Note 6- Land Use Right

12 Months Ended

Apr. 30, 2015

Notes

Note 6- Land Use Right

NOTE 6- LAND USE RIGHT

Land use right consisted of the following:

(Estimated Life)	April 30, 2015	April 30, 2014
Land use right (45 Years)	$   2,613,787	$   2,581,947
Less: accumulated amortization	(391,726)	(329,672)
Land use right, net	$   2,222,061	$   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 fiscal years 2015 and 2014, amortization expense related to land use rights amounted to $57,494 and $57,469, respectively.