v3.26.1
INCOME TAXES (Tables)
 12 Months Ended
Apr. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of loss before provision for income taxes
Schedule of loss before provision for income taxes          
   April 30, 2026   April 30, 2025 
Pre-tax loss:          
Federal  $(8,771,281)  $(4,514,853)
           
Total pre-tax loss  $(8,771,281)  $(4,514,853)
Schedule of deferred tax assets and liabilities
Schedule of deferred tax assets and liabilities          
   April 30, 2026   April 30, 2025 
Deferred income tax asset:          
Accruals  $-   $3,705 
Capitalized research expenditures   1,376,933    2,022,954 
Net operating loss carryover   12,950,374    10,566,664 
Stock-based compensation   1,082,661    2,677,922 
Total deferred tax asset   15,409,968    15,271,245 
Fixed assets   (14,114)   (23,848)
Valuation allowance   (15,395,854)   (15,247,397)
Deferred income tax asset, net of allowance  $-   $- 
Schedule of effective income tax rate reconciliation
          
   April 30, 2026   Percent 
U.S. Federal statutory tax rate   (1,841,969)   21.0%
State and local income tax, net of federal income tax effect (1)   -    0.0%
Change in valuation allowance   211,325    -2.4%
Nontaxable / Nondeductible Items          
Other   7,112    0.1%
Other          
Stock Compensation – cancellations/expirations   1,623,532    -18.5%
Total provision for income taxes   -    0.0%

 

(1)The states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include California.

 

A reconciliation of the provision for income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes for years prior to the adoption of ASU 2023-09 is as follows:

 

   April 30, 2025   April 30, 2024 
Tax benefit at U.S. Federal statutory tax rate   21.0%   21.0%
State income tax, net of federal benefit   -32.0%   28.9%
Increase (decrease) in tax rate resulting from:          
Change in valuation allowance   11.5%   -49.8%
Stock-based compensation   -0.3%   -0.1%
Other   -0.2%   0.0%
Effective tax rate   0.0%   0.0%
Schedule of amounts of cash income taxes paid
     
   For the Year Ended
April 30, 2026		 
Federal  $- 
State and Local:     
California   800 
North Carolina   200 
Other   100 
    1,100 
Foreign   - 
Other   - 
Income taxes, net of amounts refunded  $1,100