Stockholders' Deficit |
9 Months Ended |
|---|---|
Jan. 31, 2020 | |
| Equity [Abstract] | |
| Stockholders' Deficit | Note 8 – Stockholders’ Equity
The Company is authorized to issue 900,000,000 shares of its common stock, par value $0.001. 830,956,712 and 752,519,212 shares were outstanding as of January 31, 2020 and April 30, 2019, respectively.
In the quarter ended July 31, 2019, the Company issued an aggregate of 2,812,500 shares of restricted stock to its Chief Executive Officer, Chief Financial Officer and chief marketing officer as compensation. The shares were valued at $19,688.
On September 9, 2019, the Company signed a stock-based compensation agreement, ending on July 31, 2021, with its Chief Executive Officer. The Company issued 25 million shares of its common stock in conjunction with this agreement. The shares were valued at $305,000.
On September 9, 2019, the Company signed a stock-based compensation agreement with its Chief Financial Officer, ending on July 31, 2021. The Company issued 25 million shares of its common stock in conjunction with this agreement. The shares were valued at $305,000.
On September 9, 2019, the Company signed stock-based compensation agreements with two consultants, ending on July 31, 2021. The Company issued 12,500,000 shares of its common stock to each consultant in conjunction with these agreements. The total number of shares issued was valued at $305,000. One of the consultants is considered a related party and provides marketing and business development services to the Company. The second consultant provides business services to public companies.
On October 31, 2019, the Company recorded the issuance of 312,500 shares of common stock to its Chief Marketing Officer. The shares were valued at $2,343 and recorded as an expense in the quarter ended October 31, 2019.
On January 31, 2020, the Company recorded the issuance of 312,500 shares of common stock to its Chief Marketing Officer. The shares were valued at $1,500 and recorded as an expense in the quarter ended January 31, 2020.
In the quarter ended July 31, 2018, the Company issued 200,000 restricted shares of stock in conjunction with the purchase of a virtual reality game known as SpaceoutVR. The Company also issued 3,937,501 restricted shares of common stock as part of stock-based compensation agreements. Shares issues for compensation amounted to 3,625,000 shares to Company officers, and 312,501 to a consultant.
In the quarter that ended on October 31, 2018, the Company sold $5,000 of restricted common stock in a private placement and issued 2,800,000 shares of restricted stock. The Company also issued 8,262,501 restricted shares of common stock as part of stock-based compensation agreements. Shares issued for compensation amounted to 2,750,000 shares to Company officers, and 5,512,501 to three consultants. |