STOCKHOLDERS’ DEFICIT

6 Months Ended

Oct. 31, 2023

Equity [Abstract]

STOCKHOLDERS’ DEFICIT

Note 6 – STOCKHOLDERS’ DEFICIT

Common Stock

In June of 2023, the Company’s Board of Directors voted to increase the authorized shares to 200,000,000. 

Series A Preferred Stock

On May 1, 2020, the Company’s Board authorized the creation of 100 Series A preferred shares. The Series A preferred shares will pay a quarterly payment based upon gaming revenue sharing, which all 100 Series A preferred shares will receive twenty percent of TSR’s portion of the game revenue from its game app., which equates to thirteen percent of total game gross revenues. Each Series A preferred share was priced at $4,000 with a minimum purchase of three Series A preferred shares and are only eligible to be purchased by accredited investors. Each Series A preferred share will receive one one hundredth of twenty percent of TSR game net as revenue sharing. Each Series A preferred share will continue to exist, unless the game app. is sold to another entity, at which time the Series A preferred shareholders will receive their same percentage of the game sales proceeds price, if or when such occurs. The Series A preferred shares are not convertible into common shares and are subject to all other restrictions on securities as set forth.

At October 31 and April 30, 2023, the Company had 51 shares of Series A preferred shares outstanding.

Warrants

At April 30, 2023 there were 7,177,333 warrants with a weighted average exercise price of $0.17, weighted average remaining life of 2.25 years, and an average intrinsic value of $0.11. There were no warrants granted during the six month period ended October 31, 2023. A total of 282,667 warrants expired during the six month period ended October 31, 2023. At October 31, 2023, there were 6,894,666 warrants with a weighted average exercise price of $0.17, weighted average remaining life of 1.75 years, and an average intrinsic value of $0.11.