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Related Party Transactions (Tables)
12 Months Ended
Apr. 27, 2014
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
Notes payable – related party consisted of the following:
 
 
 
April 27, 2014
 
April 30, 2013
 
 
 
 
 
 
 
 
 
On April 2, 2012, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $150,000, with interest at 6% per annum, with principal due on April 1, 2013; the maturity date was subsequently extended to November 1, 2014.
 
$
150,000
 
$
150,000
 
 
 
 
 
 
 
 
 
On June 21, 2012, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $150,000, with interest at 6% per annum, with principal due on June 20, 2013; the maturity date was subsequently extended to November 1, 2014.
 
 
150,000
 
 
150,000
 
 
 
 
 
 
 
 
 
On May 13, 2013, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $10,000, with interest at 6% per annum, with principal due on May 13, 2014. The maturity date was subsequently extended to November 13, 2014.
 
 
10,000
 
 
-
 
 
 
 
 
 
 
 
 
On May 23, 2013, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $50,000, with interest at 6% per annum, with principal due on May 23, 2014. The maturity date was subsequently extended to November 23, 2014.
 
 
50,000
 
 
-
 
 
 
 
 
 
 
 
 
On June 17, 2013, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $100,000, with interest at 6% per annum, with principal due on June 17, 2014. The maturity date was subsequently extended to December 17, 2014.
 
 
100,000
 
 
-
 
 
 
 
 
 
 
 
 
On July 2, 2013, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $10,000, with interest at 6% per annum, with principal due on July 2, 2014. The maturity date was subsequently extended to January 2, 2015.
 
 
10,000
 
 
-
 
 
 
 
 
 
 
 
 
On July 3, 2013, the Company signed a promissory note with the Trinad Capital Master Fund for the amount of $30,000, with interest at 6% per annum, with principal due on July 3, 2014. The maturity date was subsequently extended to January 3, 2015.
 
 
30,000
 
 
-
 
 
 
 
 
 
 
 
 
 
 
$
500,000
 
$
300,000
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The Company valued the warrant granted, using the Black-Scholes - pricing model with the following weighted-average assumptions:
 
Expected life (year)
 
10
 
 
 
 
 
Expected volatility
 
118.18
%
 
 
 
 
Expected annual rate of quarterly dividends
 
0.00
%
 
 
 
 
Risk-free interest rate
 
1.84
%
Schedule Of Management Services From Related Party [Table Text Block]
The management services from the related party were as follows:
 
 
 
For the Reporting
Period
Ended
April 27, 2014
 
For the Reporting
Period
Ended
April 30, 2013
 
 
 
 
 
 
 
 
 
(i) (a) Management services billed or accrued on a quarterly basis
 
$
360,000
 
$
360,000
 
 
 
 
 
 
 
 
 
(i) (b) Long-term management services due at the end of the term accrued
 
 
333,336
 
 
333,336
 
 
 
 
 
 
 
 
 
(ii) Amortization of the fair value of the warrant issued
 
 
27,528
 
 
27,528
 
 
 
 
 
 
 
 
 
 
 
$
720,864
 
$
720,864