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Related Party Disclosures
3 Months Ended
Oct. 31, 2011
Related Party Disclosures  
Related Party Transactions Disclosure [Text Block]

NOTE 6 - RELATED PARTY TRANSACTIONS

 

Accounts Receivable – related party

 

At October 31 and April 30, 2011, we reported $688,870 and $204,664 in accounts receivable – related party, respectively.  Accounts receivable – related party reflected amounts due from Qufu Shengwang Import and Export Corporation, a Chinese entity owned by our Chairman, Mr. Laiwang Zhang, for merchandise that has been delivered. Total related party revenues for the three months ended October 31, 2011 and 2010 were $692,981 and $25,851, respectively, and for the six months ended October 31, 2011 and 2010 were $914,376 and $129,390, respectively.