Annual report [Section 13 and 15(d), not S-K Item 405]

ACCRUED EXPENSES

v3.25.2
ACCRUED EXPENSES
 12 Months Ended
Apr. 30, 2025
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 5 – ACCRUED EXPENSES

 

Accrued expenses at April 30, 2025 and 2024 are summarized below:

           
    2025     2024  
Payroll related costs   $ 335,846     $ 167,817  
Director fees     67,500       135,000  
R&D costs     92,310       92,310  
Legal settlement     2,019,000       –  
Excise tax on stock repurchases     25,424       340,072  
Total accrued expenses     2,540,080       735,199  
Less: Long-term portion of legal settlement     (25,000 )     –  
Total – current portion   $ 2,515,080     $ 735,199  

 

See Note 9 – Commitments and Contingencies for additional information on the legal settlement.