PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2019

Property and equipment consisted of the following at:

	July 31, 2019			April 30,2019

Office furniture and equipment	$	13,864		$	13,864
Computer equipment and software		10,962			10,962
Refinery land		67,088			67,088
Refinery land improvements		443,928			441,465
Refinery land easements		37,015			37,015
		572,857			570,394
Less accumulated depreciation and amortization		(47,814	)		(39,227	)

	$	525,043		$	531,167

On July 28, 2017, the Company acquired 126 acres of land located near Fort Stockton, Texas for $67,088. This 126-acre parcel is the tract on which the Company intends to build a crude oil refinery (Note 6). Subsequently through July 31, 2019, the Company incurred a total of $480,942 additional costs to acquire certain easements related to the land parcel and make other improvements.

Depreciation and amortization expense totaled $8,587 and $571 for the three months ended July 31, 2019 and 2018, respectively.