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RELATED PARTY TRANSACTIONS

12 Months Ended

Apr. 30, 2014

13.	RELATED PARTY TRANSACTIONS

For the year ended April 30, 2014, the Company incurred $204,000, in consulting fees expense from companies with a common director or officer, zero in compensation expense for the issuance of common stock to directors and officers of the Company, and $353,666 in compensation expense for the issuance of stock options to directors and officers of the Company.

For the year ended April 30, 2013, the Company incurred $204,000, in consulting fees expense from companies with a common director or officer, zero in compensation expense for the issuance of common stock to directors and officers of the Company, and zero in compensation expense for the issuance of stock options to directors and officers of the Company.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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