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Note 11 - Accounts Payable and Accrued Expenses
12 Months Ended
Apr. 30, 2015
Notes  
Note 11 - Accounts Payable and Accrued Expenses

NOTE 11 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 

Accounts payable and accrued expenses included the following as of April 30, 2015 and 2014:

 

Account

April 30,

2015

April 30,

2014

 

 

 

Accounts payable

   $   2,000,329

   $   1,997,696

Advanced from customers

              58,434

            441,484

Accrued salary payable

            192,444

              52,033

Tax payable

            156,336

              80,906

Other payable

        3,119,468

            973,258

Total accounts payable and accrued expenses

   $   5,527,011

   $   3,545,377

 

        *On April 30, 2015, other payables consists of advances from multiple individuals of $1,714,873; commission payable of $75,260; general liability, worker's compensation, and medical insurance payable of $295,078; accrued R&D payable of $83,813; consulting fee of $82,169 and other miscellaneous payables of $868,275. On April 30, 2014, other payables consists of general liability, worker's compensation, and medical insurance payable of $302,700; union and education fees payable of 308,714 and other miscellaneous payables of $361,844.