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Income taxes (Tables)

9 Months Ended

Jan. 31, 2024

Income Taxes [Abstract]

Schedule of Provision for Income Taxes Provisions

The provision for income taxes provisions consisted of the following components:

		Three Months ended January 31, 2024				Three Months ended January 31, 2023
Current:
Federal income tax expense		$	117,066			$	51,442
State income tax expense			44,058				37,346
Deferred:
Federal income tax expense (benefit)			(1,852	)			7,716
State income tax expense (benefit)			(616	)			2,566
Total		$	158,656			$	99,070

		Nine Months ended January 31, 2024				Nine Months ended January 31, 2023
Current:
Federal income tax expense		$	314,714			$	126,185
State income tax expense			116,143				71,195
Deferred:
Federal income tax benefit			(4,604	)			(6,175	)
State income tax benefit			(1,531	)			(2,054	)
Total		$	424,722			$	189,151

Schedule of Federal Statutory Rate on Income (Loss) before Income Taxes

The following is a reconciliation of the difference between the actual (benefit) provision for income taxes and the (benefit) provision computed by applying the federal statutory rate on income (loss) before income taxes:

		Three Months ended January 31, 2024				Three Months ended January 31, 2023
Federal statutory rate expense (benefit)			(79,149	)			274,164
State statutory rate, net of effect of state income tax deductible to federal income tax			(25,658	)			92,473
Permanent difference – penalties, interest, and others			73,945				29,348
Utilization of net operating losses (“NOL”)			—				(244,859	)
Changes in valuation allowance			189,518				(52,056	)
Tax expense per financial statements			158,656				99,070

		Nine Months ended January 31, 2024				Nine Months ended January 31, 2023
Federal statutory rate expense (benefit)			(9,676	)			297,661
State statutory rate, net of effect of state income tax deductible to federal income tax			(1,249	)			100,952
Permanent difference – penalties, interest, and others			86,085				54,845
Utilization of NOL			(24,138	)			(300,508	)
Change in valuation allowance			373,700				36,201
Tax expense per financial statements			424,722				189,151

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred taxes were comprised of the following:

		January 31, 2024				April 30, 2023
Deferred tax assets:
Bad debt expense		$	54,206			$	70,929
Inventory impairment loss			39,642				—
Investment loss on equity method investment			17,902				—
Lease liabilities, net of ROU			603,181				441,997
NOL			451,006				583,490
Valuation allowance			(1,151,652	)			(1,085,551	)
Deferred tax assets, net		$	14,285			$	10,865
Deferred tax liability:
Trademark acquired at acquisition of Maison Monterey Park			48,558				51,273
Deferred tax liability, net of deferred tax assets		$	34,273			$	40,408

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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.

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-Topic 740
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-Section 50
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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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