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NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS
6 Months Ended
Oct. 31, 2022
Notes  
NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets as of October 31, 2022 and April 30, 2022 totaled $3,711,037 and $2,765,819, respectively. As of October 31, 2022, prepaid expenses and other current assets includes $2,456,119 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, and $1,254,918 for business related employees' advances and advances to the third party. As of April 30, 2022, prepaid expenses and other current assets includes $1,510,032 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, $1,255,787 for business related employees' advances and advances to the third party.