of the warrant liability

Schedule of change in the fair value of the warrant liability
		Three Months Ended
		January 31, 2025
Balance on October 31, 2024		$	6,871,000
Issuance of warrants			–
Change in fair value of warrant liability			(4,487,000	)
Balance on January 31, 2025		$	2,384,000

		Nine Months Ended
		January 31, 2025
Balance on April 30, 2024		$	10,784,000
Issuance of warrants			–
Change in fair value of warrant liability			(8,400,000	)
Balance on January 31, 2025		$	2,384,000

Schedule of embedded derivative liability

Schedule of embedded derivative liability
		Nine Months Ended
		January 31, 2025
Balance on April 30, 2024		$	2,184,000
Issuance of convertible preferred stock with bifurcated embedded derivative liability			–
Change in fair value of bifurcated embedded derivative			(2,184,000	)
Balance on January 31, 2025		$	–

Schedule of fair values of financial instruments by class

Schedule of fair values of financial instruments by class
		Level		January 31, 2025				April 30, 2024
Financial Assets
Marketable equity securities		1		$	372,632			$	–
Convertible note receivable – investment in debt security		3		$	3,356,000			$	2,755,000
Warrant asset – Femasys		3		$	3,322,000			$	5,152,000
Investment in preferred stock - TNF		3		$	15,768,000			$	–
Warrant asset – TNF		3		$	2,862,000			$	–

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Publisher FASB
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