AMOUNT DUE FROM RELATED PARTY |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||
| AMOUNT DUE FROM RELATED PARTY | Note 16: AMOUNT DUE FROM RELATED PARTY
Nature of relationships with related party
Transaction with related party
The amount due from related party as of April 30, 2025, represented amounts receivable from Mr. Zhou under a downside guarantee arrangement relating to the Company’s investment in Brightstar Technology Group Co., Ltd. Under the guarantee arrangement, Mr. Zhou was obligated to compensate the Company for any decline in the fair value of the investment below the guaranteed amount upon sale of the investment. Compensation arising under the guarantee arrangement was recognized as shares guarantee income. The Company recognized shares guarantee income of approximately $ and $ for the years ended April 30, 2026 and 2025, respectively.
The Company recognized an impairment loss of approximately $2,582,505 related to the amount due from the director during the year ended April 30, 2026. As of April 30, 2026, no amount remained due from the related party.
The amount due to related party as of April 30, 2025, represented expenses paid by Mr. Zhou on behalf of the Company. As of April 30, 2026, no amount remained due to the related party.
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