Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 3)

v3.2.0.727
INCOME TAXES (Details 3) - USD ($)
Apr. 30, 2015
Apr. 30, 2014
Deferred tax assets:    
Allowance for doubtful accounts $ 34,392 $ 55,140
Bonus and vacation accruals 79,274 667,992
Non-qualified stock options 144,972 76,850
Federal benefit for foreign tax credit 265,600 265,600
Accruals 0 57,045
Valuation allowance (524,238) (1,122,627)
Deferred tax assets-current 0 0
Intangible assets 0 39,232
Goodwill 0 35,638
Capital loss carryforward 3,884,389 949,973
Property and equipment 26,434 0
Net operating loss carryforward 12,262,334 11,346,435
Valuation allowance (16,173,157) (12,316,027)
Deferred tax assets-long term 0 55,251
Deferred tax liabilities:    
Property and equipment 0 55,251
Deferred tax liabilities-long term 0 55,251
Net deferred tax assets (liabilities) $ 0 $ 0