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PROPERTY AND EQUIPMENT

12 Months Ended

Apr. 30, 2014

5.	PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

		As of			As of
		April 30, 2014			April 30, 2013
Process, lab and office equipment	$	456,335		$	680,042
Site equipment		22,369			167,769
Total property and equipment		478,704			847,811
Less: accumulated depreciation		(237,265	)		(610,010	)
	$	241,439		$	237,801

Depreciation expense was $99,895 and $103,995 for the years ended April 30, 2014 and 2013, respectively. At January 31, 2014, the Company removed $327,240 in process, lab and office equipment and $145,400 in site equipment that was fully depreciated and disposed of through retirement.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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