Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT

v3.25.1
PROPERTY AND EQUIPMENT
9 Months Ended
Jan. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 — PROPERTY AND EQUIPMENT

 

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

 

    January 31, 2025     April 30, 2024  
Site costs   $ 203,320     $ 203,320  
Land     352,718       352,718  
Computer equipment     9,924       3,766  
Vehicle     39,493       39,493  
Total     605,455       599,297  
Less: accumulated depreciation     (165,338 )     (141,190 )
Total   $ 440,117     $ 458,107  

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2025

 

For the three months ended January 31, 2025 and 2024, depreciation expense amounted to $8,094 and $8,237, respectively and for the nine months ended January 31, 2025 and 2024, depreciation expense amounted to $24,148 and $24,710, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.