|
NOTE 5 – ACCRUED EXPENSES
Accrued expenses at October 31, 2025 and April
30, 2025, are summarized below:
| Schedule of accrued expenses |
|
|
|
|
|
|
| |
|
October 31, 2025 |
|
|
April 30, 2025 |
|
| Payroll related costs |
|
$ |
185,846 |
|
|
$ |
335,846 |
|
| Director fees |
|
|
67,500 |
|
|
|
67,500 |
|
| R&D costs |
|
|
92,310 |
|
|
|
92,310 |
|
| Legal settlement |
|
|
175,000 |
|
|
|
2,019,000 |
|
| Excise tax on stock repurchases |
|
|
– |
|
|
|
25,424 |
|
| Total accrued expenses |
|
|
520,656 |
|
|
|
2,540,080 |
|
| Less: Long-term portion of legal settlement |
|
|
– |
|
|
|
(25,000 |
) |
| Total |
|
$ |
520,656 |
|
|
$ |
2,515,080 |
|
|