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Note 5 - Property and Equipment
6 Months Ended
Oct. 31, 2016
Notes  
Note 5 - Property and Equipment

NOTE 5 - PROPERTY AND EQUIPMENT

 

At October 31, 2016 and April 30, 2016, property and equipment consisted of the following:

 

 (Estimated Life)

October 31, 2016 (unaudited)

April 30, 2016

Office equipment (1-10 Years)

  $          43,862 

  $          39,800 

Auto and trucks (3-10 Years)

            488,217 

            492,620 

Manufacturing equipment (2-20 Years)

         5,089,330 

         5,240,451 

Buildings (5-30 Years)

         8,267,729 

         8,667,889 

Construction in process

         1,182,753 

            583,954 

 Gross Property and Equipment

      15,071,891 

      15,024,714 

Less: accumulated depreciation

       (6,255,680)

       (5,870,637)

 Property and equipment, net

  $     8,816,211 

  $     9,154,077 

 

For the three months ended October 31, 2016 and 2015, depreciation expense totaled $335,827 and $341,015, of which $249,791 and $218,142 was included in cost of revenues, respectively, and of which $86,036 and $122,873 was included in general and administrative expenses, respectively. For the six months ended October 31, 2016 and 2015, depreciation expense totaled $659,876 and $719,614, of which $502,030 and $494,263 was included in cost of revenues, respectively, and of which $157,846 and $225,351 was included in general and administrative expenses, respectively. Depreciation is not taken during the period of construction or equipment installation. Upon completion of the installation of manufacturing equipment or any construction in progress, construction in progress balances will be classified to their respective property and equipment category.