NOTES PAYABLE	12 Months Ended
Apr. 30, 2025
NOTES PAYABLE
NOTES PAYABLE	NOTE 5 - NOTES PAYABLE On July 18, 2018, the Company entered into a promissory note of $114,226.26 with interest rate of 8% per annum with Haynie & Company the Company’s former auditors. Under the terms of the agreement commencing August 15, 2018 the Company is to pay Haynie $5,000 per month. In addition, the Company shall pay the noteholder 20% of any funding event of private or public equity. As of April 30, 2025 the Company owed the note holder $20,042 plus interest. As of April 30, 2025 the note is in default. On May 1, 2022, the Company entered into a loan agreement with EMAC Handels AG for short term loans up to $100,000. The loans bear interest at 6% per annum. As April 30, 2025 the outstanding balance on the loan agreement was $117,227 plus accrued interest. As of April 30, 2025 the note is in default. During the year ended April 30, 2023, the Company entered into a loan agreement with Star Anchor for short term loans. The loans bear interest at 6% per annum. As of April 30, 2025, the outstanding balance on the loan agreement was $19,050 plus accrued interest. On July 10, 2024 the Company issued a promissory note for $50,000, The note matures in one year from issuance. The note has an initial discount of $10,000 and is not convertible. On December 13, 2024 the Company issued a promissory note to Mayday Management Inc, for $12,500 plus interest and cost accrued of $845.83. The note is due on February 10, 2025. As of April 30, 2025 the note is in default. On December 26, 2024 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible. On December 13, 2024 the Company issued a promissory note for $12,000. The note matures July 11, 2025. The note has an initial discount of $2,000 and is not convertible. On January 7, 2025 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible On January 21, 2025 the Company issued a promissory note for $43,500. The note matures July 11, 2025. The note has an initial discount of $8,500 and is not convertible On February 12, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible, On February 18, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible On March 11, 2025 the Company issued a promissory note for $25,000. The note matures July 11, 2025. The note has an initial discount of $5,000 and is not convertible. As of April 30, 2025 and 2024, the outstanding balances of notes payable was $476,312 and $20,042, respectively. As of April 30, 2025 and 2024, the Company had notes payable due to related parties totaling $ 161,092 and $150,020, respectively.

NOTES PAYABLE

12 Months Ended

Apr. 30, 2025

NOTE 5 - NOTES PAYABLE

On July 18, 2018, the Company entered into a promissory note of $114,226.26 with interest rate of 8% per annum with Haynie & Company the Company’s former auditors. Under the terms of the agreement commencing August 15, 2018 the Company is to pay Haynie $5,000 per month. In addition, the Company shall pay the noteholder 20% of any funding event of private or public equity. As of April 30, 2025 the Company owed the note holder $20,042 plus interest. As of April 30, 2025 the note is in default.

On May 1, 2022, the Company entered into a loan agreement with EMAC Handels AG for short term loans up to $100,000. The loans bear interest at 6% per annum. As April 30, 2025 the outstanding balance on the loan agreement was $117,227 plus accrued interest. As of April 30, 2025 the note is in default.

During the year ended April 30, 2023, the Company entered into a loan agreement with Star Anchor for short term loans. The loans bear interest at 6% per annum. As of April 30, 2025, the outstanding balance on the loan agreement was $19,050 plus accrued interest.

On July 10, 2024 the Company issued a promissory note for $50,000, The note matures in one year from issuance. The note has an initial discount of $10,000 and is not convertible.

On December 13, 2024 the Company issued a promissory note to Mayday Management Inc, for $12,500 plus interest and cost accrued of $845.83. The note is due on February 10, 2025. As of April 30, 2025 the note is in default.

On December 26, 2024 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible.

On December 13, 2024 the Company issued a promissory note for $12,000. The note matures July 11, 2025. The note has an initial discount of $2,000 and is not convertible.

On January 7, 2025 the Company issued a promissory note for $50,000. The note matures July 11, 2025. The note has an initial discount of $10,000 and is not convertible

On January 21, 2025 the Company issued a promissory note for $43,500. The note matures July 11, 2025. The note has an initial discount of $8,500 and is not convertible

On February 12, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible,

On February 18, 2025 the Company issued a promissory note for $105,000. The note matures July 11, 2025. The note has an initial discount of $15,000 and is not convertible

On March 11, 2025 the Company issued a promissory note for $25,000. The note matures July 11, 2025. The note has an initial discount of $5,000 and is not convertible.

As of April 30, 2025 and 2024, the outstanding balances of notes payable was $476,312 and $20,042, respectively.

As of April 30, 2025 and 2024, the Company had notes payable due to related parties totaling $ 161,092 and $150,020, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

DEFENSE TECHNOLOGIES INTERNATIONAL CORP. 10-K