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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Apr. 30, 2014

Commitments and Contingencies

Other Commitments

The aggregate base salary commitments under these contracts at April 30, 2014 are summarized as follows:

Year Ending April 30,
2015		$	463,333
2016			20,000
Total aggregate base salary commitments		$	483,333

Schedule of Future Minimum Rental Payments for Operating Leases

The minimum rental commitments under these noncancelable leases at April 30, 2014 are summarized as follows:

Year ending April 30,
2015		$	119,607
2016			76,200
2017			57,150
Total minimum lease payments		$	252,957

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Tabular disclosure of information about obligations resulting from other commitments.

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717

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