Related Party Transactions (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Dec. 15, 2015 |
Nov. 30, 2013 |
Oct. 31, 2015 |
Oct. 31, 2014 |
Oct. 31, 2015 |
Oct. 31, 2014 |
Apr. 30, 2015 |
Nov. 06, 2013 |
|
Related Party Transactions (Textual) [Abstract] | ||||||||
Sale leaseback, gain on sale of assets | $ (35,832) | $ (35,831) | ||||||
Sale leaseback, portion of deferred gain in accrued liabilities | $ 174,752 | 174,752 | $ 282,284 | |||||
Sale leaseback, portion of deferred gain in other long term liabilities | 143,331 | $ 143,331 | 179,163 | |||||
Leaseback Agreement with Mr. Sheerr | ||||||||
Related Party Transactions (Textual) [Abstract] | ||||||||
Sale-leaseback transaction date | October 31, 2013 | |||||||
Sale leaseback transaction, lease terms | The Company entered into an agreement with Mr. Sheerr to leaseback the equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional two year period. | |||||||
Sale leaseback transaction, value | 500,000 | $ 500,000 | ||||||
Sale leaseback, monthly rental payments | 7,500 | |||||||
Sale leaseback, gain on sale of assets | 139,000 | |||||||
Sale leaseback, deferred gain | 322,000 | 322,000 | ||||||
Sale leaseback, portion of deferred gain in accrued liabilities | 72,000 | 72,000 | 72,000 | |||||
Sale leaseback, portion of deferred gain in other long term liabilities | 143,000 | 143,000 | 179,000 | |||||
Sheerr Memory, LLC | ||||||||
Related Party Transactions (Textual) [Abstract] | ||||||||
Purchase of inventories for resale | $ 20,000 | 165,000 | $ 299,000 | 289,000 | 773,000 | |||
Accounts payable | 12,000 | $ 12,000 | 15,000 | |||||
Creditor trade cycle term | 30 days | |||||||
Keystone Memory Group | ||||||||
Related Party Transactions (Textual) [Abstract] | ||||||||
Purchase of inventories for resale | $ 161,000 | 25,000 | $ 270,000 | $ 658,000 | $ 526,000 | |||
Accounts payable | 37,000 | 37,000 | $ 27,000 | |||||
Rosenthal & Rosental, Inc. | Revolving Credit Line | ||||||||
Related Party Transactions (Textual) [Abstract] | ||||||||
Formula-based secured debt financing capacity | $ 3,500,000 | |||||||
Maturity date | Nov. 30, 2016 | |||||||
Borrowings, collateral, description | Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. | |||||||
Interest rate, description | Prime Rate (as defined in the Financing Agreement) plus 3.25% (the "Effective Rate") or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. | |||||||
Credit facility, description | The Company's financing agreement (the Financing Agreement) with Rosenthal & Rosenthal, Inc. provides for a revolving loan with a maximum borrowing capacity of $3,500,000. The Company requested and received a waiver of compliance with respect to certain provisions of the Financing Agreement in connection certain Bridge Notes issued July 2014. The Financing Agreement provides for advances against eligible accounts receivable and inventory balances based on prescribed formulas of raw materials and finished goods. | |||||||
Credit facility, covenant terms | The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting the Companys ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. | |||||||
Additional availability under the terms of the agreement | $ 18,000 | $ 18,000 |