DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Apr. 30, 2016

Discontinued Operations

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement

Below is a summary of the operating results for the discontinued operations is as follows:

	For the years ended
	April 30,
	2016		2015
Revenue	$	839,969	$	8,773,567
Costs and expenses:
Cost of revenue		546,296		6,078,094
Selling, general and administrative expenses		125,324		2,963,330
Depreciation and amortization		80,971		1,144,056
Impairment loss on capitalized software		-		827,449
		752,591		11,012,929
Operating income (loss) from discontinued operations		87,378		(2,239,362)
Interest expense		(49,234)		(245,936)
Income (loss) from discontinued operations before income tax provision		38,144		(2,485,298)
Income tax provision		10,883		64,815
Income (loss) from discontinued operations, net of tax		27,261		(2,550,113)
Gain from disposal		837,720		798,896
Gain from disposal of BTX		-		19,700
Loss from disposal of Seattle Operations		-		(374,932)
Total income (loss) from discontinued operations	$	864,981	$	(2,106,449)

Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet

The following table summarizes the assets and liabilities held for sale: 

	April 30,		April 30,
	2016		2015
Assets
Current assets:
Accounts receivable, net of allowance	$	-	$	4,264,451
Prepaid expenses and other current assets		-		34,800
Deferred contract cost		-		267,000
Total current assets held for sale		-		4,566,251
Property and equipment, net		-		963,119
Other assets		-		14,000
Total other assets held for sale		-		977,119
Total assets held for sale	$	-	$	5,543,370
Liabilities
Accounts payable and accrued expenses	$	-	$	1,700,943
Due to related party		-		785,684
Short term bank loan		-		3,224,180
Total current liabilities held for sale		-		5,710,807
Total liabilities held for sale	$	-	$	5,710,807

Schedule of Noncontrolling

Noncontrolling interest for the years ended April 30, 2016 and 2015 consists of the following:

	For the years ended
	April 30,
	2016		2015
Balance, beginning of year	$	560,915	$	846,205
Net (loss) income attributable to noncontrolling interest		-		(284,211)
Other comprehensive loss attributable to noncontrolling interest		-		(1,079)
Reclassification adjustments of net loss attributable to noncontrolling interest on sale of China Operations		(560,915)		-
Balance, end of year	$	-	$	560,915