Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.2.2
PROPERTY AND EQUIPMENT
 3 Months Ended
Jul. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 — PROPERTY AND EQUIPMENT

 

As of the dates presented, property consisted of the following:

 

    July 31, 2022     April 30, 2022  
Site costs   $ 203,320     $ 203,320  
Land     175,205       175,205  
Computer equipment     7,265       7,265  
Vehicle     39,493       39,493  
Total     425,283       425,283  
Less: accumulated depreciation     (86,946 )     (75,366 )
Total   $ 338,337     $ 349,917  

 

For the three months ended July 31, 2022 and 2021, depreciation expense amounted to $11,580 and $7,949, respectively, and included in general and administrative expenses as reflected in the accompanying statements of operations.

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2022