AYRO, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Details)

FAIR VALUE MEASUREMENTS (Details) (USD $)	Oct. 31, 2013	Apr. 30, 2013
Liabilities:
Derivative liability - senior secured convertible notes	$ 0	$ 3,088,756
Derivative liability - warrants	0	3,858,508
Fair Value, Inputs, Level 1 [Member]
Liabilities:
Derivative liability - senior secured convertible notes	0
Derivative liability - warrants	0
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Derivative liability - senior secured convertible notes	0
Derivative liability - warrants	0
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Derivative liability - senior secured convertible notes	0
Derivative liability - warrants	0
Total Increase Reduction In Fair Value Recorded Member
Liabilities:
Derivative liability - senior secured convertible notes	1,598,536
Derivative liability - warrants	$ (764,786)

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

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- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References + Details