INTANGIBLE ASSETS

12 Months Ended

15 Months Ended

Apr. 30, 2024

Jul. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Note 5: INTANGIBLE ASSETS

Intangible assets reflect only those intangible assets of our continuing operations, and consist of the following:

	Weighted
	Average Period		April 30, 2024
	Amortization (in years)		Carrying Value		Accumulated Amortization		Impairment Loss		Net Carrying Value
Tradenames and patents		15.26	$	385,582	$	24,031	$	360,551	$	1,000
Customer relationships		9.92		3,930,000		50,038		3,879,962		-
Internally developed software		4.91		580,000		79,608		500,392		-
Total intangible assets			$	4,895,582	$	153,677	$	4,740,905	$	1,000

	Weighted
	Average Period		April 30, 2023
	Amortization (in years)		Carrying Value		Accumulated Amortization		Impairment Loss		Net Carrying Value
Tradenames and patents		15.26	$	385,582	$	24,031		260,270	$	101,281
Customer relationships		9.92		3,930,000		50,038		3,879,962		-
Internally developed software		4.91		580,000		79,608		500,392		-
Total intangible assets			$	4,895,582	$	153,677	$	4,640,624	$	101,281

Amortization expense for the years ended April 30, 2024 and 2023 was approximately $1,000 and $101,281, respectively. The Company impaired $100,281 for the year ended April 30, 2024. The remaining $1,000 is a nominal value related to the Company’s patents. This amount is not expected to be amortized any further.

Note 5: INTANGIBLE ASSETS

Intangible assets reflect only those intangible assets of our continuing operations, and consist of the following:

	Weighted
	Average Period		July 31, 2024
	Amortization (in years)		Carrying Value		Accumulated Amortization		Impairment Loss		Net Carrying Value
Tradenames and patents		15.26	$	385,582	$	24,031	$	360,551	$	1,000
Customer relationships		9.92		3,930,000		50,038		3,879,962		—
Internally developed software		4.91		580,000		79,608		500,392		—
Total intangible assets			$	4,895,582	$	153,677	$	4,740,905	$	1,000

	Weighted
	Average Period		April 30, 2024
	Amortization (in years)		Carrying Value		Accumulated Amortization		Impairment Loss		Net Carrying Value
Tradenames and patents		15.26	$	385,582	$	24,031		360,551	$	1,000
Customer relationships		9.92		3,930,000		50,038		3,879,962		—
Internally developed software		4.91		580,000		79,608		500,392		—
Total intangible assets			$	4,895,582	$	153,677	$	4,740,905	$	1,000

Amortization expense for the three months ended July 31, 2024 and 2023 was approximately $0 and $0, respectively. The Company impaired $0 in the three months ended July 31, 2024. The remaining $1,000 is a nominal value related to the Company’s patents. This amount is not expected to be amortized any further.