Convertible Notes Payable (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Jan. 31, 2016 |
Jan. 31, 2015 |
Oct. 31, 2014 |
Jul. 31, 2014 |
Jan. 31, 2016 |
Jan. 31, 2015 |
|
Short-term Debt [Line Items] | ||||||
Series B Preferred Stock issued for settlement of debt, value | $ 0 | |||||
Gain on extinguishment of debt | $ 22,033 | $ 0 | $ 22,033 | $ 0 | ||
Securities Purchase Agreement | Bridge Notes and Bridge Warrants | ||||||
Short-term Debt [Line Items] | ||||||
Bridge loan | $ 750,000 | |||||
Bridge loan, issuance date | Jul. 15, 2014 | |||||
Bridge loan, maturity date | Jan. 15, 2015 | Oct. 15, 2014 | Jan. 15, 2016 | Jul. 15, 2015 | ||
Bridge loan, conversion description | The initial conversion price for institutional Investors was $2.50 per share (which was subsequently reduced), and the initial conversion price for management was equal to the closing price of the Companys common stock on the closing date of the Purchase Agreement, $2.94. | The sale of shares of its Series A Stock resulted in the reduction of the conversion price of the Bridge Notes held by the institutional investors to $2.00 from $2.50 to equal the conversion price of the Series A Preferred Stock. | ||||
Bridge loan, interest rate | 8.00% | |||||
Sale of Series A preferred stock | 600,000 | 600,000 | ||||
Description of period for exercisability of warrants | The Bridge Warrants are exercisable for five years after the closing date of the Purchase Agreement, or July 15, 2019. For each $1,000 of principal amount of Bridge Notes, the holder received 1,200 Bridge Warrants, each exercisable for the purchase of one share of the Companys common stock. Each holder is entitled to exercise one-third of all Bridge Warrants received at an exercise price of $3.00, one-third of all Bridge Warrants received at an exercise price of $3.50, and one-third of all Bridge Warrants received at an exercise price that is equal to the closing price on the closing date of the Purchase Agreement, $2.94. | |||||
Bridge loan, repayment of debt | $ 70,000 | |||||
Bridge loan, amount of default | $ 80,000 | $ 80,000 | ||||
Series B Preferred Stock issued for settlement of debt, shares | 55,083 | |||||
Series B Preferred Stock issued for settlement of debt, value | $ 649,967 | |||||
Extinguishment of debt, carrying value | 672,000 | |||||
Gain on extinguishment of debt | $ 22,033 |