DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS

3 Months Ended

Jul. 31, 2018

DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS [Abstract]

DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS

NOTE 12 – DEBT FORGIVENESS AND GAIN ON SALE OF ASSETS

With the Change in Control transaction our founder, negotiated and guaranteed the settlement of certain accounts payable of the Company resulting in forgiveness of debt; the Company recognized related party debt forgiveness of approximately $265,538 which was credited to additional paid in capital. Furthermore, in connection with the Change in Control transaction our founder, negotiated the sale of certain intangible assets with a net value of $0 to be paid through the settlement of accounts payable of $15,000. We recognized a gain on sale of assets of $15,000.