Note 10 - Accounts Payable and Accrued Expenses

6 Months Ended

Oct. 31, 2016

Notes

Note 10 - Accounts Payable and Accrued Expenses

NOTE 10 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses included the following as of October 31, 2016 and April 30, 2016:

Account	October 31, 2016 (unaudited)	April 30, 2016
Accounts payable	$    8,174,783	$   4,869,026
Advanced from customers	564,062	10,042
Accrued salary payable	120,260	105,131
Tax payable	106,770	254,615
Deferred revenue	52,934	71,604
Other payable*	1,768,159	1,550,408
Total accounts payable and accrued expenses	$ 10,786,968	$   6,860,826

On October 31, 2016, other payables consists of commission payable of $113,068, general liability, worker's compensation, and medical insurance payable of $559,407; union and education fees payable of $285,400, consulting fee of $350,939, interest payables for short-term loans of $181,576, advanced from the employees of $195,303 and other miscellaneous payables of $82,466. On April 30, 2016, other payables consists of commission payable of $67,683; general liability, worker's compensation, and medical insurance payable of $439,706; accrued R&D payable of $78,794; consulting fee payable of $248,748, union and education fees payable of $297,728, interest payables for short-term loans of $72,731, advanced from the employees of $131,282 and other miscellaneous payables of $213,736.