Quarterly report pursuant to Section 13 or 15(d)

FIXED ASSETS

FIXED ASSETS

3 Months Ended

Jul. 31, 2012

Property, Plant and Equipment [Abstract]

NOTE 7 - FIXED ASSETS

Fixed assets consisted of the following:

	July 31, 2012			April 30, 2012
Computers	$	23,664		$	23,664
Furniture and fixtures		—			—
Lab equipment		—			—

Less: accumulated depreciation		(23,664	)		(23,664	)
	$	—		$	—

Depreciation expense for the three months ended July 31, 2012 and fiscal year ended April 30, 2012 was $0 and $24,659, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details