6. LICENSE AGREEMENT OBLIGATION |
12 Months Ended |
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Apr. 30, 2016 | |
| Debt Disclosure [Abstract] | |
| LICENSE AGREEMENT OBLIGATION |
The Company entered into a licensing agreement for a license to use the Cell-in-a-Box® technology to develop therapies involving Cannabis for a total amount of $2,000,000 Upfront Payment for the license (see Note 12). At April 30, 2016 and 2015, the Companys license agreement obligations were $150,000 and $1,000,000, respectively.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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