Quarterly report pursuant to Section 13 or 15(d)

Note 8 ??? Property and Equipment

v3.22.2.2
Note 8 – Property and Equipment
6 Months Ended
Oct. 31, 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 and are reported net of accumulated depreciation. The reported values are periodically assessed for impairment, and were as follows:

 

    October 31, 2022   April 30, 2022
Equipment and related   $ 1,003,488     $ 509,376  
Leasehold improvements     930,986       149,330  
Furniture and fixtures     54,254       42,746  
Accumulated depreciation     (287,907 )     (189,762 )
Net carrying value   $ 1,700,821     $ 511,690  

  

Depreciation expense totaled $91,804 and $5,455 for the six months ended October 31, 2022 and 2021, respectively.