v3.26.1
Inventory
 9 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Inventory

Note 6 – Inventory

 

Inventory consisted of the following:

 

   Successor   Predecessor 
   January 31,   April 30, 
   2026   2025 
   (Unaudited)   (Audited) 
         
Finished goods  $3,772,546   $3,241,365 
Raw materials   398,952    264,027 
Allowance for excess & obsolete inventory   (306,524)   (211,445)
Inventory, net  $3,864,974   $3,293,947 

 

Labor and overhead expenses of $0.6 million and $0.6 million were included in the inventory balance as of January 31, 2026 (Successor), and April 30, 2025 (Predecessor), respectively.

 

Advance payments on inventory purchases are recorded in prepaid expenses until title for such inventory passes to the Company. Prepaid expenses included $0.5 million and $0 in advance payments for inventory as of January 31, 2026 (Successor), and April 30, 2025 (Predecessor), respectively.