Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity (Unaudited)

Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)	Common Stock	Additional Paid-In Capital	Preferred Stock	Shares to be Issued	Accumulated Deficit	Total
Beginning balance at Apr. 30, 2014	$ 2,410,512	$ 20,236,093			$ (20,661,667)	$ 1,984,938us-gaap_StockholdersEquity
Net loss					(2,934,932)	(2,934,932)us-gaap_ProfitLoss
Stock based compensation expense		14,148				14,148
Fair value of detachable warrants		562,000				562,000
Beneficial conversion feature of convertible notes payable		188,000				188,000
Common shares issued in connection with sales of preferred stock	182,500	(182,500)				0
Preferred shares issued		920,337	1,776,903			2,697,240
Non-cash preferred stock dividend		(60,000)		60,000		0us-gaap_DividendsPreferredStockStock
Ending balance at Jan. 31, 2015	$ 2,593,012	$ 21,678,078	$ 1,776,903	$ 60,000	$ (23,596,599)	$ 2,511,394us-gaap_StockholdersEquity

- Definition

This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".

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- Definition

Amount of increase in additional paid in capital (APIC) resulting from the issuance of warrants. Includes allocation of proceeds of debt securities issued with detachable stock purchase warrants.

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- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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