Annual report pursuant to Section 13 and 15(d)

Note 8 ??? Property and Equipment

v3.23.2
Note 8 – Property and Equipment
12 Months Ended
Apr. 30, 2023
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 as of April 30: 

 

    2023   2022
Equipment and other   $ 1,386,373     $ 509,376  
Leasehold improvements     1,473,890       149,330  
Furniture and equipment     132,752       42,746  
Accumulated depreciation     (342,657 )     (189,762 )
Net carrying value   $ 2,650,358     $ 511,690  

  

Depreciation expense totaled $311,545 and $40,165 for the fiscal years ended April 30, 2023 and 2022, respectively.