Annual report pursuant to Section 13 and 15(d)

9. INCOME TAXES (Tables)

v3.19.2
9. INCOME TAXES (Tables)
12 Months Ended
Apr. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets
    April 30,  
    2019     2018  
Deferred tax assets:                
Net operating loss carryforwards   $ 11,849,290       11,038,315  
Stock compensation     2,233,230       2,117,840  
Other     105,251       79,446  
Total deferred tax assets     14,187,771       13,235,601  
Net deferred tax assets                
Valuation allowance     (14,187,771 )     (13,235,601 )
    $     $  
Tax provision schedule
    Years Ended April 30,  
    2019     2018  
Federal benefit at statutory rate   $ (854,118 )     (2,321,806 )
State income taxes, net of Federal taxes     (274,538 )     (398,121 )
Permanent differences     170,032       286,005  
Tax rate change           887,749  
Provision related to change in valuation allowance     952,170       1,714,305  
Stock compensation           (20,393 )
Other, net     6,454       (147,739 )
    $     $