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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Jul. 31, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

FAIR VALUE MEASUREMENTS (Details - Fair value Level 3)

FAIR VALUE MEASUREMENTS (Details - Fair value Level 3)

Description		Level				July 31, 2023				April 30, 2023
Liabilities:
Warrant liability (Note 5)			3			$	15,579,000			$	–
Bifurcated embedded derivative (Note 11)			3			$	3,300,000			$	–

Fair Value, Recurring [Member] | Warrant Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

FAIR VALUE MEASUREMENTS (Details - Schedule of changes in fair value)

FAIR VALUE MEASUREMENTS (Details - Schedule of changes in fair value)

The following table sets forth a summary of the change in the fair value of the warrant liability that is measured at fair value on a recurring basis.

		July 31, 2023
Balance on April 30, 2023		$	–
Issuance of warrants			14,127,000
Change in fair value of warrant liability			1,452,000
Balance on July 31, 2023		$	15,579,000

The following table sets forth a summary of the change in the fair value of the bifurcated embedded derivative liability that is measured on a recurring basis:

		July 31, 2023
Balance on April 30, 2023		$	–
Issuance of convertible preferred stock with bifurcated embedded derivative			2,770,000
Change in fair value of bifurcated embedded derivative			530,000
Balance on July 31, 2023		$	3,330,000

X

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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