RELATED PARTY TRANSACTIONS

3 Months Ended

Jul. 31, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 7 - RELATED PARTY TRANSACTIONS

Related party compensation for the three months ended July 31, 2024 and 2023, and shareholding and salary payable as of July 31, 2024 and April 30, 2024, are summarized as below:

	Three Months Ended July 31, 2024
Title	Wages Expense		Management/Consulting Fees		Stock Compensation
CEO and CFO	$	39,557	$	-	$	4,938
Advisor - Affiliate		-		15,000		-
VP - Distro Plus		28,983		-		2,370
	$	68,540	$	15,000	$	7,308

	Three Months Ended July 31, 2023
Title	Wages Expense		Management/Consulting Fees		Stock Compensation
CEO and CFO	$	16,951	$	-	$	10,938
Advisor - Affiliate		-		15,000		-
President - Distro Plus		42,933		-		70,000
Operational Manager		21,495		-		28,923
VP - Distro Plus		24,747		-		5,250
Director		-		6,462		142,188
	$	106,126	$	21,462	$	257,299

	As of July 31, 2024
	Common Stock		Convertible Series A Preferred		Series A non-voting redeemable preferred		Salary/Consulting
Title	(Shares)		(Shares)		(Shares)		Fees Payable		Stock Payable
CEO and CFO		8,912,500		500,000		-	$	8,550	$	4,938
Advisor - Affiliate		6,453,000		500,000		175,000		225,000		-
President - Distro Plus		699,806		-		-		5,000		23,239
Operational Manager		194,652		-		-		-		-
VP - Distro Plus		1,485,000		-		-		-		2,370
Director		2,489,128		-		-		-		-
		20,234,086		1,000,000		175,000	$	238,550	$	30,547

	As of April 30, 2024
	Common Stock		Convertible Series A Preferred		Series A non-voting redeemable preferred		Salary/Consulting
Title	(Shares)		(Shares)		(Shares)		Fees Payable		Stock Payable
CEO and CFO		8,912,500		500,000		-	$	13,200	$	-
Advisor - Affiliate		6,453,000		500,000		175,000		210,000		-
President		699,806		-		-		10,000		23,239
COO		194,652		-		-		-		-
Interim CFO/Consultant		1,485,000		-		-		-		-
VP Sales and Marketing		2,489,128		-		-		-		-
		20,234,086		1,000,000		175,000	$	233,200	$	23,239

CEO and CFO

During the three months ended July 31, 2023, the Company awarded 62,500 shares of common stock to the CEO and CFO valued at $10,938. These stock awards were issued on August 15, 2023, and were recorded stock payable as of July 31, 2023.

During the three months ended July 31, 2024, the Company awarded 62,500 shares of common stock to the CEO and CFO valued at $4,938 recorded as stock payable as of July 31, 2024.

During the three months ended July 31, 2024, and 2023, the Company incurred management salary expenses of $39,557 and $16,951 to the CEO and CFO, respectively. As of July 31, 2024 and April 30, 2024, salary payable was $8,550 and $13,200, respectively.

Advisor - Affiliate

During the three months ended July 31, 2024 and 2023, the Company incurred consulting fees of $15,000 and $15,000 to the affiliated advisor, respectively. As of July 31, 2024 and April 30, 2024, the total amount due to the affiliated advisor was $225,000 and $210,000, respectively.

President – Distro Plus

During the three months ended July 31, 2023, the Company awarded 400,007 shares of common stock to the President of Distro Plus Division valued at $70,000. These stock awards were issued on August 15, 2023, and were recorded stock payable as of July 31, 2023.

During the three months ended July 31, 2023, the Company incurred management salary of $42,933 to the President. As of July 31, 2024 and April 30, 2024, salary payable was $0 and $10,000, respectively.

Operational Manager

During the three months ended July 31, 2023, the Company awarded 165,272 shares of common stock to the Operational Manager valued at $28,923. These stock awards were issued on August 15, 2023, and were recorded stock payable as of July 31, 2023.

VP – Distro Plus

During the three months ended July 31, 2023, the Company awarded 30,000 shares of common stock to the Vice President of Distro Plus Division valued at $5,250. These stock awards were issued on August 15, 2023, and were recorded stock payable as of July 31, 2023.

During the three months ended July 31, 2024, the Company awarded 30,000 shares of common stock to the Vice President of Distro Plus Division valued at $2,370 recorded as stock payable as of July 31, 2024.

During the three months ended July 31, 2024 and 2023, the Company incurred management salary of $28,983 and $24,747 to the Vice President, respectively.

Director

During the three months ended July 31, 2023, the Company awarded 812,500 shares of common stock to the Director valued at $142,188. These stock awards were issued on August 15, 2023, and were recorded stock payable as of July 31, 2023. 

During the three months ended July 31, 2023, the Company incurred consulting fees of $6,462 to the Director.