PROPERTY AND EQUIPMENT

6 Months Ended

Oct. 31, 2020

Property and equipment consisted of the following:

	October 31, 2020			April 30, 2020

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		452,005			452,005
Refinery land easements		37,015			37,015
		580,934			580,934
Less accumulated depreciation and amortization		(91,328	)		(73,890	)

	$	489,606		$	507,044

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 April 30, 2020, the Company incurred a total of $478,480 additional costs to acquire certain easements related to the land parcel and make other improvements.

Depreciation and amortization expense totaled $8,720 and $8,638 for the three months ended October 31, 2020 and 2019, respectively, and totaled $17,438 and $17,225 for the six months ended October 31, 2020, respectively.