FAIR VALUE MEASUREMENTS
|12 Months Ended|
Apr. 30, 2015
|Fair Value Disclosures [Abstract]|
|FAIR VALUE MEASUREMENTS||
NOTE 7 - FAIR VALUE MEASUREMENTS
For the year ended April 30, 2015, the Company did not have any financial liabilities required to be measured at fair value.
The table below sets forth a summary of changes in the fair value of the Company’s Level 3 derivative liabilities related to the senior secured convertible notes and warrants prior to reclassification to an equity instrument as a result of the Amendment and Note Amendment.
As of April 30, 2014 and 2015 the Company did not have any derivative liabilities.
The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.
Reference 1: http://www.xbrl.org/2003/role/presentationRef