Related Party Transactions (Details Narrative) |
1 Months Ended | 12 Months Ended | |||
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Oct. 31, 2013
USD ($)
integer
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Dec. 31, 2011
USD ($)
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Apr. 30, 2015
USD ($)
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Apr. 30, 2014
USD ($)
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Apr. 30, 2013
USD ($)
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Related Party Transactions (Textual) [Abstract] | |||||
Sale leaseback, gain on sale of assets | $ (71,000) | ||||
Sale leaseback, portion of deferred gain in accrued liabilities | 282,000 | $ 929,000 | |||
Sale leaseback, portion of deferred gain in other long term liabilities | 179,000 | 250,000 | |||
Sheerr Memory | |||||
Related Party Transactions (Textual) [Abstract] | |||||
Purchase of inventories for resale | 1,348,000 | 3,144,000 | |||
Accounts payable | $ 15,000 | 271,000 | |||
Trade terms with related party | Sheerr Memory offers the Company trade terms of net 30 days and all invoices are settled in the normal course of business. No interest is paid. | ||||
Mr. Sheerr | Note and Security Agreement | |||||
Related Party Transactions (Textual) [Abstract] | |||||
Formula-based secured debt financing capacity | $ 2,000,000 | ||||
Interest rate, description | The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. | The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. | |||
Financing agreement, borrowed amounts under line of credit | $ 2,000,000 | ||||
Principal amount due per month | $ 33,333 | $ 33,333 | |||
Proceeds from sale of equipment and furniture | 500,000 | ||||
Repayment of Note | 500,000 | ||||
Amount borrowed under agreement | $ 966,667 | ||||
Frequency of periodic payment | Monthly | ||||
Number of installments | integer | 29 | ||||
Date of first required payment, principal amount | Nov. 15, 2013 | ||||
Interest expense | 122,000 | ||||
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 2 year period. | ||||
Sale leaseback, monthly rental payments | $ 7,500 | ||||
Sale leaseback, gain on sale of assets | 139,000 | ||||
Sale leaseback, deferred gain | $ 322,000 | ||||
Sale leaseback, portion of deferred gain in accrued liabilities | $ 72,000 | 72,000 | |||
Sale leaseback, portion of deferred gain in other long term liabilities | 179,000 | 250,000 | |||
Keystone Memory Group | |||||
Related Party Transactions (Textual) [Abstract] | |||||
Purchase of inventories for resale | 1,150,000 | $ 1,058,000 | |||
Accounts payable | $ 32,000 | $ 27,000 | |||
Trade terms with related party | Keystone Memory offers the Company trade terms of net due and all invoices are settled in the normal course of business. No interest is paid. |
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- References No definition available.
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- References No definition available.
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- Definition Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the debt agreement requires the first payment to be made, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the frequency of periodic payments (monthly, quarterly, annual). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the required periodic payments applied to principal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from sale of other property, plant and equipment, used to produce goods or deliver services, and not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Purchases during the period (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. No definition available.
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- Definition Description of the terms and manner of settlement of the related party transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of the deferred gain that was recognized in the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of the gain that will be recorded as income or a reduction in rent expense in future periods less amounts recognized in the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the monthly rental payments due under the lease entered into in connection with the transactions involving the sale of property to another party and the lease of the property back to the seller. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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