WARRANT LIABILITY (Tables)

12 Months Ended

Apr. 30, 2025

Warrant Liability

SCHEDULE OF KEY INPUTS FOR THE WARRANT LIABILITY

The key inputs for the warrant liability were as follows as of April 30, 2025:

Key Valuation Inputs
Expected term (years)		3.45
Annualized volatility		64.0	%
Volatility if fundamental transaction occurs		100.00	%
Risk-free interest rate		3.61	%
Stock price	$	10.97
Dividend yield		0.00	%
Exercise price	$	6.16
Probability of fundamental transaction		95	%
Date of fundamental transaction		0.25 years to 3.45 years

The key inputs for the warrant liability were as follows as of April 30, 2024:

Key Valuation Inputs
Expected term (years)		4.45
Annualized volatility		78.9	%
Volatility if fundamental transaction occurs		100.00	%
Risk-free interest rate		4.75	%
Stock price	$	4.18
Dividend yield		0.00	%
Exercise price	$	6.16
Probability of fundamental transaction		95	%
Date of fundamental transaction		0.25 years to 4.45 years

SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITY

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liability for the years ended April 30, 2025 and 2024:

	Warrant Liability
Fair value as of April 30, 2023	$	4,230,850
Change in fair value of warrant liability		(313,950	)
Fair value as of April 30, 2024		3,916,900
Change in fair value of warrant liability		7,714,200
Fair value as of April 30, 2025	$	11,631,100