Schedule of Intangible Assets and Goodwill [Table Text Block] |
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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 |
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|
$ |
272,000 |
|
|
$ |
(27,200 |
) |
|
$ |
244,800 |
|
Non-compete agreements |
|
81,000 |
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|
|
(29,667 |
) |
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|
51,333 |
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|
|
16,000 |
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|
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(2,667 |
) |
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|
13,333 |
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Customer relationships |
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39,000 |
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(12,535 |
) |
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|
26,465 |
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39,000 |
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|
|
(6,964 |
) |
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|
32,036 |
|
Total finite-lived assets |
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1,218,000 |
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(261,469 |
) |
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956,531 |
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327,000 |
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(36,831 |
) |
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|
290,169 |
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Brand name |
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1,722,000 |
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|
|
— |
|
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|
1,722,000 |
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|
|
1,722,000 |
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— |
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1,722,000 |
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Trademark |
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20,000 |
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— |
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20,000 |
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20,000 |
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— |
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|
|
20,000 |
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Total indefinite-lived assets |
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1,742,000 |
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— |
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|
1,742,000 |
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|
|
1,742,000 |
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|
|
— |
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|
|
1,742,000 |
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Total intangible assets, net |
$ |
2,960,000 |
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|
$ |
(261,469 |
) |
|
$ |
2,698,531 |
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|
$ |
2,069,000 |
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|
$ |
(36,831 |
) |
|
$ |
2,032,169 |
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Schedule of Goodwill [Table Text Block] |
Date |
|
Acquisition |
|
Goodwill |
January 2020 |
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|
Rotor Riot |
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|
$ |
1,849,073 |
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November 2020 |
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Fat Shark |
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|
|
6,168,260 |
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Balance at April 30, 2021 |
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|
|
|
|
|
8,017,333 |
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May 2021 |
|
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Skypersonic |
|
|
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2,826,918 |
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August 2021 |
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Teal Drones |
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14,294,499 |
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Balance at April 30, 2022 |
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$ |
25,138,750 |
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