Lease |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LEASE | NOTE 11 — 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 expired 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. The Company did not renew the lease at maturity.
Total long-term lease expenses from continuing operations amounted to and $11,763 for the three months ended July 31, 2026 and 2025, respectively. Total long-term lease expenses from discontinued operations amounted to and $292,029 for the three months ended July 31, 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. Lease expenses related to short-term leases amounted to $11,604 and $16,374 for the three months ended July 31, 2026 and 2025, respectively.
The Company’s operating ROU assets and lease liabilities were as follows:
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. The lease was subsequently terminated in July 2026. (see Note 13 – Related Party Lease).
On July 1, 2026, MarWynn entered into a 12-months lease for its office use in the City of Irvine, California, commencing on July 1, 2026. The monthly rental payment is $6,146. |
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