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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Oct. 31, 2021
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]  
SUMMARY OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities were calculated using Level 2 assumptions on the issuance and balance sheet dates via a Black-Scholes option pricing model and consisted of the following ending balances and gain amounts as of and for the three and six months ended October 31, 2021:

 

Note derivative is related to  October 31, 2021 ending balance   Gain (loss) for three months ended October 31, 2021  

Gain (loss)

for six

months ended

October 31, 2021

 
4/11/21 conversion of 12/24/20 note payable  $795,482   $441,178   $434,369 
4/15/21 note payable   -    1,788,123    6,014,245 
5/26/21 conversion of notes payable – related party   -    2,759,718    2,867,749 
8/6/21 convertible notes   

14,074,568

    

(185,450

)   

(185,450

)
Total  $14,870,050   $4,803,569   $9,130,913 
SUMMARY OF VALUATION USING BLACK-SCHOLES PRICING METHOD

The Black-Scholes option pricing model assumptions for the derivative liabilities during the six months ended October 31, 2021 and 2020 consisted of the following:

 

   2021   2020 
Expected life in years   1.7 – 5.0 years    N/A 
Stock price volatility   50% – 155%   N/A 
Risk free interest rate   0.16% – 1.21%   N/A 
Expected dividends   0%   N/A 
Warrant [Member]  
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]  
SUMMARY OF VALUATION USING BLACK-SCHOLES PRICING METHOD

The warrants granted during the six months ended October 31, 2021 and 2020 were valued using a Black-Scholes option pricing model on the date of grant using the following assumptions:

 

   2021   2020 
Expected life in years   5 - 10 years      10 years 
Stock price volatility   50% - 157%   148% - 152%
Risk free interest rate   0.90% - 1.63%   0.68% - 0.85%
Expected dividends   0%   0%