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NOTE 13 - LEGAL CONTINGENCIES
12 Months Ended
Apr. 30, 2020
Notes  
NOTE 13 - LEGAL CONTINGENCIES NOTE 13 – LEGAL CONTINGENCIES

 

On February 20, 2020, the Company filed a lawsuit in local district court against a former customer for nonpayment of past due receivable. The Company seeks collection of a past due balance of RMB 2,645,000 (approximately $378,000) related to the customer’s procurement of stevioside products from the Company during the period from July 24, 2018 to May 31, 2019. On June 10, 2020, the local district court ordered the customer to make full payment of RMB 2,645,000 to the Company within six months. The customer has since filed a counter-claim against the Company to seek compensation of RMB 20,000 ($2,858) for travel expenses incurred related to the court hearings. The Company believes there is no basis to the customer's claim and that the court will rule in the Company’s favor.