Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

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Intangible Assets and Goodwill (Tables)
3 Months Ended
Oct. 31, 2012
Intangible Assets And Goodwill Tables  
The components of finite-lived intangible assets acquired
    Weighted              
    Average     October 31,     April 30,  
    Life     2012     2012  
Trade names     5 Years     $ 733,000     $ 733,000  
Customer relationships     2 Years       758,000       758,000  
Non-compete agreement     4 Years       68,000       68,000  
Total gross carrying amount             1,559,000       1,559,000  
                         
Less accumulated amortization expense             1,344,234       1,262,434  
Net intangible assets           $ 214,766     $ 296,566  
Estimated future amortization expense related to intangible assets
Year ending April 30:        
  2013     $ 162,566  
  2014       134,000  
        $ 296,566