Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.20.2
Related Party Transactions
12 Months Ended
Apr. 30, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

Note 12 - Related-Party Transactions

 

Shares Issued for Services – In May 2019, we issued 1,570 shares of common stock valued at $70,000 to a shareholder for legal services provided to us. In April 2020, we issued 150,000 shares of common stock with a fair market value of $204,000 to a different law firm for services provided to us.

 

Office Lease – We rented space from our Chief Executive Officer during the fiscal year ended April 30, 2019 and made payments totaling $8,100.

 

Convertible Note Financing – In December 2019, we completed a convertible note financing with a member of the Board of Directors for $125,000 and with our Chief Executive Officer for $25,000. See Note 6 for details on the terms of the transaction.