7. STOCK OPTIONS AND WARRANTS (Details - Option Assumptions) |
6 Months Ended | |
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Oct. 31, 2017 |
Oct. 31, 2016 |
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Employee Options [Member] | ||
Risk-free interest rate | 2.00% | |
Expected volatility | 107.00% | |
Expected lives (years) | 2 years 6 months | |
Expected dividend yield | 0.00% | |
Non-Employee Options [Member] | ||
Risk-free interest rate | 2.00% | 1.80% |
Expected volatility | 107.00% | 110.00% |
Expected lives (years) | 5 years | 5 years |
Expected dividend yield | 0.00% | 0.00% |
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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