Segment Information

9 Months Ended

Jan. 31, 2016

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 nine months ended January 31, 2016 and 2015 and as of January 31, 2016, and April 30, 2015, are as follows:

	Oil and Gas			Real Estate			Total
Three months ended January 31, 2016
Revenue	$	9,882		$	5,354,413		$	5,364,295
Cost of revenue		–			–			–
Gross margin		9,882			5,354,413			5,364,295
Operating expenses		(15,037,752	)		(2,976,652	)		(18,014,404	)
Operating profit (loss)	$	(15,027,870	)	$	2,377,761		$	(12,650,109	)
Three months ended January 31, 2015
Revenue	$	488,273		$	–		$	488,273
Cost of revenue		–			–			–
Gross margin		488,273			–			488,273
Operating expenses		(1,806,742	)		–			(1,806,742	)
Operating loss	$	(1,318,469	)	$	–		$	(1,318,469	)
Nine months ended January 31, 2016
Revenue	$	72,723		$	23,701,524		$	23,774,247
Cost of revenue		–			–			–
Gross margin		72,723			23,701,524			23,774,247
Operating expenses		(17,436,558	)		(13,463,025	)		(30,899,583	)
Operating profit (loss)	$	(17,363,835	)	$	10,238,499		$	(7,125,336	)
Nine months ended January 31, 2015
Revenue	$	1,912,034		$	–		$	1,912,034
Cost of revenue		–			–			–
Gross margin		1,912,034			–			1,912,034
Operating expenses		(6,047,104	)		–			(6,047,104	)
Operating loss	$	(4,135,070	)	$	–		$	(4,135,070	)
January 31, 2016
Cash and cash equivalents (excludes $125,000 of restricted cash)	$	634,310		$	689,978		$	1,324,288
Investment in real estate	$	–		$	3,282,292		$	3,282,292
Oil and gas assets, net	$	790,420		$	–		$	790,420
Intangible assets, net	$	2,113,054		$	–		$	2,113,054
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