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COMMITTMENTS AND CONTINGENCIES
6 Months Ended
Oct. 31, 2022
COMMITTMENTS AND CONTINGENCIES  
COMMITTMENTS AND CONTINGENCIES

NOTE 9 - COMMITTMENTS AND CONTINGENCIES

 

The Company’s principal business and corporate address is 3571 E. Sunset Road, Suite 300, Las Vegas, NV 89120.

 

On August 5, 2020, the Company entered into a lease agreement for the office premise under a term of 6 months commencing on August 10, 2020, at the cost of $4,750 per month, consisting of $2,000 payable in common shares of the Company and $2,750 payable in cash. Subsequent to the end of the agreement, the premise was leased on month-to-month basis. On January 1, 2022, the Company renewed the lease agreement for the office premise under a term of one year commencing on January 1, 2022, at the cost of $4,500 per month, consisting of $2,500 payable in common shares of the Company and $2,000 payable in cash.

 

The Company also maintains a sales office at 3375 Shoal Line Blvd., Hernando Beach, Florida 34607. This office is leased on month-by-month basis at the cost of $1,857.50 per month.

 

The leases are exempt from the provisions of ASC 842, Leases, due to the short terms of their durations.