SENIOR SECURED CONVERTIBLE NOTES (Tables)

12 Months Ended

Apr. 30, 2013

Senior Secured Convertible Notes [Abstract]

Schedule Of Senior Secured Convertible Notes Payable

A summary of the Notes at April 30, 2013 is as follows:

	April 30, 2013
Senior secured convertible notes, interest at 4% per annum to maturity June 5, 2014	$	4,000,000
Debt discount - value attributable to warrants attached to notes, net of accumulated amortization of $1,111,111 at April 30, 2013		(2,888,889)
Total		1,111,111
Less: current portion		(1,111,111)
Total long-term portion	$	-