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10. INCOME TAXES (Tables) | 12 Months Ended
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Apr. 30, 2020
Income Tax Disclosure [Abstract] |
Schedule of deferred tax assets | The components of the Company’s deferred tax assets and liabilities are as follows:
|  | April 30, |
|  | 2020 |  |  | 2019 |
Deferred tax assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 12,904,396 |  |  |  | 11,849,290 |
Stock compensation |  |  | 2,494,586 |  |  |  | 2,233,230 |
Other |  |  | 129,976 |  |  |  | 105,251 |
Total deferred tax assets |  |  | 15,528,958 |  |  |  | 14,187,771 |
Net deferred tax assets |  |  |  |  |  |  |  |
Valuation allowance |  |  | (15,528,958 | ) |  |  | (14,187,771 | )
|  | $ | – |  |  | $ | – |
Tax provision schedule | The provision for income taxes differs from the provision computed by applying the Federal statutory rate to net loss before income taxes as follows:
|  | Years Ended April 30, |
|  | 2020 |  |  | 2019 |
Federal benefit at statutory rate |  | $ | (803,646 | ) |  |  | (854,118 | )
State income taxes, net of Federal taxes |  |  | (327,199 | ) |  |  | (274,538 | )
Permanent differences |  |  | 248,908 |  |  |  | 170,032 |
Provision related to change in valuation allowance |  |  | 1,341,187 |  |  |  | 952,170 |
Net valuation allowance for state tax deductions |  |  | (402,882 | ) |  |  | – |
Other, net |  |  | (56,368 | ) |  |  | 6,454 |
|  | $ | – |  |  | $ | – |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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