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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities        
Net loss $ (26,724) $ (570,387) $ 1,639,301 $ (655,026)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization expenses 67,236 141,498 371,696 437,408
Bad debt expense     225,766
Bad debt reversal (105,322)    
Provision for inventory shrinkage reserve (3,237) 8,306 (130,056) 15,263
Investment loss 28,456    
Changes in deferred taxes (1,759) (302) (3,125)
Changes in operating assets and liabilities:        
Accounts receivable (76,974) (395,055) (258,309)
Accounts receivable – related party 22,611 322,815 243,881 264,041
Inventories 111,174 68,533 343,513 (391,258)
Prepayments 463,423 667,654 (819,592) (722,797)
Other receivables and other current assets 200,754 349,964 (504,758) 73,520
Security deposits     5,654 1,545
Accounts payable (154,894) 324,648 (589,651) 1,431,386
Accounts payable – related party 16,402 (535,552) (161,677)
Accrued expenses and other payables (58,795) 69,432 (503,338) 641,537
Contract Liabilities (78,499) (58,774) 68,037 194,077
Operating lease liabilities 67,547 46,862 203,940 187,139
Taxes payables 120,665 18,081 334,622 16,041
Other long-term payables 4,477 61,913 18,287 (5,400)
Net cash provided by operating activities 596,541 519,636 484,191 1,487,476
Cash flows from investing activities        
Bank overdraft    
Repayments from other receivables – related parties     490,914
Payments of equipment purchase (12,809) (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)
Investment into Good Fortune Arcadia (1,440,000)    
Net cash used in investing activities (1,452,809) 1,860,882 (3,284,997)
Cash flows from financing activities        
Proceeds from loans 7,363 1,916,470
Bank overdraft   (281,940) (281,941)
Repayments on loan payables (101,417) (362,731)
Payment to other receivables – related parties     11,005
Repayments (to) borrowings from – related parties     (112,970) 64,827
Borrowings from related parties 482,120    
Net cash provided by (used in) financing activities (101,417) 207,543 (746,637) 1,981,297
Net changes in cash and restricted cash (957,685) 727,179 1,598,436 183,776
Cash and restricted cash at the beginning of the period 2,570,867 972,431 972,431 788,655
Cash and restricted cash at the end of the period 1,613,182 1,699,610 2,570,867 972,431
Supplemental disclosure of cash and restricted cash        
Cash 1,612,081 1,698,509 2,569,766 898,061
Restricted cash 1,101 1,101 1,101 74,370
Total cash and restricted cash 1,613,182 1,699,610 2,570,867 972,431
Supplemental disclosure of cash flow information        
Cash paid for interest 35,814 7,635 70,795 73,759
Cash paid for income taxes $ 6,156 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