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v3.20.4

The Business (Tables) | 6 Months Ended | 12 Months Ended
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Oct. 31, 2020 | Apr. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |  |
Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger |
| I. | Purchase Price
Shares issued |  | $ | 1,820,114 |
Promissory note issued |  | $ | 175,000 |
Total Purchase Price |  | $ | 1,995,114 |
| II. | Purchase Price Allocation
Assets Acquired |  |
Cash |  | $ | 21,623 |
Accounts receivable |  |  | 28,500 |
Other assets |  |  | 3,853 |
Inventory |  |  | 127,411 |
Trademark |  |  | 20,000 |
Goodwill |  |  | 2,373,023 |
Total assets acquired |  |  | 2,574,410 |
Liabilities Assumed |  |  |  |
Accounts Payable and accrued expenses |  | $ | 171,651 |
Notes payable |  | $ | 209,799 |
Due to Related Party |  | $ | 197,846 |
Total liabilities assumed |  | $ | 579,296 |
Net assets acquired |  | $ | 1,995,114 |
| A. | The Share Exchange Agreement
| Cash |  |  | $ | 24,704 |
| Goodwill |  |  |  | 93,050 |
| Total |  |  | $ | 117,754 |
| C. | Merger Agreement with Rotor Riot, LLC
| I. | Purchase Price
Shares issued |  | $ | 1,820,114 |
Promissory note issued |  | $ | 175,000 |
Total Purchase Price |  | $ | 1,995,114 |
| II. | Purchase Price Allocation
Assets Acquired |  |
Cash |  | $ | 21,623 |
Accounts receivable |  |  | 28,500 |
Other assets |  |  | 3,853 |
Inventory |  |  | 127,411 |
Trademark |  |  | 20,000 |
Goodwill |  |  | 2,373,023 |
Total assets acquired |  |  | 2,574,410 |
Liabilities Assumed |  |  |  |
Accounts Payable and accrued expenses |  | $ | 171,651 |
Notes payable |  | $ | 209,799 |
Due to Related Party |  | $ | 197,846 |
Total liabilities assumed |  | $ | 579,296 |
Net assets acquired |  | $ | 1,995,114 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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