BASIS OF PRESENTATION AND LIQUIDITY (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Apr. 30, 2015 |
Apr. 30, 2014 |
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| Total consideration | $ 6,901,000 | |
| Less: senior secured convertible note | (459,000) | |
| Less: make-whole amount on senior secured convertible note | (949,000) | |
| Total inducement expense | 5,492,842 | $ 0 |
| Series F Preferred Stock [Member] | ||
| Total consideration | 4,963,000 | |
| Series G Preferred Stock [Member] | ||
| Total consideration | $ 1,938,000 | |
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The excess of (1) the fair value of all securities and other consideration transferred in transactions by the registrant to the holders of the convertible preferred stock over (2) the fair value of securities issuable pursuant to the original conversion terms, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The whole amount of senior secured convertible note No definition available.
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