Note 4 - Property and Equipment

9 Months Ended

Jan. 31, 2018

NOTE 4 - PROPERTY AND EQUIPMENT

At January 31, 2018 and April 30, 2017, property and equipment consisted of the following:

(Estimated Life )	January 31, 2018 (unaudited)	April 30, 2017
Office equipment (3-10 Years)	$ 70,062	$ 67,091
Auto and trucks (2-10 Years)	516,187	446,968
Manufacturing equipment (2-20 Years)	5,016,056	5,109,816
Buildings (5-20 Years)	9,243,773	8,136,080
Construction in process	528,851	815,471
Gross Property and Equipment	15,374,929	14,575,426
Less: accumulated depreciation	(6,924,596)	(6,334,229)
Property and equipment, net	$ 8,450,333	$ 8,241,197

For the three months ended January 31, 2018 and 2017, depreciation expense totaled $320,878 and $332,714, of which $274,270 and $261,775 were included in cost of revenues, respectively, and of which $46,608 and $70,939 were included in general and administrative expenses, respectively. For the nine months ended January 31, 2018 and 2017, depreciation expense totaled $1,054,856 and $992,590, of which $897,938 and $763,806 was included in cost of revenues, respectively, and of which $156,918 and $228,784 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.