5. INTANGIBLE ASSETS (Tables)

3 Months Ended

Jul. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

The following table summarizes the Company’s intangible assets as of July 31, 2014:

Asset Category	Value Assigned		Weighted Average Amortization Period (in Years)	Impairments		Accumulated Amortization			Carrying Value (Net of Impairments and Accumulated Amortization)
IPR&D	$	22,000,000	N/A	$	-	$	-		$	22,000,000
Patents		736,045	10.7		-		(298,635	)		437,410
License Rights		611,064	14.4		-		(156,727	)		454,337
Trademarks		106,386	N/A		-		-			106,386
Total	$	23,453,495		$	-	$	(455,362	)	$	22,998,133

The following table summarizes the Company’s intangible assets as of April 30, 2014:

Asset Category	Value Assigned		Weighted Average Amortization Period (in Years)	Impairments		Accumulated Amortization			Carrying Value (Net of Impairments and Accumulated Amortization)
IPR&D	$	22,000,000	N/A	$	-	$	-		$	22,000,000
Patents		724,067	10.8		-		(289,943	)		434,124
License Rights		607,947	14.6		-		(148,713	)		459,234
Trademarks		106,386	N/A		-		-			106,386
Total	$	23,438,400		$	-	$	(438,656	)	$	22,999,744