XML 18 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Going Concern Uncertainty
12 Months Ended
Apr. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern Uncertainty

NOTE 3 – GOING CONCERN UNCERTAINTY

 

The accompanying audited consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of the business. The Company has incurred material losses from operations. At April 30, 2016, the Company had a working capital deficit of $1,167,664 in addition to limited cash, limited revenue and unprofitable operations. For the fiscal year ended April 30, 2016, the Company sustained net losses and generated negative cash flows from operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that may be necessary should the Company be unable to continue as a going concern. The Company’s continuation as a going concern is contingent upon its ability to obtain additional financing and to generate revenue and cash flow to meet its obligations on a timely basis.