Annual report pursuant to Section 13 and 15(d)

Note 7 ??? Intangible Assets (Tables)

v3.23.2
Note 7 – Intangible Assets (Tables)
 12 Months Ended
Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]
                               
    2023   2022
    Gross Carrying Amount   Accumulated Amortization   Net Carrying Value   Gross Carrying Amount   Accumulated Amortization   Net Carrying Value
Proprietary technology   $ 4,967,000     $ (841,223 )   $ 4,125,777     $ 1,098,000     $ (219,267 )   $ 878,733  
Non-compete agreements     81,000       (56,667 )     24,333       81,000       (29,667 )     51,333  
Customer relationships     39,000       (18,106 )     20,894       39,000       (12,535 )     26,465  
Total finite-lived assets     5,087,000       (915,996 )     4,171,004       1,218,000       (261,469 )     956,531  
Brand name     3,152,000       —         3,152,000       1,722,000       —         1,722,000  
Trademark     20,000       —         20,000       20,000       —         20,000  
Total indefinite-lived assets     3,172,000       —         3,172,000       1,742,000       —         1,742,000  
Total intangible assets, net   $ 8,259,000     $ (915,996 )   $ 7,343,004     $ 2,960,000     $ (261,469 )   $ 2,698,531  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Fiscal Year Ended:    
  2024     $ 866,805  
  2025       842,471  
  2026       815,271  
  2027       786,679  
  2028       644,833  
  Thereafter       214,945  
  Total     $ 4,171,004  
Schedule of Goodwill [Table Text Block]
  Date   Acquisition   Goodwill
  January 2020     Rotor Riot   $ 1,849,073  
  November 2020     Fat Shark     6,168,260  
  May 2021     Skypersonic     2,826,918  
  August 2021     Teal Drones     8,995,499  
  Balance at April 30, 2022           19,839,750  
  Impairment loss     Skypersonic     (2,826,918 )
  Balance at April 30, 2023         $ 17,012,832