Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Details 1)

v3.2.0.727
DISCONTINUED OPERATIONS (Details 1) - USD ($)
Jun. 30, 2015
Apr. 30, 2015
Apr. 30, 2014
CURRENT ASSETS:      
Accounts receivable, net of allowance   $ 4,264,451 $ 7,350,524
Costs and estimated earnings in excess of billings on uncompleted contracts   0 616,858
Prepaid expenses and other current assets   34,800 98,245
Deferred contract cost   267,000 1,166,734
Total current assets held for sale   4,566,251 9,232,361
PROPERTY AND EQUIPMENT, net   963,119 1,947,123
Capitalized software, net   0 3,207,305
OTHER ASSETS   14,000 33,646
Total other assets held for sale   977,119 5,188,074
Total assets held for sale   5,543,370 14,420,435
LIABILITIES      
Current portion of loans payable   0 115,325
Accounts payable and accrued expenses   1,700,943 2,579,350
Billings in excess of costs and estimated earnings on uncompleted contracts   0 345,108
Due to related party   785,684 778,573
Short term bank loan   3,224,180 3,195,000
Secured promissory note, related parties   0 500,000
Total current liabilities held for sale $ 5,711,000 5,710,807 7,513,356
Total liabilities held for sale   $ 5,710,807 $ 7,513,356