NOTE 6 - PROPERTY AND EQUIPMENT

6 Months Ended

Oct. 31, 2021

Notes

NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

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

	October 31, 2021 (unaudited)	April 30, 2021
Office equipment	$430,778	$429,478
Auto and trucks	600,164	646,606
Manufacturing equipment	6,860,075	7,646,765
Buildings	9,681,574	10,476,629
Construction in process	17,690	17,522
Property and equipment, gross	17,590,281	19,217,000
Less: accumulated depreciation	(9,204,718)	(9,999,885)
Property and equipment, net	$ 8,385,563	$9,217,115

For the three months ended October 31, 2021 and 2020, depreciation expense totaled $336,757 and $322,121, of which $285,439 and $298,290 were included in cost of revenues, respectively, and remainder was included in operating expenses. For the six months ended October 31, 2021 and 2020, depreciation expense totaled $705,193 and $626,560, of which $599,172 and $581,013 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.