NOTE D – NOTES PAYABLE AND DERIVATIVES (Tables)

12 Months Ended

Apr. 30, 2016

NOTE D – NOTES PAYABLE AND DERIVATIVES (Tables) [Line Items]

Schedule of Debt [Table Text Block]

Notes Payable	April 30, 2016			April 30, 2015
Notes convertible at holder’s option	$	2,625,105		$	2,707,080
Notes convertible at Company’s option		225,000			300,000
Non-convertible notes payable		1,197,500			393,500
Subtotal		4,047,605			3,400,580
Less debt discount		(556,885	)		(762,426	)
Total	$	3,490,720		$	2,638,154

Schedule of Maturities of Long-term Debt [Table Text Block]

At April 30, 2016, notes payable due after one year mature as follows:

Year ending April 30,	Amount
2018		$	306,500

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in derivative liability during the years ended April 30, 2016 and 2015 were:

	April 30,
	2016			2015
Balance, beginning of year	$	1,605,535		$	601,000
Derivative liability reclassified to additional paid in capital		(1,383,617	)		(768,174	)
Derivative financial liability arising on the issue of convertible notes		1,863,374			1,454,337
Fair value adjustments		85,684			318,372
Balance, end of year	$	2,170,976		$	1,605,535

Debt [Member]

NOTE D – NOTES PAYABLE AND DERIVATIVES (Tables) [Line Items]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The change in fair value of the derivative liabilities of convertible notes outstanding at April 30, 2015 was calculated with the following average assumptions, using a Black-Scholes option-pricing model are as follows:

Significant Assumptions:
Risk free interest rate	Ranging from	0.25 % to 0.75		%
Expected stock price volatility		281% to 434		%
Expected dividend payout			0	%
Expected options life in years	Ranging from	0.25 year to 1.83		years

Significant Assumptions:
Risk free interest rate	Ranging from	0.001% to 0.24		%
Expected stock price volatility			230	%
Expected dividend payout			0
Expected options life in years	Ranging from	0. years to 1		year