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Loan Payables (Tables)

3 Months Ended

12 Months Ended

Jul. 31, 2023

Apr. 30, 2023

Loan Payables [Abstract]

Schedule of Company’s Loans

A summary of the Company’s loans is listed as follows:

Lender		Due date		July 31, 2023				April 30, 2023
American First National Bank		March 2, 2024		$	227,166			$	307,798
U.S. Small Business Administration		June 15, 2050			2,603,544				2,624,329
Total loan payables					2,830,710				2,932,127
Current portion of loan payables					(285,489	)			(370,828	)
Non-current loan payables				$	2,545,221			$	2,561,299

A summary of the Company’s loans is listed as follows:

Lender		Due date		April 30, 2023				April 30, 2022
American First National Bank		March 2, 2024		$	307,798			$	645,157
U.S. Small Business Administration		June 15, 2050			2,624,329				2,649,700
Total loan payables					2,932,127				3,294,857
Current portion of loan payables					(370,828	)			(498,252	)
Non-current loan payables				$	2,561,299			$	2,796,605

Schedule of Small Business Administration

U.S. Small Business Administration (the “SBA”)

Borrower		Due date		July 31, 2023			April 30, 2023
Maison Monrovia		June 15, 2050		$	147,419		$	148,574
Maison San Gabriel		June 15, 2050			1,965,117			1,980,725
Maison El Monte		June 15, 2050			491,007			495,030
Total SBA loan payables				$	2,603,544		$	2,624,329

U.S. Small Business Administration (the “SBA”)

Borrower		Due date		April 30, 2023			April 30, 2022
Maison Monrovia		June 15, 2050		$	148,574		$	149,900
Maison San Gabriel		June 15, 2050			1,980,725			1,999,900
Maison El Monte		June 15, 2050			495,030			499,900
Total SBA loan payables				$	2,624,329		$	2,649,700

Schedule of Future Minimum Principal Amount of Loan Payments

Year Ending April 30,		Amount
2024		$	58,323
2025			65,626
2026			67,792
2027			70,041
2028			72,376
Thereafter			2,269,386
Total		$	2,603,544

As of April 30, 2023, the future minimum principal amount of loan payments to be paid by year are as follows:

Year Ending April 30,		Amount
2024		$	63,030
2025			65,097
2026			67,243
2027			69,471
2028			71,784
Thereafter			2,287,704
Total		$	2,624,329

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