v3.26.1
Discontinued Operations (Tables)
 9 Months Ended
Jan. 31, 2026
Discontinued Operations [Abstract]  
Schedule of Carrying Value of Assets and Liabilities of Disposed Group

The following table summarizes the carrying value of the assets and liabilities of the disposed group as of December 22, 2025 and April 30, 2025.

 

   As of
December 22,
2025
(unaudited)		   As of
April 30,
2025
(unaudited)		 
ASSETS        
Cash and Cash Equivalents  $195,324   $390,865 
Account receivables, net   858,242    873,431 
Inventories, net   5,332,898    4,784,269 
Prepaid expenses and other current assets   295,338    263,887 
Total current assets   6,681,802    6,312,452 
           
Deferred tax assets, net   249,769    249,769 
Property and equipment, net   187,222    252,809 
Less: impairment allowance   (22,843)   
-
 
Operating lease right-of-use assets, net   3,226,475    3,753,656 
Less: impairment allowance   (385,033)   
-
 
Finance lease right-of-use assets, net   47,404    54,253 
Less: impairment allowance   (5,636)   
-
 
           
Total non-current assets   3,297,358    4,310,487 
           
TOTAL ASSETS  $9,979,160   $10,622,939 
           
LIABILITIES          
Short-term loan payable  $100,000   $100,000 
Account Payable   5,213,167    3,875,088 
Accrued expenses and other current liabilities   679,840    883,369 
Operating lease liabilities – current   997,311    922,247 
Financing lease liability –  current   10,465    12,249 
Income tax payable   74,751    50,019 
Auto loan payable - current   9,581    12,547 
Due to related parties   4,698    683,662 
Total current liabilities   7,089,813    6,539,181 
           
Operating lease liabilities – non-current   2,500,340    3,107,642 
Finance lease liabilities – non-current   32,368    45,940 
Auto loan payable - non-current   33,020    33,518 
Total non-current liabilities   2,565,728    3,187,100 
           
TOTAL LIABILITIES  $9,655,541   $9,726,281 
Schedule of Discontinued Operations Reported in Consolidated Statements of Operations

The following table presents the components of discontinued operations reported in the unaudited condensed consolidated statements of operations for the periods ended December 22, 2025 and the three months and nine months ended January 31, 2025 (unaudited):

 

   For the
period from
November 1,
2025
to
December 22,
2025		   For the
three months
ended
January 31,
2025		   For period
from
May 1,
2025
to
December 22,
2025		   For the
nine months
ended
January 31,
2025		 
Revenue, net  $1,449,720   $2,081,051   $6,702,808   $7,437,980 
                     
Cost of revenue   (1,161,296)   (1,207,904)   (4,437,066)   (3,995,249)
                     
Gross profit   288,424    873,147    2,265,742    3,442,731 
                     
Operating expenses:                    
Selling expenses   (28,168)   (139,157)   (544,246)   (396,200)
General & administrative expenses   (464,872)   (816,024)   (2,156,748)   (2,613,035)
Total operating expenses   (493,040)   (955,181)   (2,700,994)   (3,009,235)
                     
(Loss) income from operations   (204,616)   (82,034)   (435,252)   433,496 
                     
Other income (expenses):                    
Other income (expenses)   (2,590)   4,395    (1,770)   4,135 
Impairment loss   
-
    
-
    (413,512)   
-
 
Gain on disposal   226,381    
-
    226,381    
-
 
Interest expense   (812)   (1,640)   (4,140)   (32,104)
Total other income (expenses), net   222,979    2,755    (193,040)   (27,969)
                     
(Loss) income before income tax expense   18,363    (79,279)   (628,293)   405,527 
                     
Income tax provision   (18,363)   22,471    (18,363)   (121,367)
                     
Net (loss) income from discontinued operations, net of tax  $
-
   $(56,808)  $(646,656)  $284,160