Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

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INCOME TAXES (Details 2) - USD ($)
12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Effective Income Tax Rate Reconciliation, Amount [Abstract]    
Expected tax benefit at statutory rate (34%) $ (2,355,555) $ (3,634,889)
State and local taxes, net of federal tax benefit (214,606) (392,424)
Valuation allowance (208,988) 1,413,818
Non deductible financing costs 963,857 2,274,805
Inducement expense 1,867,566 0
Other 17,405 40,848
Totals $ 69,679 $ (297,843)