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SHAREHOLDERS’ EQUITY
 12 Months Ended
Apr. 30, 2026
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

NOTE 8 — SHAREHOLDERS’ EQUITY

 

Preferred Stock


The Company is authorized to issue 10,000,000 shares of preferred stock, par value $0.001 per share, of which 3,000,000 shares of preferred stock have been designated as “Series A Preferred Stock.” Each share of Series A Preferred Stock shall entitle the holder to cast 20 votes, which votes shall be identical in all respects to, and counted on the same bases as, votes of shares of common stock and included in the totals for the common stock. Each share of Series A Preferred Stock is convertible at the option of the holder at any time into one share of common stock. The holders of Series A Preferred Stock shall not be entitled to receive dividends of any kind or be entitled to any liquidation preference. As of April 30, 2026 and 2025, no preferred stock has been issued and outstanding.

 

Common Stock

 

The Company is authorized to issue 200,000,000 shares of common stock, par value $0.001 per share, As of April 30, 2026 and 2025, 8,337,454 common stocks are issued and outstanding.

 

On January 27, 2026, the Company's 1-for-3 reverse stock split of its common stock became effective, pursuant to which each holder of common stock received one share for every three shares held. The accompanying consolidated financial statements were retroactively reflected the reverse stock split for the periods presented.

 

On January 8, 2024, the Company granted 1,667 common stocks issuable per month in total of 20,000 common stocks to the Chief Financial Officer (“CFO”) at fair value of $0.15 per share, subject to vesting condition in completion of one year of service. For the years ended April 30, 2026 and 2025, the Company recognized share-based compensation in the amount of $0 and $2,000, respectively. The shares have not been issued yet as of this reporting date.

 

On April 30, 2026, the Company’s Board of Directors granted 130,000 common stocks to the Company’s Chief Executive Officer (“CEO”) for her outstanding services rendered during the fiscal year ended April 30, 2026 at fair value of $1.38 per share. The Company recorded $179,400 stock compensation accordingly. The shares have not been issued yet as of this reporting date.

 

As of April 30, 2026, the Company had 20,000 shares to be issued to its CFO and 130,000 shares to be issued to its CEO.