Quarterly report pursuant to Section 13 or 15(d)

6. STOCK OPTIONS AND WARRANTS (Tables)

v3.3.1.900
6. STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Oct. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Unvested employee stock option activity
      Options Outstanding     Weighted Average Grant Date Fair Value per Share  
Nonvested, April 30, 2015       6,600,000     $ 0.10  
Granted              
Vested       3,600,000       0.10  
Forfeited              
Nonvested, October 31, 2015       3,000,000     $ 0.10  
                     
Range of outstanding stock options
    Exercise Prices  
Exercise Price   $ 0.19     $ 0.11     $ 0.18  
Number of Options     25,000,000       27,200,000       250,000  
Weighted Average Remaining Contractual Life (years)     3.92       4.17       4.47  
Weighted Average Stock Price   $ 0.19     $ 0.11     $ 0.18  
Number of Options Exercisable     25,000,000       27,200,000       250,000  
Weighted Average Contractual Life (years)     5       5       5  
Weighted Average Exercise Price   $ 0.19     $ 0.11     $ 0.18  
Warrant activity
      Warrants     Weighted Average Price     Weighted Average Fair Value  
Outstanding, April 30, 2015       72,969,908     $     0.17     $     0.08  
Issued                    
Exercised                    
Outstanding, October 31, 2015       72,969,908       0.17       0.08  
Exercisable, October 31, 2015       72,969,908     $ 0.17     $ 0.08  
                             
Schedule of warrants outstanding by exercise range
Exercise Prices   Number of Warrant Shares Exercisable at 10/31/2015     Weighted Average Remaining Contractual Life     Exercisable Weighted Average Exercise Price  
                         
Five Year Term - $0.08     1,056,000       1.94          
Five Year Term - $0.12     18,347,508       2.25          
Five Year Term - $0.18     19,811,200       2.17          
Five Year Term - $0.25     18,755,200       2.18          
Five Year Term - $0.11     10,000,000       4.40          
Nine Month Term - $0.11     5,000,000       0.17          
Total     72,969,908       2.36     $ 0.17