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SENIOR SECURED CONVERTIBLE NOTES (Tables)
12 Months Ended
Apr. 30, 2014
Senior Secured Convertible Notes [Abstract]  
Schedule Of Senior Secured Convertible Notes Payable
Following the Note Amendment, senior secured convertible notes consist of the following April 30, 2014:
 
 
 
Notes
 
Debt Discount
 
Total
 
Beginning balance- Senior secured convertible notes, interest at 4% per annum to maturity June 5, 2014
 
$
4,000,000
 
$
(2,888,889)
 
$
1,111,111
 
Conversion of Notes before Note Amendment
 
 
(593,923)
 
 
-
 
 
(593,923)
 
Amortization of debt discount, Notes
 
 
-
 
 
1,589,585
 
 
1,589,585
 
Redemption of Notes
 
 
(6,077)
 
 
-
 
 
(6,077)
 
Extinguishment of Notes
 
 
(3,400,000)
 
 
-
 
 
(3,400,000)
 
Loss on extinguishment of debt , Notes
 
 
-
 
 
1,299,304
 
 
1,299,304
 
Senior secured convertible notes, interest at 15% per annum to maturity October 31, 2023
 
 
3,400,000
 
 
-
 
 
3,400,000
 
Debt discount - value attributable to beneficial conversion features, Notes
 
 
-
 
 
(3,400,000)
 
 
(3,400,000)
 
Conversion of Notes, and accelerated write off of unamortized debt discount after Note Amendment
 
 
(2,501,666)
 
 
2,501,666
 
 
-
 
Amortization of debt discount, Notes
 
 
-
 
 
44,921
 
 
44,921
 
April 30, 2014
 
$
898,334
 
$
(853,413)
 
$
44,921