STOCK OPTIONS AND INCENTIVE PLANS (Tables)

12 Months Ended

Apr. 30, 2013

STOCK OPTIONS AND INCENTIVE PLANS [Abstract]

Summary of stock options and warrants

A summary of stock options and warrants is as follows:

	2013		2012		2011
Options exercisable at April 30		0		0		0
Weighted average fair value per share options granted per year	$	0.49	$	0.49	$	0.49

Option activity based on exercise price range

Range of Exercise Prices			Number Outstanding and Exercisable		Weighted Average Remaining Contract Life	Weighted Average Exercise and Outstanding Price
	$	0.49		0	2.1 years		$	0.49

Summary of stock options

	Options		Average Price
Outstanding beginning 04/30/2010		1,224,834	$	0.80
Granted		7,262,064		0.49
Expired		1,224,834		0.79
Exercised		-		-
Outstanding ending 04/30/2011		7,262,064	$	0.49
Outstanding beginning 04/30/2011		7,262,064	$	0.49
Granted		-		-
Expired		-		-
Exercised		-		-
Outstanding ending 04/30/2012		7,262,064	$	0.49

Outstanding beginning 04/30/2012	7,262,064	$	0.49
Granted	-		-
Expired	-		-
Exercised	-		-
Outstanding ending 04/30/2013	7,262,064	$	0.49