PROMISSORY NOTE PAYABLE |
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| PROMISSORY NOTE PAYABLE | NOTE 9 - PROMISSORY NOTE PAYABLE
Promissory note payable on April 30, 2025, and April 30, 2024, consists of the following:
The terms of the promissory notes are summarized as follows:
During the year ended April 30, 2025, and 2024, the Company issued promissory notes for aggregate principal amount of $830,940 and $1,238,500 for proceeds of $755,400 and $1,178,500, respectively.
During the year ended April 30, 2025, and 2024, the Company made repayment on principal balance of promissory notes of $99,220 and $286,880 and accrued interest of promissory notes of $10,222 and $26,782, respectively.
During the year ended April 30, 2025, and 2024, the Company issued 340,000 shares and 310,237 shares of common stock for the repayment of $16,500 and $31,050 principal balance of promissory notes, respectively. During the year ended April 30, 2025, the Company recorded gain on note settlement of $9,032 from the repayment. During the year ended April 30, 2025, and 2024, the Company issued 3,099,000 shares and 1,194,800 shares of common stock as loan inducements for promissory notes, respectively.
During the year ended April 30, 2025, and 2024, the Company issued 4,516,317 shares and 1,320,000 shares of common stock for term extension for promissory notes.
During the year ended April 30, 2025, the Company issued 291,000 shares of common stock for interest and fees on a promissory note upon issuance of the notes.
During the year ended April 30, 2024, the Company issued 43 shares of series C preferred stock for repayment of promissory notes of $385,000 and accrued interest of $37,115.
During the year ended April 30, 2025, and 2024, the Company recorded stock payable of $7,151 and $40,220 for outstanding 201,000 common shares and 524,000 common shares for loan inducements of promissory notes, respectively.
During the year ended April 30, 2025, and 2024, the Company recorded stock payable of $6,050 and $21,200 for outstanding 45,149 and 240,000 common shares for repayment of outstanding principal balance of promissory notes.
During the year ended April 30, 2025, and 2024, the Company recorded stock payable of $256,513 and $31,975 for outstanding 1,914,280 and 282,965 common shares related to term extension of promissory notes.
During the year ended April 30, 2024, the Company recorded stock payable of $13,493 for outstanding 75,000 stock related to interest and fees on promissory notes.
During the year ended April 30, 2025, and 2024, the Company recorded interest expenses of $238,228 and $204,398, respectively. During the year ended April 30, 2025, and 2024, the Company made repayment on note interest of $10,222 and $5,941, respectively. As of April 30, 2025, and April 30, 2024, the accrued interest payable was $421,368 and $196,145, respectively. |
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