Quarterly report [Sections 13 or 15(d)]

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

v3.26.1
OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)
3 Months Ended
Jul. 31, 2026
Operating Lease Right-of-use Assets And Operating Lease Liabilities  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES

Right-of- use assets are summarized below:

 

    July 31, 2026    

April 30, 2026

 
Operating leases   $ 81,815     $ 96,223  

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2026

 

Operating Lease liabilities are summarized below:

 

    July 31, 2026     April 30, 2026  
Operating lease, current portion   $ 61,142     $ 59,475  
Operating lease, noncurrent portion     20,761       36,748  
Total lease liability   $ 81,903     $ 96,223  
SCHEDULE OF SUPPLEMENTAL CASH AND NON-CASH INFORMATION

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

 

    2026     2025  
    Period ended July 31,  
    2026     2025  
Cash paid for amounts included in the measurement of lease liabilities                
Operating cash flows from operating lease   $ 16,596     $ 15,423  
Lease assets obtained upon lease modification   $ -     $ 78,054  
SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

The remaining minimum lease payments under non-cancelable operating leases at July 31, 2026, are as follows:

 

         
Year ended April 30, 2027- remainder   $ 49,789  
Year ended April 30, 2028     38,281  
Total   $ 88,070  
Less: imputed interest     (6,167 )
Total present value of lease liability   $ 81,903