Defense Technologies International Corp (DTII)

[Poco Parvenu]

10Q is out.

Inventory
Inventories are stated at the lower of cost using the first-in, first-out (FIFO) cost method of accounting. Inventories as of October 31, 2022 consist of parts used in assembly of the units being sold plus work in progress and finished goods. As of October 31, 2022 the value of the inventory was $98,801, consisting of raw materials of $20,713 and finished goods of $78,088 with no work in process compared to an inventory value of $69,649 as of April 30, 2022.

NOTE - 10: SUBSEQUENT EVENTS

On November 1, 2022 the Company issued 27,356 shares of common stock for the conversion of 4 shares of series D with a value of $4,103.

On November 15,2022, the company cancelled the sales license agreement with Virexit technologies, Inc.

On November 17, 2022 the Company issued 29,350 shares of common stock for 2,935 shares of series B preferred shares with a value of $8,071.

On November 15, 2022 the Company issued 9,333 shares of series B preferred with a value of $17,500 for the settlement of consulting fees and cancellation of the consulting agreement with Privateer Market Force, Inc.

On November 18, 2022 the Company cancelled a sales License agreement with Care, Inc.

The Company has evaluated subsequent events to determine events occurring after October 31, 2022 through the filing of this report that would have a material impact on the Company’s financial results or require disclosure other than those noted above.

Looks like DTII got rid of companies associated with Web Barth of Virexit, Privateer Market Force, etc. for non-performance, i.e. no sales from them.

LINK to 10Q