Annual report pursuant to Section 13 and 15(d)

Note 7 ??? Intangible Assets (Tables)

v3.22.2
Note 7 – Intangible Assets (Tables)
12 Months Ended
Apr. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]
                       
  April 30, 2022   April 30, 2021
  Gross Carrying Amount   Accumulated Amortization   Net Carrying Value   Gross Carrying Amount   Accumulated Amortization   Net Carrying Value
Proprietary technology $ 1,098,000     $ (219,267 )   $ 878,733     $ 272,000     $ (27,200 )   $ 244,800  
Non-compete agreements   81,000       (29,667 )     51,333       16,000       (2,667 )     13,333  
Customer relationships   39,000       (12,535 )     26,465       39,000       (6,964 )     32,036  
Total finite-lived assets   1,218,000       (261,469 )     956,531       327,000       (36,831 )     290,169  
Brand name   1,722,000                1,722,000       1,722,000                1,722,000  
Trademark   20,000                20,000       20,000                20,000  
Total indefinite-lived assets   1,742,000                1,742,000       1,742,000                1,742,000  
Total intangible assets, net $ 2,960,000     $ (261,469 )   $ 2,698,531     $ 2,069,000     $ (36,831 )   $ 2,032,169  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
  Fiscal Year Ended:    
  2023     $ 224,638  
  2024       221,972  
  2025       197,638  
  2026       170,438  
  2027       141,845  
  Total     $ 956,531  
Schedule of Goodwill [Table Text Block]
Date   Acquisition   Goodwill
January 2020     Rotor Riot     $ 1,849,073  
November 2020     Fat Shark       6,168,260  
Balance at April 30, 2021           8,017,333  
May 2021     Skypersonic       2,826,918  
August 2021     Teal Drones       14,294,499  
Balance at April 30, 2022           $ 25,138,750