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Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2021
Apr. 30, 2021
Current assets    
Cash and cash equivalents $ 1,747,661 $ 928,796
Accounts receivable, net 846,529 762,487
Inventories, net 8,578,431 3,693,216
Prepaid inventory 475,913 140,047
Loan and interest receivable 1,435,219
Prepaid expenses and other current assets 110,970 60,113
Total current assets 13,194,723 5,584,659
Goodwill 1,240,000
Other intangible assets, net 2,290,895 112,853
Total assets 16,725,618 5,697,512
Current liabilities    
Accounts payable and accrued expenses 5,306,355 2,050,476
Accrued payroll and bonuses 1,210,805 1,283,464
Deferred revenue 71,242 99,531
Accrued interest - related party 821,925 747,636
Notes payable - related party, net 6,143,223
Convertible notes payable, net 2,627,778
Derivative liabilities 14,870,050 13,813,449
Total current liabilities 24,908,155 24,137,779
Long-term liabilities    
Note payable, net 10,477
Total liabilities 24,908,155 24,148,256
Commitments and contingencies (Note 11)
Shareholders’ deficit    
Common stock, $0.001 par value, 300,000,000 shares authorized, 41,869,622 and 27,642,828 shares issued and outstanding as of October 31, 2021 (unaudited) and April 30, 2021, respectively; 0 and 6,921,299 shares issuable as of October 31, 2021 (unaudited) and April 30, 2021, respectively 41,870 27,643
Additional paid-in capital 62,871,881 10,365,056
Accumulated other comprehensive loss (12,346) (20,170)
Accumulated deficit (71,083,942) (28,823,273)
Total shareholders’ deficit (8,182,537) (18,450,744)
Total liabilities and shareholders’ deficit $ 16,725,618 $ 5,697,512