Intangible Assets

12 Months Ended

Apr. 30, 2022

Intangible Assets [Abstract]

Intangible Assets

NOTE H - INTANGIBLE ASSETS

Intangible Assets

Intangible assets subject to amortization are summarized as of April 30, 2022 and April 30, 2021, as follows:

	April 30, 2022				April 30, 2021
	Gross				Gross
	Carrying		Accumulated		Carrying		Accumulated
	Amount		Amortization		Amount		Amortization
Spitfire:
Non-contractual customer relationship		4,690,000		3,039,837		4,690,000		2,693,251
Wagz:
Trade name		1,230,000		20,500		-		-
Patents		9,730,000		180,185		-		-
Total	$	15,650,000	$	3,240,522	$	4,690,000	$	2,693,251

Estimated aggregate amortization expense for the Company’s intangible assets, which become fully amortized in 2040, for the remaining fiscal years is as follows:

For the fiscal years ending April 30:
	2023	$	941,184
	2024		933,898
	2025		926,758
	2026		919,751
	2027		912,956
	Thereafter		7,774,931
		$	12,409,478

Amortization expense was $547,271 and $354,200 for the years ended April 30, 2022 and April 30, 2021, respectively.