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Commitments and Contingencies
12 Months Ended
Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 9 – COMMITMENTS AND CONTINGENCIES

 

The Company leases its corporate office and coffee distribution and storage facility located at Building B, #439, Jinyuan Ba Lu, Jiangqiao Town, Jiading District, Shanghai 201812, China. A new lease commenced on October 1, 2013, and expires on September 30, 2017. The leased area is approximately 92 square meters (990 square feet).

 

The Company leases its corporate administration and sales office and coffee distribution located at 1329 Xikang Road, #110, Putuo District, Shanghai 200060, China. Lease commenced on January 16, 2016 and expires on January 31, 2017. The lease area is approximately 21.08 square meters (227 square feet).

 

The Company also leases a warehouse for its coffee roasting and manufacturing at 801 Jiahe Road, 2nd Floor, Nanxun Town, Huzhou City, 313009, Zhejiang, China. The leased area is approximately 1,041 square meters (11,205 square feet). The lease commenced on August 18, 2012, and expired on August 17, 2015. This lease was extended for additional three and half years term expiring on August 17, 2019.

 

Total lease payments for the years ended April 30, 2016 and 2015 were $30,795 and $27,534, respectively. Future lease payments required subsequent to April 30, 2016, are as follows:

 

Years   Amount
April 30, 2017 $ 33,718
April 30, 2018 $ 31,140
April 30, 2019 $ 32,281