Business Acquisition (Tables)

3 Months Ended

Jul. 31, 2016

Business Combinations [Abstract]

Allocation of the purchase price to the net assets acquired

The following table summarizes the allocation of the purchase price to the net assets acquired:

Purchase price allocation
Cash and cash equivalents	$	3,364,817
Cost method investment – Horizon Energy Partners, LLC		688,000
Notes receivable – related party		1,600,000
Net assets acquired	$	5,652,817
Consideration for net assets acquired
Fair value of common stock issued	$	5,652,817