The Business (Tables)

12 Months Ended

Apr. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger

C. Merger Agreement with Rotor Riot, LLC

I. Purchase Price

Shares issued	$	1,820,114
Promissory note issued	$	175,000
Total Purchase Price	$	1,995,114

II. Purchase Price Allocation

Assets Acquired
Cash	$	21,623
Accounts receivable		28,500
Other assets		3,853
Inventory		127,411
Trademark		20,000
Brand name		578,000
Customer relationships		39,000
Goodwill		1,756,023
Total assets acquired	$	2,574,410
Liabilities Assumed
Accounts payable and accrued expenses	$	171,651
Notes payable		209,799
Due to related party		197,846
Total liabilities assumed		579,296
Net assets acquired	$	1,995,114

D. Fat Shark Acquisition

I. Purchase Price

Shares issued	$	6,351,076
Promissory note issued		1,753,000
Cash		250,000
Total Purchase Price	$	8,354,076

II. Purchase Price Allocation

Assets Acquired
Cash	$	201,632
Accounts receivable		249,159
Other assets		384,232
Inventory		223,380
Brand name		1,144,000
Proprietary technology		272,000
Non-compete agreement		16,000
Goodwill		6,168,260
Total assets acquired	$	8,658,663
Liabilities Assumed
Accounts payable and accrued expenses	$	279,393
Customer deposits		25,194
Total liabilities assumed		304,587
Net assets acquired	$	8,354,076