NOTE 6 - PROPERTY AND EQUIPMENT

6 Months Ended

Oct. 31, 2022

Notes

NOTE 6 - PROPERTY AND EQUIPMENT

NOTE 6 - PROPERTY AND EQUIPMENT

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

	October 31, 2022	April 30, 2022
Office equipment	$ 420,808	$434,867
Auto and trucks	517,964	581,314
Manufacturing equipment	5,925,285	6,481,114
Buildings	8,529,981	9,452,467
Construction in process	15,521	17,200
Property and equipment, gross	15,409,559	16,966,962
Less: accumulated depreciation	(9,137,445)	(9,481,229)
Property and equipment, net	$ 6,272,114	$7,485,733

For the three months ended October 31, 2022 and 2021, depreciation expense totaled $311,353 and $336,757, of which $268,037 and $285,439 were included in cost of revenues, respectively, and remainder was included in operating expenses. For the six months ended October 31, 2022 and 2021, depreciation expense totaled $621,883 and $705,193, of which $532,156 and $599,172 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.