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Nature of Operations and Liquidity (Tables)
3 Months Ended 12 Months Ended
Jul. 31, 2014
Apr. 30, 2014
Nature of Operations and Liquidity [Abstract]    
Schedule of Discontinued Operations

The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:


                 

 

 

For the

Three Months Ended

 

 

 

July 31,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

-

 

 

$

222,625

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

Instructional costs and services

 

 

-

 

 

 

200,362

 

Total costs and expenses

 

 

-

 

 

 

200,362

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net of income taxes

 

$

-

 

 

$

22,263

 

 

The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows:

  

                 

 

 

July 31,

 

 

April 30,

 

 

 

2014

 

 

2014

 

Assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

-

 

 

$

-

 

Accounts receivable, net of allowance of $481,351, and $481,531, respectively

 

 

5,250

 

 

 

5,250

 

Other current assets

 

 

-

 

 

 

-

 

Net assets from discontinued operations

 

$

5,250

 

 

$

5,250

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

-

 

 

$

-

 

Accrued expenses

 

 

-

 

 

 

-

 

Deferred revenue

 

 

-

 

 

 

-

 

Net liabilities from discontinued operations

 

$

-

 

 

$

-

 


The following table shows the results of the "Smart Home Integration Certificate" program component included in the income (loss) from discontinued operations:


                                 

 

 

For the year

 

 

For the year

 

 

 

 

 

 

 

 

 

ended

 

 

ended

 

 

For the

 

 

 

April 30,

 

 

December 31,

 

 

Four Months Ended April 30,

 

 

 

2014

 

 

2012

 

 

2013

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

(Unaudited)

 

 

  

 

 

 

 

 

 

 

 

 

 

  

Revenues

 

$

549,125

 

 

$

2,332,283

 

 

$

140,732

 

 

$

1,077,875

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructional costs and services

 

 

494,213

 

 

 

2,026,928

 

 

 

126,659

 

 

 

929,362

 

General and administrative

 

 

(29,751

)

 

 

169,045

 

 

 

126,000

 

 

 

-

 

Total costs and expenses

 

 

464,462

 

 

 

2,195,973

 

 

 

252,659

 

 

 

929,362

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations, net of income taxes

 

$

84,663

 

 

$

136,310

 

 

$

(111,927

)

 

$

148,513

 


The major classes of assets and liabilities of discontinued operations on the balance sheet are as follows:


                 

 

 

April 30,

 

 

April 30,

 

 

 

2014

 

 

2013

 

Assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

-

 

 

$

-

 

Accounts receivable, net of allowance of $481,531 and $295,045, respectively

 

 

5,250

 

 

 

113,822

 

Other current assets

 

 

-

 

 

 

-

 

Net assets from discontinued operations

 

$

5,250

 

 

$

113,822

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

-

 

 

$

1,178

 

Accrued expenses

 

 

-

 

 

 

70,201

 

Deferred revenue

 

 

-

 

 

 

53,125

 

Net liabilities from discontinued operations

 

$

-

 

 

$

124,504