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GOODWILL
 12 Months Ended
Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL

Note 6: GOODWILL

 

The changes in the carrying amount of goodwill for the year ended April 30, 2022 were as follows:

 

 SCHEDULE OF GOODWILL

      
Balance as of April 30, 2021  $— 
Gameface acquisition (Note 5)   6,781,193 
PlaySight acquisition (Note 5)   25,862,000 
Foundation Sports acquisition (Note 5)   2,430,000 
Less impairment   (2,430,000)
Balance as of April 30, 2022  $32,643,193 

 

Impairment of Goodwill

 

Year ended April 30, 2022

 

The Company has assessed the indicators of impairment and concluded on the below for the respective reporting units:

 

Equipment

 

No goodwill was assigned to the Equipment segment as of April 30, 2022. Therefore, further analysis is not required for the Equipment reporting unit.

 

Technology

 

PlaySight, Gameface, and Foundation Sports were all assigned to the Technology segment as of April 30, 2022. The Company determined in April 2022 that the fair value of Foundation Sports was less than the carrying value of the net assets assigned to this entity and therefore goodwill related to Foundation Sports was fully impaired as of April 30, 2022. Impairment loss relating to Foundation Sports was $2,430,000.