v3.25.2
RELATED PARTY TRANSACTIONS
 12 Months Ended
Apr. 30, 2025
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 7 - RELATED PARTY TRANSACTIONS

 

Related party compensation for the year ended April 30, 2025, and 2024, and shareholding and salary payable as of April 30, 2025, and April 30, 2024, are summarized as below:

 

 

 

Year Ended April 30, 2025

 

Title

 

Wages

 Expense

 

 

Management/

Consulting

Fees

 

 

Stock

Compensation

 

CEO and CFO

 

$164,838

 

 

$-

 

 

$153,438

 

Advisor - Affiliate

 

 

-

 

 

 

60,000

 

 

 

13,400

 

President - Distro Plus

 

 

-

 

 

 

-

 

 

 

(23,240)

Operational Manager

 

 

-

 

 

 

-

 

 

 

-

 

VP - Distro Plus

 

 

116,764

 

 

 

-

 

 

 

143,330

 

Director

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$281,602

 

 

$60,000

 

 

$286,928

 

 

 

 

Year Ended April 30, 2024

 

Title

 

Wages

Expense

 

 

Management/

Consulting

Fees

 

 

Stock

Compensation

 

CEO and CFO

 

$124,183

 

 

$-

 

 

$173,631

 

Advisor - Affiliate

 

 

-

 

 

 

60,000

 

 

 

-

 

President - Distro Plus

 

 

104,196

 

 

 

-

 

 

 

93,240

 

Operational Manager

 

 

21,440

 

 

 

-

 

 

 

28,923

 

VP - Distro Plus

 

 

77,174

 

 

 

-

 

 

 

155,902

 

Director

 

 

-

 

 

 

12,000

 

 

 

333,277

 

 

 

$326,993

 

 

$72,000

 

 

$784,973

 

 

 

As of April 30, 2025

 

 

 

 

 

 

Common

Stock

 

 

Convertible

Series A

Preferred

 

 

Series A

non-voting

redeemable

preferred

 

 

Salary/Consulting 

 

 

Stock  

 

Title

 

(Shares)

 

 

(Shares)

 

 

(Shares)

 

 

 Fees Payable

 

 

Payable

 

CEO and CFO

 

 

10,100,000

 

 

 

500,000

 

 

 

-

 

 

$13,800

 

 

$8,375

 

Advisor - Affiliate

 

 

6,553,000

 

 

 

500,000

 

 

 

175,000

 

 

 

270,000

 

 

 

-

 

President - Distro Plus

 

 

699,806

 

 

 

-

 

 

 

-

 

 

 

5,000

 

 

 

-

 

Operational Manager

 

 

194,652

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

VP - Distro Plus

 

 

2,575,000

 

 

 

-

 

 

 

-

 

 

 

8,843

 

 

 

4,020

 

Director

 

 

1,893,750

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

22,016,208

 

 

 

1,000,000

 

 

 

175,000

 

 

$297,643

 

 

$12,395

 

 

 

 

As of April 30, 2024

 

 

 

 

 

 

Common

Stock

 

 

Convertible

 Series A

Preferred

 

 

Series A

 non-voting

redeemable

preferred

 

 

Salary/Consulting 

 

 

Stock  

 

Title

 

(Shares)

 

 

(Shares)

 

 

(Shares)

 

 

 Fees Payable

 

 

Payable

 

CEO and CFO

 

 

8,912,500

 

 

 

500,000

 

 

 

-

 

 

$13,200

 

 

$-

 

Advisor - Affiliate

 

 

6,453,000

 

 

 

500,000

 

 

 

175,000

 

 

 

210,000

 

 

 

-

 

President - Distro Plus

 

 

699,806

 

 

 

-

 

 

 

-

 

 

 

10,000

 

 

 

23,239

 

Operational Manager

 

 

194,652

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

VP - Distro Plus

 

 

1,485,000

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Director

 

 

2,489,128

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

20,234,086

 

 

 

1,000,000

 

 

 

175,000

 

 

$233,200

 

 

$23,239

 

 

CEO and CFO

 

During the year ended April 30, 2025, and 2024, the Company issued 1,187,500 shares and 1,500,000 shares of common stock to the CEO and CFO valued at $145,063 and $173,631, respectively.

 

During the year ended April 30, 2025, and 2024, the Company recorded stock payable of $8,375 and $0, respectively.

 

During the year ended April 30, 2025, and 2024, the Company incurred management salary expenses of $164,838 and $124,183 to the CEO and CFO, respectively. As of April 30, 2025, and April 30, 2024, salary payable was $13,800 and $13,200, respectively.

 

Advisor – Affiliate

 

During the year ended April 30, 2025, and 2024, the Company issued 100,000 shares and 0 share of common stock to the affiliated advisor valued at $13,400 and $0, respectively.

 

During the years ended April 30, 2025, and 2024, the Company incurred consulting fees of $60,000 and $60,000 to the affiliated advisor, respectively. As of April 30, 2025, and April 30, 2024, the total amount due to the affiliated advisor was $270,000 and $150,000, respectively.

 

President – Distro Plus

 

During the year ended April 30, 2024, the Company awarded 558,340 shares of common stock to the President of Distro Plus Division valued at $93,240, of which 158,333 shares of common stock was recorded as stock payable of $23,240 as of April 30, 2024.

 

During the year ended April 30, 2025, the Company cancelled the stock payable for 158,333 shares of $23,240.

 

During the year ended April 30, 2025, and 2024, the Company incurred management salary of $5,000 and $104,196 to the President, respectively. As of April 30, 2025, and April 30, 2024, salary payable was $5,000 and $10,000, respectively.

Operational Manager

 

During the year ended April 30, 2024, the Company awarded 165,272 shares of common stock to the Operational Manager valued at $28,923.

 

During the year ended April 30, 2024, the Company incurred management salary of $21,440 to the Operational Manager.

 

VP – Distro Plus

 

During the year ended April 30, 2025, and 2024, the Company awarded 1,090,000 shares and 1,370,000 shares of common stock to the Vice President of Distro Plus Division valued at $139,310 and $155,902, respectively.

 

During the year ended April 30, 2025, and 2024, the Company recorded stock payable to the Vice President of $4,020 and $0, respectively.

 

As of April 30, 2025, and April 30, 2024, the salary payable was $8,843 and $0, respectively.

 

Director

 

During the year ended April 30, 2024, the Company awarded 2,197,687 shares of common stock to the Director valued at $333,277, of which 1,385,189 shares of common stock valued $191,089 was issued as compensation upon his termination on March 8, 2024.

 

During the year ended April 30, 2024, the Company incurred consulting fees of $12,000 to the Director.