XML 21 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Income Statement [Abstract]    
Revenue $ 0 $ 0
Operating expenses:    
Research and development costs 438,416 407,431
Intangible asset impairment 0 2,000,000
General and administrative 3,939,446 6,112,577
Total operating expenses 4,377,862 8,520,008
Loss from operations (4,377,862) (8,520,008)
Other income (expense):    
Interest income 1,415,561 3,398,819
Change in fair value of warrant liability 10,446,000 3,343,000
Change in fair value of derivative liability 2,184,000 586,000
Change in fair value of convertible note receivable – Femasys 941,000 1,089,000
Change in fair value of warrant asset – Femasys (2,091,000) 1,818,000
Change in fair value of investment – TNF 5,063,950 0
Change in fair value of warrant assets - TNF (2,367,684) 0
Gain on investment in preferred stock – TNF 21,395,734 0
Unrealized gain on marketable securities 66,316 0
Loss on legal settlement (2,019,000) 0
Loss on long term asset 0 (1,572,193)
Other income (expense), net (965) 191,145
Total other income (expense), net 35,033,912 8,853,771
Income tax benefit (expense) 0 0
Net income 30,656,050 333,763
Preferred stock dividends (1,129,759) (2,517,645)
Undistributed income to Series B convertible preferred stock (2,970,780)
Preferred stock accretion (3,193,404) (15,053,521)
Net income (loss) attributable to common stockholders $ 23,362,107 $ (17,237,403)
Basic income (loss) per share attributable to common stockholders $ 3.19 $ (1.80)
Diluted income (loss) per share attributable to common stockholders $ 3.19 $ (1.80)
Weighted average shares outstanding basic 7,329,596 9,581,059
Weighted average shares outstanding diluted 7,329,596 9,581,059