SCHEDULE OF VALUATION AND QUALIFING ACCOUNTS Balance Charged to Balance at Beginning Costs and Other at End Description of Period Expenses Changes Deductions of Period ------------ ---------- --------- ---------- --------- Year Ended April 30, 1993 Reserves and allowances deducted from asset accounts: Obsolescence reserve for inventory $ 75,000 $ - $ - $ (41,889)1/ $ 33,111 - Allowance for doubtful accounts $ 43,687 106,313 - - $150,000 Year Ended April 30, 1994 Reserves and allowances deducted from asset accounts: Obsolescence reserve for inventory $ 33,111 $ 60,000 $ - $ - $ 93,111 Allowance for doubtful accounts $150,000 287,876 - (162,876)2/ $275,000 - Year Ended April 30, 1995 Reserves and allowances deducted from asset accounts: Obsolescence reserve for inventory $ 93,111 $401,889 $ - $ - $495,000 Allowance for doubtful accounts $275,000 204,000 - (275,000)2/ $204,000 1/ Scrapped inventory 2/ Accounts written off