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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 1,639,301 $ (655,026)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expenses 371,696 437,408
Bad debt expense 225,766
Provision for inventory shrinkage reserve (130,056) 15,263
Change in deferred taxes (3,125)
Changes in operating assets and liabilities:    
Accounts receivable (258,309)
Accounts receivable - related party 243,881 264,041
Inventories 343,513 (391,258)
Prepayments (819,592) (722,797)
Other receivables and other current assets (504,758) 73,520
Security deposits 5,654 1,545
Accounts payable (589,651) 1,431,386
Accounts payable - related party (161,677)
Accrued expenses and other payables (503,338) 641,537
Contract Liabilities 68,037 194,077
Operating lease liabilities 203,940 187,139
Taxes payables 334,622 16,041
Other long-term payables 18,287 (5,400)
Net cash provided by operating activities 484,191 1,487,476
Cash flows from investing activities    
Repayments from other receivables – related parties 490,914
Payments of equipment purchase (49,388) (58,545)
Payment of intangible assets (5,242)
Payment for acquisition of subsidiary (2,500,000)
Loans repaid by (provided to) third parties 4,410,270 (3,712,124)
Net cash provided by (used in) investing activities 1,860,882 (3,284,997)
Cash flows from financing activities    
Bank overdraft (281,941)
Proceeds from loans 1,916,470
Repayments on loan payables (362,731)
Payment to other receivables – related parties 11,005
Repayments (to) borrowings from – related parties (112,970) 64,827
Net cash provided by (used in) financing activities (746,637) 1,981,297
Net changes in cash and restricted cash 1,598,436 183,776
Cash and restricted cash at the beginning of the year 972,431 788,655
Cash and restricted cash at the end of the year 2,570,867 972,431
Supplemental disclosure of cash and restricted cash    
Cash 2,569,766 898,061
Restricted cash 1,101 74,370
Total cash and restricted cash 2,570,867 972,431
Supplemental disclosure of cash flow information    
Cash paid for interest 70,795 73,759
Cash paid for income taxes 8,481 4,000
Supplemental disclosure of non-cash investing and financing activities    
Purchase price of equity security investments included in other payables - related parties 203,440
Increase of right-of-use assets and lease liabilities $ 8,454,300