NOTE 5 - PROPERTY AND EQUIPMENT

12 Months Ended

Apr. 30, 2020

Notes

NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT

As of April 30, 2020 and 2019, property and equipment consisted of the following:

	April 30, 2020	April 30, 2019
(Estimated Life)
Office equipment (3-15 Years)	$394,019	$77,738
Auto and trucks (2-10 Years)	586,364	599,154
Manufacturing equipment (2-15 Years)	6,559,726	5,353,752
Buildings (5-30 Years)	9,248,227	8,082,483
Construction in process	7,834	2,001,045
Gross Property and Equipment	16,796,170	16,114,172
Less: accumulated depreciation	(7,894,622)	(7,120,775)
Property and equipment, net	$8,901,548	$8,993,397

For the fiscal years ended April 30, 2020 and 2019, depreciation expense totaled $1,218,587 and $1,093,832, of which $1,107,805 and $798,044 were included in cost of revenues, respectively, and remainder was included in operating expenses. 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. For the fiscal years ended April 30, 2020 and 2019, the Company received the proceeds from disposal of equipment of $5,059 and $3,260, respectively, and the Company also recognized (loss) gain on disposition of property and equipment of $(19,842) and $23,065, respectively. For the fiscal year ended April 30, 2020, the Company changed the estimated economic lives for certain property and equipment to better reflect the estimated useful lives of those assets.