NOTE 7 - LAND USE RIGHTS	3 Months Ended
Jul. 31, 2021
Notes
NOTE 7 - LAND USE RIGHTS	NOTE 7 – LAND USE RIGHTS The Company acquired the land use rights for Qufu Shengren factory in cash. Qufu Shengren owns and operates a stevia facility with an annual production capable of 500 metric tons per year on 44,486 square meters (478,843 square feet) of land located in Qufu city, Shandong. The Company occupies this land pursuant to an asset acquisition agreement entered into with Pharmaceutical Corporation, a related party, to acquire the land use rights for this facility. The land use right was transferred from Pharmaceutical Corporation to Qufu Shengren, and the Company received Real Property Certificate issued by local government on May 18, 2021. The land use right expires in March 2054. The initial cost of this land use rights is RMB13,256,420 (approximately $2,052,000). We use the straight-line method for amortization over a period 33 years. During the first quarter of fiscal 2022, amortization expense amounted to $15,825. Land use right with net book value of $2,035,819 as of July 31, 2021.

NOTE 7 - LAND USE RIGHTS

3 Months Ended

Jul. 31, 2021

NOTE 7 – LAND USE RIGHTS

The Company acquired the land use rights for Qufu Shengren factory in cash. Qufu Shengren owns and operates a stevia facility with an annual production capable of 500 metric tons per year on 44,486 square meters (478,843 square feet) of land located in Qufu city, Shandong. The Company occupies this land pursuant to an asset acquisition agreement entered into with Pharmaceutical Corporation, a related party, to acquire the land use rights for this facility. The land use right was transferred from Pharmaceutical Corporation to Qufu Shengren, and the Company received Real Property Certificate issued by local government on May 18, 2021. The land use right expires in March 2054. The initial cost of this land use rights is RMB13,256,420 (approximately $2,052,000). We use the straight-line method for amortization over a period 33 years. During the first quarter of fiscal 2022, amortization expense amounted to $15,825. Land use right with net book value of $2,035,819 as of July 31, 2021.