Segment Information

6 Months Ended

Oct. 31, 2015

Segment Reporting [Abstract]

Segment Information

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three and six months ended October 31, 2015 and 2014 and as of October 31, 2015, and April 30, 2015, are as follows:

	Oil and Gas			Real Estate			Total
Three months ended October 31, 2015
Revenue	$	–		$	18,347,111		$	18,347,111
Cost of revenue		–			(10,486,373	)		(10,486,373	)
Gross margin		–			7,860,738			7,860,738
Operating expenses		(1,572,311	)		-			(1,572,311	)
Operating profit/(loss )		(1,572,311	)		7,860,738			6,288,427
Three months ended October 31, 2014
Revenue	$	757,485		$	–		$	757,485
Cost of revenue		–			–			–
Gross margin		757,485			–			757,485
Operating expenses		(1,860,510	)		–			(1,860,510	)
Operating profit/(loss)		(1,103,025	)		–			(1,103,025	)
Six months ended October 31, 2015
Revenue	$	62,841		$	18,347,111		$	18,409,952
Cost of revenue		–			(10,486,373	)		(10,486,373	)
Gross margin		62,841			7,860,738			7,860,738
Operating expenses		(2,404,325	)		-			(2,404,325	)
Operating profit/(loss )		(2,341,484	)		7,860,738			5,519,254
Six months ended October 31, 2014
Revenue	$	1,423,761		$	–		$	1,423,761
Cost of revenue		–			–			–
Gross margin		1,423,761			–			1,423,761
Operating expenses		(4,240,362	)		–			(4,240,362
Operating profit/(loss)		(2,816,601	)		–			(2,816,601	)
October 31, 2015
Cash and cash equivalents (excludes $125,000 of restricted cash)	$	526,135		$	–		$	526,135
Investment in real estate		–			6,021,779			6,021,779
Oil and gas assets, net		15,403,606			–			15,403,606
Intangible assets, net		2,143,167			–			2,143,167
April 30, 2015
Cash and cash equivalents (excludes $125,000 of restricted cash)	$	1,010,543		$	–		$	1,010,543
Investment in real estate		–			–			–
Oil and gas assets, net		15,757,011			–			15,757,011
Intangible assets, net		2,203,393			–			2,203,393