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Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Deficiency) (Tables)

v3.2.0.727
Stockholders' Equity (Deficiency) (Tables)
12 Months Ended
Apr. 30, 2015
Stockholders' Equity (Deficiency) [Abstract]  
Schedule of Warrants Activity
 

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

    (15,236,582 )   $ 0.15              

Forfeited

    100,376                      

Expired

                         

Balance Outstanding, April 30, 2015

    28,871,757     $ 0.26       4.2     $ 179,791  
                                 

Exercisable, April 30, 2015

    28,871,757     $ 0.26       4.2     $ 179,791  
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 Assumptions Used In Valuing Stock Options
 

April 30,

2015

 

2014

Expected life (years)

3.5   3.3

Expected volatility

  43.4 %   45.0 %

Weighted-average volatility

  43.4 %   45.0 %

Risk-free interest rate

  0.38 %   0.38 %

Dividend yield

  0.00 %   0.00 %

Expected forfeiture rate

  n/a      n/a
Schedule of Stock Option Activity
 

Weighted 

 

 

 

 

 

 

 

 

 

 

 

       

Weighted

 

Average

       

Average

 

Remaining

   

Aggregate

 
   

Number of

   

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    10,476,412     $ 0.32                  

Granted

    3,900,000     $ 0.17                  

Exercised

                             

Forfeited

    (170,000 )   $ 0.34                  

Expired

                             

Balance Outstanding, April 30, 2015

    14,206,412     $ 0.21       3.45     $ 103,000  
                                 

Exercisable, April 30, 2015

    5,660,470     $ 0.26       2.85     $ 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

Weighted

   

Average

       

Average

   

Remaining

   

Aggregate

 

Number of

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    270,000     $ 0.28                  

Granted

                             

Exercised

                             

Forfeited

    (50,000 )   $ 0.19                  

Expired

                             

Balance Outstanding, April 30, 2015

    220,000     $ 0.30       2.1     $  
                                 

Exercisable, April 30, 2015

    73,333       0.30       2.3