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ACCRUED EXPENSES
12 Months Ended
Apr. 30, 2023
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 3 – ACCRUED EXPENSES

 

Accrued expenses at April 30, 2023 and 2022 are summarized below: 

        
   2023   2022 
Payroll related costs  $112,894   $118,062 
R&D costs   287,310    377,155 
Other   58,096    3,793 
Total  $458,300   $499,009 

 

The Director and Officer Insurance Policy for the policy term of September 8, 2021 through September 8, 2022, was paid in full on August 8, 2021. The Company financed the Director and Officer Insurance Policy for the policy term of March 8, 2021, through September 8, 2021. The financing agreement had an interest rate of 4.85% per annum and required eight monthly payments of $12,829. There were no unpaid balances as of April 30, 2023 and 2022.