v3.26.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)
3 Months Ended
Jul. 31, 2026
Operating Lease Right-of-use Assets And Operating Lease Liabilities  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Right-of- use assets are summarized below:

 

   July 31, 2026  

April 30, 2026

 
Operating leases  $81,815   $96,223 

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2026

 

Operating Lease liabilities are summarized below:

 

   July 31, 2026   April 30, 2026 
Operating lease, current portion  $61,142   $59,475 
Operating lease, noncurrent portion   20,761    36,748 
Total lease liability  $81,903   $96,223 
SCHEDULE OF SUPPLEMENTAL CASH AND NON-CASH INFORMATION

The following table includes supplemental cash and non-cash information related to the Company’s leases:

 

   2026   2025 
   Period ended July 31, 
   2026   2025 
Cash paid for amounts included in the measurement of lease liabilities          
Operating cash flows from operating lease  $16,596   $15,423 
Lease assets obtained upon lease modification  $-   $78,054 
SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

The remaining minimum lease payments under non-cancelable operating leases at July 31, 2026, are as follows:

 

      
Year ended April 30, 2027- remainder  $49,789 
Year ended April 30, 2028   38,281 
Total  $88,070 
Less: imputed interest   (6,167)
Total present value of lease liability  $81,903