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Annual report pursuant to Section 13 and 15(d)

Convertible Notes and Convertible Notes - Related Party (Tables)

v3.19.2
Convertible Notes and Convertible Notes - Related Party (Tables)
12 Months Ended
Apr. 30, 2019
Debt Disclosure [Abstract] Ìý
Schedule of Convertible Notes Payable

Convertible notes payable consisted of the following at April 30, 2019 and 2018:


Ìý

Ìý

April 30,

Ìý

Ìý

Ìý

2019

Ìý

Ìý

2018

Ìý

Convertible note payable - originating December 1, 2017; no monthly payments required; bearing an annual rate of interest at 8%; $1,000,000 maturing on December 1, 2018 and $1,000,000 maturing on December 1, 2019

Ìý

$

0

Ìý

Ìý

$

2,000,000

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Convertible note payable - originating February 29, 2012; no monthly payments required; bearing interest at 0.19%; maturing at February 29, 2014

Ìý

Ìý

50,000

Ìý

Ìý

Ìý

50,000

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

50,000

Ìý

Ìý

Ìý

2,050,000

Ìý

Less: Current maturities

Ìý

Ìý

(50,000

)

Ìý

Ìý

(1,050,000

)

Total

Ìý

$

0

Ìý

Ìý

$

1,000,000