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Subsequent Events
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3 Months Ended |
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Jul. 31, 2014
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| Subsequent Events [Abstract] | |
| Subsequent Events |
(13) Subsequent Events
On September 11, 2014, the Company was notified by NASDAQ that in its determination the Company will not be able to cure its shareholder equity deficiency to maintain the Companys listing on NASDAQ prior to the expiration of its granted extension of September 24, 2014. The Company intends to request a hearing to present its current plan to sell Preferred Stock and cure the deficiency. The application for a hearing will stay the delisting of the Companys stock until the hearing takes place and the panel makes a determination. |
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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