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Description of Business and Significant Accounting Policies (Tables)
6 Months Ended
Oct. 31, 2014
Accounting Policies [Abstract]  
Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share
   Three Months ended October 31, 2014 
   Loss   Shares   Per share 
   (numerator)   (denominator)   amount 
             
Basic net loss per share – net loss and weighted average common shares outstanding  $(1,506,961)   2,410,512   $(.63)
                
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  $(1,506,961)   2,410,512   $(.63)

 

   Three Months ended October 31, 2013 
   Loss   Shares   Per share 
   (numerator)   (denominator)   amount 
             
Basic net loss per share – net loss and weighted average common shares outstanding  $(338,192)   1,899,227   $(.18)
                
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  $(338,192)   1,899,227   $(.18)

 

 

   Six Months ended October 31, 2014 
   Loss   Shares   Per share 
   (numerator)   (denominator)   amount 
             
Basic net loss per share – net loss and weighted average common shares outstanding  $(2,266,728)   2,410,512   $(.94)
                
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  $(2,266,728)   2,410,512   $(.94)

 

   Six Months ended October 31, 2013 
   Loss   Shares   Per share 
   (numerator)   (denominator)   amount 
             
Basic net loss per share – net loss and weighted average common shares outstanding  $(1,219,822)   1,826,945   $(.67)
                
Effect of dilutive securities – stock options            
                
Diluted net loss per share – net loss, weighted average common shares outstanding and effect of stock options  $(1,219,822)   1,826,945   $(.67)
Summary of option activity

 

    Shares     Weighted
average
exercise
price
    Weighted
average
remaining
contractual
life (1)
    Aggregate
intrinsic
value
 
                         
Balance April 30, 2014     264,244     $ 12.42       4.46     $ 14,750  
                                 
Expired     (16,000 )   $ 15.42              
Balance October 31, 2014     248,244     $ 12.23       4.22     $ 14,750  
Exercisable October 31, 2014     235,744     $ 12.75       3.99     $ 7,375  
Expected to vest October 31, 2014     224,000     $ 12.23       3.99     $ 7,375  

 

  (1) This amount represents the weighted average remaining contractual life of stock options in years.