Note 7 - Land Use Rights

6 Months Ended

Oct. 31, 2014

Note 7 - Land Use Rights:

Note 7 - Land Use Rights

NOTE 7 - LAND USE RIGHTS

Land use right consisted of the following:

(Estimated Life)	October 31, 2014 (unaudited)	April 30, 2014
Land use right (41-65 Years)	$   2,593,358	$   2,581,947
Less: accumulated amortization	(359,905)	(329,672)
Land use right, net	$   2,233,453	$   2,252,275

 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 three month periods ended October 31, 2014 and 2013, amortization expense amounted to $14,359 and $14,365, respectively. For the six month periods ended October 31, 2014 and 2013, amortization expense amounted to $28,685 and $28,651, respectively.