Note 5 - Land Use Rights

9 Months Ended

Jan. 31, 2018

Notes

Note 5 - Land Use Rights

NOTE 5 - LAND USE RIGHTS

Land use right consisted of the following:

(Estimated Life)	January 31, 2018 (unaudited)	April 30, 2017
Land use right (45 Years)	$     2,528,138	$   2,303,168
Less: accumulated amortization	(533,451)	(448,113)
Land use right, net	$     1,994,687	$   1,855,055

In conjunction with our acquisition of Qufu Shengwang, we acquired land use rights for properties located in the PRC until March 14, 2054. For the three month periods ended January 31, 2018 and 2017, amortization expense related to land use rights amounted to $13,471 and $12,812, respectively. For the nine month periods ended January 31, 2018 and 2017, amortization expense amounted to $39,736 and $39,398.