v3.26.1
NOTES PAYABLE AND DERIVATIVES (Tables)
12 Months Ended
Apr. 30, 2026
Debt Disclosure [Abstract]  
SCHEDULE OF NOTES PAYABLE

The Company has outstanding numerous notes payable to various parties. The notes bear interest at rates of 5% - 20% per year and are summarized as follows:

   

Notes Payable 

April 30,

2026

  

April 30,

2025

 
Convertible notes payable  $5,806,080   $5,124,971 
Non-convertible notes payable   1,492,400    1,338,200 
Accrued interest   2,017,666    1,907,205 
Notes payable gross   9,316,146    8,370,376 
Discount on notes payable   -    - 
Notes payable, net  $9,316,146   $8,370,376 
SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION

The change in fair value of the derivative liabilities of convertible notes outstanding at April 30, 2026, was calculated with the following average assumptions, using a Binomial option-pricing model are as follows:

  

Significant Assumptions:    
Risk free interest rate   3.68%-3.88%
Expected stock price volatility   93%-188%
Expected dividend payout   0 
Expected options life in years   .25-2 years 
SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES

Changes in derivative liability during the year ended April 30, 2026, and 2025 were:

 

   

   April 30,   April 30, 
   2026   2025 
Balance, beginning of year  $1,007,598   $740,940 
Fair value adjustments   (108,263)   266,658 
Balance, end of period  $899,335   $1,007,598