Property, Plant, and Equipment

3 Months Ended

Oct. 31, 2011

Property, Plant, and Equipment

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4 - PROPERTY AND EQUIPMENT

At October 31 and April 30, 2011, property and equipment consisted of the following:

	Estimated Life	October 31, 2011			April 30, 2011
		(unaudited)
Office Equipment	5-7 Years	$	42,300		$	39,568
Auto and Trucks	10 Years		826,169			796,099
Manufacturing Equipment	20 Years		11,229,908			11,364,168
Buildings	20 Years		6,685,298			6,607,434
			18,783,675			18,807,269
Less: Accumulated Depreciation			(5,430,249	)		(4,839,305	)
		$	13,353,426		$	13,967,964

For the six months ended October 31, 2011 and 2010, depreciation expense totaled $725,660 and $747,257, respectively. During the second quarter of fiscal 2012, we disposed of obsolete manufacturing equipment and incurred a loss on disposition of $674,675, which is included in our statement of operations.