v3.26.1
Inventory
 6 Months Ended
Oct. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

Note 6 – Inventory

 

Inventory consisted of the following:

 

   Successor   Predecessor 
   October 31,   April 30, 
   2025   2025 
   (Unaudited)   (Audited) 
         
Finished goods  $3,296,614   $3,241,365 
Raw materials   300,731    264,027 
Allowance for excess & obsolete inventory   (108,988)   (211,445)
Inventory, net  $3,488,357   $3,293,947 

 

Labor and overhead expenses of $541,672 and $617,982 were included in the inventory balance as of October 31, 2025 (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 approximately $525,032 and $0 in advance payments for inventory as of October 31, 2025 (Successor), and April 30, 2025 (Predecessor), respectively.