XML 35 R26.htm IDEA: XBRL DOCUMENT v3.20.4
NOTES PAYABLE (Tables)
6 Months Ended
Oct. 31, 2020
NOTES PAYABLE (Tables)  
Summary of Notes payable, currently in default

 

 

October 31,
2020

 

 

April 30,
2020

 

 

 

 

 

 

 

 

Note payable to an unrelated party, matured March 18, 2014, with interest at 10%

 

$ 75,001

 

 

$ 75,001

 

 

 

 

 

 

 

 

 

 

 

 

$ 75,001

 

 

$ 75,001

 

Schedule of Convertible Notes Payable, Currently in Default

 

 

October 31,
 2020

 

 

April 30,
 2020

 

Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $3.70 per share

 

$ 25,000

 

 

$ 25,000

 

Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $1.00 per share

 

 

50,000

 

 

 

50,000

 

Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price

 

 

59,400

 

 

 

59,400

 

Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

42,429

 

 

 

53,028

 

Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

42,365

 

 

 

42,365

 

Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

91,331

 

 

 

91,331

 

Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

2,009

 

 

 

2,009

 

Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

49,500

 

 

 

-

 

Note payable to an accredited investor, matured September 4, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

-

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

-

 

Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price. See discussion under Long-Term Convertible Notes Payable below:

 

 

 

 

 

 

 

 

Advance dated September 13, 2018, matured September 13, 2020

 

 

1,380

 

 

 

-

 

Advance dated October 16, 2018, matured October 16, 2020

 

 

123,200

 

 

 

-

 

Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

275,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

928,114

 

 

 

323,133

 

Less discount

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total

 

$ 928,114

 

 

$ 323,133

 

Summary of Current Convertible Notes Payable

 

 

October 31, 2020

 

 

April 30, 2020

 

Note payable to an accredited investor, maturing December 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

$ 24,700

 

 

$ 24,700

 

Note payable to an accredited investor, maturing December 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

70,000

 

 

 

70,000

 

Original issue discount convertible debenture to an accredited investor, maturing December 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

600,000

 

 

 

600,000

 

Note payable to an accredited investor issued for extension fees, maturing December 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

200,000

 

 

 

200,000

 

Note payable to an accredited investor issued for extension fees, maturing December 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

90,000

 

 

 

90,000

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of October 31, 2020)

 

 

-

 

 

 

35,900

 

Note payable to an accredited investor, maturing December 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

110,000

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of October 31, 2020)

 

 

-

 

 

 

100,000

 

Note payable to an accredited investor, matured June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of October 31, 2020)

 

 

-

 

 

 

250,000

 

Note payable to an accredited investor, matured June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of October 31, 2020)

 

 

-

 

 

 

56,500

 

Note payable to an accredited investor, matured September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of October 31, 2020)

 

 

-

 

 

 

56,500

 

Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price

 

 

10,000

 

 

 

10,000

 

Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price – See discussion under Long-Term Convertible Notes Payable below:

 

 

 

 

 

 

 

 

Advance dated September 13, 2018, matured September 13, 2020 (in default as of October 31, 2020)

 

 

-

 

 

 

1,380

 

Advance dated October 16, 2018, matured October 16, 2020 (in default as of October 31, 2020)

 

 

-

 

 

 

123,200

 

Total

 

 

1,104,700

 

 

 

1,728,180

 

Less discount

 

 

(10,701 )

 

 

(140,941 )

 

 

 

 

 

 

 

 

 

Net

 

$ 1,093,999

 

 

$ 1,587,239