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CREDIT RISK
12 Months Ended
Apr. 30, 2012
CREDIT RISK [Abstract]  
CREDIT RISK
3. CREDIT RISK
 
Of the cash and cash equivalents amount of $2.8 million at April 30, 2012, approximately $2.1 million represents highly liquid money market funds which are not Federal Deposit Insurance Corporation ("FDIC") insured. The Company maintains its other cash balances primarily in two financial institutions.  The Company reduces its exposure to credit risk by maintaining all of its cash balances with highly rated financial institutions.