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INCOME TAXES (Tables)

12 Months Ended

Apr. 30, 2023

SCHEDULE OF NET DEFERRED TAX ASSETS

 SCHEDULE OF NET DEFERRED TAX ASSETS

		2023				2022
Deferred tax assets:
Loss carryforwards		$	3,049,000			$	2,166,000
Stock options			8,454,000				8,259,000
Capital loss carryforward/Disposal			11,039,000				—
Related party accruals			1,001,000				799,000
Inventory reserve			133,000				100,000
Interest deferral			221,000				191,000
Start-up costs			81,000				84,000
Other			131,000				57,000
Valuation allowance			(24,109,000	)			(11,656,000	)
Net deferred tax assets		$	—			$	—

SCHEDULE OF INCOME TAX PROVISION

 SCHEDULE OF INCOME TAX PROVISION

		2023				2022
Income tax benefit based on book loss at US statutory rate		$	(10,983,000	)		$	(10,259,000	)
Share-based compensation and shares for services			—				—
Debt discount amortization			860,000				1,841,000
Related party accruals			226,000				150,000
Stock options			(145,000	)			6,815,000
Interest expense			79,000				5,000
Depreciation			(18,000	)			21,000
Inventory reserve			26,000				55,000
Interest deferral			(5,000	)			13,000
Acquisition costs			260,000				1,268,000
Accrued legal			(76,000	)			76,000
Loss on sale of capital assets			8,713,000				—
Accrued payroll			—				—
Change in fair value of derivatives			481,000				(1,298,000	)
Other			40,000				(29,000
Valuation allowance			542,000				1,342,000
Total income tax provision		$	—			$	—

ISRAEL

SCHEDULE OF NET DEFERRED TAX ASSETS

 SCHEDULE OF NET DEFERRED TAX ASSETS

		2023				2022
Deferred tax assets:
Loss carryforwards		$	241,000			$	234,000
Start-up costs			—				—
Research and development costs			(113,000	)			(113,000	)
Valuation allowance			(128,000	)			(121,000	)
Net deferred tax assets		$	—			$	—

SCHEDULE OF INCOME TAX PROVISION

 SCHEDULE OF INCOME TAX PROVISION

		2023				2022
Income tax provision (benefit) based on book income (loss) at Israeli statutory rate		$	(54,000	)		$	(56,000	)
Valuation allowance			54,000				56,000
Total income tax provision		$	—			$	—

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

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