NOTES PAYABLE |
6 Months Ended |
|---|---|
Oct. 31, 2025 | |
| NOTES PAYABLE | |
| NOTES PAYABLE | NOTE - 4: NOTES PAYABLE
On March 5, 2018, the Company subsidiary PSSI entered into a note agreement with Premium Marketing Associates, LLC for $25,000. The funds were designated for use in a marketing agreement with the Edward Fitzgerald Group for raising funds for PSSI. The note was to be repaid from investment fund generated by the Fitzgerald group plus 15% of the funds generated are paid to the investor. On July 18, 2018, the Company entered into a promissory note of $114,226.26 with interest rate of 8% per annum with Haynie & Company the Company’s former auditors. Under the terms of the agreement commencing August 15, 2018 the Company is to pay Haynie $5,000 per month. In addition, the Company shall pay the noteholder 20% of any funding event of private or public equity. On July 11, 2022, the Company negotiated a settlement of $37,500 with an initial payment of $30,000 and the balance due of $7,500 thirty days after the initial payment. As of October 31, 2025 the $7,500 had not been paid leaving the balance due on the note of $20,042.
On May 1, 2022, the Company entered into a loan agreement with EMAC Handels AG for short term loans up to $100,000. The loans bear interest at 6% per annum. As of October 31, 2025, the outstanding balance on the loan agreement was $117,708 plus accrued interest.
On July 11, 2024 the Company issued a promissory note for $50,000, The note matures in one year from issuance and bears interest at 10% per annum. The note has an initial discount of $10,000 and is not convertible.
On December 13, 2024 the Company issued a note for $12,500. The Note matured on July 11, 2025. On May 25, 2025 the Company issued 100,000 shares of series B preferred in payment of the note.
On May 6, 2025 the Company issued a promissory note for $12,000. The note matures July 11, 2025. The note has an initial discount of $2,000 and is not convertible.
On May 27, 2025 the Company issued a promissory note for $12,000. The note matures July 11, 2025. The note has an initial discount of $2,000 and is not convertible.
On June 26, 2025 the Company issued a promissory note for $9,400. The note matures July 11, 2025. The note has an initial discount of $1,900 and is not convertible.
On July 29, 2025 the Company issued a promissory note for $12,000. The note matures September, 2025. The note has an initial discount of $2,000 and is not convertible.
On August 12, 2025 the Company issued a promissory note for $18,000. The note matures September 10, 2025. The note has an initial discount of $3,000 and is not convertible.
On September 16, 2025, the Company issued a promissory note for $12,000. The note matures September 10, 2025. The note has an initial discount of $2,000 and is not convertible.
The Company periodically receives advances from RAB Investments. The advances are payable on demand and bear no interest. As of October 31, 2025, the outstanding balance due from the Company was $10,230.
As of October 31, 2025, and April 30, 2025 the outstanding balances of notes payable were $541,288 and $476,312, respectively. |