EQUITY TRANSACTIONS

3 Months Ended

Jul. 31, 2023

Equity [Abstract]

EQUITY TRANSACTIONS

NOTE E – EQUITY TRANSACTIONS

Preferred Stock

The Company is authorized to issue 10,000,000 shares of preferred stock with $0.001 par value per share, of which 35,850 shares have been designated as Series A convertible preferred stock with a $100 stated value per share; 1,000 shares have been designated as Series B Preferred Stock with a $10,000 per share liquidation value; 4,200,000 shares have been designated as Series C Preferred Stock with a $1.00 per share liquidation value, and 2,000,000 shares have been designated as Series D Preferred Stock with a $1 per share liquidation value.

Common Stock

The Company is authorized to issue 750,000,000 shares of common stock, $0.001 par value. As of July 31, and April 30, 2023 the Company’s issued and outstanding shares are 23,951,111 and 23,045,205 respectively.

During the three months ended July 31, 2023, the Company:

● Issued 830,906 shares valued at $70,000 to three accredited investors related to equity investments and note conversions

● Issued 75,000 shares valued at $6,975 to accredited investor related to promissory note.

● Sold to three accredited investors 432,733 shares of common stock for cash of $40,000, actual shares were not issued yet and recorded as common stock to be issued.

During the three months ended July 31, 2022, the Company:

● Issued 1,594,960 shares valued at $245,381 issued for services rendered.

● Issued 60,000 shares upon the conversion of 20,000 shares of Series C Convertible Preferred Stock.

● Sold to four accredited investors 1,824,771 shares of common stock for cash of $95,000 and a $57,000 conversion of prior equity investments in iMobile Solutions, Inc., actual shares were not issued yet and recorded as common stock to be issued.

● Issued 518,333 shares valued at $44,647 to accredited investors related to promissory notes.