Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.5.0.2
Stockholders' Equity (Tables)
3 Months Ended
Jul. 31, 2016
Schedule of Warrants Activity

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2016

 

 

 

23,916,270

 

 

$

0.19

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

Surrendered

 

 

 

(13,451,613

)

 

 

0.16

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2016

 

 

 

10,464,657

 

 

$

0.24

 

 

 

3.0

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2016

 

 

 

10,464,657

 

 

$

0.24

 

 

 

3.0

 

 

$

 

Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]  
Schedule of Assumptions Used In Valuing Stock Options

 

 

July 31,

 

 

 

2016

 

 

2015

 

Expected life (years)

 

 

4 - 6.5

 

 

 

4.0

 

Expected volatility

 

 

40.0% - 43.0

%

 

 

 43.3

%

Weighted-average volatility

 

 

40.0

%

 

 

43.3

%

Risk-free interest rate

 

 

0.38

%

 

 

0.38

%

Dividend yield

 

 

0.00

%

 

 

0.00

%

Expected forfeiture rate

 

 

n/a

 

 

 

n/a

 

Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2016

 

 

17,931,102

 

 

$

0.2 1

 

 

 

3.3

 

 

 

 

Granted

 

 

4,300,000

 

 

$

0.16

 

 

 

4.8

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(5,000

)

 

$

0.13

 

 

 

4.1

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2016

 

 

22,226,102

 

 

$

0.19

 

 

 

3.4

 

 

$

8,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2016

 

 

9,851,335

 

 

$

0.21

 

 

 

1.8

 

 

$

 

Stock Option Grants To Non Employees [Member]  
Schedule of Stock Option Activity

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2016

 

 

195,000

 

 

$

0.3

 

 

 

0.9

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2016

 

 

195,000

 

 

$

0.3

 

 

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2016

 

 

195,000

 

 

$

0..3

 

 

 

0.7