| DISCONTINUED OPERATIONS |
NOTE 14 – DISCONTINUED OPERATIONS
As part of the change in control effective on
December 24, 2025, the prior operation pertaining to the Poultry Farming Consultancy and the Subscription Plan for API services have been
discontinued. These operations were considered to no longer be congruent with the Company’s new management team nor with the operations
going forward.
The cessation of these revenues and the disposal
of the associated assets represents a strategic shift that has certain effects on the Company’s operations and financial results.
Accordingly, the results of those operations have been classified as discontinued operations in the accompanying consolidated statements
of operations for the periods presented, in accordance with ASC 205-20.
Assets and liabilities of discontinued operations
as of April 30, 2026 and 2025, are as follows:
| Schedule of discontinued operations | |
| | |
| |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Assets | |
| | | |
| | |
| Prepaid expense | |
$ | – | | |
$ | 25,975 | |
| Total Current Assets | |
| – | | |
| 25,975 | |
| | |
| | | |
| | |
| Intangible assets, net (a) | |
| – | | |
| 118,322 | |
| Total Assets | |
$ | – | | |
$ | 144,297 | |
| | |
| | | |
| | |
| Liabilities | |
| | | |
| | |
| Accounts payable | |
$ | 5,272 | | |
$ | – | |
| Deferred revenue | |
| – | | |
| 5,272 | |
| | |
| | | |
| | |
| Total Liabilities | |
$ | 5,272 | | |
$ | 5,272 | |
| (a) | – Intangible assets were made up of the following at each balance sheet date: |
| | |
| |
| | |
| |
| | |
Estimated Useful Life (years) | |
April 30, 2026 | | |
April 30, 2025 | |
| API | |
5 | |
$ | 121,100 | | |
$ | 121,100 | |
| Website | |
3 | |
| 9,400 | | |
| 9,400 | |
| Software | |
5 | |
| 9,000 | | |
| 9,000 | |
| Subtotal | |
| |
| 139,500 | | |
| 139,500 | |
| Accumulated amortization | |
| |
| (35,755 | ) | |
| (21,178 | ) |
| Impairment | |
| |
| (103,745 | ) | |
| – | |
| Net book value | |
| |
$ | – | | |
$ | 118,322 | |
During the year ended April 30, 2026 and 2025,
we recognized $14,577 and $15,950 in amortization expense, respectively.
During the year ended April 30, 2026, the Company
recognized $103,745 in impairment expense.
Results of discontinued operations for the years
ended April 30, 2026 and 2025 are as follows:
| | |
| | |
| |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Revenue | |
| | | |
| | |
| Consulting services | |
$ | – | | |
$ | 23,726 | |
| API Requests | |
| – | | |
| 26,179 | |
| Total Revenues | |
| – | | |
| 49,905 | |
| | |
| | | |
| | |
| Operating Expenses | |
| | | |
| | |
| General and administrative | |
| 14,577 | | |
| 54,626 | |
| | |
| | | |
| | |
| Other Expenses | |
| | | |
| | |
| Loss on write-off of assets | |
| (129,720 | ) | |
| – | |
| | |
| | | |
| | |
| Income (Loss) from discontinued operations | |
$ | (144,297 | ) | |
$ | (4,721 | ) |
Cash flow activity of discontinued operations
for the years ended April 30, 2026 and 2025 are as follows:
| | |
| | |
| |
| | |
April 30, 2026 | | |
April 30, 2025 | |
| Cash Flows From Discontinued Operating Activities: | |
| | | |
| | |
| Net loss | |
$ | (144,297 | ) | |
$ | (4,721 | ) |
| Amortization – intangible asset (intellectual property) | |
| 14,577 | | |
| 15,950 | |
| Impairment of intangible assets | |
| 103,745 | | |
| – | |
| Changes in operating assets and liabilities: | |
| | | |
| | |
| (Increase) decrease in | |
| | | |
| | |
| Prepaid expense | |
| 25,975 | | |
| (18,475 | ) |
| Increase (decrease) in | |
| | | |
| | |
| Deferred Income | |
| – | | |
| 5,272 | |
| Net cash used in operating activities of discontinued operations | |
$ | – | | |
$ | (1,974 | ) |
| | |
| | | |
| | |
| Cash Flows From Discontinued Investing Activities: | |
| | | |
| | |
| Intangible assets | |
$ | – | | |
$ | (55,000 | ) |
| Net cash used in investing activities of discontinued operations | |
$ | – | | |
$ | (55,000 | ) |
|