STOCKHOLDERS' EQUITY

9 Months Ended

Jan. 31, 2015

Stockholders' Equity Note [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 13 - STOCKHOLDERS’ EQUITY

Common Shares

During the quarter ended January 31, 2015, the Company issued 600,000 shares of Common Stock, in transactions that were not registered under the Securities Act of 1933. The shares of Common Stock were issued upon the conversion of 600 shares of Series F-1 Preferred Stock in reliance upon the exemption from registration in Section 3(a)(9) of the Securities Act of 1933.

Preferred Shares

During the quarter ended January 31, 2015, the Company issued 11,175 shares of Series F-1 Preferred Stock and 3,447 shares of Series G-1 Preferred Stock (see Note 1 – Basis of Presentation and Recent Developments).