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The Business (Tables)
9 Months Ended 12 Months Ended
Jan. 31, 2021
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
  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 
Brand Name   578,000 
Customer Relationships   39,000 
Goodwill   1,756,023 
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 

 

  D. Fat Shark Acquisition

  

  I. Purchase Price

Shares issued  $6,351,076 
Promissory note issued   1,753,000 
Cash   250,000 
Total Purchase Price  $8,354,076 

 

  II. Purchase Price Allocation

Assets Acquired   
Cash  $201,632 
Accounts receivable   249,159 
Other assets   384,232 
Inventory   223,380 
Goodwill   7,600,260 
Total assets acquired  $8,658,663 
      
Liabilities Assumed     
Accounts Payable and accrued expenses  $279,393 
Customer Deposits   25,194 
Total liabilities assumed   304,587 
Net assets acquired  $8,354,076 

 

  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