BIGtoken (BGTK) 10-Q 28 Feb 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Jan. 31, 2018shares
Document and Entity Information:
Entity Registrant Name	Force Protection Video Equipment Corp.
Document Type	10-Q
Document Period End Date	Jan. 31, 2018
Amendment Flag	false
Entity Central Index Key	1,518,720
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding	54,035,496
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	fpvd

Force Protection Video Equipmen

Force Protection Video Equipment Corp.- Balance Sheets - USD ($)		Jan. 31, 2018	Apr. 30, 2017
Current Assets:
Cash and cash equivalents		$ 56,674	$ 188,773
Accounts receivable		17,053	1,738
Inventory		121,450	104,128
Prepaids		8,798	28,153
TOTAL CURRENT ASSETS		203,975	322,792
Property and equipment, net	[1]	22,893	18,796
Operating Lease	[2]	48,672
Deposits		2,400	1,945
TOTAL ASSETS		277,940	343,533
Current Liabilities:
Accounts payable and accrued expenses		84,145	69,177
Operating lease liability		14,840
Convertible promissory notes	[3]	423,442	140,969
Total Current Liabilities		522,427	210,146
Long-term liabilities
Warranty		113	515
Operating lease liability, long term		33,933
Total liabilities		556,473	210,661
Commitments and contingencies	[4]
Stockholders' Equity (deficit)
Preferred stock		500	100
Common stock		5,403	170
Additional paid-in capital		3,530,980	3,124,998
Accumulated Deficit		(3,815,416)	(2,992,396)
Total Stockholders' Equity (deficit)		(278,533)	132,872
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)		$ 277,940	$ 343,533
[1]	Net of accumulated depreciation of $9,421 and $5,272, respectively.
[2]	ROU asset
[3]	net of discount of $85,426 and $286,159, respectively.
[4]	See Note 5

Force Protection Video Equipme3

Force Protection Video Equipment Corp. - Balance Sheets - Parenthetical - $ / shares	Jan. 31, 2018	Apr. 30, 2017
Statement of Financial Position
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	15,000,000	15,000,000
Preferred Stock, Shares Issued	5,000,000	1,000,000
Preferred Stock, Shares Outstanding	5,000,000	1,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000
Common Stock, Shares Issued	54,035,496	1,698,494
Common Stock, Shares Outstanding	54,035,496	1,698,494

Force Protection Video Equipme4

Force Protection Video Equipment Corp. - Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Income
Net revenue	$ 50,669	$ 44,489	$ 139,182	$ 77,666
Cost of goods sold	29,510	29,805	60,377	53,582
Gross profit	21,159	14,684	78,805	24,084
OPERATING EXPENSES
General and administrative	108,662	122,512	348,279	444,819
Sales and marketing	4,483	28,088	74,417	117,294
Total operating expenses	113,145	150,600	422,696	562,113
Loss from operations	(91,986)	(135,916)	(343,891)	(538,029)
OTHER (EXPENSE)
Interest expense	(11,843)	(7,175)	(30,756)	(21,307)
Accretion of debt discount	(67,736)	(144,753)	(448,373)	(567,647)
Total other (expense)	(79,579)	(151,928)	(479,129)	(588,954)
Loss before taxes	(171,565)	(287,844)	(823,020)	(1,126,983)
Provision for income taxes
Net loss	$ (171,565)	$ (287,844)	$ (823,020)	$ (1,126,983)
Net (Loss) Per Common Share- Basic and Diluted	$ (0.01)	$ (0.35)	$ (0.05)	$ (1.99)
Weighted Average Common Shares Outstanding Basic and Diluted	32,194,936	813,129	16,007,454	566,217

Force Protection Video Equipme5

Force Protection Video Equipment Corp. - Statements of Cash Flows - USD ($)		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017
Cash flows from operating activities:
Net loss		$ (823,020)	$ (1,126,983)
Adjustments to reconcile net loss to net cash provided (used in) operating activities:
Depreciation and amortization		4,149	3,510
Accretion of debt discount		448,373	567,647
Share based compensation expense		600
Changes in assets and liabilities:
(Increase) decrease in accounts receivable		(15,315)	(20,143)
(Increase) decrease in inventory		(17,322)	(61,777)
(Increase) decrease in other assets		(29,772)	17,009
Increase (decrease) in accounts payable and accrued expenses		22,183	47,682
Increase (decrease) in other liabilities		48,371	(305)
Net Cash (used) by Operating Activities		(361,753)	(573,360)
Cash flows from investing activities:
Purchase of equipment and vehicles		(8,246)	(16,480)
Net Cash (used) by Investing Activities		(8,246)	(16,480)
Cash flows from financing activities:
Proceeds from sale of common stock		600
Proceeds from sale of preferred stock		4,000
Proceeds from convertible promissory notes		233,300	387,500
Net cash provided by Financing Activities		237,900	387,500
INCREASE (DECREASE) IN CASH		(132,099)	(202,340)
Cash and cash equivalents at beginning of period		188,773	227,273
Cash and cash equivalents at end of period		56,674	24,933
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for income taxes
Non-cash operating activities:
Value of common stock issued in exchange for services		600
Conversion of notes payable into shares of common stock	[1]	$ 203,350	$ 467,987
[1]	Conversion of notes payable into 52,136,133 and 773,722 shares, respectively, of common stock

Note 1 - Organization and Going

Note 1 - Organization and Going Concern	9 Months Ended
	Jan. 31, 2018
Notes
Note 1 - Organization and Going Concern	NOTE 1 – ORAGNIZATION AND GOING CONCERN Organization Force Protection Video Equipment Corp., together with its wholly owned subsidiary, Cobraxtreme HD Corp. (collectively, the Company), is in the business of selling video and audio capture devices and accessories to consumers and law enforcement. Force Protection Video Equipment Corp. was incorporated on March 11, 2011, under the laws of the State of Florida. On February 2, 2015 the Company changed its name to Force Protection Video Equipment Corp. Going Concern The Company’s consolidated financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. During the nine months ended January 31, 2018 and year ended April 30, 2017, the Company recognized revenue of $ 139,182 and $ 86,075 , respectively, and a net operating loss of $ 343,738 and $ 770,764 , respectively. As of January 31, 2018, the Company had negative working capital of $ 318,299 and an accumulated deficit of $3,815,263. In view of these conditions, the ability of the Company to continue as a going concern is in doubt and dependent upon achieving a profitable level of operations and on the ability of the Company to obtain necessary financing to fund ongoing operations. Historically, the Company has relied upon funds from the sale of shares of stock, issuance of promissory notes and loans from its shareholders and private investors to finance its operations and growth. Management is planning to raise necessary additional funds for working capital through loans and/or additional sales of its common stock. However, there is no assurance that the Company will be successful in raising additional capital or that such additional funds will be available on acceptable terms, if at all. Should the Company be unable to raise this amount of capital its operating plans will be limited to the amount of capital that it can access. These consolidated financial statements do not give effect to any adjustments which will be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2018
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited consolidated financial statements of Force Protection Video Equipment Corp. as of January 31, 2018, and for the three and nine months ended January 31, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and include the Company’s wholly-owned subsidiary, Cobraxtreme HD Corp. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended April 30, 2017, as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year. Principles of Consolidation These consolidated financial statements have been prepared in accordance with US GAAP and include the accounts of the Company and its wholly owned subsidiary, Cobraxtreme HD Corp. All significant intercompany transactions and balances have been eliminated. Cobraxtreme HD Corp. was incorporated under the laws of the State of North Carolina on September 19, 2017. Estimates The preparation of the Company’s consolidated financial statements requires management to make estimates and use assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. On an on-going basis, the Company evaluates its estimates. Actual results and outcomes may differ materially from these estimates and assumptions. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. Inventory Our inventory is comprised of finished goods and primarily includes cameras and recording equipment. The Company’s inventory is stated at the lower of cost or market and expensed to cost of goods sold upon sale using the average-cost method. The Company also makes prepayments against the future delivery of inventory classified as prepaid inventory. Accounts Receivable Accounts receivable are reported at the customers' outstanding balances. The Company does not have a history of significant bad debt and has not recorded any allowance for doubtful accounts. Interest is not accrued on overdue accounts receivable. The Company evaluates receivables on a regular basis for potential reserve. Property and Equipment Fixed assets are carried at cost, less accumulated depreciation and amortization. Major improvements are capitalized, while repair and maintenance are expensed when incurred. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. Depreciation for financial statement purposes is computed on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Vehicles 5 years Office Equipment 3 - 5 years Furniture & equipment 5 - 7 years Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively. Revenue Recognition The Company recognizes revenue when (a) pervasive evidence of an arrangement exists (b) products are delivered or services have been rendered (c) the sales price is fixed or determinable, and (d) collection is reasonably assured. Marketing and Advertising Costs Marketing and advertising costs are expensed as incurred. T he Company recognized marketing and advertising costs of $150 and $16,979, during the three months ended January 31, 2018 and 2017, respectively, and $60,355 and $85,854 during the nine months ended January 31, 2018 and 2017, respectively. Stock Based Compensation The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. As of January 31, 2018 and April 30, 2017, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents and accounts payable and accrued expenses. The carrying amounts of the Company’s financial instruments approximate fair value because of the short term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect those estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments. Net Income (Loss) Per Share The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The computation of diluted net income per share does not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on earnings per share. Therefore, when calculating EPS, if the Company experienced a loss, there is no inclusion of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore, options and warrants will have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options or warrants (they are in the money). Following is the computation of basic and diluted net loss per share for the three and nine months ended January 31, 2018 and 2017: Three Months Ended Nine Months Ended January 31, January 31, 2018 2017 2018 2017 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (171,565) $ (287,844) $ (823,020) $ (1,126,983) Denominator: Weighted average number of common shares outstanding 32,194,936 813,129 16,007,454 566,217 Basic and diluted EPS $ (0.01) $ (0.35) $ (0.05) $ (1.99) Potentially dilutive securities not included in the calculation of diluted net loss per share attributable to common stockholders because to do so would be anti-dilutive are as follows (in common stock equivalent shares): Convertible promissory notes 297,910,788 405,160 297,910,788 405,160 Concentrations of risk During the three months ended January 31, 2018, two customers accounted for 46.2% (32.7% and 13.5%) of sales. During the three months ended January 31, 2017, two customers accounted for 64.0% (50.1% and 13.9%) of sales. During the nine months ended January 31, 2018, two customers accounted for 39.6% (11.9% and 27.7%) of sales. During the nine months ended January 31, 2017, one customer accounted for 28.7% of sales. The Company relies on third parties for the supply and manufacture of its capture devices, some of which are sole-source suppliers. The Company believes that outsourcing manufacturing enables greater scale and flexibility. As demand and product lines change, the Company periodically evaluates the need and advisability of adding manufacturers to support its operations. In instances where a supply and manufacture agreement does not exist or suppliers fail to perform their obligations, the Company may be unable to find alternative suppliers or satisfactorily deliver its products to its customers on time, if at all. During the three months ended January 31, 2018, two suppliers accounted for 39.9% (27.9% and 12.0%) of our inventory purchases. During the nine months ended January 31, 2018, four suppliers accounted for 64.0% (19.5%, 19.2%, 13.9% and 11.4%) of our inventory purchases. During the three months ended January 31, 2017, three suppliers accounted for 86.3% (60.8%, 15.0% and 10.5%) of our inventory purchases. During the nine months ended January 31, 2017, two suppliers accounted for 82.9% (71.8% and 11.1%) of our inventory purchases. Recent Accounting Pronouncements In July 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718), Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment awards require an entity to apply modification accounting in Topic 718. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. The Company does not expect adoption of ASU 2017-09 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued authoritative guidance under ASU No. 2016-09, “Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting (Topic 718)”, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company does not expect adoption of ASU 2016-09 to have a material impact on its consolidated financial statements. In February 2016, the FASB issued authoritative guidance under ASU 2016-02, Leases (Topic 842). ASU 2016-02 provides new comprehensive lease accounting guidance that supersedes existing lease guidance. Upon adoption of ASU 2016-02, the Company will be required to recognize leases with terms in excess of twelve months on its balance sheet at the beginning of the earliest comparative period presented with a corresponding adjustment to stockholders’ equity (deficit). ASU 2016-02 requires the Company to capitalize most current operating lease obligations as right-of-use assets with a corresponding liability based on the present value of future operating leases. Criteria for distinguishing leases between finance and operating are substantially similar to criteria for distinguishing between capital leases and operating leases in existing lease guidance. The Company is required to adopt this new guidance in the first quarter of fiscal 2020. The Company plans to implement ASU 2016-02 for all new leases. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit further discussion. We believe that none of the new standards will have a significant impact on our consolidated financial statements.

Note 3 - Fixed Assets

Note 3 - Fixed Assets	9 Months Ended
	Jan. 31, 2018
Notes
Note 3 - Fixed Assets	NOTE 3 - Fixed Assets Fixed assets consisted of the following: January 31, 2018 April 30, 2017 Vehicles 15,376 15,376 Furniture and fixtures 10,936 6,212 Computers and office equipment 4,227 2,480 Leasehold improvements 1,775 - Total fixed assets 32,314 24,068 Accumulated depreciation (9,421) (5,272) Total fixed assets $ 22,893 $ 18,796 During the three months ended January 31, 2018 and 2017, the Company recognized $1,432 and $1,286, respectively, in depreciation expense. During the nine months ended January 31, 2018 and 2017, the Company recognized $4,149 and $3,510, respectively, in depreciation expense. During the nine months ended January 31, 2018 and 2017, the Company purchased $8,246 and $16,480, respectively, of leasehold improvements and furniture and fixtures.

Note 4 - Convertible Promissory

Note 4 - Convertible Promissory Notes	9 Months Ended
	Jan. 31, 2018
Notes
Note 4 - Convertible Promissory Notes	NOTE 4 – CONVERTIBLE PROMISSORY NOTES Following is a summary of our outstanding convertible promissory notes as of January 31, 2018: Current Balances Lender Issue Date Maturity Principle Interest Total RDW Capital, LLC Note 3 3/10/2016 9/10/16 $ 792 $ - $ 792 RDW Capital, LLC Note 4 5/13/2016 11/13/16 - 4,540 4,540 RDW Capital, LLC Note 5 5/20/2016 11/20/16 - 2,742 2,742 RDW Capital, LLC Note 6 8/22/2016 2/22/17 - 889 889 RDW Capital, LLC Note 7 9/1/2016 2/1/18 25,701 14,276 39,977 RDW Capital, LLC Note 8 2/6/2017 2/1/18 48,412 4,633 53,045 RDW Capital, LLC Note 9 3/30/2017 2/1/18 78,750 5,559 84,309 RDW Capital, LLC Note 10 4/26/2017 2/1/18 77,338 6,932 84,270 RDW Capital, LLC Note 11 5/30/2017 2/1/18 81,375 4,572 85,947 RDW Capital, LLC Note 12 8/7/2017 2/7/18 52,500 2,106 54,606 Power Up Lending Gp Note 1 10/20/2017 7/30/18 70,000 2,411 72,411 Power Up Lending Gp Note 2 11/16/2017 8/30/18 36,000 911 36,911 Power Up Lending Gp Note 3 1/5/2018 10/10/18 38,000 326 38,326 Totals $ 508,868 $ 49,897 $ 558,765 Debt discount balance (85,426) Balance sheet balances $ 423,442 Following is a summary of our outstanding convertible promissory notes as of April 30, 2017: Current Balances Lender Issue Date Maturity Principle Interest Total RDW Capital, LLC Note 3 3/10/2016 9/10/16 $ 792 $ - $ 792 RDW Capital, LLC Note 4 5/13/2016 11/13/16 - 4,540 4,540 RDW Capital, LLC Note 5 5/20/2016 11/20/16 - 2,742 2,742 RDW Capital, LLC Note 6 8/22/2016 2/22/17 31,674 8,291 39,965 RDW Capital, LLC Note 7 9/1/2016 3/1/17 157,500 8,664 166,164 RDW Capital, LLC Note 8 2/6/2017 8/5/17 48,412 1,477 49,889 RDW Capital, LLC Note 9 3/30/2017 9/29/17 78,750 544 79,294 RDW Capital, LLC Note 10 4/26/2017 10/26/17 110,000 98 110,098 Totals $ 427,128 $ 26,356 $ 453,484 Debt discount balance (286,159) Balance sheet balances $ 140,969 The company determined that each convertible promissory notes conversion feature is indexed to the Company’s stock, which is an input to a fair value measurement of a fixed-for-fixed option on equity shares. Thus, the conversion feature of the notes meets the scope exception under FASB Accounting Standards Codification ("ASC") 815-40-15-7 and treatment under ASC 470-20 – Debt with Conversion and Other Options RDW Capital, LLC On November 12, 2015, the Company entered into a Securities Purchase Agreement (“RDW SPA 1”) with RDW Capital, LLC (“RDW”), a Florida limited liability company. On November 12, 2015, the Company and RDW entered into the First Amended Securities Purchase Agreement. On November 12, 2015, the Company and RDW entered into the Second Amended Securities Purchase Agreement. On February 17, 2016, the Company and RDW entered into the Third Amended Securities Purchase Agreement. On February 17, 2016, the Company and RDW entered into the Fourth Amended Securities Purchase Agreement. On May 9, 2016, the Company and RDW entered into a Securities Purchase Agreement (“RDW SPA 2”). On August 22, 2016, the Company and RDW entered into a Securities Purchase Agreement (“RDW SPA 3”). On September 1, 2016, the Company and RDW entered into a Securities Purchase Agreement (“RDW SPA 4”). On March 31, 2017, the Company and RDW entered into a Securities Purchase Agreement (“RDW SPA 5”). On August 8, 2017, the Company and RDW entered into a Securities Purchase Agreement (“RDW SPA 6”). RDW SPA 1, amendments thereto, RDW SPA 2, RDW SPA 3, RDW SPA 4, RDW SPA 5 and RDW SPA 6 may hereinafter be referred to collectively as, the “ RDW SPAs . RDW Note 3 - In connection with RDW SPA 1 and amendments thereto, on March 10, 2016, the Company issued to RDW a convertible note (“RDW Note 3”) due on September 10, 2016 in the principal amount of $ 210,000 of which the Company received proceeds of $180,000 after payment of a $10,000 OID and due diligence fees totaling $20,000. As of April 30, 2016, RDW Note 3 was paid down to a principal balance of $792. During the three and nine months ended January 31, 2017, the Company recognized $0 and $151,793 of accretion related to the debt discount. RDW Note 4 RDW Note 4 principle was discounted for the value of the OID, legal fees due diligence fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $70,000. As this amount resulted in a total debt discount that was less than RDW Note 4 principal, the full $70,000 discount was recognized. The resulting $92,500 discount was accreted over the 6 month term of RDW Note 4 through November 13, 2016. During the three and nine months ended January 31, 2017, the Company recognized $750 and $4,540, respectively, of interest expense and $6,535 and $92,500, respectively, of accretion related to the debt discount. RDW Note 5 RDW Note 5 principle was discounted for the value of the OID, due diligence fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $35,000. As this amount resulted in a total debt discount that was less than RDW Note 5 principal, the full $35,000 discount was recognized. The resulting $42,500 discount was accreted over the 6 month term of RDW Note 5 through November 20, 2016. During the three and nine months ended January 31, 2017, the Company recognized $775 and $2,742, respectively, of interest expense and $4,620 and $42,500, respectively, of accretion related to the debt discount. RDW Note 6 RDW Note 6 principle was discounted for the value of the OID, legal and due diligence fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $105,000. As this amount resulted in a total debt discount that was less than RDW Note 6 principal, the full $105,000 discount was recognized. The resulting $132,500 discount was accreted over the 6 month term of RDW Note 6 through February 22, 2017. During the three months ended January 31, 2018 and 2017, the Company recognized -$293 and $3,304, respectively, of interest expense. During the nine months ended January 31, 2018 and 2017, the Company recognized -$186 and $5,773, respectively, of interest expense. During the three months ended January 31, 2018 and 2017, the Company recognized $0 and $66,250, respectively, of accretion related to the debt discount. During the nine months ended January 31, 2018 and 2017, the Company recognized $0 and $132,500, respectively, of accretion related to the debt discount. RDW began converting the RDW Note 6 principal into shares of common stock beginning in March 2017. During the three months ended January 31, 2018, RDW converted $7,216 of unpaid interest into 4,340,000 shares. During the nine months ended January 31, 2018, RDW converted $39,183 into 4,919,733 shares. RDW Note 7 RDW Note 7 principle was discounted for the value of the OID, legal and due diligence fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $105,000. As this amount resulted in a total debt discount that was less than RDW Note 7 principal, the full $105,000 discount was recognized. The resulting $132,500 discount was accreted over the 6 month term of RDW Note 7 through March 1, 2017. During the three months ended January 31, 2018 and 2017, the Company recognized $879 and $3,296, respectively, of interest expense. During the nine months ended January 31, 2018 and 2017, the Company recognized $5,612 and $8,664, respectively, of interest expense. During the three and nine months ended January 31, 2017, the Company recognized $67,348 and 111,271, respectively, of accretion related to the debt discount which was fully accreted as of April 30, 2017. RDW began converting the RDW Note 7 principal into shares of common stock beginning in May 2017. During the three and nine months ended January 31, 2018, RDW converted $16,652 into 7,832,000 shares and $131,800 into 24,585,900 shares, respectively. RDW Note 8 RDW Note 8 principle was discounted for the value of the OID, legal and due diligence fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $217,000. As this amount resulted in a total debt discount that exceeded RDW Note 8 principal, the discount recorded for the beneficial conversion feature was limited to the principal amount of RDW Note 8. The resulting $210,000 discount is being accreted over the 6 month term of RDW Note 8 through August 5, 2017. During the three and nine months ended January 31, 2018, the Company recognized $1,073 and $3,155, respectively, of interest expense and $0 and $113,167, respectively, of accretion related to the debt discount. RDW began converting the RDW Note 8 principal into shares of common stock beginning in February 2017 through year end in April 2017. RDW has not converted any of RDW Note 8 during the nine months ended January 31, 2018. RDW Note 9 RDW Note 9 principle was discounted for the value of the OID, fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $72,000. As this amount resulted in a total debt discount that exceeded RDW Note 9 principal, the discount recorded for the beneficial conversion feature was limited to the principal amount of RDW Note 9. The resulting $78,750 discount is being accreted over the 6 month term of RDW Note 9 through September 29, 2017. During the three and nine months ended January 31, 2018, the Company recognized $1,706 and $5,015, respectively, of interest expense and $0 and $65,410, respectively, of accretion related to the debt discount. RDW Note 10 RDW Note 10 principle was discounted for the value of the OID, fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $134,000. As this amount resulted in a total debt discount that exceeded RDW Note 10 principal, the discount recorded for the beneficial conversion feature was limited to the principal amount of RDW Note 10. The resulting $110,000 discount is being accreted over the 6 month term of RDW Note 10 through October 26, 2017. During the three and nine months ended January 31, 2018, the Company recognized $2,240 and $6,835, respectively, of interest expense and $0 and $107,582, respectively, of accretion related to the debt discount. RDW began converting the RDW Note 10 principal into shares of common stock beginning in December 2017. During the three and nine months ended January 31, 2018, RDW converted $32,662 into 22,630,500 shares. RDW Note 11 RDW Note 11 principle was discounted for the value of the OID, fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $102,000. As this amount resulted in a total debt discount that exceeded RDW Note 11 principal, the discount recorded for the beneficial conversion feature was limited to the principal amount of RDW Note 11. The resulting $81,375 discount is being accreted over the 6 month term of RDW Note 11 through November 30, 2017. During the three and nine months ended January 31, 2018, the Company recognized $1,739 and $4,572, respectively, of interest expense and $13,267 and $81,375, respectively, of accretion related to the debt discount. RDW Note 12 RDW Note 12 principle was discounted for the value of the OID, fees and intrinsic value of the beneficial conversion feature. The calculated intrinsic value was $107,283. As this amount resulted in a total debt discount that exceeded RDW Note 12 principal, the discount recorded for the beneficial conversion feature was limited to the principal amount of RDW Note 12. The resulting $52,500 discount is being accreted over the 6 month term of RDW Note 12 through February 7, 2018. During the three and nine months ended January 31, 2018, the Company recognized $1,105 and $2,106, respectively, of interest expense and $26,250 and $50,503, respectively, of accretion related to the debt discount. RDW Note 1 through RDW Note 12 may hereinafter be referred to collectively as, the “ RDW Notes The RDW Notes have the following terms and conditions: · · · · T · · · · · · · · In total, during the three months ended January 31 , 2018 and 2017, the Company recognized $8,449 and $7,175, respectively, of interest expense and $39,517 and $144,753, respectively, of accretion related to the debt discount of the RDW Notes. In total, during the nine months ended January 31, 2018 and 2017, the Company recognized $27,109 and $21,307, respectively, of interest expense and $418,037 and $549,914, respectively, of accretion related to the debt discount of the RDW Notes. In total, during the three months ended January 31, 2018, RDW converted $ 56,529 of RDW Note principal and interest into 34,802,500 shares of common stock . In total, during the nine months ended January 31, 2018, RDW converted $203,350 of RDW Note principal and interest into 52,136,133 shares of common stock . Power Up Lending Group Ltd. Power Up Note 1 – On October 20, 2017 the Company sold and Power Up Lending Group, Ltd. (“Power Up”) purchased a 12% convertible note in the principal amount of $70,000 (the “Power Up Note 1”) of which the Company received $60,300 after payment of legal fees. The Power Up Note 1 matures on July 30, 2018. The intrinsic value of the beneficial conversion feature was computed as the difference between the fair value of the common stock issuable upon conversion of the Power Up Note 1 and the total price to convert based on the effective conversion price on the date of issuance. The calculated intrinsic value was $44,754. This Power Up Note 1 has been discounted by $44,754 which is being accreted over the 10 month term of the Power Up Note 1. During the three and nine months ended January 31, 2018, the Company recognized interest expense of $2,157 and $2,411, respectively, and $17,702 and $19,819, respectively, of debt discount accretion. Power Up Note 2 – On November 16, 2017 the Company sold and Power Up purchased a 12% convertible note in the principal amount of $36,000 (the “Power Up Note 2”) of which the Company received $30,000 after payment of legal fees. The Power Up Note 2 matures on August 30, 2018. The intrinsic value of the beneficial conversion feature was computed as the difference between the fair value of the common stock issuable upon conversion of the Power Up Note 2 and the total price to convert based on the effective conversion price on the date of issuance. The calculated intrinsic value was $23,016. This Power Up Note 2 has been discounted by $44,754 which is being accreted over the 10 month term of the Power Up Note. During the three and nine months ended January 31, 2018, the Company recognized interest expense of $911 and $7,684 of debt discount accretion. Power Up Note 3 – On January 5, 2018 the Company sold and Power Up Lending Group, Ltd. (“Power Up”) purchased a 12% convertible note in the principal amount of $38,000 (the “Power Up Note 3”) of which the Company received $32,000 after payment of legal fees. The Power Up Note 3 matures on October 10, 2018. The intrinsic value of the beneficial conversion feature was computed as the difference between the fair value of the common stock issuable upon conversion of the Power Up Note 3 and the total price to convert based on the effective conversion price on the date of issuance. The calculated intrinsic value was $24,295. This Power Up Note 3 has been discounted by $30,295 which is being accreted over the 10 month term of the Power Up Note. During the three and nine months ended January 31, 2018, the Company recognized interest expense of $326 and $2,833 of debt discount accretion. Power Up Note 1 through Power Up Note 3 may hereinafter be referred to collectively as, the “ Power Up Notes The Power Up Notes have identical terms and conditions, including convertibility into common stock, at Power Up’s option any time during the period beginning on the date which is one hundred eighty (180) days following the date of the Power Up Note, at a price for each share of common stock equal to 61% of the average of the lowest two (2) trading prices during the twenty (20) trading days immediately preceding the applicable conversion. In no event shall Power Up effect a conversion if such conversion results in Power Up beneficially owning in excess of 4.99% of the outstanding common stock of the Company. The Power Up Notes and accrued interest may be prepaid within the 180 day period following the issuance date at an amount equal to 115% - 140% of the outstanding principle and unpaid interest. After expiration of the 180 days, the Power Up Note may not be prepaid. Any principal and interest unpaid when due shall bear interest at 22%. Upon the occurrence of an event of default the balance of principle and interest shall become immediately due at the default amount which is equal to the sum of the unpaid principal and unpaid interest multiplied by 150%.

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	9 Months Ended
	Jan. 31, 2018
Notes
Note 5 - Commitments and Contingencies	NOTE 5 – COMMITMENTS AND CONTINGENCIES Product Warranties Our manufacturer(s) provide the Company with a 2 year warranty. The Company products are sold with a 1 year manufacturer’s warranty. The Company offers a 1 year extended warranty for a fee. The extended warranty expires at the end of the second year from the date of purchase with warranty costs during the two year period being born by the manufacturer. As a result, the Company has no, or limited warranty liability exposure. Operating Leases On November 15, 2017, the Company entered into a lease of office space at 1600 Olive Chapel Road, Apex, North Carolina 27502. The lease expires on November 30, 2020 and includes an option to extend the lease an additional term or three years. Rent is $1,650 per month and is increased each anniversary by 3%. The Company paid a $1,650 security deposit. The Company has adopted ASC 2016-2; Leases (Topic 842). As a result, The Company is required to estimate and record the right of use asset (“ROU Asset”) and lease liability on the face of The Company’s balance sheet. The Company determined the ROU Asset and lease liability to be $51,063 which compares to the total payments of the initial three year term of $61,200. The company determined that there was no discount rate implicit in the lease. Thus, the Company used its incremental borrowing rate of 12% to discount the lease payments in the determination of the ROU asset and lease liability. On March 21, 2015, the Company entered into a lease of office space at 130 Iowa Lane, Suite 102, Carry, North Carolina 27511. During the three months ended January 31, 2018, the Company moved and this lease was terminated with no further obligations The Company has no other noncancelable operating leases. Future minimum lease payments under this operating lease with an initial term in excess of one year as of January 31 , 2018 are as follows: Fiscal Year 2018 $4,950 2019 $20,048 2020 $20,649 2021 $12,253 Thereafter $0 During the three months ended January 31 , 2018 and 2017, rent expense for office space totaled $ 4,192 and $ 3,658 , respectively. During the nine months ended January 31, 2018 and 2017, rent expense for office space totaled $ 11,580 and $ 11,234 , respectively.

Note 6 - Stockholder's Equity

Note 6 - Stockholder's Equity	9 Months Ended
	Jan. 31, 2018
Notes
Note 6 - Stockholder's Equity	NOTE 6 – Stockholder's Equity As of January 31, 2018 and April 30, 2017, there were 54,035,496 and 1,698,494 shares of common stock outstanding, respectively. As of January 31, 2018 and April 30, 2017 there were 5,000,000 and 1,000,000 shares of Series A Preferred Stock outstanding, respectively. On January 19, 2016, we amended our Articles of Incorporation to increase our authorized common stock from 50,000,000 shares to 250,000,000 shares and authorized the creation of 1,000,000 shares of Series A preferred stock with each share being entitled to 200,000 (i.e., 200:1) votes per share and with no right of conversion into shares of common stock. On September 8, 2016, we amended our Articles of Incorporation to increase our authorized common stock from 250,000,000 shares to 750,000,000 shares and to increase our authorized Series A Preferred Stock from 1,000,000 shares to 5,000,000 shares. On March 31, 2017, we amended our Articles of Incorporation to effect a 1:250 reverse stock split which became effective on April 24, 2017. On December 8, 2017, we amended our Articles of Incorporation to increase our authorized common stock from 750,000,000 shares to 2,000,000,000 shares and to increase our authorized Series A Preferred Stock from 5,000,000 shares to 15,000,000 shares. During the nine months ended January 31, 2018 Series A preferred share is entitled to 200,000 (i.e., 200:1) votes per share and carries no right of conversion into shares of common stock. During the year ended April 30, 2017

Note 7 - Subsequent Events

Note 7 - Subsequent Events	9 Months Ended
	Jan. 31, 2018
Notes
Note 7 - Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS Management has reviewed material events subsequent of the quarterly period ended January 31, 2018 Subsequent to January 31, 2018

Note 2 - Summary of Significa13

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements of Force Protection Video Equipment Corp. as of January 31, 2018, and for the three and nine months ended January 31, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States for interim financial reporting and include the Company’s wholly-owned subsidiary, Cobraxtreme HD Corp. Accordingly, they do not include all of the disclosures required by accounting principles generally accepted in the United States for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended April 30, 2017, as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of the interim financial information have been included. The Company did not record an income tax provision during the periods presented due to net taxable losses. The results of operations for any interim period are not necessarily indicative of the results of operations for the entire year.

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Principles of Consolidation	Principles of Consolidation These consolidated financial statements have been prepared in accordance with US GAAP and include the accounts of the Company and its wholly owned subsidiary, Cobraxtreme HD Corp. All significant intercompany transactions and balances have been eliminated. Cobraxtreme HD Corp. was incorporated under the laws of the State of North Carolina on September 19, 2017.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Estimates (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Estimates	Estimates The preparation of the Company’s consolidated financial statements requires management to make estimates and use assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. On an on-going basis, the Company evaluates its estimates. Actual results and outcomes may differ materially from these estimates and assumptions.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Inventory (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Inventory	Inventory Our inventory is comprised of finished goods and primarily includes cameras and recording equipment. The Company’s inventory is stated at the lower of cost or market and expensed to cost of goods sold upon sale using the average-cost method. The Company also makes prepayments against the future delivery of inventory classified as prepaid inventory.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Accounts Receivable (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Accounts Receivable	Accounts Receivable Accounts receivable are reported at the customers' outstanding balances. The Company does not have a history of significant bad debt and has not recorded any allowance for doubtful accounts. Interest is not accrued on overdue accounts receivable. The Company evaluates receivables on a regular basis for potential reserve.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Property and Equipment	Property and Equipment Fixed assets are carried at cost, less accumulated depreciation and amortization. Major improvements are capitalized, while repair and maintenance are expensed when incurred. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. Depreciation for financial statement purposes is computed on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Vehicles 5 years Office Equipment 3 - 5 years Furniture & equipment 5 - 7 years

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credits and loss carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences and carry-forwards are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established when necessary to reduce deferred tax assets to amounts expected to be realized. The Company reports a liability for unrecognized tax benefits resulting from uncertain income tax positions, if any, taken or expected to be taken in an income tax return. Estimated interest and penalties are recorded as a component of interest expense or other expense, respectively.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Revenue Recognition	Revenue Recognition The Company recognizes revenue when (a) pervasive evidence of an arrangement exists (b) products are delivered or services have been rendered (c) the sales price is fixed or determinable, and (d) collection is reasonably assured.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies: Marketing and Advertising Costs (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Marketing and Advertising Costs	Marketing and Advertising Costs Marketing and advertising costs are expensed as incurred. T he Company recognized marketing and advertising costs of $150 and $16,979, during the three months ended January 31, 2018 and 2017, respectively, and $60,355 and $85,854 during the nine months ended January 31, 2018 and 2017, respectively.

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies: Stock Based Compensation (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Stock Based Compensation	Stock Based Compensation The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies: Fair Value Measurements (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. As of January 31, 2018 and April 30, 2017, the Company did not have any assets or liabilities that were required to be measured at fair value on a recurring basis or on a non-recurring basis.

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents and accounts payable and accrued expenses. The carrying amounts of the Company’s financial instruments approximate fair value because of the short term maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect those estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments.

Note 2 - Summary of Significa26

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Net Income (loss) Per Share	Net Income (Loss) Per Share The computation of basic earnings per share (“EPS”) is based on the weighted average number of shares that were outstanding during the period, including shares of common stock that are issuable at the end of the reporting period. The computation of diluted EPS is based on the number of basic weighted-average shares outstanding plus the number of common shares that would be issued assuming the exercise of all potentially dilutive common shares outstanding using the treasury stock method. The computation of diluted net income per share does not assume conversion, exercise or contingent issuance of securities that would have an antidilutive effect on earnings per share. Therefore, when calculating EPS, if the Company experienced a loss, there is no inclusion of dilutive securities as their inclusion in the EPS calculation is antidilutive. Furthermore, options and warrants will have a dilutive effect under the treasury stock method only when the average market price of the common stock during the period exceeds the exercise price of the options or warrants (they are in the money). Following is the computation of basic and diluted net loss per share for the three and nine months ended January 31, 2018 and 2017: Three Months Ended Nine Months Ended January 31, January 31, 2018 2017 2018 2017 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (171,565) $ (287,844) $ (823,020) $ (1,126,983) Denominator: Weighted average number of common shares outstanding 32,194,936 813,129 16,007,454 566,217 Basic and diluted EPS $ (0.01) $ (0.35) $ (0.05) $ (1.99) Potentially dilutive securities not included in the calculation of diluted net loss per share attributable to common stockholders because to do so would be anti-dilutive are as follows (in common stock equivalent shares): Convertible promissory notes 297,910,788 405,160 297,910,788 405,160

Note 2 - Summary of Significa27

Note 2 - Summary of Significant Accounting Policies: Concentrations of Risk (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Concentrations of Risk	Concentrations of risk During the three months ended January 31, 2018, two customers accounted for 46.2% (32.7% and 13.5%) of sales. During the three months ended January 31, 2017, two customers accounted for 64.0% (50.1% and 13.9%) of sales. During the nine months ended January 31, 2018, two customers accounted for 39.6% (11.9% and 27.7%) of sales. During the nine months ended January 31, 2017, one customer accounted for 28.7% of sales. The Company relies on third parties for the supply and manufacture of its capture devices, some of which are sole-source suppliers. The Company believes that outsourcing manufacturing enables greater scale and flexibility. As demand and product lines change, the Company periodically evaluates the need and advisability of adding manufacturers to support its operations. In instances where a supply and manufacture agreement does not exist or suppliers fail to perform their obligations, the Company may be unable to find alternative suppliers or satisfactorily deliver its products to its customers on time, if at all. During the three months ended January 31, 2018, two suppliers accounted for 39.9% (27.9% and 12.0%) of our inventory purchases. During the nine months ended January 31, 2018, four suppliers accounted for 64.0% (19.5%, 19.2%, 13.9% and 11.4%) of our inventory purchases. During the three months ended January 31, 2017, three suppliers accounted for 86.3% (60.8%, 15.0% and 10.5%) of our inventory purchases. During the nine months ended January 31, 2017, two suppliers accounted for 82.9% (71.8% and 11.1%) of our inventory purchases.

Note 2 - Summary of Significa28

Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jan. 31, 2018
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In July 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718), Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment awards require an entity to apply modification accounting in Topic 718. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for public business entities for reporting periods for which financial statements have not yet been issued. The Company does not expect adoption of ASU 2017-09 to have a material impact on its consolidated financial statements. In March 2016, the FASB issued authoritative guidance under ASU No. 2016-09, “Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting (Topic 718)”, which is intended to simplify several aspects of the accounting for share-based payment award transactions. The guidance will be effective for the fiscal year beginning after December 15, 2016, including interim periods within that year. The Company does not expect adoption of ASU 2016-09 to have a material impact on its consolidated financial statements. In February 2016, the FASB issued authoritative guidance under ASU 2016-02, Leases (Topic 842). ASU 2016-02 provides new comprehensive lease accounting guidance that supersedes existing lease guidance. Upon adoption of ASU 2016-02, the Company will be required to recognize leases with terms in excess of twelve months on its balance sheet at the beginning of the earliest comparative period presented with a corresponding adjustment to stockholders’ equity (deficit). ASU 2016-02 requires the Company to capitalize most current operating lease obligations as right-of-use assets with a corresponding liability based on the present value of future operating leases. Criteria for distinguishing leases between finance and operating are substantially similar to criteria for distinguishing between capital leases and operating leases in existing lease guidance. The Company is required to adopt this new guidance in the first quarter of fiscal 2020. The Company plans to implement ASU 2016-02 for all new leases. We review new accounting standards as issued. Although some of these accounting standards issued or effective after the end of our previous fiscal year may be applicable to us, we have not identified any standards that we believe merit further discussion. We believe that none of the new standards will have a significant impact on our consolidated financial statements.

Note 2 - Summary of Significa29

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	9 Months Ended
	Jan. 31, 2018
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Nine Months Ended January 31, January 31, 2018 2017 2018 2017 Basic and Diluted EPS Computation Numerator: Loss available to common stockholders' $ (171,565) $ (287,844) $ (823,020) $ (1,126,983) Denominator: Weighted average number of common shares outstanding 32,194,936 813,129 16,007,454 566,217 Basic and diluted EPS $ (0.01) $ (0.35) $ (0.05) $ (1.99) Potentially dilutive securities not included in the calculation of diluted net loss per share attributable to common stockholders because to do so would be anti-dilutive are as follows (in common stock equivalent shares): Convertible promissory notes 297,910,788 405,160 297,910,788 405,160

Note 3 - Fixed Assets_ Property

Note 3 - Fixed Assets: Property, Plant and Equipment (Tables)	9 Months Ended
	Jan. 31, 2018
Tables/Schedules
Property, Plant and Equipment	January 31, 2018 April 30, 2017 Vehicles 15,376 15,376 Furniture and fixtures 10,936 6,212 Computers and office equipment 4,227 2,480 Leasehold improvements 1,775 - Total fixed assets 32,314 24,068 Accumulated depreciation (9,421) (5,272) Total fixed assets $ 22,893 $ 18,796

Note 4 - Convertible Promisso31

Note 4 - Convertible Promissory Notes: Convertible Debt (Tables)	9 Months Ended
	Jan. 31, 2018
Tables/Schedules
Convertible Debt	Current Balances Lender Issue Date Maturity Principle Interest Total RDW Capital, LLC Note 3 3/10/2016 9/10/16 $ 792 $ - $ 792 RDW Capital, LLC Note 4 5/13/2016 11/13/16 - 4,540 4,540 RDW Capital, LLC Note 5 5/20/2016 11/20/16 - 2,742 2,742 RDW Capital, LLC Note 6 8/22/2016 2/22/17 - 889 889 RDW Capital, LLC Note 7 9/1/2016 2/1/18 25,701 14,276 39,977 RDW Capital, LLC Note 8 2/6/2017 2/1/18 48,412 4,633 53,045 RDW Capital, LLC Note 9 3/30/2017 2/1/18 78,750 5,559 84,309 RDW Capital, LLC Note 10 4/26/2017 2/1/18 77,338 6,932 84,270 RDW Capital, LLC Note 11 5/30/2017 2/1/18 81,375 4,572 85,947 RDW Capital, LLC Note 12 8/7/2017 2/7/18 52,500 2,106 54,606 Power Up Lending Gp Note 1 10/20/2017 7/30/18 70,000 2,411 72,411 Power Up Lending Gp Note 2 11/16/2017 8/30/18 36,000 911 36,911 Power Up Lending Gp Note 3 1/5/2018 10/10/18 38,000 326 38,326 Totals $ 508,868 $ 49,897 $ 558,765 Debt discount balance (85,426) Balance sheet balances $ 423,442 Following is a summary of our outstanding convertible promissory notes as of April 30, 2017: Current Balances Lender Issue Date Maturity Principle Interest Total RDW Capital, LLC Note 3 3/10/2016 9/10/16 $ 792 $ - $ 792 RDW Capital, LLC Note 4 5/13/2016 11/13/16 - 4,540 4,540 RDW Capital, LLC Note 5 5/20/2016 11/20/16 - 2,742 2,742 RDW Capital, LLC Note 6 8/22/2016 2/22/17 31,674 8,291 39,965 RDW Capital, LLC Note 7 9/1/2016 3/1/17 157,500 8,664 166,164 RDW Capital, LLC Note 8 2/6/2017 8/5/17 48,412 1,477 49,889 RDW Capital, LLC Note 9 3/30/2017 9/29/17 78,750 544 79,294 RDW Capital, LLC Note 10 4/26/2017 10/26/17 110,000 98 110,098 Totals $ 427,128 $ 26,356 $ 453,484 Debt discount balance (286,159) Balance sheet balances $ 140,969

Note 1 - Organization and Goi32

Note 1 - Organization and Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017	Apr. 30, 2017
Details
Net revenue	$ 50,669	$ 44,489	$ 139,182	$ 77,666	$ 86,075
Operating Income (Loss)			343,738		$ 770,764
Working Capital Deficit	$ 318,299		$ 318,299

Note 2 - Summary of Significa33

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Net loss	$ (171,565)	$ (287,844)	$ (823,020)	$ (1,126,983)
Weighted Average Common Shares Outstanding Basic and Diluted	32,194,936	813,129	16,007,454	566,217
Net (Loss) Per Common Share- Basic and Diluted	$ (0.01)	$ (0.35)	$ (0.05)	$ (1.99)
Basic and Diluted EPS Computation
Net loss	$ (171,565)	$ (287,844)	$ (823,020)	$ (1,126,983)
Weighted Average Common Shares Outstanding Basic and Diluted	32,194,936	813,129	16,007,454	566,217
Net (Loss) Per Common Share- Basic and Diluted	$ (0.01)	$ (0.35)	$ (0.05)	$ (1.99)

Note 3 - Fixed Assets_ Proper34

Note 3 - Fixed Assets: Property, Plant and Equipment (Details) - USD ($)	Jan. 31, 2018	Apr. 30, 2017
Details
Public Utilities, Property, Plant and Equipment, Vehicles	$ 15,376	$ 15,376
Furniture and Fixtures, Gross	10,936	6,212
Property, Plant and Equipment, Other, Gross	4,227	2,480
Leasehold Improvements, Gross	1,775
Other Assets, Noncurrent	32,314	24,068
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(9,421)	(5,272)
Other Assets, Miscellaneous	$ 22,893	$ 18,796

Note 4 - Convertible Promisso35

Note 4 - Convertible Promissory Notes (Details) - USD ($)	Aug. 07, 2017	May 30, 2017	Apr. 26, 2017	Mar. 30, 2017	Feb. 06, 2017	Nov. 20, 2016	Nov. 13, 2016	Sep. 10, 2016	Sep. 01, 2016	Aug. 22, 2016
RDW Capital, LLC
Convertible Note- Principal Amount	$ 52,500	$ 81,375	$ 110,000	$ 78,750	$ 210,000	$ 52,500	$ 105,000	$ 210,000	$ 157,500	$ 157,500

Note 5 - Commitments and Cont36

Note 5 - Commitments and Contingencies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Details
Operating Leases, Rent Expense	$ 4,192	$ 3,658	$ 11,580	$ 11,234

Note 6 - Stockholder's Equity (

Note 6 - Stockholder's Equity (Details) - shares	Jan. 31, 2018	Apr. 30, 2017	Jan. 19, 2016
Details
Common Stock, Shares Outstanding	54,035,496	1,698,494
Preferred Stock, Shares Outstanding	5,000,000	1,000,000
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000	250,000,000
Preferred Stock, Shares Issued	5,000,000	1,000,000	1,000,000