COMMITMENTS AND CONTINGENCIES |
12 Months Ended | ||||||||||||||||||||||||||
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Apr. 30, 2015 | |||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||
| COMMITMENTS AND CONTINGENCIES |
NOTE 12 - COMMITMENTS AND CONTINGENCIES
Employment Agreements
The Company has entered into one-year employment contracts with two of its employees. The aggregate base salary commitments under these contracts at April 30, 2015 are $183,000, which are payable through April 1, 2016. Lease Commitments The Company leases its office facilities pursuant to noncancelable operating leases expiring through December 2017. The Company also has noncancelable vehicle leases. The minimum rental commitments under these noncancelable leases at April 30, 2015 are summarized as follows:
Rent expense for all operating leases was approximately $126,000 and $353,000 in 2015and 2014, respectively. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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