Note 9 - Prepaid Expenses and Other Current Assets	3 Months Ended
Jul. 31, 2014
Note 9 - Prepaid Expenses and Other Current Assets:
Note 9 - Prepaid Expenses and Other Current Assets	NOTE 9 - PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets at July 31, 2014 and April 30, 2014 totaled $977,776 and $1,192,649, respectively. As of July 31, 2014, prepaid expenses and other current assets includes $486,812 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $230,968 for employee advances; $77,576 prepaid VAT and a $182,420 deposit for renewing land use rights. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $603,393 as deposit for renewing the land use right. The deposit is required for the Center to do the appraisal of the land use right. In the fourth quarter of fiscal 2014 and 2013, we received the refund of this deposit of $46,044 and $375,078, respectively. As of April 30, 2014, prepaid expenses and other current assets includes $823,768 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $186,610 for employee advances; and a $182,271 deposit for renewing land use rights. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $603,393 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right. As of April 30, 2014, we totally received the refund of this deposit of $421,122.

Note 9 - Prepaid Expenses and Other Current Assets

3 Months Ended

Jul. 31, 2014

Note 9 - Prepaid Expenses and Other Current Assets:

Note 9 - Prepaid Expenses and Other Current Assets

NOTE 9 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets at July 31, 2014 and April 30, 2014 totaled $977,776 and $1,192,649, respectively. As of July 31, 2014, prepaid expenses and other current assets includes $486,812 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $230,968 for employee advances; $77,576 prepaid VAT and a $182,420 deposit for renewing land use rights. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $603,393 as deposit for renewing the land use right. The deposit is required for the Center to do the appraisal of the land use right. In the fourth quarter of fiscal 2014 and 2013, we received the refund of this deposit of $46,044 and $375,078, respectively.

As of April 30, 2014, prepaid expenses and other current assets includes $823,768 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $186,610 for employee advances; and a $182,271 deposit for renewing land use rights. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $603,393 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right. As of April 30, 2014, we totally received the refund of this deposit of $421,122.