Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Revenues $ 5,225,761 $ 3,981,722
Operating expenses    
Cost of revenues (exclusive of depreciation and amortization shown separately below) 2,176,330 1,859,764
General and administrative $ 5,924,263 6,300,229
Receivable collateral valuation reserve   123,647
Depreciation and amortization $ 528,496 474,752
Total operating expenses 8,629,089 8,758,392
Operating loss from continuing operations (3,403,328) (4,776,670)
Other income (expense):    
Other income 9,196 $ 1,656
Loss on Debt Extinguishment (452,503)  
Interest expense (421,653) $ (659,997)
Total other expense, net (864,960) (658,341)
Loss from continuing operations before income taxes $ (4,268,288) $ (5,435,011)
Income tax expense (benefit)    
Loss from continuing operations $ (4,268,288) $ (5,435,011)
Discontinued operations (Note 1)    
Income from discontinued operations, net of income taxes   84,663
Net loss $ (4,268,288) $ (5,350,348)
Loss per share from continuing operations - basic and diluted $ (0.04) $ (0.09)
Income per share from discontinued operations - basic and diluted   0.00
Net loss per share - basic and diluted $ (0.04) $ (0.09)
Weighted average number of common shares outstanding:    
Basic and diluted 100,884,625 62,031,861