STOCK OPTION COMPENSATION EXPENSE (Tables)

9 Months Ended

Jan. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Stock option plans	For the Nine
	Months ended
	January 31, 2015
Exercise price	$	1.20
Expected stock price volatility		131.5	%
Risk-free rate of interest		1.10	%
Expected term (years)		2.5

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes outstanding stock options as of January 31, 2015.

		Weighted
	Number of	Average
	Shares	Exercise Price
Outstanding as of April 30, 2014	79,207	$	5.23
Employee options granted	720,000		1.20
Expiration	(38,350)		1.17
Outstanding as of January 31, 2015	760,857	$	1.68
Options vested	760,857	$	1.17