Related Party Transactions

9 Months Ended

Jan. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 6. Related Party Transactions

Related party transactions include transactions between the Company and certain of its shareholders, management and affiliates. The following transactions were in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the parties.

Consulting Services

During the nine months ended January 31, 2012 and 2011, the Company paid one of its directors and former Chief Executive Officer, $18,000 and $75,000, respectively, in consulting fees. During the nine months ended January 31, 2012 and 2011, the Company paid certain members of its Board of Directors $103,000 and $45,000, respectively, for consulting services unrelated to their duties as board members.

Revenue

During the nine months ended January 31, 2012, the Company recognized $20,000 in revenues from companies whose board members were also members of the Company’s Board of Directors. No such revenues were recognized for the nine months ended January 31, 2011.