XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.24.1

Leases (Tables) | 9 Months Ended
--- | ---
Jan. 31, 2024
Leases [Abstract] |
Schedule of Operating Lease Liabilities Maturity | The Company’s leases mainly consist of store rent and copier rent. The store lease detail information is listed below:
Store |  | Lease Term Due
Maison Monrovia * |  | August 31, 2055 (with extension)
Maison San Gabriel |  | November 30, 2030
Maison El Monte |  | July 14, 2028
Maison Monterey Park |  | May 1, 2028
* | On April 1, 2023, the Company renewed lease of Maison Monrovia for additional five years with new monthly based rent of $40,000 for first year and 3% increase for each of the next four years. On July 6, 2023, the Company and the lessor entered an amendment to lease, pursuant to which the lessor will provide monthly basic rent abatement of $5,000 from August 1, 2023 through March 31, 2024, $2,500 from April 1, 2024 through March 31, 2025, and $1,000 from April 1, 2025 through March 31, 2026. As a result of increased monthly base rent, the Company remeasured the lease and determined the ROU and lease liability of this lease increased by $3.62 million for each.
Store |  | Lease Term Due
Maison Monrovia |  | January 1, 2028
Maison San Gabriel |  | January 1, 2028
Maison Monterey Park |  | August 1, 2027
Schedule of Operating ROU Assets and Lease Liabilities | The Company’s operating ROU assets and lease liabilities were as follows:
|  | January 31, 2024 |  |  | April 30, 2023 |
Operating ROU: |  |  |  |  |  |
ROU assets – supermarket leases |  | $ | 20,980,731 |  |  | $ | 22,517,925 |
ROU assets – copier leases |  |  | 24,033 |  |  |  | 27,265 |
Total operating ROU assets |  | $ | 21,004,764 |  |  | $ | 22,545,190 |
|  | January 31, 2024 |  |  | April 30, 2023 |
Operating lease obligations: |  |  |  |  |  |
Current operating lease liabilities |  | $ | 1,850,310 |  |  | $ | 1,761,182 |
Non-current operating lease liabilities |  |  | 21,309,934 |  |  |  | 22,711,760 |
Total lease liabilities |  | $ | 23,160,244 |  |  | $ | 24,472,942 |
Schedule of Operating Lease Liabilities Maturity | As of January 31, 2024, the five-year maturity of the Company’s operating lease liabilities was as follow:
Twelve Months Ended January 31, |  | Operating lease liabilities |
2025 |  | $ | 2,835,070 |
2026 |  |  | 2,897,055 |
2027 |  |  | 2,955,250 |
2028 |  |  | 3,002,423 |
2020 |  |  | 2,029,711 |
Thereafter |  |  | 23,549,256 |
Total future undiscounted lease payments |  |  | 37,268,765 |
Less: interest |  |  | (14,108,521 | )
Present value of lease liabilities |  | $ | 23,160,244 |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration