Commitments and Contingencies (Details Narrative) (USD $)
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12 Months Ended | ||
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Apr. 30, 2014
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Apr. 30, 2013
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Apr. 30, 2012
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Rental expense | $ 419,000 | $ 512,000 | $ 516,000 |
Open purchase orders outstanding | 1,758,000 | ||
Royalties charged to operations | $ 60,000 | $ 92,000 | $ 94,000 |
Legal Proceedings
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Location of legal proceeding | United States District Court for the Eastern District of Pennsylvania | ||
Ruling description | On July 30, 2013, the District Judge ruled that the Company is required to restore the property to the condition that existed as of January 11, 2006, without making any factual findings on the extent of the Companys liability. | ||
Settlement agreement terms | The Company has agreed in principle, to settle this matter, which will require three (3) payments of $75,000 to be remitted to the landlord (i) on the signing of the Settlement Agreement; (ii) within forty five (45) days of the Settlement Agreement; and (iii) within ninety (90) days of the Settlement Agreement. The Company also agreed to relinquish its right to the $52,000 security deposit in the possession of the landlord. | ||
Settlement agreement date | on or before August 15, 2014 |
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- Definition
Date of the ruling and the decision of the court. No definition available.
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- Definition
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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Identify the name of the court, if applicable, which approved the terms of the settlement agreement resolving the legal matter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effective date of a duly executed litigation settlement agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the terms of a settlement agreement which resolved the legal matter, including the nature of the consideration, timing of payment, and the nature of rights obtained or lost (for example, but not limited to, patent, trademark, copyright, license and franchise rights). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Minimum amount of purchase arrangement maturing in the next fiscal year following the latest fiscal year. Includes, but not limited to, recorded and unrecorded purchase obligations, long-term purchase commitments, and short-term purchase commitments. No definition available.
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- Definition
Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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