1A. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
12 Months Ended |
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Apr. 30, 2016 | |
| Notes to Financial Statements | |
| RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
The Company restated its consolidated financial statements as of and for the year ended April 30, 2015 on Form 10-K/A Amendment No. 3 filed on March 2, 2016 (10-K/A) to correct certain errors in accounting for warrants and common stock. The nature and impact of the restated consolidated financial statements are detailed and explained in the 10-K/A. The amounts as of and for the year ended April 30, 2015 in the accompanying consolidated financial statements reflect the restated numbers, as previously reported in the 10-K/A. |
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- References No definition available.
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- Definition Tabular disclosure of the nature and effects of a restatement to correct an error in the reported results of operations of prior periods. When prior period adjustments are recorded, the resulting effects (both gross and net of applicable income tax) on the net income of prior periods are disclosed in the annual report for the year in which the adjustments are made, and amended filings of previously issued reports are typically issued. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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