Annual report pursuant to Section 13 and 15(d)

The Business - Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger (Details)

v3.21.2
The Business - Values of purchase consideration, assets acquired, and liabilities assumed from reverse-merger and merger (Details) - USD ($)
 12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Jan. 31, 2020
Merger Agreement with Rotor Riot, LLC      
Purchase Price      
Shares issued   1,820,114  
Promissory note issued   $ 175,000  
Total Purchase Price   $ 1,995,114  
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
Fat Shark Acquisition      
Purchase Price      
Shares issued 6,351,076    
Promissory note issued $ 1,753,000    
Cash 250,000    
Total Purchase Price 8,354,076    
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