Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Deficiency) (Tables)

v2.4.0.8
Stockholders' Equity (Deficiency) (Tables)
6 Months Ended
Oct. 31, 2014
Stockholders' Equity (Deficiency) [Abstract]  
Schedule of Warrants Activity

A summary of the Company's warrant activity during the six months ended October 31, 2014 is presented below:

 

                                 
                Weighted        
          Weighted     Average        
 

Average

 

Remaining

   

Aggregate

 
   

Number of

   

Exercise

   

Contractual

   

Intrinsic

 

Warrants

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    23,144,005     $ 0.31     4.6   $  

Granted

    20,863,958       0.19     5.0   $  1,499,514  

Exercised

                         

Forfeited

                         

Expired

                         

Balance Outstanding, October 31, 2014

    44,007,963     $ 0.25       4.3   $   1,499,514  
                                 

Exercisable, October 31, 2014

    44,007,963     $ 0.25       4.3   $   1,499,514  

 

Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for employees and directors during the six months ended October 31, 2014 is presented below:

 

                                 
                Weighted        
 

Weighted

 

Average

       
 

Average

 

Remaining

   

Aggregate

 
   

Number of

   

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    10,476,412     $ 0.23     3.5     $  

Granted

    2,800,000     $ 0.16     4.9     $ 257,000  

Exercised

                         

Forfeited

    (20,000 )   $ 0.19     4.1     $ 1,200  

Expired

                         

Balance Outstanding, October 31, 2014

    13,256,412     $ 0.21       3.6     $ 738,406  
                                 

Exercisable, October 31, 2014

    5,710,470     $ 0.26       3.1     $ 191,650  

 

Stock Option Grants to Non-Employees [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the six months ended October 31, 2014 is presented below:

  

                                 
 

Weighted

   

Average

       
 

Average

   

Remaining

   

Aggregate

 

Number of

Exercise

   

Contractual

   

Intrinsic

 

Options

 

Shares

   

Price

   

Term

   

Value

 

Balance Outstanding, April 30, 2014

    270,000     $ 0.28     2.8     $  

Granted

                         

Exercised

                         

Forfeited

    (50,000 )   $ 0.19     3.7     $  

Expired

                         

Balance Outstanding, October 31, 2014

    220,000     $ 0.30       2.6     $ 4,500  
                                 

Exercisable, October 31, 2014

    73,333     $ 0.30       2.6     $ 1,500