XML 20 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
Apr. 30, 2022
Apr. 30, 2021
Current assets:    
Cash and cash equivalents $ 1,424,360 $ 928,796
Restricted cash 156,724
Accounts receivable, net 1,322,370 762,487
Inventories, net 8,185,144 3,693,216
Prepaid inventory 499,353 140,047
Operating lease right-of-use asset, current portion 239,689
Contract assets 235,526
Prepaid expenses and other current assets 762,930 60,113
Total current assets 12,826,096 5,584,659
Fixed assets, net 174,217
Contract assets, net of current portion 209,363
Finished products used in operations, net 4,693,575
Goodwill 32,643,193
Intangible assets, net 24,316,502 112,853
Total assets 74,862,946 5,697,512
Current liabilities:    
Accounts payable 6,465,373 1,041,817
Accrued expenses 5,602,011 2,292,123
Contract liabilities 2,656,706 99,531
Related party purchase obligation payable 500,000  
Operating lease liability, current portion 237,204
Accrued interest 708,677
Accrued interest - related party 908,756 747,636
Notes payable, net 4,639,376
Notes payable - related party, net 6,143,223
Convertible notes payable, net 10,327,778
Derivative liabilities 5,443,779 13,813,449
Contingent consideration 1,334,000
Other current liabilities 156,862
Total current liabilities 38,980,522 24,137,779
Contract liabilities, net of current portion 1,370,492
Long-term portion of notes payable - related party, net 2,000,000
Notes payable, net 10,477
Total liabilities 42,351,014 24,148,256
Commitments and contingencies (Note 15)
Shareholders’ equity (deficit):    
Common stock - $.001 par value, 300,000,000 shares authorized, 4,194,836 and 2,764,282 shares issued and outstanding as of April 30, 2022 and 2021, respectively; 412,232 and 692,130 shares issuable as of April 30, 2022 and 2021 4,195 2,764
Additional paid-in capital 113,049,700 10,389,935
Accumulated other comprehensive income/(loss) 54,962 (20,170)
Accumulated deficit (80,596,925) (28,823,273)
Total shareholders’ equity (deficit) 32,511,932 (18,450,744)
Total liabilities and shareholders’ equity (deficit) $ 74,862,946 $ 5,697,512