2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jul. 31, 2014

Accounting Policies [Abstract]

Historical Net Loss

	Three months ended July 31,
	2014			2013
Historical net loss per share:
Numerator
Net loss attributable to common stockholders	$	(2,171,412	)	$	(4,339,823	)
Less: Effect of amortization of interest expense on convertible notes		-			(3,080,177	)
Net loss attributable to common stockholders (diluted)		(2,171,412	)		(7,420,000	)
Denominator
Weighted-average common shares outstanding		27,661,499			2,102,771
Effect of dilutive securities		-			107,480
Denominator for diluted net loss per share		27,661,499			2,210,251
Basic net loss per share	$	(0.08	)	$	(2.06	)
Diluted net loss per share	$	(0.08	)	$	(3.36	)

Anti-dilutive securities

	Three months ended July 31,
	2014		2013
Options to purchase common stock		3,694,282		51,103
Warrants to purchase common stock		2,553,236		3,564,636
Restricted stock grants		12,384		13,975
Convertible preferred shares outstanding		-		2,417,101