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CONCENTRATION OF CREDIT RISK AND OTHER RISKS AND UNCERTAINTIES | 12 Months Ended
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Apr. 30, 2022
Risks and Uncertainties [Abstract] |
CONCENTRATION OF CREDIT RISK AND OTHER RISKS AND UNCERTAINTIES | Note 4: CONCENTRATION OF CREDIT RISK AND OTHER RISKS AND UNCERTAINTIES Revenue Concentration For the year ended April 30, 2022, the Company had four customers that accounted for 39.75%, 12.97%, 12.77%, and 10.52% of the Company’s revenues, respectively. For the year ended April 30, 2021 the Company had one customer that accounted for 12.14% of revenue. Accounts Receivable Concentration For the year ended April 30, 2022, the Company had two customers that accounted for 24.01% and 19.11% of the Company’s trade receivables balance, respectively. For the year ended April 30, 2021 the Company had four customers that accounted for 14.93%, 14.13%, 11.89%, and 10.26% of the Company’s trade receivables balance, respectively. Purchases Concentration For the year ended April 30, 2022, the Company had three suppliers that accounted for 15.63%, 14.93%, and 10.18% of the Company’s purchases balance, respectively. For the year ended April 30, 2021 the Company had three suppliers that accounted for 18.24%, 12.58%, and 10.34% of the Company’s purchases balance, respectively. Accounts Payable Concentration As of April 30, 2022, the Company had four significant suppliers that accounted for 21.15%, 13.28%, 12.78%, and 12.26% of the Company’s trade payables balances, respectively. As of April 30, 2021, the Company had three significant suppliers that accounted for 22.26%, 14.57% and 13.91% of trade payables, respectively.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI https://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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