Note 9 - Intangible Assets

12 Months Ended

Apr. 30, 2016

Notes

Note 9 - Intangible Assets

NOTE 9 – INTANGIBLE ASSETS

Intangible assets as of the balance sheet dates are summarized as follows:

	2016	2015
At cost:
Operating concession	$566,773	$592,934
Customer base	77,037	80,593
IT license and software	2,275,419	2,281,786
	2,919,229	2,955,313
Less: Accumulated depreciation	(1,309,388)	(1,178,142)
Intangible assets, net	$1,609,841	$1,777,171

Amortization expense attributable to continuing operations for the period ended April 30, 2016 and for the year ended May 31, 2015 amounted to $145,051 and $321,033, respectively.