Note Receivable (Details Narrative) (USD $)
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6 Months Ended | |
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Oct. 31, 2012
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Oct. 31, 2011
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Notes Receivable (Textual) [Abstract] | ||
Amount advanced under the note | $ 750,000 | |
Shoreline
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Notes Receivable (Textual) [Abstract] | ||
Amount to be lend under Convertible Senior Promissory Note | 1,500,000 | |
Note receivable, interest rate description | Note bears interest at Prime plus 3.25%. | |
Common stock called by warrants, percentage | 30.00% | |
Warrants expiration period, description | The warrant expires sixty days after the third anniversary. | |
Date of transaction | Aug. 01, 2012 | |
Amount advanced under the note | 375,000 | |
Payments to acquire equity ownership of Shoreline | 176 | |
Equity ownership acquired | 15.00% | |
Shoreline | Convertible Senior Promissory Note
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Notes Receivable (Textual) [Abstract] | ||
Amount to be lend under Convertible Senior Promissory Note | 1,500,000 | |
Note receivable, interest rate description | Prime plus 3.0% | |
Terms of advance under the note | Each time the Company advances money under the note, the Company is granted 1% of the common stock for every $100,000 advanced up to a maximum of 15%. This is in addition to the 15% allowable under the conversion of the note and the warrant to acquire 30% of Shoreline common stock. The conversion is at the rate of 1% of the outstanding common stock for each $100,000 converted up to a maximum of 15%. | |
Note receivable maturity period | 3 years | |
Note receivable collateral, description | The note is secured by all the assets of Shoreline and Shoreline Capital Management Ltd. ("Shoreline Capital") as guarantor. | |
Equity ownership acquired | 15.00% | |
Shoreline | Convertible Senior Promissory Note 2012-07-31
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Notes Receivable (Textual) [Abstract] | ||
Date of transaction | Jul. 31, 2012 | |
Amount advanced under the note | 375,000 | |
Shoreline | Convertible Senior Promissory Note 2012-08-01
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Notes Receivable (Textual) [Abstract] | ||
Date of transaction | Aug. 01, 2012 | |
Amount advanced under the note | $ 375,000 |