Stock Options

3 Months Ended

Jul. 31, 2015

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

Stock Options

The following table summarizes information about the options outstanding and exercisable at July 31, 2015:

	Options		Weighted Average Exercise Prices
Outstanding April 30, 2015		108,188,281	$	0.06
Exercisable – April 30, 2015		31,648,280	$
Granted		-	$	-
Exercised		-	$	-
Forfeited/Cancelled		-	$	-
Outstanding July 31, 2015		108,188,281	$	0.06
Exercisable – July 31, 2015		33,108,280	$
Outstanding - Aggregate Intrinsic Value			$	-
Exercisable - Aggregate Intrinsic Value			$	-

The following table summarizes information about the options outstanding and exercisable at July 31, 2015:

		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		105,723,165	8.18 years		0.06	30,323,164		0.06
$	0.03		2,000,000	9.50 years	$	0.03	2,320,000	$	0.03
			108,188,281				33,108,280
Aggregate Intrinsic Value					$	-		$	-

During the three months ended July 31, 2015 and 2014, the Company expensed an aggregate $228,930 and $189,244 to general and administrative expenses for stock based compensation pursuant to employment and consulting agreements.

As of July 31, 2015, no intrinsic value was attributable to stock-based compensation.

During the three months ended July 31, 2015, the Company had no other stock based compensation expense.

As of July 31, 2015, the Company has $1,972,023 in unrecognized stock based compensation expense, which will be amortized over a weighted average exercise period of 1.61 years.

Warrants:

	Number of  Warrants		Weighted Average Exercise Price		Weighted Average Life Remaining
Outstanding and exercisable – April 30, 2015		67,291,667		0.10		2.29
Forfeited		-		-		-
Granted		-		-		-
Outstanding and exercisable – July 31, 2015		67,291,667		0.10		2.04

The aggregate intrinsic value of the warrants was $0.