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STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Apr. 30, 2025
Equity [Abstract]  
SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS

A summary of the changes in RSUs and DSUs outstanding during the years ended April 30, 2025 and 2024, is as follows:

SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS

 

   Restricted
Stock Units
   Weighted
Average
Grant-Date
Fair Value
Per Share
 
Balance at April 30, 2023   433,475   $10.31 
Vested and converted into common stock   -    - 
Balance at April 30, 2024   433,475    10.31 
Granted   160,913    7.62 
Vested and converted into common stock   (7,927)   9.34 
Balance at April 30, 2025   586,461   $9.60 
SCHEDULE OF STOCK OPTION ACTIVITY

The following is a summary of the Company’s stock option activity during the years ended April 30, 2025 and 2024:

SCHEDULE OF STOCK OPTION ACTIVITY

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2023   192,750   $5.54    4.44 
Granted            
Exercised            
Forfeited            
Cancelled            
Balance at April 30, 2024   192,750    5.54    3.44 
Granted   293,730    7.65    5.00 
Exercised            
Forfeited   (27,810)   6.06     
Cancelled            
Balance at April 30, 2025   458,670    6.86    3.77 
                
Options exercisable at end of year   361,817   $6.65      
Options expected to vest   96,853   $7.65      
Weighted average fair value of options granted during the year       $4.94      
SCHEDULE OF STOCK OPTION VALUATION ASSUMPTION

The Company used the Black-Scholes model to determine the fair value of stock options granted during the year ended April 30, 2025. In applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:

SCHEDULE OF STOCK OPTION VALUATION ASSUMPTION

 

Risk-free interest rate  4.17- 4.43%
Dividend yield  0.00%
Expected volatility  76-77%
Contractual and expected term (in years)  5.0 
Forfeiture rate  0.00%
SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION

Stock-based expense for stock options were recorded in the following as reflected in the consolidated statements of operations:

SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION

 

  

For the Year

Ended
April 30, 2025

  

For the Year

Ended
April 30, 2024

 
Compensation and related taxes — general and administrative  $485,528   $29,608 
Professional and consulting fees   605,504    - 
Total  $1,091,032   $29,608 
SCHEDULE OF STOCK WARRANT ACTIVITY

The following is a summary of the Company’s stock warrant activity during the years ended April 30, 2025 and 2024:

SCHEDULE OF STOCK WARRANT ACTIVITY

 

   Number of Warrants   Weighted Average
Exercise
Price
   Weighted Average Remaining Contractual
Life
(Years)
 
Warrants with no Class designation:               
Balance at April 30, 2023   2,779,262   $7.76    4.27 
Granted   1,400,000    4.48    5.47 
Exercised            
Forfeited            
Canceled            
Balance at April 30, 2024   4,179,262    6.66    4.01 
Granted   728,850    9.50    10.00 
Exercised   (464,668)   5.01    3.02 
Forfeited            
Canceled            
Balance at April 30, 2025   4,443,444    7.30    2.93 
Class A Warrants:               
Balance at April 30, 2023   109,687    11.40    1.22 
Granted            
Exercised            
Forfeited            
Canceled            
Balance at April 30, 2024   109,687    11.40    0.64 
Granted            
Exercised            
Forfeited   (109,687)        
Canceled            
Balance at April 30, 2025            
Total Warrants Outstanding at April 30, 2025   4,443,444   $7.30    2.93 
Warrants exercisable at end of year   3,714,594   $6.87      
Weighted average fair value of warrants granted during the year       $3.32