v3.26.3
Income Taxes (Tables)
3 Months Ended
Jul. 31, 2026
Income Taxes [Abstract]  
Schedule of Provision for Income Taxes

For the three months ended July 31, 2026, and 2025, the provision for income taxes consisted of the following:

 

    Three
Months
ended
July 31,
2026
    Three
Months
ended
July 31,
2025
 
Current:            
Federal income tax expense   $ 9,915     $ 817  
State income tax expense     32,715       691  
Deferred:                
Federal income tax expense            
State income tax expense            
Total income tax expense   $ 42,630     $ 1,508  
Schedule of Effective Income Tax Rate

The following table reconciles the Company’s effective income tax rate for the three months ended July 31, 2026 and 2025:

 

    Three Months
ended
July 31,
2026
    Three Months
ended
July 31,
2025
 
Federal statutory rate     21.0 %     21.0 %
State statutory rate, net of effect of state income tax deductible to federal income tax     6.98 %     6.98 %
Permanent difference – penalties, interest, and others     (43.97 )%     (0.06 )%
Valuation allowance     (48.31 )%     (27.98 )%
Effective tax rate     (64.30 )%     (0.06 )%
Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred taxes are comprised of the following:

 

    July 31,
2026
(unaudited)
    April 30,
2026
 
Deferred tax assets:            
Operating lease liabilities, net of ROU   $ -     $ -  
Depreciation     3,348       3,348  
Bad debt expense     10,066       10,066  
NOL     2,173,312       2,141,283  
Valuation allowance     (2,186,726 )     (2,154,697 )
Deferred tax assets, net   $     $