v3.26.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Apr. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment as of April 30, 2026, 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)

April 30, 2026

 

$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

 

 

16,390

 

 

 

-

 

 

 

11,850

 

 

 

28,240

 

Disposal

 

 

-

 

 

 

-

 

 

 

(3,375)

 

 

(3,375)

April 30, 2026

 

$65,689

 

 

$9,215

 

 

$30,586

 

 

$105,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2025

 

$23,205

 

 

$-

 

 

$73,763

 

 

$96,968

 

April 30, 2026

 

$6,815

 

 

$-

 

 

$48,414

 

 

$55,229

 

 

During the year ended April 30, 2025, the Company acquired four automobiles of $67,874.

 

During the year ended April 30, 2026, the Company disposed of an automobile at net amount of $13,499and incurred loss on disposal of $1,497.

 

During the year ended April 30, 2025, the Company disposed of an automobile at net amount of $25,151 which was damaged from an accident. The Company received proceed from insurance coverage of $37,662 and recorded other income of $12,511.

 

As of April 30, 2026 and April 30, 2025, Property and Equipment were $55,229 and $96,968, respectively. Depreciation expenses of $28,240 and $48,165 were incurred during the year ended April 30, 2026 and 2025, respectively.