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Quarterly report pursuant to sections 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
9 Months Ended
Jan. 31, 2014
Stockholders' Equity [Abstract]  
Schedule of Warrants Activity

A summary of the Company's warrant activity during the nine months ended January 31, 2014 is presented below:


                                 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

9,090,292

 

 

$

0.40

 

 

 

 

 

 

 

Issued

 

 

14,378,183

 

 

 

0.29

 

 

 

 

 

 

 

Exercised

 

 

(4,231,840

)

 

 

0.19

 

 

 

 

 

 

 

Forfeited

 

 

(40,000

)

 

 

0.50

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Balance Outstanding, January 31, 2014

 

 

19,196,635

 

 

$

0.33

 

 

 

4.5

 

 

$

1,003,192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, January 31, 2014

 

 

19,196,635

 

 

$

0.33

 

 

 

4.5

 

 

$

1,003,192

 


Stock Incentive Plan To Employees And Directors [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used In Valuing Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the three months ended January 31, 2014:


     

 

 

January 31,

Assumptions

 

2014

Expected life (years)

 

3.75

Expected volatility

 

45.0%

Weighted-average volatility

 

45.0%

Risk-free interest rate

 

0.38%

Dividend yield

 

0.00%


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, 2014 is presented below:


                                 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

7,344,381

 

 

$

0.35

 

 

 

 

 

 

 

Issued

 

 

2,463,711

 

 

$

0.35

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(495,006

)

 

$

0.34

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, January 31, 2014

 

 

9,313,086

 

 

$

0.34

 

 

 

4.1

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, January 31, 2014

 

 

2,005,885

 

 

$

0.35

 

 

 

3.8

 

 

$

-

 

 

Stock Incentive Plan To Non Employees [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used In Valuing Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to non-employees during the three months ended January 31, 2014:


     

 

 

January 31,

Assumptions

 

2014

Expected life (years)

 

NA

Expected volatility

 

NA

Weighted-average volatility

 

NA

Risk-free interest rate

 

NA

Dividend yield

 

NA


Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the nine  months ended January 31, 2014 is presented below:


                                 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

270,000

 

 

$

0.35

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, January 31, 2014

 

 

270,000

 

 

$

0.35

 

 

 

3.7

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, January 31, 2014

 

 

58,333

 

 

 

N/A

 

 

 

N/A

 

 

 

N/A