Annual report pursuant to Section 13 and 15(d)

13. INCOME TAXES (Tables)

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13. INCOME TAXES (Tables)
12 Months Ended
Apr. 30, 2015
Income Tax Disclosure [Abstract]  
Schedule of deferred tax assets
  April 30,  
    2015     2014  
Deferred tax assets:                
Net operating loss carryforwards   $ 13,118,046     $ 21,328,813  
Forgiveness of debt           555,349  
Other     8,291        
Total deferred tax assets     13,126,337       21,884,162  
Deferred tax liabilities:                
Shares issued for services           5,701,048  
Conversion of preferred stock           2,004,300  
Conversion of debt           1,357,720  
Total deferred tax liabilities           9,063,068  
Net deferred tax assets     13,126,337       12,821,094  
Valuation allowance     (13,126,337 )     (12,821,094 )
    $     $  
Tax provision schedule
    Years ended April 30,  
    2015     2014     2013  
Federal benefit at statutory rate   $ (3,375,420 )   $ (8,871,790 )   $ (543,355 )
State income taxes, net of Federal taxes     (540,564 )     (1,420,791 )     (87,017 )
Permanent differences     1,433,758       644,287       109,296  
Provision related to change in valuation allowance     305,243       364,071       256,694  
Return to provision     2,339,028       9,063,069       348,057  
Other, net     (162,045 )     221,154       (83,675 )
    $     $     $