NOTE 11 -LOAN PAYABLE

9 Months Ended

Jan. 31, 2022

Notes

NOTE 11 -LOAN PAYABLE

NOTE 11 -LOAN PAYABLE

Short-term loan payable

Short-term loans are obtained from various individual lenders that are due within one year for working capital purpose. These loans are unsecured and can be renewed with 10 days or one month advance notice prior to maturity date. As of January 31, 2022 and April 30, 2021, short-term loans consisted of the following:

	January 31, 2022 (unaudited)	April 30, 2021
Loan from Min Wu, an employee of Qufu Shengren, due on October 5, 2022, with an annual interest rate of 10%, renewed on October 6, 2021.	$34,586	$34,019
Loans from Jianjun Yan,  due on October 6, 2021, with an annual interest rate of 10%, renewed on October 7, 2020, also see Note 8.	-	1,506,610
Loan from Jianjun Yan, due on March 31, 2022, with annual interest rate of 4%, renewed on April 1, 2021, also see Note 8.	-	806,711
Loan from Junzhen Zhang, non-related individual, due on October 5, 2022, with an annual interest rate of 10%, renewed on October 6, 2021 and accrued interest converted into debt principal.	30,435	27,215
Loan from Junzhen Zhang, non-related individual, due on November 30, 2022, with an annual interest rate of 10%, signed on December 1, 2021.	22,009	21,648
Multiple Loans from Jian Chen, non-related individual, due from May 20, 2022 to November 14, 2022, with an annual interest rate of 12%, signed from May 21, 2021 to November 15, 2021.	1,105,053	-
Loan from Qing Kong, non-related individual, due on March 6, 2022, with an annual interest rate of 10%, renewed on March 7, 2021.	100,299	98,655
Loan from Qing Kong, non-related individual, due on January 8, 2023, with an annual interest rate of 10%, renewed on January 9, 2022.	41,849	41,163
Loan from Guihai Chen, non-related individual, due on March 9, 2022, with an annual interest rate of 10%, renewed on March 10, 2021.	25,075	24,664
Loan from Guihai Chen, non-related individual, due on September 20, 2022, with an annual interest rate of 10%, renewed on September 21, 2021, and accrued interest converted into debt principal.	41,849	37,421
Loan from Weifeng Kong, non-related individual, due on November 28, 2022, with an annual interest rate of 10%, renewed on November 29, 2021.	31,442	30,926
Loan from Huagui Yong, non-related individual, due on April 8, 2022, with an annual interest rate of 6.3%, renewed on April 9, 2021.	78,604	77,316
Loan from Guohui Zhang, non-related individual, due on January 16, 2022, with an annual interest rate of 4% signed on January 17, 2021.	253,105	248,956
Total short-term loan payable	$1,764,306	$2,955,304

For the three and nine months ended January 31, 2022 and 2021, interest expense related to short-term loans amounted to $43,230 and $56,506, and $81,386 and $166,450, respectively, which were included in interest expense in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.