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DISCONTINUED OPERATIONS (Tables)
 6 Months Ended 12 Months Ended
Oct. 31, 2023
Apr. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]    
SCHEDULE OF DISCONTINUED OPERATIONS

The Company reclassified the following operations to discontinued operations for the six and three months ended October 31, 2022.

  

  

Six months ended

October 31, 2022

 
Revenue  $2,873,671 
Operating expenses   6,700,528 
Other (income) loss   (163,377)
Net loss from discontinued operations  $(3,663,480)

 

  

Three months ended

October 31, 2022

 
Revenue  $1,510,558 
Operating expenses   3,422,259 
Other (income) loss   (7,935)
Net loss from discontinued operations  $(1,903,766)

Current assets as of April 30, 2022 – Discontinued Operations:

 

   April 30, 2022 
Cash and restricted cash  $916,082 
Accounts receivable   288,980 
Inventory   323,307 
Right of use asset – operating leases   239,689 
Prepaid expenses   490,260 
Current Asset  $2,258,318 

 

Non-current assets as of April 30, 2022 – Discontinued Operations:

 

   April 30, 2022 
Goodwill  $25,862,000 
Property and equipment, net   126,862 
Intangible assets, net   19,473,646 
Contract assets, net of current portion   209,363 
Finished products used in operations, net   4,693,575 
Non-current Asset  $50,365,446 

 

Current liabilities as of April 30, 2022 – Discontinued Operations:

 

   April 30, 2022 
Accounts payable and accrued expenses  $2,432,818 
Lease liability – operating leases   237,204 
Contract liabilities   2,545,200 
Current Liabilities  $5,215,222 

 

 

Non-current liabilities as of April 30, 2022 – Discontinued Operations:

 

   April 30, 2022 
Contract liabilities, net of current portion  $1,370,492 
      
Non-Current Liabilities  $1,370,492 

 

The Company reclassified the following operations to discontinued operations for the years ended April 30, 2023 and 2022, respectively.

 

   2023   2022 
Revenue  $3,954,149   $728,805 
Operating expenses   8,416,117    5,948,508 
Other (income) loss   -    27,974 
Net loss from discontinued operations  $(4,461,968)  $(5,247,677)
SCHEDULE OF CALCULATION OF THE LOSS ON DISPOSAL  

The following represents the calculation of the loss on disposal of PlaySight and Foundation Sports:

 

      
Note receivable  $2,000,000 
Cash and restricted cash   (714,507)
Accounts receivable   (411,249)
Prepaid expenses   (106,031)
Inventory   (296,920)
Finished products used in operations   (4,117,986)
Contract assets   (298,162)
Right of use asset   (103,228)
Goodwill   (25,862,000)
Property and equipment   (116,505)
Intangible assets   (18,576,475)
Contract liabilities   3,785,408 
Lease liabilities   78,016 
Accounts payable and accrued expenses   3,325,747 
Loss on disposal of discontinued operations  $(41,413,892)