loss -- -- 734,143 --
Investment loss,
net -- 333,867 -- 573,357
Interest
(income)
expense, net (14,634) 19,696 (39,188) 41,553
Other, net 2,526 (1,544) (26,531) --
----------- ---------- ----------- -----------
Other expense 4,218,199 352,019 8,907,088 614,910
Net loss from
continuing
operations (13,334,618) (5,244,299) (25,750,994) (10,838,594)
Loss from
discontinued
operations -- (599,511) -- (842,084)
----------- ---------- ----------- -----------
Net loss $(13,334,618) $(5,843,810) $(25,750,994) $(11,680,678)
Loss per share -
basic and diluted $ (0.18) $ (0.11) $ (0.34) $ (0.21)
=========== ========== =========== ===========
Weighted average
shares outstanding
- basic and
diluted 76,184,777 55,606,336 75,342,629 55,270,838
=========== ========== =========== ===========
Condensed Consolidated Statements of Cash Flows
Six months ended
October 31,
--------------------------
2024 2023
Cash Flows from Operating
Activities
Net loss from continuing
operations $(25,750,994) $(10,838,594)
Non-cash expenses 12,662,208 3,411,397
Changes in operating assets and
liabilities 601,073 (3,813,162)
----------- -----------
Net cash used in operating
activities (12,487,713) (11,240,359)
Cash Flows from Investing
Activities
Proceeds from sale of equity
method investment and note
receivable 4,400,000 --
Proceeds from sale of marketable
securities -- 10,205,501
Other (123,793) (139,860)
----------- -----------
Net cash provided by investing
activities 4,276,207 10,065,641
Cash Flows from Financing
Activities
Proceeds from issuance of
convertible notes payable, net 7,681,000 --
Payments of debt obligations,
net (394,606) (279,126)
Payments related to employee
equity transactions (530,965) (16,292)
Proceeds from issuance of common
stock through ATM facility,
net -- 9,212
Net cash used in financing
activities 6,755,429 (286,206)
----------- -----------
Net cash used in discontinued
operations -- (384,094)
----------- -----------
Net decrease in Cash (1,456,077) (1,845,018)
Cash, beginning of period 6,067,169 3,260,305
----------- -----------
Cash, end of period 4,611,092 1,415,287
Less: Cash of discontinued
operations -- (6,310)
----------- -----------
Cash of continuing operations,
end of period 4,611,092 1,408,977
Marketable securities -- 2,615,289
----------- -----------
Cash of continuing operations and
marketable securities $ 4,611,092 $ 4,030,576
=========== ===========
(END) Dow Jones Newswires
December 16, 2024 16:10 ET (21:10 GMT)
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