PharmaCyte Biotech (PMCB) 10-Q 15 Dec 23 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Oct. 31, 2023	Dec. 13, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--04-30
Entity File Number	001-40699
Entity Registrant Name	PHARMACYTE BIOTECH, INC.
Entity Central Index Key	0001157075
Entity Tax Identification Number	62-1772151
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3960 Howard Hughes Parkway
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89169
City Area Code	(917)
Local Phone Number	595-2850
Title of 12(b) Security	Common Stock, Par Value $0.0001 Per Share
Trading Symbol	PMCB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,615,640

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Current assets:
Cash and cash equivalents	$ 73,425,269	$ 68,039,936
Prepaid expenses and other current assets	323,189	107,681
Total current assets	73,748,458	68,147,617
Other assets:
Intangibles	3,549,427	3,549,427
Investment in SG Austria	1,572,193	1,572,193
Other assets	7,688	7,688
Total other assets	5,129,308	5,129,308
Total Assets	78,877,766	73,276,925
Current liabilities:
Accounts payable	126,163	128,281
Accrued expenses	1,018,155	458,300
Accrued Series B convertible preferred stock redemptions and dividends	4,095,271	0
Total current liabilities	5,239,589	586,581
Other liabilities:
Warrant liability	11,504,000	0
Derivative liability	4,069,000	0
Total other liabilities	15,573,000	0
Total Liabilities	20,812,589	586,581
Commitments and Contingencies (Notes 6 and 8)
Stockholders' equity:
Series A preferred stock: authorized 1 share, $0.0001 par value and 0 shares issued and outstanding as of October 31, 2023 and April 30, 2023	0	0
Common stock, authorized: 200,000,000 shares, $0.0001 par value; 21,672,078 shares issued and 8,699,992 shares outstanding as of October 31, 2023 and 21,602,078 shares issued and 16,793,980 shares outstanding as of April 30, 2023	2,167	2,160
Additional paid-in capital	193,590,781	202,230,583
Accumulated deficit	(116,352,174)	(115,958,773)
Treasury stock, at cost, 12,972,086 and 4,808,098 shares as of October 31, 2023 and April 30, 2023, respectively	(40,449,123)	(13,560,623)
Accumulated other comprehensive loss	(24,143)	(23,003)
Total stockholders' equity	36,767,508	72,690,344
Total Liabilities, Convertible Preferred Stock and Stockholders' Equity	78,877,766	73,276,925
Series B Preferred Stock [Member]
Convertible Preferred Stock:
Convertible preferred stock	21,297,669	0
Series A Preferred Stock [Member]
Stockholders' equity:
Series A preferred stock: authorized 1 share, $0.0001 par value and 0 shares issued and outstanding as of October 31, 2023 and April 30, 2023	$ 0	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Shares excluded for redemption	3,520	0
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	21,672,078	21,602,078
Common stock, shares outstanding	8,699,992	16,793,980
Treasury stock, common shares	12,972,086	4,808,098
Series B Preferred Stock [Member]
Temporary Equity, Shares Authorized	35,000	35,000
Temporary Equity, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Temporary Equity, Par Value	$ 1,000	$ 1,000
Temporary Equity, Shares Issued	31,480	0
Temporary Equity, Shares Outstanding	31,480	0
Temporary Equity, Liquidation Preference	$ 32,143,761	$ 0
Preferred Stock, Shares Issued	31,480
Preferred Stock, Shares Outstanding	31,480
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized	1	1
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Research and development costs	82,033	177,996	186,516	337,269
Compensation expense	229,159	400,420	469,157	728,138
Director fees	306,738	102,335	356,953	155,062
Legal and professional	519,073	1,454,826	844,301	2,351,047
General and administrative	272,517	183,043	1,627,919	427,712
Total operating expenses	1,409,520	2,318,620	3,484,846	3,999,228
Loss from operations	(1,409,520)	(2,318,620)	(3,484,846)	(3,999,228)
Other income (expenses):
Interest income	894,181	439,171	1,770,059	578,673
Change in fair value of warrant liability	4,075,000	0	2,623,000	0
Change in fair value of derivative liability	(769,000)	0	(1,299,000)	0
Other expense	(765)	(1,058)	(2,614)	(4,964)
Total other income, net	4,199,416	438,113	3,091,445	573,709
Net income (loss)	2,789,896	(1,880,507)	(393,401)	(3,425,519)
Preferred stock dividends	(586,886)	0	(906,735)	0
Preferred stock accretion	(4,461,097)		(7,733,130)
Net loss attributable to common stockholders	$ (2,258,087)	$ (1,880,507)	$ (9,033,266)	$ (3,425,519)
Basic and diluted loss per share attributable to common stockholders	$ (0.26)	$ (0.09)	$ (0.85)	$ (0.17)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Weighted Average Number of Shares Outstanding, Basic	8,765,134	20,585,451	10,683,514	20,742,383
Weighted Average Number of Shares Outstanding, Diluted	8,765,134	20,585,451	10,683,514	20,742,383

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Net income (loss)	$ 2,789,896	$ (1,880,507)	$ (393,401)	$ (3,425,519)
Other comprehensive income (loss):
Foreign currency translation	(1,591)	(720)	(1,140)	584
Other comprehensive income (loss)	(1,591)	(720)	(1,140)	584
Comprehensive income (loss)	$ 2,788,305	$ (1,881,227)	$ (394,541)	$ (3,424,935)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Apr. 30, 2022	$ 0	$ 2,072	$ 201,582,107	$ 0	$ (111,648,656)	$ (15,757)	$ 89,919,766
Beginning balance, shares at Apr. 30, 2022	0	20,721,047		0
Stock issued for compensation			2,750				2,750
Stock issued for services			2,278				2,278
Stock issued for services, shares		1,002
Stock-based compensation options			4,595				4,595
Ending balance, value at Jul. 31, 2022	0	2,160	201,592,522	(2,090,847)	(113,193,668)	(14,453)	86,295,714
Stock issued for warrant exercise		$ 88	792				880
Stock issued for warrant exercise, shares		880,000
Foreign currency translation adjustment						1,304	1,304
Net loss					(1,545,012)		(1,545,012)
Repurchase of common stock				$ (2,090,847)			(2,090,847)
Repurchase of common stock, shares				(851,981)
Ending balance, shares at Jul. 31, 2022	0	21,602,049		(851,981)
Beginning balance, value at Apr. 30, 2022	$ 0	$ 2,072	201,582,107	$ 0	(111,648,656)	(15,757)	89,919,766
Beginning balance, shares at Apr. 30, 2022	0	20,721,047		0
Ending balance, value at Oct. 31, 2022	$ 0	$ 2,160	201,600,651	$ (5,475,891)	(115,074,175)	(15,173)	81,037,572
Net loss							(3,425,519)
Ending balance, shares at Oct. 31, 2022	0	21,602,078		(2,075,134)
Beginning balance, value at Jul. 31, 2022	$ 0	$ 2,160	201,592,522	$ (2,090,847)	(113,193,668)	(14,453)	86,295,714
Beginning balance, shares at Jul. 31, 2022	0	21,602,049		(851,981)
Stock issued for compensation			3,917				3,917
Stock options granted			4,212				4,212
Reverse stock split adjustment
Reverse stock split adjustment, shares		29
Ending balance, value at Oct. 31, 2022	0	$ 2,160	201,600,651	(5,475,891)	(115,074,175)	(15,173)	81,037,572
Foreign currency translation adjustment						(720)	(720)
Net loss					(1,880,507)		(1,880,507)
Repurchase of common stock				$ (3,385,044)			(3,385,044)
Repurchase of common stock, shares				(1,223,153)
Ending balance, shares at Oct. 31, 2022	0	21,602,078		(2,075,134)
Beginning balance, value at Apr. 30, 2023	$ 0	$ 2,160	202,230,583	$ (13,560,623)	(115,958,773)	(23,003)	72,690,344
Beginning balance, shares at Apr. 30, 2023	0	21,602,078		(4,808,098)
Ending balance, value at Jul. 31, 2023	$ 20,025,108	$ 2,167	198,638,764	$ (40,282,520)	(119,142,070)	(22,552)	39,193,789
Stock issued for warrant exercise		$ 7	63				70
Stock issued for warrant exercise, shares		70,000
Series B preferred stock dividends			(319,849)				(319,849)
Preferred stock accretion	3,272,033		(3,272,033)				(3,272,033)
Foreign currency translation adjustment						451	451
Net loss					(3,183,297)		(3,183,297)
Repurchase of common stock				$ (26,721,897)			(26,721,897)
Repurchase of common stock, shares				(8,085,879)
Issuance of Series B Preferred Stock, net of discounts and issuance costs of $18,246,925	$ 16,753,075	$ 0	0	$ 0	0	0	0
Issuance of Series B Preferred Stock, net of discounts and issuance costs, shares	35,000
Ending balance, shares at Jul. 31, 2023	35,000	21,672,078		(12,893,977)
Beginning balance, value at Apr. 30, 2023	$ 0	$ 2,160	202,230,583	$ (13,560,623)	(115,958,773)	(23,003)	72,690,344
Beginning balance, shares at Apr. 30, 2023	0	21,602,078		(4,808,098)
Ending balance, value at Oct. 31, 2023	$ 21,297,669	$ 2,167	193,590,781	$ (40,449,123)	(116,352,174)	(24,143)	36,767,508
Net loss							$ (393,401)
Repurchase of common stock, shares							(8,163,988)
Ending balance, shares at Oct. 31, 2023	31,480	21,672,078		(12,972,086)
Beginning balance, value at Jul. 31, 2023	$ 20,025,108	$ 2,167	198,638,764	$ (40,282,520)	(119,142,070)	(22,552)	$ 39,193,789
Beginning balance, shares at Jul. 31, 2023	35,000	21,672,078		(12,893,977)
Series B preferred stock subject to redemption	$ (3,188,536)
Accrual of preferred stock and dividend redemption, shares	(3,520)
Ending balance, value at Oct. 31, 2023	$ 21,297,669	2,167	193,590,781	(40,449,123)	(116,352,174)	(24,143)	36,767,508
Series B preferred stock dividends			(586,886)				(586,886)
Preferred stock accretion	4,461,097		(4,461,097)				(4,461,097)
Foreign currency translation adjustment						(1,591)	(1,591)
Net loss					2,789,896		2,789,896
Repurchase of common stock				$ (166,603)			$ (166,603)
Repurchase of common stock, shares				(78,109)			(78,109)
Ending balance, shares at Oct. 31, 2023	31,480	21,672,078		(12,972,086)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical)	3 Months Ended
	Jul. 31, 2023 USD ($)
Common Stock [Member]
Net of discounts and issuance costs	$ 18,246,925

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net loss	$ (393,401)	$ (3,425,519)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services	0	2,278
Stock issued for compensation	0	6,667
Stock-based compensation	0	8,807
Change in fair value of warrant liability	(2,623,000)	0
Change in fair value of derivative liability	1,299,000	0
Change in assets and liabilities:
Decrease in prepaid expenses and other current assets	(215,508)	(162,637)
Increase (decrease) in accounts payable	(2,118)	655,916
Increase (decrease) in accrued expenses	293,632	(49,154)
Net cash used in operating activities	(1,641,395)	(2,963,642)
Cash flows from investing activities:
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Repurchase of common stock	(26,622,277)	(5,475,891)
Proceeds from issuance of preferred stock, net of transaction costs	33,650,075	0
Proceeds from warrant exercise	70	880
Net cash provided by (used in) financing activities	7,027,868	(5,475,011)
Effect of currency rate exchange on cash and cash equivalents	(1,140)	584
Net increase (decrease) in cash and cash equivalents	5,385,333	(8,438,069)
Cash and cash equivalents at beginning of the periods	68,039,936	85,400,656
Cash and cash equivalents at end of the periods	73,425,269	76,962,587
Supplemental disclosure of cash flows information:
Cash paid during the periods for income taxes	1,600	0
Supplemental disclosure of cash flows information:
Non-cash derivative liability at initial fair value	2,770,000	0
Non-cash warrant liability at initial fair value	14,127,000	0
Reclassification of Series B Convertible Preferred Stock and dividends to current liability	4,095,271	0
Accretion of discounts to redemption value of Series B Preferred Stock	7,733,130	0
Excise tax accrued on repurchase of common stock	$ 266,223

NATURE OF BUSINESS

NATURE OF BUSINESS	6 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE 1 – NATURE OF BUSINESS PharmaCyte Biotech, Inc. (“Company”) is a biotechnology company focused on developing cellular therapies for cancer, diabetes and malignant ascites based upon a proprietary cellulose-based live cell encapsulation technology known as “Cell-in-a-Box ® ® The Company is a Nevada corporation incorporated in 1996. In 2013, the Company restructured its operations to focus on biotechnology. The Company acquired licenses from SG Austria Pte. Ltd., a Singapore corporation (“SG Austria”) to treat cancer and Austrianova Singapore Pte. Ltd., a Singapore corporation (“Austrianova Singapore”) to treat diabetes using the Cell-in-the-Box technology. The restructuring resulted in the Company focusing all its efforts upon the development of a novel, effective and safe way to treat cancer and diabetes. In January 2015, the Company changed its name from Nuvilex, Inc. to PharmaCyte Biotech, Inc. to reflect the nature of its current business. In October 2021, the Company moved its headquarters from Laguna Hills, California to Las Vegas, Nevada. On September 1, 2020, the Company submitted an Investigational New Drug Application (“IND”) to the United States Food and Drug Administration (“FDA”) for a planned clinical trial in LAPC. On October 1, 2020, the Company received notice from the FDA that it had placed the IND on clinical hold. On October 30, 2020, the FDA sent a letter to the Company setting forth the reasons for the clinical hold and specific guidance on what the Company must do to have the clinical hold lifted. To lift the clinical hold, the FDA informed the Company that it needs to conduct several additional preclinical studies. The FDA also requested additional information regarding several topics, including DNA sequencing data, manufacturing information and product release specifications. The Company has been in the process of conducting these studies and gathering additional information to submit to the FDA. See “Investigational New Drug Application and Clinical Hold” below. On August 15, 2022, the Company entered into a Cooperation Agreement (“Cooperation Agreement”) with Iroquois Master Fund Ltd. and its affiliates, pursuant to which the Company elected a reconstituted Board of Directors (“Board”). The Board has formed a Business Review Committee to evaluate, investigate and review the Company’s business, affairs, strategy, management and operations and in its sole discretion to make recommendations to the Company’s management and Board with respect thereto. The Business Review Committee is also reviewing many of the risks relative to the Company’s business. In addition, the Board is reviewing the Company’s development programs and its relationship with SG Austria, including that all licensed patents have expired, that know-how relating to the Company’s Cell-in-a-Box® technology solely resides with SG Austria, and that the incentives of SG Austria and its management may not be currently aligned with those of the Company. The Board has curtailed spending on the Company’s programs, including pre-clinical and clinical activities, until the review by the Business Review Committee and the Board is complete and the Board has determined the actions and plans to be implemented. The Business Review Committee’s recommendations will include potentially seeking a new framework for the Company’s relationship with SG Austria and its subsidiaries. In the event the Company is unsuccessful in seeking an acceptable new framework, the Company will reevaluate whether it should continue those programs which are dependent on SG Austria, including its development programs for LAPC, diabetes and malignant ascites. The issues involving SG Austria have delayed the Company’s timeline for addressing the FDA clinical hold for its planned clinical trial in LAPC and could result in other delays or termination of the development activities. In addition, the curtailment of spending on the Company’s programs pending the review by the Business Review Committee and the Board may cause additional delays. The Cell-in-a-Box ® The Company has been developing therapies for pancreatic and other solid cancerous tumors by using genetically engineered live human cells that it believes are capable of converting a cancer prodrug into its cancer-killing form. The Company encapsulates those cells using the Cell-in-a-Box ® The Company has also been developing a way to delay the production and accumulation of malignant ascites that results from many types of abdominal cancerous tumors. The Company’s therapy for malignant ascites involves using the same encapsulated cells it employs for pancreatic cancer but placing the encapsulated cells in the peritoneal cavity of a patient and administering ifosfamide intravenously. In addition to the two cancer programs discussed above, the Company has been working on ways to exploit the benefits of the Cell-in-a-Box ® Cannabis ® Finally, the Company has been developing a potential therapy for Type 1 diabetes and insulin-dependent Type 2 diabetes. The Company’s product candidate for the treatment of diabetes consists of encapsulated genetically modified insulin-producing cells. The encapsulation will be done using the Cell-in-a-Box ® Until the review by the Business Review Committee and the Board is complete and the Board has determined the actions and plans to be implemented, spending on the Company’s programs has been curtailed. Investigational New Drug Application and Clinical Hold On September 1, 2020, the Company submitted an IND to the FDA for a planned clinical trial in LAPC. On October 1, 2020, the Company received notice from the FDA that it had placed the Company’s IND on clinical hold. On October 30, 2020, the FDA sent the Company a letter setting forth the reasons for the clinical hold and providing specific guidance on what the Company must do to have the clinical hold lifted. In order to address the clinical hold, the FDA requested that the Company: · Provide additional sequencing data and genetic stability studies; · Conduct a stability study on ‌the Company’s final formulated product candidate as well as the cells from the Company’s Master Cell Bank; · Evaluate the compatibility of the delivery devices (the prefilled syringe and the microcatheter used to implant the CypCaps ™ · Provide additional detailed description of the manufacturing process of ‌the Company’s product candidate for pancreatic cancer; · Provide additional product release specifications for the Company’s encapsulated cells; · Demonstrate comparability between the 1 st nd · Conduct a biocompatibility assessment using the Company’s capsules material; · Address specified insufficiencies in the Chemistry, Manufacturing and Controls information in the cross-referenced Drug Master File; · Conduct an additional nonclinical study in a large animal (such as a pig) to assess the safety, activity, and distribution of the product candidate for pancreatic cancer; and · Revise the Investigators Brochure to include any additional preclinical studies conducted in response to the clinical hold and remove any statements not supported by the data the Company generated. The FDA also requested that the Company address the following issues as an amendment to the Company’s IND: · Provide a Certificate of Analysis for pc3/2B1 plasmid that includes tests for assessing purity, safety, and potency; · Perform qualification studies for the drug substance filling step to ensure that the Company’s product candidate for pancreatic cancer remains sterile and stable during the filling process; · Submit an updated batch analysis for the Company’s product candidate for the specific lot that will be used for manufacturing all future product candidates; · Provide additional details for the methodology for the Resorufin (CYP2B1) potency and the PrestoBlue cell metabolic assays; · Provide a few examples of common microcatheters that fit the specifications in ‌the Company’s Angiography Procedure Manual; · Clarify the language in ‌our Pharmacy Manual regarding proper use of the syringe fill with the Company’s product candidate for pancreatic cancer; and · Provide a discussion with data for trial of the potential for cellular and humoral immune reactivity against the heterologous rat CYP2B1 protein and potential for induction of autoimmune-mediated toxicities in ‌our study population. The Company assembled a scientific and regulatory team of experts to address the FDA requests. That team has been working diligently to complete the items requested by the FDA. The Company is conducting studies of the technology. The Company has completed the pilot study of two pigs and is evaluating the preliminary data before commencing the larger study of 90 pigs. Nasdaq Listing The Company’s common stock began trading on Nasdaq on August 10, 2021, under the symbol “PMCB.” Prior to that, the Company’s common stock was quoted on the OTCQB Market under the symbol “PMCB.” Increase in Authorized Shares On September 6, 2023, pursuant to stockholder approval received at a special meeting of stockholders, the Company filed with the Secretary of State of the State of Nevada a Certificate of Change to its Articles of Incorporation, as amended, to increase the number of authorized shares of common stock from 133,333,334 to 200,000,000 10,000,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company operates independently and through four wholly owned subsidiaries: (i) PharmaCyte Biotech Europe Limited; (ii) PharmaCyte Biotech Australia Pty. Ltd.; and (iii) Viridis Biotech, Inc. and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and the Rules and Regulations of the Commission. Upon consolidation, intercompany balances and transactions are eliminated. The Company’s 14.3 325 Investments Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in accordance with U.S. GAAP. U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company’s condensed consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company’s condensed consolidated financial position and results of operations. Cash and Cash Equivalents Cash and cash equivalents include cash in banks and short-term liquid investments purchased with maturities of three months or less. Intangible Assets The Financial Accounting Standards Board (“FASB”) standard on goodwill and other intangible assets prescribes a two-step process for impairment testing of goodwill and indefinite-lived intangibles, which is performed annually, as well as when an event triggering impairment may have occurred. The first step tests for impairment, while the second step, if necessary, measures the impairment. The Company has elected to perform its annual analysis at the end of its reporting year. The Company’s intangible assets are in process R&D obtained through the acquisition of licensing agreements related to the Cell-in-a-Box ® 1,549,427 2,000,000 3,549,427 These intangible assets have an indefinite life; therefore, they are not amortizable. The Company concluded that there was no Impairment of Long-Lived Assets The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be fully recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset are less than carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value. No Fair Value of Financial Instruments The carrying amounts reflected in the Condensed Consolidated Balance Sheets for payables approximate fair value due to the short maturities of these instruments. The carrying amounts for warrant liability and derivative liability represent fair value based on level 3 of the fair value hierarchy. Accounting Standards Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the Condensed Consolidated Balance Sheets for current assets and liabilities qualify as financial instruments and are a reasonable estimate of their fair values because of the short period between the origination of such instruments and their expected realization and their current market rate of interest. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of valuation hierarchy are defined as follows: · Level 1. Observable inputs such as quoted prices in active markets; · Level 2. Inputs, other than the quoted prices in active markets, which are observable either directly or indirectly; and · Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. These unobservable inputs are significant to the fair value measurement. Income Taxes Deferred taxes are calculated using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. A valuation allowance is provided for deferred income tax assets when, in management’s judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. The Company believes the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based on, among other things, an estimate of future taxable income in the U.S. and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material. In determining when to release the valuation allowance established against the Company’s net deferred income tax assets, the Company considers all available evidence, both positive and negative. Consistent with the Company’s policy, and because of the Company’s history of operating losses, the Company does not currently recognize the benefit of all its deferred tax assets, including tax loss carry forwards, which may be used to offset future taxable income. The Company continually assesses its ability to generate sufficient taxable income during future periods in which deferred tax assets may be realized. When the Company believes it is more likely than not that it will recover its deferred tax assets, the Company will reverse the valuation allowance as an income tax benefit in the condensed consolidated statements of operations. The U.S. GAAP method of accounting for uncertain tax positions utilizes a two-step approach to evaluate tax positions. Step one, recognition, requires evaluation of the tax position to determine if based solely on technical merits it is more likely than not to be sustained upon examination. Step two, measurement, is addressed only if a position is more likely than not to be sustained. In step two, the tax benefit is measured as the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon ultimate settlement with tax authorities. If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authorities or the statute of limitations expires. Positions previously recognized are derecognized when the Company subsequently determines the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates. Consideration of Inflation Reduction Act Excise Tax On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly-traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. Any redemption or other repurchase that occurs after December 31, 2022 in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and impact the Company’s ability to complete a Business Combination. The Company repurchased 8,163,988 26,622,277 78,109 164,953 266,223 Research and Development Research and development (“R&D”) expenses consist of costs incurred for direct and overhead-related research expenses and are expensed as incurred. Costs to acquire technologies, including licenses, which are utilized in research and development and that have no alternative future use are expensed when incurred. Technology developed for use in the Company’s product candidates is expensed as incurred until technological feasibility has been established. R&D costs for the three months ended October 31, 2023 and 2022 were $ 82,033 177,996 186,516 337,269 Stock-Based Compensation The Company recognizes stock-based compensation expense for only those awards ultimately expected to vest on a straight-line basis over the requisite service period of the award. The Company estimates the fair value of stock options using a Black-Scholes-Merton valuation model. This model requires the input of highly subjective assumptions, including the option’s expected term and stock price volatility. In addition, judgment is also required in estimating the number of stock-based awards that are expected to be forfeited. Forfeitures are estimated based on historical experience at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. Thus, if factors change and the Company uses different assumptions, the stock-based compensation expense could be materially different in the future. Concentration of Credit Risk The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains most of its cash balance at financial institutions located throughout the United States. Accounts at these institutions are insured by the Federal Deposit Insurance Corporation up to $ 250,000 24,264,000 1,060,000 Foreign Currency Translation The Company translates the financial statements of its foreign subsidiaries from the local (functional) currencies to U.S. dollars in accordance with FASB ASC 830, Foreign Currency Matters

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Oct. 31, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES	NOTE 3 – ACCRUED EXPENSES Accrued expenses at October 31, 2023 and April 30, 2023, are summarized below: Schedule of accrued expenses October 31, 2023 April 30, 2023 Payroll related costs $ 149,788 $ 112,894 R&D costs, including related parties 287,310 287,310 Director compensation 256,738 – Other, including excise tax on stock repurchases 324,319 58,096 Total $ 1,018,155 $ 458,300

COMMON STOCK TRANSACTIONS

COMMON STOCK TRANSACTIONS	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
COMMON STOCK TRANSACTIONS	NOTE 4 – COMMON STOCK TRANSACTIONS A summary of the Company’s compensatory stock activity and related weighted average grant date fair value information for the three and six months ended October 31, 2023 and 2022 is as follows: In January 2022, the Company awarded 4,400 0 3,917 zero 6,667 During the six months ended October 31, 2022, three non-employee members of the Board were issued 1,002 0 0 0 2,278 zero All shares were issued without registration under the Securities Act of 1933 as amended (“Securities Act”) in reliance upon the exemption afforded by Section 4(a)(2) of the Securities Act. There were no

STOCK OPTIONS AND WARRANTS

STOCK OPTIONS AND WARRANTS	6 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK OPTIONS AND WARRANTS	NOTE 5 – STOCK OPTIONS AND WARRANTS 2022 Equity Incentive Plan Effective December 28, 2022, the Company implemented the 2022 Equity Incentive Plan (“2022 Equity Plan”) as approved by the Company’s stockholders. The 2022 Equity Plan is administered by the Compensation Committee of the Board and has 2,750,000 Stock Options As of October 31, 2023, the Company had 279,802 During the six months ended October 31, 2023 and 2022, the Company granted 0 1,002 The fair value of the Employee Options at the date of grant was estimated using the Black-Scholes-Merton option-pricing model, based on the following weighted average assumptions: Schedule of assumptions for options Six Months Ended October 31, 2023 2022 Risk-free interest rate – 2.9 Expected volatility – 139 Expected lives (years) – 2.5 Expected dividend yield – 0.00 The Company’s computation of expected volatility is based on the historical daily volatility of its publicly traded stock. For stock option grants issued during the six months ended October 31, 2023 and 2022, the Company used a calculated volatility for each grant based on the Company’s historical stock values. The Company lacks adequate information about the exercise behavior now and has determined the expected term assumption under the simplified method provided for under ASC 718, which averages the contractual term of the Company’s stock options of five years with the average vesting term of two and one-half years for an average of three years. The dividend yield assumption of zero is based upon the fact the Company has never paid cash dividends and presently has no intention of paying cash dividends. The risk-free interest rate used for each grant is equal to the U.S. Treasury rates in effect at the time of the grant for instruments with a similar expected life. A summary of the Company’s stock option activity and related information for the six months ended October 31, 2023, are shown below: Schedule of stock option activity Options Number of Options Weighted Average Grant Date Fair Value per Share Outstanding, April 30, 2023 281,269 $ 6.94 Issued – – Expired (1,467 ) 89.10 Outstanding, October 31, 2023 279,802 $ 6.50 Exercisable, October 31, 2023 279,802 $ 6.50 Vested and expected to vest 279,802 $ 6.50 There were no The Company recorded $ 0 4,213 0 8,808 zero The following table summarizes the outstanding stock options by exercise price at October 31, 2023: Schedule of options by exercise price Exercise Price Number of Weighted Weighted Number of Weighted Average $ 74.25 6,000 0.23 $ 74.25 6,000 $ 74.25 $ 57.00 800 0.90 $ 57.00 800 $ 57.00 $ 60.60 667 0.25 $ 60.60 667 $ 60.60 $ 55.50 333 0.33 $ 55.50 333 $ 55.50 $ 51.00 333 0.47 $ 51.00 333 $ 51.00 $ 61.20 6,000 0.70 $ 61.20 6,000 $ 61.20 $ 36.00 667 0.75 $ 36.00 667 $ 36.00 $ 37.05 333 0.83 $ 37.05 333 $ 37.05 $ 15.75 333 0.97 $ 15.75 333 $ 15.75 $ 10.05 6,000 1.30 $ 10.05 6,000 $ 10.05 $ 26.55 667 1.25 $ 26.55 667 $ 26.55 $ 16.20 333 1.33 $ 16.20 333 $ 16.20 $ 3.19 334 1.47 $ 3.19 334 $ 3.19 $ 2.50 6,000 1.90 $ 2.50 6,000 $ 2.50 $ 2.29 668 1.75 $ 2.29 668 $ 2.29 $ 2.24 334 1.83 $ 2.24 334 $ 2.24 $ 2.97 250,000 9.04 $ 2.97 250,000 $ 2.97 Total 279,802 8.19 $ 6.50 279,802 $ 6.50 The aggregate intrinsic value of outstanding options as of October 31, 2023 was $ 0 Warrants Pursuant to the Private Placement (as defined below), the Company issued investors Warrants (as defined below) to purchase 8,750,000 4.00 The Warrants were determined to be within the scope of ASC 480-10 as they are puttable to the Company at Holders’ election upon the occurrence of a Fundamental Transaction (as defined in the agreements). As such, the Company recorded the Warrants as a liability at fair value with subsequent changes in fair value recognized in earnings. The Company utilized the Black-Scholes-Merton Model to calculate the value of the Warrants issued during the six months ended October 31, 2023. The fair value of the Warrants of approximately $ 14,127,000 Transaction costs incurred attributable to the issuance of the Warrants of approximately $ 0.9 During the six months ended October 31, 2023, the Company recorded a gain of approximately $ 2,623,000 11,504,000 A summary of the Company’s warrant activity and related information for the six months ended October 31, 2023, are shown below: Schedule of warrant activity Warrants Weighted Per Share Outstanding, April 30, 2023 9,890,847 $ 4.99 Issued 8,750,000 4.00 Exercised (70,000 ) – Expired – – Outstanding, October 31, 2023 18,570,847 – Exercisable, October 31, 2023 18,570,847 $ 4.54 The following table summarizes additional information concerning warrants outstanding and exercisable at October 31, 2023: Schedule of warrants outstanding and exercisable Exercise Prices Number of Weighted Weighted $ 4.25 1,506,141 2.78 $ 5.3125 264,706 2.78 $ 5.00 7,000,000 2.82 $ 6.25 1,050,000 2.80 $ 4.00 8,750,000 4.53 18,570,847 3.62 $ 4.54

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	6 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
LEGAL PROCEEDINGS	NOTE 6 – LEGAL PROCEEDINGS The Company is not currently a party to any pending legal proceedings, material or otherwise. There are no legal proceedings to which any property of the Company is subject.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Oct. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS The Company had the following related party transactions during the three and six months ended October 31, 2023 and 2022, respectively. The Company owns 14.3% 0 4,700 0 64,000 In April 2014, the Company entered the Vin-de-Bona Consulting Agreement pursuant to which it agreed to provide professional consulting services to the Company. Vin-de-Bona is owned by Prof. Günzburg and Dr. Salmons, both of whom are involved in numerous aspects of the Company’s scientific endeavors relating to cancer and diabetes (Prof. Günzburg is the Chairman of Austrianova, and Dr. Salmons is the Chief Executive Officer and President of Austrianova). The term of the agreement is for 12 months and is automatically renewable for successive 12-month terms. After the initial term, either party can terminate the agreement by giving the other party 30 days’ written notice before the effective date of termination. To date, the agreement has been automatically renewed annually. The amounts incurred for the three months ended October 31, 2023 and 2022, were approximately $ 2,600 2,400 2,700 47,500

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES The Company acquires assets still in development and enters R&D arrangements with third parties that often require milestone and royalty payments to the third-party contingent upon the occurrence of certain future events linked to the success of the asset in development. Milestone payments may be required, contingent upon the successful achievement of an important point in the development lifecycle of the pharmaceutical product (e.g., approval of the product for marketing by a regulatory agency). If required by the license agreements, the Company may have to make royalty payments based upon a percentage of the sales of the pharmaceutical products if regulatory approval for marketing is obtained. Office Lease In January 2022, the Company entered into a six-month lease of the Las Vegas, Nevada office space, commencing on May 1, 2022, which expired on October 31, 2022. In July 2022, the Company entered into an additional six-month lease of the Las Vegas, Nevada office space, commencing on November 1, 2022, which expired on April 30, 2023. In January 2023, the Company entered into a month-to-month agreement of the Las Vegas office space, commencing on May 1, 2023. Additionally, the Company rents storage space pursuant to a month-to-month agreement in Laguna Hills, California. Rent expenses for the office for the three and six months ended October 31, 2023 were $ 6,631 15,598 5,760 11,252 With the month-to-month office rental agreements there are no aggregate future minimum lease payments required to be made. Compensation Agreements On January 1, 2022, the Company entered into an amended and restated executive compensation agreement with Carlos A. Trujillo, the Company’s Chief Financial Officer. The compensation agreement for Mr. Trujillo has a term of three years, with automatic renewals unless the Company or Mr. Trujillo provides written notice of termination at least ninety days prior to the end of the current term. As of October 31, 2023, the Company had five directors. Each non-employee director was entitled to receive $12,500 in cash for each calendar quarter of service on the Board. Effective November 20, 2023, each non-employee director is entitled to receive $15,000 each quarter of service on the Board, plus an additional $2,500 quarterly for each non-employee director who serves as chair of the Board’s audit committee, compensation committee or nominating and corporate governance committee. On August 15, 2022, the Company and the Board: (i) accepted the previously tendered irrevocable resignation of each of Dr. Matthias Löhr, Dr. Raymond C.F. Tong, Thomas Liquard, Dr. Gerald W. Crabtree, and Carlos A. Trujillo, as members of the Board, and (ii) appointed Jonathan L. Schechter, Joshua N. Silverman, Daniel Allen, Daniel S. Farb, and Jack E. Stover as independent members of the Board, effective immediately, each with a term expiring at the Company’s 2022 annual meeting of shareholders or until such person’s earlier death, resignation, disqualification or removal. On November 1, 2022, Jack E. Stover notified the Company of his decision to resign from the Board effective immediately. On November 14, 2022, in accordance with the recommendation of the Company’s Nominating Committee, Robert Weinstein was appointed to serve as a director of the Board and the Chairperson of the Audit Committee, with a term expiring at the Company’s annual meeting of shareholders or until death, resignation, disqualification or removal. On November 14, 2022, the Board approved the employment of Mr. Joshua Silverman as the Interim Chief Executive Officer, Interim President and Interim Chairman of the Board on a month-to-month basis. Upon Mr. Silverman accepting employment he was no longer an independent director. On December 28, 2022, the Company held its annual meeting of stockholders. The stockholders voted to elect the following directors to serve one-year terms expiring at the annual meeting of stockholders to be held during the year ended April 30, 2024: Joshua N. Silverman, Jonathan L. Schechter, Michael M. Abecassis, Robert Weinstein and Wayne R. Walker. Service Agreements The Company has entered into several service agreements with independent and related parties pursuant to which services will be provided over a specified period-of-time related to the IND which the FDA has placed on clinical hold. The services include regulatory affairs strategy, advice and follow up work on the IND and services related to having the clinical hold lifted. The total cost is estimated to be approximately $392,000, of which the related party (SG Austria and its subsidiaries) portion will be approximately $157,000. These amounts take into account some of the cost associated with the work and preclinical studies required to lift the clinical hold.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Oct. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 – INCOME TAXES At October 31, 2023, the Company had federal and state net operating loss carryforwards of approximately $ 57,154,000 48,945,000 20,094,000 8,137,000 4,220,000 696,000 Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. Based on the assessment of all available evidence including, but not limited to, the Company’s limited operating history in its core business and lack of profitability, uncertainties of the commercial viability of its technology, the impact of government regulations and healthcare reform initiatives and other risks normally associated with biotechnology companies, the Company has concluded that is more likely than not that these operating loss carryforwards will not be realized. Accordingly, 100% of the deferred tax valuation allowance has been recorded against these assets. The Company’s policy is to recognize any interest and penalties related to unrecognized tax benefits as a component of income tax expense. As of the six months ended October 31, 2023 and 2022, the Company had accrued no See Note 9 of Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended April 30, 2023, for additional information regarding income taxes.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 10 – EARNINGS PER SHARE Basic earnings (loss) per share is computed by dividing earnings (loss) available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares and potentially dilutive shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would be outstanding if the potentially dilutive securities had been issued. Potential shares of common stock outstanding principally include preferred stock, stock options and warrants. During the three and six months ended October 31, 2023 and 2022, the Company incurred losses attributable to common stockholders. Accordingly, the effect of any common stock equivalent would be anti-dilutive during those periods and are not included in the calculation of diluted weighted average number of shares outstanding. The table below sets forth the basic loss per share calculations: Schedule of basic loss per share Three Months Ended October 31, 2023 2022 Net loss attributable to common stockholders $ (2,258,087 ) $ (1,880,507 ) Basic and diluted weighted average number of shares outstanding 8,765,134 20,585,451 Basic and diluted loss per share $ (0.26 ) $ (0.09 ) Six Months Ended October 31, 2023 2022 Net loss attributable to common stockholders $ (9,033,266 ) $ (3,425,519 ) Basic and diluted weighted average number of shares outstanding 10,683,514 20,742,383 Basic and diluted loss per share $ (0.85 ) $ (0.17 ) The table below sets forth these potentially dilutive securities: Schedule of potentially dilutive securities Three and Six Months Ended October 31, 2023 2022 Excluded options 279,802 37,936 Excluded warrants 18,570,847 9,890,847 Series B convertible preferred stock 8,035,940 – Total preferred stock, options and warrants 26,886,589 9,928,783

PREFERRED STOCK

PREFERRED STOCK	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
PREFERRED STOCK	NOTE 11 – PREFERRED STOCK The Company has authorized 10,000,000 0.0001 35,000 31,480 zero 3,520 zero On May 10, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”), pursuant to which it agreed to sell to the Investors (i) an aggregate of 35,000 shares of the Company’s newly-designated Series B convertible preferred stock with a stated value of $1,000 per share, initially convertible into up to 8,750,000 shares of the Company’s common stock, par value $0.0001 per share at a conversion price of $4.00 per share (the “Preferred Shares”), and (ii) warrants to acquire up to an aggregate of 8,750,000 shares of common stock (the “Warrants”) (collectively, the “Private Placement”). The terms of the Preferred Shares are as set forth in a Certificate of Designations (the “Certificate of Designations”), which was filed with the Secretary of the State of Nevada on May 10, 2023. The Preferred Shares are convertible into common stock (the “Conversion Shares”) at the election of the holder at any time at an initial conversion price of $4.00 (the “Conversion Price”). The Conversion Price is subject to customary adjustments for stock dividends, stock splits, reclassifications and the like, and subject to price-based adjustment in the event of any issuances of common stock, or securities convertible, exercisable or exchangeable for common stock, at a price below the then-applicable Conversion Price (subject to certain exceptions). The Company is required to settle the Preferred Shares in equal monthly installments, commencing on November 9, 2023. The amortization payments due upon such redemption are payable, at the Company’s election, in cash, or subject to certain limitations, in shares of common stock valued at the lower of (i) the Conversion Price then in effect and (ii) the greater of (A) a 20% discount to the average of the three lowest closing prices of the Company’s common stock during the thirty trading day period immediately prior to the date the amortization payment is due or (B) the lower of $0.556 and 20% of the Minimum Price (as defined in Rule 5635 of the Rule of the Nasdaq Stock Market) on the date of receipt of Nasdaq Stockholder Approval (as defined below); provided that if the amount set forth in clause B is the lowest effective price, the Company will be required to pay the amortization payment in cash. The Company may require holders to convert their Preferred Shares into Conversion Shares if the closing price of the common stock exceeds $6.00 per share for 20 consecutive trading days and the daily trading volume of the common stock exceeds 1,000,000 shares per day during the same period and certain equity conditions described in the Certificate of Designations are satisfied. The holders of the Preferred Shares are entitled to dividends of 4% per annum, compounded monthly, which are payable in cash or shares of common stock at the Company’s option, in accordance with the terms of the Certificate of Designations. Upon the occurrence and during the continuance of a Triggering Event (as defined in the Certificate of Designations), the Preferred Shares will accrue dividends at the rate of 15% per annum. The holders of Preferred Shares have no voting rights on account of the Preferred Shares, other than with respect to certain matters affecting the rights of the Preferred Shares. Notwithstanding the foregoing, the Company’s ability to settle conversions and make amortization payments using shares of common stock is subject to certain limitations set forth in the Certificate of Designations, including a limit on the number of shares that may be issued until the time, if any, that the Company’s stockholders have approved the issuance of more than 19.9% of the Company’s outstanding shares of common stock in accordance with Nasdaq listing standards (the “Nasdaq Stockholder Approval”). The Company received Nasdaq Stockholder Approval at its special meeting of stockholders held on August 31, 2023. Further, the Certificate of Designations contains a certain beneficial ownership limitation after giving effect to the issuance of shares of common stock issuable upon conversion of, or as part of any amortization payment under, the Certificate of Designations or Warrants. The Certificate of Designations includes certain Triggering Events (as defined in the Certificate of Designations), including, among other things, the failure to file and maintain an effective registration statement covering the sale of the holder’s securities registrable pursuant to a registration rights agreement entered into by the Company and the Investors simultaneously with the Purchase Agreement and the Company’s failure to pay any amounts due to the holders of the Preferred Shares when due. In connection with a Triggering Event, each holder of Preferred Shares will be able to require the Company to redeem in cash any or all of the holder’s Preferred Shares at a premium set forth in the Certificate of Designations. The Preferred Shares were determined to be more akin to a debt-like host than an equity-like host. The Company identified the following embedded features that are not clearly and closely related to the debt host instrument: 1) an installment redemption upon an Equity Conditions Failure (as defined in the Certificate of Designation), and 2) variable share-settled installment conversion. These features were bundled together, assigned probabilities of being affected and measured at fair value. Subsequent changes in the fair value of these features are recognized in the Condensed Consolidated Statements of Operations. The Company estimated the $2.8 million fair value of the bifurcated embedded derivative at issuance using a Monte Carlo simulation model, with the following inputs: the fair value of the Company’s common stock of $2.74 on the issuance date, estimated equity volatility of 55.0%, estimated traded volume volatility of 355.0%, the time to maturity of 1.50 years, a discounted market interest rate of 15.9%, a risk free rate of 4.3%, dividend rate of 4.0%, a penalty dividend rate of 15.0%, and probability of default of 27.0%. The fair value of the bifurcated derivative liability was estimated utilizing the with and without method which uses the probability weighted difference between the scenarios with the derivative and the plain vanilla maturity scenario without a derivative. The discount to the fair value is included as a reduction to the carrying value of the Preferred Shares. During the six months ended October 31, 2023, the Company recorded a total discount of approximately $ 18.2 2.8 1.3 14.1 During the six months ended October 31, 2023, the Company recorded a gain of approximately $ 1.3 4.1 During the three and six months ended October 31, 2023, the Company p rovided installment notices to the holders for the November and December installments, which installments were elected by the Company to be redeemed for cash. As a result, the Company reclassified the proportion of the installment amounts that were not deferred by the holders, inclusive of accrued dividends and cash premium, to the Accrued Series B convertible preferred stock redemptions and dividends liability account on the Condensed Consolidated Balance Sheets, 3,520,833 361,718 4,461,097 7,733,130 212,719 As of October 31, 2023, the Company has reclassified a portion of the Preferred Shares to an accrued liability for the first two installment redemptions owed to investors in cash of $4,095,271 which includes $3,520,833 of the stated value of the Preferred Shares, $354,377 of dividends payable, and $220,060 of additional 6% cash premium pursuant to the terms of the Series B Preferred stock. The Company provided notice to the investors of their intent to redeem the first two installments in cash prior to October 31, 2023. The Company has one share of preferred stock designated as “Series A Preferred Stock” as of October 31, 2023 and April 30, 2023, there were no shares of Series A Preferred Stock issued and outstanding. The description of the Series A Preferred Stock below is qualified in its entirety by reference to the Company’s Articles of Incorporation, as amended. The Series A Preferred Stock has the following features: · There is one share of preferred stock designated as Series A Preferred Stock; · The Series A Preferred Stock has a number of votes at any time equal to the number of votes then held by all other shareholders of the Company having a right to vote on any matter plus one. The Certificate of Designations that designated the terms of the Series A Preferred Stock cannot be amended without the consent of the holder of the Series A Preferred Stock; · The Company may redeem the Series A Preferred Stock at any time for a redemption price of $1.00 paid to the holder of the share of Series A Preferred Stock; and · The Series A Preferred Stock has no rights of transfer, conversion, dividends, preferences upon liquidation or participation in any distributions to shareholders.

TREASURY STOCK

TREASURY STOCK	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
TREASURY STOCK	NOTE 12 – TREASURY STOCK In May 2022, the Board authorized a share repurchase program to acquire its outstanding common stock for up to $ 10 78,109 4,886,207 13,727,225 6,272,775 Tender Offer On May 11, 2023, the Company commenced a tender offer, in accordance with Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended, to purchase up to 7,750,000 shares of its common stock, par value $0.0001 per share, at a price of $3.25 per share. The tender offer expired one minute after 11:59 p.m. on June 9, 2023, and following such expiration the Company accepted for purchase a total of 8,085,879 26,721,897 As of October 31, 2023, the total number of shares held in Treasury Stock is 12,972,086 40,449,123

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 13 – FAIR VALUE MEASUREMENTS Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management as of and during the six months ended October 31, 2023. The carrying amounts of cash equivalents, other current assets, accounts payable and accrued expenses approximate their fair values at October 31, 2023 due to their short-term nature. The fair value of the bifurcated embedded derivative related to the convertible preferred stock was estimated using a Monte Carlo simulation model, which uses as inputs the fair value of the Company’s common stock and guideline companies estimates for the equity volatility and traded volume volatility of our common stock, the time maturity of the convertible preferred stock, the risk-free interest rate for a period of time that approximates the time to maturity, dividend rate, a penalty dividend rate and the probability of default. The fair value of the warrant liability was estimated using the Black Scholes Merton Model which uses as inputs the following weighted average assumptions, as noted above: dividend yield, expected terms in years, equity volatility and risk-free rate. Fair Value on a Recurring Basis The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported and reported at fair at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. The estimated fair value of the warrant liability and bifurcated embedded derivative represent Level 3 measurements. The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at October 31, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Schedule of liabilities measured at fair value on a recurring basis Description Level October 31, 2023 April 30, 2023 Liabilities: Warrant liability (Note 5) 3 $ 11,504,000 $ – Bifurcated embedded derivative (Note 11) 3 $ 4,069,000 $ – The following table sets forth a summary of the change in the fair value of the warrant liability that is measured at fair value on a recurring basis. Schedule of change in the fair value of the warrant liability October 31, 2023 Balance on April 30, 2023 $ – Issuance of warrants 14,127,000 Change in fair value of warrant liability (2,623,000 ) Balance on October 31, 2023 $ 11,504,000 The following table sets forth a summary of the change in the fair value of the bifurcated embedded derivative liability that is measured on a recurring basis: October 31, 2023 Balance on April 30, 2023 $ – Issuance of convertible preferred stock with bifurcated embedded derivative liability 2,770,000 Change in fair value of bifurcated embedded derivative 1,299,000 Balance on October 31, 2023 $ 4,069,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS Securities Purchase Agreement On November 14, 2023, the Company entered into a Securities Purchase Agreement (the “Femasys Purchase Agreement”) with Femasys (“Femasys”)pursuant to which the Company purchased (i) senior unsecured convertible notes in an aggregate principal amount of $5 million, convertible into shares of Femasys common stock at a conversion price of $1.18 per share, (ii) Series A warrants to purchase up to an aggregate of 4,237,288 shares of Femasys common stock at an exercise price of $1.18 and (iii) Series B warrants to purchase an aggregate of 4,237,288 shares of Femasys common stock at an exercise price $1.475 per share. Cash and Stock Options Granted On November 20, 2023, the Company’s Board approved (i) one-time cash grants to Joshua Silverman and Carlos Trujillo in the amounts of $100,000 and $50,000, respectively, and (ii) options to purchase up to 170,000 shares and 85,000 shares, respectively, at an exercise price of $2.18 per share. The options vested 50% immediately, and the remaining 50% will vest on the one-year anniversary of the grant date. On November 20, 2023, the Board granted to each non-employee director (i) a cash retainer fee of $60,000 and (ii) options to purchase 61,248 shares at an exercise price of $2.18 per share, vesting in full on the first business day after the Company’s next annual meeting of stockholders. Additionally, the Board granted each non-employee director who chairs the audit, compensation or nominating and corporate governance committees an additional cash retainer fee of $10,000. On November 20, 2023, the Board adopted a non-employee director compensation policy, which provides for the automatic annual grant of nonqualified stock options with a grant date fair value of $60,000 to each non-employee director. Such grants shall occur annually on the first business day after the Company’s annual meeting of stockholders and shall vest on the one-year anniversary of the grant date, subject to the director’s continued service on the Board on the vesting date. The policy also provides for the payment of an annual $60,000 cash retainer fee to each non-employee director, plus, for each non-employee director who chairs the audit, compensation or nominating and corporate governance committees, an additional annual $10,000 cash retainer fee. Finally, the policy provides for the automatic grant of nonqualified stock options with a grant date fair value of $50,000 to each new non-employee director upon joining the Board. On November 20, 2023, the Company Board established a Strategic Scientific Committee. The committee will initially consist of two members. The Chair of the committee will be Dr. Michael Abecassis. Dr. Abecassis will receive a monthly retainer fee of $3,500. Stock Repurchase From November 1, 2023 to December 13, 2023, the Company repurchased 84,352 shares of common stock through the stock repurchase program for $187,363.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. The Company operates independently and through four wholly owned subsidiaries: (i) PharmaCyte Biotech Europe Limited; (ii) PharmaCyte Biotech Australia Pty. Ltd.; and (iii) Viridis Biotech, Inc. and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and the Rules and Regulations of the Commission. Upon consolidation, intercompany balances and transactions are eliminated. The Company’s 14.3 325 Investments
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in accordance with U.S. GAAP. U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company’s condensed consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company’s condensed consolidated financial position and results of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash in banks and short-term liquid investments purchased with maturities of three months or less.
Intangible Assets	Intangible Assets The Financial Accounting Standards Board (“FASB”) standard on goodwill and other intangible assets prescribes a two-step process for impairment testing of goodwill and indefinite-lived intangibles, which is performed annually, as well as when an event triggering impairment may have occurred. The first step tests for impairment, while the second step, if necessary, measures the impairment. The Company has elected to perform its annual analysis at the end of its reporting year. The Company’s intangible assets are in process R&D obtained through the acquisition of licensing agreements related to the Cell-in-a-Box ® 1,549,427 2,000,000 3,549,427 These intangible assets have an indefinite life; therefore, they are not amortizable. The Company concluded that there was no
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be fully recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset are less than carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value. No
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts reflected in the Condensed Consolidated Balance Sheets for payables approximate fair value due to the short maturities of these instruments. The carrying amounts for warrant liability and derivative liability represent fair value based on level 3 of the fair value hierarchy. Accounting Standards Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the Condensed Consolidated Balance Sheets for current assets and liabilities qualify as financial instruments and are a reasonable estimate of their fair values because of the short period between the origination of such instruments and their expected realization and their current market rate of interest. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of valuation hierarchy are defined as follows: · Level 1. Observable inputs such as quoted prices in active markets; · Level 2. Inputs, other than the quoted prices in active markets, which are observable either directly or indirectly; and · Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. These unobservable inputs are significant to the fair value measurement.
Income Taxes	Income Taxes Deferred taxes are calculated using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. A valuation allowance is provided for deferred income tax assets when, in management’s judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. The Company believes the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based on, among other things, an estimate of future taxable income in the U.S. and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material. In determining when to release the valuation allowance established against the Company’s net deferred income tax assets, the Company considers all available evidence, both positive and negative. Consistent with the Company’s policy, and because of the Company’s history of operating losses, the Company does not currently recognize the benefit of all its deferred tax assets, including tax loss carry forwards, which may be used to offset future taxable income. The Company continually assesses its ability to generate sufficient taxable income during future periods in which deferred tax assets may be realized. When the Company believes it is more likely than not that it will recover its deferred tax assets, the Company will reverse the valuation allowance as an income tax benefit in the condensed consolidated statements of operations. The U.S. GAAP method of accounting for uncertain tax positions utilizes a two-step approach to evaluate tax positions. Step one, recognition, requires evaluation of the tax position to determine if based solely on technical merits it is more likely than not to be sustained upon examination. Step two, measurement, is addressed only if a position is more likely than not to be sustained. In step two, the tax benefit is measured as the largest amount of benefit, determined on a cumulative probability basis, which is more likely than not to be realized upon ultimate settlement with tax authorities. If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authorities or the statute of limitations expires. Positions previously recognized are derecognized when the Company subsequently determines the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates.
Consideration of Inflation Reduction Act Excise Tax	Consideration of Inflation Reduction Act Excise Tax On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly-traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. Any redemption or other repurchase that occurs after December 31, 2022 in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and impact the Company’s ability to complete a Business Combination. The Company repurchased 8,163,988 26,622,277 78,109 164,953 266,223
Research and Development	Research and Development Research and development (“R&D”) expenses consist of costs incurred for direct and overhead-related research expenses and are expensed as incurred. Costs to acquire technologies, including licenses, which are utilized in research and development and that have no alternative future use are expensed when incurred. Technology developed for use in the Company’s product candidates is expensed as incurred until technological feasibility has been established. R&D costs for the three months ended October 31, 2023 and 2022 were $ 82,033 177,996 186,516 337,269
Stock-Based Compensation	Stock-Based Compensation The Company recognizes stock-based compensation expense for only those awards ultimately expected to vest on a straight-line basis over the requisite service period of the award. The Company estimates the fair value of stock options using a Black-Scholes-Merton valuation model. This model requires the input of highly subjective assumptions, including the option’s expected term and stock price volatility. In addition, judgment is also required in estimating the number of stock-based awards that are expected to be forfeited. Forfeitures are estimated based on historical experience at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The assumptions used in calculating the fair value of share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management’s judgment. Thus, if factors change and the Company uses different assumptions, the stock-based compensation expense could be materially different in the future.
Concentration of Credit Risk	Concentration of Credit Risk The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains most of its cash balance at financial institutions located throughout the United States. Accounts at these institutions are insured by the Federal Deposit Insurance Corporation up to $ 250,000 24,264,000 1,060,000
Foreign Currency Translation	Foreign Currency Translation The Company translates the financial statements of its foreign subsidiaries from the local (functional) currencies to U.S. dollars in accordance with FASB ASC 830, Foreign Currency Matters

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Oct. 31, 2023
Payables and Accruals [Abstract]
Schedule of accrued expenses	Schedule of accrued expenses October 31, 2023 April 30, 2023 Payroll related costs $ 149,788 $ 112,894 R&D costs, including related parties 287,310 287,310 Director compensation 256,738 – Other, including excise tax on stock repurchases 324,319 58,096 Total $ 1,018,155 $ 458,300

STOCK OPTIONS AND WARRANTS (Tab

STOCK OPTIONS AND WARRANTS (Tables)	6 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of assumptions for options	Schedule of assumptions for options Six Months Ended October 31, 2023 2022 Risk-free interest rate – 2.9 Expected volatility – 139 Expected lives (years) – 2.5 Expected dividend yield – 0.00
Schedule of stock option activity	Schedule of stock option activity Options Number of Options Weighted Average Grant Date Fair Value per Share Outstanding, April 30, 2023 281,269 $ 6.94 Issued – – Expired (1,467 ) 89.10 Outstanding, October 31, 2023 279,802 $ 6.50 Exercisable, October 31, 2023 279,802 $ 6.50 Vested and expected to vest 279,802 $ 6.50
Schedule of options by exercise price	Schedule of options by exercise price Exercise Price Number of Weighted Weighted Number of Weighted Average $ 74.25 6,000 0.23 $ 74.25 6,000 $ 74.25 $ 57.00 800 0.90 $ 57.00 800 $ 57.00 $ 60.60 667 0.25 $ 60.60 667 $ 60.60 $ 55.50 333 0.33 $ 55.50 333 $ 55.50 $ 51.00 333 0.47 $ 51.00 333 $ 51.00 $ 61.20 6,000 0.70 $ 61.20 6,000 $ 61.20 $ 36.00 667 0.75 $ 36.00 667 $ 36.00 $ 37.05 333 0.83 $ 37.05 333 $ 37.05 $ 15.75 333 0.97 $ 15.75 333 $ 15.75 $ 10.05 6,000 1.30 $ 10.05 6,000 $ 10.05 $ 26.55 667 1.25 $ 26.55 667 $ 26.55 $ 16.20 333 1.33 $ 16.20 333 $ 16.20 $ 3.19 334 1.47 $ 3.19 334 $ 3.19 $ 2.50 6,000 1.90 $ 2.50 6,000 $ 2.50 $ 2.29 668 1.75 $ 2.29 668 $ 2.29 $ 2.24 334 1.83 $ 2.24 334 $ 2.24 $ 2.97 250,000 9.04 $ 2.97 250,000 $ 2.97 Total 279,802 8.19 $ 6.50 279,802 $ 6.50
Schedule of warrant activity	Schedule of warrant activity Warrants Weighted Per Share Outstanding, April 30, 2023 9,890,847 $ 4.99 Issued 8,750,000 4.00 Exercised (70,000 ) – Expired – – Outstanding, October 31, 2023 18,570,847 – Exercisable, October 31, 2023 18,570,847 $ 4.54
Schedule of warrants outstanding and exercisable	Schedule of warrants outstanding and exercisable Exercise Prices Number of Weighted Weighted $ 4.25 1,506,141 2.78 $ 5.3125 264,706 2.78 $ 5.00 7,000,000 2.82 $ 6.25 1,050,000 2.80 $ 4.00 8,750,000 4.53 18,570,847 3.62 $ 4.54

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
Schedule of basic loss per share	Schedule of basic loss per share Three Months Ended October 31, 2023 2022 Net loss attributable to common stockholders $ (2,258,087 ) $ (1,880,507 ) Basic and diluted weighted average number of shares outstanding 8,765,134 20,585,451 Basic and diluted loss per share $ (0.26 ) $ (0.09 ) Six Months Ended October 31, 2023 2022 Net loss attributable to common stockholders $ (9,033,266 ) $ (3,425,519 ) Basic and diluted weighted average number of shares outstanding 10,683,514 20,742,383 Basic and diluted loss per share $ (0.85 ) $ (0.17 )
Schedule of potentially dilutive securities	Schedule of potentially dilutive securities Three and Six Months Ended October 31, 2023 2022 Excluded options 279,802 37,936 Excluded warrants 18,570,847 9,890,847 Series B convertible preferred stock 8,035,940 – Total preferred stock, options and warrants 26,886,589 9,928,783

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of liabilities measured at fair value on a recurring basis	Schedule of liabilities measured at fair value on a recurring basis Description Level October 31, 2023 April 30, 2023 Liabilities: Warrant liability (Note 5) 3 $ 11,504,000 $ – Bifurcated embedded derivative (Note 11) 3 $ 4,069,000 $ –
Schedule of change in the fair value of the warrant liability	Schedule of change in the fair value of the warrant liability October 31, 2023 Balance on April 30, 2023 $ – Issuance of warrants 14,127,000 Change in fair value of warrant liability (2,623,000 ) Balance on October 31, 2023 $ 11,504,000 The following table sets forth a summary of the change in the fair value of the bifurcated embedded derivative liability that is measured on a recurring basis: October 31, 2023 Balance on April 30, 2023 $ – Issuance of convertible preferred stock with bifurcated embedded derivative liability 2,770,000 Change in fair value of bifurcated embedded derivative 1,299,000 Balance on October 31, 2023 $ 4,069,000

NATURE OF BUSINESS (Details Nar

NATURE OF BUSINESS (Details Narrative) - shares	Oct. 31, 2023	Sep. 06, 2023	Apr. 30, 2023	Mar. 14, 2023
Common stock authorized shares	200,000,000		200,000,000
Preferred stock authorized shares	10,000,000		10,000,000
Common Stock [Member]
Common stock authorized shares		200,000,000
Preferred Stock [Member]
Preferred stock authorized shares				10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	May 11, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Dec. 31, 2023
Intangible assets		$ 3,549,427		$ 3,549,427
Impairment on intangible assets				0	$ 0
Impairment charges				$ 0	0
Stock Repurchased During Period, Shares	8,085,879	78,109		8,163,988
Payments for Repurchase of Common Stock		$ 164,953		$ 26,622,277	5,475,891
Accrual for Taxes Other than Income Taxes, Current		266,223		266,223
Research and Development Expense		82,033	$ 177,996	186,516	337,269
Federal deposit insurance amount		250,000		250,000
Aggregate uninsured balance		24,264,000	$ 1,060,000	24,264,000	$ 1,060,000
Cell In A Box [Member]
Intangible assets		1,549,427		1,549,427
Diabetes License [Member]
Intangible assets		$ 2,000,000		$ 2,000,000
S G Austria [Member]
Equity Method Investment, Ownership Percentage						14.30%

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Payables and Accruals [Abstract]
Payroll related costs	$ 149,788	$ 112,894
R&D costs, including related parties	287,310	287,310
Director compensation	256,738	0
Other, including excise tax on stock repurchases	324,319	58,096
Total	$ 1,018,155	$ 458,300

COMMON STOCK TRANSACTIONS (Deta

COMMON STOCK TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Class of Stock [Line Items]
Number of shares vested				0
Number of shares granted				0
Number of shares expired				0
Executive Officers [Member] | Common Stock [Member] | Compensation Agreement 2022 [Member]
Class of Stock [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture	4,400
Share-Based Payment Arrangement, Expense				$ 0	$ 3,917
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares		0	6,667	0	6,667
Three Nonemployee [Member] | Common Stock [Member] | Director Letter Agreement [Member]
Class of Stock [Line Items]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture					1,002
Share-Based Payment Arrangement, Expense		$ 0	$ 0	$ 0	$ 2,278
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares		0	0	0	0

STOCK OPTIONS AND WARRANTS (Det

STOCK OPTIONS AND WARRANTS (Details - Option Assumptions) - Employee Options [Member]	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Risk-free interest rate	0%	2.90%
Expected volatility	0%	139%
Expected lives (years)		2 years 6 months
Expected dividend yield	0%	0%

STOCK OPTIONS AND WARRANTS (D_2

STOCK OPTIONS AND WARRANTS (Details - Option activity)	6 Months Ended
	Oct. 31, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options outstanding, ending	279,802
Number of options exercisable	279,802
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options outstanding, beginning	281,269
Weighted average grant date fair value, beginning | $ / shares	$ 6.94
Number of options, issued	0
Weighted average grant date fair value, issued | $ / shares	$ 0
Number of options, expired	(1,467)
Weighted average grant date fair value, expired | $ / shares	$ 89.10
Number of options outstanding, ending	279,802
Weighted averagegrant date fair value, ending | $ / shares	$ 6.50
Number of options exercisable	279,802
Weighted average grant date fair value, exercisable | $ / shares	$ 6.50
Number of options vested and expected to vest	279,802
Weighted average grant date fair value, vested and expected to vest | $ / shares	$ 6.50

STOCK OPTIONS AND WARRANTS (D_3

STOCK OPTIONS AND WARRANTS (Details - Options by exercise price)	6 Months Ended
	Oct. 31, 2023 $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	279,802
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	8 years 2 months 8 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 6.50
Numer of Options Exercisable | shares	279,802
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 6.50
Exercise Price 74.25 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	6,000
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	2 months 23 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 74.25
Numer of Options Exercisable | shares	6,000
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 74.25
Exercise Price 57.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	800
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	10 months 24 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 57
Numer of Options Exercisable | shares	800
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 57
Exercise Price 60.60 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	667
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	3 months
Weighted Average Exercisable Price Per Share | $ / shares	$ 60.60
Numer of Options Exercisable | shares	667
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 60.60
Exercise Price 55.50 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	333
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	3 months 29 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 55.50
Numer of Options Exercisable | shares	333
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 55.50
Exercise Price 51.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	333
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	5 months 19 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 51
Numer of Options Exercisable | shares	333
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 51
Exercise Price 61.20 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	6,000
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	8 months 12 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 61.20
Numer of Options Exercisable | shares	6,000
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 61.20
Exercise Price 36.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	667
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	9 months
Weighted Average Exercisable Price Per Share | $ / shares	$ 36
Numer of Options Exercisable | shares	667
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 36
Exercise Price 37.05 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	333
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	9 months 29 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 37.05
Numer of Options Exercisable | shares	333
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 37.05
Exercise Price 15.75 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	333
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	11 months 19 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 15.75
Numer of Options Exercisable | shares	333
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 15.75
Exercise Price 10.05 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	6,000
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 3 months 18 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 10.05
Numer of Options Exercisable | shares	6,000
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 10.05
Exercise Price 26.55 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	667
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 3 months
Weighted Average Exercisable Price Per Share | $ / shares	$ 26.55
Numer of Options Exercisable | shares	667
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 26.55
Exercise Price 16.20 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	333
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 3 months 29 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 16.20
Numer of Options Exercisable | shares	333
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 16.20
Exercise Price 3.19 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	334
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 5 months 19 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 3.19
Numer of Options Exercisable | shares	334
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 3.19
Exercise Price 2.50 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	6,000
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 10 months 24 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 2.50
Numer of Options Exercisable | shares	6,000
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 2.50
Exercise Price 2.29 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	668
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 9 months
Weighted Average Exercisable Price Per Share | $ / shares	$ 2.29
Numer of Options Exercisable | shares	668
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 2.29
Exercise Price 2.24 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	334
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	1 year 9 months 29 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 2.24
Numer of Options Exercisable | shares	334
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 2.24
Exercise Price 2.97 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of Options Outstanding | shares	250,000
Weighted Average Remaining Contractual Life (Years) of Outstanding Options	9 years 14 days
Weighted Average Exercisable Price Per Share | $ / shares	$ 2.97
Numer of Options Exercisable | shares	250,000
Weighted Average Exercise Price of Exercisable Options | $ / shares	$ 2.97

STOCK OPTIONS AND WARRANTS (D_4

STOCK OPTIONS AND WARRANTS (Details - Warrant activity) - Warrant [Member]	6 Months Ended
	Oct. 31, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning balance | shares	9,890,847
Weighted average exercise price warrants outstanding, beginning balance | $ / shares	$ 4.99
Warrants issued | shares	8,750,000
Weighted average exercise price warrants issued | $ / shares	$ 4
Warrants exercised | shares	(70,000)
Weighted average exercise price warrants Exercised | $ / shares	$ 0
Warrants expired | shares	0
Weighted average exercise price warrants Expired | $ / shares	$ 0
Warrants outstanding, ending balance | shares	18,570,847
Weighted average exercise price warrants outstanding, ending balance | $ / shares	$ 0
Warrants exercisable | shares	18,570,847
Weighted average exercise price warrants exercisable | $ / shares	$ 4.54

STOCK OPTIONS AND WARRANTS (D_5

STOCK OPTIONS AND WARRANTS (Details - Warrants by exercise price) - Warrant [Member] - $ / shares	6 Months Ended
	Oct. 31, 2023	Apr. 30, 2023
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 0	$ 4.99
Number of warrants exercisable	18,570,847
Weighted average remaining contractual life (years)	3 years 7 months 13 days
Weighted average exercise price exercisable	$ 4.54
Exercisable Price 4.25 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 4.25
Number of warrants exercisable	1,506,141
Weighted average remaining contractual life (years)	2 years 9 months 10 days
Exercisable Price 5.3125 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 5.3125
Number of warrants exercisable	264,706
Weighted average remaining contractual life (years)	2 years 9 months 10 days
Exercisable Price 5.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 5
Number of warrants exercisable	7,000,000
Weighted average remaining contractual life (years)	2 years 9 months 25 days
Exercisable Price 6.25 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 6.25
Number of warrants exercisable	1,050,000
Weighted average remaining contractual life (years)	2 years 9 months 18 days
Exercisable Price 4.00 [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Warrants exercise prices	$ 4
Number of warrants exercisable	8,750,000
Weighted average remaining contractual life (years)	4 years 6 months 10 days

STOCK OPTIONS AND WARRANTS (D_6

STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
	May 10, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023	Dec. 28, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options outstanding		279,802		279,802
Unvested stock options				0
Share-Based Payment Arrangement, Noncash Expense				$ 0	$ 6,667
Change in fair value of warrant liability		$ 4,075,000	$ 0	$ 2,623,000	$ 0
Private Placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Purchase of common stock shares	8,750,000
Purchase of common stock price per share	$ 4
Fair value of warrants issued	$ 14,127,000
Transaction costs for issuance of warrants	$ 900,000
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options outstanding		279,802		279,802		281,269
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures				0
Aggregate intrinsic value		$ 0		$ 0
Equity Option [Member] | Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures				0	1,002
Share-Based Payment Arrangement, Noncash Expense		0	$ 4,213	$ 0	$ 8,808
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		$ 0		$ 0
Warrant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Purchase of common stock price per share		$ 0		$ 0		$ 4.99
Fair value of the warrants				$ 11,504,000
Equity Plan 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available							2,750,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
S G Austria [Member]
Related Party Transaction [Line Items]
Equity interest owned			14.3%
Purchases from related parties	$ 0	$ 4,700	$ 0	$ 64,000
Vin De Bona [Member]
Related Party Transaction [Line Items]
Consulting fees	$ 2,600	$ 2,400	$ 2,700	$ 47,500

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Rent and lease expense	$ 6,631	$ 5,760	$ 15,598	$ 11,252

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Oct. 31, 2023	Oct. 31, 2022
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 57,154,000
State net operating loss carryforwards	48,945,000
Accrued interest	0	$ 0
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	20,094,000
Net operating loss deferred tax assets	4,220,000
State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	8,137,000
Net operating loss deferred tax assets	$ 696,000

EARNINGS PER SHARE (Details - p

EARNINGS PER SHARE (Details - per share calculation) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Earnings Per Share [Abstract]
Net loss attributable to common stockholders	$ (2,258,087)	$ (1,880,507)	$ (9,033,266)	$ (3,425,519)
Basic and diluted weighted average number of shares outstanding	8,765,134	20,585,451	10,683,514	20,742,383
Earnings Per Share, Basic	$ (0.26)	$ (0.09)	$ (0.85)	$ (0.17)
Earnings Per Share, Diluted	$ (0.26)	$ (0.09)	$ (0.85)	$ (0.17)

EARNINGS PER SHARE (Details -

EARNINGS PER SHARE (Details - diluted shares) - shares	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	26,886,589	9,928,783
Equity Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	279,802	37,936
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	18,570,847	9,890,847
Preferred Stock Including Additional Paid in Capital [Member] | Series B Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	8,035,940	0

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	10,000,000	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Shares excluded for redemption	3,520	3,520	0	0
Loss on derivative liability		$ 1,300,000
Fair value of embedded derivative	$ 4,100,000	4,100,000
Payments for Repurchase of Redeemable Preferred Stock	3,520,833	3,520,833
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	361,718	361,718
Dividends, Preferred Stock, Cash	212,719
Preferred Stock [Member]
Class of Stock [Line Items]
Discount on fair value	18,200,000	18,200,000
Preferred Stock [Member] | Fair Value Of Embedded Derivative [Member]
Class of Stock [Line Items]
Discount on fair value	2,800,000	2,800,000
Preferred Stock [Member] | Stock Issuance Costs [Member]
Class of Stock [Line Items]
Discount on fair value	1,300,000	1,300,000
Preferred Stock [Member] | Fair Value Of Warrants [Member]
Class of Stock [Line Items]
Discount on fair value	$ 14,100,000	$ 14,100,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares designated	35,000	35,000
Preferred Stock, Shares Issued	31,480	31,480		0
Preferred Stock, Shares Outstanding	31,480	31,480		0
Accretion Expense	$ 4,461,097	$ 7,733,130

TREASURY STOCK (Details Narrati

TREASURY STOCK (Details Narrative) - USD ($)		3 Months Ended				6 Months Ended
	May 11, 2023	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2023	Apr. 30, 2023	May 31, 2022
Class of Stock [Line Items]
Aggregate purchase price	$ 26,721,897							$ 10,000,000
Number of shares repurchased						78,109
Number of shares repurchased	8,085,879	78,109				8,163,988
Number of shares repurchased, value		$ 166,603	$ 26,721,897	$ 3,385,044	$ 2,090,847
Stock repurchase program, remaining amount		$ 6,272,775				$ 6,272,775
Treasury stock, common shares		12,972,086				12,972,086	4,808,098
Total cost		$ 40,449,123				$ 40,449,123	$ 13,560,623
Treasury Stock, Common [Member]
Class of Stock [Line Items]
Number of shares repurchased						4,886,207
Number of shares repurchased, value						$ 13,727,225

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details - Fair value Level 3) (Details) - Fair Value, Recurring [Member] - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bifurcated embedded derivative	$ 11,504,000	$ 0
Bifurcated Embedded Derivative [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bifurcated embedded derivative	4,069,000	0
Fair Value, Inputs, Level 3 [Member] | Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bifurcated embedded derivative	11,504,000	0
Fair Value, Inputs, Level 3 [Member] | Bifurcated Embedded Derivative [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bifurcated embedded derivative	$ 4,069,000	$ 0

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details - Changes in fair value) (Details) - Fair Value, Recurring [Member]	6 Months Ended
	Oct. 31, 2023 USD ($)
Warrant Liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of the warrant liability at beginning	$ 0
Issuance of convertible preferred stock with bifurcated embedded derivative	14,127,000
Change in fair value of bifurcated embedded derivative	(2,623,000)
Fair value of the warrant liability at ending	11,504,000
Bifurcated Embedded Derivative [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of the warrant liability at beginning	0
Issuance of convertible preferred stock with bifurcated embedded derivative	2,770,000
Change in fair value of bifurcated embedded derivative	1,299,000
Fair value of the warrant liability at ending	$ 4,069,000