Lease

12 Months Ended

Apr. 30, 2026

NOTE 10 — LEASE

Operating lease

On January 19, 2024, FuAn entered into a sublease agreement with the landlord to lease an office in Irvine, California with a lease term of 27 months. The lease commenced on February 1, 2024, and will expire on April 30, 2026. The monthly rental payment is $3,825 for the period from February 1, 2024 to January 31, 2025, $3,978 for the period from February 1, 2025 to January 31, 2026, and $4,137 for the period from February 1, 2026 to April 30, 2026.

Total lease expenses from continuing operations amounted to $47,132 and $47,132 for the years ended April 30, 2026 and 2025, respectively. Total lease expenses from discontinued operations amounted to $1.17 million and $1.17 million for the years ended April 30, 2026 and 2025, respectively. The Company’s ROU assets and lease liabilities are recognized using an effective interest rate of 10.50%, which was determined using the Company’s incremental borrowing rate.

As of April 30, 2026 and 2025, the average remaining term of the lease is 0 years and 1.0 years, respectively.

The Company’s operating ROU assets and lease liabilities were as follows:

	April 30, 2026			April 30, 2025
Operating ROU:
Operating lease right-of-use assets	$	94,441		$	94,441
Less: accumulated amortization of ROU assets		(94,441	)		(49,845	)
ROU assets, net	$	-		$	44,596

Operating lease liabilities:
Operating lease liabilities, current	$	-		$	45,677
Operating lease liabilities, non-current		-			-
Total lease liabilities	$	-		$	45,677

On March 15, 2025, MarWynn entered a 12-months lease for its office use in the City of Irvine, California, commencing on March 15, 2025. The monthly rental payment is $5,458. On March 14, 2026, MarWynn entered another 12-months lease for the same location commencing on March 15, 2026 with the monthly rental payment of $5,458 (see Note 12 – Related Party Lease).