PROPERTY AND EQUIPMENT

3 Months Ended

Jul. 31, 2011

3.	PROPERTY AND EQUIPMENT

Property and equipment consists of the following:

	July 31,			April 30,
	2011			2011

Furniture, fixtures and office equipment	$	30,919		$	17,614
Computers, servers and equipment		295,941			295,941
		326,860			313,555
Less: accumulated depreciation		(163,474	)		(140,804	)

	$	163,386		$	172,751

Depreciation expense was $22,670 for the three months ended July 31, 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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