NOTES PAYABLE |
9 Months Ended |
|---|---|
Jan. 31, 2026 | |
| NOTES PAYABLE | |
| NOTES PAYABLE | NOTE – 5: 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 January 31, 2026 the note 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 January 31, 2026, the outstanding balance on the loan agreement was $116,168 plus accrued interest.
Beginning November 20, 2023, the Company received advancements from EMAC Hamdels. The balance at January 31, 2026 is $36,186.
On July 10, 2024 the Company issued a promissory note for $50,000, The note matured 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 promissory note to Mayday Management Inc for $12,500 plus interest and cost of $845. The note was due on February 10, 2025. On May 25, 2025 the note was converted to 100,000 share of series B preferred stock.
On December 13, 2024 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 December 26, 2024 the Company issued a promissory note for $50,000. The note matured on July 11, 2025. The note has an initial discount of $10,000 and is not convertible.
On January 7, 2025 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible.
On January 21, 2025 the Company issued a promissory note of $43,500. The note matured on July 11, 2025. The note had an initial discount of $8,500.
On February 12, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible,
On February 18, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible
On March 11, 2025 the Company issued a promissory note for $25,000. The note matures July 11, 2025. The note has an initial discount of $5,000 and is not convertible.
During the nine months ended January 31, 2025, an officer of the Company advanced the Company $9,460. The advance bears no interest and is due on August 28, 2025.
Beginning November 20, 2023, the Company received advancements from EMAC Hamdels in PSSI. The balance at January 31, 2026 is $36,186
On May 6, 2025 the Company issued a promissory note for $12,000. The note matured 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 matured 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 matured 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 matured September 10, 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 matured 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 matured September 10, 2025. The note has an initial discount of $3,000 and is not convertible.
On November 6, 2025 the Company issue a note for $12,000. The note matures on December 15, 2025 . The note has an original discount of $2,000.
On December 12, 2025 the Company issued a note in the amount of $7,750 to Eric Forrest. The note bears an interest rate of 5% and is due on March 15, 2026.
On December 12, 2025 the Company issued a note in the amount of $6,000 with a discount of 10% The note matured on December 30, 2025.
On January 29, 2026, the Company issued a promissory note for $6,000. The note matures March 30, 2026. The note has an initial discount of $1,000 and is not convertible.
During the nine months period ending January 31, 2026, Mayday Management advanced the Company $5,000.
The Company periodically receives advances from RAB Investments. The advances are payable on demand and bear no interest. As of January 31, 2026 the outstanding balance due from the Company was $10,230.
As of January 31, 2026, and April 30, 2025 the outstanding balances of notes payable were $565,288 and $476,312, respectively. |