4. Licenses, net

6 Months Ended

Oct. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

4. Licenses, net

As a result of the merger with STVU, the Company acquired the license rights to Select-TV HITV (Hospitality Interactive TV, software and hardware), and EMAGINE (home IPTV software and hardware), thus enabling the Company to provide end-to-end IPTV (Internet Protocol Television) solutions to the Hospitality, Residential and Hospital subscribers in North America. Licenses, net, consisted of the following at October 31, 2014 and April 30, 2014:

	October 31,			April 30,
	2014			2014
Licenses	$	263,000		$	–
Accumulated amortization		(192,867	)		–
Licenses, net	$	70,133		$	–

Amortization expense was $13,150 and $-0- for the six months ended October 31, 2014 and 2013, respectively.