Next Meats (NXMH) 10-Q 28 Mar 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended	9 Months Ended
	Jan. 31, 2022	Jan. 31, 2022	Mar. 28, 2022
Cover [Abstract]
Document Type		10-Q
Amendment Flag		false
Document Quarterly Report	true
Document Period End Date		Jan. 31, 2022
Document Fiscal Period Focus		Q3
Document Fiscal Year Focus		2022
Current Fiscal Year End Date		--04-30
Entity File Number		000-56167
Entity Registrant Name		Next Meats Holdings, Inc.
Entity Central Index Key		0001811530
Entity Tax Identification Number		85-4008709
Entity Incorporation, State or Country Code		NV
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Non-accelerated Filer
Entity Small Business		true
Entity Emerging Growth Company		true
Elected Not To Use the Extended Transition Period		false
Entity Shell Company		false
Shares Outstanding	501,153,186	501,153,186	502,030,821

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2022	Apr. 30, 2021
Current Assets
Cash and cash equivalents	$ 680,909	$ 7,210,200
Accounts receivable	1,774,133	263,471
Advance payments and prepaid expenses	2,482,067	38,954
Inventories	416,561	249,434
TOTAL CURRENT ASSETS	5,353,671	7,762,059
Non-current assets
Equipment, net depreciation	194,157	206,468
Construction in progress	315,040	169,325
Land and improvements	1,220,093
Long term prepaid expenses		12,301
Security deposits	26,295	18,860
Stock	666,313	316,717
TOTAL NON-CURRENT ASSETS	2,421,898	723,672
TOTAL ASSETS	7,775,569	8,485,731
Current Liabilities
Accrued expenses and other payables	1,008,875	492,357
Due to related party	472	2,829
Income tax payable		3,679
TOTAL CURRENT LIABILITIES	1,009,346	498,865
Loans	303,188
TOTAL LIABILITIES	1,312,534	498,865
Shareholders' Equity
Preferred stock ($.001 par value, 20,000,000 shares authorized, none issued and outstanding as of January 31, 2022 and April 30, 2021)
Common stock ($.001 par value, 1,000,000,000 shares authorized, 501,153,186 and 500,000,000 shares issued and outstanding as of January 31, 2022 and April 30, 2021, respectively)	501,153	500,000
Non-controlling interest	122,796	52,374
Additional paid-in capital	5,891,459,779	5,889,168,832
Accumulated deficit	(5,885,207,506)	(5,881,664,278)
Accumulated other comprehensive income(loss)	(413,187)	(70,061)
TOTAL SHAREHOLDERS' EQUITY	6,463,035	7,986,866
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 7,775,569	$ 8,485,731

Statements of Operations and Co

Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
REVENUES
Revenues	$ 1,110,497	$ 72,981	$ 6,294,577	$ 145,329
Cost of revenues	703,454	110,184	5,778,596	162,265
GROSS PROFIT(LOSS)	407,043	(37,203)	515,981	(16,936)
OPERATING EXPENSE
Share-based expense		5,880,579,874		5,880,579,874
Depreciation	14,033	211	38,782	211
General and administrative expenses	1,605,772	249,776	3,981,040	349,840
Total operating expenses	1,619,804	5,880,829,861	4,019,823	5,880,929,925
Income (loss) from operations	(1,212,761)	(5,880,867,064)	(3,503,842)	(5,880,946,861)
Interest expense	(1,821)		(3,305)
Other expense	(4,950)		(6,999)
Other income	6,395	268	12,801	305
Total other income (expenses)	(376)	268	2,497	305
Net income (loss) before tax	(1,213,137)	(5,880,866,796)	(3,501,345)	(5,880,946,556)
Income tax expense	(3,288)		41,884
NET INCOME (LOSS)	(1,209,849)	(5,880,866,796)	(3,543,228)	(5,880,946,556)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment	(80,604)	(31,952)	(343,126)	(2,545)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (1,290,453)	$ (5,880,898,748)	$ (3,886,355)	$ (5,880,949,100)
Income per common share
Basic	$ 0	$ (87.36)	$ (0.01)	$ (146.56)
Diluted
Weighted average common shares outstanding
Basic	500,426,177	67,315,193	500,142,059	40,127,445
Diluted

Condensed Consolidated Statemen

Condensed Consolidated Statement of Changes in Stockholders' Equity/ Deficit (Unaudited) - USD ($)	Common Stock [Member]	Noncontrolling Interest [Member]	Additional Paid in Capital	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance, value	$ 10,000		$ 2,885		$ (14,510)	$ (1,625)
Beginning balance, value at Apr. 30, 2020	10,000		2,885		(14,510)	(1,625)
Expenses paid on behalf of the company and contributed to capital			1,625			1,625
Net loss					(21,241)	(21,241)
Foreign currency translation				366		366
Non-controlling interest		37,182				37,182
Beginning balance, value at Apr. 30, 2020	10,000		2,885		(14,510)	(1,625)
Net loss						(5,880,946,556)
Balance, value	10,000	37,182	4,510	366	(35,751)	16,307
Beginning balance, value at Jul. 31, 2020	10,000	37,182	4,510	366	(35,751)	16,307
Expenses paid on behalf of the company and contributed to capital			1,850			1,850
Net loss					(58,019)	(58,019)
Foreign currency translation				6,139		6,139
Non-controlling interest		14,014	1,987,503			2,001,517
Balance, value	47,648	51,196	1,956,215	6,505	(93,769)	1,967,794
Beginning balance, value at Oct. 31, 2020	47,648	51,196	1,956,215	6,505	(93,769)	1,967,794
Expenses paid on behalf of the company and contributed to capital			5,575			5,575
Net loss						(5,880,866,796)
Foreign currency translation				(31,952)		(31,952)
Balance, value	500,000	51,196	5,882,089,312	(25,447)	(5,880,770,922)	1,844,139
Balance, value	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Beginning balance, value at Apr. 30, 2021	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Expenses paid on behalf of the company and contributed to capital			203,685			203,685
Net loss					(1,164,323)	(1,164,323)
Foreign currency translation				(45,306)		(45,306)
Beginning balance, value at Apr. 30, 2021	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Net loss						(3,543,228)
Balance, value	500,000	52,374	5,889,372,517	(115,367)	(5,882,828,601)	6,980,922
Beginning balance, value at Jul. 31, 2021	500,000	52,374	5,889,372,517	(115,367)	(5,882,828,601)	6,980,922
Expenses paid on behalf of the company and contributed to capital			15,700			15,700
Net loss					(1,169,056)	(1,169,056)
Foreign currency translation				(217,216)		(217,216)
Non-controlling interest		70,422				70,422
Balance, value	500,000	122,796	5,889,388,217	(332,583)	(5,883,997,657)	5,680,772
Beginning balance, value at Oct. 31, 2021	500,000	122,796	5,889,388,217	(332,583)	(5,883,997,657)	5,680,772
Net loss					(1,209,849)	(1,209,849)
Foreign currency translation				(80,604)		(80,604)
Common shares sold	1,153		2,305,218			2,306,371
Expenses paid by subsidiary			(233,656)			(233,656)
Balance, value	$ 501,153	$ 122,796	$ 5,891,459,779	$ (413,187)	$ (5,885,207,506)	$ 6,463,035
Shares Outstanding						501,153,186

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders' Equity/ Deficit (Unaudited) Continued - USD ($)	Common Stock [Member]	Noncontrolling Interest [Member]	Additional Paid in Capital	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Balance, value	$ 10,000		$ 2,885		$ (14,510)	$ (1,625)
Beginning balance, value at Apr. 30, 2020	10,000		2,885		(14,510)	(1,625)
Noncontrolling interest		37,182				37,182
Expenses paid on behalf of the company and contributed to capital			1,625			1,625
Net loss					(21,241)	(21,241)
Foreign currency translation				366		366
Beginning balance, value at Apr. 30, 2020	10,000		2,885		(14,510)	(1,625)
Net loss						(5,880,946,556)
Balance, value	10,000	37,182	4,510	366	(35,751)	16,307
Beginning balance, value at Jul. 31, 2020	10,000	37,182	4,510	366	(35,751)	16,307
Noncontrolling interest		14,014	1,987,503			2,001,517
Expenses paid on behalf of the company and contributed to capital			1,850			1,850
Net loss					(58,019)	(58,019)
Foreign currency translation				6,139		6,139
Common shares cancelled and returned	(10,000)		10,000
Common shares issued in reorganization	47,648		(47,648)
Balance, value	47,648	51,196	1,956,215	6,505	(93,769)	1,967,794
Beginning balance, value at Oct. 31, 2020	47,648	51,196	1,956,215	6,505	(93,769)	1,967,794
Expenses paid on behalf of the company and contributed to capital			5,575			5,575
Net loss						(5,880,866,796)
Foreign currency translation				(31,952)		(31,952)
Common shares issued for services to the company	452,352		5,880,127,522			5,880,579,874
Net loss					(5,880,677,153)	(5,880,677,153)
Balance, value	500,000	51,196	5,882,089,312	(25,447)	(5,880,770,922)	1,844,139
Balance, value	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Beginning balance, value at Apr. 30, 2021	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Expenses paid on behalf of the company and contributed to capital			203,685			203,685
Net loss					(1,164,323)	(1,164,323)
Foreign currency translation				(45,306)		(45,306)
Beginning balance, value at Apr. 30, 2021	500,000	52,374	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Net loss						(3,543,228)
Balance, value	500,000	52,374	5,889,372,517	(115,367)	(5,882,828,601)	6,980,922
Beginning balance, value at Jul. 31, 2021	500,000	52,374	5,889,372,517	(115,367)	(5,882,828,601)	6,980,922
Noncontrolling interest		70,422				70,422
Expenses paid on behalf of the company and contributed to capital			15,700			15,700
Net loss					(1,169,056)	(1,169,056)
Foreign currency translation				(217,216)		(217,216)
Balance, value	500,000	122,796	5,889,388,217	(332,583)	(5,883,997,657)	5,680,772
Beginning balance, value at Oct. 31, 2021	500,000	122,796	5,889,388,217	(332,583)	(5,883,997,657)	5,680,772
Net loss					(1,209,849)	(1,209,849)
Foreign currency translation				(80,604)		(80,604)
Balance, value	$ 501,153	$ 122,796	$ 5,891,459,779	$ (413,187)	$ (5,885,207,506)	$ 6,463,035

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ (3,543,228)	$ (5,880,946,556)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Share-based expense		5,880,579,874
Depreciation and amortization	38,782	213
Changes in operating assets and liabilities:
Accounts receivable	(1,510,662)	(33,350)
Accrued expenses and other payables	516,518	220,124
Advance payments and prepaid expenses	(2,430,812)	(88,336)
Accounts payable – related party	(2,358)	2,575
Security deposits	(7,436)	(19,663)
Income tax payable	(3,679)
Inventories	(167,127)
Net cash used in operating activities	(7,110,001)	(285,118)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for equipment	(26,471)	(8,087)
Construction in progress	(145,715)
Land and improvements	(1,220,093)
Cash paid for stock	(349,595)	(330,207)
Net cash used in investing activities	(1,741,875)	(338,293)
CASH FLOWS FROM FINANCING ACTIVITIES
Expenses contributed to capital	(14,271)	9,050
Common shares sold	2,306,371
Loans	303,188
Stock issuance	70,422	2,045,698
Net cash provided by financing activities	2,665,711	2,054,748
Net effect of exchange rate changes on cash	(343,126)	(25,447)
Net Change in Cash and Cash Equivalents	(6,529,291)	1,405,890
Cash and cash equivalents - beginning of period	7,210,200
Cash and cash equivalents - end of period	680,909	1,405,890
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	1,821	3,305
Income taxes paid		41,884
NON-CASH INVESTING AND FINANCING TRANSACTIONS

Note 1 _ Organization and Descr

Note 1 – Organization and Description of Business	9 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 1 – Organization and Description of Business	Note 1 - Organization and Description of Business Next Meats Holdings, Inc. (we, us, our, or the "Company"), formerly known as Turnkey Solutions, Inc., was incorporated on April 15, 2020 in the State of Nevada. On April 15, 2020, Paul Moody was appointed Chief Executive Officer, Chief Financial Officer, and Director of the Company, at the time known as “Turnkey Solutions, Inc.” On October 1, 2020, the Company, at the time known as “Turnkey Solutions, Inc.” (the “Company” or “Successor”) announced on Form 8-K plans to participate in a holding company reorganization (“the Reorganization” or “Merger”) with Intermedia Marketing Solutions, Inc. (“IMMM” or “Predecessor”) and Intermedia Marketing Solutions Merger Sub, Inc. (“Merger Sub”) collectively (the “Constituent Corporations”) pursuant to NRS 92A.180, NRS A.200, NRS 92A.230 and NRS 92A.250. Immediately prior to the Reorganization, the Company was a direct and wholly owned subsidiary of Intermedia Marketing Solutions, Inc. and Intermedia Marketing Solutions Merger Sub, Inc. was a direct and wholly owned subsidiary of the Company. The effective date and time of the Reorganization was October 28, 2020 at 4PM PST (the “Effective Time”). The entire plan of Merger is on file with Nevada Secretary of State (“NSOS”) and included in the Articles of Merger pursuant to NRS 92A.200 Nevada Secretary of State (“NSOS”) and attached to and made a part thereof to the Articles of Merger pursuant to NRS 92A.200 filed with NSOS on October 16, 2020. At the Effective Time, Predecessor merged with and into its indirect and wholly owned subsidiary, Merger Sub with Predecessor as the surviving corporation resulting in Predecessor as a wholly owned subsidiary of the Company. Concurrently and after the Effective Time, the Company cancelled all of its stock held in Predecessor resulting in the Company as a stand-alone and separate entity with no subsidiaries, no assets and negligible liabilities. The assets and liabilities of Predecessor, if any, remain with Predecessor. The Company has abandoned the business plan of its Predecessor and resumed its former business plan of a blank check company after completion of the Merger. Full details pertaining to the Reorganization can be viewed in the Company’s Form 8-K filed on October 29, 2020. On November 18, 2020 our former controlling shareholder, Flint Consulting Services, LLC sold 35,000,000 shares of common stock to Next Meats Co., Ltd a Japan Company. Collectively, the majority shareholders of Next Meats Co., Ltd are comprised of Ryo Shirai, Hideyuki Sasaki, and Koichi Ishizuka. The Purchase Price was paid with personal funds of the majority shareholders of NMC. On the same day, November 18, 2020, Paul Moody resigned from his position of Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director. Simultaneous to Paul Moody’s resignations Ryo Shirai was appointed as our Chief Executive Officer and Director, Hideyuki Sasaki as our Chief Operating Officer and Director, and Koichi Ishizuka as our Chief Financial Officer. On January 8, 2021 our majority shareholder, Next Meats Co., Ltd., a Japan Company, along with our Board of Directors, comprised of Mr. Koichi Ishizuka, Mr. Ryo Shirai, and Mr. Hideyuki Sasaki, took action to ratify, affirm, and approve a name change of the Company from Turnkey Solutions, Inc., to Next Meats Holdings, Inc. The Company filed a Certificate of Amendment with the Nevada Secretary of State (“NVSOS”) to enact the name change with an effective date of January 19, 2021. This was previously disclosed in the Form 8-K we filed on January 25, 2021. Also on January 8, 2021, our majority shareholder Next Meats Co., Ltd., along with our Board of Directors took action to ratify, affirm, and approve a change of the Company’s ticker symbol from TKSI to NXMH. Pursuant to the above, the Company carried out a FINRA corporate action. As a result of the aforementioned actions the Company’s CUSIP number was changed from 90043H102 to 65345L 100. The change in CUSIP, name change, and symbol change were posted on the FINRA daily list on January 25, 2021 with a market effective date of January 26, 2021. On January 28, 2021, our majority shareholder, Next Meats Co., Ltd., along with our Board of Directors took action to ratify, affirm, and approve the issuance of 452,352,298 shares of restricted common stock to Next Meats Co., Ltd. The shares were issued for services rendered to the Company. Following this issuance we had 500,000,000 shares of common stock issued and outstanding. On June 9, 2021 the Company entered into a “Share Cancellation and Exchange Agreement” (referred to herein as “the Agreement”) with Next Meats Co., Ltd. Next Meats Co., Ltd. is a Japanese Company that operates in the “alternative meat” industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes. The product offerings from Next Meats Co., Ltd. are currently sold to various food distributors, supermarkets, and restaurant groups. Next Meats Co., Ltd. is referred to herein as “NMCO”, and Next Meats Holdings, Inc., is referred to herein as “the Company”, and or “NXMH.” The current shareholders of Next Meats Co., Ltd. are referred to herein as “NMCO shareholders”. Pursuant to the agreement, at the effective time of the agreement, NXMH acquired NMCO as a wholly owned subsidiary and commensurate with this action, there was a conversion of the NXMH Percentile Share Interest in exchange for the Company’s 100% percentile share interest in NMCO. Immediately prior to the Effective Time, (defined below) each NMCO shareholder canceled and exchanged their percentile share interest in NMCO for an equivalent percentile share interest in NXMH pursuant to each NMCO shareholder’s pro rata percentage. On or about September 17, 2021, we incorporated NextMeats France, a French entity, which will act as a wholly owned subsidiary of the Company. We intend to utilize NextMeats France to, amongst other things, operate as a reseller and distributor, in France and throughout Europe, of food products currently offered by Next Meats Co., Ltd. There are currently no agreements in place between Next Meats Co., Ltd. and NextMeats France, however each entity is currently under common control and shares the same management team. These financial statements consolidate those of NXMH, NMCO and NextMeats France. On December 28, 2021 we filed an amendment to our Articles of Incorporation with the Nevada Secretary of State, resulting in an increase to our authorized shares of Common Stock from 500,000,000 to 1,000,000,000. On or about December 29, 2021, we sold 270,929 shares of restricted Common Stock to Demic Co., Ltd.., a Japanese Company, at a price of $2.00 per share of Common Stock. The total subscription amount paid by Demic Co., Ltd. was approximately $541,858. The above transaction was approved by the Chief Executive Officer of Demic Co., Ltd., Tadayoshi Masutomi. Demic Co., Ltd. is not considered a related party to the Company. The proceeds from the above sale of shares are to be used by the Company for working capital. On or about December 29, 2021, we sold 882,257 shares of restricted Common Stock to Kiyoshi Kobayashi, a Japanese Citizen, at a price of $2.00 per share of Common Stock. The total subscription amount paid by Kiyoshi Kobayashi was approximately $1,764,513. Kiyoshi Kobayashi is not considered a related party to the Company. The proceeds from the above sale of shares are to be used by the Company for working capital. On December 28, 2021, Ryo Shirai resigned as our Chief Executive Officer and was appointed Chairman of the Board of Directors It should be noted he was previously a Director, but now also serves as Chairman of the Board of Directors. Previously, there was no designated Chairman of the Board of Directors. The resignation of Mr. Ryo Shirai, as Chief Executive Officer, was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. On December 28, 2021, Mr. Koichi Ishizuka was appointed Chief Executive Officer of the Company. There is no arrangement or understanding among the newly appointed officer, Koichi Ishizuka, or any other person, pursuant to which they were appointed as an officer of the Company. In January of 2022, we engaged counsel to incorporate Next Meats USA, Inc. on our behalf. Next Meats USA, Inc. (“NXMH USA”) was incorporated on January 18, 2022 and is a California Corporation. On February 7, 2022, the incorporator of Next Meats USA, Inc. was discharged of any further duties. Simultaneously, Koichi Ishizuka and Koki Terui were appointed as Directors, and Koki Terui was appointed President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer. On February 7, 2022, NXMH USA issued 100 shares of its common stock to Next Meats Holdings, Inc., a Nevada Corporation, in exchange for $10,000. As a result of this action, Next Meats Holdings, Inc. became the sole shareholder of NXMH USA. NXMH USA is now a wholly owned subsidiary of Next Meats Holdings, Inc. Next Meats Holdings, Inc., intends to utilize NXMH USA as a means to expand its business operations into the United States. Currently, the Company offers a wide variety of alternative meat products and it is the Company’s plan to make these products more readily available to those in the United States via NXMH USA. Prior to the issuance of shares to Next Meats Holdings, Inc., NXMH USA did not have any significant assets, or material transactions, to disclose. The financial statements for Next Meats Holdings, Inc., for its quarter ended April 30, 2022, will be consolidated to include those of NXMH USA. The Company has elected April 30th as its year end.

Note 2 _ Summary of Significant

Note 2 – Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Note 2 – Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the unaudited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosures contained in the unaudited financial statements for the most recent fiscal period, as reported in the 2021 Annual Report, have been omitted. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at January 31, 2022 and April 30, 2021 were $680,909 and $7,210,200, respectively. Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. 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 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 the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at January 31, 2022 and April 30, 2021. Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. The Company does not have any potentially dilutive instruments as of January 31, 2022 and, thus, anti-dilution issues are not applicable. Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of January 31, 2022. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses. Related Parties The Company follows ASC 850, Related Party Disclosures, Share-Based Compensation ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” The Company had no stock-based compensation plans as of January 31, 2022. The Company’s stock-based compensation for the periods ended January 31, 2022 and January 31, 2021 were $0 and $5,880,579,874, respectively. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 We have no assets and or leases and do not believe we will be impacted in the foreseeable future by the newly adopted accounting standard(s) mentioned above. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations. -F5- Table of Contents

Note 3 _ Going Concern

Note 3 – Going Concern	9 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 3 – Going Concern	Note 3 - Going Concern The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios. The Company has not recorded enough revenue to cover its operating costs. We expect our wholly-owned subsidiary, NextMeats France, to begin operations in the next fiscal quarter which we expect will produce revenue to cover at least some operating costs. We also expect our wholly-owned subsidiary, Next Meats Japan Co. Ltd to improve its operating income in the next fiscal quarter. However, management plans to fund some operating expenses with related party contributions to capital until there is sufficient revenue to cover all operating expenses. There is no assurance that management's plan will be successful. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

Note 4 _ Income Taxes

Note 4 – Income Taxes	9 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Note 4 – Income Taxes	Note 4 - Income Taxes The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. As of January 31, 2022, the Company has incurred a net loss of approximately $5,885,207,506 $1,235,893,576

Note 5 _ Commitments and Contin

Note 5 – Commitments and Contingencies	9 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Note 5 – Commitments and Contingencies	Note 5 - Commitments and Contingencies The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of January 31, 2022.

Note 6 _ Stock

Note 6 – Stock	9 Months Ended
	Jan. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Note 6 – Stock	Note 6 - Stock On July 20, 2021, Catapult Solutions, Inc., a Nevada Corporation (“Catapult”), entered into a Share Purchase Agreement (the “Agreement”) by and among CRS Consulting, LLC, a Wyoming Limited Liability Company (“CRS”), related party White Knight Co., Ltd., (“WKC”), and the Company, pursuant to which, on July 23, 2021, (“Closing Date”), for the purchase price of $375,000, CRS sold 10,000 shares of Catapult’s Series Z Preferred Stock, representing approximately 81.20% voting control of the Company; 5,000 shares of Series Z Preferred Stock were transferred to WKC and 5,000 shares of Series Z Preferred Stock were transferred to the Company. WKC paid consideration of $187,500 and related party, Next Meats Co., Ltd, paid the remaining $187,500 on behalf of the Company. The consummation of the transactions contemplated by the Agreement resulted in a change in control of Catapult, with WKC and the Company becoming Catapult’s largest controlling stockholders, having approximately 80.20% combined voting control over Catapult. Pursuant to the Agreement, on July 23, 2021, the former Directors of Catapult resigned their positions and, on that same date, our CFO and Director, Mr. Koichi Ishizuka, was appointed as Catapult’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director. The purpose of the acquisition of the shares was to acquire control of Catapult, which at that time was, and on the date hereof is, a shell company as defined in Rule 12b-2 of the Exchange Act with no operating business. The Company is exploring various business opportunities with respect to Catapult Solutions, Inc.

Note 7 _ Accrued Expenses

Note 7 – Accrued Expenses	9 Months Ended
	Jan. 31, 2022
Payables and Accruals [Abstract]
Note 7 – Accrued Expenses	Note 7 - Accrued Expenses Accrued expenses and other payables totaled $1,008,875 $492,357

Note 8 _ Shareholders_ Equity

Note 8 – Shareholders’ Equity	9 Months Ended
	Jan. 31, 2022
Equity [Abstract]
Note 8 – Shareholders’ Equity	Note 8 - Shareholders’ Equity Preferred Stock The authorized preferred stock of the Company consists of 20,000,000 shares with a par value of $0.001. There were no shares issued and outstanding as of January 31, 2022 and April 30, 2021. Common Stock The authorized common stock of the Company consists of 1,000,000,000 shares with a par value of $0.001. There were 501,153,186 and 500,000,000 shares of common stock issued and outstanding as of January 31, 2022 and April 30, 2021, respectively. On December 29, 2021 the Company sold 1,153,186 shares of common stock to two shareholders at $2.00 per share (see Note 1).

Note 9 _ Related-Party Transact

Note 9 – Related-Party Transactions	9 Months Ended
	Jan. 31, 2022
Related Party Transactions [Abstract]
Note 9 – Related-Party Transactions	Note 9 - Related-Party Transactions Office Space We utilize the office space and equipment of our management at no cost.

Note 10 _ Subsequent Events

Note 10 – Subsequent Events	9 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Note 10 – Subsequent Events	Note 10 - Subsequent Events On February 7, 2022, the incorporator of Next Meats USA, Inc. was discharged of any further duties. Simultaneously, Koichi Ishizuka and Koki Terui were appointed as Directors, and Koki Terui was appointed President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer. On February 7, 2022, NXMH USA issued 100 shares of its common stock to Next Meats Holdings, Inc., a Nevada Corporation, in exchange for $10,000. As a result of this action, Next Meats Holdings, Inc. became the sole shareholder of NXMH USA. NXMH USA is now a wholly owned subsidiary of Next Meats Holdings, Inc. Next Meats Holdings, Inc., intends to utilize NXMH USA as a means to expand its business operations into the United States. Currently, the Company offers a wide variety of alternative meat products and it is the Company’s plan to make these products more readily available to those in the United States via NXMH USA. Prior to the issuance of shares to Next Meats Holdings, Inc., NXMH USA did not have any significant assets, or material transactions, to disclose. The financial statements for Next Meats Holdings, Inc., for its quarter ended April 30, 2022, will be consolidated to include those of NXMH USA. On or about February 4, 2022, we sold 208,855 shares of restricted Common Stock to Daisuke Kuroika, a Japanese Citizen, at a price of $2.10 per share of Common Stock. The total subscription amount paid by Daisuke Kuroika was approximately $438,596. On or about March 7, 2022, we sold 668,780 shares of restricted Common Stock to Yakuodo Co., Ltd., a Japanese Company, at a price of $1.30 per share of Common Stock. The total subscription amount paid by Yakuodo Co., Ltd. was approximately $869,414. Yakuodo Co., Ltd. is a Japan-based holding company mainly engaged in the retail of pharmaceuticals, cosmetics, food products, miscellaneous goods and other life related products. The Company operates through the healthcare business, beauty care business, home care business and convenience care business. The proceeds from the above sales of shares are to be used by the Company for working capital. Following the sale of the above restricted Common Shares, we now have 502,030,821 shares of Common Stock issued and outstanding as of the date of this report.

Note 2 _ Summary of Significa_2

Note 2 – Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the unaudited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosures contained in the unaudited financial statements for the most recent fiscal period, as reported in the 2021 Annual Report, have been omitted.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at January 31, 2022 and April 30, 2021 were $680,909 and $7,210,200, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. 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 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 the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at January 31, 2022 and April 30, 2021.
Basic Earnings (Loss) Per Share	Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. The Company does not have any potentially dilutive instruments as of January 31, 2022 and, thus, anti-dilution issues are not applicable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of January 31, 2022. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses.
Related Parties	Related Parties The Company follows ASC 850, Related Party Disclosures,
Share-Based Compensation	Share-Based Compensation ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” The Company had no stock-based compensation plans as of January 31, 2022. The Company’s stock-based compensation for the periods ended January 31, 2022 and January 31, 2021 were $0 and $5,880,579,874, respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 We have no assets and or leases and do not believe we will be impacted in the foreseeable future by the newly adopted accounting standard(s) mentioned above. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note 4 _ Income Taxes (Details

Note 4 – Income Taxes (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended		22 Months Ended
	Jan. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Jan. 31, 2021	Oct. 31, 2020	Jul. 31, 2020	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022
Income Tax Disclosure [Abstract]
NET INCOME (LOSS)	$ (1,209,849)	$ (1,169,056)	$ (1,164,323)	$ (5,880,866,796)	$ (58,019)	$ (21,241)	$ (3,543,228)	$ (5,880,946,556)	$ 5,885,207,506
Deferred Income Tax Assets, Net	$ 1,235,893,576						$ 1,235,893,576		$ 1,235,893,576

Note 7 _ Accrued Expenses (Deta

Note 7 – Accrued Expenses (Details Narrative) - USD ($)	Jan. 31, 2022	Apr. 30, 2021
Payables and Accruals [Abstract]
Accrued Liabilities, Current	$ 1,008,875	$ 492,357