Note 7 - Prepaid Expenses and Other Current Assets	9 Months Ended
Jan. 31, 2018
Notes
Note 7 - Prepaid Expenses and Other Current Assets	NOTE 7 - PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets on January 31, 2018 and April 30, 2017 totaled $3,140,458 and $4,729,865, respectively. As of January 31, 2018, prepaid expenses and other current assets includes $1,799,838 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, $1,022,220 prepayment for employees' stock-based compensation and $318,400 for business related employees' advances. As of April 30, 2017, prepaid expenses and other current assets includes $3,286,808 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, $1,226,668 prepayment for employees' stock-based compensation for shares issued, and $216,389 for business related employees' advances. On December 1, 2015, we entered into three year employment agreements with four employees. Pursuant to employment agreements, we issued a total of 23 million shares of the Company's common stock to them, valued at $3,680,000, as employees' stock-based compensations over three-year term of their employment from December 1, 2015 through November 30, 2018. We will amortize these compensations over three years from December 1, 2015 to November 30, 2018 and we recognized $920,001, $1,226,668 and $511,111 as stock-based compensation expenses during the nine months ended January 31, 2018, fiscal year ended April 30, 2017 and fiscal year ended April 30, 2016, respectively. We also have recorded the remaining balance of the stock-based compensation of $1,022,220 as prepaid compensation at January 31, 2018. During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center (the "Center") $618,758 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right, which we do not know when we can receive the remaining refund. We received a total refund of $463,802 as of January 31, 2018 and the remaining balance of $154,956 and $154,956 has been classified to other long-term asset at January 31, 2018 and April 30, 2017, respectively.

Note 7 - Prepaid Expenses and Other Current Assets

9 Months Ended

Jan. 31, 2018

Note 7 - Prepaid Expenses and Other Current Assets

NOTE 7 - PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets on January 31, 2018 and April 30, 2017 totaled $3,140,458 and $4,729,865, respectively. As of January 31, 2018, prepaid expenses and other current assets includes $1,799,838 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, $1,022,220 prepayment for employees' stock-based compensation and $318,400 for business related employees' advances. As of April 30, 2017, prepaid expenses and other current assets includes $3,286,808 prepayments to suppliers for merchandise that had not been shipped to us and services that had not been provided to us, $1,226,668 prepayment for employees' stock-based compensation for shares issued, and $216,389 for business related employees' advances.

On December 1, 2015, we entered into three year employment agreements with four employees. Pursuant to employment agreements, we issued a total of 23 million shares of the Company's common stock to them, valued at $3,680,000, as employees' stock-based compensations over three-year term of their employment from December 1, 2015 through November 30, 2018. We will amortize these compensations over three years from December 1, 2015 to November 30, 2018 and we recognized $920,001, $1,226,668 and $511,111 as stock-based compensation expenses during the nine months ended January 31, 2018, fiscal year ended April 30, 2017 and fiscal year ended April 30, 2016, respectively. We also have recorded the remaining balance of the stock-based compensation of $1,022,220 as prepaid compensation at January 31, 2018.

During the third quarter of fiscal 2013, Qufu Shengwang paid Qufu Public Auction Center (the "Center") $618,758 as deposit for renewing the land use right. The deposit is required for the Center to appraise the land use right, which we do not know when we can receive the remaining refund. We received a total refund of $463,802 as of January 31, 2018 and the remaining balance of $154,956 and $154,956 has been classified to other long-term asset at January 31, 2018 and April 30, 2017, respectively.