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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jan. 31, 2013
Accounting Policies [Abstract]  
Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share

   Three Months ended January 31, 2013
   Loss  Shares  Per share
   (numerator)  (denominator)  amount
          
Basic net loss per share – net loss and weighted average common shares outstanding  $(781,663)   1,782,925   $(.44)
                
Effect of dilutive securities – stock options   —      —      —   
Effect of dilutive securities – warrants   —      —      —   
                
Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants  $(781,663)   1,782,925   $(.44)

 

   Three Months ended January 31, 2012
   Loss  Shares  Per share
   (numerator)  (denominator)  amount
          
Basic net loss per share – net loss and weighted average common shares outstanding  $(4,182,611)   1,783,885   $(2.34)
                
Effect of dilutive securities – stock options   —      —      —   
Effect of dilutive securities – warrants   —      —      —   
                
Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants  $(4,182,611)   1,783,885   $(2.34)

 

   Nine Months ended January 31, 2013
   Loss  Shares  Per share
   (numerator)  (denominator)  amount
          
Basic net loss per share – net loss and weighted average common shares outstanding  $(3,005,137)   1,784,898   $(1.68)
                
Effect of dilutive securities – stock options   —      —      —   
Effect of dilutive securities – warrants   —      —      —   
                
Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options and warrants  $(3,005,137)   1,784,898   $(1.68)

 

   Nine Months ended January 31, 2012
   Loss  Shares  Per share
   (numerator)  (denominator)  amount
          
Basic net loss per share – net loss and weighted average common shares outstanding  $(6,215,443)   1,766,735   $(3.52)
                
Effect of dilutive securities – stock options   —      —      —   
                
Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options  $(6,215,443)   1,766,735   $(3.52)

 

Summary of option activity
   Shares  Weighted
average
exercise
price
  Weighted
average
remaining
contractual
life (1)
  Aggregate
intrinsic
value (2)
             
 Balance April 30, 2012    290,983   $14.04    5.29    —   
                       
 Granted     16,667   $4.14    —      —   
 Exercised    —      —      —      —   
 Expired    (21,075)  $16.65    —      —   
 Balance January 31, 2013    286,575   $13.27    4.84    —   
 Exercisable January 31, 2013    257,325   $14.10    4.91    —   
 Expected to vest January 31, 2013    272,167   $13.27    4.84    —