Note 4 - Property and Equipment

12 Months Ended

Apr. 30, 2017

Notes

Note 4 - Property and Equipment

NOTE 4 - PROPERTY AND EQUIPMENT

On April 30, 2017 and 2016, property and equipment consisted of the following:

	April 30, 2017	April 30, 2016
(Estimated Life)
Office equipment (3-7 Years)	$          67,091	$          39,800
Auto and trucks (5-10 Years)	446,968	492,620
Manufacturing equipment (10-20 Years)	5,109,816	5,240,451
Buildings (20 Years)	8,136,080	8,667,889
Construction in process	815,471	583,954
Gross Property and Equipment	14,575,426	15,024,714
Less: accumulated depreciation	(6,334,229)	(5,870,637)
Property and equipment, net	$    8,241,197	$    9,154,077

For fiscal years 2017 and 2016, depreciation expense totaled $1,349,590 and $994,648, of which $1,061,747 and $679,115 were included in cost of revenues, respectively, and of which $287,843 and $315,533 were 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.