桃汁影院, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

3 Months Ended

Jul. 31, 2017

Stockholders' Equity Note [Abstract]

A summary of the Company’s warrant activity during the three months ended July 31, 2017 is presented below:


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Warrants	Shares			Price		Term		Value
Balance Outstanding, April 30, 2017		914,123		$	2.82		1.6	$	1,991,067
Granted		224,174			6.87		—		—
Exercised		(125,404	)		0.27		—		—
Surrendered		—			—		—		—
Expired		(5,384	)		3.99		—		—
Balance Outstanding, July 31, 2017		1,007,509		$	3.80		2.2	$	2,803,461

Exercisable, July 31, 2017		1,007,509		$	3.80		2.2	$	2,803,461

Schedule of Assumptions Used In Valuing Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the three months ended July 31, 2017 and 2016.


	July 31,
	2017			2016
Expected life (years)		3.5			4 - 6.5
Expected volatility		40% - 43	%		40% - 43	%
Weighted-average volatility		38.6	%		40.0	%
Risk-free interest rate		0.38	%		0.38	%
Dividend yield		0.00	%		0.00	%
Expected forfeiture rate		n/a			n/a

Schedule of Stock Option Activity

A summary of the Company’s stock option activity for employees and directors during the three months ended July 31, 2017, is presented below:


					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
Options	Shares		Price		Term		Value
Balance Outstanding, April 30, 2017		2,097,384	$	2.42		3.09	$	7,267,892
Granted		535,500		4.98		—		—
Exercised		—		—		—		—
Forfeited		—		—		—		—
Expired		—		—		—		—
Balance Outstanding, July 31, 2017		2,632,884	$	2.94		3.14	$	16,732,558

Exercisable, July 31, 2017		1,377,363	$	2.28		1.53	$	8,689,038

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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