Annual report pursuant to Section 13 and 15(d)

Equity Exchange Transactions (Details Narrative)

v3.5.0.2
Equity Exchange Transactions (Details Narrative) - USD ($)
12 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Common stock, issued shares 1,648,287 925,337
Common stock, outstanding shares 1,648,287 925,337
Equity Exchange Transactions | Warrant    
Adjustment in additional paid in capital [1] $ 806,860  
Series A Preferred Warrants, number of warrants exchanged for Series B Preferred Stock 1,616,500  
Bridge Note Holders of Warrants, number of warrants exchanged for Series B Preferred Stock 255,000  
Investor held Warrants, number of warrants exchanged for Series B Preferred Stock 87,967  
Equity Exchange Transactions | Series B Preferred Shares    
Securities exchanged for newly designated Series B Convertible Preferred Stock 335,684  
Series B Preferred Stock, issued as a result of exchange of Series A Preferred Stock 214,465  
Adjustment in additional paid in capital $ 1,572,000  
Series B Preferred Stock, issued as a result of exchange of Series A Preferred Warrants 40,413  
Series B Preferred Stock, issued as a result of exchange of warrants held by Bridge Note holders 19,125  
Series B Preferred Stock, issued as a result of exchange of warrants held by investors 6,598  
Exchange Agreement, description As contemplated by the Exchange Agreements and as approved by the Company’s Board of Directors on January 21, 2016, the Company filed with the Secretary of State of the State of Nevada, a Certificate of Designation of Preferences, Rights and Limitations of 0% Series B Convertible Preferred Stock (the “Series B Certificate of Designations”). Pursuant to the Series B Certificate of Designations, the Company designated 400,000 shares of its blank check preferred stock as Series B Preferred Stock. Each share of Series B Preferred Stock has a stated value of $12.20 per share. In the event of a liquidation, dissolution or winding up of the Company, each share of Series B Preferred Stock will be entitled to a per share preferential payment equal to the par value. All shares of capital stock of the Company will be junior in rank to Series B Preferred Stock with respect to the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding-up of the Company. The Holders will be entitled to receive dividends if and when declared by the Company’s Board of Directors. In addition, the Series B Preferred Stock shall participate on an “as converted” basis, with all dividends declared on the common stock.  
Preferred stock, outstanding shares 331,559  
Number of Series B Preferred Stock convertible into an aggregate shares of Common Stock 2,210,390  
Equity Exchange Transactions | Series A Preferred Shares    
Outstanding Series A Preferred Stock, number of shares exchanged for Series B Preferred Stock 523,300  
[1] $493,060 for investors who held Preferred Stock and warrants; $233,300 for institutional bridge note holders; $80.50 for investors who held warrants.