15. DERIVATIVE LIABILITY (Details - assumptions) - USD ($) |
12 Months Ended | ||
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Apr. 30, 2015 |
Apr. 30, 2014 |
Apr. 30, 2013 |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
Risk-free interest rate | 1.43% | 0.00% | 0.00% |
Expected dividend yield | 0.00% | 0.00% | 0.00% |
Expected lives | 5 years | ||
Expected volatility | 142.00% | 0.00% | 0.00% |
Number of warrants classified as liability | 3,487,271 | 0 | 0 |
Loss on warrant liability | $ 492,049 | $ 0 | $ 0 |
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- Definition Number of warrants classified as liability No definition available.
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- References No definition available.
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average expected volatility of stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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