NOTE 6 - PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2022

Notes

NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

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

	July 31, 2022	April 30, 2022
Office equipment	$450,392	$434,867
Auto and trucks	561,302	581,314
Manufacturing equipment	6,358,604	6,481,114
Buildings	9,243,693	9,452,467
Construction in process	16,820	17,200
Property and equipment, gross	16,630,811	16,966,962
Less: accumulated depreciation	(9,585,205)	(9,481,229)
Property and equipment, net	$7,045,606	$7,485,733

For the three months ended July 31, 2022 and 2021, depreciation expense totaled $317,326 and $368,436, of which $269,899 and $313,733 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.