Quarterly report pursuant to Section 13 or 15(d)

Note 9 ??? Property and Equipment

v3.23.3
Note 9 – Property and Equipment
 3 Months Ended
Jul. 31, 2023
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:

 

    July 31, 2023   April 30, 2023
Equipment and related   $ 1,340,237     $ 1,386,373  
Leasehold improvements     1,517,199       1,473,890  
Furniture and fixtures     132,752       132,752  
Accumulated depreciation     (435,777 )     (342,657 )
Net carrying value   $ 2,554,411     $ 2,650,358  

 

Depreciation expense totaled $101,001 and $28,272 for the three months ended July 31, 2023 and 2022, respectively.