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Notes Receivable - Related Party
9 Months Ended
Jan. 31, 2016
Notes Receivable - Related Party  
Notes Receivable - Related Party

During November and December 2015, the Company entered into five promissory note agreements with Fortis. With total principal amounts of $16,438,000. The notes receivable bear interest at an annual rate of 3% and mature on December 31, 2017. As of January 31, 2016, the outstanding balance of the notes receivable was $16,348,000.