XML 40 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 1 - Organization, Nature of Operations and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
12 Months Ended
Apr. 30, 2014
Policies  
Cash and Cash Equivalents

CASH AND CASH EQUIVALENTS

 

We consider all highly liquid investments with maturities of three months or less at the time of purchase to be cash and equivalents. As of April 30, 2014, we held $1,194,668, of our cash and cash equivalents with commercial banking institutions in the PRC, and $895 with banks in the United States. In the PRC, there is no equivalent federal deposit insurance as in the United States, so the amounts held in banks in the PRC are not insured. We have not experienced any losses in such bank accounts through April 30, 2014.