Treasure & Shipwreck Recovery (BLIS) 10-Q/A 21 Dec 23 2024 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Oct. 31, 2023	Dec. 15, 2023
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	The purpose of this amendment on Form 10-Q/A to Treasure & Shipwreck Recover, Inc.'s Quarterly Report on Form 10-Q for the period ended October 31, 2023, filed with the Securities and Exchange Commission on December 20, 2023 is solely to furnish the Inline eXtensible Business Reporting Language (iXBRL) data under Exhibit 101 and 104 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--04-30
Entity File Number	333-219700
Entity Registrant Name	Treasure & Shipwreck Recovery, Inc.
Entity Central Index Key	0001703625
Entity Tax Identification Number	37-1844836
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	13046 Racetrack Road,
Entity Address, Address Line Two	#234,
Entity Address, City or Town	Tampa
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33626
City Area Code	(813)
Local Phone Number	504-7831
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,803,777

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Current Assets
Cash		$ 206,722
Total current assets		206,722
Fixed Assets
Fixed assets, net of depreciation	152,343	161,095
Total fixed assets	152,343	161,095
Other Assets
Security deposit	1,000	1,000
Total other assets	1,000	1,000
Total Assets	153,343	368,817
Current liabilities
Accounts payable	26,204	12,942
Accrued expenses	336,511	399,065
Customer deposits	8,700	8,700
Convertible notes payable, in default	563,641	583,641
Short term loans	52,700	2,700
Related party convertible loans	60,890	110,890
Contingent liabilities	50,000	50,000
Total current liabilities	1,098,646	1,167,938
Total Liabilities	1,098,646	1,167,938
Stockholders’ Deficit
Preferred stock, $0.001 par value; 100 shares authorized, 51 shares issued and outstanding
Common stock, par value $0.001; 200,000,000 shares authorized, 54,803,777 and 43,815,090 shares issued at October 31 and April 30, 2023, respectively	54,804	43,816
Common stock to be issued	118,500	118,500
Additional paid in capital	3,702,619	3,314,146
Unearned compensation	(125,675)
Accumulated deficit	(4,695,551)	(4,275,583)
Total Stockholders’ Deficit	(945,303)	(799,121)
Total Liabilities and Stockholders’ Deficit	$ 153,343	$ 368,817

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2023	Apr. 30, 2023
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100	100
Preferred Stock, Shares Issued	51	51
Preferred Stock, Shares Outstanding	51	51
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	54,803,777	43,815,090
Common Stock, Shares, Outstanding	54,803,777	43,815,090

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
REVENUES
Cost of revenues
Gross profit
OPERATING EXPENSES
Consulting and accounting	98,754	60,892	155,462	84,378
Labor		10,585	73,992	10,585
Legal fees	4,215	7,115	14,215	19,115
Professional fees	2,062	29,000	2,062	49,088
Boat expenses	29,884	35,381	93,200	69,845
Rent expense			9,600
General and administrative expenses	4,752	15,680	30,719	29,262
Depreciation	4,306	1,611	8,611	5,243
TOTAL OPERATING EXPENSES	143,973	160,264	387,861	267,516
NET LOSS FROM OPERATIONS	(143,973)	(160,264)	(387,861)	(267,516)
OTHER EXPENSES
Interest expense	17,516	40,615	32,107	81,721
NET LOSS BEFORE INCOME TAXES	(161,489)	(200,879)	(419,968)	(349,237)
Provision for income tax
NET LOSS	$ (161,489)	$ (200,879)	$ (419,968)	$ (349,237)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ (0.02)	$ (0.01)	$ (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	54,803,777	12,832,813	52,373,657	12,021,280

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES TO STOCKHOLDERS' DEFICIT (EQUITY) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Common Stock to be Issued [Member]	Additional Paid-in Capital [Member]	Unearned Compensation [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Apr. 30, 2022		$ 9,489	$ 118,500	$ 2,335,529		$ (3,334,458)	$ (870,940)
Beginning Balance, Shares at Apr. 30, 2022	51	9,488,502
Sale of Common Stock		$ 1,667		48,333			50,000
Sale of Common Stock, Shares		1,666,667
Net loss						(148,359)	(148,359)
Ending balance, value at Jul. 31, 2022		$ 11,156	118,500	2,383,862		(3,482,817)	(969,299)
Ending Balance, Shares at Jul. 31, 2022	51	11,155,169
Beginning balance, value at Apr. 30, 2022		$ 9,489	118,500	2,335,529		(3,334,458)	(870,940)
Beginning Balance, Shares at Apr. 30, 2022	51	9,488,502
Net loss							(349,237)
Warrants							20,710
Ending balance, value at Oct. 31, 2022		$ 16,589	118,500	2,541,429		(3,662,986)	(986,468)
Ending Balance, Shares at Oct. 31, 2022	51	16,588,502
Beginning balance, value at Jul. 31, 2022		$ 11,156	118,500	2,383,862		(3,482,817)	(969,299)
Beginning Balance, Shares at Jul. 31, 2022	51	11,155,169
Sale of Common Stock		$ 4,500		130,500			135,000
Sale of Common Stock, Shares		4,500,000
Net loss						(200,879)	(200,879)
Shares issued for services		$ 100		2,900			3,000
Shares issued for services, Shares		100,000
Conversion of debt and accrued expenses to equity		$ 833		24,167			25,000
Conversion of debt and accrued expenses to equity, Shares		833,333
Warrants						20,710	20,710
Exploration investment				50,000			50,000
Shares earned for services					29,962		29,962
Ending balance, value at Oct. 31, 2022		$ 16,589	118,500	2,541,429		(3,662,986)	(986,468)
Ending Balance, Shares at Oct. 31, 2022	51	16,588,502
Beginning balance, value at Apr. 30, 2023		$ 43,816	118,500	3,314,146		(4,275,583)	(799,121)
Beginning Balance, Shares at Apr. 30, 2023	51	43,815,090
Net loss						(258,479)	(258,479)
Shares issued for services		$ 5,500		179,300	(155,637)		29,163
Shares issued for services, Shares		5,500,000
Conversion of debt and accrued expenses to equity		$ 5,488		159,173			164,661
Conversion of debt and accrued expenses to equity, Shares		5,488,687
Ending balance, value at Jul. 31, 2023		$ 54,804	118,500	3,652,619	(155,637)	(4,534,062)	(863,776)
Ending Balance, Shares at Jul. 31, 2023	51	54,803,777
Beginning balance, value at Apr. 30, 2023		$ 43,816	118,500	3,314,146		(4,275,583)	(799,121)
Beginning Balance, Shares at Apr. 30, 2023	51	43,815,090
Net loss							(419,968)
Warrants
Ending balance, value at Oct. 31, 2023		$ 54,804	118,500	3,702,619	(125,675)	(4,695,551)	(945,303)
Ending Balance, Shares at Oct. 31, 2023	51	54,803,777
Beginning balance, value at Jul. 31, 2023		$ 54,804	118,500	3,652,619	(155,637)	(4,534,062)	(863,776)
Beginning Balance, Shares at Jul. 31, 2023	51	54,803,777
Net loss						(161,489)	(161,489)
Ending balance, value at Oct. 31, 2023		$ 54,804	$ 118,500	$ 3,702,619	$ (125,675)	$ (4,695,551)	$ (945,303)
Ending Balance, Shares at Oct. 31, 2023	51	54,803,777

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (419,968)	$ (349,237)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	8,611	5,243
Amortization of discount		21,114
Warrants issued for services		20,710
Stock compensation	59,125	3,000
Changes in operating assets and liabilities:
Security deposits		10,000
Account payable	13,262	11,592
Accrued expenses	32,248	39,897
CASH FLOWS USED IN OPERATING ACTIVITIES	(306,722)	(237,681)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock		185,000
Proceeds from exploration investment	50,000
Increase in short term loans	50,000
Increase in related party convertible notes		7,000
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	100,000	192,000
NET INCREASE (DECREASE) IN CASH	(206,722)	(45,681)
Cash, beginning of period	206,722	47,003
Cash, end of period		1,322
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest expense
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of debt and accrued expense to equity	$ 164,661	$ 25,000

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	Note 1 – ORGANIZATION AND NATURE OF BUSINESS Treasure & Shipwreck Recovery, Inc (“TSR” or the “Company”), was incorporated in the State of Nevada on October 24, 2016 as Beliss Corp. The Company changed its name to Treasure & Shipwreck Recovery Inc. on June 26, 2019. TSR formed TSR Holdings, Inc., a wholly owned subsidiary, on August 22, 2019 as the Company’s operating vehicle to focus on the recovery of sunken treasure from historic shipwrecks. The Company was originally focused on the development of high impact internet marketing, search engine optimization (“SEO”) software and techniques, and the development of digital properties (collectively “Internet Marketing”). On April 6, 2020, TSR formed TSR Media Group, Inc. (“TSR Media”), a wholly owned subsidiary, in order to develop various digital media properties. TSR Media is in the process of developing, through an outside app developer, a treasure search and salvage gaming app.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	Note 2 – GOING CONCERN These condensed consolidated financial statements have been prepared on a going concern basis, which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred net losses since inception, which raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans include raising capital through the equity markets to fund operations and, eventually, the generation of revenue through its business. The Company does not expect to generate any significant revenues for the foreseeable future. At October 31, 2023, the Company had a net working capital deficit of $ 1,095,346 Failure to raise adequate capital and generate adequate revenues could result in the Company having to curtail or cease operations. The Company’s ability to raise additional capital through the future issuances of the common stock is unknown. Additionally, even if the Company does raise sufficient capital to support its operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable it to develop to a level where it will generate profits and cash flows from operations. These matters raise substantial doubt about the Company’s ability to continue as a going concern; however, the accompanying condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These condensed consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation This summary of significant accounting policies of TSR is presented to assist in understanding the Company’s condensed consolidated financial statements. The condensed consolidated financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the condensed consolidated financial statements. The Company’s year-end is April 30. Principles of Consolidation The condensed consolidated financial statements of the Company include the accounts of TSR Holdings, Inc. and TSR Media Group, Inc., which are wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The process of preparing condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates include the useful life of property and equipment, valuation allowances against deferred tax assets and fair value of non cash equity transactions. Cash and Cash Equivalents For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at October 31, 2023 and April 30, 2023. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 0 Research and Development Expenses Expenditures for research and development are expensed as incurred. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from contracts with customers. contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; and d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract. Licensing Revenue The Company recognizes licensing revenue under ASC 606-10-55-59. In order to determine whether the Company’s promise to provide a right to access or to use its intellectual property, the Company should consider the nature of the intellectual property to which the customer will have rights. Intellectual property is either: a. Functional intellectual property. Intellectual property that has significant standalone functionality (for example, the ability to process a transaction, perform a function or task, or be played or aired). Functional intellectual property derives a substantial portion of its utility (that is, its ability to provide benefit or value) from its significant standalone functionality. b. Symbolic intellectual property. Intellectual property that is not functional intellectual property (that is, intellectual property that does not have significant standalone functionality). Because symbolic intellectual property does not have significant standalone functionality, substantially all of the utility of symbolic intellectual property is derived from its association with the entity’s past or ongoing activities, including its ordinary business activities. Intellectual property that has significant standalone functionality is functional IP. Functional IP is a right to use IP because the IP has standalone functionality and the customer can use the IP as it exists at a point in time. Basic Loss per Share The Company has adopte d the Financial Accounting Standards Board (“FASB”) ASC 260-10, which provides for the calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the periods ended October 31, 2023 and 2022 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of October 31, 2023 and 2022, there were 16,322,590 12,248,836 Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, short term loans, and the Company’s related party loan from a shareholder approximate their fair values because of the short maturity of these instruments. Fixed Assets Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Gains and losses upon disposition are reflected in the condensed consolidated statements of operations in the period of disposition. Maintenance and repair expenditures are charged to expense as incurred. Currently the Company’s only assets consist of three diving vessels and a magnetometer. They are being depreciated over three to twelve year useful lives. Impairment of Long-Lived and Intangible Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the book value of the asset may not be recoverable. The Company periodically evaluates whether events and circumstances have occurred that indicate possible impairment. When impairment indicators exist, the Company uses market quotes, if available or an estimate of the future undiscounted net cash flows of the related asset or asset group over the remaining life in measuring whether or not the asset values are recoverable. Identified intangible assets are reviewed for impairment at least annually, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Stock Based Compensation to Employees and Service Providers The Company recognizes all share-based payments to employees and service providers, including grants of employee stock options, as compensation expense in the condensed consolidated financial statements based on their fair values. That expense will be recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period) or immediately if the share-based payments vest immediately. Convertible Debentures The Company adopted the guidance in Accounting Standards Update (“ASU”) 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity Customer Deposits Customer deposits discloses an amount paid by a customer prior to the Company providing it with goods or services. The Company has an obligation to provide the goods or services to the customer or to return the money. The Company had $ 8,700 Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

FIXED ASSETS

FIXED ASSETS	6 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
FIXED ASSETS	Note 4 – FIXED ASSETS Fixed assets at October 31 and April 30, 2023 are summarized below: Schedule of Fixed Assets Fixed Assets October 31, 2023 April 30, 2023 Diving Vessel $ 36,390 $ 36,390 Magnetometer 24,000 24,000 Diving Vessel (Boston Whaler) 10,800 10,800 Diving Vessel (Commander) 137,425 137,425 Accumulated Depreciation (56,272 ) (47,520 ) Fixed Assets, Net $ 152,343 $ 161,095 Depreciation expense was $ 4,306 1,611 8,611 5,243

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	Note 5 – NOTES PAYABLE Related Party Convertible Loan An officer of the Company has provided a loan to TSR under a convertible promissory note. This convertible promissory note is unsecured, non-interest bearing, and is convertible into common shares of the Company stock at $2.75 per share and due on demand. The balance due to the officer was $ 60,890 On April 20, 2022, the Company entered into a convertible note payable with an individual who is a member of the Company’s Board of Directors. The convertible note payable, with a face value of $50,000, bears interest at 10.0% per annum and was due on July 21, 2022. The convertible note payable is convertible upon default, at the note holder’s option, into the Company’s common shares at a fixed conversion rate of $0.05. The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares. This convertible promissory note was converted to common stock during the six months ended October 31, 2023. Short Term Loans As of October 31 and April 30, 2023, the Company had a loan totaling $ 2,700 On August 1, 2023, the Company entered into a convertible note payable with an individual who is a member of the Company’s Board of Directors. The note payable, with a face value of $50,000, bears interest at 10.0% per annum and is due on August 1, 2024. The convertible note payable is convertible upon default, at the note holder’s option, into the Company’s common shares at a fixed conversation rate of $0.01. The conversion of the note into shares of the Company’s common stock is potentially highly dilutive to current shareholders. If the note holder elects to sell the shares that it has acquired as a result of converting the note into shares of common stock, then any such sales may result in a significant decrease in the market price of the Company’s shares. This convertible promissory note is currently in default due to non payment of principal and interest. Convertible Notes Payable The following table reflects the convertible notes payable as of October 31 and April 30, 2023: Schedule of Notes Payable Issue Date Maturity October 31, April 30, Rate Conversion Convertible notes payable Face Value 4/26/2021 4/26/2023 $ 112,975 $ 112,975 15.00% 0.028 Face Value 5/5/2021 5/5/2022 150,000 150,000 10.00% 0.10 Face Value 5/7/2021 2/1/2023 80,000 100,000 10.00% 0.10 Face Value 5/19/2021 2/19/2023 150,000 150,000 10.00% 0.10 Face Value 12/06/2021 2/6/2023 70,666 70,666 15.00% 0.10 Balance convertible notes payable $ 563,641 $ 583,641

STOCKHOLDERS_ DEFICIT

STOCKHOLDERS’ DEFICIT	6 Months Ended
	Oct. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	Note 6 – STOCKHOLDERS’ DEFICIT Common Stock In June of 2023, the Company’s Board of Directors voted to increase the authorized shares to 200,000,000 Series A Preferred Stock On May 1, 2020, the Company’s Board authorized the creation of 100 At October 31 and April 30, 2023, the Company had 51 Warrants At April 30, 2023 there were 7,177,333 0.17 2.25 years 0.11 282,667 6,894,666 0.17 1.75 years 0.11

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 7 – COMMITMENTS AND CONTINGENCIES Litigation During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450-20-50, Contingencies. Media Use and License Agreement On February 5, 2023, TSR entered into a Media Use and License Agreement with a corporation. Under the terms of the Media Use and License Agreement, TSR granted the user entity (the “Licensee”) an exclusive license to use photographic and video rights of TSR’s treasure recovery activities for use to publicize non-fungible token sales as well as appearances by TSR persons for such publication and sales. The authority to use the works includes the right to visit and photograph or video activities of TSR treasure recovery operations, interviews of TSR persons, crew or captains, as well as posts about the treasure industry by TSR on media channels provided by the Licensee and other media sources. TSR also agreed to allow the Licensee rights to purchase recovered objects or treasure as give aways or sales by the corporation to be negotiated upon recoveries being available by TSR after the 2023 treasure season. The Licensee agreed to pay to TSR an initial net rights fee of $85,000. TSR shall be owed a royalty from any net revenue to the Licensee for such amounts of sales over the initial rights payment in the amount of 30% for such net sales for any which shall be calculated within thirty days of annual year end 2023. TSR shall have the right to review all revenues and expenditures by the Licensee related to the Media Use and License Agreement. Vessel Loan and Treasure Recovery Agreement On March 5, 2023, the Company entered into a loan agreement with an individual. Under the terms of the loan agreement, the lender provided a loan to TSR toward the purchase price of a vessel at auction in the amount of $50,000 at a 0% per annum rate of interest. In exchange for the loan, TSR agreed to grant to the lender an amount of treasure recovered from the vessel for the 2023, 2024, and 2025 treasure recovery seasons, at a percentage of recovery from the gross amount, being 1% for each $10,000 loaned to TSR for such purchase up to a maximum of 5% for $50,000, or if less than an even $10,000 increment, then that fraction of such amount as a percentage. In addition, TSR shall allow the lender up to 3% of such treasure recovered for a fourth year, if such amount is lent up to such amount of $30,000 or more for such purchase. The lender was also given a lien on the vessel. This amount is recorded as a contingent liability on the condensed consolidated balance sheets. Trademark and Usage Purchase Agreement Gaming and Media Rights Payments TSR entered into a Trademark and Usage Purchase Agreement on March 5, 2020, Purchase of Trademark, Graphics, Related Media and Product Materials. Under the terms of the agreement TSR is obligated to pay ten percent of the gaming rights and five percent of television media revenue, which shall be for rights of the gaming name rights, as used in all such app, online or other gaming as owned by TSR and any television related media.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Oct. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Note 8 – RELATED PARTY TRANSACTIONS As of October 31 and April 30, 2023, an officer of the Company has provided a loan to TSR under a convertible promissory note. This convertible promissory note is unsecured, non-interest bearing, and is convertible into common shares of the Company stock at $2.75 per share and due on demand. The balance due to the officer was $ 60,890 In June of 2023, the issuer issued to a related party director, the amount of 2,525,618

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 9 – SUBSEQUENT EVENTS None

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation This summary of significant accounting policies of TSR is presented to assist in understanding the Company’s condensed consolidated financial statements. The condensed consolidated financial statements and notes are representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the condensed consolidated financial statements. The Company’s year-end is April 30.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements of the Company include the accounts of TSR Holdings, Inc. and TSR Media Group, Inc., which are wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The process of preparing condensed consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues, and expenses. Significant estimates include the useful life of property and equipment, valuation allowances against deferred tax assets and fair value of non cash equity transactions.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There were no cash equivalents at October 31, 2023 and April 30, 2023. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 0
Research and Development Expenses	Research and Development Expenses Expenditures for research and development are expensed as incurred.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from contracts with customers. contract liabilities; c. Performance obligations, including when the entity typically satisfies its performance obligations and the transaction price that is allocated to the remaining performance obligations in a contract; and d. Significant judgments, and changes in judgments, made in applying the requirements to those contracts. The Company offers no discounts, rebates, rights of return, or other allowances to clients which would result in the establishment of reserves against service revenue. Additionally, to date, the Company has not incurred incremental costs in obtaining a client contract. Licensing Revenue The Company recognizes licensing revenue under ASC 606-10-55-59. In order to determine whether the Company’s promise to provide a right to access or to use its intellectual property, the Company should consider the nature of the intellectual property to which the customer will have rights. Intellectual property is either: a. Functional intellectual property. Intellectual property that has significant standalone functionality (for example, the ability to process a transaction, perform a function or task, or be played or aired). Functional intellectual property derives a substantial portion of its utility (that is, its ability to provide benefit or value) from its significant standalone functionality. b. Symbolic intellectual property. Intellectual property that is not functional intellectual property (that is, intellectual property that does not have significant standalone functionality). Because symbolic intellectual property does not have significant standalone functionality, substantially all of the utility of symbolic intellectual property is derived from its association with the entity’s past or ongoing activities, including its ordinary business activities. Intellectual property that has significant standalone functionality is functional IP. Functional IP is a right to use IP because the IP has standalone functionality and the customer can use the IP as it exists at a point in time.
Basic Loss per Share	Basic Loss per Share The Company has adopte d the Financial Accounting Standards Board (“FASB”) ASC 260-10, which provides for the calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common stockholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity. The potentially dilutive common stock equivalents for the periods ended October 31, 2023 and 2022 were excluded from the dilutive loss per share calculation as they would be antidilutive due to the net loss. As of October 31, 2023 and 2022, there were 16,322,590 12,248,836
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of financial assets and liabilities, such as cash, accounts payable, short term loans, and the Company’s related party loan from a shareholder approximate their fair values because of the short maturity of these instruments.
Fixed Assets	Fixed Assets Fixed assets are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. Gains and losses upon disposition are reflected in the condensed consolidated statements of operations in the period of disposition. Maintenance and repair expenditures are charged to expense as incurred. Currently the Company’s only assets consist of three diving vessels and a magnetometer. They are being depreciated over three to twelve year useful lives.
Impairment of Long-Lived and Intangible Assets	Impairment of Long-Lived and Intangible Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the book value of the asset may not be recoverable. The Company periodically evaluates whether events and circumstances have occurred that indicate possible impairment. When impairment indicators exist, the Company uses market quotes, if available or an estimate of the future undiscounted net cash flows of the related asset or asset group over the remaining life in measuring whether or not the asset values are recoverable. Identified intangible assets are reviewed for impairment at least annually, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.
Stock Based Compensation to Employees and Service Providers	Stock Based Compensation to Employees and Service Providers The Company recognizes all share-based payments to employees and service providers, including grants of employee stock options, as compensation expense in the condensed consolidated financial statements based on their fair values. That expense will be recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period) or immediately if the share-based payments vest immediately.
Convertible Debentures	Convertible Debentures The Company adopted the guidance in Accounting Standards Update (“ASU”) 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity
Customer Deposits	Customer Deposits Customer deposits discloses an amount paid by a customer prior to the Company providing it with goods or services. The Company has an obligation to provide the goods or services to the customer or to return the money. The Company had $ 8,700
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Recent Accounting Pronouncements	Recent Accounting Pronouncements All other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future condensed consolidated financial statements.

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	6 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	Fixed assets at October 31 and April 30, 2023 are summarized below: Schedule of Fixed Assets Fixed Assets October 31, 2023 April 30, 2023 Diving Vessel $ 36,390 $ 36,390 Magnetometer 24,000 24,000 Diving Vessel (Boston Whaler) 10,800 10,800 Diving Vessel (Commander) 137,425 137,425 Accumulated Depreciation (56,272 ) (47,520 ) Fixed Assets, Net $ 152,343 $ 161,095

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Schedule of Notes Payable	The following table reflects the convertible notes payable as of October 31 and April 30, 2023: Schedule of Notes Payable Issue Date Maturity October 31, April 30, Rate Conversion Convertible notes payable Face Value 4/26/2021 4/26/2023 $ 112,975 $ 112,975 15.00% 0.028 Face Value 5/5/2021 5/5/2022 150,000 150,000 10.00% 0.10 Face Value 5/7/2021 2/1/2023 80,000 100,000 10.00% 0.10 Face Value 5/19/2021 2/19/2023 150,000 150,000 10.00% 0.10 Face Value 12/06/2021 2/6/2023 70,666 70,666 15.00% 0.10 Balance convertible notes payable $ 563,641 $ 583,641

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative)	Oct. 31, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working Capital Deficit	$ 1,095,346

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Apr. 30, 2023
Accounting Policies [Abstract]
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	16,322,590	12,248,836
Deposits	$ 8,700		$ 8,700

FIXED ASSETS (Details)

FIXED ASSETS (Details) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Property, Plant and Equipment [Line Items]
Accumulated Depreciation	$ (56,272)	$ (47,520)
Fixed Assets, Net	152,343	161,095
Diving Vessel [Member]
Property, Plant and Equipment [Line Items]
Diving Vessel (Commander)	36,390	36,390
Equipment [Member]
Property, Plant and Equipment [Line Items]
Diving Vessel (Commander)	24,000	24,000
Diving Vessel Boston Whaler [Member]
Property, Plant and Equipment [Line Items]
Diving Vessel (Commander)	10,800	10,800
Diving Vessel Commander [Member]
Property, Plant and Equipment [Line Items]
Diving Vessel (Commander)	$ 137,425	$ 137,425

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 4,306	$ 1,611	$ 8,611	$ 5,243

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	6 Months Ended
	Oct. 31, 2023	Apr. 30, 2023
Short-Term Debt [Line Items]
Convertible Notes Payable, Current	$ 563,641	$ 583,641
Convertible Notes Payable 04/26/2021 [Member]
Short-Term Debt [Line Items]
Debt Instrument, Issuance Date	Apr. 26, 2021
Debt Instrument, Maturity Date	Apr. 26, 2023
Debt Instrument, Face Amount	$ 112,975
Debt Instrument, Face Amount	$ 112,975
Debt, Weighted Average Interest Rate	15%
Debt Instrument, Convertible, Conversion Price	$ 0.028
Convertible Notes Payable 05/05/2021 [Member]
Short-Term Debt [Line Items]
Debt Instrument, Issuance Date	May 05, 2021
Debt Instrument, Maturity Date	May 05, 2022
Debt Instrument, Face Amount	$ 150,000
Debt Instrument, Face Amount	$ 150,000
Debt, Weighted Average Interest Rate	10%
Debt Instrument, Convertible, Conversion Price	$ 0.10
Convertible Notes Payable 05/05/2021 [Member]
Short-Term Debt [Line Items]
Debt Instrument, Issuance Date	May 07, 2021
Debt Instrument, Maturity Date	Feb. 01, 2023
Debt Instrument, Face Amount	$ 80,000
Debt Instrument, Face Amount	$ 100,000
Debt, Weighted Average Interest Rate	10%
Debt Instrument, Convertible, Conversion Price	$ 0.10
Convertible Notes Payable 05/19/2021 [Member]
Short-Term Debt [Line Items]
Debt Instrument, Issuance Date	May 19, 2021
Debt Instrument, Maturity Date	Feb. 19, 2023
Debt Instrument, Face Amount	$ 150,000
Debt Instrument, Face Amount	$ 150,000
Debt, Weighted Average Interest Rate	10%
Debt Instrument, Convertible, Conversion Price	$ 0.10
Convertible Notes Payable 6 [Member]
Short-Term Debt [Line Items]
Debt Instrument, Issuance Date	Dec. 06, 2021
Debt Instrument, Maturity Date	Feb. 06, 2023
Debt Instrument, Face Amount	$ 70,666
Debt Instrument, Face Amount	$ 70,666
Debt, Weighted Average Interest Rate	15%
Debt Instrument, Convertible, Conversion Price	$ 0.10

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Oct. 31, 2023	Apr. 30, 2023
Extinguishment of Debt [Line Items]
Due to Related Parties, Current	$ 60,890	$ 110,890
Short-Term Debt [Member]
Extinguishment of Debt [Line Items]
Loans Payable	2,700	2,700
Officer [Member]
Extinguishment of Debt [Line Items]
Due to Related Parties, Current	$ 60,890	$ 60,890

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details Narrative) - $ / shares	6 Months Ended	12 Months Ended
	Oct. 31, 2023	Apr. 30, 2023	Jun. 30, 2023	May 01, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Shares Authorized	200,000,000	200,000,000	200,000,000
Preferred Stock, Shares Authorized	100	100		100
Preferred Stock, Shares Issued	51	51
Preferred Stock, Shares Outstanding	51	51
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	6,894,666	7,177,333
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 0.17	$ 0.17
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	1 year 9 months	2 years 3 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value	$ 0.11	$ 0.11
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Expirations	282,667

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2023	Jul. 31, 2023	Oct. 31, 2022	Oct. 31, 2023	Apr. 30, 2023
Related Party Transaction [Line Items]
Due to Related Parties, Current				$ 60,890	$ 110,890
Common Stock [Member]
Related Party Transaction [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		5,488,687	833,333
Officer [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current				$ 60,890	$ 60,890
Director [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	2,525,618