STOCKHOLDERS’ DEFICIT |
9 Months Ended |
|---|---|
Jan. 31, 2023 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ DEFICIT | Note 6 – STOCKHOLDERS’ DEFICIT
Series A Preferred Stock
On May 1, 2020, the Company’s Board authorized the creation of Series A preferred shares. The Series A preferred shares will pay a quarterly payment based upon gaming revenue sharing, which all 100 Series A preferred shares will receive twenty percent of TSR’s portion of the game revenue from its game app., which equates to thirteen percent of total game gross revenues. Each Series A preferred share was priced at $4,000 with a minimum purchase of three Series A preferred shares and are only eligible to be purchased by accredited investors. Each Series A preferred share will receive one one hundredth of twenty percent of TSR game net as revenue sharing. Each Series A preferred share will continue to exist, unless the game app. is sold to another entity, at which time the Series A preferred shareholders will receive their same percentage of the game sales proceeds price, if or when such occurs. The Series A preferred shares are not convertible into common shares and are subject to all other restrictions on securities as set forth.
At January 31, 2023 and April 30, 2022 the Company had shares of Series A preferred shares outstanding.
Warrants
At April 30, 2022 there were warrants outstanding with a weighted average exercise price of $, weighted average remaining life of and an average intrinsic value of $. There were warrants at a strike price of $ granted during the nine month period ended January 31, 2023. At January 31, 2023, there were warrants with a weighted average exercise price of $, weighted average remaining life of , and an average intrinsic value of $. |