ASSETS PURCHASE

3 Months Ended

Jul. 31, 2024

ASSETS PURCHASE

ASSETS PURCHASE

NOTE 4 – ASSETS PURCHASE

On July 7, 2022, the Company entered into an Assets Purchase Agreement to acquire inventory and intangible assets from Orev LLC. The purchase price consisted of $50,000 cash and 200,000 shares at $0.30 per share of the Company’s common stock for total consideration of $109,000. The Company acquired inventory of $23,447 and intangible assets valued at $85,553.

The inventory acquired is Nutriumph Products for resale purposes. These inventory items have been sold during the year ended April 30, 2023.

The intangible assets comprised of proprietary formula at $85,553 and Herberall trademarks with a deemed value of $0. The proprietary formula has an estimated useful life of three years. The Company incurred amortization expenses of $7,129 and $7,129 for the three months ended July 31, 2024 and 2023, recorded as general and administrative expenses. As of July 31, 2024 and April 30, 2024, the intangible assets were $26,643 and $33,772, net of accumulated amortization of $58,910 and $51,781. Based on the carrying value of definite-lived intangible assets as of April 30, 2023, the amortization expense for the next three years will be as follows:

	Amortization
Year Ended April 30,	Expense
2025 (excluding three months ended July 31, 2024)	$	21,389
Thereafter		5,254
	$	26,643