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Note 8 - Prepaid Expenses and Other Current Assets	12 Months Ended
Apr. 30, 2015
Notes
Note 8 - Prepaid Expenses and Other Current Assets	NOTE 8 - PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets on April 30, 2015 and 2014 totaled $467,054 and $1,192,649, respectively. As of April 30, 2015, prepaid expenses and other current assets includes $155,796 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us and $311,258 for business related employees' advances. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $610,751 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right, which we originally expected to receive the refund during fiscal year 2014. We received total refund of $442,691 as of April 30, 2015 and the remaining balance of $168,060 has been classified to other long-term asset at April 30, 2015. 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.

Note 8 - Prepaid Expenses and Other Current Assets

12 Months Ended

Apr. 30, 2015

Note 8 - Prepaid Expenses and Other Current Assets

NOTE 8 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets on April 30, 2015 and 2014 totaled $467,054 and $1,192,649, respectively. As of April 30, 2015, prepaid expenses and other current assets includes $155,796 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us and $311,258 for business related employees' advances.

During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center $610,751 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right, which we originally expected to receive the refund during fiscal year 2014. We received total refund of $442,691 as of April 30, 2015 and the remaining balance of $168,060 has been classified to other long-term asset at April 30, 2015.

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.