v3.26.1
CONCENTRATIONS OF RISK
 9 Months Ended
Jan. 31, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF RISK

NOTE 8 — CONCENTRATIONS OF RISK

 

The Company is exposed to the following concentrations of risk:

 

(a) Cash

 

The Company maintains cash with banks in the United States of America (“USA”). Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In the United States, the standard insurance amount is $250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”).

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash. As of January 31, 2026 and April 30, 2025, $493,283 and $301,267 of the Company’s cash held by financial institutions were uninsured, respectively.

 

(a) Major customers

 

For the three and nine months ended January 31, 2026, the individual customers who accounted for 10% of the Company’s revenue and its outstanding receivables balance at period-end rates, as presented as follows: 

                 
    Three months ended
January 31, 2026		     As of
January 31, 2026		  
Customer   Revenue     Percentage of
revenue		     Accounts
receivable		  
                   
Customer A   $ 222,000       31.28%     $ 222,000  
Customer B     199,250       28.08%       342,380  
Customer D     104,250       14.69%       278,750  
                         
Total   $ 525,500       74.05%     $ 843,130  

 

                   
    Nine months ended
January 31, 2026		     As of
January 31, 2026		  
Customer   Revenue     Percentage of
revenue		     Accounts
receivable		  
                   
Customer A   $ 352,050       28.38%     $ 222,000  
Customer B     199,250       16.06%       342,380  
Customer C     142,517       11.49%       –  
                         
Total   $ 693,817       55.92%     $ 564,380  

 

These customers are located in the United States of America and Hong Kong.

 

For the three and nine months ended January 31, 2025, the individual customers who accounted for 10% of the Company’s revenue and its outstanding receivables balance at period-end rates, as presented as follows:

                   
    Three months ended
January 31, 2025		     As of
January 31, 2025		  
Customer   Revenue    

Percentage of

revenue

    

Accounts

receivable

  
                   
Customer C   $ 141,000       45.73%     $ –  
Customer D     105,000       34.06%       –  
Customer E     35,318       11.46%       –  
                         
Total   $ 281,318       91.25%     $ –  

 

    Nine months ended
January 31, 2025		     As of
January 31, 2025		  
Customer   Revenue    

Percentage of

revenue

    

Accounts

receivable

  
                   
Customer A   $ 200,773       28.32%     $ –  
Customer B     79,200       11.17%       54,018  
Customer C     207,668       29.29%       –  
Customer D     105,000       14.81%       –  
                         
Total   $ 592,641       83.59%     $ 54,018  

 

These customers are located in Hong Kong, China and the United States of America.

 

(b) Major vendors

 

For the three and nine months ended January 31, 2026, there is one vendor who accounted for 100% and 100% of the Company’s purchase cost amounting to $393,282 and $594,712, respectively.

 

For the three and nine months ended January 31, 2025, there is one vendor who accounted for 100% and 100% of the Company’s purchase cost amounting to $119,006 and $290,594, respectively.