Loan Payables

6 Months Ended

Oct. 31, 2025

Loan Payables [Abstract]

Loan payables

13. Loan payables

A summary of the Company’s loans was listed as follows:

Lender	Due date	October 31, 2025			April 30, 2025
U.S. Small Business Administration	June 15, 2050	$	2,591,887		$	2,616,050
Total loan payables			2,591,887			2,616,050
Current portion of loan payables			(62,568	)		(62,212	)
Non-current loan payables		$	2,529,319		$	2,553,838

U.S. Small Business Administration (the “SBA”)

Borrower	Due date	October 31, 2025		April 30, 2025
Maison Monrovia	June 15, 2050	$	150,000	$	150,000
Maison San Gabriel	June 15, 2050		1,949,702		1,967,874
Maison El Monte	June 15, 2050		492,185		498,176
Total SBA loan payables		$	2,591,887	$	2,616,050

On June 15, 2020, Maison Monrovia entered into a $150,000 Business Loan Agreement with the SBA at 3.75% annual interest rate and a maturity date on June 15, 2050.

On June 15, 2020, Maison San Gabriel entered into a $150,000 Business Loan Agreement with the SBA at 3.75% annual interest rate and a maturity date on June 15, 2050. On January 12, 2022, Maison San Gabriel entered into an additional $1,850,000 Business Loan Agreement with the SBA at 3.75% annual interest rate and a maturity date on June 15, 2050.

On June 15, 2020, Maison El Monte entered into a $150,000 Business Loan Agreement with SBA at 3.75% annual interest rate and a maturity date on June 15, 2050. On January 6, 2022, Maison El Monte entered into an additional $350,000 Business Loan Agreement with the SBA at 3.75% annual interest rate and a maturity date on June 15, 2050.

During the three months ended October 31, 2025 and 2024, the Company made aggregate repayment of the SBA loans of $39,030 and $39,030 (which includes principal of and interest expense). During the six months ended October 31, 2025 and 2024, the Company made aggregate repayment of the SBA loans of $78,060 and $78,060 (which includes principal of and interest expense).

As of October 31, 2025, the future minimum principal amount of loan payments to be paid by year were as follows:

Year Ending April 30,	Amount
2026	$	62,568
2027		62,568
2028		62,568
2029		62,568
2030		62,568
Thereafter		2,279,047
Total	$	2,591,887