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Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Treasury Stock [Member]
Accumulated Deficit [Member]
Total
Balance at Apr. 30, 2014 $ 73,414 $ 16,302,118 $ (70,000) $ (18,090,434) $ (1,784,902)
Balance, shares at Apr. 30, 2014 73,414,478        
Issuance of common shares for cash $ 35,615 5,512,211 5,547,826
Issuance of common shares for cash, shares 35,614,154        
Offering cost for professional services from private placement (125,579) (125,579)
Stock-based compensation   456,871 456,871
Shares issued for price protection $ 3,532 (3,532)
Shares issued for price protection, shares 3,532,682        
Conversion of convertible debt into shares $ 526 99,474 100,000
Conversion of convertible debt into shares, shares 526,316        
Shares issued for services rendered $ 419 69,839 70,258
Shares issued for services rendered, shares 418,859        
Warrant Conversion $ 14,748 2,253,922 2,268,670
Warrant Conversion, shares 14,747,116        
Warrant Modification Expense 333,323 333,323
Net loss (4,268,288) (4,268,288)
Balance at Apr. 30, 2015 $ 128,254 24,898,647 (70,000) (22,358,722) 2,598,179
Balance, shares at Apr. 30, 2015 128,253,605        
Offering cost for professional services from private placement (697) (697)
Stock-based compensation 308,260 308,260
Conversion of convertible debt into shares $ 1,591 300,720 302,311
Conversion of convertible debt into shares, shares 1,591,053        
Repurchase of shares under settlement agreement $ (42) (5,796) (5,838)
Repurchase of shares under settlement agreement, shares (42,000)        
Shares issued for services rendered $ 300 50,100 50,400
Shares issued for services rendered, shares 300,000        
Warrants exercised for cash $ 4,855 747,645 752,500
Warrants exercised for cash, shares 4,855,487        
Warrant Modification Expense 54,554 54,554
Net loss (2,246,705) (2,246,705)
Balance at Apr. 30, 2016 $ 134,958 $ 26,353,451 $ (70,000) $ (24,605,427) $ 1,812,982
Balance, shares at Apr. 30, 2016 134,958,145