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ACCRUED EXPENSES
3 Months Ended
Jul. 31, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 3 – ACCRUED EXPENSES

 

Accrued expenses at July 31, 2022, and April 30, 2022, are summarized below: 

        
   July 31, 2022   April 30, 2022 
Payroll related costs  $148,581   $118,062 
R&D costs   377,155    377,155 
Other   4,595    3,792 
Total  $530,331   $499,009 

 

The Director and Officer Insurance Policy for the policy term of September 8, 2021, through September 8, 2022, was paid in full on August 8, 2021. The Company financed the Director and Officer Insurance Policy for the policy term of March 8, 2021, through September 8, 2021. The financing agreement had an interest rate of 4.85% per annum and required eight monthly payments of $12,829. The unpaid balances as of July 31, 2022, and 2021, of $0 and $12,786, respectively, are included in accrued expenses.