Annual report pursuant to Section 13 and 15(d)

Note 8 ??? Property and Equipment

v3.22.2
Note 8 – Property and Equipment
12 Months Ended
Apr. 30, 2022
Property, Plant and Equipment [Abstract]  
Note 8 – Property and Equipment

Note 8 – Property and Equipment

 

Property and equipment consist of assets with an estimated useful life greater than one year. Property and equipment are reported net of accumulated depreciation, and the reported values are periodically assessed for impairment. Property and equipment as of April 30 was as follows:

 

    2022   2021
Equipment and other   $ 509,376     $     
Leasehold improvements     149,330           
Furniture and equipment     42,746           
Accumulated depreciation     (189,762 )         
Net carrying value   $ 511,690     $     

  

Depreciation expense totaled $40,165 and $0 for the fiscal years ended April 30, 2022 and 2021, respectively.