NOTES PAYABLE |
12 Months Ended |
|---|---|
Apr. 30, 2025 | |
| NOTES PAYABLE | |
| NOTES PAYABLE | NOTE 5 - NOTES PAYABLE
On July 18, 2018, the Company entered into a promissory note of $114,226.26 with interest rate of 8% per annum with Haynie & Company the Company’s former auditors. Under the terms of the agreement commencing August 15, 2018 the Company is to pay Haynie $5,000 per month. In addition, the Company shall pay the noteholder 20% of any funding event of private or public equity. As of April 30, 2025 the Company owed the note holder $20,042 plus interest. As of April 30, 2025 the note is in default.
On May 1, 2022, the Company entered into a loan agreement with EMAC Handels AG for short term loans up to $100,000. The loans bear interest at 6% per annum. As April 30, 2025 the outstanding balance on the loan agreement was $117,227 plus accrued interest. As of April 30, 2025 the note is in default.
During the year ended April 30, 2023, the Company entered into a loan agreement with Star Anchor for short term loans. The loans bear interest at 6% per annum. As of April 30, 2025, the outstanding balance on the loan agreement was $19,050 plus accrued interest.
On July 10, 2024 the Company issued a promissory note for $50,000, The note matures in one year from issuance. The note has an initial discount of $10,000 and is not convertible.
On December 13, 2024 the Company issued a promissory note to Mayday Management Inc, for $12,500 plus interest and cost accrued of $845.83. The note is due on February 10, 2025. As of April 30, 2025 the note is in default.
On December 26, 2024 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible.
On December 13, 2024 the Company issued a promissory note for $12,000. The note matures July 11, 2025. The note has an initial discount of $2,000 and is not convertible.
On January 7, 2025 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible
On January 21, 2025 the Company issued a promissory note for $43,500. The note matures July 11, 2025. The note has an initial discount of $8,500 and is not convertible
On February 12, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible,
On February 18, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible
On March 11, 2025 the Company issued a promissory note for $25,000. The note matures July 11, 2025. The note has an initial discount of $5,000 and is not convertible.
As of April 30, 2025 and 2024, the outstanding balances of notes payable was $476,312 and $20,042, respectively.
As of April 30, 2025 and 2024, the Company had notes payable due to related parties totaling $ 161,092 and $150,020, respectively. |