NOTE 6 - PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2021

Notes

NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

As of July 31, 2021 and April 30, 2021, property and equipment consisted of the following:

	July 31, 2021 (unaudited)	April 30, 2021
Office equipment (3-15 Years)	$424,928	$429,478
Auto and trucks (2-10 Years)	594,981	646,606
Manufacturing equipment (2-15 Years)	6,618,242	7,646,765
Buildings (5-30 Years)	9,597,965	10,476,629
Construction in process	17,537	17,522
Property and equipment, gross	17,253,653	19,217,000
Less: accumulated depreciation	(8,788,951)	(9,999,885)
Property and equipment, net	$8,464,702	$9,217,115

For the three months ended July 31, 2021 and 2020, depreciation expense totaled $368,436 and $304,440, of which $313,733 and $282,725 were included in cost of revenues, respectively, and remainder was included in operating expenses. Depreciation is not taken during the period of construction or equipment installation. Upon completion of the installation of manufacturing equipment or any construction in progress, construction in progress balances will be classified to their respective property and equipment category.