Intangible Assets and Goodwill (Tables)

3 Months Ended

Jul. 31, 2012

Intangible Assets And Goodwill Tables

The components of finite-lived intangible assets acquired

	Weighted
	Average		July 31,		April 30,
	Life		2012		2012
Trade names		5 Years	$	733,000	$	733,000
Customer relationships		2 Years		758,000		758,000
Non-compete agreement		4 Years		68,000		68,000
Total gross carrying amount				1,559,000		1,559,000
Less accumulated amortization expense				1,303,334		1,262,434
Net intangible assets			$	255,666	$	296,566

Estimated future amortization expense related to intangible assets

Year ending April 30:
2013	$	162,566
2014		134,000
	$	296,566