MARKETABLE SECURITIES

12 Months Ended

Apr. 30, 2016

MARKETABLE SECURITIES [Text Block]

NOTE 3. MARKETABLE SECURITIES.

Marketable securities consist of certificate of deposits and mutual funds for which fair values were based on quoted prices in active markets and were therefore classified within Level 1 of the fair value hierarchy. The following table is a summary of marketable securities recorded in the Company’s Consolidated Balance Sheets:

		April 30, 2016		April 30, 2015
Certificate of deposits	$	-	$	100,409
Mutual funds		255,824		259,448
Total	$	255,824	$	359,857

The Company sold the certificate of deposits upon its maturity and transferred the proceed / fund to its operating bank account for working capital purposes during fiscal 2016.