v3.26.1
Revenue
 9 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue

Note 9- Revenue

 

The following table sets forth the Company’s revenue by source:

 

   Successor   Predecessor   Successor   Predecessor   Predecessor 
   Three Months
Ended
January 31, 2026		   Three Months
Ended
January 31, 2025		   Period from
June 7, 2025 through
January 31, 2026		   Period from
May 1 through
June 6, 2025		   Nine Months
Ended
January 31, 2025		 
                     
CEA equipment and systems sales  $612,894   $-   $913,464   $-   $- 
CEA engineering and other services   -    -    87,993    -    - 
CEA other sales   63,088    -    85,912    -    - 
Retail Vape sales   6,349,605    6,146,808    17,177,653    2,761,077    18,947,052 
E-commerce Vape sales   228,151    719,091    506,220    165,818    1,989,873 
Factory direct wholesale Vape sales   62,230    42,918    265,852    794    255,408 
Franchise fee Vape sales   -    -    -    -    121,338 
Other Vape sales   18,658    -    18,658    -    - 
Total revenue  $7,334,626   $6,908,817   $19,055,752   $2,927,689   $21,313,671 

 

As of January 31, 2026 (Successor), the Company’s remaining performance obligations, or backlog, was approximately $0.6 million are expected to be recognized within one year. The Company expects to recognize this revenue as the related services are performed. However, the timing of the recognition is subject to uncertainty due to the nature of the underlying contracts, and there is no assurance that all remaining performance obligations will result in revenues.

 

Geographic Information

 

The Company classifies sales by customers’ locations in two geographic regions: the United States and Canada.

 

   Successor   Predecessor   Successor   Predecessor   Predecessor 
   Three Months
Ended
January 31, 2026		   Three Months
Ended
January 31, 2025		   Period from
June 7 through
January 31, 2026		   Period from
May 1 through
June 6, 2025		   Nine Months
Ended
January 31, 2025		 
                     
United States  $675,981   $-   $1,087,371   $-   $- 
Canada   6,658,645    6,908,817    17,968,381    2,927,689    21,313,671 
Total  $7,334,626   $6,908,817   $19,055,752   $2,927,689   $21,313,671