Next Meats (NXMH) 10-Q/A 4 Apr 23 2023 Q3 Quarterly report (amended) Financial data

Cover

Cover - shares	9 Months Ended
	Jan. 31, 2023	Apr. 04, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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
Common Stock, Shares, Outstanding	502,562,280	502,562,280	502,255,600	502,255,600	502,255,600	501,153,186	500,000,000	500,000,000	500,000,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Current Assets
Cash and cash equivalents	$ 62,222	$ 620,297
Accounts receivable	533,869	1,288,591
Accounts receivable - related party	193
Short term loans receivable	165,897
Advance payments and prepaid expenses	1,304,071	1,335,832
Inventories	449,034	598,044
TOTAL CURRENT ASSETS	2,515,286	3,842,764
Non-current assets
Equipment, net depreciation	147,928	168,241
Construction in progress	145,452	282,230
Land and improvements	1,063,447	1,093,028
Long term prepaid expenses		2,695
Deferred assets		739
Security deposits	145,728	151,403
Stock		187,500
TOTAL NON-CURRENT ASSETS	1,502,555	1,885,836
TOTAL ASSETS	4,071,841	5,728,600
Current Liabilities
Accrued expenses and other payables	644,846	558,360
Short term loans	28,171
Short term loans, related party	27,219
Income tax payable		23,841
TOTAL CURRENT LIABILITIES	700,236	582,201
Loans	121,767	271,613
Other long term liabilities	1,740
TOTAL LIABILITIES	823,743	853,814
Preferred stock ($0.001 par value, 20,000,000 shares authorized, 0 issued and outstanding as of January 31, 2023 and April 30, 2022)
Common stock ($0.001 par value, 1,000,000,000 shares authorized, 502,562,280 and 502,255,600 shares issued and outstanding as of January 31, 2023 and April 30, 2022, respectively)	502,562	502,256
Additional paid-in capital	5,893,324,262	5,893,031,815
Accumulated deficit	(5,889,278,932)	(5,887,460,258)
Accumulated other comprehensive income(loss)	(1,353,794)	(1,199,027)
TOTAL SHAREHOLDERS' EQUITY	3,194,098	4,874,786
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,017,841	$ 5,728,600

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2023	Apr. 30, 2022
Statement of Financial Position [Abstract]
preferred par value	$ 0.001
preferred authorized	20,000,000
preferred issued	0
common par value	$ 0.001
common stock authorized	1,000,000,000
common issued	502,562,280	502,255,600

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
REVENUES
Revenues	$ 221,567	$ 1,110,497	$ 1,092,882	$ 6,294,577
Cost of revenues	209,841	703,454	977,302	5,778,596
GROSS PROFIT (LOSS)	11,726	407,043	115,581	515,981
OPERATING EXPENSE
Depreciation	12,534	14,033	30,516	38,782
General and administrative expenses	315,174	1,605,771	2,048,038	3,981,041
Total operating expenses	327,708	1,619,804	2,078,554	4,019,823
Income (loss) from operations	(312,982)	(1,212,761)	(1,962,973)	(3,503,842)
Other income (expense)
Interest expense	(1,692)	(1,821)	(5,386)	(3,305)
Other expense	34,942	(4,950)	(88,129)	(6,999)
Other income	192,956	6,395	237,814	12,801
Total other income (expenses)	226,206	(376)	144,299	2,497
Net income (loss) before tax	(89,776)	(1,213,137)	(1,818,674)	(3,501,345)
Income tax expense	(341)	(3,288)		41,884
NET INCOME (LOSS)	(89,435)	(1,209,849)	(1,818,674)	(3,543,229)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment	397,698	(80,604)	(154,767)	(343,126)
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 308,263	$ (1,290,453)	$ (1,973,441)	$ (3,886,355)
Income per common share
Basic	$ 0	$ 0	$ 0	$ (0.01)
Diluted
Weighted average common shares outstanding
Basic	502,465,609	500,426,177	502,193,032	500,142,059
Diluted

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders' Equity/ Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid in Capital	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Common Shares Outstanding					500,000,000
Balance, value	$ 500,000	$ 5,889,168,832	$ (70,061)	$ (5,881,664,278)	$ 7,986,866
Beginning balance, value at Apr. 30, 2021	500,000	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Contributed 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	5,889,168,832	(70,061)	(5,881,664,278)	7,986,866
Net loss					$ (3,543,229)
Common Shares Outstanding					500,000,000
Balance, value	500,000	5,889,372,517	(115,367)	(5,882,828,601)	$ 6,980,922
Beginning balance, value at Jul. 31, 2021	500,000	5,889,372,517	(115,367)	(5,882,828,601)	6,980,922
Contributed capital		15,700			15,700
Net loss				(1,165,034)	(1,165,034)
Foreign currency translation			(216,884)		$ (216,884)
Common Shares Outstanding					500,000,000
Balance, value	500,000	5,889,388,217	(332,251)	(5,883,993,636)	$ 7,432,314
Beginning balance, value at Oct. 31, 2021	500,000	5,889,388,217	(332,251)	(5,883,993,636)	7,432,314
Net loss				(1,209,849)	(1,209,849)
Foreign currency translation			(80,604)		$ (80,604)
Common Shares Outstanding					501,153,186
Balance, value	501,153	5,891,459,779	(412,855)	(5,885,203,484)	$ 6,467,389
Common Shares Outstanding					502,255,600
Balance, value	502,256	5,893,031,815	(1,199,027)	(5,887,460,258)	$ 4,874,786
Beginning balance, value at Apr. 30, 2022	502,256	5,893,031,815	(1,199,027)	(5,887,460,258)	4,874,786
Contributed capital		4,612			4,612
Net loss				(942,498)	(942,498)
Foreign currency translation			(182,451)		(182,451)
Beginning balance, value at Apr. 30, 2022	502,256	5,893,031,815	(1,199,027)	(5,887,460,258)	4,874,786
Net loss					$ (1,818,674)
Common Shares Outstanding					502,255,600
Balance, value	502,256	5,893,036,428	(1,381,478)	(5,888,402,756)	$ 3,754,449
Beginning balance, value at Jul. 31, 2022	502,256	5,893,036,428	(1,381,478)	(5,888,402,756)	3,754,449
Contributed capital		82,671			82,671
Net loss				(786,741)	(786,741)
Foreign currency translation			(370,014)		$ (370,014)
Common Shares Outstanding					502,255,600
Balance, value	502,256	5,893,119,099	(1,751,492)	(5,889,189,497)	$ 2,680,367
Beginning balance, value at Oct. 31, 2022	502,256	5,893,119,099	(1,751,492)	(5,889,189,497)	2,680,367
Net loss				(89,435)	(89,435)
Foreign currency translation			397,698		397,698
Common shares sold	306	205,164			$ 205,470
Common Shares Outstanding					502,562,280
Balance, value	$ 502,562	$ 5,893,324,262	$ (1,353,794)	$ (5,889,278,932)	$ 3,194,098

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity/ Deficit Continued (Unaudited) - USD ($)	Common Stock [Member]	Noncontrolling Interest [Member]	Additional Paid in Capital	Subscription and Circulation [Member]	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Common Shares Outstanding							500,000,000
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							$ (3,543,229)
Common Shares Outstanding							500,000,000
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						(1,165,034)	(1,165,034)
Foreign currency translation					(216,884)		(216,884)
Non-controlling interest		70,422					70,422
Deposit for shares subscription				1,747,188			$ 1,747,188
Common Shares Outstanding							500,000,000
Balance, value	500,000	122,796	5,889,388,217	1,747,188	(332,251)	(5,883,993,636)	$ 7,432,314
Beginning balance, value at Oct. 31, 2021	500,000	122,796	5,889,388,217	1,747,188	(332,251)	(5,883,993,636)	7,432,314
Net loss						(1,209,849)	(1,209,849)
Foreign currency translation					(80,604)		(80,604)
Common shares sold	1,153		2,305,218	(1,747,188)			559,183
Expenses paid by subsidiary			(233,656)				$ (233,656)
Common Shares Outstanding							501,153,186
Balance, value	501,153	$ 122,796	5,891,459,779		(412,855)	(5,885,203,484)	$ 6,467,389
Common Shares Outstanding							502,255,600
Balance, value	502,256		5,893,031,815		(1,199,027)	(5,887,460,258)	$ 4,874,786
Beginning balance, value at Apr. 30, 2022	502,256		5,893,031,815		(1,199,027)	(5,887,460,258)	4,874,786
Expenses paid on behalf of the company and contributed to capital			4,612				4,612
Net loss						(942,498)	(942,498)
Foreign currency translation					(182,451)		(182,451)
Beginning balance, value at Apr. 30, 2022	502,256		5,893,031,815		(1,199,027)	(5,887,460,258)	4,874,786
Net loss							$ (1,818,674)
Common Shares Outstanding							502,255,600
Balance, value	502,256		5,893,036,428		(1,381,478)	(5,888,402,756)	$ 3,754,449
Beginning balance, value at Jul. 31, 2022	502,256		5,893,036,428		(1,381,478)	(5,888,402,756)	3,754,449
Expenses paid on behalf of the company and contributed to capital			82,671				82,671
Net loss						(786,741)	(786,741)
Foreign currency translation					(370,014)		$ (370,014)
Common Shares Outstanding							502,255,600
Balance, value	502,256		5,893,119,099		(1,751,492)	(5,889,189,497)	$ 2,680,367
Beginning balance, value at Oct. 31, 2022	502,256		5,893,119,099		(1,751,492)	(5,889,189,497)	2,680,367
Net loss						(89,435)	(89,435)
Foreign currency translation					397,698		$ 397,698
Common Shares Outstanding							502,562,280
Balance, value	$ 502,562		$ 5,893,324,262		$ (1,353,794)	$ (5,889,278,932)	$ 3,194,098

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,818,674)	$ (3,543,229)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	30,516	38,782
Loss on the sale of fixed asset	371
Loss on the sale of stock	39,876
Changes in operating assets and liabilities:
Accounts receivable	754,722	(1,510,662)
Accounts receivable - related party	(192)
Short term loan receivable	(165,897)
Accrued expenses and other payables	86,486	516,518
Advance payments and prepaid expenses	34,456	(2,430,812)
Accounts payable - related party		(2,358)
Security deposits	5,676	(7,436)
Deferred assets	739
Income tax payable	(23,841)	(3,679)
Inventories	149,010	(167,127)
Net cash used in operating activities	(906,752)	(7,110,003)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for equipment	(10,574)	(26,471)
Construction in progress	136,777	(145,715)
Land and improvements	29,581	(1,220,093)
Cash paid for stock		(349,595)
Cash received for the sale of stock	147,624
Net cash provided by (used in) investing activities	303,409	(1,741,875)
CASH FLOWS FROM FINANCING ACTIVITIES
Expenses contributed to capital	87,283	(14,271)
Common shares sold	205,470	2,306,371
Loans	(92,715)	303,188
Stock issuance		70,422
Net cash provided by (used in) financing activities	200,038	2,665,711
Net effect of exchange rate changes on cash	(154,767)	(343,126)
Net Change in Cash and Cash Equivalents	(558,075)	(6,529,291)
Cash and cash equivalents - beginning of period	620,297	7,210,200
Cash and cash equivalents - end of period	62,222	680,909
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	1,692	1,821
Income taxes paid	23,841
NON-CASH INVESTING AND FINANCING TRANSACTIONS

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	9 Months Ended
	Jan. 31, 2023
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 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, at the time of sale, the majority shareholders of Next Meats Co., Ltd. were Ryo Shirai, Hideyuki Sasaki, and Koichi Ishizuka. The Purchase Price was paid with personal funds of the majority shareholders of Next Meats Co., Ltd. (referred to herein as “NMCO”). 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 now former 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 now former 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 at the time, 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 (now former) 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, 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. It was later dissolved in December of 2022 as detailed later on below. 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. On or about February 8, 2022, we incorporated Next Meats HK Co. Limited (“Next Meats HK”), a Hong Kong Company. Next Meats HK is now a wholly owned subsidiary of the Company. The Registry Number associated with this entity in Hong Kong is 3126390. On or about March 2, 2022, we incorporated Next Meats (S) Pte. Ltd. (“Next Meats Singapore”), a Singapore Company. Next Meats Singapore. is now a wholly owned subsidiary of the Company. The Company Registration Number in Singapore is 202207295H. These financial statements consolidate those of NXMH, NMCO, NXMH USA, Next Meats HK, NextMeats France and Next Meats Singapore. 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 December 28, 2021, Ryo Shirai resigned as our Chief Executive Officer and was appointed Chairman of the Board of Directors. Ryo Shirai was formerly a Director prior to being elevated to Director and also Chairman of the Board. 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. -F5- Table of Contents On July 12, 2022, Mr. Ryo Shirai resigned as the Company’s Chairman of the Board of Directors and as a Director. Mr. Shirai's resignations were a result of personal health issues. The resignations of Mr. Ryo Shirai were not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. The Company’s Board of Directors is now only comprised of two members. On November 22, 2022, Ryo Shirai sold 8,229,451 shares of restricted Common Stock of the Issuer to White Knight Co., Ltd., a Japanese Company owned and controlled by Koichi Ishizuka, the Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of Directors of the Company, at a price of $0.001 per share of Common Stock. The total subscription amount paid by White Knight Co., Ltd. was approximately $8,229. Ryo Shirai was formerly the Company’s Chief Executive Officer and Chairman of the Board of Directors, until his resignations on December 28, 2021. On November 22, 2022, Ryo Shirai sold 79,521,051 shares of restricted Common Stock of the Issuer to Koichi Ishizuka, a Japanese Citizen, at a price of $0.001 per share of Common Stock. The total subscription amount paid by Koichi Ishizuka was approximately $79,521. On November 22, 2022, Ryo Shirai sold 25,112,780 shares of restricted Common Stock of the Issuer to Hiroki Tajiri, a Japanese Citizen, at a price of $0.001 per share of Common Stock. The total subscription amount paid by White Knight Co., Ltd. was approximately $25,113. Hiroki Tajiri is a board member of Next Meats Co., Ltd., a subsidiary of Next Meats Holdings, Inc. On November 22, 2022, Hideyuki Sasaki sold 112,863,282 shares of restricted Common Stock of the Issuer to White Knight Co., Ltd., a Japanese Company owned and controlled by Koichi Ishizuka, at a price of $0.001 per share of Common Stock. The total subscription amount paid by White Knight Co., Ltd. was approximately $112,863. Hideyuki Sasaki is currently the Chief Operating Officer, and a Director of the Company. As a result of the sales of Common Stock conducted by Ryo Shirai and Hideyuki Sasaki, the controlling shareholder of the Company is now Koichi Ishizuka, directly and through his control of White Knight Co., Ltd. Following the above transactions, Ryo Shirai retains 50,225,560 shares of restricted common stock of the Company while Hideyuki Sasaki also retains 50,225,560 shares of restricted common stock of the Company. In December of 2022, we dissolved NextMeats France, a French Entity. We do not believe there to be a great enough demand for our products in France and surrounding areas, although we do still intend to offer our products in areas of Europe in the future. 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, 2023
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, 2023 and April 30, 2022 were $62,222 $620,297, 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, 2023 and April 30, 2022. 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, 2023 and, thus, anti-dilution issues are not applicable. Fair Value of Financial Instruments 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, 2023. 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, for the identification of related parties and disclosure of related party transactions. 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, 2023. The Company’s stock-based compensation for the periods ended January 31, 2023 and January 31, 2022 was $0 for both periods. 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. -F6- Table of Contents

Note 3 - Going Concern

Note 3 - Going Concern	9 Months Ended
	Jan. 31, 2023
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. Currently, management plans to fund some operating expenses with related party contributions to capital, or through the sale of equity, until there is sufficient revenue to cover all operating expenses. There is no assurance that management's plans 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, 2023
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, 2023, the Company has incurred a net loss of approximately $8,699,058 $1,823,802

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	9 Months Ended
	Jan. 31, 2023
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, 2023.

Note 6 - Stock

Note 6 - Stock	9 Months Ended
	Jan. 31, 2023
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, at the time, 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 from 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. On or about July 1, 2022, the Company sold 5,000 shares of Series Z Preferred Stock of Dr. Foods, Inc. FKA Catapult Solutions, Inc., a Nevada Company (“DRFS”), to WKC at a price of approximately $147,624 USD (20,000,000 Japanese Yen) (“The Share Purchase Agreement”). The purchase of shares was made for investment purposes. The consummation of the transaction contemplated by the Share Purchase Agreement resulted in the Company no longer having an equity position in DRFS and with WKC becoming the largest controlling shareholder of DRFS. Following the aforementioned transaction, WKC owns approximately 79.22% voting control of DRFS. NXMH intends to use the proceeds from the aforementioned sale for working capital. The Board of Directors of NXMH, WKC, and DRFS unanimously approved the above transaction.

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	9 Months Ended
	Jan. 31, 2023
Payables and Accruals [Abstract]
Note 7 - Accrued Expenses	Note 7 - Accrued Expenses Accrued expenses and other payables totaled $644,846 $558,360

Note 8 - Shareholders_ Equity

Note 8 - Shareholders’ Equity	9 Months Ended
	Jan. 31, 2023
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, 2023 and April 30, 2022. 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 502,255,600 shares of common stock issued and outstanding as of January 31, 2023 and April 30, 2022. 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. Demic Co., Ltd is not considered a related party to the Company. 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. 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. Daisuke Kuroika is not considered a related party to the Company. 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. On or about March 29, 2022, we sold 133,779 shares of restricted Common Stock to Hidemi Arasaki, a Japanese Citizen, at a price of $1.30 per share of Common Stock. The total subscription amount paid by Hidemi Arasaki was approximately $173,913. Hidemi Arasaki is not a related party to the Company. On or about April 5, 2022, we sold 91,000 shares of restricted Common Stock to Interwoos Co., Ltd., a Japanese Company, at a price of $0.90 per share of Common Stock. The purchase of Common Stock by Interwoos Co., Ltd. was authorized by its Chief Executive Officer Mr. Nobutaka Yoshii. The total subscription amount paid by Interwoos Co., Ltd. was approximately $81,900. Interwoos Co., Ltd. is not a related party to the Company. On or about November 28, 2022, we sold 306,680 shares of restricted Common Stock to Motohiro Tomiyama, a Japanese Citizen, at a price of $0.67 per share of Common Stock. The total subscription amount paid by Motohiro Tomiyama was approximately $205,470. Motohiro Tomiyama is not a related party to the Company. The proceeds from the above sales of shares are to be used by the Company for working capital.

Note 9 - Related-Party Transact

Note 9 - Related-Party Transactions	9 Months Ended
	Jan. 31, 2023
Related Party Transactions [Abstract]
Note 9 - Related-Party Transactions	Note 9 - Related-Party Transactions Accounts receivable During the period ended January 31, 2023, our subsidiary, Next Meats Japan Co., Ltd, paid expenses, totaling approximately $180, on behalf of WB Burgers Japan Co., Ltd which is controlled by our CEO Koichi Ishizuka. During the period ended January 31, 2023, our subsidiary, Next Meats Hong Kong Co., Ltd, paid expenses, totaling approximately $13) on behalf of a shareholder of the Company. The Company expects repayment of the above accounts receivable in the fourth fiscal quarter. Short term loans During the period ended January 31, 2023, our subsidiary, Next Meats Japan Co., Ltd., was loaned approximately $ 24,527 During the period ended January 31, 2023, our subsidiary, Next Meats Hong Kong Co., Ltd., was loaned approximately $ 2,693 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, 2023
Subsequent Events [Abstract]
Note 10 - Subsequent Events	Note 10 - Subsequent Events None.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2023
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, 2023 and April 30, 2022 were $62,222 $620,297,
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, 2023 and April 30, 2022.
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, 2023 and, thus, anti-dilution issues are not applicable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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, 2023. 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, for the identification of related parties and disclosure of related party transactions.
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, 2023. The Company’s stock-based compensation for the periods ended January 31, 2023 and January 31, 2022 was $0 for both periods.
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 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents, As of	$ 62,222	$ 620,297

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Narrative)	Jan. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Net Loss, As of	$ 8,699,058
Deferred Tax Asset	$ 1,823,802

Note 7 - Accrued Expenses (Deta

Note 7 - Accrued Expenses (Details Narrative) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Payables and Accruals [Abstract]
Accrued expenses and other payables	$ 644,846	$ 558,360

Note 9 - Related-Party Transa_2

Note 9 - Related-Party Transactions (Details Narrative)	9 Months Ended
	Jan. 31, 2023 USD ($)
Related Party Transactions [Abstract]
Loan from officers to subsidiary	$ 24,527
Loan from director to subsidiary	$ 2,693