NOTE 6 - PROPERTY AND EQUIPMENT

9 Months Ended

Jan. 31, 2022

Notes

NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

As of January 31, 2022 and April 30, 2021, property and equipment consisted of the following:

	January 31, 2022 (unaudited)	April 30, 2021
Office equipment	$449,966	$429,478
Auto and trucks	604,381	646,606
Manufacturing equipment	6,987,469	7,646,765
Buildings	9,886,116	10,476,629
Construction in process	17,814	17,522
Property and equipment, gross	17,945,746	19,217,000
Less: accumulated depreciation	(9,638,773)	(9,999,885)
Property and equipment, net	$8,306,973	$9,217,115

For the three months ended January 31, 2022 and 2021, depreciation expense totaled $368,663 and $349,535, of which $317,272 and $301,655 were included in cost of revenues, respectively, and remainder was included in operating expenses. For the nine months ended January 31, 2022 and 2021, depreciation expense totaled $1,073,856 and $976,095, of which $916,444 and $882,668 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.