Other Current Assets
 12 Months Ended
Apr. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

NOTE 6 – OTHER CURRENT ASSETS

 

Other current assets consist of the following:

 

    As of April 30,  
    2020     2019  
Prepaid expenses   $ 404,089     $ 270,625  
Right to recover asset     76,103       65,257  
Employee advances and other     554,787       37,428  
    $ 1,034,979     $ 373,310  

 

Prepaid expenses consist of payments for goods and services (such as trade show expenses and insurance premiums) which are expected to be consumed in the Company’s operations in the next operating cycle. Right to recover asset is associated with our customers’ right of return and is expected to be recovered in one year or less. As of April 30, 2020, employee advances include $554,630 due from a director in connection with payroll tax obligations associated with the exercise of stock warrants.