RELATED PARTY TRANSACTIONS (Details) (Narrative) (USD $)
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3 Months Ended | 12 Months Ended |
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Jul. 31, 2012
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Apr. 30, 2012
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Loan Outstanding Current | $ 202,769 | $ 185,862 |
Shareholder
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Loan Outstanding | 360,258 | 337,408 |
Interest | 6.00% | 6.00% |
Loan Duration | Due on demand | |
Director and Shareholder
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Loan Outstanding | 22,700 | 22,700 |
Interest | 8.00% | 8.00% |
Loan Duration | Due on Demand | |
Dr. Robert Ryan
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Loan Outstanding Current | $ 202,769 | $ 0 |
Interest | 8.00% |
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- Definition
Aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due after one year (or one business cycle). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of timing of required repayments, sinking fund requirements, and other redeemable securities at fixed or determinable prices and dates in the five years immediately following the date of the latest balance sheet presented in the financial statements, and the amount thereafter to fully repay the principal of long-term debt. These disclosures may be made either on an individual debt or security basis, by type of debt or security basis, or on a combined basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
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