PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2018

NOTE 8 –PROPERTY AND EQUIPMENT

During the year December 31, 2017, the Company pursuant to the Joint Venture purchased certain technological equipment for $347,500. The equipment is being depreciated on the straight line method over 7 years. Depreciation for this equipment has been determined to be 7 years.

During the three months ended July 31, 2018. The Company paid a deposit with the Patent Holder for another piece of equipment under the Joint Venture. As of July 31, 2018, the equipment is 50% complete, and under the terms of the Joint Venture has incurred costs of $175,000 and remitted an additional amount to the Patent Holder.

Depreciation expense for the three-month periods ended July 31, 2018 and July 31, 2017 is $12,411 and $0, respectively.

	As of July 31, 2018			As of April 30, 2018
Furniture and equipment	$	-		$	-
Machinery – Technology Equipment CIP		175,000			-
Machinery – Technology Equipment		347,500			-
Total property and equipment		522,500			-
Less accumulated depreciation		(37,233	)		-
	$	485,267		$	-