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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Deficiency) (Tables)

v2.4.1.9
Stockholders' Equity (Deficiency) (Tables)
9 Months Ended
Jan. 31, 2015
Stockholders' Equity (Deficiency) [Abstract]  
Schedule of Warrants Activity

A summary of the Company's warrant activity during the nine months ended January 31, 2015 is presented below:

 

                                 
                Weighted        
          Weighted     Average        
 

Average

 

Remaining

   

Aggregate

 
   

Number of

   

Exercise

   

Contractual

   

Intrinsic

 

Warrants

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    23,144,005     $ 0.31    
 

 

Granted

    20,863,958       0.19    
 
   

Exercised

                         

Forfeited

                         

Expired

                         

Balance Outstanding, January 31, 2015

    44,007,963     $ 0.25       4.1   $   299,903  
                                 

Exercisable, January 31, 2015

    44,007,963     $ 0.25       4.1   $   299,903  

 

Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for employees and directors during the nine months ended January 31, 2015 is presented below:

 

                                 
                Weighted        
 

Weighted

 

Average

       
 

Average

 

Remaining

   

Aggregate

 
   

Number of

   

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    10,476,412     $ 0.23     3.5    
 

Granted

    3,900,000     $ 0.21     3.4     $ 103,000  

Exercised

                         

Forfeited

    (20,000 )   $ 0.19     4.1     $ 1,200  

Expired

                         

Balance Outstanding, January 31, 2015

    14,356,412     $ 0.21       3.4     $ 103,000  
                                 

Exercisable, January 31, 2015

    5,710,470     $ 0.26       2.9     $ 4,000  

 

Stock Option Grants to Non-Employees [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the nine months ended January 31, 2015 is presented below:

  

                                 
 

Weighted

   

Average

       
 

Average

   

Remaining

   

Aggregate

 

Number of

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    270,000     $ 0.28     2.8     $  

Granted

                         

Exercised

                         

Forfeited

    (50,000 )   $ 0.19     3.7     $  

Expired

                         

Balance Outstanding, January 31, 2015

    220,000     $ 0.30       2.3     $ 4,500  
                                 

Exercisable, January 31, 2015

    73,333     $ 0.30       2.3     $ 1,500