Securities Purchase Agreement (Details Narrative) (USD $)
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9 Months Ended | 0 Months Ended | 1 Months Ended | |
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Jan. 31, 2014
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Jan. 31, 2013
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May 11, 2011
Securities Purchase Agreement of May 11, 2011
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Sep. 18, 2013
Securities Purchase Agreement of September 18, 2013
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Securities Purchase Agreements (Textual) [Abstract] | ||||
Numer of common stock sold | 295,833 | 350,931 | ||
Number of common stock called by warrants | 221,875 | |||
Proceeds from sale of common stock and warrants, gross | $ 807,000 | |||
Net proceeds from sale of common stock and warrants | $ 695,491 | $ 2,998,000 | $ 695,491 | |
Combination of securities offered in Securities Purchase Agreement, description | The common stock and warrants were sold in fixed combinations, with each combination consisting of one share of common stock and 0.75 of one warrant, with each whole warrant exercisable for one share of common stock. | The common stock and warrants were sold in fixed combinations, with each combination consisting of one share of common stock and one warrant, with each warrant exercisable for one share of common stock. | ||
Purchase price per fixed combination | 11.28 | 2.30 | ||
Description of period for exercisability of warrants | The warrants became exercisable six months and one day following the closing date of the Offering and will remain exercisable for five years thereafter. | |||
Exercise price of warrants | 13.56 | |||
Percentage of holding in common stock after which exercisability of warrant may be limited | 4.99% | |||
Right to call warrants for cancellation, description | After the one year anniversary of the initial exercise date of the warrants, the Company has the right to call the warrants for cancellation for $.006 per share in the event that the volume weighted average price of the Companys Common Stock for 20 consecutive trading days exceeds $27.12. |
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Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of shares issued as consideration for cash for development stage entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Value of shares issued as consideration for cash for development stage entities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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