Note 9 - Prepaid Expenses and Other Current Assets	6 Months Ended
Oct. 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 October 31, 2014 and April 30, 2014 totaled $2,221,798 and $1,192,649, respectively. As of October 31, 2014, prepaid expenses and other current assets includes $1,769,740 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $268,689 for employee advances and a $183,369 deposit for renewing land use rights. 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

6 Months Ended

Oct. 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 October 31, 2014 and April 30, 2014 totaled $2,221,798 and $1,192,649, respectively. As of October 31, 2014, prepaid expenses and other current assets includes $1,769,740 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us; $268,689 for employee advances and a $183,369 deposit for renewing land use rights.

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.