v3.20.1

Principal Financing Agreements (Tables)

9 Months Ended

Jan. 31, 2020

Note 4 - Principal Financing Agreements Tables

Schedule of debt

The following table summarizes components of debt as of January 31, 2020 and April 30, 2019:

		January 31,				April 30, 2019			Interest Rate
		2020
Secured lender (affiliate)	$	1,000,000			$	1,000,000			1.25%
Notes payable – related parties		71,800				76,100			0.0 – 8.0 %
Demand notes payable		7,860				7,860			0.0%
Loan payable – bank		34,324				34,324			5.5 – 7.0%
Total Debt	$	1,113,984			$	1,118,284

X

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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