COMMITMENTS AND CONTINGENCIES

12 Months Ended

Apr. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

NOTE 12 - COMMITMENTS AND CONTINGENCIES

Employment Agreements

The Company has entered into one-year employment contracts with two of its employees. The aggregate base salary commitments under these contracts at April 30, 2015 are $183,000, which are payable through April 1, 2016.

Lease Commitments

The Company leases its office facilities pursuant to noncancelable operating leases expiring through December 2017. The Company also has noncancelable vehicle leases. The minimum rental commitments under these noncancelable leases at April 30, 2015 are summarized as follows:

Year ending April 30,
2016	$	96,098
2017		79,754
2018		8,088
Total minimum lease payments	$	183,940

Rent expense for all operating leases was approximately $126,000 and $353,000 in 2015and 2014, respectively.