Stock Options (Tables)

3 Months Ended

Jul. 31, 2016

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

Schedule of Changes in Stock Options

	Options			Weighted Average Exercise Prices
Outstanding April 30, 2016		743,050		$	4.00
Exercisable – April 30, 2016		421,460		$	3.41
Granted		1,761,458		$	1.38
Exercised		-			-
Forfeited/Cancelled		(2,326	)		-
Outstanding – July 31, 2016		2,502,182		$	2.16
Exercisable – July 31, 2016		1,129,542		$	2.22
Outstanding – Aggregate Intrinsic Value				$	915,958
Exercisable – Aggregate Intrinsic Value				$	334,657

Summary of Options Outstanding and Exercisable

				Options Outstanding			Options Exercisable
	Exercise Price			Options	Weighted Avg. Life Remaining		Options
	$	1.38		1,761,458	9.95 years		643,572
	$	2.00		457,402	9.00 years		356,621
	$	2.87		65,334	9.00 years		29,611
	$	3.00		51,001	9.66 years		25,084
	$	3.39		24,000	9.64 years		10,000
	$	6.00		10,000	8.75 years		10,000
	$	12.00		132,987	7.68 years		54,654
				2,502,182			1,129,542
Aggregate Intrinsic Value			$	915,958		$	334,657

Summary of Warrants Outstanding and Exercisable

	Number of  Warrants		Weighted Average Exercise Price		Weighted Average Life Remaining
Outstanding and exercisable – April 30, 2016		133,333	$	50.00		3.83
Forfeited		-		-		-
Granted		-		-		-
Outstanding and exercisable – July 31, 2016		133,333	$	50.00		3.58