Defense Technologies International (DTII) 10-Q 12 Sep 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2018	Sep. 12, 2018
Entity Registrant Name	DEFENSE TECHNOLOGIES INTERNATIONAL CORP.
Document Type	10-Q
Document Period End Date	Jul. 31, 2018
Trading Symbol	dtii
Amendment Flag	false
Entity Central Index Key	1,533,357
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	May 27, 1998
Common Class A
Entity Common Stock, Shares Outstanding		1,657,820
Series A Preferred Stock
Entity Common Stock, Shares Outstanding		3,277,369
Series B Preferred Stock
Entity Common Stock, Shares Outstanding		520,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Current assets:
Cash	$ 120,183	$ 8
Inventory	2,787
Total current assets	122,970	8
Investments	378,600	378,600
Total assets	501,570	378,608
Current liabilities:
Accounts payable	219,607	352,162
Accrued licenses agreement payable	8,800	6,300
Accrued interest and fees payable	120,576	155,896
Accrued interest payable - related parties		21,383
Convertible notes payable, net of discount	749,840	816,526
Derivative liabilities	996,758	3,248,160
Payables - related parties	575,132	437,968
Notes payable	414,226	25,000
Total current liabilities	3,084,939	5,063,395
Total liabilities	3,084,939	5,063,395
Commitments and Contingencies
Stockholders' deficit:
Common stock, $0.0001 par value; 200,000,000 shares authorized, 1,507,820, net of treasury and 1,283,758 shares issued and outstanding, respectively	151	128
Additional paid-in capital	5,115,866	5,076,110
Accumulated deficit	(7,678,075)	(9,745,809)
Total	(2,561,678)	(4,669,571)
Non-controlling interest	(21,691)	(15,596)
Total stockholders' deficit	(2,583,369)	(4,684,787)
Total liabilities and stockholders' deficit	501,570	378,608
Series A Preferred Stock
Stockholders' deficit:
Preferred Stock	328	328
Series B Preferred Stock
Stockholders' deficit:
Preferred Stock	$ 52	$ 52

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Jul. 31, 2018	Apr. 30, 2018
Convertible Preferred stock par value	$ 0.0001
Convertible Preferred shares authorized	20,000,000
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	200,000,000	200,000,000
Common stock shares issued	1,507,820	1,283,758
Common stock shares outstanding	1,507,820	1,283,758
Series A Preferred Stock
Convertible Preferred stock par value	$ 0.0001	$ 0.0001
Convertible Preferred shares authorized	20,000,000	20,000,000
Convertible Preferred shares issued	3,277,369	3,277,369
Convertible Preferred shares outstanding	3,277,369	3,277,369
Series B Preferred Stock
Convertible Preferred stock par value	$ 0.0001	$ 0.0001
Convertible Preferred shares authorized	20,000,000	20,000,000
Convertible Preferred shares issued	520,000	520,000
Convertible Preferred shares outstanding	520,000	520,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Expenses:
General and administrative	$ 168,750	$ 156,443
Total expenses	160,750	156,443
Loss from operations	(168,750)	(156,443)
Other income (expense):
Interest expense	(18,661)	(145,589)
Gain (loss) on derivative liability	2,251,402	219,013
Gain (loss) on notes	(2,352)
Total other income (expense)	2,230,389	73,424
Income (loss) before income taxes	2,061,639	(83,019)
Provision for income taxes
Net income (loss) before non-controlling interest	2,061,639	(83,019)
Non- controlling interest in net loss of the consolidated subsidiary	(6,095)
Net income (loss) attributed to the Company	$ 2,067,734	$ (83,019)
Net loss per common share:
Net loss per common share: Basic	$ 1.56	$ (0.64)
Net loss per common share: Diluted	$ 0.51	$ (0.64)
Weighted average common shares outstanding:
Weighted average common shares outstanding: Basic	1,318,837	128,281
Weighted average common shares outstanding: Diluted	4,017,317	128,281

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities:
Net income (loss) before non-controlling interest	$ 2,061,639	$ (83,019)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Common shares issued for services		28,000
Amortization of debt discount to interest expense		115,050
(Gain) loss on derivative liability	(2,251,402)	(219,013)
Loss on note	8,093
Change in operating assets and liabilities:
(Increase) decrease in inventory	(2,787)
Increase (decrease) in accounts payable	(51,149)	(50,500)
Increase in payables - related parties	115,781	113,760
Net cash provided by (used in) operating activities	(119,825)	(95,722)
Cash flows from financing activities:
Repayment of convertible notes payable	(35,000)	96,500
Proceeds from notes payable	275,000
Net cash provided by (used in) financing activities	240,000	96,500
Net increase (decrease) in cash	120,175	778
Cash at beginning of period	8	193
Cash at end of period	120,183	971
Supplement Disclosures
Interest Paid	0	0
Income tax Paid	0	0
Noncash financing and investing activities
Common stock issued for convertible debt	39,779	13,890
Note payable issued for accounts payable	$ 114,226
Preferred shares issued for conversion of debt		190,383
Common stock retired to treasury		1,178
Derivative liability on debt conversion		$ 121,779

1. Nature of Operations and Con

1. Nature of Operations and Continuation of Business	3 Months Ended
	Jul. 31, 2018
Notes
1. Nature of Operations and Continuation of Business	NOTE - 1: BASIS OF PRESENTATION AND ORGANIZATION Defense Technologies International Corp. (the "Company") was incorporated in the State of Delaware on May 27, 1998. Effective June 15, 2016, the Company changed its name to Defense Technologies International Corp. from Canyon Gold Corp. to more fully represent the Company's expansion goals into the advanced technology sector. On October 19, 2016, the Company entered into a Definitive Agreement with Controlled Capture Systems, LLC (“CCS”), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement. Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements. The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement. Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company. The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company. The Company currently owns 79.8% of PSSI with 20.2% acquired by several individuals and entities. The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI. On January 19, 2018 the Board of Directors, with the approval of a majority of the shareholders, passed a resolution to effect a reverse split of the Company’s outstanding common stock on a 1 share for 1,500 shares (1:1500) basis. The split became effective with FINRA on March 20, 2018, or as soon thereafter as practicable. The number of shares in the financials are reflective of the reverse split. Basis of Presentation These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s fiscal year end is April 30. The interim condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2018 included in its Annual Report on Form 10-K filed with the SEC. The interim condensed consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of July 31, 2018, the consolidated results of its operations and its consolidated cash flows for the three months ended July 31, 2018 and 2017. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year. Consolidation and Non-Controlling Interest These consolidated financial statements include the accounts of the Company, and its majority-owned subsidiary, PSSI, from its formation on January 12, 2017 to date. All inter-company transactions and balances have been eliminated. Inventory Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of July 31, 2018 consist of parts used in assembly of the units being sold with no work in progress or finished goods. As of July 31, 2018 and 2017 the value of the inventory was $2,787 and zero, respectively. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Impairment of Long-Lived Assets We continually monitor events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. As of July 31, 2018 and April 30, 2018 no impairment of asset was necessary. Net Income (Loss) per Common Share Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of July 31, 2018, the Company had potential shares issuable under outstanding options, warrants and convertible debt of 2,696,480 shares. With the income in operations for the three-month period ended July 31, 2018, the additional shares were determined to be dilutive and were used in the calculation of net income per share on a diluted basis. Reclassifications Certain amounts in the 2017 consolidated financial statements have been reclassified to conform with the current year presentation to effect a reverse split of the Company’s outstanding common stock on a 1 share for 1,500 shares (1:1500) basis. Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement.

2. Going Concern

2. Going Concern	3 Months Ended
	Jul. 31, 2018
Notes
2. Going Concern	NOTE- 2: GOING CONCERN These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern. Through July 31, 2018, the Company has no revenues, has accumulated deficit of $7,678,075 and a working capital deficit of $2,961,969 and expects to incur further losses in the development of its business., The Company has not yet established an ongoing source of revenue sufficient to cover operating costs, which raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustment that might result from the outcome of this uncertainty. Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2019 by issuing debt and equity securities and by the continued support of its related parties. The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

3. Investments

3. Investments	3 Months Ended
	Jul. 31, 2018
Notes
3. Investments	NOTE – 3: INVESTMENTS Effective January 12, 2017, Passive Security Scan, Inc. ("PSSI") was incorporated in the state of Utah as subsidiary controlled by the Company. The Company transferred to PSSI its exclusive world-wide license to the defense, detection and protection security products previously acquired by the Company for 17,500 shares of PSSI valued at $378,600 for 79.8% of PSSI. The balance of PSSI was acquired by four individuals and entities. The Company plans to continue the development of the technology and conduct all sales and marketing activities in PSSI.

4. Related Party Transactions

4. Related Party Transactions	3 Months Ended
	Jul. 31, 2018
Notes
4. Related Party Transactions	NOTE -4: RELATED PARTY TRANSACTIONS Management and administrative services are currently compensated as per a Service Agreement between the Company and its Chief Executive Officer and Director executed on April 25, 2016 and a Service Agreement with the subsidiary PSSI executed on January 12, 2017, a Service Agreement between the Company and a Director executed on May 20, 2016, and an Administration Agreement with a related party executed on March 15, 2011 and renewed on May 1, 2017 plus the assumption of a Service Agreement with the subsidiary PSSI assumed on January 12, 2017, whereby the fee is based on services provided and invoiced by the related parties on a monthly basis and the fees are paid in cash when possible or with common stock. The Company also, from time to time, has some of its expenses paid by related parties with the intent to repay. These types of transactions, when incurred, result in payables to related parties in the Company’s consolidated financial statements as a necessary part of funding the Company’s operations. As of July 31, 2018, and April 30, 2017, the Company had payable balances due to related parties totaling $575,132 and $437,968, respectively, which resulted from transactions with these related parties and other significant shareholders.

5_ Notes Payable

5: Notes Payable	3 Months Ended
	Jul. 31, 2018
Notes
5: Notes Payable	NOTE – 5: NOTES PAYABLE On July 6, 2018 the Company signed an investment agreement with a third party. Under the terms of the agreement the Company receive $250,000 through the Company attorney’s trust account. On July 12, 2018 the Company received the $250,000 less wire and legal payment of $10,045. In addition the note holder will receive a royalty of 5% up to $250,000 and then a royalty of 3.5% for two years thereafter. The note holder will receive 150,000 shares of the Company’s common stock plus 100,000 warrants to purchase common shares within three years at $2.50 per share.

6_ Convertible Debt

6: Convertible Debt	3 Months Ended
	Jul. 31, 2018
Notes
6: Convertible Debt	NOTE – 6: CONVERTIBLE DEBT On May 25, 2017, the Company entered into a Convertible Promissory Note with an institutional investor for $56,500, with net proceeds to the Company of $52,000. The note bears interest at an annual rate of 2%, matures on May 25, 2018 and is convertible into common shares of the Company after twelve months at a variable conversion price equal to 55% multiplied by the lowest one-day trading price of the Company’s common stock during the twenty trading days prior to the conversion date. At the inception of the convertible note, the Company paid debt issuance costs of $4,500, recorded a debt discount of $47,500 and a loss on note issuance of $50,959. Interest expense for the amortization of the debt discount was calculated on a straight-line basis over the life of the convertible note. On July 17, 2017, the Company entered into a Convertible Promissory Note amendment with an institutional investor for $ $25,000. The note bears interest at an annual rate of 15%, as part of the note that is in default. The note is convertible into common shares of the Company at a variable conversion price equal to 60% multiplied by the lowest one-day trading price of the Company’s common stock during the twenty one trading days prior to the conversion date. At the inception of the convertible note, the recorded a debt discount of $22,920. On July 24, 2017, the Company entered into a Convertible Promissory Note with an institutional investor for $15,000. The note bears interest at an annual rate of 2%, matured on May 25, 2018 and is convertible into common shares of the Company after twelve months at a variable conversion price equal to 55% multiplied by the lowest one-day trading price of the Company’s common stock during the twenty trading days prior to the conversion date. At the inception of the convertible note, the Company recorded a debt discount of $15,000and a loss on note issuance of $11,717. Interest expense for the amortization of the debt discount was calculated on a straight-line basis over the life of the convertible note. On July 24, 2017, the Company entered into a Funding Agreement with RAB Investments AG, a current lender and stockholder located in Zug, Switzerland, which was intended to provide necessary funding towards the initial production of our Offender Alert Passive Scan. The Funding Agreement calls for RAB to fund a minimum of $50,000 to a maximum of $150,000 on a “best efforts basis,” with a first tranche of $25,000 completed during August 2017. In exchange for the funds, DTIC will issue convertible notes that may be converted into common stock of the Company at a discount of 25%, based on the 10-day average trading value of Company shares at the time of the initial conversion. The notes may be converted at any time, in whole or partially, but all conversions must be at the same rate as the initial conversion. No funding has been provided as of the date of this filing and there is no assurance that funds will be provided. Pursuant to a Securities Purchase Agreement dated July 18, 2016 (the "July 2016 SPA", the Company entered into a Senior Secured Convertible Promissory Note (the "July 2016 Note") with Firstfire Global Opportunities Fund, LLC ("Firstfire) for $189,000. The July 2016 Note was in default with respect to the maturity date, and the Company was in default on certain terms of the July 2016 SPA, including calculation of exercise prices on Firstfire debt conversions and limitations on the Company entering into subsequent "Variable Rate Transactions." On August 9, 2017, the Company and Firstfire entered into a Waiver and Settlement Agreement whereby the Company will issue an additional 8,667 shares of its common stock to Firstfire to cure the deficiency of shares previously issued in the debt conversions. Further, Firstfire agreed to waive any default with respect to the subsequent variable rate transactions. As of July 31, 2018 the shares had not been issued. On May 22, 2018 the Company signed an agreement with an investor for a loan of $25,000. The note is convertible 180 days after the date of the note to shares of the Company’s common stock at $0.75 per share or a 25% discount to the 10 day trading average prior to conversion; whichever is lower. The total amount of the loan must be converted on the date of conversion. The note has an annual interest rate of 6%. On July 10, 2018 RAB agreed to buy the outstanding convertible debt from Jabro Funds for $35,000. The Company as part of the agreement paid Jabro Funds the $35,000 for the debt and considered it retired and paid in full. During the three months ended July 31, 2018, the Company issued a total of 224,062 shares of its common stock in the conversion of $39,778 in convertible notes principal , accrued interest payable and fees. As of July 31, 2018, and April 30, 2018, the convertible debt outstanding, net of discount, was $749,840 and $816,526, respectively.

6. Fair Value Measurements and

6. Fair Value Measurements and Derivative Liabilities	3 Months Ended
	Jul. 31, 2018
Notes
6. Fair Value Measurements and Derivative Liabilities	NOTE – 7: FAIR VALUE MEASUREMENTS AND DERIVATIVE LIABILITIES As defined in (Financial Accounting Standards Board ASC 820), fair value is 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 (exit price). The Company utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure 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 measurement). The three levels of the fair value hierarchy are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 - Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date and includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. As of July 31, 2018, the Company believes the amounts reported for cash, payables, accrued liabilities and amounts due to related parties approximate their fair values due to the nature or duration of these instruments. The following table represents the change in the fair value of the derivative liabilities during the year ended July 31, 2018: Level 1 Level 2 Level 3 Fair value of derivative liability as of April 30, 2018 $ -- $ -- $ 3,248,160 Debt discount related to new debt -- -- -- Day one measurement of new debt -- -- -- Change in fair value of the derivative -- -- (2,251,402) Conversion of debt to shares of common stock and repayment of debt -- -- -- Balance at July 31, 2018 $ -- $ -- 996,758 The estimated fair value of the derivative liabilities at July 31, 2018 was calculated using the Binomial Lattice pricing model with the following assumptions: Risk-free interest rate 0.125% Expected life in years 0.25 Dividend yield 0% Expected volatility 407.00%

8. Equity

8. Equity	3 Months Ended
	Jul. 31, 2018
Notes
8. Equity	NOTE – 8: EQUITY Common Stock Effective July 5, 2017, EMAC returned 7,850 common shares of the Company that were previously issued in payment for certain mineral lease properties in Nevada. In June 2017, the Company entered into a ninety-day Business Consulting Agreement with Mark Taggatz (“Taggatz”) for the development and commercialization of the Company’s progressive scan technology. The Company is to pay Taggatz fees totaling $37,500, payable in common stock of the Company. The Company issued 9,333 shares of its common stock in July 2017 for payment of $28,000 of this obligation. During the three month period ended July 31, 2018, the Company issued 224,062 shares of its common stock in the conversion of debt of $39,778. Preferred Stock The Company has 20,000,000 shares of $0.0001 par value preferred stock authorized and has designated Series A and Series B preferred stock. Each share of the Series A preferred stock is convertible into ten common shares and carries voting rights on the basis of 100 votes per share. Each share of the Series B preferred stock is convertible into ten common shares and carries no voting rights. Effective June 12, 2017, the Company issued 1,309,380 shares of Series A preferred stock to EMAC for consideration totaling $130,938: convertible note payable of $25,000; three notes payable totaling $34,426; accrued interest payable of $18,718; payables – related parties of $22,794 and prepayment of services of $30,000 for the months of May 2017 through January2017. The accrued interest payable included interest on the $25,000 convertible note payable compounded at 6% per annum retroactive to January 1, 2012, as negotiated between the parties. Effective June 12, 2017, the Company issued 442,444 shares of Series A preferred stock to a related party lender in payment of Company indebtedness totaling $44,244: convertible note payable of $32,050; accrued interest payable of $4,694 and repayment of accounts payable of $7,500. Effective June 12, 2017, the Company issued 152,000 shares of Series A preferred stock to a related party in repayment of accrued services of $15,200. Effective December 14, 2017, the Company issued 20,000 shares of Series B preferred stock to Controlled Capture Systems, LLC to extend the exclusive rights to the Passive Security Scan to March 15, 2018. As of July 31, 2018 the Company had 3,277,369 Series A and 520,000 Series B preferred share issued and outstanding.

9. Stock Options and Warrants

9. Stock Options and Warrants	3 Months Ended
	Jul. 31, 2018
Notes
9. Stock Options and Warrants	NOTE – 9: STOCK OPTIONS AND WARRANTS On April 30, 2016, the Company issued options to a consultant to purchase a total of 667 shares of the Company’s common stock. The options vested upon grant, expired on May 31, 2018 In January, 2016, the Company issued warrants to a lender to purchase 167 shares of the Company’s common stock at an exercise price of $900 per share. The warrants vested upon grant and expired on July 17, 2018 A summary of the Company’s stock options and warrants as of July 31, 2018, and changes during the three months then ended is as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at April 30, 2018 833 $ 1.50 .06 $ 83 Granted -- $ -- Exercised - $ - Forfeited or expired (833) $ - Outstanding and exercisable at July 31, 2018 -- $ -- -- $ --

10. Contingencies and Commitmen

10. Contingencies and Commitments	3 Months Ended
	Jul. 31, 2018
Notes
10. Contingencies and Commitments	NOTE – 10: COMMITMENTS AND CONTINGENCIES The Company has the following material commitments as of July 31, 2018: a) Administration Agreement with EMAC Handel’s AG, renewed effective May 1, 2017 for a period of three years. Monthly fee for administration services of $5,000 , office rent of $250 and office supplies of $125 . Extraordinary expenses are invoiced by EMAC on a quarterly basis. The fee may be paid in cash and or with common stock. b) Service Agreement signed April 25, 2016 with Merrill W. Moses, President, Director and CEO, for services of $7,500 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company. The fees may be paid in cash and or with common stock. c) Service Agreement signed May 20, 2016 with Charles C. Hooper, Director, for services of $5,000 per month beginning May 2016 and the issuance of 233 restricted common shares of the Company. The fees may be paid in cash and or with common stock. d) Administration and Management Agreement of PSSI signed January 12, 2017 with RAB Investments AG, for general fees of $5,000 per month, office rent of $250 and telephone of $125 beginning January 2017, the issuance of 2,000 common shares of PSSI and a 12% royalty calculated on defines sales revenues payable within 10 days after the monthly sales. On January 12, 2017 the agreement was cancelled with RAB and assigned to EMAC Handel e) Service Agreement of PSSI signed January 12, 2017 with Merrill W. Moses, President, Director and CEO, for services of $2,500 per month beginning February 2017 and the issuance of 333 common shares of PSSI. f) Business Development and Consulting Agreement of PSSI signed January 15, 2017 with WSMG Advisors, Inc., for finder’s fees of 10% of funding raised for PSSI and the issuance of 1,000 common shares of PSSI. On May 30, 2018 the Company and Control Capture Systems, LLC amended their license agreement as follows Royalty payments of 5% of gross sale from the license agreement will be calculated and paid quarterly with a minimum of $12,500 paid each quarter. All payment will be in US dollars or stock of the Company and or its subsidiary. The value of the stock will be a discount to market of 25% of the average trading price for the 10 days prior to conversion. The number of shares received by Control Capture prior to any reverse split are anti-dilutive. Invoices for parts and materials will be billed separate of the license fees noted above.

11_ Subsequent Events

11: Subsequent Events	3 Months Ended
	Jul. 31, 2018
Notes
11: Subsequent Events	NOTE 11: SUBSEQUENT EVENTS On August 15, 2018 the Company issued 150,000 shares of common stock to Michele Hillbery per the definitive agreement with the Company dated July 6, 2018. On August 29, 2018 the Company entered into a settlement agreement with Firstfire Global Opportunity Fund where the Company will pay Firstfire $250,000 plus $50,000 in common stock to settle all the debt owed Firstfire by the Company. Under terms of the agreement the Company will pay $125,000 upon receipt of initial funding and $125,000 within 90 days after the initial payment. On December 1, 2018 the Company will issue the $50,000 in stock with the number of shares being based on the lessor of $1.00 per share or a 25% discount of the average closing share price during the 10 trading days prior to the issuance of the shares. If funding is not secured the funding for the second payment within 90 days of the initial payment the present note due Firstfire will remain in place less the $125,000 paid by the Company. The initial payment of $125,000 was made on September 6, 2018. On August 31, 2018 the company entered into a debentures purchase agreement whereas the Company may issue debentures to up to $275,000 in value various subscribers that are convertible into common shares of the Company. In addition to the debentures, the subscribers will receive 100,000 warrants with a conversion price of $0.70 per share of common stock On September 5, 2018 the Company entered into a settlement agreement with Crown Bridge Partners LLC where the Company will pay Crown Bridge $100,000 to settle all the debt owed Crown Bridge by the Company. Under terms of the agreement the Company will pay $30,000 upon receipt of initial funding and $70,000 within 90 days after the initial payment. If funding is not secured the funding for the second payment within 90 days of the initial payment the present note due Crown Bridge will remain in place less the $30,000 paid by the Company. The initial payment of $30,000 was made on September 6, 2018. The Company has evaluated subsequent events to determine events occurring after July 31, 2018 through September 12, 2018 that would have a material impact on the Company’s financial results or require disclosure and have determined none exist other than those noted above in this footnote.

1. Nature of Operations and C17

1. Nature of Operations and Continuation of Business: Consolidation and Non-Controlling Interest (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Consolidation and Non-Controlling Interest	Consolidation and Non-Controlling Interest These consolidated financial statements include the accounts of the Company, and its majority-owned subsidiary, PSSI, from its formation on January 12, 2017 to date. All inter-company transactions and balances have been eliminated.

1. Nature of Operations and C18

1. Nature of Operations and Continuation of Business: Inventory (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Inventory	Inventory Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of July 31, 2018 consist of parts used in assembly of the units being sold with no work in progress or finished goods. As of July 31, 2018 and 2017 the value of the inventory was $2,787 and zero, respectively.

1. Nature of Operations and C19

1. Nature of Operations and Continuation of Business: Use of Estimates (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

1. Nature of Operations and C20

1. Nature of Operations and Continuation of Business: Impairment of Long-lived Assets (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Impairment of Long-lived Assets	Impairment of Long-Lived Assets We continually monitor events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, we assess the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. As of July 31, 2018 and April 30, 2018 no impairment of asset was necessary.

1. Nature of Operations and C21

1. Nature of Operations and Continuation of Business: Net Income (Loss) Per Common Share (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Net Income (Loss) Per Common Share	Net Income (Loss) per Common Share Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of July 31, 2018, the Company had potential shares issuable under outstanding options, warrants and convertible debt of 2,696,480 shares. With the income in operations for the three-month period ended July 31, 2018, the additional shares were determined to be dilutive and were used in the calculation of net income per share on a diluted basis.

1. Nature of Operations and C22

1. Nature of Operations and Continuation of Business: Reclassifications (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Reclassifications	Reclassifications Certain amounts in the 2017 consolidated financial statements have been reclassified to conform with the current year presentation to effect a reverse split of the Company’s outstanding common stock on a 1 share for 1,500 shares (1:1500) basis.

1. Nature of Operations and C23

1. Nature of Operations and Continuation of Business: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Jul. 31, 2018
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement.

6. Fair Value Measurements an24

6. Fair Value Measurements and Derivative Liabilities: Schedule of Derivative Liability Related to the Conversion Feature (Tables)	3 Months Ended
	Jul. 31, 2018
Tables/Schedules
Schedule of Derivative Liability Related to the Conversion Feature	Level 1 Level 2 Level 3 Fair value of derivative liability as of April 30, 2018 $ -- $ -- $ 3,248,160 Debt discount related to new debt -- -- -- Day one measurement of new debt -- -- -- Change in fair value of the derivative -- -- (2,251,402) Conversion of debt to shares of common stock and repayment of debt -- -- -- Balance at July 31, 2018 $ -- $ -- 996,758

6. Fair Value Measurements an25

6. Fair Value Measurements and Derivative Liabilities: Schedule of Assumptions Used (Tables)	3 Months Ended
	Jul. 31, 2018
Tables/Schedules
Schedule of Assumptions Used	Risk-free interest rate 0.125% Expected life in years 0.25 Dividend yield 0% Expected volatility 407.00%

9. Stock Options and Warrants_

9. Stock Options and Warrants: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Tables)	3 Months Ended
	Jul. 31, 2018
Tables/Schedules
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at April 30, 2018 833 $ 1.50 .06 $ 83 Granted -- $ -- Exercised - $ - Forfeited or expired (833) $ - Outstanding and exercisable at July 31, 2018 -- $ -- -- $ --

1. Nature of Operations and C27

1. Nature of Operations and Continuation of Business (Details)	3 Months Ended
	Jul. 31, 2018
Details
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	May 27, 1998
Stockholders' Equity, Reverse Stock Split	the Board of Directors, with the approval of a majority of the shareholders, passed a resolution to effect a reverse split of the Company’s outstanding common stock on a 1 share for 1,500 shares (1:1500) basis. The split became effective with FINRA on March 20, 2018, or as soon thereafter as practicable. The number of shares in the financials are reflective of the reverse split.

1. Nature of Operations and C28

1. Nature of Operations and Continuation of Business: Inventory (Details)	Jul. 31, 2018USD ($)
Details
Inventory	$ 2,787

1. Nature of Operations and C29

1. Nature of Operations and Continuation of Business: Net Income (Loss) Per Common Share (Details)	3 Months Ended
	Jul. 31, 2018shares
Details
Potential shares issuable under outstanding options, warrants and convertible debt	2,696,480

2. Going Concern (Details)

2. Going Concern (Details) - USD ($)	3 Months Ended		121 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018
Details
Net loss attributed to the Company	$ (2,067,734)	$ 83,019	$ 7,678,075
Working capital deficit	$ 2,961,969		$ 2,961,969

3. Investments (Details)

3. Investments (Details) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Details
Investments	$ 378,600	$ 378,600

4. Related Party Transactions (

4. Related Party Transactions (Details) - USD ($)	Jul. 31, 2018	Apr. 30, 2018
Details
Payables - related parties	$ 575,132	$ 437,968

6_ Convertible Debt (Details)

6: Convertible Debt (Details) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018
Convertible notes payable, net of discount	$ 749,840	$ 816,526
Stock Issued During Period, Shares, Conversion of Convertible Securities	224,062
Stock Issued During Period, Value, Conversion of Convertible Securities	$ 39,778
Convertible Note Payable 1
Convertible notes payable, net of discount	56,500
Convertible Note Payable 2
Convertible notes payable, net of discount	25,000
Convertible Note Payable 3
Convertible notes payable, net of discount	15,000
Convertible Note Payable 4
Convertible notes payable, net of discount	189,000
Convertible Note Payable 5
Convertible notes payable, net of discount	25,000
Convertible Note Payable 6
Convertible notes payable, net of discount	$ 35,000

6. Fair Value Measurements an34

6. Fair Value Measurements and Derivative Liabilities: Schedule of Derivative Liability Related to the Conversion Feature (Details) - USD ($)	3 Months Ended
	Jul. 31, 2018	Apr. 30, 2018
Derivative liabilities	$ 996,758	$ 3,248,160
Fair Value, Inputs, Level 3
Derivative liabilities	996,758	$ 3,248,160
Change in fair value of the derivative	$ (2,251,402)

6. Fair Value Measurements an35

6. Fair Value Measurements and Derivative Liabilities: Schedule of Assumptions Used (Details)	3 Months Ended
	Jul. 31, 2018
Fair Value Assumptions, Expected Dividend Rate	0.00%
Maximum
Fair Value Assumptions, Risk Free Interest Rate	0.13%
Fair Value Assumptions, Expected Term	3 months
Fair Value Assumptions, Expected Volatility Rate	407.00%

8. Equity (Details)

8. Equity (Details)	3 Months Ended
	Jul. 31, 2018USD ($)$ / sharesshares
Common stock issued for conversion of debt | $	$ 39,778
Convertible Preferred shares authorized	20,000,000
Convertible Preferred stock par value | $ / shares	$ 0.0001
Series A Preferred Stock
Convertible Preferred shares issued	3,277,369
Convertible Preferred shares outstanding	3,277,369
Series B Preferred Stock
Convertible Preferred shares issued	520,000
Convertible Preferred shares outstanding	520,000

9. Stock Options and Warrants (

9. Stock Options and Warrants (Details)	3 Months Ended
	Jul. 31, 2018shares
Details
Warrants Issued to A Consultant To Purchase Shares	667
Warrants Issued to A Lender To Purchase Shares	167

9. Stock Options and Warrants38

9. Stock Options and Warrants: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	Apr. 30, 2018$ / sharesshares
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	833
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 1.50
Share Based Compensation Arrangement By Share Based Payment Award, Weighted Average Remaining Contract Term (Years)	0.06

10. Contingencies and Commitm39

10. Contingencies and Commitments (Details)	3 Months Ended
	Jul. 31, 2018USD ($)
EMAC Handels AG
Monthly fee for administration services	$ 5,000
Monthly fee for Office Rent	250
Monthly fee for Office Supplies	125
Merrill W. Moses
Monthly fee for administration services	2,500
Monthly Director's fee per Service Agreement	7,500
Charles C. Hooper
Monthly fee for administration services	5,000
RAB Investments
Monthly fee for administration services	5,000
Monthly fee for Office Rent	250
Monthly fee for telephone	$ 125