RELATED PARTY TRANSACTIONS |
12 Months Ended |
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Apr. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 8 — RELATED PARTY TRANSACTIONS
On November 25, 2024, the Company and Luke Norman Consulting Ltd. (“Norman Consulting”), an entity controlled by Luke Norman. Mr. Norman has served as a member of the Company’s Board of Directors since May 2018. Pursuant to the terms of the consulting agreement, Mr. Norman agreed to provide services related to investor and strategic introductions for potential mergers and acquisitions and other potential and strategic relationships, in exchange for an annual consulting fee of $250,000, which is payable in monthly installments. The agreement for an initial term of 12 months and contained an automatic renewal provision unless terminated by the Company. Effective, January 1, 2026, the annual consulting fee was increased to $265,000. In addition, Norman Consulting is entitled to receive certain payments upon the occurrence of a “transformative transaction” (as defined in the November 2024 Agreement). The Company also agreed to compensate Norman Consulting for its past services to the Company for the period from March 2024 to October 2024 by (i) issuing restricted shares of the Company’s common stock to Norman Consulting and (ii) paying a lump-sum cash payment of $65,000 to Norman Consulting. The Company paid consulting fees to Norman Consulting of $505,000 and $210,833 in cash during the year ended April 30, 2026 and 2025, respectively. The fiscal 2026 payments included a discretionary bonus of $250,000. The Company issued the shares discussed above on June 26, 2025. Additionally, as of April 30, 2026, the Company recorded accounts payable and accrued expenses totaling $57,294 due to Norman Consulting that was included in accounts payable and accrued liabilities.
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