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INTANGIBLE ASSETS (Tables)
3 Months Ended
Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net consisted of the following:

 

                                   
   Weighted     
   Average Period   July 31, 2022 
   Amortization (in years)  

Carrying

Value

   Accumulated Amortization  

Impairment

Loss

  

Net Carrying

Value

 
Tradenames and patents   15.26   $2,085,582   $45,866    -   $2,039,716 
Customer relationships   9.92    19,520,000    368,996            -    19,151,004 
Internally developed software   4.91    3,010,000    241,392    -    2,768,608 
Total intangible assets       $24,615,582   $656,254   $-   $23,959,328 

 

 

                                   
   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 
SCHEDULE OF ESTIMATED FUTURE AMORTIZATION

As of July 31, 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 Periods Ended July 31,  Amortization
Expense
 
2023  $1,572,905 
2024   1,824,808 
2025   2,569,690 
2026   3,330,667 
2027   3,122,430 
Thereafter   11,538,828 
Total  $23,959,328