Quarterly report pursuant to sections 13 or 15(d)

Stockholders' Equity (Tables)

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

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


                                 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2013

 

 

9,090,292

 

 

$

0.45

 

 

 

 

 

 

 

Granted

 

 

9,199,236

 

 

 

0.33

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited

 

 

(40,000

)

 

 

0.50

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Balance Outstanding, October 31, 2013

 

 

18,249,528

 

 

$

0.40

 

 

 

4.6

 

 

$

196,123

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, October 31, 2013

 

 

18,249,528

 

 

$

0.40

 

 

 

4.6

 

 

$

196,123

 


Stock Incentive Plan To Employees And Directors [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used In Valuing 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 October 31, 2013:


     

 

 

October 31,

Assumptions

 

2013

Expected life (years)

 

3.5

Expected volatility

 

46.7%

Weighted-average volatility

 

46.7%

Risk-free interest rate

 

0.38%

Dividend yield

 

0.00%

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, 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

 

 

1,863,711

 

 

$

0.35

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(45,000

)

 

$

0.35

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, October 31, 2013

 

 

9,163,092

 

 

$

0.35

 

 

 

4.0

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, October 31, 2013

 

 

2,050,332

 

 

$

0.35

 

 

 

3.8

 

 

$

-

 


Stock Incentive Plan To Non Employees [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used In Valuing 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 October 31, 2013:


     

 

 

October 31,

Assumptions

 

2013

Expected life (years)

 

NA

Expected volatility

 

NA

Weighted-average volatility

 

NA

Risk-free interest rate

 

NA

Dividend yield

 

NA

Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the six months ended October 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, October 31, 2013

 

 

270,000

 

 

$

0.35

 

 

 

3.7

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, October 31, 2013

 

 

58,333

 

 

 

N/A

 

 

 

N/A

 

 

 

N/A