Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

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OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)
3 Months Ended
Jul. 31, 2024
Lessee Disclosure [Abstract]  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Right-of- use assets are summarized below:

 

   

July 31, 2024

   

April 30, 2024

 
Operating leases   $ 56,387     $ 70,331  

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2024

 

Operating Lease liabilities are summarized below:

 

    July 31, 2024     April 30, 2024  
Operating lease, current portion   $ 53,143     $ 57,486  
Operating lease, long term portion     3,244       12,845  
Total lease liability   $ 56,387     $ 70,331  
SCHEDULE OF SUPPLEMENTAL CASH AND NON-CASH INFORMATION

The following table includes supplemental cash and non-cash information related to the Company’s lease:

 

    2024     2023  
    Period ended July 31,  
    2024     2023  
Cash paid for amounts included in the measurement of lease liabilities                
Operating cash flows from operating lease   $ 15,259     $ 14,157  
SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

The remaining minimum lease payments under non-cancelable operating leases at July 31, 2024 are as follows:

 

         
Year ended April 30, 2025- remainder     45,776  
Year ended April 30, 2026     13,060  
Total   $ 58,836  
Less: imputed interest     (2,449 )
Total present value of lease liability   $ 56,387