v3.26.1
Note 6 - Income Taxes (Tables)
12 Months Ended
Apr. 30, 2026
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

April 30, 2026

  

April 30, 2025

 

Deferred tax asset

        

Net operating loss carryforward

 $2,372,500  $2,177,800 

Stock-based compensation

  45,100   38,000 

Mining interests

  122,000   118,200 

Other

  2,800   2,800 

Total deferred tax assets

  2,542,400   2,336,800 

Valuation allowance

  (2,542,400)  (2,336,800)

NET DEFERRED TAX ASSETS

 $-  $- 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

April 30, 2026

  

April 30, 2025

 

Income tax benefit computed at statutory rate

 $(173,100)  (21.0)% $(54,000)  (21.0)%

Idaho state income tax, net of federal income tax effect

  -   0.0%  -   0.0%

Valuation allowance

  171,422   20.8%  47,602   (18.5)%

Nontaxable or nondeductible items

  2,595   0.3%  6,398   (2.5)%
Other adjustments: effect of change in Idaho state tax rate  (917)  (0.1)%  -   0.0%

TOTAL INCOME TAX PROVISION (BENEFIT)

 $-   -% $-   -%