Convertible Notes (Details Narrative) |
12 Months Ended |
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Apr. 30, 2021
USD ($)
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Convertible Note issued to accredited investor | |
Convertible Debentures | |
Convertible note, principal amount | $ 300,000 |
Convertible note, term | 2 years |
Convertible note, interest rate | 12.00% |
Convertible Note issued to director | |
Convertible Debentures | |
Convertible note, principal amount | $ 125,000 |
Convertible note, term | 2 years |
Convertible note, interest rate | 12.00% |
Convertible Note issued to chief executive officer | |
Convertible Debentures | |
Convertible note, principal amount | $ 25,000 |
Convertible note, term | 2 years |
Convertible note, interest rate | 12.00% |
October 2020 Financing | |
Convertible Debentures | |
Proceeds from Convertible Note financing | $ 600,000 |
January 2021 Financing | |
Convertible Debentures | |
Proceeds from Convertible Note financing | $ 500,000 |
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- Definition Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- References No definition available.
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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