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Note 4 - Notes Payable (Tables) | 3 Months Ended
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Jul. 31, 2021
Debt Disclosure [Abstract] |
agreements with Shopify | Shopify Capital is an affiliate of Shopify, Inc. which provides sales software and services to the Company. The Company processes customer transactions ordered on the e-commerce site for Rotor Riot through Shopify. Shopify Capital has entered into multiple agreements with the Company in which it has "purchased receivables" at a discount. Shopify retains a portion of the Company's daily receipts until the purchased receivables have been paid. The Company recognizes the discount as a transaction fee, in full, in the month in which the agreement is executed. The Company assumed an existing agreement when it acquired Rotor Riot in January 2020. This agreement was repaid in May 2020. Since then, the Company has entered into the following agreements with Shopify:
|  | Date of Transaction |  | Purchased Receivables |  | Payment to Company |  | Transaction Fees |  | Withholding Rate |  | Balance at July 31, 2021
|  | May 2020 |  | $158,200 |  | $140,000 |  | $18,200 |  | 17% |  | Completed - October 2020
|  | September 2020 |  | $209,050 |  | $185,000 |  | $24,050 |  | 17% |  | Completed - May 2021
|  | April 2021 |  | $236,500 |  | $215,000 |  | $21,500 |  | 17% |  | $154,303

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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