PROPERTY AND EQUIPMENT

12 Months Ended

Apr. 30, 2012

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment consist of the following at April 30:

	Estimated useful life (years)		2012		2011

Furniture and fixtures		5-7	$	283,806	$	317,735
Computers and software		2-3		975,351		1,319,548
Office equipment		5-7		82,185		183,343
Vehicles		5-7		4,071,146		4,945,906
Machinery and equipment		5		7,126,392		7,078,552
Leasehold improvements		2-3		401,651		498,207
				12,940,531		14,343,291
Less accumulated depreciation and amortization				8,631,081		8,307,938
			$	4,309,450	$	6,035,353

Depreciation expense for property and equipment for the years ended April 30, 2012 and 2011 was approximately $2,028,000 and $2,185,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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