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INTANGIBLE ASSETS (Tables)
 12 Months Ended
Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net consisted of the following:

 

                         
  

Weighted

   
   Average Period  

April 30, 2022

 
   Amortization (in years)   Carrying Value   Accumulated Amortization   Impairment Loss   Net Carrying Value 
Tradenames  15.26   $2,154,551   $24,102    (68,969)  $2,061,480 
Customer relationships  9.92    20,412,491    169,070    (892,491)   19,350,930 
Internally developed software  4.91    3,105,139    105,908    (95,139)   2,904,092 
Total intangible assets      $25,672,181   $299,080   $(1,056,599)  $24,316,502 

 

 

CONNEXA SPORTS TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

                    
   Weighted Average Amortization   April 30, 2021 
  

Period

(in years)

   Carrying Value   Accumulated Amortization   Net Carrying Value 
Tradenames  20   $115,583   $2,730   $112,853 
Total intangible assets      $115,583   $2,730   $112,853 
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION

As of April 30, 2022, the estimated future amortization expense associated with the Company’s intangible assets for each of the five succeeding fiscal years is as follows:

 

For the Years Ended April 30,  Amortization Expense 
2023  $1,572,905 
2024   1,824,808 
2025   2,569,690 
2026   3,330,667 
2027   3,122,430 
Thereafter   11,896,002 
Total  $24,316,502