Quarterly report pursuant to Section 13 or 15(d)

Subsequent Event

v3.6.0.2
Subsequent Event
6 Months Ended
Oct. 31, 2016
Subsequent Event  
Subsequent Event

Note 12. Subsequent Event


On November 18, 2016, under the 2012 Equity incentive Plan the Company granted 500,000 five-year options to each of the two new directors elected at the annual meeting held that month. These options are exercisable at $0.27 per share. The options were valued at $40,000 each and vest over a three year term, subject to continued service.