Related Party Transactions	6 Months Ended
Related Party Transactions	Oct. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS Related parties to the Company include, but are not limited to, officers, directors, and shareholders. From time to time, the Company receives loans and advances from Phalanx Partners and WS Advantage LP for working capital purposes. Phalanx Partners and WS Advantage LP formerly held equity interests in Grove Realty Partners, LLC and Walker Partners, LLC and are currently shareholders and controlled by the Company’s president. An aggregate of $511,452 has been received from related parties for working capital purposes and debt and expenses paid on the Company’s behalf. These advances are interest-free and payable upon demand. During the three and six month ended October 31, 2016 and 2015 the Company imputed interest expense of $7,524, $15,127, $7,603 and $15,206, respectively. During the six months ended October 31, 2016 and 2015, the related party received repayments from the Company $0 and $0 respectively, to fund operations. During the three and six months ended October 31, 2016 and 2015 revenue included $18,000. $36,000, $9,000 and $18,000, respectively, in rental income from Phalanx Partners who is owned by our Principal and Shareholder, who occupies an office in one of the Company’s properties. During the three and six months ended October 31, 2016 a 36% and 83% owner in Founders Circle paid us rental income of $3,750 and $7,500, respectively. On October 14, 2015, by, between and among Grove Realty Partners (the “Borrower”) and Brian Woodland, individually, entered into a $1,000,000 secured revolving line a credit with a financial institution. The Guarantor has agreed to guaranty the obligations of the Borrower. The line of credit is securitized by the property at 7 Grove Street and as well as the personal guarantee of Brian Woodland (See Note 7). On November 1, 2015 WS Advantage elected to convert its mortgage of $1,425,982 and accrued interest of $117,625 in Grove Realty into 203,711 shares of common stock ($7.58 per share). On August 11, 2016, Huntwicke Capital Group Inc. (F/K/A Magnolia Lane Income Fund) (the “Company”) entered into a “Magnolia Lane Share Issuance Agreement” with a subsidiary, Butler Cabin, LLC. (“Butler”), in which the Company purchased from Butler the remaining ownership interest (36%) of real property located at 6 Park Street, Topsfield, MA 01983 from a related party. As consideration for the purchase, the Company agreed to issue Butler 61,396 shares of common stock of the Company valued at $431,505 ($7.02 per share) from a related party. The Company now owns a 100% interest in 6 Park Street, Topsfield, MA 01983. The transaction was recorded at the net asset value of the non-controlling interest on the date of acquisition. On August 11, 2016, the Company entered into a “Magnolia Lane Share Issuance Agreement” with Founders Circle Partners, LLC (“Founders”) (Related Party) whereby the Company purchased from Founders a 100% interest in real property located at 36-42 Main Street, Topsfield, MA 01983. The purchase was recorded at the historical cost of the net assets acquired for 170,831 shares of common stock valued at $1,208,500 ($7.07 per share) of the Company from a related party. On October 31, 2016, the Company converted a $500,000 advance from an entity controlled by Company’s President into 71,429 shares of common stock ($7.00 per share). On October 31, 2016, the Company President returned to the treasury and canceled 1,115,426 shares of common stock (at par value of $.0001).

Huntwicke Capital Group Inc. 10-Q