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Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficiency (Tables)

v2.4.0.8
Stockholders' Deficiency (Tables)
3 Months Ended
Jul. 31, 2014
Stockholders' Deficiency [Abstract]  
Schedule of Warrants Activity

A summary of the Company's warrant activity during the three months ended July 31, 2014 is presented below:


                                 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2014

 

 

23,144,005

 

 

$

0.31

 

 

 

 

 

 

 

Granted

 

 

8,714,519

 

 

 

0.19

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2014

 

 

31,858,524

 

 

$

0.27

 

 

 

4.9

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2014

 

 

31,858,524

 

 

$

0.27

 

 

 

4.9

 

 

$

-

 


Stock Incentive Plan and Stock Option Grants to Employees and Directors [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for employees and directors during the quarter ended July 31, 2014 is presented below:


                                 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2014

 

 

10,476,412

 

 

$

0.35

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(10,000

)

 

 

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2014

 

 

10,466,412

 

 

$

0.23

 

 

 

3.5

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2014

 

 

5,082,712

 

 

$

0.27

 

 

 

3.4

 

 

$

-

 


Stock Option Grants to Non-Employees [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of the Company's stock option activity for non-employees during the three months ended July 31, 2014 is presented below:

  

                                 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, April 30, 2014

 

 

270,000

 

 

$

0.35

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(50,000

)

 

$

0.19

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding, July 31, 2014

 

 

220,000

 

 

$

0.30

 

 

 

2.8

 

 

 

2.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, July 31, 2014

 

 

73,333

 

 

$

0.30

 

 

 

2.8

 

 

 

2.8