Quarterly report pursuant to Section 13 or 15(d)

Note 9 ??? Property and Equipment

v3.24.1
Note 9 – Property and Equipment
 9 Months Ended
Jan. 31, 2024
Property, Plant and Equipment [Abstract]  
Note 9 – Property and Equipment

Note 9 – 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:

 

    January 31, 2024   April 30, 2023
Equipment and related   $ 1,471,096     $ 1,386,373  
Leasehold improvements     1,548,609       1,473,890  
Furniture and fixtures     157,842       132,752  
Accumulated depreciation     (699,946 )     (342,657 )
Net carrying value   $ 2,477,601     $ 2,650,358  

 

Depreciation expense totaled $357,289 and $169,748 for the nine months ended January 31, 2024 and 2023, respectively.