| Summary of Financial Assets and Liabilities |
Consistent with the valuation hierarchy contained
in ASC 820, we categorized certain of our financial assets and liabilities as follows:
| |
|
April 30, 2020 |
|
| |
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable, related party |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| Notes receivable |
|
|
118,047 |
|
|
|
- |
|
|
|
- |
|
|
|
118,047 |
|
| Investments in unconsolidated entities |
|
|
20,000 |
|
|
|
- |
|
|
|
- |
|
|
|
20,000 |
|
| Total assets |
|
$ |
138,047 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
138,047 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable |
|
$ |
115,745 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
115,745 |
|
| Notes payable |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total liabilities |
|
$ |
115,745 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
115,745 |
|
| |
|
April 30, 2019 |
|
| |
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable, related party |
|
$ |
3,446,114 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,446,114 |
|
| Investments in unconsolidated entities |
|
|
207,500 |
|
|
|
- |
|
|
|
- |
|
|
|
207,500 |
|
| Total assets |
|
$ |
3,653,614 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3,653,614 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable |
|
$ |
870,567 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
870,567 |
|
| Notes payable |
|
|
2,123,208 |
|
|
|
- |
|
|
|
- |
|
|
|
2,123,208 |
|
| Total liabilities |
|
$ |
2,993,775 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,993,775 |
|
|