INCOME TAXES (Tables)

12 Months Ended

Apr. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes from continuing operations for the years ended April 30, 2017 and 2016 is summarized as follows:

	Years Ended
	April 30,
	2017		2016
Current
Federal	$	-	$	-
State		1,632		1,706
Foreign		-		-
Totals		1,632		1,706
Deferred
Federal		-		-
State		-		-
Foreign		-		-
Totals		-		-
Total provision for income taxes (benefits)	$	1,632	$	1,706

Schedule of Effective Income Tax Rate Reconciliation

The principal differences between the statutory income tax and the actual provision for income taxes are summarized as follows:

	Years Ended
	April 30,
	2017		2016
Expected tax (benefit) provision at statutory rate (34%)	$	(413,337)	$	(1,233,531)
State and local taxes, net of federal tax benefit		(684,228)		(675,924)
Valuation allowance		1,300,959		1,288,447
Deferred tax true-up		(320,038)
Write-off of foreign tax credits		-		265,600
Inducement Expense		-		136,000
Permanent differences		118,276		1,706
Other		-		219,408
Totals	$	1,632	$	1,706

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities are as follows:

	April 30, 2017		April 30, 2016
Deferred tax assets:
Allowance for doubtful accounts	$	100,989	$	36,165
Bonus and vacation accruals		45,319		53,727
Non-qualified stock options		1,422,692		1,135,090
Valuation allowance		(1,569,000)		(1,224,973)
Deferred tax assets-current		-		-
Capital loss carryforward		4,768,005		4,126,345
Property and equipment		(12,725)		43,948
Net operating loss carryforward		12,962,521		12,590,576
Valuation allowance		(17,717,801)		(16,760,869)
Deferred tax assets (liabilities)-long term		-		-
Net deferred tax assets (liabilities)		-	$	-