Quarterly report pursuant to Section 13 or 15(d)

SENIOR SECURED CONVERTIBLE NOTES (Tables)

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SENIOR SECURED CONVERTIBLE NOTES (Tables)
6 Months Ended
Oct. 31, 2013
Senior Secured Convertible Notes [Abstract]  
Schedule Of Senior Secured Convertible Notes Payable
A summary of the Notes at October 31, 2013 is as follows: 
 
 
 
October 31, 2013
 
Senior secured convertible notes, interest at 4% per annum to maturity June 5, 2014 (old Notes)
 
$
3,406,077
 
Debt discount - value attributable to derivatives attached to old Notes
 
 
(1,299,304)
 
Total - current portion, old Notes
 
 
2,106,773
 
Redemption of old Notes
 
 
(6,077)
 
Loss on extinguishment of debt - old Notes
 
 
1,299,304
 
Senior secured convertible notes, interest at 15% per annum to maturity October 31, 2023 (new Notes)
 
 
3,400,000
 
Debt discount - value attributable to beneficial conversion features, new Notes
 
 
(3,400,000)
 
Total - current portion, new Notes
 
$
-