10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended January 31, 2020

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from               to             

Commission File Number 000-54851

DEFENSE TECHNOLOGIES INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)

Delaware	99-0363802
(State of Incorporation)	(I.R.S. Employer Identification Number)

2683 Via De La Valle, Suite G418, Del Mar CA 92014

(Address of principal executive offices)

(800) 520-9485

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   [X]     No  [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  [X]    No  [   ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company

Large accelerated filer	[   ]	Accelerated filer	[   ]
Non-accelerated filer	[X]	Smaller reporting company	[X]
		Emerging Growth Company	[X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes  [   ]   No  [X]

As of  March 12, 2020, there were 8,441,062 shares of the registrant’s common stock, and 2,925,369 Series A preferred and 520,000 Series B preferred: $0.0001 par value, outstanding.

DEFENSE TECHNOLOGIES INTERNATIONAL CORP.

FORM 10-Q

FOR THE THREE  AND NINE MONTH PERIODS ENDED JANUARY 31, 2020 AND 2019

TABLE OF CONTENTS

	PART  I    —   FINANCIAL INFORMATION	Page
Item 1.	Financial Statements:
	Condensed Consolidated Balance Sheets as of January 31, 2020 (Unaudited) and April 30, 2019 (Audited)	3
	Condensed Consolidated Statements of Operations for the Three and Nine Month Periods Ended January 31, 2020 and 2019 (Unaudited)	4
	Condensed Consolidated Statements of Shareholders Deficit for the Three and Nine Months Ended January 31, 2020 and 2019 (Unaudited)	5
	Condensed Consolidated Statements of Cash Flows for the Nine Month Periods Ended January 31, 2020 and 2019 (Unaudited)	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	18
Item 4.	Controls and Procedures	18
	PART II   —   OTHER INFORMATION
Item 1.	Legal Proceedings	19
Item 1A.	Risk Factors	19
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds.	19
Item 3.	Defaults upon Senior Securities	19
Item 4.	Mine Safety Disclosure	19
Item 5.	Other Information	19
Item 6.	Exhibits	20
	Signatures	20

2

PART  I   —   FINANCIAL INFORMATION

Item 1.   Financial Statements

Defense Technologies International Corp.
Condensed Consolidated Balance Sheets
	January 31, 2020			April 30, 2019
ASSETS	(Unaudited)			(Audited)
Current assets:
Cash	$	81,185		$	60
Inventory		26,737			2,787
Prepaid		3,000			10,500
Total current assets		110,922			13,347
Fixed assets		31,836			--
Right of use lease		62,825			--
Total assets	$	205,583		$	13,347
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued expense	$	232,330		$	283,489
Accrued licenses agreement payable		73,800			36,300
Accrued interest and fees payable		144,736			209,981
Convertible notes payable, net of discount		689,454			959,800
Derivative liabilities		1,136,092			1,252,539
Payables – related parties		904,122			749,879
Customer deposits		45,695			--
Lease liability- current portion		36,398			--
Notes payable		429,226			429,226
Total current liabilities		3,691,853			3,921,214
Long term liabilities
Lease liability – noncurrent		26,427			--
Total liabilities		3,718,280			3,921,214
Commitments and Contingencies		--			---
Stockholders’ deficit:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized,
Series A – 2,925,369 and 2,925,369 shares issued and outstanding, respectively		292			292
Series B – 520,000 shares issued and outstanding, respectively		52			52
Common stock, $0.0001 par value; 200,000,000 shares authorized, 8,441,062, net of treasury and 5,022,244 shares issued and outstanding, respectively		844			502
Additional paid-in capital		6,205,729			5,496,972
Accumulated deficit		(9,569,949	)		(9,276,082	)
Total		(3,363,032	)		(3,778,608	)
Non-controlling interest		(149,665	)		(129,603	)
Total stockholders’ deficit		(3,512,697	)		(3,908,211	)
Total liabilities and stockholders’ deficit	$	205,583		$	13,347

See notes to condensed consolidated financial statements

3

Defense Technologies International Corp.

Condensed Consolidated Statements of Operations

(Unaudited)

	Three Months ended January 31,						Nine Months Ended January 31,
	2020			2019			2020			2019
Expenses:
General and administrative	$	227,006		$	257,309		$	638,668		$	678,800
Total expenses		227,006			257,309			638,668			678,000
Loss from operations		(227,006	)		(257,309	)		(638,668	)		(678,000	)
Other income (expense):
Interest expense		(52,139	)		(30,077	)		(102,221	)		(149,313	)
Gain (loss) on derivative liability		1,577,169			599,132			2,401,565			1,814,124
Gain (loss) on extinguishment of debt		--			--			204,906			(10,000	)
Gain (loss) on cancellation of stock		--			--			96,518			--
Gain (loss)  on shares issued for service		11,338			--			11,338			--
Finance costs		1,482			--			(9,206	)		--
Interest- note discount		(116,874	)		(21,805	)		(160,790	)		(30,277	)
Gain (loss) on notes		(2,053,148	)		--			(2,117,371	)		(7,596	)
Total other income (expense)		(632,172	)		547,250			324,739			1,616,938
Income (loss) before income taxes		(859,178	)		289,941			(313,929	)		938,138
Provision for income taxes		--			--			--			--
Net income (loss) before non-controlling interest		(859,178	)		289,941			(313,929	)		938,138
Non- controlling interest in net loss of the consolidated subsidiary		(6,139	)		(10,823	)		(20,062	)		(856	)
Net income (loss) attributed to the Company	$	(853,039	)	$	279,118		$	(293,867	)	$	937,282
Net income (loss) per common share:
Basic	$	(0.11	)	$	0.07		$	(0.05	)	$	0.37
Diluted	$	(0.11	)	$	0.05		$	(0.05	)	$	0.22
Weighted average common shares outstanding:
Basic		7,602,724			4,027,687			6,239,867			2,514,927
Diluted		7,602,724			5,840,922			6,239,867			4,328,162

See notes to condensed consolidated financial statements

4

Defense Technologies International Corp. and Subsidiary

Condensed Consolidated Statements of Stockholders’ Deficit

For the Three and Nine Months Ended January 31, 2020 and 2019

(Unaudited)

	Preferred Stock																Additional						Non-			Total
	Series A						Series B				Common Stock						Paid-In			Accumulated			Controlling			Stockholders’
	Shares			Amount			Shares		Amount		Shares			Amount			Capital			Deficit			Interest			Deficit
Nine Months Ended January 31, 2019
Balance, April 30, 2018		3,277,369		$	327			520,000	$	52		1,283,758		$	128		$	5,076,110		$	(9,745,809	)	$	(15,596	)	$	(4,684,787	)
Common stock issued for debt		--			--			--		--		474,062			48			52,230			--			--			52,278
Common stock for service		--			--			--		--		461,425			46			154,810			--			--			154,856
Common stock for conversion of preferred shares		(200,000	)		(20	)		--		--		2,000,000			200			(180	)		--			--			--
Adjustment to preferred shares		(152,000	)		(15	)		--		--		--			--			15			--			--			--
Debt discount		--			--			--		--		--			--			73,313			--			--			73,313
Net loss		--			--			--		--		--			--			--			937,282			856			938,138
Balance, January 31, 2019		2,925,369		$	292			520,000	$	52		4,219,245		$	422		$	5,356,298		$	(8,808,527	)	$	(14,740	)	$	(3,466,202	)
Three Months Ended January 31, 2019
Balance, October 31, 2018		2,925,369			292			520,000	$	52		3,657,820		$	366		$	5,233,998		$	(9,087,651	)	$	(25,563	)	$	(3,878,506	)
Common stock issued for debt		--			--			--		--		250,000			25			12,475			--			--			12,500
Common stock issued for service		--			--			--		--		311,425			31			109,825			--			--			109,856
Net loss		--			--			--		--		--			--			--			279,124			10,823			289,947
Balance January 31, 2019		2,925,369		$	292			520,000	$	52		4,219,245		$	422		$	5,356,298		$	(8,808,527	)	$	(14,740	)	$	(3,466,203	)
Three Months Ended January 31, 2020
Balance October 31, 2019		2,925,369		$	292			520,000	$	52		6,358,025		$	636		$	5,818,331		$	(8,716,910	)	$	(143,526	)	$	(3,041,125	)
Common stock issued for debt		--			--			--		--		1,663,037			166			78,003			--			--			78,169
Common stock issued for service		--			--			--		--		220,000			22			52,978			--			--			53,000
Common stock issued for accounts payable		---			--			--		--		200,000			20			39,980			--			--			40,000
Retirement of derivative at conversion		--			--			--		--		--			--			216,437			--			--			216,437
Net income (loss)		--			--			--		--		--			--			--			(853,039	)		(6,139	)		(859,178	)
Balance January 31, 2020		2,925,369		$	292			520,000	$	52		8,441,062		$	844		$	6,205,729		$	(9,569,949	)	$	(149,665	)	$	(3,512,697	)
Nine Months Ended January 31, 2020
Balance April 30, 2019		2,925,369		$	292			520,000	$	52		5,022,244		$	502		$	5,496,972		$	(9,276,082	)	$	(129,603	)	$	(3,908,211	)
Common stock issued for service		--			--			--		--		798,200			80			166,699			--			--			166,779
Common stock issued for service cancelled		--			--			--		--		(408,333	)		(41	)		(96,476	)		--			--			(96,517	)
Common stock issued for debt conversion		--			--			--		--		2,642,860			264			182,738			--			--			183,002
Common stock for accounts payable		--			--			--		--		386,091			39			90,206			--			--			90,245
Retirement of  derivative at conversion		--			--			--		--		--			--			365,590			--			--			365,590
Net income (loss)		--			--			--		--		--			--			--			(293,867	)		(20,062	)		(313,929	)
Balance January 31, 2020		2,925,369		$	292			520,000	$	52		8,441,062		$	844		$	6,205,729		$	(9,569,949	)	$	(149,665	)	$	(3,512,697	)

See notes to condensed consolidated financial statements

5

Defense Technologies International Corp.

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months Ended January 31,
	2020			2019
Cash flows from operating activities:
Net income (loss)	$	(313,929	)	$	938,138
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Common shares issued for services		166,779			154,856
Common stock issued for service cancelled		(96,517	)		--
Amortization of debt discount to interest expense		160,790			5,266
(Gain) loss on derivative liability		(2,401,565	)		(1,814,124	)
(Gain) loss on debt extinguishment		(204,906	)		(10,000	)
Loss on note		2,117,371			13,347
Operating lease expense		28,649			--
Change in operating assets and liabilities:
Deposits		7,500			-
( Increase) decrease in inventory		(23,950	)		(2,787	)
Increase (decrease) in accounts payable		137,450			107,937
Operating lease liability		(28,649	)		--
Customer deposits		45,695			(3,000	)
Increase in payables – related parties		154,243			220,517
Net cash provided by (used in) operating activities		(251,039	)		(389,850	)
Cash Flows From Investing Activities
Purchase of fixed assets		(31,836	)		--
Net cash used in investing activities		(31,836	)		--
Cash flows from financing activities:
Repayment of  convertible notes payable		(158,000	)		(190,100	)
Proceeds from convertible notes		522,000			289,000
Proceeds from notes payable		--			300,000
Net cash provided by (used in) financing activities		364,000			389,900
Net increase (decrease) in cash		81,125			50
Cash at beginning of period		60			8
Cash at end of period	$	81,185		$	58
Supplement Disclosures
Interest Paid	$	22,600		$	--
Income tax Paid	$	--		$	--
Noncash financing and investing activities
Common stock issued for the conversion of preferred shares	$	--		$	200
Common stock issued for convertible debt	$	183,002		$	52,279
Common stock issued for accounts payable	$	90,245		$	114,226
Retirement of derivative liability on debt conversion		365,590		$	28,472
Derivative liability for day one	$	2,607,576			--
Accrued interest paid through repayment of notes	$	--		$	90,037

See notes to condensed consolidated financial statements

6

Defense Technologies International Corp.

Notes to Condensed Consolidated Financial Statements

As of January 31, 2020

(Unaudited)

NOTE -1: BASIS OF PRESENTATION AND ORGANIZATION

Defense Technologies International Corp. (the "Company ") was incorporated in the State of Delaware on May 27, 1998.  Effective June 15, 2016, the Company changed its name to Defense Technologies International Corp. from Canyon Gold Corp. to more fully represent the Company's expansion goals into the advanced technology sector.

On October 19, 2016, the Company entered into a Definitive Agreement with Controlled Capture Systems, LLC (“CCS”), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement.  Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements.  The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement. On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows (1) Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter (2) All payment will be in US dollars or stock of the Company and or its subsidiary.  The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive (3)Invoices for parts and materials will be billed separate of the license fees noted above.

Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company.  The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company.  The Company currently owns 76.28% of PSSI with 23.72% acquired by several individuals and entities.  The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI.

Basis of Presentation

These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States.  The Company’s fiscal year end is April 30.

The interim condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q.  They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements.  Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2019 included in its Annual Report on Form 10-K filed with the SEC.

The interim condensed consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of January 31, 2020, the consolidated results of its operations and its consolidated cash flows for the nine months ended January 31, 2020 and 2019  The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year.

Consolidation and Non-Controlling Interest

These consolidated financial statements include the accounts of the Company, and its majority-owned subsidiary, PSSI, from its formation on January 12, 2017 to date.  All inter-company transactions and balances have been eliminated.

7

Inventory

Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of January 31, 2020 consist of parts used in assembly of the units being sold with no work in progress or finished goods. As of January 31, 2020 and April 30, 2019 the value of the inventory was $26,737 and $2,787, respectively.

Equipment

Equipment is carried at the cost of acquisition and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance is expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Impairment of Long-Lived Assets

We continually monitor events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows.  If the total of the future cash flows is less than the carrying amount of those assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets.  Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. On April 30, 2019 the Company elected to impair its licenses agreement of $378,600 so as of January 31, 2020, no impairment of asset was necessary.

Net Income (Loss) per Common Share

Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period.  Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding.  Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method.  As of January 31, 2020, the Company had potential shares issuable under convertible preferred shares, outstanding options, warrants and convertible debt for a total of 43,441,701. With the loss in operations for the nine-month period ended January 31, 2020, the additional shares were determined to be non-dilutive.

Recent Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees is required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company has adopted the new accounting pronouncement and is recording a lease use asset and lease liability as of May 31, 2019.

8

NOTE- 2: GOING CONCERN

These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern.  Through January 31, 2020, the Company has no revenues, has accumulated deficit of $9,569,949 and a working capital deficit of $3,580,931 and expects to incur further losses in the development of its business. The Company has not yet established an ongoing source of revenue sufficient to cover operating costs, which raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.

Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2020 by issuing debt and equity securities and by the continued support of its related parties.  The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

NOTE – 3: INVESTMENTS

Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company.  The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company for 17,500 shares of PSSI valued at $378,600 for 76.28% of PSSI. The balance of PSSI was acquired by four individuals and entities.  The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI. The investment was impaired as of April 30, 2019.

NOTE -4:  RELATED PARTY TRANSACTIONS

Management and administrative services are currently compensated as per a Service Agreement between the Company and its Chief Executive Officer and Director executed on April 25, 2016 and a Service Agreement with the subsidiary PSSI executed on January 12, 2017, a Service Agreement between the Company and a Director executed on May 20, 2016, and an Administration Agreement with a related party executed on March 15, 2011 and renewed on May 1, 2017 plus the assumption of a Service Agreement with the subsidiary PSSI assumed on January 12, 2017, whereby the fee is based on services provided and invoiced by the related parties on a monthly basis and the fees are paid in cash when possible or with common stock.  The Company also, from time to time, has some of its expenses paid by related parties with the intent to repay.  These types of transactions, when incurred, result in payables to related parties in the Company’s consolidated financial statements as a necessary part of funding the Company’s operations.

As of January 31, 2020, and April 30, 2019, the Company had payable balances due to related parties totaling $904,122 and $749,879, respectively, which resulted from transactions with these related parties and other significant shareholders.

9

NOTE – 5: NOTES PAYABLE

On July 6, 2018 the Company signed an investment agreement with a third party. Under the terms of the agreement the Company received $250,000 through the Company attorney’s trust account. On July 12, 2018 the Company received the $250,000 less wire and legal payment of $10,045. In addition the note holder will receive a royalty of 5% up to $250,000 and then a royalty of 3.5% for two years thereafter. The note holder will receive 150,000 shares of the Company’s common stock plus 100,000 warrants to purchase common shares within three years at $2.50 per share.

On January 26, 2019 the Company approved a loan from Brian McLain of $275,000. The note is convertible into common stock of the Company and is non-dilutive for 2 years from date of the note. In addition the Company granted the lender 100,000 warrants convertible into common shares at $1.00 per share. As of January 31, 2020,  $25,000 of the loan was funded by the lender.

As of January 31, 2020 and April 30, 2019 the outstanding balances of notes payable  was $429,226, respectively.

NOTE – 6: CONVERTIBLE DEBT

On May 22, 2018 the Company signed an agreement with an investor for a loan of $25,000. The note is convertible 180 days after the date of the note to shares of the Company’s common stock at $0.75 per share or a 25% discount to the 10 day trading average prior to conversion; whichever is lower. The total amount of the loan must be converted on the date of conversion.  The note has an annual interest rate of 6%.

On July 10, 2018 RAB Investments AG agreed to buy the outstanding convertible debt from Jabro Funds for $35,000. The Company as part of the agreement paid Jabro Funds the $35,000 for the debt and considered it retired and paid in full.

During the nine months ended January 31, 2019, the Company issued a total of 474,062 shares of its common stock in the conversion of $52,278 in convertible notes principal, accrued interest payable and fees.

On May 6, 2019 the Company issued an 8% convertible note to Black Ice Advisors, LLC for $57,500 which matures on May 6, 2020. The note redeemable at a premium up to 140% of the face value within 180 days of issuance or is convertible after 180 days  to the Company common stock at 60% of the lowest trading price twenty days prior to conversion.

On May 10, 2019 the Company entered into a settlement agreement with Firstfire Global for payment of the original note for $189,000 issued on July 18, 2016.  Under the terms of the agreement the Company paid Firstfire $65,000 on May 10, 2019 and $10,000 to be paid on or before May 31, 2019. In addition Firstfire received 150,000 shares of the Company. On September 12, 2019 the $10,000 was converted in to 123,456 shares of common stock.

On July 11, 2019 the Company issued an 8% convertible note to GS Capital Partners, LLC for $58,000 which matures on July 11, 2020. The note redeemable at a premium up to 135% of the face value within 180 days of issuance or is convertible after 180 days  to the Company common stock at 62% of the lowest trading price twenty days prior to conversion. On January 16, 2020 the Company paid  GS Capital partners $80,620 consisting of principal of the face amount of the note of $58,000 plus $22,600 in prepayment penalty which was charged to interest.

On November 1, 2019 the Company issued a convertible note to Adar Alef, LLC for $40,700 with a $3,700 original discount.  The note matures on October 31, 2020 bearing interest at the rate of 8% per annum. The note is convertible into common stock of the Company after 180 days at the rate of 70% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 115% to135% above face value.

On November 12, 2019 the Company issued a convertible note to Platinum Point Capital, LLC for $41,250 with an original discount of $3,750.  The note matures on November 12, 2020 bearing interest at the rate of 8% per annum with a default rate of 24%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer after 90 days and within 180 days from issuance at a premium rates of 140% above face value.

On November 12, 2019 the Company issued a convertible note to Jefferson Street Capital, LLC for $41,250 with an original discount of $3,750.  The note matures on November 12, 2020 bearing interest at the rate of 8% per annum with a default rate of 24%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer after 90 days and within 180 days from issuance at a premium rates of 140% above face value.

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On December 20, 2019 the Company issued a convertible note to Lliah for $63,950 with an original discount of $8,950.  The note matures on December 19, 2020 bearing interest at the rate of 8% per annum. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 115% to 135% above face value.

On January 10, 2020 the Company issued a convertible note to Crown Bridge Partners, LLC with a principal; amount of $171,000 and a prorate original discount of $15,000.  The first tranche of the note received by the Company was a face value of $57,000 and net amount received of $50,000. Each tranche of the note matures twelve months from receipt of the tranche and  bears interest at the rate of 10% per annum with a default rate of 15%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 125% above face value.

On January 13, 2020 the Company issued an additional note to Ionic Ventures, LLC for $220,000 with an original discount of $20,000.  The note is part of a securities purchase agreement dated August 31, 2018. The note matures on June 20, 2020 bearing interest at the rate of 15% per annum. The note is convertible into common stock of the Company at $0.60 per share or  of 60% of the lowest trading price for twenty days prior to conversion, whichever is the lowest.

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

As of January 31, 2020, and April 30, 2019, the convertible debt outstanding, net of discount, was $689,454 and $959,800, respectively.

NOTE – 7:  FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES

As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1  –	Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.
Level 2   –	Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date and includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.
Level 3  –	Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

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As of January 31, 2020, the Company believes the amounts reported for cash, payables, accrued liabilities and amounts due to related parties approximate their fair values due to the nature or duration of these instruments.

The following table represents the change in the fair value of the derivative liabilities during the nine months ended January 31, 2020:

	Level 1		Level 2		Level 3
Balance at January 31, 2020	$	--	$	--	$	1,136,092

The estimated fair value of the derivative liabilities at January 31, 2020 was calculated using the Binomial Lattice pricing model with the following assumptions:

Risk-free interest rate	2.00%
Expected life in years	0.25 to 0.85
Dividend yield	0%
Expected volatility	443.00%

 NOTE – 8: EQUITY

Common Stock

During the nine months ended January 31, 2019 the Company issued 461,425 shares of common stock with a value of $154,856 for service.

During the nine month period ended January 31, 2019, the Company issued 474,062 shares of its common stock in the conversion of debt of $52,278.

On May 10, 2019 the Company issued 150,000 shares of common stock to First Fire Financial as part of a debt settlement with a value of $37,501.

On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock  for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

During the nine months ended January 31, 2020 the Company issued 386,091 shares of common stock with a value of $90,245 for accounts payable.

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During the nine month period ended January 31, 2020, the Company issued 798,200 shares of its common stock for service with a value of $166,779.

During the nine month period ended January 31, 2020, the Company cancelled 408,333 shares of its common stock for service with a value of $96,517. The shares were cancelled as they had been authorized by the Company but never issued by the transfer agent thus the Company elected to cancel the shares. The cancellation resulted in a gain on cancellation of shares of $96,517.

Preferred Stock

The Company has 20,000,000 shares of $0.0001 par value preferred stock authorized and has designated Series A and Series B preferred stock.  Each share of the Series A preferred stock is convertible into ten common shares and carries voting rights on the basis of 100 votes per share.  Each share of the Series B preferred stock is convertible into ten common shares and carries no voting rights.

 On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock  for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

As of January 31, 2020 the Company had 2,925,369 Series A and 520,000 Series B preferred share issued and outstanding.

NOTE – 9: STOCK OPTIONS

During the year ended April 30, 2019 the Company issued 250,000 warrants with a conversion price of $1.00 to one individual. The options have a three year term and are convertible into the common shares of the Company.

A summary of the Company’s stock options as of January 31, 2020, and changes during the nine months then ended is as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)		Aggregate Intrinsic Value
Outstanding at April 30, 2019		250,000	$	1.00		2.00	$	205,000
Granted		--	$	--		--		--
Exercised		--	$	--		--		--
Forfeited or expired		--	$	--		--		--
Outstanding and exercisable at January 31, 2020		250,000	$	1.00		1.25	$	182,500

NOTE – 10: WARRANTS

During the year ended April 30, 2019 the Company issued 600,000 warrants with a conversion price of $0.70 to $2.50 to four individuals. The warrants have a three and one half year term and are convertible into the common shares of the Company.

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A summary of the Company’s warrants as of January 31, 2020, and changes during the nine months then ended is as follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)		Aggregate Intrinsic Value
Outstanding at April 30, 2019		600,000	$	1.20		3.00	$	492,000
Granted		--	$	--		--		--
Exercised		--	$	--		--		--
Forfeited or expired		--	$	--		--		--
Outstanding and exercisable at January 31, 2020		600,000	$	1.20		2.25	$	558,000

NOTE – 11:  COMMITMENTS AND CONTINGENCIES

The Company has the following material commitments as of January 31, 2020:

a)   Administration Agreement with EMAC Handel’s AG, renewed effective May 1, 2017 for a period of three years. Monthly fee for administration services of $5,000, office rent of $250 and office supplies of $125.  Extraordinary expenses are invoiced by EMAC on a quarterly basis.  The fee may be paid in cash and or with common stock.

b)   Service Agreement signed April 25, 2016 with Merrill W. Moses, President, Director and CEO, for services of $7,500 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company.  The fees may be paid in cash and or with common stock.

c)   Service Agreement signed May 20, 2016 with Charles C. Hooper, Director, for services of $5,000 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company.  The fees may be paid in cash and or with common stock.

d)   Administration and Management Agreement of PSSI signed January 12, 2017 with EMAC Handel Investments AG, for general fees of $5,000 per month, office rent of $250 and telephone of $125 beginning January 2017, the issuance of 2,000 common shares of PSSI and a 12% royalty calculated on defines sales revenues payable within 10 days after the monthly sales.

e)   Service Agreement of PSSI signed January 12, 2017 with Merrill W. Moses, President, Director and CEO, for services of $2,500 per month beginning February 2017 and the issuance of 333 common shares of PSSI.

f)   Business Development and Consulting Agreement of PSSI signed January 15, 2017 with WSMG Advisors, Inc., for finder’s fees of 10% of funding raised for PSSI and the issuance of 1,000 common shares of PSSI.

On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows.

• Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter.

• All payment will be in US dollars or stock of the Company and or its subsidiary.  The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive.

• Invoices for parts and materials will be billed separate of the license fees noted above.

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NOTE 12:  LEASE

On October 16, 2018 the Company signed a three year lease for the Company’s warehouse space effective on November 1, 2018 through October 31, 2021. The lease is for approximately 4,700 square feet of warehouse space with a gross monthly rental cost including common area charges of $3,250.

The yearly rental obligations including the lease agreements are as follows:

Fiscal Year
2020	$	9,750
2021	$	39,000
2022		19,500
Total	$	68,250

Under the new standards the lease has been determined to be an operating lease with a fair value was determined to be $91,474 which is presented in the balance sheet as an asset labeled “right to use lease” offset by a liability  labeled “lease liability”. The rate was determined as a fair value of the lease over a 30 month period using a 5% interest rate for the present value calculation. During the nine months ended January 31, 2020 the asset and liability were both reduced by $28,649.

NOTE  13:  SUBSEQUENT EVENTS

The Company has evaluated subsequent events to determine events occurring after January 31, 2020 through March 12, 2020 that would have a material impact on the Company’s financial results or require disclosure and have determined none exist.

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Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

The following information should be read in conjunction with the condensed consolidated financial statements and notes thereto appearing elsewhere in this Form 10-Q.

Defense Technologies International Corp. (the "Company ") was incorporated in the State of Delaware on May 27, 1998.  Effective June 15, 2016, the Company changed its name to Defense Technologies International Corp. from Canyon Gold Corp. to more fully represent the Company's expansion goals into the advanced technology sector.

On October 19, 2016, the Company entered into a Definitive Agreement with Controlled Capture Systems, LLC (“CCS”), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement.  Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements.  The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement.

On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows (1) Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter (2) All payment will be in US dollars or stock of the Company and or its subsidiary.  The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive (3)Invoices for parts and materials will be billed separate of the license fees noted above

Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company.  The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company.  The Company owns 79.8% of PSSI with 20.2% acquired by several individuals and entities.  The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI.

Forward Looking and Cautionary Statements

This report contains forward-looking statements relating to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or similar terms, variations of such terms or the negative of such terms.  These statements are only predictions and involve known and unknown risks, uncertainties and other factors.  Although forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment, actual results could differ materially from those anticipated in such statements.  Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Results of Operations

We currently have no operating revenue for the three and nine months ended January 31, 2020. We do have customer deposits of $45,695 which will be recognized as revenue when the units are shipped to the buyers.

Our general and administrative expenses for the three and nine  months ended January 31, 2020 was $227,006 and $638,668 compared to $257,309 and $678,800 for the same period ended January 31, 2019.  The decrease was due primarily to consulting costs.

Interest expenses incurred in the three and nine  months ended January 31, 2020 was $52,139 and $102,221 compared to $30,077 and $149,313 for the three and nine months ended January 31, 2019.

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Change in derivative liability resulted in a gain of $1,577,169 and $2,401,565 for the three and nine months period ended January 31, 2020, compared to a loss of $599,132 and $1,814,124 for the same periods  ended January 31, 2019.  We estimate the fair value of the derivative for the conversion feature of our convertible notes payable using the American Binominal Lattice pricing model at the inception of the debt, at the date of conversions to equity, cash payments and at reporting date, recording a derivative liability, debt discount and a gain or loss on change in derivative liability as applicable.  These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility, and variable conversion prices based on market prices as defined in the respective loan agreements.  These inputs are subject to significant changes from period to period; therefore, the estimated fair value of the derivative liability will fluctuate from period to period and the fluctuation may be material.

Total other income and expense for the three and nine months periods ended  January 31, 2020 was expense of $632,172 and income of $324,739 compared to  other income of $547,250 and  $1,616,938 for the three and nine months period in 2019. The variance is primarily due to the change in derivative liability in the nine months  period in both 2020 and 2019 and loss on notes in the period ended January 31, 2020 versus the same period in 2019.

Net income and loss before non-controlling interest for the three and nine months ended January 31, 2020 was a net loss of $859,178 and $313,929 compared net income of $289,941 and $938,138 for the same  three and nine months periods in 2019. After adjusting for our consolidated subsidiary, net loss and net income for the three and nine months ended January 31, 2020 a net loss of $ 853,039 and $293,867 compared to a net income of $279,118 and $937,282 for the same periods in 2019, respectively.

Liquidity and Capital Resources

At January 31, 2020, we had total current assets of $110,922, and total current liabilities of $3,691,853, resulting in a working capital deficit of $3,580,931 Included in our current liabilities and working capital deficit at January 31, 2020 are derivative liabilities totaling $1,136,092 related to the conversion features of certain of our convertible notes payable, convertible notes of $689,454, net of discount, notes payable related parties of $904,122, accounts payable and accrued expense of $232,331 and notes payable of $429,226. We anticipate that in the short-term, operating funds will continue to be provided by related parties and other lenders.

As of January 31, 2020, we had total convertible notes payable of $689,454, net of discount.  Several of the note agreements require repayment through conversion of principal and interest into shares of the Company’s common stock.  We anticipate, therefore, converting these notes payable into shares of our common stock without the need for replacement financing; however, there can be no assurance that we will be successful in accomplishing this.

During the nine months ended January 31, 2020, net cash used in operating activities was $251,039 compared to cash used of $389,850 in the same period in 2019. Net cash used in 2020 consisted of net loss of $313,929 offset by gain in derivative liability of $2,401,565 with a loss on notes of $2,117,371 and increase in payables to related parties of $154,243.

During the nine months ended January 31, 2020, net cash provided by financing activities was $364,000, comprised of proceeds from notes payable of $522,000 offset by repayment of convertible notes payable of $158,000. This compares to net cash provided in the same period in 2019 of $389,900, with proceeds  from convertible notes of $289,000, increase  in notes payable of $300,000 and offset by repayment of notes totaling $190,100 in 2019.

We have had minimal  revenue and paid expenses and costs with proceeds from the issuance of securities as well as by loans from investor, stockholders and other related parties.

Our immediate goal is to provide funding for the completion of the initial production of the Offender Alert Passive Scan licensed from CCS.  The Offender Alert Passive Scan is an advanced passive scanning system for detecting and identifying concealed threats.

17

On September 6, 2018, we received funding for the production of up to 100 units at a cost of $84,500. We built 4 Passive Portal units, two of which will be used in the previously announced BETA Test at a school near Austin Tx. The units have been tested multiple times and performed with a 100% success every time. We are confident that upon the successful conclusion of the Beta Test, we will receive the first orders from  school districts that will generate initial revenues to the Company.

We believe a related party and other lenders will provide sufficient funds to carry on general operations in the near term and fund DTC’s production and sales.  We expect to raise additional funds from the sale of securities, stockholder loans and convertible debt.  However, we may not be successful in our efforts to obtain financing to carry out our business plan.

See the notes to our condensed consolidated financial statements for a discussion of recently issued accounting pronouncements that we have either implemented or that may have a material future impact on our financial position or results of operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Item 3.   Quantitative and Qualitative Disclosures About Market Risk.

This item is not required for a smaller reporting company.

Item 4.   Controls and Procedures.

Evaluation of Disclosure Controls and Procedures.  As of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our management including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) (“Exchange Act”).  Based on this evaluation, the principal executive officer and principal financial officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective in ensuring that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in applicable rules and forms and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, in a manner that allows timely decisions regarding required disclosures.

We operate with a limited number of accounting and financial personnel.  Although we retain the services of an experienced certified public accountant, we have been unable to implement proper segregation of duties over certain accounting and financial reporting processes, including timely and proper documentation of material transactions and agreements.  We believe these control deficiencies represent material weaknesses in internal control over financial reporting.

Despite the material weaknesses in financial reporting noted above, we believe that our consolidated financial statements included in this report fairly present our financial position, results of operations and cash flows as of and for the periods presented in all material respects.

Changes in Internal Control over Financial Reporting.  There was no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) during our most recently completed fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1.   Legal Proceedings

There are no material pending legal proceedings to which we are a party or to which any of our property is subject and, to the best of our knowledge, no such actions against us are contemplated or threatened.

Item 1A.   Risk Factors

This item is not required for a smaller reporting company.

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

During the nine months ended January 31, 2020 the Company issued 386,091 shares of common stock with a value of $90,245 for accounts payable.

During the nine month period ended January 31, 2020, the Company issued 798,200 shares of its common stock for service with a value of $166,779.

During the nine month period ended January 31, 2020, the Company cancelled 408,333 shares of its common stock for service with a value of $96,517. The shares were cancelled as they had been authorized by the Company but never issued by the transfer agent thus the Company elected to cancel the shares. The cancellation resulted in a gain on cancellation of shares of $96,517.

The issuances of the Company’s common stock set forth above were in private transactions to a persons familiar with the Company’s business, pursuant to an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933.

Item 3.   Defaults Upon Senior Securities

This item is not applicable.

Item 4.   Mine Safety Disclosure

This item is not applicable.

Item 5.   Other Information

Not applicable

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Item 6.   Exhibits

The following exhibits are filed as part of this report:

Exhibit No.	Description of Exhibit
31.1	Section 302 Certification of Chief Executive Officer and Chief Financial Officer
32.1	Section 1350 Certification of Chief Executive Officer and Chief Financial Officer
101 INS*	XBRL Instance Document
101SCH*	XBRL Taxonomy Extension Schema
101 CAL*	XBRL Taxonomy Extension Calculation Linkbase
101 DEF*	XBRL Taxonomy Extension Definition Linkbase
101 LAB*	XBRL Taxonomy Extension Label Linkbase
101 PRE*	XBRL Taxonomy Extension Presentation Linkbase

* The XBRL related information in Exhibit 101 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and shall not be incorporated by reference into any filing or other document pursuant to the Securities Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DEFENSE TECHNOLOGIES INTERNATIONAL CORP.
Date: March 12, 2020	By: /s/ Merrill W. Moses
	Merrill W. Moses
	Chief Executive Officer
	Acting Chief Financial Officer

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EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Merrill W. Moses, certify that:

1.I have reviewed this quarterly report on Form 10-Q of DEFENSE TECHNOLGIES INTERNATIONAL CORP.

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and

procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 12, 2020

/s/ Merrill W. Moses

Merrill W. Moses

Chief Executive Officer

Acting Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DEFENSE TECHNOLGIES INTERNATIONAL CORP. (the “Company”) on Form 10-Q for the period ending January 31, 2020, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Merrill W. Moses, Chief Executive Officer and Acting Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Merrill W. Moses

Merrill W. Moses

Chief Executive Officer

Acting Chief Financial Officer

March 12, 2020

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request. The foregoing certifications are accompanying the Company's Form 10-Q solely pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code) and is not being filed as part of the Form 10-Q or as a separate disclosure document.

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11. Contingencies and Commitments (Details)	9 Months Ended
	Jan. 31, 2020 USD ($)
EMAC Handels Ag
Monthly fee for administration services	$ 5,000
Monthly fee for Office Rent	250
Monthly fee for Office Supplies	125
Merrill W Moses
Monthly fee for administration services	2,500
Monthly Director's fee per Service Agreement	7,500
Charles C Hooper
Monthly fee for administration services	5,000
RAB Investments
Monthly fee for administration services	5,000
Monthly fee for Office Rent	250
Monthly fee for telephone	$ 125

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7. Fair Value Measurements and Derivative Liabilities: Schedule of Assumptions Used (Details)	9 Months Ended
	Jan. 31, 2020
Fair Value Assumptions, Risk Free Interest Rate	0.0200
Fair Value Assumptions, Expected Dividend Rate	0.0000
Fair Value Assumptions, Expected Volatility Rate	4.4300
Minimum
Fair Value Assumptions, Expected Term	3 months
Maximum
Fair Value Assumptions, Expected Term	10 months 6 days

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1. Nature of Operations and Continuation of Business: Equipment (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Equipment

Equipment

Equipment is carried at the cost of acquisition and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance is expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.

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1. Nature of Operations and Continuation of Business: Recent Accounting Pronouncements (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees is required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company has adopted the new accounting pronouncement and is recording a lease use asset and lease liability as of May 31, 2019.

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2. Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended		139 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020
Details
Net income (loss) attributed to the Company	$ 853,039	$ (279,118)	$ 293,867	$ (937,282)	$ 9,569,949
Working capital deficit	$ 3,580,931		$ 3,580,931		$ 3,580,931

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1. Nature of Operations and Continuation of Business (Details)	9 Months Ended
	Jan. 31, 2020
Details
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	May 27, 1998

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12. Lease

9 Months Ended

Jan. 31, 2020

Notes

12. Lease

NOTE 12:  LEASE

On October 16, 2018 the Company signed a three year lease for the Company’s warehouse space effective on November 1, 2018 through October 31, 2021. The lease is for approximately 4,700 square feet of warehouse space with a gross monthly rental cost including common area charges of $3,250.

The yearly rental obligations including the lease agreements are as follows:

Fiscal Year
2020	$	9,750
2021	$	39,000
2022		19,500
Total	$	68,250

Under the new standards the lease has been determined to be an operating lease with a fair value was determined to be $91,474 which is presented in the balance sheet as an asset labeled “right to use lease” offset by a liability  labeled “lease liability”. The rate was determined as a fair value of the lease over a 30 month period using a 5% interest rate for the present value calculation. During the nine months ended January 31, 2020 the asset and liability were both reduced by $28,649.

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1. Nature of Operations and Continuation of Business

9 Months Ended

Jan. 31, 2020

Notes

1. Nature of Operations and Continuation of Business

NOTE -1: BASIS OF PRESENTATION AND ORGANIZATION

Defense Technologies International Corp. (the "Company ") was incorporated in the State of Delaware on May 27, 1998.  Effective June 15, 2016, the Company changed its name to Defense Technologies International Corp. from Canyon Gold Corp. to more fully represent the Company's expansion goals into the advanced technology sector.

On October 19, 2016, the Company entered into a Definitive Agreement with Controlled Capture Systems, LLC (“CCS”), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement.  Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements.  The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement. On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows (1) Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter (2) All payment will be in US dollars or stock of the Company and or its subsidiary.  The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive (3)Invoices for parts and materials will be billed separate of the license fees noted above.

Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company.  The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company.  The Company currently owns 76.28% of PSSI with 23.72% acquired by several individuals and entities.  The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI.

Basis of Presentation

These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States.  The Company’s fiscal year end is April 30.

The interim condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2019 included in its Annual Report on Form 10-K filed with the SEC.

The interim condensed consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of January 31, 2020, the consolidated results of its operations and its consolidated cash flows for the nine months ended January 31, 2020 and 2019 The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year.

Consolidation and Non-Controlling Interest

These consolidated financial statements include the accounts of the Company, and its majority-owned subsidiary, PSSI, from its formation on January 12, 2017 to date.  All inter-company transactions and balances have been eliminated.

Inventory

Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of January 31, 2020 consist of parts used in assembly of the units being sold with no work in progress or finished goods. As of January 31, 2020 and April 30, 2019 the value of the inventory was $26,737 and $2,787, respectively.

Equipment

Equipment is carried at the cost of acquisition and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance is expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of our property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Impairment of Long-Lived Assets

We continually monitor events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. On April 30, 2019 the Company elected to impair its licenses agreement of $378,600 so as of January 31, 2020, no impairment of asset was necessary.

Net Income (Loss) per Common Share

Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of January 31, 2020, the Company had potential shares issuable under convertible preferred shares, outstanding options, warrants and convertible debt for a total of 43,441,701. With the loss in operations for the nine-month period ended January 31, 2020, the additional shares were determined to be non-dilutive.

Recent Accounting Pronouncements

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees is required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company has adopted the new accounting pronouncement and is recording a lease use asset and lease liability as of May 31, 2019.

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4. Related Party Transactions

9 Months Ended

Jan. 31, 2020

Notes

4. Related Party Transactions

NOTE -4: RELATED PARTY TRANSACTIONS

Management and administrative services are currently compensated as per a Service Agreement between the Company and its Chief Executive Officer and Director executed on April 25, 2016 and a Service Agreement with the subsidiary PSSI executed on January 12, 2017, a Service Agreement between the Company and a Director executed on May 20, 2016, and an Administration Agreement with a related party executed on March 15, 2011 and renewed on May 1, 2017 plus the assumption of a Service Agreement with the subsidiary PSSI assumed on January 12, 2017, whereby the fee is based on services provided and invoiced by the related parties on a monthly basis and the fees are paid in cash when possible or with common stock.  The Company also, from time to time, has some of its expenses paid by related parties with the intent to repay.  These types of transactions, when incurred, result in payables to related parties in the Company’s consolidated financial statements as a necessary part of funding the Company’s operations.

As of January 31, 2020, and April 30, 2019, the Company had payable balances due to related parties totaling $904,122 and $749,879, respectively, which resulted from transactions with these related parties and other significant shareholders.

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8. Equity

9 Months Ended

Jan. 31, 2020

Notes

8. Equity

NOTE – 8: EQUITY

Common Stock

During the nine months ended January 31, 2019 the Company issued 461,425 shares of common stock with a value of $154,856 for service.

During the nine month period ended January 31, 2019, the Company issued 474,062 shares of its common stock in the conversion of debt of $52,278.

On May 10, 2019 the Company issued 150,000 shares of common stock to First Fire Financial as part of a debt settlement with a value of $37,501.

On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

During the nine months ended January 31, 2020 the Company issued 386,091 shares of common stock with a value of $90,245 for accounts payable.

During the nine month period ended January 31, 2020, the Company issued 798,200 shares of its common stock for service with a value of $166,779.

During the nine month period ended January 31, 2020, the Company cancelled 408,333 shares of its common stock for service with a value of $96,517. The shares were cancelled as they had been authorized by the Company but never issued by the transfer agent thus the Company elected to cancel the shares. The cancellation resulted in a gain on cancellation of shares of $96,517.

Preferred Stock

The Company has 20,000,000 shares of $0.0001 par value preferred stock authorized and has designated Series A and Series B preferred stock.  Each share of the Series A preferred stock is convertible into ten common shares and carries voting rights on the basis of 100 votes per share.  Each share of the Series B preferred stock is convertible into ten common shares and carries no voting rights.

On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

As of January 31, 2020 the Company had 2,925,369 Series A and 520,000 Series B preferred share issued and outstanding.

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Condensed Consolidated Balance Sheets - Parenthetical - $ / shares	Jan. 31, 2020	Apr. 30, 2019
Preferred Stock, Par or Stated Value Per Share	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	8,441,062	5,022,244
Common Stock, Shares, Outstanding	8,441,062	5,022,244
Series A Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	2,925,369	2,925,369
Preferred Stock, Shares Outstanding	2,925,369	2,925,369
Series B Preferred Stock
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	520,000	520,000
Preferred Stock, Shares Outstanding	520,000	520,000

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1. Nature of Operations and Continuation of Business: Net Income (Loss) Per Common Share (Details)	9 Months Ended
	Jan. 31, 2020 shares
Details
Potential shares issuable under outstanding options, warrants and convertible debt	43,441,701

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12. Lease: Schedule of Future Minimum Lease Payments for Capital Leases (Tables)

9 Months Ended

Jan. 31, 2020

Tables/Schedules

Schedule of Future Minimum Lease Payments for Capital Leases

Fiscal Year
2020	$	9,750
2021	$	39,000
2022		19,500
Total	$	68,250

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Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net income (loss) before non-controlling interest	$ (313,929)	$ 938,138
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Common shares issued for services	166,779	154,856
Common stock issued for service cancelled	(96,517)	0
Amortization of debt discount to interest expense	160,790	5,266
(Gain) loss on derivative liability	(2,401,565)	(1,814,124)
(Gain) loss on debt extinguishment	(204,906)	(10,000)
Loss on note	2,117,371	13,347
Operating lease expense	28,649	0
Change in operating assets and liabilities:
Deposits	7,500	0
( Increase) decrease in inventory	(23,950)	(2,787)
Increase (decrease) in accounts payable	137,450	107,937
Operating lease liability	(28,649)	0
Customer deposits	45,695	(3,000)
Increase in payables - related parties	154,243	220,517
Net cash provided by (used in) operating activities	(251,039)	(389,850)
Net Cash Provided by (Used in) Investing Activities
Purchase of fixed assets	(31,836)	0
Net Cash Provided by (Used in) Investing Activities	(31,836)	0
Net Cash Provided by (Used in) Financing Activities
Repayment of convertible notes payable	(158,000)	(190,100)
Proceeds from convertible notes	522,000	289,000
Proceeds from notes payable	0	300,000
Net Cash Provided by (Used in) Financing Activities	364,000	389,900
Net increase (decrease) in cash	81,125	50
Cash at beginning of period	60	8
Cash at end of period	81,185	58
Supplemental Cash Flow Information
Interest Paid	22,600	0
Income tax Paid	0	0
Noncash financing and investing activities
Common stock issued for convertible debt	183,002	52,279
Common stock issued for accounts payable	90,245	114,226
Retirement of derivative at conversion	365,590	28,472
Derivative liability for day one	2,607,576	0
Accrued interest paid through repayment of notes	0	90,037
Common stock issued for the conversion of preferred shares	$ 0	$ 200

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5. Notes Payable

9 Months Ended

Jan. 31, 2020

Notes

5. Notes Payable

NOTE – 5: NOTES PAYABLE

On July 6, 2018 the Company signed an investment agreement with a third party. Under the terms of the agreement the Company received $250,000 through the Company attorney’s trust account. On July 12, 2018 the Company received the $250,000 less wire and legal payment of $10,045. In addition the note holder will receive a royalty of 5% up to $250,000 and then a royalty of 3.5% for two years thereafter. The note holder will receive 150,000 shares of the Company’s common stock plus 100,000 warrants to purchase common shares within three years at $2.50 per share.

On January 26, 2019 the Company approved a loan from Brian McLain of $275,000. The note is convertible into common stock of the Company and is non-dilutive for 2 years from date of the note. In addition the Company granted the lender 100,000 warrants convertible into common shares at $1.00 per share. As of January 31, 2020,  $25,000 of the loan was funded by the lender.

As of January 31, 2020 and April 30, 2019 the outstanding balances of notes payable  was $429,226, respectively.

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NOTE - 9: STOCK OPTIONS

9 Months Ended

Jan. 31, 2020

Notes

NOTE - 9: STOCK OPTIONS

NOTE – 9: STOCK OPTIONS

During the year ended April 30, 2019 the Company issued 250,000 warrants with a conversion price of $1.00 to one individual. The options have a three year term and are convertible into the common shares of the Company.

A summary of the Company’s stock options as of January 31, 2020, and changes during the nine months then ended is as follows:

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)	Aggregate Intrinsic Value
Outstanding at April 30, 2019	250,000	$	1.00	2.00	$  205,000
Granted	--	$	--	--	--
Exercised	--	$	--	--	--
Forfeited or expired	--	$	--	--	--
Outstanding and exercisableat January 31, 2020	250,000	$	1.00	1.25	$ 182,500

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Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Cash	$ 81,185	$ 60
Inventory	26,737	2,787
Prepaid	3,000	10,500
Total current assets	110,922	13,347
Fixed assets	31,836	0
Right of use lease	62,825	0
Total assets	205,583	13,347
Current liabilities:
Accounts payable and accrued expense	232,330	283,489
Accrued licenses agreement payable	73,800	36,300
Accrued interest and fees payable	144,736	209,981
Convertible notes payable, net of discount	689,454	959,800
Derivative liabilities	1,136,092	1,252,539
Payables - related parties	904,122	749,879
Customer deposits	45,695	0
Lease liability- current portion	36,398	0
Notes payable	429,226	429,226
Total current liabilities	3,691,853	3,921,214
Total liabilities	3,718,280	3,921,214
Long term liabilities
Lease liability - noncurrent	26,427	0
Commitments and Contingencies	0	0
Stockholders' deficit:
Common shares	844	502
Additional paid-in capital	6,205,729	5,496,972
Accumulated deficit	(9,569,949)	(9,276,082)
Total	(3,363,032)	(3,778,608)
Non-controlling interest	(149,665)	(129,603)
Total stockholders' deficit	(3,512,697)	(3,908,211)
Total liabilities and stockholders' deficit	205,583	13,347
Series A Preferred Stock
Stockholders' deficit:
Preferred shares	292	292
Series B Preferred Stock
Stockholders' deficit:
Preferred shares	$ 52	$ 52

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13. Subsequent Events

9 Months Ended

Jan. 31, 2020

Notes

13. Subsequent Events

NOTE  13:  SUBSEQUENT EVENTS

The Company has evaluated subsequent events to determine events occurring after January 31, 2020 through March 12, 2020 that would have a material impact on the Company’s financial results or require disclosure and have determined none exist.

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NOTE - 10: WARRANTS: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - Warrants	9 Months Ended
	Jan. 31, 2020 USD ($) $ / shares shares	Apr. 30, 2019 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	600,000	600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 1.20
Share Based Compensation Arrangement By Share Based Payment Award, Weighted Average Remaining Contract Term (Years)	2.25	3.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 558,000	$ 492,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $	$ 0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.20

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7. Fair Value Measurements and Derivative Liabilities: Schedule of Derivative Liability Related to the Conversion Feature (Details)	Jan. 31, 2020 USD ($)
Fair Value, Inputs, Level 3
Derivative Liability	$ 1,136,092

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1. Nature of Operations and Continuation of Business: Use of Estimates (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

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7. Fair Value Measurements and Derivative Liabilities: Fair Value of Financial Instruments, Policy (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Fair Value of Financial Instruments, Policy

As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1    – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.  

Level 2     - Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date and includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. 

Level 3     – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. 

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Condensed Consolidated Statement of Operations - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Expenses:
General and administrative	$ 227,006	$ 257,309	$ 638,668	$ 678,800
Total operating expenses	227,006	257,309	638,668	678,000
Loss from operations	(227,006)	(257,309)	(638,668)	(678,000)
Other income (expense):
Interest expense	(52,139)	(30,077)	(102,221)	(149,313)
Gain (loss) on derivative liability	1,577,169	599,132	2,401,565	1,814,124
Gain (loss) on extinguishment of debt	0	0	204,906	(10,000)
Gain (loss) on cancellation of stock	0	0	96,517	0
Gain (loss) on shares issued for service	11,338	0	11,338	0
Finance costs	1,482	0	(9,206)	0
Interest- note discount	(116,874)	(21,805)	(160,790)	(30,277)
Gain (loss) on notes	(2,053,148)	0	(2,117,371)	(7,596)
Total other income (expense)	(632,172)	547,250	324,739	1,616,938
Income (loss) before income taxes	(859,178)	289,941	(313,929)	938,138
Provision for income taxes	0	0	0	0
Net income (loss) before non-controlling interest	(859,178)	289,941	(313,929)	938,138
Non- controlling interest in net loss of the consolidated subsidiary	(6,139)	(10,823)	(20,062)	(856)
Net income (loss) attributed to the Company	$ (853,039)	$ 279,118	$ (293,867)	$ 937,282
Net income (loss) per common share:
Basic net income (loss) per common share	$ (0.11)	$ 0.07	$ (0.05)	$ 0.37
Diluted net income (loss) per common share	$ (0.11)	$ 0.05	$ (0.05)	$ 0.22
Weighted average common shares outstanding:
Basic weighted average common shares outstanding	7,602,724	4,027,687	6,239,867	2,514,927
Diluted weighted average common shares outstanding	7,602,724	5,840,922	6,239,867	4,328,162

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7. Fair Value Measurements and Derivative Liabilities

9 Months Ended

Jan. 31, 2020

Notes

7. Fair Value Measurements and Derivative Liabilities

NOTE – 7:  FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES

As defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy are as follows:

Level 1    – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.  

Level 2     - Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date and includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. 

Level 3     – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. 

As of January 31, 2020, the Company believes the amounts reported for cash, payables, accrued liabilities and amounts due to related parties approximate their fair values due to the nature or duration of these instruments.  

The following table represents the change in the fair value of the derivative liabilities during the nine months ended January 31, 2020:

	Level 1	Level 2	Level 3
Balance at January 31, 2020	$       --	$       --	$  1,136,092

The estimated fair value of the derivative liabilities at January 31, 2020 was calculated using the Binomial Lattice pricing model with the following assumptions:

Risk-free interest rate	2.00%
Expected life in years	0.25 to 0.85
Dividend yield	0%
Expected volatility	443.00%

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11. Contingencies and Commitments

9 Months Ended

Jan. 31, 2020

Notes

11. Contingencies and Commitments

NOTE – 11:  COMMITMENTS AND CONTINGENCIES

The Company has the following material commitments as of January 31, 2020:

a)   Administration Agreement with EMAC Handel’s AG, renewed effective May 1, 2017 for a period of three years. Monthly fee for administration services of $5,000, office rent of $250 and office supplies of $125.  Extraordinary expenses are invoiced by EMAC on a quarterly basis.  The fee may be paid in cash and or with common stock.

b)   Service Agreement signed April 25, 2016 with Merrill W. Moses, President, Director and CEO, for services of $7,500 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company.  The fees may be paid in cash and or with common stock.

c)   Service Agreement signed May 20, 2016 with Charles C. Hooper, Director, for services of $5,000 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company.  The fees may be paid in cash and or with common stock.

d)   Administration and Management Agreement of PSSI signed January 12, 2017 with EMAC Handel Investments AG, for general fees of $5,000 per month, office rent of $250 and telephone of $125 beginning January 2017, the issuance of 2,000 common shares of PSSI and a 12% royalty calculated on defines sales revenues payable within 10 days after the monthly sales.

e)   Service Agreement of PSSI signed January 12, 2017 with Merrill W. Moses, President, Director and CEO, for services of $2,500 per month beginning February 2017 and the issuance of 333 common shares of PSSI.  

f)   Business Development and Consulting Agreement of PSSI signed January 15, 2017 with WSMG Advisors, Inc., for finder’s fees of 10% of funding raised for PSSI and the issuance of 1,000 common shares of PSSI.  

On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows.

·Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter. 

·All payment will be in US dollars or stock of the Company and or its subsidiary.  The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive. 

·Invoices for parts and materials will be billed separate of the license fees noted above. 

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2. Going Concern

9 Months Ended

Jan. 31, 2020

Notes

2. Going Concern

NOTE- 2: GOING CONCERN

These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern.  Through January 31, 2020, the Company has no revenues, has accumulated deficit of $9,569,949 and a working capital deficit of $3,580,931 and expects to incur further losses in the development of its business. The Company has not yet established an ongoing source of revenue sufficient to cover operating costs, which raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty.

Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2020 by issuing debt and equity securities and by the continued support of its related parties.  The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.  

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1. Nature of Operations and Continuation of Business: Inventory (Details) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Details
Inventory	$ 26,737	$ 2,787

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NOTE - 9: STOCK OPTIONS: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Tables)

9 Months Ended

Jan. 31, 2020

Stock Options

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)	Aggregate Intrinsic Value
Outstanding at April 30, 2019	250,000	$	1.00	2.00	$  205,000
Granted	--	$	--	--	--
Exercised	--	$	--	--	--
Forfeited or expired	--	$	--	--	--
Outstanding and exercisableat January 31, 2020	250,000	$	1.00	1.25	$ 182,500

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3. Investments (Details)	Jan. 31, 2020 USD ($)
Details
Investments	$ 378,600

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8. Equity (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Common Stock Issued for Service Cancelled, Shares			408,333
Common stock issued for service cancelled			$ (96,517)	$ 0
Gain (loss) on cancellation of stock	$ 0	$ 0	$ 96,517	$ 0
Preferred Stock, Shares Authorized	20,000,000		20,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001
Series A Preferred Stock
Preferred Stock, Shares Authorized	20,000,000		20,000,000		20,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Issued	2,925,369		2,925,369		2,925,369
Preferred Stock, Shares Outstanding	2,925,369		2,925,369		2,925,369
Series B Preferred Stock
Preferred Stock, Shares Authorized	20,000,000		20,000,000		20,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Issued	520,000		520,000		520,000
Preferred Stock, Shares Outstanding	520,000		520,000		520,000
Common Stock Issuance 1
Stock Issued During Period, Shares, New Issues				461,425
Stock Issued During Period, Value, New Issues				$ 154,856
Common Stock Issuance 2
Stock Issued During Period, Shares, New Issues				474,062
Stock Issued During Period, Value, New Issues				$ 52,278
Common Stock Issuance 3
Stock Issued During Period, Shares, New Issues			150,000
Stock Issued During Period, Value, New Issues			$ 37,501
Common Stock Issuance 4
Stock Issued During Period, Shares, New Issues			2,831,350
Stock Issued During Period, Value, New Issues			$ 28
Common Stock Issuance 5
Stock Issued During Period, Shares, New Issues			2,642,860
Stock Issued During Period, Value, New Issues			$ 183,002
Common Stock Issuance 6
Stock Issued During Period, Shares, New Issues			386,091
Stock Issued During Period, Value, New Issues			$ 90,245
Common Stock Issuance 7
Stock Issued During Period, Shares, New Issues			798,200
Stock Issued During Period, Value, New Issues			$ 166,779
Common Stock Issuance 8
Stock Issued During Period, Shares, New Issues			2,831,350

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5. Notes Payable (Details) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Notes payable	$ 429,226	$ 429,226
July 6, 2018 Note Payable
Notes payable		$ 250,000
January 26, 2019 Note Payable
Notes payable	$ 275,000

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12. Lease (Details) - USD ($)	9 Months Ended
	Jan. 31, 2020	Apr. 30, 2019
Operating Lease Monthly Rental Obligation	$ 3,250
Right of use lease	62,825	$ 0
Fair Value of Operating Lease
Right of use lease	91,474
Lease Liability
Right of use lease	$ 28,649

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7. Fair Value Measurements and Derivative Liabilities: Schedule of Assumptions Used (Tables)

9 Months Ended

Jan. 31, 2020

Tables/Schedules

Schedule of Assumptions Used

Risk-free interest rate	2.00%
Expected life in years	0.25 to 0.85
Dividend yield	0%
Expected volatility	443.00%

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1. Nature of Operations and Continuation of Business: Inventory (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Inventory

Inventory

Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of January 31, 2020 consist of parts used in assembly of the units being sold with no work in progress or finished goods. As of January 31, 2020 and April 30, 2019 the value of the inventory was $26,737 and $2,787, respectively.

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1. Nature of Operations and Continuation of Business: Net Income (Loss) Per Common Share (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Net Income (Loss) Per Common Share

Net Income (Loss) per Common Share

Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of January 31, 2020, the Company had potential shares issuable under convertible preferred shares, outstanding options, warrants and convertible debt for a total of 43,441,701. With the loss in operations for the nine-month period ended January 31, 2020, the additional shares were determined to be non-dilutive.

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12. Lease: Schedule of Future Minimum Lease Payments for Capital Leases (Details)	Jan. 31, 2020 USD ($)
Details
Operating Leases, Future Minimum Payments, Next Rolling Twelve Months	$ 9,750
Operating Leases, Future Minimum Payments, Due in Two Years	39,000
Operating Leases, Future Minimum Payments, Due in Three Years	19,500
Operating Leases, Future Minimum Payments Due	$ 68,250

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NOTE - 9: STOCK OPTIONS: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - Stock Options	9 Months Ended
	Jan. 31, 2020 USD ($) $ / shares shares	Apr. 30, 2019 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares		250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 1.00
Share Based Compensation Arrangement By Share Based Payment Award, Weighted Average Remaining Contract Term (Years)	1.25	2.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 182,500	$ 205,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $	$ 0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.00

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6. Convertible Debt (Details) - USD ($)	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Convertible notes payable, net of discount	$ 689,454		$ 959,800
Stock Issued During Period, Shares, Conversion of Convertible Securities	2,642,860
Common stock issued for convertible debt	$ 183,002	$ 52,279
Convertible Note Payable 1
Debt Conversion, Converted Instrument, Type	agreement with an investor
Convertible notes payable, net of discount			25,000
Convertible Note Payable 2
Debt Conversion, Converted Instrument, Type	convertible debt from Jabro Funds
Convertible notes payable, net of discount			35,000
Convertible Note Payable 3
Debt Conversion, Converted Instrument, Type	convertible notes principal
Convertible notes payable, net of discount			52,278
Convertible Note Payable 4
Debt Conversion, Converted Instrument, Type	8% convertible note to Black Ice Advisors, LLC
Convertible notes payable, net of discount			57,500
Convertible Note Payable 5
Debt Conversion, Converted Instrument, Type	settlement agreement with Firstfire Global
Convertible notes payable, net of discount			189,000
Convertible Note Payable 6
Debt Conversion, Converted Instrument, Type	8% convertible note to GS Capital Partners, LLC
Convertible notes payable, net of discount			58,000
Convertible Note Payable 7
Debt Conversion, Converted Instrument, Type	convertible note to Adar Alef, LLC
Convertible notes payable, net of discount			40,700
Convertible Note Payable 8
Debt Conversion, Converted Instrument, Type	convertible note to Platinum Point Capital, LLC
Convertible notes payable, net of discount			41,250
Convertible Note Payable 9
Debt Conversion, Converted Instrument, Type	convertible note to Jefferson Street Capital, LLC
Convertible notes payable, net of discount			41,250
Convertible Note Payable 10
Debt Conversion, Converted Instrument, Type	convertible note to Lliah
Convertible notes payable, net of discount			63,950
Convertible Note Payable 11
Debt Conversion, Converted Instrument, Type	convertible note to Crown Bridge Partners, LLC
Convertible notes payable, net of discount			171,000
Convertible Note Payable 12
Debt Conversion, Converted Instrument, Type	additional note to Ionic Ventures, LLC
Convertible notes payable, net of discount			$ 220,000

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1. Nature of Operations and Continuation of Business: Consolidation and Non-Controlling Interest (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Consolidation and Non-Controlling Interest

Consolidation and Non-Controlling Interest

These consolidated financial statements include the accounts of the Company, and its majority-owned subsidiary, PSSI, from its formation on January 12, 2017 to date.  All inter-company transactions and balances have been eliminated.

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1. Nature of Operations and Continuation of Business: Impairment of Long-lived Assets (Policies)

9 Months Ended

Jan. 31, 2020

Policies

Impairment of Long-lived Assets

Impairment of Long-Lived Assets

We continually monitor events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. On April 30, 2019 the Company elected to impair its licenses agreement of $378,600 so as of January 31, 2020, no impairment of asset was necessary.

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7. Fair Value Measurements and Derivative Liabilities: Schedule of Derivative Liability Related to the Conversion Feature (Tables)

9 Months Ended

Jan. 31, 2020

Tables/Schedules

Schedule of Derivative Liability Related to the Conversion Feature

	Level 1	Level 2	Level 3
Balance at January 31, 2020	$       --	$       --	$  1,136,092

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3. Investments

9 Months Ended

Jan. 31, 2020

Notes

3. Investments

NOTE – 3: INVESTMENTS

Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company.  The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company for 17,500 shares of PSSI valued at $378,600 for 76.28% of PSSI. The balance of PSSI was acquired by four individuals and entities.  The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI. The investment was impaired as of April 30, 2019.

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Consolidated Statements of Shareholders' Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Noncontrolling Interest	Total	Preferred Class A	Preferred Class B
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Apr. 30, 2018	$ 128	$ 5,076,110	$ (9,745,809)	$ (15,596)	$ (4,684,787)	$ 327	$ 52
Shares, Outstanding, Beginning Balance at Apr. 30, 2018	1,283,758					3,277,369	520,000
Common stock issued for preferred shares, Value	$ 200	(180)	0	0	0	$ (20)	$ 0
Common stock issued for preferred shares, Shares	2,000,000					(200,000)
Common stock issued for services	$ 46	154,810	0	0	154,856	$ 0	0
Stock Issued During Period, Shares, Issued for Services	461,425
Common stock issued for service cancelled					0
Debt Conversion, Converted Instrument, Amount	$ 48	52,230	0	0	52,278	0	0
Debt Conversion, Converted Instrument, Shares Issued	474,062
Debt Discount	$ 0	73,313	0	0	73,313	0	0
Adjustment to preferred shares, Value	0	15	0	0	0	$ (15)	0
Adjustment to preferred shares, Shares						(152,000)
Common stock issued for accounts payable					114,226
Retirement of derivative at conversion					28,472
Net income (loss) before non-controlling interest	0	0	937,282	856	938,138	$ 0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jan. 31, 2019	$ 422	5,356,298	(8,808,527)	(14,740)	(3,466,203)	$ 292	$ 52
Shares, Outstanding, Ending Balance at Jan. 31, 2019	4,219,245					2,925,369	520,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Oct. 31, 2018	$ 366	5,233,998	(9,087,651)	(25,563)	(3,878,506)	$ 292	$ 52
Shares, Outstanding, Beginning Balance at Oct. 31, 2018	3,657,820					2,925,369	520,000
Common stock issued for preferred shares, Value	$ 31	109,825	0	0	109,856	$ 0	$ 0
Common stock issued for preferred shares, Shares	311,425					0
Debt Conversion, Converted Instrument, Amount	$ 25	12,475	0	0	12,500	$ 0	0
Debt Conversion, Converted Instrument, Shares Issued	250,000
Net income (loss) before non-controlling interest	$ 0	0	279,124	10,823	289,941	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jan. 31, 2019	$ 422	5,356,298	(8,808,527)	(14,740)	(3,466,203)	$ 292	$ 52
Shares, Outstanding, Ending Balance at Jan. 31, 2019	4,219,245					2,925,369	520,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Apr. 30, 2019	$ 502	5,496,972	(9,276,082)	(129,603)	(3,908,211)	$ 292	$ 52
Shares, Outstanding, Beginning Balance at Apr. 30, 2019	5,022,244					2,925,369	520,000
Common stock issued for conversion of debt, Value	$ 264	182,738	0	0	183,002	$ 0	$ 0
Common stock issued for conversion of debt, Shares	2,642,860
Common stock issued for services	$ 80	166,699	0	0	166,779	0	0
Stock Issued During Period, Shares, Issued for Services	798,200
Common stock issued for service cancelled	$ (41)	(96,476)	0	0	$ (96,517)	0	0
Common Stock Issued for Service Cancelled, Shares	(408,333)				408,333
Common stock issued for accounts payable	$ 39	90,206	0	0	$ 90,245	0	0
Common stock issued for accounts payable, Shares	386,091
Retirement of derivative at conversion	$ 0	365,590	0	0	365,590	0	0
Net income (loss) before non-controlling interest	0	0	(293,867)	(20,062)	(313,929)	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jan. 31, 2020	$ 844	6,205,729	(9,569,949)	(149,665)	(3,512,697)	$ 292	$ 52
Shares, Outstanding, Ending Balance at Jan. 31, 2020	8,441,062					2,925,369	520,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Oct. 31, 2019	$ 636	5,818,331	(8,716,910)	(143,526)	(3,041,125)	$ 292	$ 52
Shares, Outstanding, Beginning Balance at Oct. 31, 2019	6,358,025					2,925,369	520,000
Common stock issued for services	$ 22	52,978	0	0	53,000	$ 0	$ 0
Stock Issued During Period, Shares, Issued for Services	220,000
Debt Conversion, Converted Instrument, Amount	$ 166	78,003	0	0	78,169	0	0
Debt Conversion, Converted Instrument, Shares Issued	1,663,037
Common stock issued for accounts payable	$ 20	39,980	0	0	40,000	0	0
Common stock issued for accounts payable, Shares	200,000
Retirement of derivative at conversion	$ 0	216,437	0	0	216,437	0	0
Net income (loss) before non-controlling interest	0	0	(853,039)	(6,139)	(859,178)	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Jan. 31, 2020	$ 844	$ 6,205,729	$ (9,569,949)	$ (149,665)	$ (3,512,697)	$ 292	$ 52
Shares, Outstanding, Ending Balance at Jan. 31, 2020	8,441,062					2,925,369	520,000

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6. Convertible Debt

9 Months Ended

Jan. 31, 2020

Notes

6. Convertible Debt

NOTE – 6: CONVERTIBLE DEBT

On May 22, 2018 the Company signed an agreement with an investor for a loan of $25,000. The note is convertible 180 days after the date of the note to shares of the Company’s common stock at $0.75 per share or a 25% discount to the 10 day trading average prior to conversion; whichever is lower. The total amount of the loan must be converted on the date of conversion.  The note has an annual interest rate of 6%.

On July 10, 2018 RAB Investments AG agreed to buy the outstanding convertible debt from Jabro Funds for $35,000. The Company as part of the agreement paid Jabro Funds the $35,000 for the debt and considered it retired and paid in full.

During the nine months ended January 31, 2019, the Company issued a total of 474,062 shares of its common stock in the conversion of $52,278 in convertible notes principal, accrued interest payable and fees.

On May 6, 2019 the Company issued an 8% convertible note to Black Ice Advisors, LLC for $57,500 which matures on May 6, 2020. The note redeemable at a premium up to 140% of the face value within 180 days of issuance or is convertible after 180 days  to the Company common stock at 60% of the lowest trading price twenty days prior to conversion.

On May 10, 2019 the Company entered into a settlement agreement with Firstfire Global for payment of the original note for $189,000 issued on July 18, 2016.  Under the terms of the agreement the Company paid Firstfire $65,000 on May 10, 2019 and $10,000 to be paid on or before May 31, 2019. In addition Firstfire received 150,000 shares of the Company. On September 12, 2019 the $10,000 was converted in to 123,456 shares of common stock.

On July 11, 2019 the Company issued an 8% convertible note to GS Capital Partners, LLC for $58,000 which matures on July 11, 2020. The note redeemable at a premium up to 135% of the face value within 180 days of issuance or is convertible after 180 days  to the Company common stock at 62% of the lowest trading price twenty days prior to conversion. On January 16, 2020 the Company paid  GS Capital partners $80,620 consisting of principal of the face amount of the note of $58,000 plus $22,600 in prepayment penalty which was charged to interest.

On November 1, 2019 the Company issued a convertible note to Adar Alef, LLC for $40,700 with a $3,700 original discount.  The note matures on October 31, 2020 bearing interest at the rate of 8% per annum. The note is convertible into common stock of the Company after 180 days at the rate of 70% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 115% to135% above face value.

On November 12, 2019 the Company issued a convertible note to Platinum Point Capital, LLC for $41,250 with an original discount of $3,750.  The note matures on November 12, 2020 bearing interest at the rate of 8% per annum with a default rate of 24%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer after 90 days and within 180 days from issuance at a premium rates of 140% above face value.

On November 12, 2019 the Company issued a convertible note to Jefferson Street Capital, LLC for $41,250 with an original discount of $3,750.  The note matures on November 12, 2020 bearing interest at the rate of 8% per annum with a default rate of 24%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer after 90 days and within 180 days from issuance at a premium rates of 140% above face value.

On December 20, 2019 the Company issued a convertible note to Lliah for $63,950 with an original discount of $8,950.  The note matures on December 19, 2020 bearing interest at the rate of 8% per annum. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 115% to 135% above face value.

On January 10, 2020 the Company issued a convertible note to Crown Bridge Partners, LLC with a principal; amount of $171,000 and a prorate original discount of $15,000.  The first tranche of the note received by the Company was a face value of $57,000 and net amount received of $50,000. Each tranche of the note matures twelve months from receipt of the tranche and  bears interest at the rate of 10% per annum with a default rate of 15%. The note is convertible into common stock of the Company after 180 days at the rate of 60% of the lowest trading price for twenty days prior to conversion. The note may be repaid to the issuer within 180 days from issuance at variable premium rates of 125% above face value.

On January 13, 2020 the Company issued an additional note to Ionic Ventures, LLC for $220,000 with an original discount of $20,000.  The note is part of a securities purchase agreement dated August 31, 2018. The note matures on June 20, 2020 bearing interest at the rate of 15% per annum. The note is convertible into common stock of the Company at $0.60 per share or  of 60% of the lowest trading price for twenty days prior to conversion, whichever is the lowest.

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

As of January 31, 2020, and April 30, 2019, the convertible debt outstanding, net of discount, was $689,454 and $959,800, respectively.

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NOTE - 10: WARRANTS

9 Months Ended

Jan. 31, 2020

Notes

NOTE - 10: WARRANTS

NOTE – 10: WARRANTS

During the year ended April 30, 2019 the Company issued 600,000 warrants with a conversion price of $0.70 to $2.50 to four individuals. The warrants have a three and one half year term and are convertible into the common shares of the Company.

A summary of the Company’s warrants as of January 31, 2020, and changes during the nine months then ended is as follows:

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)	Aggregate Intrinsic Value
Outstanding at April 30, 2019	600,000	$	1.20	3.00	$    492,000
Granted	--	$	--	--	--
Exercised	--	$	--	--	--
Forfeited or expired	--	$	--	--	--
Outstanding and exercisableat January 31, 2020	600,000	$	1.20	2.25	$ 558,000

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Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2020	Mar. 12, 2020
Registrant CIK	0001533357
Fiscal Year End	--04-30
Registrant Name	DEFENSE TECHNOLOGIES INTERNATIONAL CORP.
SEC Form	10-Q
Period End date	Jan. 31, 2020
Tax Identification Number (TIN)	99-0363802
Number of common stock shares outstanding		8,441,062
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Shell Company	false
Small Business	true
Emerging Growth Company	true
Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-54851
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2683 Via De La Valle
Entity Address, Address Line Two	Suite G418
Entity Address, City or Town	Del Mar
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92014
City Area Code	(800)
Local Phone Number	520-9485
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Preferred Class A
Preferred Stock, Shares Outstanding		2,925,369
Preferred Class B
Preferred Stock, Shares Outstanding		520,000

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4. Related Party Transactions (Details) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Details
Payables - related parties	$ 904,122	$ 749,879

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1. Nature of Operations and Continuation of Business: Impairment of Long-lived Assets (Details)	Jan. 31, 2020 USD ($)
Details
Investments	$ 378,600

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NOTE - 10: WARRANTS: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Tables)

9 Months Ended

Jan. 31, 2020

Warrants

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contract Term (Years)	Aggregate Intrinsic Value
Outstanding at April 30, 2019	600,000	$	1.20	3.00	$    492,000
Granted	--	$	--	--	--
Exercised	--	$	--	--	--
Forfeited or expired	--	$	--	--	--
Outstanding and exercisableat January 31, 2020	600,000	$	1.20	2.25	$ 558,000