Intangible Assets and Goodwill (Tables)

3 Months Ended

Jul. 31, 2013

Intangible Assets And Goodwill Tables

The components of finite-lived intangible assets acquired

	Weighted
	Average		July 31,		April 30,
	Life		2013		2013
Trade names		5 Years	$	733,000	$	733,000
Customer relationships		2 Years		758,000		758,000
Non-compete agreement		4 Years		68,000		68,000
Total gross carrying amount				1,559,000		1,559,000
Less accumulated amortization expense				1,466,934		1,426,034
Net intangible assets			$	92,066	$	132,966

Estimated future amortization expense related to intangible assets

Year ending April 30:
2014	$     132,966