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Stock-based Compensation (Tables)
6 Months Ended
Oct. 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 six months ended October 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

 

 

4.2

%

Volatility

 

 

104

%

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 six months ended October 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

 

 

3,500

 

 

 

4.24

 

 

 

9.8

 

Outstanding - October 31, 2024

 

 

22,159

 

 

$

111.00

 

 

 

8.6

 

 

 

 

 

 

 

 

 

 

 

Non-vested at October 31, 2024

 

 

13,523

 

 

$

35.00

 

 

 

9.2

 

Vested at October 31, 2024

 

 

8,636

 

 

$

229.00

 

 

 

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 six months ended October 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 - October 31, 2024

 

 

5,456

 

 

$

502.00

 

 

 

5.4

 

 

 

 

 

 

 

 

 

 

 

Non-vested at October 31, 2024

 

 

3,565

 

 

$

626.00

 

 

 

5.2

 

Vested at October 31, 2024

 

 

1,891

 

 

$

268.00

 

 

 

5.8