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SUBSEQUENT EVENTS
3 Months Ended
Jul. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 11 – SUBSEQUENT EVENTS

 

Subsequent to July 31, 2025 the Company issued shares of its common stock as follows:

 

  -

2,750,000 shares for the conversion of $27,500 of the principal of a convertible promissory note;

     
  - 127,778 shares issued under subscription agreements for proceeds of $1,278; and
     
  - 250,000 shares for consulting services valued at $2,500.

 

Subsequent to July 31, 2025 the Company entered into the following convertible note agreements and loans:

 

  - A convertible note dated August 21, 2025 with a face value of $150,000, an original issue discount of $15,000, proceeds to the Company of $135,000, an annual rate of interest of 10% that is convertible into shares at $0.01 and that is due on August 22, 2026. The note also states that the lender will receive monthly performance bonus payments of $500 per unit of the CornerShot product manufactured and delivered by the Company upon receipt of customer payment, limited to 100% of the loan value; and
     
  - A convertible note dated September 11, 2025 with a face value of $50,000, an original issue discount of $5,000, proceeds to the Company of $45,000, an annual rate of interest of 10% that is convertible into shares at $0.01 and that is due on September 12, 2026. The note also states that the lender will receive monthly performance bonus payments of $500 per unit of the CornerShot product manufactured and delivered by the Company upon receipt of customer payment, limited to 100% of the loan value.

 

Subsequent to July 31, 2025 the following convertible notes went into default:

 

  - A convertible promissory note dated August 12, 2024 that was due on August 12, 2025;

 

  - A convertible promissory note dated May 2, 2025 that was due on August 2, 2025; and

 

  - A convertible promissory note dated May 2, 2025 that was due on August 2, 2025.

 

Subsequent to July 31, 2025 the Company entered into an agreement with a related party to lease 6,500 square feet of warehouse space and 1,200 share feet office space. The lease is month-to-month until terminated by either the Company or the landlord and the base monthly rent is $10,000 per month.