Annual report pursuant to Section 13 and 15(d)

Statements of Operations

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Statements of Operations (USD $)
12 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Revenues    
Product sales $ 66,558 $ 75,997
Royalty revenue    50,000
Total revenue 66,558 125,997
Cost of revenues 19,383 32,104
Gross profit 47,175 93,893
Expenses    
Sales and marketing 11,150 10,830
Compensation expense 1,160,878 136,000
Director fees 81,000   
Legal & professional fees 327,158 98,399
General and administrative 416,171 237,025
Total operating expenses 1,996,357 482,254
Net Gain (Loss) from operations (1,949,182) (388,361)
Other income (expense)    
Impairment/disposal recognized for fixed assets (79,503) (12,411)
Loss on conversion of debt    (95,000)
Gain on forgiveness of debt 370,619   
Interest expense (241,246) (171,663)
Other expense    (730,281)
Total other income (expense) 49,870 (1,009,355)
Net Income (Loss) $ (1,899,312) $ (1,397,716)
Basic Income (Loss) per share $ 0.01 $ 0.00
Weighted average shares outstanding 374,763,486 350,344,431