Quarterly report pursuant to Section 13 or 15(d)

Note 8 ??? Debt Obligations (Tables)

v3.21.4
Note 8 – Debt Obligations (Tables)
 6 Months Ended
Oct. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
 Date of Transaction    Purchased Receivables   Payment to Company   Transaction Fees    Withholding Rate     Balance at October 31, 2021
May 2020     $158,200    $140,000   $18,200   17%   Completed in October 2020
September 2020   $209,050   $185,000   $24,050   17%   Completed in May 2021
April 2021   $236,500   $215,000   $21,500   17%   $77,722
Outstanding principal payments

Short and long term debt obligations totaled $1,338,030 and $1,431,739 at October 31, 2021, respectively. Outstanding principal payments are due as follows:

 

Balance of calendar 2021     $ 608,894  
2022       825,535  
2023       609,099  
2024       641,729  
2025       72,377  
2026       12,135  
Total     $ 2,769,769