v3.25.2
NOTES PAYABLE AND DERIVATIVES (Tables)
3 Months Ended
Jul. 31, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF NOTES PAYABLE

The Company has outstanding numerous notes payable to various parties. The notes bear interest at rates of 5% - 20% per year and are summarized as follows:

 

Notes Payable  July 31, 2025   April 30, 2025 
Notes convertible at holder’s option  $

2,667,644

   $2,667,644 
Notes convertible at Company’s option   

335,700

    335,700 
Non-convertible notes payable   

3,321,378

    3,063,012 
Accrued interest   

2,069,331

    1,907,406 
Notes payable current   

8,394,053

    7,973,762 
Add non-current portion   

302,315

    396,614 
Total  $

8,696,368

   $8,370,376 
SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION

The change in fair value of the derivative liabilities of convertible notes outstanding at July 31, 2025, was calculated with the following average assumptions, using a Binomial option-pricing model are as follows:

 

Significant Assumptions:     
Risk free interest rate   3.9%
Expected stock price volatility   199%
Expected dividend payout   0 
Expected options life in years   2 years 
SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES

Changes in derivative liability during the three months ended July 31, 2025, and 2024 were:

 

   July 31,   July 31, 
   2025   2024 
Balance, beginning of year  $

1,007,598

   $740,940 
           
Fair value adjustments   

36,686

    378,292 
Balance, end of period  $

1,044,284

   $1,119,232