Quarterly report pursuant to sections 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
3 Months Ended
Jul. 31, 2013
Stockholders' Equity [Abstract]  
Schedule of Warrants Activity

A summary of the Company's warrant activity during the three months ended July 31, 2013 is presented below:


                                 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

9,090,292

 

 

$

0.46

 

 

 

 

 

 

 

Granted

 

 

1,115,026

 

 

 

0.33

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited

 

 

(40,000

)

 

 

0.50

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2013

 

 

10,165,318

 

 

$

0.45

 

 

 

4.1

 

 

$

51,862

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2013

 

 

10,165,318

 

 

$

0.45

 

 

 

4.1

 

 

$

51,862

 


Schedule of Assumptions Used In Valuing Employee Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the three months ended July 31, 2013:


     

 

 

July 31,

Assumptions

 

2013

Expected life (years)

 

3.5

Expected volatility

 

46.5%

Weighted-average volatility

 

46.5%

Risk-free interest rate

 

0.38%

Dividend yield

 

0.00%

Expected forfeiture rate

 

3.9%


Schedule of Employee and Director Stock Option Activity

A summary of the Company's stock option activity for employees and directors during the three months ended July 31, 2013 is presented below:


                                 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

7,344,381

 

 

$

0.35

 

 

 

 

 

 

 

Granted

 

 

1,536,211

 

 

$

0.35

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(40,000

)

 

$

0.35

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2013

 

 

8,840,592

 

 

$

0.35

 

 

 

4.2

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2013

 

 

2,051,998

 

 

$

0.35

 

 

 

4.1

 

 

$

-

 


Schedule of Assumptions Used In Valuing Non-Employee Stock Options

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to non-employees during the three months ended July 31, 2013:


     

 

 

July 31,

Assumptions

 

2013

Expected life (years)

 

N/A

Expected volatility

 

N/A

Weighted-average volatility

 

N/A

Risk-free interest rate

 

N/A

Dividend yield

 

N/A

Schedule of Non-Employee Stock Option Activity

A summary of the Company's stock option activity for non-employees during the three months ended July 31, 2013 is presented below:


                                 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

270,000

 

 

$

0.35

 

 

 

 

 

 

 

Granted

 

 

-

 

 

$

-

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2013

 

 

270,000

 

 

$

0.35

 

 

 

4.3

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2013

 

 

47,250

 

 

 

N/A

 

 

 

N/A

 

 

 

N/A