SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Apr. 30, 2015

Description		Balance at Beginning of Year		Additions Charged to Costs and Expenses		Charged to Other Accounts		Deductions		Balance at End of Year
Reserve Deducted in the Balance Sheets from the Asset to Which it Applies:
Allowance for Deferred Tax Assets
Year ended April 30, 2015	$	12,821,094	$	–	$	305,243	$	–	$	13,126,377
Year ended April 30, 2014	$	12,457,023	$	–	$	364,071	$	–	$	12,821,094
Year ended April 30, 2013	$	12,200,329	$	–	$	256,694	$	–	$	12,457,023