12. INCOME TAXES (Details) (USD $)
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12 Months Ended | |
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Apr. 30, 2014
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Apr. 30, 2013
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Income Taxes Details | ||
NOL | $ (36,638,304) | $ (35,372,287) |
Net Loss | (27,254,020) | (1,598,102) |
Shares issued for services | 17,928,309 | 984,696 |
Shares issued for interest expense | 0 | 102,203 |
Amortization of Debt Discount | 0 | (5,695) |
Loss on conversion of debt | 3,993,295 | 39,000 |
Loss on conversion of preferred stock | 5,895,000 | 0 |
Gain on forgiveness of debt | (1,633,380) | (277,085) |
NOL | (37,709,100) | (36,638,304) |
Effective Rate | 34.00% | 34.00% |
Deferred Tax Asset | (12,821,094) | (12,457,023) |
Valuation Allowance | 12,821,094 | 12,457,023 |
Deferred Tax Asset | $ 0 | $ 0 |
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- Details
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- Definition
Loss on conversion of preferred stock No definition available.
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- Definition
Shares issued for interest expense No definition available.
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount by which stockholders' equity was increased by the transaction in which equity securities were issued to pay for goods or nonemployee services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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