v3.26.1
CONCENTRATIONS OF RISK
 12 Months Ended
Apr. 30, 2026
Risks and Uncertainties [Abstract]  
CONCENTRATIONS OF RISK

NOTE 10 — CONCENTRATIONS OF RISK

 

The Company is exposed to the following concentrations of risk:

 

(a) Cash

 

The Company maintains cash with banks in the United States of America (“USA”). Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In the United States, the standard insurance amount is $250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”).

 

Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash. As of April 30, 2026 and 2025, $627,192 and $301,267 of the Company’s cash held by financial institutions were uninsured, respectively.

 

(a) Major customers

 

For the years ended April 30, 2026 and 2025, the individual customers who accounted for 10% of the Company’s revenue and its outstanding accounts receivable balance at period-end date: 

               
   For the Year ended
April 30, 2026		      As of April 30, 2026 
   Revenues   Percentage of
revenues		      Accounts
receivable		 
Customer A  $345,578    11%      $188,801 
Customer D   724,484    24%       85,875 
Customer E   587,010    19%       146,960 
TOTAL  $1,657,072    54%   Total  $421,636 

 

   For the Year ended
April 30, 2025		      As of April 30, 2025 
   Revenues   Percentage of
revenues		      Accounts
receivable		 
Customer A  $1,072,230    40%      $501,512 
Customer B   972,168    37%       494,500 
Customer C   374,880    14%       238,208 
TOTAL  $2,419,278    91%   Total  $1,234,220 

 

 

(b) Major vendors

 

For the years ended April 30, 2026 and 2025, the following vendor accounted for 10% or more of the Company’s purchases and its outstanding accounts payable balance at period-end date: 

            
   For the Year ended
April 30, 2026		   As of April 30, 2026 
Vendor  Purchases   Percentage
of purchases		   Accounts
payable		 
Vendor A  $891,350    41%   $72,828 
Vendor B   736,000    34%    – 
Vendor C   317,800    15%    110,060 
Vendor D   231,014    11%    – 
TOTAL  $2,176,164    100%   $182,888 

 

   For the Year ended
April 30, 2025		   As of April 30, 2025 
Vendor  Purchases   Percentage
of purchases		   Accounts
payable		 
Vendor A  $966,422    86%   $             –