3. NOTE PAYABLE AND CAPITAL LEASE OBLIGATIONS (Tables)

12 Months Ended

Apr. 30, 2013

Debt and Capital Lease Obligations [Abstract]

Equipment purchased under these capital leases

	2013			2012
Furniture, fixtures, office equipment and software	$	258,000		$	258,000
Less accumulated depreciation and amortization		(148,000	)		(96,000	)
Net book value	$	110,000		$	162,000

Minimum future capital lease payments

Year ending April 30,:
2014	$	34,000
2015		13,000
Total minimum lease payments		47,000
Amount representing interest		(2,000	)
Net present value minimum lease payments		45,000
Less current portion included in other current liabilities		(32,000	)
Long-term portion included in other long-term liabilities	$	13,000