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Stock Options (Tables)

9 Months Ended

Jan. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Changes in Stock Options

he following table summarizes information about the options outstanding and exercisable at January 31, 2015:

		Options				Weighted Average Exercise Prices

Outstanding – April 30, 2014			88,038,281			$	0.06
Exercisable – April 30, 2014			24,204,947			$	0.06
Granted			21,000,000			$	0.06
Exercised			-			$	-
Forfeited/Cancelled			(100,000	)		$	-
Outstanding January 31, 2015			108,938,281			$	0.06
Exercisable – January 31, 2015			30,438,280			$	0.06

Outstanding - Aggregate Intrinsic Value						$	-

Exercisable - Aggregate Intrinsic Value						$	-

Summary of Options Outstanding and Exercisable

The following table summarizes information about the options outstanding and exercisable at October 31, 2014:

			Options Outstanding									Options Exercisable
	Exercise Price		Options			Weighted Avg. Life Remaining		Weighted Avg. Exercise Price				Options				Weighted Avg. Exercise Price
$	0.22			465,116		0.01 years		$	0.22				465,116			$	0.22
$	0.06			108,473,165		8.79 years		$	0.06				29,973,164			$	0.06
				108,938,281									29,973,164
Aggregate Intrinsic Value								$	-							$	-

Summary of Warrants Outstanding and Exercisable

Warrants:

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Life Remaining
Outstanding and exercisable – April 30, 2014			40,625,000				0.14				1.62
Forfeited			-				-				-
Granted			-				-				-
Outstanding and exercisable – January 31, 2015			40,625,000				0.14				0.86

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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