Stockholders' Equity (Tables)
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9 Months Ended |
Jan. 31, 2021 |
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| Schedule of Restricted Stock Unit Activity |
A summary of the Company’s RSU activity which were granted under the 2012 and 2018 Equity Incentive Plans during the nine months ended JanuaryÌý31, 2021 is presented below:
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| Restricted Stock Units |
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Number of Shares |
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Weighted Average Grant Price |
| Unvested balance outstanding, April 30, 2020 |
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643,175Ìý |
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$ |
5.64Ìý |
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| Granted |
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251,521Ìý |
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9.82Ìý |
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| Exercised |
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—Ìý |
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—Ìý |
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| Forfeits |
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(19,250) |
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8.94Ìý |
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| Vested |
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(206,109) |
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12.46Ìý |
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| Expired |
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—Ìý |
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—Ìý |
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| Unvested balance outstanding, January 31, 2021 |
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669,337Ìý |
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$ |
6.95Ìý |
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| Summary of Warrant Activity |
A summary of the Company’s warrant activity during the nine months ended JanuaryÌý31, 2021 is presented below:
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| Warrants |
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Number of
Shares |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining
Contractual
Term |
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Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2020 |
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566,223Ìý |
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$ |
6.22Ìý |
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3.17 |
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$ |
950,100Ìý |
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| Granted |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Exercised |
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(192,049) |
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$ |
5.60Ìý |
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—Ìý |
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—Ìý |
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| Surrendered |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Expired |
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—Ìý |
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$ |
—Ìý |
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—Ìý |
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—Ìý |
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| Balance Outstanding, January 31, 2021 |
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374,174Ìý |
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$ |
6.37Ìý |
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2.14 |
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$ |
1,151,369Ìý |
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| Exercisable, January 31, 2021 |
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374,174Ìý |
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$ |
6.37Ìý |
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2.14 |
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$ |
1,151,369Ìý |
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| Warrant |
Ìý
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| Share-based Payment Arrangement, Option, Exercise Price Range |
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| OUTSTANDING WARRANTS |
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EXERCISABLE WARRANTS |
Exercise
Price |
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Weighted
Average
Exercise
Price |
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Outstanding
No. of
Warrants |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining Life
In Years |
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Exercisable
No. of
Warrants |
| $ |
4.89Ìý |
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$ |
4.89Ìý |
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50,000Ìý |
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$ |
4.89Ìý |
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3.44 |
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50,000Ìý |
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| $ |
6.00Ìý |
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$ |
6.00Ìý |
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100,000Ìý |
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$ |
6.00Ìý |
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3.09 |
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100,000Ìý |
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| $ |
6.87Ìý |
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$ |
6.87Ìý |
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224,174Ìý |
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$ |
6.87Ìý |
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1.48 |
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224,174Ìý |
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| Ìý |
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374,174Ìý |
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Ìý |
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Ìý |
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374,174Ìý |
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| Stock Incentive Plan and Stock Option Grants to Employees and Directors |
Ìý
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| Share-based Payment Arrangement, Option, Exercise Price Range |
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| OUTSTANDING OPTIONS |
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EXERCISABLE OPTIONS |
Exercise
Price |
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Weighted
Average
Exercise
Price |
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Outstanding
No. of
Options |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining Life
In Years |
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Exercisable
No. of
Options |
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$1.57 to $2.10 |
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$ |
1.92Ìý |
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29,167Ìý |
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$ |
1.92Ìý |
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0.44 |
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29,167Ìý |
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$2.28 to $2.76 |
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$ |
2.76Ìý |
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11,415Ìý |
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$ |
2.76Ìý |
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0.67 |
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11,415Ìý |
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$3.24 to $4.38 |
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$ |
3.82Ìý |
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188,639Ìý |
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$ |
3.75Ìý |
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1.32 |
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146,804Ìý |
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$4.50 to $5.20 |
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$ |
4.94Ìý |
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362,818Ìý |
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$ |
4.95Ìý |
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1.82 |
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297,714Ìý |
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$5.95 to $6.28 |
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$ |
6.10Ìý |
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66,000Ìý |
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$ |
6.10Ìý |
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1.47 |
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66,000Ìý |
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$7.17 to $7.55 |
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$ |
7.44Ìý |
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444,425Ìý |
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$ |
7.43Ìý |
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2.62 |
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329,175Ìý |
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$8.57 to $9.07 |
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$ |
8.98Ìý |
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157,749Ìý |
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$ |
8.98Ìý |
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1.93 |
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157,749Ìý |
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| Options only |
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1,260,213Ìý |
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1,038,024Ìý |
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| Summary of Stock Option Activity |
A summary of the Company’s stock option activity for employees and directors during the nine months ended JanuaryÌý31, 2021, is presented below:
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| Options |
|
Number of
Shares |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining
Contractual
Term |
|
Aggregate
Intrinsic
Value |
| Balance Outstanding, April 30, 2020 |
|
2,740,539Ìý |
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$ |
4.62Ìý |
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1.97 |
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$ |
9,146,198Ìý |
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| Granted |
|
—Ìý |
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$ |
—Ìý |
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|
—Ìý |
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|
—Ìý |
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| Exercised |
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(1,400,832) |
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$ |
10.80Ìý |
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|
—Ìý |
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—Ìý |
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| Forfeited |
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(7,585) |
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$ |
6.23Ìý |
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|
—Ìý |
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—Ìý |
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| Expired |
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(71,909) |
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$ |
3.98Ìý |
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|
—Ìý |
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—Ìý |
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Balance Outstanding, JanuaryÌý31, 2021 |
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1,260,213Ìý |
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$ |
6.13Ìý |
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2.08 |
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$ |
4,184,115Ìý |
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Exercisable, JanuaryÌý31, 2021 |
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1,038,024Ìý |
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$ |
6.14Ìý |
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1.94 |
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$ |
3,432,509Ìý |
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