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CONCENTRATION OF CREDIT RISK AND OTHER RISKS AND UNCERTAINTIES
12 Months Ended
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.