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Note 1 - Organization and Summary of Significant Accounting Policies: Going Concern (Policies)
3 Months Ended
Jul. 31, 2018
Policies  
Going Concern

Going Concern

 

The Company’s condensed consolidated financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

 

During the three months ended July 31, 2018 and year ended April 30, 2018, the Company recognized revenue of $70,222 and $159,672, respectively, and a net operating loss of $47,637 and $493,802, respectively. As of July 31, 2018, the Company had negative working capital of $411,396 and an accumulated deficit of $4,150,260.

 

In view of these conditions, the ability of the Company to continue as a going concern is in doubt and dependent upon achieving a profitable level of operations and on the ability of the Company to obtain necessary financing to fund ongoing operations. Historically, the Company has relied upon funds from the sale of shares of stock, issuance of promissory notes and loans from its shareholders and private investors to finance its operations and growth. Management is planning to raise necessary additional funds for working capital through loans and/or additional sales of its common stock. However, there is no assurance that the Company will be successful in raising additional capital or that such additional funds will be available on acceptable terms, if at all. Should the Company be unable to raise this amount of capital its operating plans will be limited to the amount of capital that it can access. These condensed consolidated financial statements do not give effect to any adjustments which will be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying condensed consolidated financial statements.