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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 30, 2022

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

SUMMARY OF INVENTORY

 SUMMARY OF INVENTORY

		2022				2021
Finished Goods		$	4,397,098			$	1,591,826
Component/Replacement Parts			2,559,848				1,777,028
Capitalized Duty/Freight			1,328,198				347,362
Inventory Reserve			(100,000	)			(23,000	)
Total		$	8,185,144			$	3,693,216

SUMMARY OF DERIVATIVE LIABILITIES

The Company’s derivative liabilities were calculated using Level 2 assumptions on the issuance and balance sheet dates via a Black-Scholes option pricing model and consisted of the following ending balances and gain amounts as of and for the year ended April 30, 2022:

 SUMMARY OF DERIVATIVE LIABILITIES

		April 30, 2022				(Gain) loss for year
Note derivative is related to		ending balance				ended April 30, 2022
4/11/21 conversion of 12/24/20 note payable		$	1,061,550			$	(168,301	)
4/15/21 note payable			—				(6,014,245	)
5/26/21 conversion of notes payable – related party			—				(2,867,749	)
8/6/21 convertible notes			4,382,229				(9,506,889	)
Total		$	5,443,779			$	(18,557,184	)

SUMMARY OF WARRANTS GRANTED VALUATION USING BLACK-SCHOLES PRICING METHOD

The Black-Scholes option pricing model assumptions for the derivative liabilities during the year ended April 30, 2022 and 2021 consisted of the following:

 SUMMARY OF WARRANTS GRANTED VALUATION USING BLACK-SCHOLES PRICING METHOD

		2022				2021
Expected life in years			1.95-4.3 years				1.7-5.0 years
Stock price volatility			50	%			50%-155	%
Risk free interest rate			2.67%-2.90	%			0.16%-1.56	%
Expected dividends			0	%			0	%

Warrant [Member]

Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]

SUMMARY OF WARRANTS GRANTED VALUATION USING BLACK-SCHOLES PRICING METHOD

The warrants granted during the year ended April 30, 2022 and 2021 were valued using a Black-Scholes option pricing model on the date of grant using the following assumptions:

 SUMMARY OF WARRANTS GRANTED VALUATION USING BLACK-SCHOLES PRICING METHOD

		2022				2021
Expected life in years			5 – 10 years				2 – 10 years
Stock price volatility			50% - 148%				148% - 280%
Risk free interest rate			0.77% - 1.63%				0.12% - 1.64%
Expected dividends			0%				0%

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