v3.25.3
PROPERTY AND EQUIPMENT
 3 Months Ended
Jul. 31, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment as of July 31, 2025 and April 30, 2025, are summarized as follows:

 

Cost

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$72,504

 

 

$9,215

 

 

$59,503

 

 

$141,222

 

Additions

 

 

-

 

 

 

-

 

 

 

67,874

 

 

 

67,874

 

Disposal

 

 

-

 

 

 

-

 

 

 

(31,503)

 

 

(31,503)

April 30, 2025

 

$72,504

 

 

$9,215

 

 

$95,874

 

 

$177,593

 

Disposal

 

 

-

 

 

 

-

 

 

 

(16,874)

 

 

(16,874)

July 31, 2025

 

$72,504

 

 

$9,215

 

 

$79,000

 

 

$160,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Depreciation

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$28,490

 

 

$5,760

 

 

$4,563

 

 

$38,813

 

Additions

 

 

20,809

 

 

 

3,455

 

 

 

23,901

 

 

 

48,165

 

Disposal

 

 

-

 

 

 

-

 

 

 

(6,353)

 

 

(6,353)

April 30, 2025

 

$49,299

 

 

$9,215

 

 

$22,111

 

 

$80,625

 

Additions

 

 

5,203

 

 

 

-

 

 

 

3,950

 

 

 

9,153

 

Disposal

 

 

-

 

 

 

-

 

 

 

(3,375)

 

 

(3,375)

July 31, 2025

 

$54,502

 

 

$9,215

 

 

$22,686

 

 

$86,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2025

 

$23,205

 

 

$0

 

 

$73,763

 

 

$96,968

 

July 31, 2025

 

$18,002

 

 

$0

 

 

$56,314

 

 

$74,316

 

   

During the three months ended July 31, 2024, the Company acquired four automobiles of $67,874.

 

During the three months ended July 31, 2025, the Company traded in an automobile at net amount of $10,521 as trade-in credit valued $12,000 as initial downpayment for two leased vehicles. (Note 10)

 

As of July 31, 2025 and April 30, 2025, Property and Equipment were $74,316 and $96,968, respectively. Depreciation expenses of $9,152 and $12,723 were incurred during the three months ended July 31, 2025 and 2024, respectively.