XML 51 R11.htm IDEA: XBRL DOCUMENT

Note 7 - Loan Receivable	12 Months Ended
Apr. 30, 2014
Notes
Note 7 - Loan Receivable	NOTE 7 – LOAN RECEIVABLE On December 22, 2010, we issued a loan of $500,000 to CDI China, Inc., a subsidiary of CD International Enterprises, Inc., and an affiliate of CDI our corporate management services provider. The loan bears interest at the rate of 3% per annum and the principal balance and accrued interest were due on March 30, 2011. Principal balance of $305,459 was repaid and part of accrued interest of $171,720 was repaid to us by CDI China, Inc. during fiscal 2012 and 2013. In fiscal 2014, CDI China, Inc. repaid all remaining principal balances with accrued interest. As of April 30, 2014, the balance of loan receivable from CDI China, Inc. is $0.

Note 7 - Loan Receivable

12 Months Ended

Apr. 30, 2014

NOTE 7 – LOAN RECEIVABLE

On December 22, 2010, we issued a loan of $500,000 to CDI China, Inc., a subsidiary of CD International Enterprises, Inc., and an affiliate of CDI our corporate management services provider. The loan bears interest at the rate of 3% per annum and the principal balance and accrued interest were due on March 30, 2011. Principal balance of $305,459 was repaid and part of accrued interest of $171,720 was repaid to us by CDI China, Inc. during fiscal 2012 and 2013. In fiscal 2014, CDI China, Inc. repaid all remaining principal balances with accrued interest. As of April 30, 2014, the balance of loan receivable from CDI China, Inc. is $0.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References+ Details