Note 7- Land Use Rights

9 Months Ended

Jan. 31, 2014

Notes

Note 7- Land Use Rights

NOTE 7 - LAND USE RIGHTS

Land use right consisted of the following:

(Estimated Life)	January 31, 2014 (Unaudited)	April 30, 2013
Land use right (41-65 Years)	$   2,605,862	$   2,559,545
Less: accumulated amortization	(318,227)	(270,001)
Land use right, net	$   2,287,635	$   2,289,544

 In conjunction with our acquisition of Qufu Shengwang, we acquired land use rights for properties located in the PRC until March 14, 2054. For the nine month ended January 31, 2014 and 2013, amortization expense amounted to $43,090 and $42,022, respectively.