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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 7/24/14 Cornerworld Corp 10-KT 12/31/13 74:6.3M Edgarbiz Inc/FA |
Document/Exhibit Description Pages Size
1: 10-KT Form 10-K Transition Report for 12-31-2013 HTML 598K
2: EX-21 Subsidiaries of Cornerworld Corporation HTML 22K
3: EX-31 Certification of Chief Executive Officer HTML 26K
4: EX-31 Certification of Chief Financial Officer HTML 26K
5: EX-32 Certification of Chief Executive Officer HTML 21K
6: EX-32 Certification of Chief Financial Officer HTML 21K
51: R1 Document and Entity Information HTML 49K
40: R2 Consolidated Balance Sheets HTML 112K
49: R3 Consolidated Balance Sheets (Parenthetical) HTML 45K
53: R4 Consolidated Statements of Operations HTML 106K
68: R5 Consolidated Statement of Stockholders' Equity HTML 54K
(Deficit)
42: R6 Consolidated Statements of Cash Flows HTML 123K
48: R7 Basis of Presentation HTML 31K
36: R8 Summary of Significant Accounting Policies HTML 43K
27: R9 Discontinued Operations HTML 51K
69: R10 Property and Equipment HTML 33K
55: R11 Debt HTML 47K
54: R12 Leases HTML 29K
59: R13 Equity HTML 50K
60: R14 Stock Based Compensation Plans HTML 64K
58: R15 Commitments and Contingencies HTML 32K
61: R16 Segment Reporting HTML 57K
50: R17 Related Party Transactions HTML 37K
52: R18 Income Taxes HTML 49K
57: R19 Transition Period Comparative Data HTML 70K
74: R20 Subsequent Events HTML 23K
64: R21 Summary of Significant Accounting Policies HTML 90K
(Policy)
44: R22 Summary of Significant Accounting Policies HTML 25K
(Tables)
56: R23 Discontinued Operations (Tables) HTML 48K
46: R24 Property and Equipment (Tables) HTML 31K
21: R25 Debt (Tables) HTML 50K
65: R26 Leases (Tables) HTML 25K
71: R27 Equity (Tables) HTML 44K
31: R28 Stock Based Compensation Plans (Tables) HTML 71K
30: R29 Segment Reporting (Tables) HTML 53K
34: R30 Income Taxes (Tables) HTML 51K
35: R31 Transition Period Comparative Data (Tables) HTML 70K
37: R32 Basis of Presentation (Details) HTML 22K
19: R33 Summary of Significant Accounting Policies HTML 39K
(Details)
62: R34 Discontinued Operations (Details) HTML 29K
43: R35 Discontinued Operations (Summary of Operating HTML 36K
Results of Our Discontinued Operations) (Details)
45: R36 Discontinued Operations (Summary of Assets and HTML 45K
Liabilities Held for Sale) (Details)
24: R37 Property and Equipment (Details) HTML 38K
73: R38 Debt (Schedule of Long-term Debt) (Details) HTML 41K
13: R39 Debt (Narrative) (Details) HTML 34K
38: R40 Debt (Schedule of Future Minimum Principal HTML 33K
Payments) (Details)
67: R41 Leases (Details) HTML 43K
23: R42 Equity (Prerferred and Common Stock Narrative) HTML 56K
(Details)
29: R43 Equity (Summary of Warrant Activity) (Details) HTML 47K
33: R44 Equity (Summary of Warrants Outstanding) (Details) HTML 32K
41: R45 Stock Based Compensation Plans (Narrative) HTML 52K
(Details)
18: R46 Stock Based Compensation Plans (Schedule of Shares HTML 28K
Reserved) (Details)
26: R47 Stock Based Compensation Plans (Schedule of HTML 32K
Assumptions) (Details)
15: R48 Stock Based Compensation Plans (Schedule of Stock HTML 77K
Plan Activity) (Details)
66: R49 Commitments and Contingencies (Details) HTML 56K
22: R50 Segment Reporting (Details) HTML 43K
63: R51 Related Party Transactions (Details) HTML 91K
25: R52 Income Taxes (Reconciliation of Effective Income HTML 32K
Tax Rate) (Details)
39: R53 Income Taxes (Summary of Income Tax Provision) HTML 39K
(Details)
14: R54 Income Taxes (Schedule of Deferred Tax Assets) HTML 46K
(Details)
17: R55 Income Taxes (Narrative) (Details) HTML 30K
32: R56 Transition Period Comparative Data (Consolidated HTML 79K
Balance Sheets) (Details)
20: R57 Transition Period Comparative Data (Consolidated HTML 84K
Statements of Operations) (Details)
70: R58 Subsequent Events (Details) HTML 25K
72: XML IDEA XML File -- Filing Summary XML 104K
16: EXCEL IDEA Workbook of Financial Reports XLSX 133K
28: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 770K
7: EX-101.INS XBRL Instance -- cwrl-20131231 XML 1.27M
9: EX-101.CAL XBRL Calculations -- cwrl-20131231_cal XML 186K
10: EX-101.DEF XBRL Definitions -- cwrl-20131231_def XML 402K
11: EX-101.LAB XBRL Labels -- cwrl-20131231_lab XML 1.94M
12: EX-101.PRE XBRL Presentations -- cwrl-20131231_pre XML 891K
8: EX-101.SCH XBRL Schema -- cwrl-20131231 XSD 174K
47: ZIP XBRL Zipped Folder -- 0001161697-14-000367-xbrl Zip 153K
| <?xml version="1.0" standalone="no" encoding="windows-1252"?> | |||||||||||||||||||||
| <!-- Created by XBRLedger --> | |||||||||||||||||||||
| <!-- produced on 2014-07-24 @ 11:11 AM --> | |||||||||||||||||||||
| <xbrl xmlns:cwrl="http://www.cornerworld.com/20131231" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dei="http://xbrl.sec.gov/dei/2014-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2014-01-31" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns="http://www.xbrl.org/2003/instance"> | |||||||||||||||||||||
| <link:schemaRef xlink:type="simple" xlink:href="cwrl-20131231.xsd"/> | |||||||||||||||||||||
| <cwrl:AnnualBaseSalary id="AnnualBaseSalary.129.1044.5277.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1044.5277.0.0.0.0" unitRef="USD" decimals="0"> 18000 </cwrl:AnnualBaseSalary> | |||||||||||||||||||||
| <cwrl:AnnualBaseSalary id="AnnualBaseSalary.129.1042.5277.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1042.5277.0.0.0.0" unitRef="USD" decimals="0"> 165000 </cwrl:AnnualBaseSalary> | |||||||||||||||||||||
| <cwrl:ApproximateNumberOfCallsProcessed id="ApproximateNumberOfCallsProcessed.254.0.0.0.0.0.0" contextRef="as-of-2013-09-30.254.0.0.0.0.0.0.0" unitRef="pure" decimals="-5"> 10200000 </cwrl:ApproximateNumberOfCallsProcessed> | |||||||||||||||||||||
| <cwrl:ClassOfWarrantOrRightAggregateMinimumCashValueWarrantIssued id="ClassOfWarrantOrRightAggregateMinimumCashValueWarrantIssued.254.22054.1385.0.0.0.0" contextRef="as-of-2013-09-30.254.0.22054.1385.0.0.0.0" unitRef="USD" decimals="0"> 1000000 </cwrl:ClassOfWarrantOrRightAggregateMinimumCashValueWarrantIssued> | |||||||||||||||||||||
| <cwrl:DeferredTaxAssetMergerAndAcquisitionFees id="DeferredTaxAssetMergerAndAcquisitionFees.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:DeferredTaxAssetMergerAndAcquisitionFees id="DeferredTaxAssetMergerAndAcquisitionFees.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 465076 </cwrl:DeferredTaxAssetMergerAndAcquisitionFees> | |||||||||||||||||||||
| <cwrl:DisposalGroupIncludingDiscontinuedOperationLongTermDebtNetofDiscounts id="DisposalGroupIncludingDiscontinuedOperationLongTermDebtNetofDiscounts.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:DisposalGroupIncludingDiscontinuedOperationLongTermDebtNetofDiscounts id="DisposalGroupIncludingDiscontinuedOperationLongTermDebtNetofDiscounts.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 6647645 </cwrl:DisposalGroupIncludingDiscontinuedOperationLongTermDebtNetofDiscounts> | |||||||||||||||||||||
| <cwrl:DisposalGroupIncludingDiscontinuedOperationPatentsAndGoodwill id="DisposalGroupIncludingDiscontinuedOperationPatentsAndGoodwill.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:DisposalGroupIncludingDiscontinuedOperationPatentsAndGoodwill id="DisposalGroupIncludingDiscontinuedOperationPatentsAndGoodwill.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 5995692 </cwrl:DisposalGroupIncludingDiscontinuedOperationPatentsAndGoodwill> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementAcquisitionFeePercentage id="EmploymentAgreementAcquisitionFeePercentage.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="3"> 0.035 </cwrl:EmploymentAgreementAcquisitionFeePercentage> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBonusFeeOfEquityAndDebtRaisedPercentage id="EmploymentAgreementBonusFeeOfEquityAndDebtRaisedPercentage.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.02 </cwrl:EmploymentAgreementBonusFeeOfEquityAndDebtRaisedPercentage> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBonusPercentage id="EmploymentAgreementBonusPercentage.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.25 </cwrl:EmploymentAgreementBonusPercentage> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBonusPercentageDiscretionOfTheChiefExecutiveOfficer id="EmploymentAgreementBonusPercentageDiscretionOfTheChiefExecutiveOfficer.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.33 </cwrl:EmploymentAgreementBonusPercentageDiscretionOfTheChiefExecutiveOfficer> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyCompletesItsPublicFilingsInATimelyManner id="EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyCompletesItsPublicFilingsInATimelyManner.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.33 </cwrl:EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyCompletesItsPublicFilingsInATimelyManner> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyMeetsCertainEarnings id="EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyMeetsCertainEarnings.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.33 </cwrl:EmploymentAgreementBonusPercentagePayableToTheExtentTheCompanyMeetsCertainEarnings> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementBuyoutFee id="EmploymentAgreementBuyoutFee.129.1044.5277.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1044.5277.0.0.0.0" unitRef="USD" decimals="-6"> 5000000 </cwrl:EmploymentAgreementBuyoutFee> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementEarningsThreshold id="EmploymentAgreementEarningsThreshold.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0" unitRef="USD" decimals="-5"> 1500000 </cwrl:EmploymentAgreementEarningsThreshold> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementExpirationDate id="EmploymentAgreementExpirationDate.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0"> 2021-07-27 </cwrl:EmploymentAgreementExpirationDate> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementExpirationDate id="EmploymentAgreementExpirationDate.126.1042.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1042.5277.0.0.0.0"> 2014-07-31 </cwrl:EmploymentAgreementExpirationDate> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementPatentInfringementLitigationPercentage id="EmploymentAgreementPatentInfringementLitigationPercentage.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="1"> 0.1 </cwrl:EmploymentAgreementPatentInfringementLitigationPercentage> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementPercentageOfAcquisitionFeesIssuedAsWarrants id="EmploymentAgreementPercentageOfAcquisitionFeesIssuedAsWarrants.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="4"> 0.0325 </cwrl:EmploymentAgreementPercentageOfAcquisitionFeesIssuedAsWarrants> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementPercentageOfEquityAndDebtRaisedIssuedAsWarrants id="EmploymentAgreementPercentageOfEquityAndDebtRaisedIssuedAsWarrants.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="4"> 0.0325 </cwrl:EmploymentAgreementPercentageOfEquityAndDebtRaisedIssuedAsWarrants> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementPercentageOfMarketValueReceived id="EmploymentAgreementPercentageOfMarketValueReceived.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0" unitRef="pure" decimals="2"> 0.05 </cwrl:EmploymentAgreementPercentageOfMarketValueReceived> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementTerm id="EmploymentAgreementTerm.126.1044.5277.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.5277.0.0.0.0"> P10Y </cwrl:EmploymentAgreementTerm> | |||||||||||||||||||||
| <cwrl:EmploymentAgreementWrongfulTerminationFee id="EmploymentAgreementWrongfulTerminationFee.129.1044.5277.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1044.5277.0.0.0.0" unitRef="USD" decimals="-6"> 5000000 </cwrl:EmploymentAgreementWrongfulTerminationFee> | |||||||||||||||||||||
| <cwrl:IssuanceOfStockForNoncashConsiderationPolicyTextBlock id="IssuanceOfStockForNoncashConsiderationPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>Issuance of Stock for Non-Cash Consideration</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">All issuances of the Company's stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received, whichever is more readily determinable.</p> <!--EndFragment--></div> </div> </cwrl:IssuanceOfStockForNoncashConsiderationPolicyTextBlock> | |||||||||||||||||||||
| <cwrl:LeaseMonthlyPayment id="LeaseMonthlyPayment.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 892 </cwrl:LeaseMonthlyPayment> | |||||||||||||||||||||
| <cwrl:OperatingLeasesDepositAmount id="OperatingLeasesDepositAmount.129.527.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 20000 </cwrl:OperatingLeasesDepositAmount> | |||||||||||||||||||||
| <cwrl:ProceedFromContingentRecievableRelatedToSale id="ProceedFromContingentRecievableRelatedToSale.264.0.0.0.0.0.0" contextRef="from-2013-09-01-to-2013-09-30.264.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 800000 </cwrl:ProceedFromContingentRecievableRelatedToSale> | |||||||||||||||||||||
| <cwrl:PropertyAndEquipmentTableTextBlock id="PropertyAndEquipmentTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Property and equipment is summarized as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="290"> </td> <td width="19"> </td> <td width="9"> </td> <td width="108"> </td> <td width="19"> </td> <td width="9"> </td> <td width="110"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="120" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Computer equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">236,583</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">242,446</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">86,499</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">85,727</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Software</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">79,061</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">81,813</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Leasehold improvements</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">9,977</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">15,077</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">412,120</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">425,063</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Less: accumulated depreciation and amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">(392,634</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">(371,512</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Property and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">19,486</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">53,551</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </cwrl:PropertyAndEquipmentTableTextBlock> | |||||||||||||||||||||
| <cwrl:SaleofMembershipInterests id="SaleofMembershipInterests.264.0.0.0.0.0.0" contextRef="from-2013-09-01-to-2013-09-30.264.0.0.0.0.0.0.0" unitRef="pure" decimals="0"> 1 </cwrl:SaleofMembershipInterests> | |||||||||||||||||||||
| <cwrl:SalesRevenueServicesOtherMonthlyAmount id="SalesRevenueServicesOtherMonthlyAmount.129.2595.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.2595.4511.0.0.0.0" unitRef="USD" decimals="0"> 5000 </cwrl:SalesRevenueServicesOtherMonthlyAmount> | |||||||||||||||||||||
| <cwrl:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsBalanceSheetTableTextBlock id="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsBalanceSheetTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following is a summary of assets and liabilities held for sale as of December 31, 2013 and April 30, 2013:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="291"> </td> <td width="18"> </td> <td width="9"> </td> <td width="108"> </td> <td width="19"> </td> <td width="9"> </td> <td width="109"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: center"><strong>April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Current assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">529,328</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Property, plant and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">11,349</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Patent and goodwill, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">5,995,692</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Assets of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">6,536,369</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Accounts payable and accrued expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">388,506</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Long term debt, net of discounts</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">6,647,645</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Deferred revenue</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">266,810</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Other liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">873,861</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">8,176,822</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </cwrl:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsBalanceSheetTableTextBlock> | |||||||||||||||||||||
| <cwrl:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementTableTextBlock id="ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The following is a summary of the operating results of our discontinued operations:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="286"> </td> <td width="15"> </td> <td width="10"> </td> <td width="112"> </td> <td width="18"> </td> <td width="10"> </td> <td width="112"> </td> <td width="18"> </td> <td width="10"> </td> <td width="112"> </td> <td width="11"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Eight-month<br /> Period Ended<br /> December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended<br /> April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended<br /> April 30, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Sales, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">2,014,095</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">5,256,108</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">5,602,889</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Income from discontinued operations before income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">1,401,050</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">640,197</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Net income from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">1,401,050</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">640,197</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </cwrl:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementTableTextBlock> | |||||||||||||||||||||
| <cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit id="ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit.126.21545.21514.5496.1048.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21545.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit> | |||||||||||||||||||||
| <cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit id="ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit.126.21546.21514.5496.1048.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21546.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 0.20 </cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeLowerRangeLimit> | |||||||||||||||||||||
| <cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit id="ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit.126.21545.21514.5496.1048.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21545.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 0.20 </cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit> | |||||||||||||||||||||
| <cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit id="ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit.126.21546.21514.5496.1048.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21546.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 1.40 </cwrl:ScheduleOfShareBasedCompensationEquityInstrumentsOtherThanOptionsExercisePriceRangeUpperRangeLimit> | |||||||||||||||||||||
| <cwrl:ScheduleOfTransitionPeriodComparativeDataTableTextBlock id="ScheduleOfTransitionPeriodComparativeDataTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following tables present certain financial information as of and for the eight-month periods ended December 31, 2013 and 2012:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="295"> </td> <td width="13"> </td> <td width="9"> </td> <td width="86"> </td> <td width="13"> </td> <td width="9"> </td> <td width="86"> </td> <td width="13"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="205" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Assets</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: center">(unaudited)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Cash</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">857,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,415,260</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Accounts receivable, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">119,904</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">305,428</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Prepaid expenses and other current assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">152,317</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">99,305</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -23px">Assets of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">7,155,582</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px">Property and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">19,486</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">83,582</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px">Goodwill</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">554,986</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px">Other assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">28,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">28,028</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>TOTAL ASSETS</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,642,171</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Liabilities and Stockholders' Equity Deficit</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Accounts payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">225,064</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,057,439</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Accrued expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">347,967</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">696,137</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Notes payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">16,316</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Notes payable, related parties</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">321,643</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Lease payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">13,087</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">23,163</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Deferred revenue</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">70,322</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">73,424</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -11px">Liabilities of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">8,824,480</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 34px; TEXT-INDENT: -11px">Total liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">995,398</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">11,012,602</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 34px; TEXT-INDENT: -34px"> Stockholders' equity (deficit):</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">182,263</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(1,370,431</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Total liabilities and stockholders' equity (deficit)</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,642,171</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="342"> </td> <td width="18"> </td> <td width="10"> </td> <td width="107"> </td> <td width="13"> </td> <td width="9"> </td> <td width="107"> </td> <td width="23"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="247" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>Eight-month Period Ended December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN-BOTTOM: 0px; TEXT-ALIGN: center; MARGIN-TOP: 0px"> (unaudited)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Sales, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">673,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">1,508,517</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Costs of goods sold</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">271,356</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">541,808</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Gross profit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">402,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">966,709</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Operating expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">860,143</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,142,644</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Operating loss</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(457,545</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">) </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(1,175,935</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">) </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Other income (expense), net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(285,332</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(143,021</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Loss from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(742,877</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(1,318,956</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 18px; TEXT-INDENT: -18px">Income from discontinued operations, net of tax</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">1,058,424</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Gain from disposal of discontinued operations, net of tax</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,788,543</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Net income (loss)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,584,234</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(260,532</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings (loss) per share from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(0.01</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings per share from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.01</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings (loss) per share</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings (loss) per share from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(0.01</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings per share from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.01</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings (loss) per share</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic weighted average number shares outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">157,070,847</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">150,802,973</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted weighted average number shares outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">163,204,253</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">150,802,973</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </cwrl:ScheduleOfTransitionPeriodComparativeDataTableTextBlock> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualVestingRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualVestingRate.129.21518.4024.3370.4349.0.0" contextRef="as-of-2013-12-31.129.0.21518.4024.3370.4349.0.0" unitRef="pure" decimals="1"> 0.2 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualVestingRate> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationTerm id="ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationTerm.126.21518.4024.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21518.4024.0.0.0.0"> P10Y </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationTerm> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice.128.5496.1048.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.5496.1048.0.0.0.0" unitRef="shares" decimals="2"> 0.20 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice.126.5496.1048.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.09 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice.127.5496.1048.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 1.46 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirationsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice.126.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice.127.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantsInPeriodWeightedAverageExercisePrice.128.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.129.5496.1048.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.07 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.130.5496.1048.0.0.0.0" contextRef="as-of-2013-04-30.130.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.08 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.131.5496.1048.0.0.0.0" contextRef="as-of-2012-04-30.131.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.11 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.132.5496.1048.0.0.0.0" contextRef="as-of-2011-04-30.132.0.5496.1048.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.11 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.129.21545.21514.5496.1048.0.0" contextRef="as-of-2013-12-31.129.0.21545.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice.129.21546.21514.5496.1048.0.0" contextRef="as-of-2013-12-31.129.0.21546.21514.5496.1048.0.0" unitRef="USD_per_share" decimals="2"> 0.21 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardSubsequentAnnualVestingRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardSubsequentAnnualVestingRate.126.21518.4024.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21518.4024.0.0.0.0" unitRef="pure" decimals="2"> 0.25 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardSubsequentAnnualVestingRate> | |||||||||||||||||||||
| <cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRateFirstSixMonths id="ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRateFirstSixMonths.126.21518.4024.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21518.4024.0.0.0.0" unitRef="pure" decimals="2"> 0.25 </cwrl:ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingRateFirstSixMonths> | |||||||||||||||||||||
| <cwrl:TransitionPeriodComparativeDataTextBlock id="TransitionPeriodComparativeDataTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>13. Transition Period Comparative Data</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following tables present certain financial information as of and for the eight-month periods ended December 31, 2013 and 2012:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="295"> </td> <td width="13"> </td> <td width="9"> </td> <td width="86"> </td> <td width="13"> </td> <td width="9"> </td> <td width="86"> </td> <td width="13"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="205" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="96" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Assets</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: center">(unaudited)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Cash</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">857,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,415,260</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Accounts receivable, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">119,904</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">305,428</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -23px">Prepaid expenses and other current assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">152,317</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">99,305</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -23px">Assets of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">7,155,582</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px">Property and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">19,486</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">83,582</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px">Goodwill</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">554,986</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px">Other assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">28,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">28,028</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>TOTAL ASSETS</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,642,171</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Liabilities and Stockholders' Equity Deficit</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Accounts payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">225,064</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,057,439</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Accrued expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">347,967</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">696,137</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Notes payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">16,316</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Notes payable, related parties</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">321,643</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Lease payable</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">13,087</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">23,163</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 23px; TEXT-INDENT: -11px">Deferred revenue</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">70,322</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">73,424</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 24px; TEXT-INDENT: -11px">Liabilities of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">8,824,480</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 34px; TEXT-INDENT: -11px">Total liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">995,398</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 9px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px"> </p> </td> <td style="WIDTH: 86px; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: black 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">11,012,602</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="295"> <p style="MARGIN: 0px 0px 0px 34px; TEXT-INDENT: -34px"> Stockholders' equity (deficit):</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">182,263</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(1,370,431</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="295"> <p style="MARGIN: 0px"><strong>Total liabilities and stockholders' equity (deficit)</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,642,171</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="342"> </td> <td width="18"> </td> <td width="10"> </td> <td width="107"> </td> <td width="13"> </td> <td width="9"> </td> <td width="107"> </td> <td width="23"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="247" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>Eight-month Period Ended December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN-BOTTOM: 0px; TEXT-ALIGN: center; MARGIN-TOP: 0px"> (unaudited)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Sales, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">673,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">1,508,517</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Costs of goods sold</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">271,356</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">541,808</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Gross profit</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">402,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">966,709</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Operating expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">860,143</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,142,644</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Operating loss</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(457,545</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">) </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(1,175,935</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">) </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px">Other income (expense), net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(285,332</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(143,021</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Loss from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(742,877</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(1,318,956</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 18px; TEXT-INDENT: -18px">Income from discontinued operations, net of tax</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">1,058,424</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Gain from disposal of discontinued operations, net of tax</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,788,543</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px">Net income (loss)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">2,584,234</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(260,532</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings (loss) per share from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(0.01</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings per share from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.01</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic earnings (loss) per share</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings (loss) per share from continuing operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">(0.01</p> </td> <td style="BORDER-BOTTOM: #ffffff 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings per share from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.01</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted earnings (loss) per share</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.02</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Basic weighted average number shares outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">157,070,847</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">150,802,973</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="342"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Diluted weighted average number shares outstanding</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">163,204,253</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="107"> <p style="MARGIN: 0px; text-align: right">150,802,973</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="23"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </cwrl:TransitionPeriodComparativeDataTextBlock> | |||||||||||||||||||||
| <dei:AmendmentFlag id="AmendmentFlag.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> false </dei:AmendmentFlag> | |||||||||||||||||||||
| <dei:CurrentFiscalYearEndDate id="CurrentFiscalYearEndDate.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> --12-31 </dei:CurrentFiscalYearEndDate> | |||||||||||||||||||||
| <dei:DocumentFiscalPeriodFocus id="DocumentFiscalPeriodFocus.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> FY </dei:DocumentFiscalPeriodFocus> | |||||||||||||||||||||
| <dei:DocumentFiscalYearFocus id="DocumentFiscalYearFocus.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> 2013 </dei:DocumentFiscalYearFocus> | |||||||||||||||||||||
| <dei:DocumentPeriodEndDate id="DocumentPeriodEndDate.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> 2013-12-31 </dei:DocumentPeriodEndDate> | |||||||||||||||||||||
| <dei:DocumentType id="DocumentType.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> 10-K </dei:DocumentType> | |||||||||||||||||||||
| <dei:EntityCentralIndexKey id="EntityCentralIndexKey.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> 0001338242 </dei:EntityCentralIndexKey> | |||||||||||||||||||||
| <dei:EntityCommonStockSharesOutstanding id="EntityCommonStockSharesOutstanding.253.0.0.0.0.0.0" contextRef="as-of-2013-06-30.253.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 157313704 </dei:EntityCommonStockSharesOutstanding> | |||||||||||||||||||||
| <dei:EntityCurrentReportingStatus id="EntityCurrentReportingStatus.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> Yes </dei:EntityCurrentReportingStatus> | |||||||||||||||||||||
| <dei:EntityFilerCategory id="EntityFilerCategory.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> Smaller Reporting Company </dei:EntityFilerCategory> | |||||||||||||||||||||
| <dei:EntityPublicFloat id="EntityPublicFloat.253.0.0.0.0.0.0" contextRef="as-of-2013-06-30.253.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3146274 </dei:EntityPublicFloat> | |||||||||||||||||||||
| <dei:EntityRegistrantName id="EntityRegistrantName.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> Cornerworld Corp </dei:EntityRegistrantName> | |||||||||||||||||||||
| <dei:EntityVoluntaryFilers id="EntityVoluntaryFilers.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> No </dei:EntityVoluntaryFilers> | |||||||||||||||||||||
| <dei:EntityWellKnownSeasonedIssuer id="EntityWellKnownSeasonedIssuer.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> No </dei:EntityWellKnownSeasonedIssuer> | |||||||||||||||||||||
| <us-gaap:AccountsPayableCurrent id="AccountsPayableCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 225064 </us-gaap:AccountsPayableCurrent> | |||||||||||||||||||||
| <us-gaap:AccountsPayableCurrent id="AccountsPayableCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 949732 </us-gaap:AccountsPayableCurrent> | |||||||||||||||||||||
| <us-gaap:AccountsPayableCurrentAndNoncurrent id="AccountsPayableCurrentAndNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 225064 </us-gaap:AccountsPayableCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:AccountsPayableCurrentAndNoncurrent id="AccountsPayableCurrentAndNoncurrent.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1057439 </us-gaap:AccountsPayableCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:AccountsReceivableNet id="AccountsReceivableNet.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 119904 </us-gaap:AccountsReceivableNet> | |||||||||||||||||||||
| <us-gaap:AccountsReceivableNet id="AccountsReceivableNet.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 305428 </us-gaap:AccountsReceivableNet> | |||||||||||||||||||||
| <us-gaap:AccountsReceivableNetCurrent id="AccountsReceivableNetCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 119904 </us-gaap:AccountsReceivableNetCurrent> | |||||||||||||||||||||
| <us-gaap:AccountsReceivableNetCurrent id="AccountsReceivableNetCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 117440 </us-gaap:AccountsReceivableNetCurrent> | |||||||||||||||||||||
| <us-gaap:AccruedLiabilitiesCurrent id="AccruedLiabilitiesCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 347967 </us-gaap:AccruedLiabilitiesCurrent> | |||||||||||||||||||||
| <us-gaap:AccruedLiabilitiesCurrent id="AccruedLiabilitiesCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 829422 </us-gaap:AccruedLiabilitiesCurrent> | |||||||||||||||||||||
| <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent id="AccruedLiabilitiesCurrentAndNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 347967 </us-gaap:AccruedLiabilitiesCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:AccruedLiabilitiesCurrentAndNoncurrent id="AccruedLiabilitiesCurrentAndNoncurrent.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 696137 </us-gaap:AccruedLiabilitiesCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 392634 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment> | |||||||||||||||||||||
| <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment id="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 371512 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment> | |||||||||||||||||||||
| <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease id="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 33755 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease id="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 71608 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease id="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 222687 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:AdditionalPaidInCapital id="AdditionalPaidInCapital.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 11801224 </us-gaap:AdditionalPaidInCapital> | |||||||||||||||||||||
| <us-gaap:AdditionalPaidInCapital id="AdditionalPaidInCapital.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 11783945 </us-gaap:AdditionalPaidInCapital> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.126.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.127.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.128.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.126.4619.5114.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.4619.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.127.4619.5114.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.4619.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.128.4619.5114.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.4619.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.126.499.5114.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 16779 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.127.499.5114.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 164071 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.128.499.5114.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 158514 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 16779 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 164071 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue id="AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 158514 </us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue> | |||||||||||||||||||||
| <us-gaap:AllowanceForDoubtfulAccountsReceivable id="AllowanceForDoubtfulAccountsReceivable.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 44574 </us-gaap:AllowanceForDoubtfulAccountsReceivable> | |||||||||||||||||||||
| <us-gaap:AllowanceForDoubtfulAccountsReceivable id="AllowanceForDoubtfulAccountsReceivable.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 61349 </us-gaap:AllowanceForDoubtfulAccountsReceivable> | |||||||||||||||||||||
| <us-gaap:AmortizationOfDebtDiscountPremium id="AmortizationOfDebtDiscountPremium.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7045 </us-gaap:AmortizationOfDebtDiscountPremium> | |||||||||||||||||||||
| <us-gaap:AmortizationOfDebtDiscountPremium id="AmortizationOfDebtDiscountPremium.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 501987 </us-gaap:AmortizationOfDebtDiscountPremium> | |||||||||||||||||||||
| <us-gaap:AmortizationOfDebtDiscountPremium id="AmortizationOfDebtDiscountPremium.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 841101 </us-gaap:AmortizationOfDebtDiscountPremium> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1177661 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7966033 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 10384652 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 9642171 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.129.21523.5116.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 172617 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.130.21523.5116.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 179722 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.131.21523.5116.0.0.0.0" contextRef="as-of-2012-04-30.131.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 491889 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.129.21495.5116.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 133978 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.130.21495.5116.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 7709598 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.131.21495.5116.0.0.0.0" contextRef="as-of-2012-04-30.131.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 9129572 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.129.1261.5116.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 871066 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.130.1261.5116.0.0.0.0" contextRef="as-of-2013-04-30.130.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 76713 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:Assets id="Assets.131.1261.5116.0.0.0.0" contextRef="as-of-2012-04-30.131.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 763191 </us-gaap:Assets> | |||||||||||||||||||||
| <us-gaap:AssetsCurrent id="AssetsCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1130175 </us-gaap:AssetsCurrent> | |||||||||||||||||||||
| <us-gaap:AssetsCurrent id="AssetsCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7884450 </us-gaap:AssetsCurrent> | |||||||||||||||||||||
| <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation id="AssetsOfDisposalGroupIncludingDiscontinuedOperation.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation id="AssetsOfDisposalGroupIncludingDiscontinuedOperation.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 6536369 </us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation> | |||||||||||||||||||||
| <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation id="AssetsOfDisposalGroupIncludingDiscontinuedOperation.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7155582 </us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation> | |||||||||||||||||||||
| <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent id="AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 6536369 </us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligations id="CapitalLeaseObligations.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 13087 </us-gaap:CapitalLeaseObligations> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligations id="CapitalLeaseObligations.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 23163 </us-gaap:CapitalLeaseObligations> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsCurrent id="CapitalLeaseObligationsCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 10704 </us-gaap:CapitalLeaseObligationsCurrent> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsCurrent id="CapitalLeaseObligationsCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 10704 </us-gaap:CapitalLeaseObligationsCurrent> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsIncurred id="CapitalLeaseObligationsIncurred.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsIncurred id="CapitalLeaseObligationsIncurred.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsIncurred id="CapitalLeaseObligationsIncurred.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 32128 </us-gaap:CapitalLeaseObligationsIncurred> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsNoncurrent id="CapitalLeaseObligationsNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2383 </us-gaap:CapitalLeaseObligationsNoncurrent> | |||||||||||||||||||||
| <us-gaap:CapitalLeaseObligationsNoncurrent id="CapitalLeaseObligationsNoncurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 9139 </us-gaap:CapitalLeaseObligationsNoncurrent> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsAtCarryingValue id="CashAndCashEquivalentsAtCarryingValue.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 857954 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsAtCarryingValue id="CashAndCashEquivalentsAtCarryingValue.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1150880 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsAtCarryingValue id="CashAndCashEquivalentsAtCarryingValue.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 890415 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsAtCarryingValue id="CashAndCashEquivalentsAtCarryingValue.132.0.0.0.0.0.0" contextRef="as-of-2011-04-30.132.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 934250 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsAtCarryingValue id="CashAndCashEquivalentsAtCarryingValue.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1415260 </us-gaap:CashAndCashEquivalentsAtCarryingValue> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease id="CashAndCashEquivalentsPeriodIncreaseDecrease.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -292926 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease id="CashAndCashEquivalentsPeriodIncreaseDecrease.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 260465 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease id="CashAndCashEquivalentsPeriodIncreaseDecrease.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -43835 </us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease> | |||||||||||||||||||||
| <us-gaap:CashAndCashEquivalentsPolicyTextBlock id="CashAndCashEquivalentsPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Cash and Cash Equivalents</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company considers all highly liquid debt instruments with an original maturity of three (3) months or less to be cash equivalents.</p> <!--EndFragment--></div> </div> </us-gaap:CashAndCashEquivalentsPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:CashFDICInsuredAmount id="CashFDICInsuredAmount.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 250000 </us-gaap:CashFDICInsuredAmount> | |||||||||||||||||||||
| <us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations id="CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1949521 </us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations> | |||||||||||||||||||||
| <us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations id="CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1537215 </us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations> | |||||||||||||||||||||
| <us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations id="CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2353225 </us-gaap:CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations> | |||||||||||||||||||||
| <us-gaap:CashUninsuredAmount id="CashUninsuredAmount.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 476000 </us-gaap:CashUninsuredAmount> | |||||||||||||||||||||
| <us-gaap:CashUninsuredAmount id="CashUninsuredAmount.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 853432 </us-gaap:CashUninsuredAmount> | |||||||||||||||||||||
| <us-gaap:ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable id="ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable.264.22054.1385.0.0.0.0" contextRef="from-2013-09-01-to-2013-09-30.264.0.22054.1385.0.0.0.0"> 2014-03-30 </us-gaap:ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable> | |||||||||||||||||||||
| <us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 id="ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1.254.22054.1385.0.0.0.0" contextRef="as-of-2013-09-30.254.0.22054.1385.0.0.0.0" unitRef="USD_per_share" decimals="0"> 100 </us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1> | |||||||||||||||||||||
| <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights id="ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights.254.22054.1385.0.0.0.0" contextRef="as-of-2013-09-30.254.0.22054.1385.0.0.0.0" unitRef="shares" decimals="0"> 8762008 </us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights> | |||||||||||||||||||||
| <us-gaap:CommitmentsAndContingencies id="CommitmentsAndContingencies.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:CommitmentsAndContingencies id="CommitmentsAndContingencies.130.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="CommitmentsAndContingenciesDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>9. Commitments and Contingencies</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"> <strong>Litigation</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On October 10, 2013, the Company's former President, Marc A. Pickren ("Pickren") filed a lawsuit in Dallas County District court alleging, among other things, that the Company had wrongfully terminated his employment; Pickren's suit seeks claims approximating $265,000 which represent one year's severance and costs to provide health insurance. As noted in the Company's form 8-K filed on October 4, 2013, Pickren's employment agreement expired on September 15, 2013 and was not renewed. Pickren was removed as President of CornerWorld on October 4, 2013 though he remained employed as the President of Enversa until October 8, 2013 when he was terminated for abandoning his position. As of the date of this filing, the Company has unsuccessfully attempted to mediate the dispute with Pickren and has countersued Pickren for breach of his employment contract. On March 18, 2014 the Appeals Tribunal of the Texas Workforce Commission ruled that Pickren had abandoned his job, a ruling affirmed when Pickren's appeal was denied on May 13, 2014. The Company has filed a motion for summary judgment to dismiss the lawsuit and, should it not prevail, the Company intends to vigorously defend itself against Pickren's claims.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">From time to time, the Company is involved in litigation matters relating to claims arising from the ordinary course of business. While the results of such claims and legal actions cannot be predicted with certainty, the Company's management does not believe that there are claims or actions, pending or threatened against the Company, the ultimate disposition of which would have a material adverse effect on our business, results of operations, financial condition or cash flows.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>Employment Agreements</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On July 28, 2011, the Company entered into an employment agreement with Mr. Beck, its Chairman and Chief Executive Officer. Mr. Beck's employment agreement has been modified multiple times, most recently as of November 1, 2013. Pursuant to his employment agreement, Mr. Beck is paid an annual base salary of $18,000 and an annual performance-based cash bonus subject to the discretion of the Board of Directors, a bonus fee of 2% of all equity and debt raised during the time of his contract payable out of proceeds at closing of such equity and/or debt capital transaction, a 3.50% fee for the transaction value of all acquisitions as defined in his employment agreement payable at closing, warrants equal to 3.25% of the equity issued pursuant to any debt and equity raised during the time of his employment agreement, a warrant equal to 3.25% of the transaction value of any equity issued in association with all acquisitions and the greater of 5% of fair market value or $5.0 million buyout fee in the case of a change in control. Mr. Beck's employment agreement also provides that, if he is terminated without cause prior to the end of the employment agreement, he will be paid the full amount of his base salary for any days remaining in the full ten year term, the Company will purchase all equity instruments held by Mr. Beck and the Company will pay Mr. Beck $5.0 million within six months of his termination. Finally, Mr. Beck will receive 10% of amounts payable to the Company as a result of any patent infringement litigation. Mr. Beck's employment agreement continues through July 27, 2021.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 38px">Mr. McCrea is employed subject to his employment agreement which became effective August 1, 2010. Pursuant to his employment agreement, Mr. McCrea is paid an annual base salary of $165,000 and a cash bonus equivalent up to 25% of his base salary. With respect to Mr. McCrea's bonus, 33% is at the discretion of the Chief Executive Officer, 33% is payable to the extent the Company's EBITDA exceeds $1.5 million and 33% if the Company completes its public filings in a timely manner. Mr. McCrea is also to be paid a severance equal to six months of his base salary should he be terminated without cause. On July 27, 2012, the Company and Mr. McCrea amended Mr. McCrea's employment agreement such that Mr. McCrea's agreement continues through July 31, 2014. All other terms remain unchanged.</p> <!--EndFragment--></div> </div> </us-gaap:CommitmentsAndContingenciesDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:CommonStockCapitalSharesReservedForFutureIssuance id="CommonStockCapitalSharesReservedForFutureIssuance.129.5132.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5132.4024.0.0.0.0" unitRef="shares" decimals="0"> 4000000 </us-gaap:CommonStockCapitalSharesReservedForFutureIssuance> | |||||||||||||||||||||
| <us-gaap:CommonStockCapitalSharesReservedForFutureIssuance id="CommonStockCapitalSharesReservedForFutureIssuance.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 8000000 </us-gaap:CommonStockCapitalSharesReservedForFutureIssuance> | |||||||||||||||||||||
| <us-gaap:CommonStockCapitalSharesReservedForFutureIssuance id="CommonStockCapitalSharesReservedForFutureIssuance.129.21518.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21518.4024.0.0.0.0" unitRef="shares" decimals="0"> 4000000 </us-gaap:CommonStockCapitalSharesReservedForFutureIssuance> | |||||||||||||||||||||
| <us-gaap:CommonStockParOrStatedValuePerShare id="CommonStockParOrStatedValuePerShare.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="3"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare> | |||||||||||||||||||||
| <us-gaap:CommonStockParOrStatedValuePerShare id="CommonStockParOrStatedValuePerShare.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="3"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesAuthorized id="CommonStockSharesAuthorized.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 250000000 </us-gaap:CommonStockSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesAuthorized id="CommonStockSharesAuthorized.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 250000000 </us-gaap:CommonStockSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesIssued id="CommonStockSharesIssued.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 156813704 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesIssued id="CommonStockSharesIssued.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 157313704 </us-gaap:CommonStockSharesIssued> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesOutstanding id="CommonStockSharesOutstanding.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 156813704 </us-gaap:CommonStockSharesOutstanding> | |||||||||||||||||||||
| <us-gaap:CommonStockSharesOutstanding id="CommonStockSharesOutstanding.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 157313704 </us-gaap:CommonStockSharesOutstanding> | |||||||||||||||||||||
| <us-gaap:CommonStockValue id="CommonStockValue.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 156813 </us-gaap:CommonStockValue> | |||||||||||||||||||||
| <us-gaap:CommonStockValue id="CommonStockValue.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 157313 </us-gaap:CommonStockValue> | |||||||||||||||||||||
| <us-gaap:ConcentrationRiskCreditRisk id="ConcentrationRiskCreditRisk.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Concentrations of Cash and Cash Equivalents</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Federal Deposit Insurance Corporation (FDIC) currently insures accounts at each institution for up to $250,000. At times, cash balances may exceed the FDIC insurance limit of $250,000. At December 31, 2013 and April 30, 2013, the Company had $476,000 and $853,432, respectively, in excess of that which is insured by the FDIC.</p> <!--EndFragment--></div> </div> </us-gaap:ConcentrationRiskCreditRisk> | |||||||||||||||||||||
| <us-gaap:ConsolidationPolicyTextBlock id="ConsolidationPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>Principles of Consolidation</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The accompanying consolidated financial statements include the accounts of CornerWorld Corporation, its wholly owned subsidiaries and entities determined to meet the definition of Variable Interest Entities. All significant intercompany transactions and balances have been eliminated in consolidation.</p> <!--EndFragment--></div> </div> </us-gaap:ConsolidationPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:CostOfGoodsSold id="CostOfGoodsSold.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 271356 </us-gaap:CostOfGoodsSold> | |||||||||||||||||||||
| <us-gaap:CostOfGoodsSold id="CostOfGoodsSold.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 722398 </us-gaap:CostOfGoodsSold> | |||||||||||||||||||||
| <us-gaap:CostOfGoodsSold id="CostOfGoodsSold.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1920832 </us-gaap:CostOfGoodsSold> | |||||||||||||||||||||
| <us-gaap:CostOfGoodsSold id="CostOfGoodsSold.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 541808 </us-gaap:CostOfGoodsSold> | |||||||||||||||||||||
| <us-gaap:CurrentFederalTaxExpenseBenefit id="CurrentFederalTaxExpenseBenefit.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -534014 </us-gaap:CurrentFederalTaxExpenseBenefit> | |||||||||||||||||||||
| <us-gaap:CurrentFederalTaxExpenseBenefit id="CurrentFederalTaxExpenseBenefit.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -50699 </us-gaap:CurrentFederalTaxExpenseBenefit> | |||||||||||||||||||||
| <us-gaap:DebtConversionConvertedInstrumentAmount1 id="DebtConversionConvertedInstrumentAmount1.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DebtConversionConvertedInstrumentAmount1 id="DebtConversionConvertedInstrumentAmount1.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1464916 </us-gaap:DebtConversionConvertedInstrumentAmount1> | |||||||||||||||||||||
| <us-gaap:DebtConversionConvertedInstrumentAmount1 id="DebtConversionConvertedInstrumentAmount1.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DebtConversionConvertedInstrumentSharesIssued1 id="DebtConversionConvertedInstrumentSharesIssued1.275.0.0.0.0.0.0" contextRef="from-2012-10-01-to-2012-10-31.275.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 9766097 </us-gaap:DebtConversionConvertedInstrumentSharesIssued1> | |||||||||||||||||||||
| <us-gaap:DebtConversionOriginalDebtAmount1 id="DebtConversionOriginalDebtAmount1.275.0.0.0.0.0.0" contextRef="from-2012-10-01-to-2012-10-31.275.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1464916 </us-gaap:DebtConversionOriginalDebtAmount1> | |||||||||||||||||||||
| <us-gaap:DebtDisclosureTextBlock id="DebtDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>5. Debt</strong></p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 501px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 77px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 77px"> </td> <td style="WIDTH: 13px"> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>As of</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31,<br /> 2013</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>April 30,<br /> 2013</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"><strong>Long-term Debt</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Notes payable to Emerald Crest Capital (the "Senior Lender"). These notes were collateralized by all assets of the Company. The notes and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">3,700,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable IU Holdings, LP. This note was collateralized by all assets of the Company save for the Ranger patent. See also note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">1,500,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to IU Investments, LLC. This note was collateralized by all assets of the Company save for the Ranger patent. See also note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">527,915</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Internet University, Inc. This note was collateralized by all assets of the Company save for the Ranger patent. See also Note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">10,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Ned B. Timmer. This note was collateralized by all assets of Woodland Holdings, Corporation, including the Ranger patent. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">1,440,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to CEO; the note matures July 31, 2016. At December 31, 2013, the interest rate was 6.25%. This note is collateralized by all assets of the Company save for the Ranger patent. See also Note 8, Related Party Transactions.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Kelly Larabee Morlan; the note matures December 31, 2013. The note and all accrued interest have been settled in full.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">16,316</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Total debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">7,533,189</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Less current portion of long-term debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">(101,968</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">)</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">(4,352,979</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Non-current portion of long-term debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">236,990</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">3,180,210</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">As previously noted, on September 30, 2013, the Company sold 100% of the outstanding membership interests of Ranger. By executing the sale of Ranger, the Company was able to payoff substantially all of its secured creditors including reacquiring the common stock purchase warrants originally issued to the Senior Lender (the "Warrants"), pursuant to which the Senior Lender could have purchased up to 8,762,008 shares of the Company's common stock for an aggregate price of $100. The Warrants were not exercisable prior to March 30, 2014 but were being carried as a liability due to the fact that they could be put to the Company for $1,000,000 on March 30, 2014. In addition to retiring the Warrants and the notes payable to the Senior Lender, unamortized loan fees of $396,913 were written off as a result of the sale of Ranger and the subsequent retirement of substantially all secured payables.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong><u>Notes Payable to Junior Lenders:</u></strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Substantially all of the Company's notes payable to its junior lenders were also paid off as a result of the sale of Ranger. The remaining collateralized note payable, due to the Company's CEO, contains no restrictive covenants or events of default other than non-payment.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Future minimum principal payments pursuant to the above long term debt agreements are as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="151"> </td> <td width="9"> </td> <td width="78"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px"><strong><u>As of December 31</u></strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="151"> <p style="MARGIN: 0px">2014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">101,968</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px">2015</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">152,952</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="151"> <p style="MARGIN: 0px">2016</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">84,038</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px">Total</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:DebtDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:DebtInstrumentConvertibleConversionPrice1 id="DebtInstrumentConvertibleConversionPrice1.274.0.0.0.0.0.0" contextRef="as-of-2012-10-31.274.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.15 </us-gaap:DebtInstrumentConvertibleConversionPrice1> | |||||||||||||||||||||
| <us-gaap:DebtInstrumentConvertibleConversionPrice1 id="DebtInstrumentConvertibleConversionPrice1.274.527.4511.0.0.0.0" contextRef="as-of-2012-10-31.274.0.527.4511.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.15 </us-gaap:DebtInstrumentConvertibleConversionPrice1> | |||||||||||||||||||||
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| <us-gaap:DebtInstrumentFaceAmount id="DebtInstrumentFaceAmount.287.21528.4511.0.0.0.0" contextRef="as-of-2011-03-30.287.0.21528.4511.0.0.0.0" unitRef="USD" decimals="0"> 1500000 </us-gaap:DebtInstrumentFaceAmount> | |||||||||||||||||||||
| <us-gaap:DebtInstrumentFaceAmount id="DebtInstrumentFaceAmount.287.21527.4511.0.0.0.0" contextRef="as-of-2011-03-30.287.0.21527.4511.0.0.0.0" unitRef="USD" decimals="0"> 400000 </us-gaap:DebtInstrumentFaceAmount> | |||||||||||||||||||||
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| <us-gaap:DebtInstrumentMaturityDate id="DebtInstrumentMaturityDate.126.21526.1385.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21526.1385.0.0.0.0"> 2016-07-31 </us-gaap:DebtInstrumentMaturityDate> | |||||||||||||||||||||
| <us-gaap:DebtInstrumentPeriodicPayment id="DebtInstrumentPeriodicPayment.126.1044.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.4511.0.0.0.0" unitRef="USD" decimals="0"> 12746 </us-gaap:DebtInstrumentPeriodicPayment> | |||||||||||||||||||||
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| <us-gaap:DebtInstrumentUnamortizedDiscount id="DebtInstrumentUnamortizedDiscount.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7045 </us-gaap:DebtInstrumentUnamortizedDiscount> | |||||||||||||||||||||
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| <us-gaap:DeferredRevenueCurrent id="DeferredRevenueCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 70322 </us-gaap:DeferredRevenueCurrent> | |||||||||||||||||||||
| <us-gaap:DeferredRevenueCurrent id="DeferredRevenueCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 60735 </us-gaap:DeferredRevenueCurrent> | |||||||||||||||||||||
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| <us-gaap:DeferredTaxAssetsGross id="DeferredTaxAssetsGross.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4670825 </us-gaap:DeferredTaxAssetsGross> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsLiabilitiesNet id="DeferredTaxAssetsLiabilitiesNet.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsLiabilitiesNet id="DeferredTaxAssetsLiabilitiesNet.130.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards id="DeferredTaxAssetsOperatingLossCarryforwards.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1458542 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards id="DeferredTaxAssetsOperatingLossCarryforwards.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 864042 </us-gaap:DeferredTaxAssetsOperatingLossCarryforwards> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsOther id="DeferredTaxAssetsOther.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 155736 </us-gaap:DeferredTaxAssetsOther> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsOther id="DeferredTaxAssetsOther.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 305144 </us-gaap:DeferredTaxAssetsOther> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost id="DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1952714 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost id="DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1947009 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther id="DeferredTaxAssetsTaxDeferredExpenseOther.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 423733 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther id="DeferredTaxAssetsTaxDeferredExpenseOther.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1113051 </us-gaap:DeferredTaxAssetsTaxDeferredExpenseOther> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsValuationAllowance id="DeferredTaxAssetsValuationAllowance.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3980080 </us-gaap:DeferredTaxAssetsValuationAllowance> | |||||||||||||||||||||
| <us-gaap:DeferredTaxAssetsValuationAllowance id="DeferredTaxAssetsValuationAllowance.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4670825 </us-gaap:DeferredTaxAssetsValuationAllowance> | |||||||||||||||||||||
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| <us-gaap:DeferredTaxLiabilitiesOther id="DeferredTaxLiabilitiesOther.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 23497 </us-gaap:DeferredTaxLiabilitiesOther> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 33755 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
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| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 222687 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
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| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.127.21523.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 6183 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
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| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.126.21495.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 10474 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.127.21495.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 18398 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.128.21495.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 44513 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.126.1261.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 19913 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.127.1261.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 47027 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DepreciationDepletionAndAmortization id="DepreciationDepletionAndAmortization.128.1261.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> 61070 </us-gaap:DepreciationDepletionAndAmortization> | |||||||||||||||||||||
| <us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock id="DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>8. Stock Based Compensation Plans</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><em><u>Incentive Stock Plan</u></em></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On August 17, 2007, the Company's Board of Directors adopted and implemented the Company's 2007 Incentive Stock Plan. Under the Incentive Stock Plan, the Company is authorized to issue 4,000,000 shares of its common stock to the Company's directors, officers, employees, advisors or consultants.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">Any Incentive Stock Option granted to an employee of the Company shall become exercisable over a period of no longer than five years, and no less than 20% of the shares covered thereby shall become exercisable annually. 25% of shares vest on the six month anniversary of the date of grant, the Initial Vesting Date, while the remaining options vest annually in 25% increments beginning on the first anniversary of the Initial Vesting Date. The options expire ten years from the grant date.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> There were 565,000 shares outstanding under the Company's 2007 Incentive Stock Plan as of December 31, 2013.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><em><u>Stock Compensation Plan</u></em></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On August 17, 2007, the Company's Board of Directors adopted and implemented the Company's 2007 Stock Compensation Plan. The total number of shares of the Company's common stock which may be purchased or granted directly by Options, Stock Awards or Warrants under the Compensation Plan shall not exceed 4,000,000 shares of the Company's common stock.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Awards granted to a participant of the Company shall become exercisable over a period of no longer than five years, and may vest as determined at the Company's discretion at the time of grant.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> There were 75,000 shares outstanding under the Company's 2007 Stock Compensation Plan as of December 31, 2013.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">A summary of the shares reserved for grant and awards available for grant under each Stock Plan is as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="223"> </td> <td width="127"> </td> <td width="16"> </td> <td width="137"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="280" colspan="3"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center"><strong>Shares Reserved<br /> for Grant</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center"><strong>Awards Available<br /> for Grant</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="223"> <p style="MARGIN: 0px">Incentive Stock Plan</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center">4,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center">3,435,000</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="MARGIN: 0px">Stock Compensation Plan</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center">4,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center">3,925,000</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="223"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="127"> <p style="MARGIN: 0px; text-align: center">8,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="137"> <p style="MARGIN: 0px; text-align: center">7,360,000</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company issues awards to employees, qualified consultants and directors that generally vest over time based solely on continued employment or service during the related vesting period and are exercisable over a five to ten year service period. Options are generally granted with an exercise price equal to the market price of the Company's stock at the date of grant.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The fair value of each stock-based award is estimated on the grant date using the Black-Scholes option-pricing model. Expected volatilities are based on comparable companies. The expected term of options granted subsequent to the adoption ASC 718 is derived using the simplified method as defined in the SEC's SAB No. 107. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury interest rates in effect at the time of grant. The fair value of options granted was estimated using the following weighted-average assumptions:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="216"> </td> <td width="95"> </td> <td width="95"> </td> <td width="97"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center"><strong>For the<br /> Eight-month<br /> Period Ended<br /> December 31,</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="192" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Years Ended April 30,</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="216"> <p style="MARGIN: 0px"><strong> </strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="95"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="95"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="97"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="216"> <p style="MARGIN: 0px">Expected term (in years)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">- </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">5.0</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">5.0</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px">Expected volatility</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">100.0%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">100.0%</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="216"> <p style="MARGIN: 0px">Risk-free interest rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">0.2%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">0.9%</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px">Dividend yield</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">0.0%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">0.0%</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">A summary of activity under the Stock Plans and changes during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012 is presented below:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="235"> </td> <td width="10"> </td> <td width="10"> </td> <td width="67"> </td> <td width="22"> </td> <td width="10"> </td> <td width="56"> </td> <td width="16"> </td> <td width="11"> </td> <td width="65"> </td> <td width="13"> </td> <td width="12"> </td> <td width="62"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="344" colspan="11"> <p style="MARGIN: 0px; text-align: center"> <strong>Weighted-Average</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Shares</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="66" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Remaining Contractual Term (Years)</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="74" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Aggregate Intrinsic Value</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at May 1, 2011</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,520,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.35</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">3.36</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">1,130,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.29</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(679,999</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Exercised</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(60,001</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,910,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.35</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">3.12</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">44,600</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">30,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.29</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(695,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,245,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.38</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.49</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(1,605,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.44</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">640,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.22</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.63</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Options vested and expected to vest</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">640,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.22</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.63</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Options exercisable at end of period</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.21</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.39</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="62"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> During the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, the Company recognized $16,779, $164,071 and $158,514 of stock-based compensation expense, respectively. As of December 31, 2013 and April 30, 2013 and 2012 there was $18,646, $86,642 and $273,673 respectively, of total unrecognized compensation cost, net of forfeitures, related to unvested employee and director stock option compensation arrangements. That cost is expected to be recognized on a straight-line basis over the next 1.63 weighted average years.</p> <!--EndFragment--></div> </div> </us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock> | |||||||||||||||||||||
| <us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock id="DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">A summary of the shares reserved for grant and awards available for grant under each Stock Plan is as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="223"> </td> <td width="127"> </td> <td width="16"> </td> <td width="137"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="280" colspan="3"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center"><strong>Shares Reserved<br /> for Grant</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center"><strong>Awards Available<br /> for Grant</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="223"> <p style="MARGIN: 0px">Incentive Stock Plan</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center">4,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center">3,435,000</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="223"> <p style="MARGIN: 0px">Stock Compensation Plan</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="127"> <p style="MARGIN: 0px; text-align: center">4,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="137"> <p style="MARGIN: 0px; text-align: center">3,925,000</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="223"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="127"> <p style="MARGIN: 0px; text-align: center">8,000,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="137"> <p style="MARGIN: 0px; text-align: center">7,360,000</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax id="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2788543 </us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax id="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax id="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax id="DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax.281.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 538568 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1401050 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 640197 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.02 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare id="DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation id="DiscontinuedOperationTaxEffectOfDiscontinuedOperation.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation id="DiscontinuedOperationTaxEffectOfDiscontinuedOperation.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation id="DiscontinuedOperationTaxEffectOfDiscontinuedOperation.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities id="DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities id="DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 388506 </us-gaap:DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredRevenue id="DisposalGroupIncludingDiscontinuedOperationDeferredRevenue.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredRevenue id="DisposalGroupIncludingDiscontinuedOperationDeferredRevenue.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 266810 </us-gaap:DisposalGroupIncludingDiscontinuedOperationDeferredRevenue> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets id="DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets id="DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 529328 </us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherLiabilities id="DisposalGroupIncludingDiscontinuedOperationOtherLiabilities.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherLiabilities id="DisposalGroupIncludingDiscontinuedOperationOtherLiabilities.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 873861 </us-gaap:DisposalGroupIncludingDiscontinuedOperationOtherLiabilities> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment id="DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment id="DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 11349 </us-gaap:DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue id="DisposalGroupIncludingDiscontinuedOperationRevenue.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2014095 </us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue id="DisposalGroupIncludingDiscontinuedOperationRevenue.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 5256108 </us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue> | |||||||||||||||||||||
| <us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue id="DisposalGroupIncludingDiscontinuedOperationRevenue.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 5602889 </us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue> | |||||||||||||||||||||
| <us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock id="DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>3. Discontinued Operations</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">We completed the sale of our Ranger business on September 30, 2013 for $7.5 million in cash plus a contingent receivable for $800,000 which we collected in November 2013; we recognized a gain of $2,788,543 on the sale, net of tax. The decision to sell Ranger allowed us to retire substantially all of our secured debt, including debt with loan covenants for which we were previously not in compliance. Our Ranger operations, previously reported within the Communications Services segment, have been reclassified as discontinued operations in our unaudited Condensed Consolidated Financial Statements for the operations up to the date of sale for the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012. In addition, all secured debt retired as a result of the divestiture have been reclassified as discontinued operations and interest plus loan discounts from all secured debt, including the Company's put warrants, directly paid off as a result of the divestiture of Ranger, was allocated to discontinued operations for all periods presented. Finally, the Company's patent and all of its goodwill, as of April 30, 2013 were part of the assets divested while all revenues related to the Company's customer concentrations at both April 30, 2013 and 2012 were also part of the discontinued operations.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The following is a summary of the operating results of our discontinued operations:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="286"> </td> <td width="15"> </td> <td width="10"> </td> <td width="112"> </td> <td width="18"> </td> <td width="10"> </td> <td width="112"> </td> <td width="18"> </td> <td width="10"> </td> <td width="112"> </td> <td width="11"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Eight-month<br /> Period Ended<br /> December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended<br /> April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended<br /> April 30, 2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="123" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Sales, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">2,014,095</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">5,256,108</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">5,602,889</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Income from discontinued operations before income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">1,401,050</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">640,197</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="286"> <p style="MARGIN: 0px 0px 0px 12px; TEXT-INDENT: -12px">Net income from discontinued operations</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="15"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">538,568</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">1,401,050</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="112"> <p style="MARGIN: 0px; text-align: right">640,197</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following is a summary of assets and liabilities held for sale as of December 31, 2013 and April 30, 2013:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="291"> </td> <td width="18"> </td> <td width="9"> </td> <td width="108"> </td> <td width="19"> </td> <td width="9"> </td> <td width="109"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: center"><strong>April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Current assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">529,328</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Property, plant and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">11,349</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Patent and goodwill, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">5,995,692</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Assets of discontinued operations held for sale</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">6,536,369</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px">Liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Accounts payable and accrued expenses</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">388,506</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Long term debt, net of discounts</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">6,647,645</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Deferred revenue</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">266,810</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="291"> <p style="MARGIN: 0px 0px 0px 13px">Other liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">873,861</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="291"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="18"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="109"> <p style="MARGIN: 0px; text-align: right">8,176,822</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareBasic id="EarningsPerShareBasic.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.02 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareBasic id="EarningsPerShareBasic.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareBasic id="EarningsPerShareBasic.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareBasic id="EarningsPerShareBasic.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </us-gaap:EarningsPerShareBasic> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareDiluted id="EarningsPerShareDiluted.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.02 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareDiluted id="EarningsPerShareDiluted.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareDiluted id="EarningsPerShareDiluted.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
| <us-gaap:EarningsPerShareDiluted id="EarningsPerShareDiluted.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </us-gaap:EarningsPerShareDiluted> | |||||||||||||||||||||
| <us-gaap:EarningsPerSharePolicyTextBlock id="EarningsPerSharePolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Basic and Diluted Earnings (Loss) Per Share</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">In accordance with ASC 260, basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings (loss) per share, if any, is computed similar to basic earnings (loss) per share except that the denominator is adjusted for the potential dilution that could occur if stock options, warrants, and other convertible securities were exercised or converted into common stock.</p> <!--EndFragment--></div> </div> </us-gaap:EarningsPerSharePolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateContinuingOperations id="EffectiveIncomeTaxRateContinuingOperations.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateContinuingOperations id="EffectiveIncomeTaxRateContinuingOperations.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate id="EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" decimals="2"> 0.34 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate id="EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" decimals="2"> 0.34 </us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance id="EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" decimals="2"> -0.34 </us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance> | |||||||||||||||||||||
| <us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance id="EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" decimals="2"> -0.34 </us-gaap:EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance> | |||||||||||||||||||||
| <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized id="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 18646 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized> | |||||||||||||||||||||
| <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized id="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 86642 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized> | |||||||||||||||||||||
| <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized id="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 273673 </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized> | |||||||||||||||||||||
| <us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1 id="EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> P1Y7M17D </us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1> | |||||||||||||||||||||
| <us-gaap:FairValueOfFinancialInstrumentsPolicy id="FairValueOfFinancialInstrumentsPolicy.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>Fair Value of Financial Instruments</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">ASC No. 850 requires disclosure of fair value information about financial instruments when it is practicable to estimate that value. The carrying amount of the Company's cash and cash equivalents, accounts receivable, accounts receivable-related party, accounts payable, accounts payable-related party and accrued liabilities approximate their estimated fair values due to their short-term maturities. Notes payable are carried at their face value net of their issuance costs which management believes is a reasonable approximation for their fair value. Warrants with put features are carried at their minimum cash put value discounted for the time value of money. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these consolidated financial statements.</p> <!--EndFragment--></div> </div> </us-gaap:FairValueOfFinancialInstrumentsPolicy> | |||||||||||||||||||||
| <us-gaap:FederalIncomeTaxExpenseBenefitContinuingOperations id="FederalIncomeTaxExpenseBenefitContinuingOperations.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 881105 </us-gaap:FederalIncomeTaxExpenseBenefitContinuingOperations> | |||||||||||||||||||||
| <us-gaap:FederalIncomeTaxExpenseBenefitContinuingOperations id="FederalIncomeTaxExpenseBenefitContinuingOperations.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -270334 </us-gaap:FederalIncomeTaxExpenseBenefitContinuingOperations> | |||||||||||||||||||||
| <us-gaap:Goodwill id="Goodwill.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:Goodwill id="Goodwill.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 554986 </us-gaap:Goodwill> | |||||||||||||||||||||
| <us-gaap:GoodwillImpairmentLoss id="GoodwillImpairmentLoss.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:GoodwillImpairmentLoss id="GoodwillImpairmentLoss.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 554986 </us-gaap:GoodwillImpairmentLoss> | |||||||||||||||||||||
| <us-gaap:GoodwillImpairmentLoss id="GoodwillImpairmentLoss.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:GrossProfit id="GrossProfit.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 402598 </us-gaap:GrossProfit> | |||||||||||||||||||||
| <us-gaap:GrossProfit id="GrossProfit.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1203336 </us-gaap:GrossProfit> | |||||||||||||||||||||
| <us-gaap:GrossProfit id="GrossProfit.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2617882 </us-gaap:GrossProfit> | |||||||||||||||||||||
| <us-gaap:GrossProfit id="GrossProfit.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 966709 </us-gaap:GrossProfit> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -742877 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2763284 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2745244 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.126.21523.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 1770 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.127.21523.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 554997 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.128.21523.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> -104303 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.126.21495.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> -162887 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.127.21495.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> -410939 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.128.21495.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 30294 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.126.1261.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> -581760 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.127.1261.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> -2907342 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.128.1261.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.1261.5116.0.0.0.0" unitRef="USD" decimals="0"> -2671235 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest id="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -742877 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest id="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2763284 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest id="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2745244 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest id="IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1318956 </us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerBasicShare id="IncomeLossFromContinuingOperationsPerBasicShare.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerBasicShare id="IncomeLossFromContinuingOperationsPerBasicShare.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.02 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerBasicShare id="IncomeLossFromContinuingOperationsPerBasicShare.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.02 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerBasicShare id="IncomeLossFromContinuingOperationsPerBasicShare.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:IncomeLossFromContinuingOperationsPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare id="IncomeLossFromContinuingOperationsPerDilutedShare.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.00 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare id="IncomeLossFromContinuingOperationsPerDilutedShare.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.02 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare id="IncomeLossFromContinuingOperationsPerDilutedShare.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.02 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare id="IncomeLossFromContinuingOperationsPerDilutedShare.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> -0.01 </us-gaap:IncomeLossFromContinuingOperationsPerDilutedShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax id="IncomeLossFromDiscontinuedOperationsNetOfTax.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 538568 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax id="IncomeLossFromDiscontinuedOperationsNetOfTax.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1401050 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax id="IncomeLossFromDiscontinuedOperationsNetOfTax.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 640197 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax id="IncomeLossFromDiscontinuedOperationsNetOfTax.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1058424 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare id="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.02 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare id="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare id="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare id="IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.01 </us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare> | |||||||||||||||||||||
| <us-gaap:IncomeTaxDisclosureTextBlock id="IncomeTaxDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>12. Income Taxes</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for income taxes in accordance with ASC 740. Due to continued losses from operations, since the inception of the Company, no provision for income taxes has been made in these consolidated financial statements. The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes consists of the following:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="224"> </td> <td width="97"> </td> <td width="13"> </td> <td width="87"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="224"> <p style="MARGIN: 0px">Federal statutory rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px">Effect of:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="224"> <p style="MARGIN: 0px 0px 0px 12px">Valuation allowance</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">(34.00%</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px">Effective income tax rate</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The Company's income tax provision is summarized below:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="211"> </td> <td width="12"> </td> <td width="11"> </td> <td width="86"> </td> <td width="12"> </td> <td width="11"> </td> <td width="77"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Income tax expense (benefit):</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Federal - current</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(534,014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(50,699</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Federal - deferred</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,415,119</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px double; MARGIN-TOP: 0px" valign="bottom" width="12"> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(219,635</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px double; MARGIN-TOP: 0px" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">881,105</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(270,334</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Less: valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">881,105</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">270,334</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">We will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. At December 31, 2013 we had no unrecognized tax benefits in income tax expense, and do not expect any for the year ended December 31, 2014. Our income tax returns are no longer subject to Federal tax examinations by tax authorities for years before April 30, 2011.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The components of the deferred tax asset are as follows:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="211"> </td> <td width="12"> </td> <td width="11"> </td> <td width="86"> </td> <td width="12"> </td> <td width="11"> </td> <td width="76"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Deferred tax assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Net operating loss carryforwards</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">1,458,542</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">864,042</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">423,733</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">1,113,051</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Merger & acquisition fees</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">465,076</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Stock compensation expense</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">1,952,714</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">1,947,009</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Other deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">155,736</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">305,144</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Other deferred tax liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(10,645</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">(23,497</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">3,980,080</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">4,670,825</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(3,980,080</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">(4,670,825</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Net deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">For the eight-month period ended December 31, 2013 and the year ended April 30, 2013 the cumulative deferred tax assets of $3,980,080 and $4,670,825 and respectively, are offset by a valuation allowance due to the uncertainty of the realization of the net operating loss carryforwards. The cumulative income tax loss carryforward, of $4,289,831, if not used, will expire in various years through 2034, and is severely restricted as per the Internal Revenue Code if there is a change in ownership.</p> <!--EndFragment--></div> </div> </us-gaap:IncomeTaxDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:IncomeTaxesPaid id="IncomeTaxesPaid.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxesPaid id="IncomeTaxesPaid.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxesPaid id="IncomeTaxesPaid.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefit id="IncomeTaxExpenseBenefit.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefit id="IncomeTaxExpenseBenefit.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefit id="IncomeTaxExpenseBenefit.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefit id="IncomeTaxExpenseBenefit.281.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability id="IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 881105 </us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability> | |||||||||||||||||||||
| <us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability id="IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 270334 </us-gaap:IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability> | |||||||||||||||||||||
| <us-gaap:IncomeTaxPolicyTextBlock id="IncomeTaxPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Income Taxes</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for income taxes in accordance with ASC No. 740 which requires the use of the asset and liability method of accounting of income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the consolidated financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</p> <!--EndFragment--></div> </div> </us-gaap:IncomeTaxPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsPayable id="IncreaseDecreaseInAccountsPayable.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -724668 </us-gaap:IncreaseDecreaseInAccountsPayable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsPayable id="IncreaseDecreaseInAccountsPayable.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -339413 </us-gaap:IncreaseDecreaseInAccountsPayable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsPayable id="IncreaseDecreaseInAccountsPayable.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1109528 </us-gaap:IncreaseDecreaseInAccountsPayable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsReceivable id="IncreaseDecreaseInAccountsReceivable.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 44002 </us-gaap:IncreaseDecreaseInAccountsReceivable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsReceivable id="IncreaseDecreaseInAccountsReceivable.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -183764 </us-gaap:IncreaseDecreaseInAccountsReceivable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccountsReceivable id="IncreaseDecreaseInAccountsReceivable.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -395773 </us-gaap:IncreaseDecreaseInAccountsReceivable> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccruedLiabilities id="IncreaseDecreaseInAccruedLiabilities.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -481455 </us-gaap:IncreaseDecreaseInAccruedLiabilities> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccruedLiabilities id="IncreaseDecreaseInAccruedLiabilities.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 284577 </us-gaap:IncreaseDecreaseInAccruedLiabilities> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInAccruedLiabilities id="IncreaseDecreaseInAccruedLiabilities.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 146936 </us-gaap:IncreaseDecreaseInAccruedLiabilities> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInDeferredRevenue id="IncreaseDecreaseInDeferredRevenue.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 9587 </us-gaap:IncreaseDecreaseInDeferredRevenue> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInDeferredRevenue id="IncreaseDecreaseInDeferredRevenue.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -51099 </us-gaap:IncreaseDecreaseInDeferredRevenue> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInDeferredRevenue id="IncreaseDecreaseInDeferredRevenue.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -198411 </us-gaap:IncreaseDecreaseInDeferredRevenue> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets id="IncreaseDecreaseInOtherNoncurrentAssets.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -32 </us-gaap:IncreaseDecreaseInOtherNoncurrentAssets> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets id="IncreaseDecreaseInOtherNoncurrentAssets.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -697 </us-gaap:IncreaseDecreaseInOtherNoncurrentAssets> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentAssets id="IncreaseDecreaseInOtherNoncurrentAssets.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 594 </us-gaap:IncreaseDecreaseInOtherNoncurrentAssets> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentLiabilities id="IncreaseDecreaseInOtherNoncurrentLiabilities.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentLiabilities id="IncreaseDecreaseInOtherNoncurrentLiabilities.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInOtherNoncurrentLiabilities id="IncreaseDecreaseInOtherNoncurrentLiabilities.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -187875 </us-gaap:IncreaseDecreaseInOtherNoncurrentLiabilities> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets id="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 72556 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets id="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -4209 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets> | |||||||||||||||||||||
| <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets id="IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 35308 </us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets> | |||||||||||||||||||||
| <us-gaap:InterestExpense id="InterestExpense.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 37171 </us-gaap:InterestExpense> | |||||||||||||||||||||
| <us-gaap:InterestExpense id="InterestExpense.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 237371 </us-gaap:InterestExpense> | |||||||||||||||||||||
| <us-gaap:InterestExpense id="InterestExpense.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 327748 </us-gaap:InterestExpense> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.126.1044.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1044.4511.0.0.0.0" unitRef="USD" decimals="0"> 24186 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.127.1044.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.1044.4511.0.0.0.0" unitRef="USD" decimals="0"> 36685 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.128.1044.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.1044.4511.0.0.0.0" unitRef="USD" decimals="0"> 34631 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.126.21533.4511.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.21533.4511.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.127.21533.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21533.4511.0.0.0.0" unitRef="USD" decimals="0"> 69726 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.128.21533.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21533.4511.0.0.0.0" unitRef="USD" decimals="0"> 161999 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.126.21529.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21529.4511.0.0.0.0" unitRef="USD" decimals="0"> 26105 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.127.21529.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21529.4511.0.0.0.0" unitRef="USD" decimals="0"> 57992 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.128.21529.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21529.4511.0.0.0.0" unitRef="USD" decimals="0"> 55073 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.126.21528.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21528.4511.0.0.0.0" unitRef="USD" decimals="0"> 73006 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.127.21528.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21528.4511.0.0.0.0" unitRef="USD" decimals="0"> 162314 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.128.21528.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21528.4511.0.0.0.0" unitRef="USD" decimals="0"> 160521 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.126.21527.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21527.4511.0.0.0.0" unitRef="USD" decimals="0"> 1342 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.127.21527.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21527.4511.0.0.0.0" unitRef="USD" decimals="0"> 19639 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestExpenseDebt id="InterestExpenseDebt.128.21527.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21527.4511.0.0.0.0" unitRef="USD" decimals="0"> 37027 </us-gaap:InterestExpenseDebt> | |||||||||||||||||||||
| <us-gaap:InterestPaid id="InterestPaid.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 431642 </us-gaap:InterestPaid> | |||||||||||||||||||||
| <us-gaap:InterestPaid id="InterestPaid.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 855626 </us-gaap:InterestPaid> | |||||||||||||||||||||
| <us-gaap:InterestPaid id="InterestPaid.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1231702 </us-gaap:InterestPaid> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.126.527.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 20000 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.127.527.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 106692 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.128.527.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 199820 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 31562 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 138982 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseAndRentalExpense id="LeaseAndRentalExpense.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 283649 </us-gaap:LeaseAndRentalExpense> | |||||||||||||||||||||
| <us-gaap:LeaseExpirationDate1 id="LeaseExpirationDate1.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> 2015-03-01 </us-gaap:LeaseExpirationDate1> | |||||||||||||||||||||
| <us-gaap:LeasesOfLesseeDisclosureTextBlock id="LeasesOfLesseeDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>6. Leases</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company leases its facilities under non-cancelable operating lease agreements. The leases expire on various dates through 2016 and provide for minimum monthly rents of approximately $3,500. Rent expense for the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012 was approximately $31,562, $138,982 and $283,649, respectively. See also Note 11, Related Party Transactions, for more details.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company also has a capital lease on telecom equipment. The lease expires on March 1, 2015 and the Company makes monthly payments of $892 pursuant to the terms of this lease.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; TEXT-INDENT: 48px">Future minimum lease payments under non-cancelable leases are as follows:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="151"> </td> <td width="10"> </td> <td width="78"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px"><strong><u>As of December 31</u></strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="151"> <p style="MARGIN: 0px">2014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">43,059</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px">2015</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">34,577</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="151"> <p style="MARGIN: 0px">2016</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">13,500</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px">Total lease payments</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">91,136</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:LeasesOfLesseeDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:Liabilities id="Liabilities.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 995398 </us-gaap:Liabilities> | |||||||||||||||||||||
| <us-gaap:Liabilities id="Liabilities.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 10384783 </us-gaap:Liabilities> | |||||||||||||||||||||
| <us-gaap:Liabilities id="Liabilities.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 11012602 </us-gaap:Liabilities> | |||||||||||||||||||||
| <us-gaap:LiabilitiesAndStockholdersEquity id="LiabilitiesAndStockholdersEquity.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1177661 </us-gaap:LiabilitiesAndStockholdersEquity> | |||||||||||||||||||||
| <us-gaap:LiabilitiesAndStockholdersEquity id="LiabilitiesAndStockholdersEquity.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7966033 </us-gaap:LiabilitiesAndStockholdersEquity> | |||||||||||||||||||||
| <us-gaap:LiabilitiesAndStockholdersEquity id="LiabilitiesAndStockholdersEquity.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 9642171 </us-gaap:LiabilitiesAndStockholdersEquity> | |||||||||||||||||||||
| <us-gaap:LiabilitiesCurrent id="LiabilitiesCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 756025 </us-gaap:LiabilitiesCurrent> | |||||||||||||||||||||
| <us-gaap:LiabilitiesCurrent id="LiabilitiesCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 10190982 </us-gaap:LiabilitiesCurrent> | |||||||||||||||||||||
| <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation id="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation id="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 8176822 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation> | |||||||||||||||||||||
| <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation id="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 8824480 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation> | |||||||||||||||||||||
| <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent id="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent id="LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 8176822 </us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent> | |||||||||||||||||||||
| <us-gaap:LoanProcessingFee id="LoanProcessingFee.264.22054.1385.0.0.0.0" contextRef="from-2013-09-01-to-2013-09-30.264.0.22054.1385.0.0.0.0" unitRef="USD" decimals="0"> 396913 </us-gaap:LoanProcessingFee> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 338958 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 7533189 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21532.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21532.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21532.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21532.1385.0.0.0.0" unitRef="USD" decimals="0"> 3700000 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21528.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21528.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21528.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21528.1385.0.0.0.0" unitRef="USD" decimals="0"> 1500000 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21529.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21529.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21529.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21529.1385.0.0.0.0" unitRef="USD" decimals="0"> 527915 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21527.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21527.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21527.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21527.1385.0.0.0.0" unitRef="USD" decimals="0"> 10000 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21531.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21531.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21531.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21531.1385.0.0.0.0" unitRef="USD" decimals="0"> 1440000 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21526.1385.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21526.1385.0.0.0.0" unitRef="USD" decimals="0"> 338958 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21526.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21526.1385.0.0.0.0" unitRef="USD" decimals="0"> 338958 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.129.21530.1385.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21530.1385.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:LongTermDebt id="LongTermDebt.130.21530.1385.0.0.0.0" contextRef="as-of-2013-04-30.130.0.21530.1385.0.0.0.0" unitRef="USD" decimals="0"> 16316 </us-gaap:LongTermDebt> | |||||||||||||||||||||
| <us-gaap:LongTermDebtCurrent id="LongTermDebtCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 101968 </us-gaap:LongTermDebtCurrent> | |||||||||||||||||||||
| <us-gaap:LongTermDebtCurrent id="LongTermDebtCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4352979 </us-gaap:LongTermDebtCurrent> | |||||||||||||||||||||
| <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths id="LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 101968 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths> | |||||||||||||||||||||
| <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree id="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 84038 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree> | |||||||||||||||||||||
| <us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo id="LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 152952 </us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo> | |||||||||||||||||||||
| <us-gaap:LongTermDebtNoncurrent id="LongTermDebtNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 236990 </us-gaap:LongTermDebtNoncurrent> | |||||||||||||||||||||
| <us-gaap:LongTermDebtNoncurrent id="LongTermDebtNoncurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3180210 </us-gaap:LongTermDebtNoncurrent> | |||||||||||||||||||||
| <us-gaap:LossContingencyDamagesSoughtValue id="LossContingencyDamagesSoughtValue.283.22061.5277.0.0.0.0" contextRef="from-2013-09-04-to-2013-10-04.283.0.22061.5277.0.0.0.0" unitRef="USD" decimals="0"> 265000 </us-gaap:LossContingencyDamagesSoughtValue> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInFinancingActivities id="NetCashProvidedByUsedInFinancingActivities.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -8007632 </us-gaap:NetCashProvidedByUsedInFinancingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInFinancingActivities id="NetCashProvidedByUsedInFinancingActivities.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1450000 </us-gaap:NetCashProvidedByUsedInFinancingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInFinancingActivities id="NetCashProvidedByUsedInFinancingActivities.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -776484 </us-gaap:NetCashProvidedByUsedInFinancingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInInvestingActivities id="NetCashProvidedByUsedInInvestingActivities.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 8293938 </us-gaap:NetCashProvidedByUsedInInvestingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInInvestingActivities id="NetCashProvidedByUsedInInvestingActivities.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2463 </us-gaap:NetCashProvidedByUsedInInvestingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInInvestingActivities id="NetCashProvidedByUsedInInvestingActivities.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2051 </us-gaap:NetCashProvidedByUsedInInvestingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInOperatingActivities id="NetCashProvidedByUsedInOperatingActivities.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -579232 </us-gaap:NetCashProvidedByUsedInOperatingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInOperatingActivities id="NetCashProvidedByUsedInOperatingActivities.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1712928 </us-gaap:NetCashProvidedByUsedInOperatingActivities> | |||||||||||||||||||||
| <us-gaap:NetCashProvidedByUsedInOperatingActivities id="NetCashProvidedByUsedInOperatingActivities.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 734700 </us-gaap:NetCashProvidedByUsedInOperatingActivities> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2584234 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1362234 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2105047 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -260532 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.126.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.127.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.128.1115.5114.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.1115.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.126.499.5114.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.499.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.127.499.5114.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.499.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.128.499.5114.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.499.5114.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.126.4619.5114.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> 2584234 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.127.4619.5114.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -1362234 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NetIncomeLoss id="NetIncomeLoss.128.4619.5114.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -2105047 </us-gaap:NetIncomeLoss> | |||||||||||||||||||||
| <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock id="NewAccountingPronouncementsPolicyPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Recent Accounting Pronouncements</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> There were various accounting standards and interpretations issued during the eight-month period ended December 31, 2013, none of which are expected to have a material impact on the Company's consolidated financial position, operations, or cash flows.</p> <!--EndFragment--></div> </div> </us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:NonoperatingIncomeExpense id="NonoperatingIncomeExpense.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -285332 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:NonoperatingIncomeExpense id="NonoperatingIncomeExpense.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -792457 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:NonoperatingIncomeExpense id="NonoperatingIncomeExpense.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -245920 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:NonoperatingIncomeExpense id="NonoperatingIncomeExpense.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -143021 </us-gaap:NonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:NotesPayable id="NotesPayable.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayable id="NotesPayable.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 16316 </us-gaap:NotesPayable> | |||||||||||||||||||||
| <us-gaap:NotesPayableCurrent id="NotesPayableCurrent.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayableCurrent id="NotesPayableCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 16316 </us-gaap:NotesPayableCurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesClassifiedCurrent id="NotesPayableRelatedPartiesClassifiedCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 101968 </us-gaap:NotesPayableRelatedPartiesClassifiedCurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesClassifiedCurrent id="NotesPayableRelatedPartiesClassifiedCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 147251 </us-gaap:NotesPayableRelatedPartiesClassifiedCurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.1044.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1044.4511.0.0.0.0" unitRef="USD" decimals="0"> 338958 </us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 338958 </us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 321643 </us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.21533.4511.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21533.4511.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.21529.4511.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21529.4511.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.21528.4511.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21528.4511.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesCurrentAndNoncurrent id="NotesPayableRelatedPartiesCurrentAndNoncurrent.129.21527.4511.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.21527.4511.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesNoncurrent id="NotesPayableRelatedPartiesNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 236990 </us-gaap:NotesPayableRelatedPartiesNoncurrent> | |||||||||||||||||||||
| <us-gaap:NotesPayableRelatedPartiesNoncurrent id="NotesPayableRelatedPartiesNoncurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 184662 </us-gaap:NotesPayableRelatedPartiesNoncurrent> | |||||||||||||||||||||
| <us-gaap:OperatingExpenses id="OperatingExpenses.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 860143 </us-gaap:OperatingExpenses> | |||||||||||||||||||||
| <us-gaap:OperatingExpenses id="OperatingExpenses.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3174163 </us-gaap:OperatingExpenses> | |||||||||||||||||||||
| <us-gaap:OperatingExpenses id="OperatingExpenses.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 5117206 </us-gaap:OperatingExpenses> | |||||||||||||||||||||
| <us-gaap:OperatingExpenses id="OperatingExpenses.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2142644 </us-gaap:OperatingExpenses> | |||||||||||||||||||||
| <us-gaap:OperatingIncomeLoss id="OperatingIncomeLoss.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -457545 </us-gaap:OperatingIncomeLoss> | |||||||||||||||||||||
| <us-gaap:OperatingIncomeLoss id="OperatingIncomeLoss.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1970827 </us-gaap:OperatingIncomeLoss> | |||||||||||||||||||||
| <us-gaap:OperatingIncomeLoss id="OperatingIncomeLoss.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2499324 </us-gaap:OperatingIncomeLoss> | |||||||||||||||||||||
| <us-gaap:OperatingIncomeLoss id="OperatingIncomeLoss.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1175935 </us-gaap:OperatingIncomeLoss> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDue id="OperatingLeasesFutureMinimumPaymentsDue.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 91136 </us-gaap:OperatingLeasesFutureMinimumPaymentsDue> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="OperatingLeasesFutureMinimumPaymentsDueCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 43059 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent id="OperatingLeasesFutureMinimumPaymentsDueCurrent.129.527.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 30700 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueCurrent> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="OperatingLeasesFutureMinimumPaymentsDueInThreeYears.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 13500 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears id="OperatingLeasesFutureMinimumPaymentsDueInThreeYears.129.527.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 13500 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInThreeYears> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="OperatingLeasesFutureMinimumPaymentsDueInTwoYears.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 34577 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears id="OperatingLeasesFutureMinimumPaymentsDueInTwoYears.129.527.4511.0.0.0.0" contextRef="as-of-2013-12-31.129.0.527.4511.0.0.0.0" unitRef="USD" decimals="0"> 31900 </us-gaap:OperatingLeasesFutureMinimumPaymentsDueInTwoYears> | |||||||||||||||||||||
| <us-gaap:OperatingLeasesRentExpenseMinimumRentals id="OperatingLeasesRentExpenseMinimumRentals.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3500 </us-gaap:OperatingLeasesRentExpenseMinimumRentals> | |||||||||||||||||||||
| <us-gaap:OperatingLossCarryforwards id="OperatingLossCarryforwards.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4289831 </us-gaap:OperatingLossCarryforwards> | |||||||||||||||||||||
| <us-gaap:OperatingLossCarryforwardsExpirationDate id="OperatingLossCarryforwardsExpirationDate.126.3361.4349.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.3361.4349.0.0.0.0"> 2034-12-31 </us-gaap:OperatingLossCarryforwardsExpirationDate> | |||||||||||||||||||||
| <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock id="OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>1. Basis of Presentation</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> <strong>Organization</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> CornerWorld Corporation ("the Company", "CornerWorld", "we", "our" or "us") was incorporated in the State of Nevada, on November 9, 2004.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company is a marketing and telecommunications services company creating opportunities from the increased accessibility of content across mobile, television and internet platforms.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company provides marketing services through its subsidiaries Enversa Companies LLC ("Enversa") and Leadstream LLC, ("Leadstream") both of which are a Texas limited liability companies. Enversa, the parent company of Leadstream, offers a full menu of services for brand and direct response customer acquisition campaigns, including media buying and planning. It provides customer relationship marketing and interactive services, as well as customer data collection and analysis tools used for planning and targeting client marketing efforts across a network of partner, representative and owned content sites. Enversa identifies qualified leads for advertisers thereby connecting them with potential consumers. Enversa also utilizes a pay-for-performance pricing model which is very appealing to clients because it insures that they are billed solely for campaign performance. Finally, Enversa provides search engine optimization services ("SEO"), domain leasing and website management services on a recurring monthly basis.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company provides telecommunications services through its Woodland Holdings Corporation ("Woodland") subsidiary. Woodland is the parent company of Woodland Wireless Solutions, Ltd. ("Woodland Wireless"), West Michigan Co-Location Services, L.L.C. ("WMCLS"), T2 TV, L.L.C. ("T2 TV"), Phone Services & More, L.L.C., doing business as Visitatel ("PSM") and T2 Communications, L.L.C. ("T<sup>2</sup>"). As a provider of Internet and VoIP services, T˛ is a Competitive Local Exchange Carrier (CLEC) which delivers leading-edge technology to residential and business customers. Offerings include: phone lines, internet connections, colocation and both long distance and toll-free services. PSM is also a CLEC which holds an FCC 214 License as a wholesale long distance service provider to the carrier community and large commercial users of transport minutes.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On September 30, 2013 Woodland sold its S Squared, LLC doing business as Ranger Wireless Solutions, LLC ("Ranger") whose key asset was the patented 611 Roaming Service<sup>TM</sup> from RANGER Wireless Solutions®, which generates revenue by processing approximately 10.2 million calls from roaming wireless customers per year and seamlessly connecting them to their service provider. See note 3, Discontinued Operations, for more information with respect to the sale of Ranger.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Change in Fiscal Year</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company's year-end is December 31. On April 29, 2014, the Company announced that it was changing its fiscal year end from April 30 to December 31. Accordingly, this transitional report on form 10-K details the Company's accounts as of December 31, 2013 and its results of operations, cash flow and stockholders' equity (deficit) for the eight-month period then ended as well as its accounts as of April 30, 2013, the last date the Company was audited, and its results of operations, cash flow and stockholders' equity (deficit) for the two years then ended. Moving forward, the Company will report its accounts on a more standard calendar reporting basis filing quarterly reports as of March 31, June 30 and September 30 each year and an annual report as of December 31 of each future year. See Note 13, Transition Period Data (unaudited), for more information with respect to our change in fiscal year end.</p> <!--EndFragment--></div> </div> </us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:OtherAssets id="OtherAssets.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 28000 </us-gaap:OtherAssets> | |||||||||||||||||||||
| <us-gaap:OtherAssets id="OtherAssets.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 28028 </us-gaap:OtherAssets> | |||||||||||||||||||||
| <us-gaap:OtherAssetsNoncurrent id="OtherAssetsNoncurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 28000 </us-gaap:OtherAssetsNoncurrent> | |||||||||||||||||||||
| <us-gaap:OtherAssetsNoncurrent id="OtherAssetsNoncurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 28032 </us-gaap:OtherAssetsNoncurrent> | |||||||||||||||||||||
| <us-gaap:OtherNonoperatingIncomeExpense id="OtherNonoperatingIncomeExpense.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -248161 </us-gaap:OtherNonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:OtherNonoperatingIncomeExpense id="OtherNonoperatingIncomeExpense.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -555086 </us-gaap:OtherNonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:OtherNonoperatingIncomeExpense id="OtherNonoperatingIncomeExpense.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 81828 </us-gaap:OtherNonoperatingIncomeExpense> | |||||||||||||||||||||
| <us-gaap:PaymentsForRepurchaseOfWarrants id="PaymentsForRepurchaseOfWarrants.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 929017 </us-gaap:PaymentsForRepurchaseOfWarrants> | |||||||||||||||||||||
| <us-gaap:PaymentsOfDebtIssuanceCosts id="PaymentsOfDebtIssuanceCosts.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PaymentsOfDebtIssuanceCosts id="PaymentsOfDebtIssuanceCosts.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PaymentsOfDebtIssuanceCosts id="PaymentsOfDebtIssuanceCosts.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 62500 </us-gaap:PaymentsOfDebtIssuanceCosts> | |||||||||||||||||||||
| <us-gaap:PaymentsOfFinancingCosts id="PaymentsOfFinancingCosts.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 249000 </us-gaap:PaymentsOfFinancingCosts> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquireEquipmentOnLease id="PaymentsToAcquireEquipmentOnLease.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 6062 </us-gaap:PaymentsToAcquireEquipmentOnLease> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquireEquipmentOnLease id="PaymentsToAcquireEquipmentOnLease.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2463 </us-gaap:PaymentsToAcquireEquipmentOnLease> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquireEquipmentOnLease id="PaymentsToAcquireEquipmentOnLease.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2436 </us-gaap:PaymentsToAcquireEquipmentOnLease> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="PaymentsToAcquirePropertyPlantAndEquipment.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="PaymentsToAcquirePropertyPlantAndEquipment.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment id="PaymentsToAcquirePropertyPlantAndEquipment.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 17015 </us-gaap:PaymentsToAcquirePropertyPlantAndEquipment> | |||||||||||||||||||||
| <us-gaap:PreferredStockParOrStatedValuePerShare id="PreferredStockParOrStatedValuePerShare.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="3"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare> | |||||||||||||||||||||
| <us-gaap:PreferredStockParOrStatedValuePerShare id="PreferredStockParOrStatedValuePerShare.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="3"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesAuthorized id="PreferredStockSharesAuthorized.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 10000000 </us-gaap:PreferredStockSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesAuthorized id="PreferredStockSharesAuthorized.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 10000000 </us-gaap:PreferredStockSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesIssued id="PreferredStockSharesIssued.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 0 </us-gaap:PreferredStockSharesIssued> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesIssued id="PreferredStockSharesIssued.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 0 </us-gaap:PreferredStockSharesIssued> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesOutstanding id="PreferredStockSharesOutstanding.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 0 </us-gaap:PreferredStockSharesOutstanding> | |||||||||||||||||||||
| <us-gaap:PreferredStockSharesOutstanding id="PreferredStockSharesOutstanding.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 0 </us-gaap:PreferredStockSharesOutstanding> | |||||||||||||||||||||
| <us-gaap:PreferredStockValue id="PreferredStockValue.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PreferredStockValue id="PreferredStockValue.130.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PrepaidExpenseAndOtherAssets id="PrepaidExpenseAndOtherAssets.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 152317 </us-gaap:PrepaidExpenseAndOtherAssets> | |||||||||||||||||||||
| <us-gaap:PrepaidExpenseAndOtherAssets id="PrepaidExpenseAndOtherAssets.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 99305 </us-gaap:PrepaidExpenseAndOtherAssets> | |||||||||||||||||||||
| <us-gaap:PrepaidExpenseAndOtherAssetsCurrent id="PrepaidExpenseAndOtherAssetsCurrent.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 152317 </us-gaap:PrepaidExpenseAndOtherAssetsCurrent> | |||||||||||||||||||||
| <us-gaap:PrepaidExpenseAndOtherAssetsCurrent id="PrepaidExpenseAndOtherAssetsCurrent.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 79761 </us-gaap:PrepaidExpenseAndOtherAssetsCurrent> | |||||||||||||||||||||
| <us-gaap:PriorPeriodReclassificationAdjustmentDescription id="PriorPeriodReclassificationAdjustmentDescription.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> <strong>Reclassifications</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Certain prior year accounts have been reclassified to conform to the current year's presentation.</p> <!--EndFragment--></div> </div> </us-gaap:PriorPeriodReclassificationAdjustmentDescription> | |||||||||||||||||||||
| <us-gaap:ProceedsFromDivestitureOfBusinesses id="ProceedsFromDivestitureOfBusinesses.264.0.0.0.0.0.0" contextRef="from-2013-09-01-to-2013-09-30.264.0.0.0.0.0.0.0" unitRef="USD" decimals="-5"> 7500000 </us-gaap:ProceedsFromDivestitureOfBusinesses> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment id="ProceedsFromSaleOfPropertyPlantAndEquipment.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment id="ProceedsFromSaleOfPropertyPlantAndEquipment.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment id="ProceedsFromSaleOfPropertyPlantAndEquipment.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 17400 </us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets id="ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 8300000 </us-gaap:ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets id="ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets.127.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets id="ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock id="PropertyPlantAndEquipmentDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>4. Property and Equipment</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Property and equipment is summarized as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="290"> </td> <td width="19"> </td> <td width="9"> </td> <td width="108"> </td> <td width="19"> </td> <td width="9"> </td> <td width="110"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="120" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>April 30, 2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Computer equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">236,583</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">242,446</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">86,499</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">85,727</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Software</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">79,061</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">81,813</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Leasehold improvements</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">9,977</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">15,077</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">412,120</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">425,063</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="290"> <p style="MARGIN: 0px">Less: accumulated depreciation and amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">(392,634</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="19"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">(371,512</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="290"> <p style="MARGIN: 0px">Property and equipment, net</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="108"> <p style="MARGIN: 0px; text-align: right">19,486</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="19"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="110"> <p style="MARGIN: 0px; text-align: right">53,551</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Depreciation expense for property and equipment for the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012 was $33,755, $71,608 and $222,687, respectively.</p> <!--EndFragment--></div> </div> </us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.129.1163.4261.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1163.4261.0.0.0.0" unitRef="USD" decimals="0"> 236583 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.130.1163.4261.0.0.0.0" contextRef="as-of-2013-04-30.130.0.1163.4261.0.0.0.0" unitRef="USD" decimals="0"> 242446 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.129.2395.4261.0.0.0.0" contextRef="as-of-2013-12-31.129.0.2395.4261.0.0.0.0" unitRef="USD" decimals="0"> 86499 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.130.2395.4261.0.0.0.0" contextRef="as-of-2013-04-30.130.0.2395.4261.0.0.0.0" unitRef="USD" decimals="0"> 85727 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.129.3017.4261.0.0.0.0" contextRef="as-of-2013-12-31.129.0.3017.4261.0.0.0.0" unitRef="USD" decimals="0"> 9977 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.130.3017.4261.0.0.0.0" contextRef="as-of-2013-04-30.130.0.3017.4261.0.0.0.0" unitRef="USD" decimals="0"> 15077 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.129.5071.4261.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5071.4261.0.0.0.0" unitRef="USD" decimals="0"> 79061 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.130.5071.4261.0.0.0.0" contextRef="as-of-2013-04-30.130.0.5071.4261.0.0.0.0" unitRef="USD" decimals="0"> 81813 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 412120 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentGross id="PropertyPlantAndEquipmentGross.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 425063 </us-gaap:PropertyPlantAndEquipmentGross> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentImpairment id="PropertyPlantAndEquipmentImpairment.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Property and Equipment</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="273"> </td> <td width="86"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Office furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">5 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer software packages</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Capitalized software development</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Leasehold improvements</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Expenditures for maintenance and repairs which do not materially extend the useful lives of property and equipment are charged to operations. When property or equipment is sold or otherwise disposed of, the cost and related accumulated depreciation are removed from the respective accounts with the resulting gain or loss reflected in operations. Management periodically reviews the carrying value of its property and equipment for impairment. The property and equipment had not incurred any impairment loss at December 31, 2013.</p> <!--EndFragment--></div> </div> </us-gaap:PropertyPlantAndEquipmentImpairment> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentNet id="PropertyPlantAndEquipmentNet.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 19486 </us-gaap:PropertyPlantAndEquipmentNet> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentNet id="PropertyPlantAndEquipmentNet.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 53551 </us-gaap:PropertyPlantAndEquipmentNet> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentNet id="PropertyPlantAndEquipmentNet.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 83582 </us-gaap:PropertyPlantAndEquipmentNet> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentPolicyTextBlock id="PropertyPlantAndEquipmentPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><strong>Long-Lived Assets</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for its long-lived assets in accordance with ASC 360. The Company's primary long-lived assets are property and equipment. ASC 360 requires a company to assess the recoverability of its long-lived assets whenever events and circumstances indicate the carrying value of an asset or asset group may not be recoverable from estimated future cash flows expected to result from its use and eventual disposition. Management reviews its long-lived assets annually and concluded that, as of April 30, 2013, due to negative cash flows and the continuing deterioration of market conditions in the for-profit education space, the goodwill associated with Enversa had become permanently impaired. Accordingly, the Company recorded a charge to earnings totaling $554,986 to impair Enversa's goodwill. Management does not believe its fixed assets are impaired.</p> <!--EndFragment--></div> </div> </us-gaap:PropertyPlantAndEquipmentPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentTextBlock id="PropertyPlantAndEquipmentTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="273"> </td> <td width="86"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Office furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">5 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer software packages</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Capitalized software development</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Leasehold improvements</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:PropertyPlantAndEquipmentTextBlock> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentUsefulLife id="PropertyPlantAndEquipmentUsefulLife.126.1163.4261.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.1163.4261.0.0.0.0"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentUsefulLife id="PropertyPlantAndEquipmentUsefulLife.126.2395.4261.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.2395.4261.0.0.0.0"> P5Y </us-gaap:PropertyPlantAndEquipmentUsefulLife> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentUsefulLife id="PropertyPlantAndEquipmentUsefulLife.126.5071.4261.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.5071.4261.0.0.0.0"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentUsefulLife id="PropertyPlantAndEquipmentUsefulLife.126.5070.4261.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.5070.4261.0.0.0.0"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife> | |||||||||||||||||||||
| <us-gaap:PropertyPlantAndEquipmentUsefulLife id="PropertyPlantAndEquipmentUsefulLife.126.3017.4261.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.3017.4261.0.0.0.0"> P3Y </us-gaap:PropertyPlantAndEquipmentUsefulLife> | |||||||||||||||||||||
| <us-gaap:ProvisionForDoubtfulAccounts id="ProvisionForDoubtfulAccounts.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 41538 </us-gaap:ProvisionForDoubtfulAccounts> | |||||||||||||||||||||
| <us-gaap:ProvisionForDoubtfulAccounts id="ProvisionForDoubtfulAccounts.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 162560 </us-gaap:ProvisionForDoubtfulAccounts> | |||||||||||||||||||||
| <us-gaap:ProvisionForDoubtfulAccounts id="ProvisionForDoubtfulAccounts.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 253227 </us-gaap:ProvisionForDoubtfulAccounts> | |||||||||||||||||||||
| <us-gaap:ReceivablesPolicyTextBlock id="ReceivablesPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> <strong>Receivables</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Accounts receivable include uncollateralized customer obligations due under normal trade terms requiring payment within 30-60 days from invoice date. Payments of accounts receivable are allocated to the specific invoices identified on the customer's remittance advice or, if unspecified, are applied to the earliest unpaid invoices.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The carrying amount of accounts receivable is reduced by a valuation allowance for doubtful accounts that reflects management's best estimate of the amounts that will not be collected based on historical collection trends. The allowance for doubtful accounts was $44,574 and $61,349 as of December 31, 2013 and April 30, 2013, respectively.</p> <!--EndFragment--></div> </div> </us-gaap:ReceivablesPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:RelatedPartyTransactionsDisclosureTextBlock id="RelatedPartyTransactionsDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>11. Related Party Transactions</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">As part of the Company's 2008 acquisition of Enversa, the Company borrowed $1,500,000 from Internet University, Inc., Marc Blumberg and Marc Pickren (collectively, the "Enversa Sellers"). Mr. Blumberg is a member of the Company's Board of Director as well as the former president of Internet University, Inc. and Mr. Pickren was the President of the Company. On October 31, 2012, the Company settled the Tier 4 Junior Notes in their entirety via the conversion to shares of the Company's common stock. The outstanding principal balances on the notes themselves, as well as any outstanding accrued interest, were converted at the rate of $0.15/share. Accordingly, the Tier 4 Junior Notes had no outstanding balances at December 31, 2013. The Company recorded interest of $0, $69,726 and $161,999 on these notes during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively. </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">As part of the February 23, 2009 Woodland Acquisition, the Company borrowed $1,900,000 from IU Investments LLC (the "Tier 3 Junior Note"). IU Investments, LLC is an entity owned by the immediate family members of the Company's Chief Executive Officer. The outstanding portion of this note along with its accrued interest was settled in its entirety on September 30, 2013. Accordingly, the Tier 3 Junior Note had no outstanding balance at December 31, 2013. The Company recorded interest of $26,105, $57,992 and $55,073 on this facility during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On March 30, 2011, the Company entered into a subordinated $1,500,000 promissory note with IU Holdings, LP ("IUH") (the "Tier 2 Junior Note"). As additional consideration to induce the Tier 2 Junior Lender to enter into this Promissory Note, the Company issued the Tier 2 Junior Lender, 48,414,132 shares of CornerWorld Corporation common stock. IUH is a partnership whose limited partners include the immediate family members of the Company's Chief Executive Officer. Steve Toback, the uncle of the Company's Chief Executive Officer, served as the manager of IU Holdings, GP, LLC, which is the general partner of IUH. The outstanding portion of this note along with its accrued interest was settled in its entirety on September 30, 2013. Accordingly, the Tier 2 Junior Note had no outstanding balance at December 31, 2013. The Company recorded interest expenses of $73,006, $162,314 and $160,521 on this facility during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On March 30, 2011, the Company entered into a subordinated $400,000 promissory note (the "Tier 5 Junior Note") with Internet University (the "Tier 5 Junior Lender"). As additional consideration to induce the Tier 5 Junior Lender to enter into this Promissory Note, the Company issued the Tier 5 Junior Lender, 12,910,435 shares of CornerWorld Corporation common stock. The outstanding portion of this note along with its accrued interest was settled in its entirety on September 30, 2013. Accordingly, the Tier 5 Junior Note had no outstanding balance at December 31, 2013. The Company recorded interest expenses of $1,342, $19,639 and $37,027 on this facility during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On March 30, 2011, the Company entered into a subordinated $389,942 promissory note (the "Tier 7 Junior Note") with Scott N. Beck, the Company's Chief Executive Officer. Principal under the Tier 7 Junior Note is payable in monthly installments of $12,746 until such point as the Tier 7 Junior Note matures on July 31, 2016. The Company amended this note on October 31, 2013 such that principle payments were deferred until May 31, 2014, the interest rate was reduced to 6.25% and interest on the outstanding principal amount under the Tier 7 Junior Note is payable at the Company's choosing. As additional consideration to induce Mr. Beck to enter into this Promissory Note, the Company issued Mr. Beck 12,585,802 shares of CornerWorld Corporation Common stock. The Tier 7 Junior Note consists primarily of prior accounts payable and accrued bonuses. The Company recorded interest of $24,186, $36,685 and $34,631 on this facility during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively. The balance of this note totaled $338,958 at December 31, 2013.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company is party to a lease agreement with 13101 Preston Road, LP pursuant to which it leases office space for its corporate headquarters. The limited partners of 13101 Preston Road, LP are trusts created by the father of the Company's Chief Executive Officer. The lease is for five years with minimum future rentals of $30,700 in the next fiscal year, followed by $31,900 and $13,500 in the final year. The Company paid $20,000, $106,692 and $199,820 in rent during the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012, respectively. The Company also has a $20,000 deposit on the space for this lease.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company provides accounting, human resources and certain IT services to an entity controlled by the family of the Company's Chief Executive Officer for $5,000 per month. The Company received $40,000, $60,000 and $5,000 from this entity during the eight-month period ended December 31, 2013 and the years ended April 30, 2013 and 2012, respectively.</p> <!--EndFragment--></div> </div> </us-gaap:RelatedPartyTransactionsDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfLongTermCapitalLeaseObligations id="RepaymentsOfLongTermCapitalLeaseObligations.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 384 </us-gaap:RepaymentsOfLongTermCapitalLeaseObligations> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfLongTermDebt id="RepaymentsOfLongTermDebt.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4791316 </us-gaap:RepaymentsOfLongTermDebt> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfLongTermDebt id="RepaymentsOfLongTermDebt.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1160000 </us-gaap:RepaymentsOfLongTermDebt> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfLongTermDebt id="RepaymentsOfLongTermDebt.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 518495 </us-gaap:RepaymentsOfLongTermDebt> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfRelatedPartyDebt id="RepaymentsOfRelatedPartyDebt.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 2037915 </us-gaap:RepaymentsOfRelatedPartyDebt> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfRelatedPartyDebt id="RepaymentsOfRelatedPartyDebt.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 290000 </us-gaap:RepaymentsOfRelatedPartyDebt> | |||||||||||||||||||||
| <us-gaap:RepaymentsOfRelatedPartyDebt id="RepaymentsOfRelatedPartyDebt.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 195489 </us-gaap:RepaymentsOfRelatedPartyDebt> | |||||||||||||||||||||
| <us-gaap:RetainedEarningsAccumulatedDeficit id="RetainedEarningsAccumulatedDeficit.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -11775774 </us-gaap:RetainedEarningsAccumulatedDeficit> | |||||||||||||||||||||
| <us-gaap:RetainedEarningsAccumulatedDeficit id="RetainedEarningsAccumulatedDeficit.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -14360008 </us-gaap:RetainedEarningsAccumulatedDeficit> | |||||||||||||||||||||
| <us-gaap:RevenueRecognitionPolicyTextBlock id="RevenueRecognitionPolicyTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Revenue Recognition</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company recognizes revenue in accordance with Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in Financial Statements," as revised by SAB 104. As such, the Company recognizes revenue when persuasive evidence of an arrangement exists, title transfer has occurred, the price is fixed or readily determinable and collectability is probable. Sales are recorded net of sales discounts.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">At Enversa, revenue is recognized along with the related cost of revenue as leads are delivered. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. Amounts billed to clients in advance of delivery of leads are classified under current liabilities as deferred revenue. In addition, revenue is recognized monthly as SEO services are provided or in the form of revenues from domain leases.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">For Woodland, the majority of revenue is derived from month-to-month, bundled service contracts for the phone and internet services used by each customer. Revenue is recognized as the services are provided.</p> <!--EndFragment--></div> </div> </us-gaap:RevenueRecognitionPolicyTextBlock> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 673954 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1925734 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4538714 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.281.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2012-12-31.281.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 1508517 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.126.21523.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 592756 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.127.21523.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 1749491 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.128.21523.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21523.5116.0.0.0.0" unitRef="USD" decimals="0"> 4311811 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.126.21495.5116.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 81198 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.127.21495.5116.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 176243 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.128.21495.5116.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.21495.5116.0.0.0.0" unitRef="USD" decimals="0"> 226903 </us-gaap:Revenues> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.126.1261.5116.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.1261.5116.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.127.1261.5116.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.1261.5116.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:Revenues id="Revenues.128.1261.5116.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.1261.5116.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:SalesRevenueServicesGross id="SalesRevenueServicesGross.126.2595.4511.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.2595.4511.0.0.0.0" unitRef="USD" decimals="0"> 40000 </us-gaap:SalesRevenueServicesGross> | |||||||||||||||||||||
| <us-gaap:SalesRevenueServicesGross id="SalesRevenueServicesGross.127.2595.4511.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.2595.4511.0.0.0.0" unitRef="USD" decimals="0"> 60000 </us-gaap:SalesRevenueServicesGross> | |||||||||||||||||||||
| <us-gaap:SalesRevenueServicesGross id="SalesRevenueServicesGross.128.2595.4511.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.2595.4511.0.0.0.0" unitRef="USD" decimals="0"> 5000 </us-gaap:SalesRevenueServicesGross> | |||||||||||||||||||||
| <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock id="ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The Company's income tax provision is summarized below:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="211"> </td> <td width="12"> </td> <td width="11"> </td> <td width="86"> </td> <td width="12"> </td> <td width="11"> </td> <td width="77"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Income tax expense (benefit):</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88" colspan="2"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Federal - current</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(534,014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(50,699</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Federal - deferred</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">1,415,119</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px double; MARGIN-TOP: 0px" valign="bottom" width="12"> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(219,635</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px double; MARGIN-TOP: 0px" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">881,105</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">(270,334</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Less: valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">881,105</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">270,334</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="77"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfDebtInstrumentsTextBlock id="ScheduleOfDebtInstrumentsTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 501px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 77px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 13px"> </td> <td style="WIDTH: 77px"> </td> <td style="WIDTH: 13px"> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>As of</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>December 31,<br /> 2013</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>April 30,<br /> 2013</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px"><strong>Long-term Debt</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Notes payable to Emerald Crest Capital (the "Senior Lender"). These notes were collateralized by all assets of the Company. The notes and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">3,700,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable IU Holdings, LP. This note was collateralized by all assets of the Company save for the Ranger patent. See also note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">1,500,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to IU Investments, LLC. This note was collateralized by all assets of the Company save for the Ranger patent. See also note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">527,915</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Internet University, Inc. This note was collateralized by all assets of the Company save for the Ranger patent. See also Note 8, Related Party Transactions. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">10,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Ned B. Timmer. This note was collateralized by all assets of Woodland Holdings, Corporation, including the Ranger patent. The note and all accrued interest were settled in full as a result of the divestiture of Ranger.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">1,440,000</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to CEO; the note matures July 31, 2016. At December 31, 2013, the interest rate was 6.25%. This note is collateralized by all assets of the Company save for the Ranger patent. See also Note 8, Related Party Transactions.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="TEXT-ALIGN: justify; MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px"> Note payable to Kelly Larabee Morlan; the note matures December 31, 2013. The note and all accrued interest have been settled in full.</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right"><strong>-</strong></p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">16,316</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Total debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">7,533,189</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Less current portion of long-term debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">(101,968</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">)</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px; text-align: right">(4,352,979</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px 0px 0px 13px; TEXT-INDENT: -13px">Non-current portion of long-term debt</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">236,990</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px">$</p> </td> <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="MARGIN: 0px; text-align: right">3,180,210</p> </td> <td style="VERTICAL-ALIGN: bottom; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfDebtInstrumentsTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px; TEXT-INDENT: 48px">The components of the deferred tax asset are as follows:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="211"> </td> <td width="12"> </td> <td width="11"> </td> <td width="86"> </td> <td width="12"> </td> <td width="11"> </td> <td width="76"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Deferred tax assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Net operating loss carryforwards</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">1,458,542</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">864,042</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">423,733</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">1,113,051</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Merger & acquisition fees</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">465,076</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Stock compensation expense</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">1,952,714</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">1,947,009</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Other deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">155,736</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">305,144</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Other deferred tax liabilities</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(10,645</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">(23,497</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Total deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="TEXT-ALIGN: right; MARGIN: 0px">3,980,080</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">4,670,825</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="211"> <p style="MARGIN: 0px">Valuation allowance</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(3,980,080</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="12"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">(4,670,825</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="211"> <p style="MARGIN: 0px">Net deferred tax assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="11"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="76"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes consists of the following:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="224"> </td> <td width="97"> </td> <td width="13"> </td> <td width="87"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: center"><strong>Year Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="224"> <p style="MARGIN: 0px">Federal statutory rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px">Effect of:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="224"> <p style="MARGIN: 0px 0px 0px 12px">Valuation allowance</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">(34.00%</p> </td> <td style="BORDER-BOTTOM: #ffffff 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(34.00%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="224"> <p style="MARGIN: 0px">Effective income tax rate</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: right">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock id="ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="MARGIN: 0px; TEXT-INDENT: 48px">Future minimum lease payments under non-cancelable leases are as follows:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="151"> </td> <td width="10"> </td> <td width="78"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px"><strong><u>As of December 31</u></strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="151"> <p style="MARGIN: 0px">2014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">43,059</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px">2015</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">34,577</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="151"> <p style="MARGIN: 0px">2016</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">13,500</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="151"> <p style="MARGIN: 0px">Total lease payments</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="78"> <p style="MARGIN: 0px; text-align: right">91,136</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock id="ScheduleOfMaturitiesOfLongTermDebtTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Future minimum principal payments pursuant to the above long term debt agreements are as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="151"> </td> <td width="9"> </td> <td width="78"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px"><strong><u>As of December 31</u></strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="151"> <p style="MARGIN: 0px">2014</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">101,968</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px">2015</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">152,952</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="151"> <p style="MARGIN: 0px">2016</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="9"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">84,038</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="151"> <p style="MARGIN: 0px">Total</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="9"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="78"> <p style="MARGIN: 0px; text-align: right">338,958</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock id="ScheduleOfSegmentReportingInformationBySegmentTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company operates in three integrated business segments: (i) marketing services, (ii) communications services and (iii) Corporate, formerly, on-line media networks:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="355"> </td> <td width="13"> </td> <td width="10"> </td> <td width="88"> </td> <td width="27"> </td> <td width="10"> </td> <td width="79"> </td> <td width="28"> </td> <td width="10"> </td> <td width="87"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="98" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="214" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended April 30,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="98" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="89" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px">Net sales:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">592,756</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">1,749,491</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">4,311,811</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">81,198</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">176,243</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">226,903</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total net sales</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">673,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">1,925,734</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">4,538,714</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px">Income (loss) from continuing operations before income taxes:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">1,770</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">554,997</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(104,303</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(162,887</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px">) </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(410,939</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px">) </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">30,294</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(581,760</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(2,907,342</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(2,671,235</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total loss from continuing operations before income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(742,877</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(2,763,284</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(2,745,244</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px">Depreciation and amortization included in operating income:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">3,368</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">6,183</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">117,104</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">10,474</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">18,398</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">44,513</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">19,913</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">47,027</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">61,070</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total depreciation and amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">33,755</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">71,608</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">222,687</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px">Total assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">172,617</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">179,722</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">491,889</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">133,978</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">7,709,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">9,129,572</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">871,066</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">76,713</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">763,191</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total segment identifiable assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">7,966,033</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">10,384,652</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfShareBasedCompensationActivityTableTextBlock id="ScheduleOfShareBasedCompensationActivityTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">A summary of activity under the Stock Plans and changes during the eight month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012 is presented below:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="235"> </td> <td width="10"> </td> <td width="10"> </td> <td width="67"> </td> <td width="22"> </td> <td width="10"> </td> <td width="56"> </td> <td width="16"> </td> <td width="11"> </td> <td width="65"> </td> <td width="13"> </td> <td width="12"> </td> <td width="60"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="344" colspan="11"> <p style="MARGIN: 0px; text-align: center"> <strong>Weighted-Average</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="77" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Shares</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="66" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="76" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Remaining Contractual Term (Years)</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="72" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Aggregate Intrinsic Value</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at May 1, 2011</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,520,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.35</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">3.36</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">1,130,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.29</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(679,999</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Exercised</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(60,001</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,910,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.35</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">3.12</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">44,600</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">30,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.29</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(695,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">2,245,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.38</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.49</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Cancelled/forfeited</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">(1,605,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.44</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Outstanding at December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">640,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.22</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.63</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="235"> <p style="MARGIN: 0px">Options vested and expected to vest</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">640,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.22</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.63</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="235"> <p style="MARGIN: 0px">Options exercisable at end of period</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="67"> <p style="MARGIN: 0px; text-align: right">500,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="22"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="56"> <p style="MARGIN: 0px; text-align: right">0.21</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="65"> <p style="MARGIN: 0px; text-align: right">1.39</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="60"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfShareBasedCompensationActivityTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock id="ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The fair value of options granted was estimated using the following weighted-average assumptions:</p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="216"> </td> <td width="95"> </td> <td width="95"> </td> <td width="97"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center"><strong>For the<br /> Eight-month<br /> Period Ended<br /> December 31,</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="192" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the Years Ended April 30,</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="216"> <p style="MARGIN: 0px"><strong> </strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="95"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="95"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="97"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="216"> <p style="MARGIN: 0px">Expected term (in years)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">- </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">5.0</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">5.0</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px">Expected volatility</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">100.0%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">100.0%</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="216"> <p style="MARGIN: 0px">Risk-free interest rate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">0.2%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">0.9%</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="216"> <p style="MARGIN: 0px">Dividend yield</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">-%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="95"> <p style="MARGIN: 0px; text-align: center">0.0%</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97"> <p style="MARGIN: 0px; text-align: center">0.0%</p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock> | |||||||||||||||||||||
| <us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock id="ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following summarizes the Company's warrant transactions for the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="314"> </td> <td width="10"> </td> <td width="13"> </td> <td width="86"> </td> <td width="24"> </td> <td width="12"> </td> <td width="105"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="99" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Number of Warrants</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Per Share</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding and exercisable, May 1, 2011</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">25,816,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.11</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Exercised</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(1,250,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding, April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">24,566,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.11</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Cancelled or Expired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(420,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">1.46</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding, April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">24,146,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.08</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Cancelled or Expired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(14,942,009</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.09</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,204,406</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.07</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="314"> </td> <td width="10"> </td> <td width="13"> </td> <td width="86"> </td> <td width="16"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">Weighted average fair value of warrants granted:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Year ended April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Year ended April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Eight-month period ended December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following table summarizes information about warrants outstanding as of December 31, 2013:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="168"> </td> <td width="24"> </td> <td width="11"> </td> <td width="86"> </td> <td width="24"> </td> <td width="12"> </td> <td width="106"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="239" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>Warrants Outstanding and Exercisable</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center"><strong>Range of Exercise Prices</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Number</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center">$0.00 - $0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">6,133,406</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="106"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center">$0.20 - $1.40</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">3,071,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="106"> <p style="MARGIN: 0px; text-align: right">0.21</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock> | |||||||||||||||||||||
| <us-gaap:SegmentReportingDisclosureTextBlock id="SegmentReportingDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>10. Segment Reporting</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company operates in three integrated business segments: (i) marketing services, (ii) communications services and (iii) Corporate, formerly, on-line media networks:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 1pt"> <td width="355"> </td> <td width="13"> </td> <td width="10"> </td> <td width="88"> </td> <td width="27"> </td> <td width="10"> </td> <td width="79"> </td> <td width="28"> </td> <td width="10"> </td> <td width="87"> </td> <td width="10"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="98" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>For the</strong></p> <p style="MARGIN: 0px; text-align: center"> <strong>Eight-month</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Period Ended</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>December 31,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="214" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>For the Year Ended April 30,</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="98" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="89" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2013</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>2012</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px">Net sales:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">592,756</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">1,749,491</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">4,311,811</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">81,198</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">176,243</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">226,903</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total net sales</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">673,954</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">1,925,734</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">4,538,714</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px">Income (loss) from continuing operations before income taxes:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">1,770</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">554,997</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(104,303</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(162,887</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px">) </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(410,939</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px">) </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">30,294</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(581,760</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(2,907,342</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(2,671,235</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total loss from continuing operations before income taxes</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">(742,877</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">(2,763,284</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px">)</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">(2,745,244</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">)</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px">Depreciation and amortization included in operating income:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">3,368</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">6,183</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">117,104</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">10,474</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">18,398</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">44,513</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">19,913</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">47,027</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">61,070</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total depreciation and amortization</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">33,755</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">71,608</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">222,687</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px">Total assets:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Marketing Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">172,617</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">179,722</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">491,889</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Communications Services</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">133,978</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">7,709,598</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">9,129,572</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 11px">Corporate</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">871,066</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">76,713</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">763,191</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="355"> <p style="MARGIN: 0px 0px 0px 24px">Total segment identifiable assets</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="88"> <p style="MARGIN: 0px; text-align: right">1,177,661</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="27"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="79"> <p style="MARGIN: 0px; text-align: right">7,966,033</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="28"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="87"> <p style="MARGIN: 0px; text-align: right">10,384,652</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> There were no material intersegment sales. Operating income is defined as third party sales less operating expenses. All of the Company's business activities are conducted within the United States geographic boundaries.</p> <!--EndFragment--></div> </div> </us-gaap:SegmentReportingDisclosureTextBlock> | |||||||||||||||||||||
| <us-gaap:SellingGeneralAndAdministrativeExpense id="SellingGeneralAndAdministrativeExpense.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 826388 </us-gaap:SellingGeneralAndAdministrativeExpense> | |||||||||||||||||||||
| <us-gaap:SellingGeneralAndAdministrativeExpense id="SellingGeneralAndAdministrativeExpense.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 3102555 </us-gaap:SellingGeneralAndAdministrativeExpense> | |||||||||||||||||||||
| <us-gaap:SellingGeneralAndAdministrativeExpense id="SellingGeneralAndAdministrativeExpense.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 4894519 </us-gaap:SellingGeneralAndAdministrativeExpense> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensation id="ShareBasedCompensation.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 16779 </us-gaap:ShareBasedCompensation> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensation id="ShareBasedCompensation.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 164071 </us-gaap:ShareBasedCompensation> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensation id="ShareBasedCompensation.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 158514 </us-gaap:ShareBasedCompensation> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 id="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1.126.21518.4024.3361.4349.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.21518.4024.3361.4349.0.0"> P5Y </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1 id="ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1.126.5132.4024.3361.4349.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.5132.4024.3361.4349.0.0"> P5Y </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue.126.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue.127.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue.128.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.5496.1048.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" decimals="0"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="pure" decimals="0"> 0 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0"> P5Y </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0"> P5Y </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" decimals="0"> 1 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="pure" decimals="0"> 1 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="pure" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="pure" decimals="3"> 0.002 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="pure" decimals="3"> 0.009 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised.255.5161.5163.0.0.0.0" contextRef="from-2014-02-04-to-2014-03-04.255.0.5161.5163.0.0.0.0" unitRef="shares" decimals="0"> 6133406 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised.128.5496.1048.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 1250000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations.126.5496.1048.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 14942009 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations.127.5496.1048.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 420000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted.126.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.5496.1048.0.0.0.0" unitRef="shares" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted.127.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2012-05-01-to-2013-04-30.127.0.5496.1048.0.0.0.0" unitRef="shares" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted.128.5496.1048.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.5496.1048.0.0.0.0" unitRef="shares" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.129.5496.1048.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 9204406 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.130.5496.1048.0.0.0.0" contextRef="as-of-2013-04-30.130.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 24146415 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.131.5496.1048.0.0.0.0" contextRef="as-of-2012-04-30.131.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 24566415 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.132.5496.1048.0.0.0.0" contextRef="as-of-2011-04-30.132.0.5496.1048.0.0.0.0" unitRef="shares" decimals="0"> 25816415 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.129.21545.21514.5496.1048.0.0" contextRef="as-of-2013-12-31.129.0.21545.21514.5496.1048.0.0" unitRef="shares" decimals="0"> 6133406 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber.129.21546.21514.5496.1048.0.0" contextRef="as-of-2013-12-31.129.0.21546.21514.5496.1048.0.0" unitRef="shares" decimals="0"> 3071000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized.129.21518.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21518.4024.0.0.0.0" unitRef="shares" decimals="0"> 4000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized.129.5132.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5132.4024.0.0.0.0" unitRef="shares" decimals="0"> 4000000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant.129.21518.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21518.4024.0.0.0.0" unitRef="shares" decimals="0"> 3435000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant.129.5132.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5132.4024.0.0.0.0" unitRef="shares" decimals="0"> 3925000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant id="ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 7360000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 500000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.21 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> P1Y4M21D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 1605000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 695000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 679999 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.44 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.20 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.20 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="shares" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 30000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 1130000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue.130.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 44600 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue.132.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2011-04-30.132.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 640000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 2245000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 2910000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.132.0.0.0.0.0.0" contextRef="as-of-2011-04-30.132.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 2520000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.129.21518.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.21518.4024.0.0.0.0" unitRef="shares" decimals="0"> 565000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber.129.5132.4024.0.0.0.0" contextRef="as-of-2013-12-31.129.0.5132.4024.0.0.0.0" unitRef="shares" decimals="0"> 75000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.22 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.38 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.35 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice.132.0.0.0.0.0.0" contextRef="as-of-2011-04-30.132.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.35 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> P1Y7M17D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0"> P1Y5M27D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0"> P3Y1M13D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2.282.0.0.0.0.0.0" contextRef="from-2010-05-01-to-2011-04-30.282.0.0.0.0.0.0.0"> P3Y4M10D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue.129.0.0.0.0.0.0" xsi:nil="true" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="shares" decimals="0"> 640000 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice id="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.22 </us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1 id="SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> P1Y7M17D </us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.20 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice.126.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0" unitRef="USD_per_share" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice.127.0.0.0.0.0.0" contextRef="from-2012-05-01-to-2013-04-30.127.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.29 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice id="ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice.128.0.0.0.0.0.0" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD_per_share" decimals="2"> 0.29 </us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice> | |||||||||||||||||||||
| <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy id="ShareBasedCompensationOptionAndIncentivePlansPolicy.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Stock-Based Compensation</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for awards made under its two stock-based compensation plans pursuant to the fair value provisions of ASC No. 718. ASC No. 718 requires the recognition of stock-based compensation expense, using a fair-value based method, for costs related to all share-based payments including stock options. ASC No. 718 requires companies to estimate the fair value of share-based payment awards on the date of grant using an option-pricing model. The Company accounts for stock-based compensation in accordance with ASC No. 718 and estimates its fair value based on using the Black-Scholes option pricing model.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company's determination of fair value of share-based payment awards is made as of their respective dates of grant using that option pricing model and is affected by the Company's stock price as well as a number of subjective assumptions. These variables include, but are not limited to, the Company's expected stock price volatility over the term of the awards and actual and projected employee stock option exercise behavior. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the pricing term of the grant effective as of the date of the grant. The expected volatility is based on comparable companies. These factors could change in the future, affecting the determination of stock based compensation expense in future periods. The Black-Scholes option pricing model was developed for use in estimating the value of traded options that have no vesting or hedging restrictions and are fully transferable. Because the Company's options have certain characteristics that are significantly different from traded options, the existing valuation models may not provide an accurate measure of the fair value of the Company's options. Although the fair value of the Company's options is determined in accordance with ASC No. 718 using an option-pricing model, that value may not be indicative of the fair value observed in a willing buyer/willing seller market transaction. The calculated compensation cost is recognized on a straight-line basis over the vesting period of the options. See also Note 7 Stock Based Compensation, for more details.</p> <!--EndFragment--></div> </div> </us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy> | |||||||||||||||||||||
| <us-gaap:SharesOutstanding id="SharesOutstanding.129.1115.5114.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1115.5114.0.0.0.0" unitRef="shares" decimals="0"> 156813704 </us-gaap:SharesOutstanding> | |||||||||||||||||||||
| <us-gaap:SharesOutstanding id="SharesOutstanding.130.1115.5114.0.0.0.0" contextRef="as-of-2013-04-30.130.0.1115.5114.0.0.0.0" unitRef="shares" decimals="0"> 157313704 </us-gaap:SharesOutstanding> | |||||||||||||||||||||
| <us-gaap:SharesOutstanding id="SharesOutstanding.131.1115.5114.0.0.0.0" contextRef="as-of-2012-04-30.131.0.1115.5114.0.0.0.0" unitRef="shares" decimals="0"> 147547607 </us-gaap:SharesOutstanding> | |||||||||||||||||||||
| <us-gaap:SharesOutstanding id="SharesOutstanding.132.1115.5114.0.0.0.0" contextRef="as-of-2011-04-30.132.0.1115.5114.0.0.0.0" unitRef="shares" decimals="0"> 146972901 </us-gaap:SharesOutstanding> | |||||||||||||||||||||
| <us-gaap:SignificantAccountingPoliciesTextBlock id="SignificantAccountingPoliciesTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>2. Summary of Significant Accounting Policies</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">This summary of significant accounting policies is presented to assist in understanding the Company's consolidated financial statements. The consolidated financial statements and notes are representations of the Company's management who is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles ("GAAP") in the United States of America and have been consistently applied in the preparation of the consolidated financial statements. The consolidated financial statements are stated in United States of America dollars.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> <strong>Receivables</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Accounts receivable include uncollateralized customer obligations due under normal trade terms requiring payment within 30-60 days from invoice date. Payments of accounts receivable are allocated to the specific invoices identified on the customer's remittance advice or, if unspecified, are applied to the earliest unpaid invoices.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The carrying amount of accounts receivable is reduced by a valuation allowance for doubtful accounts that reflects management's best estimate of the amounts that will not be collected based on historical collection trends. The allowance for doubtful accounts was $44,574 and $61,349 as of December 31, 2013 and April 30, 2013, respectively.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Fair Value of Financial Instruments</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">ASC No. 850 requires disclosure of fair value information about financial instruments when it is practicable to estimate that value. The carrying amount of the Company's cash and cash equivalents, accounts receivable, accounts receivable-related party, accounts payable, accounts payable-related party and accrued liabilities approximate their estimated fair values due to their short-term maturities. Notes payable are carried at their face value net of their issuance costs which management believes is a reasonable approximation for their fair value. Warrants with put features are carried at their minimum cash put value discounted for the time value of money. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these consolidated financial statements.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Income Taxes</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for income taxes in accordance with ASC No. 740 which requires the use of the asset and liability method of accounting of income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the consolidated financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Basic and Diluted Earnings (Loss) Per Share</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">In accordance with ASC 260, basic earnings (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings (loss) per share, if any, is computed similar to basic earnings (loss) per share except that the denominator is adjusted for the potential dilution that could occur if stock options, warrants, and other convertible securities were exercised or converted into common stock.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Revenue Recognition</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company recognizes revenue in accordance with Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in Financial Statements," as revised by SAB 104. As such, the Company recognizes revenue when persuasive evidence of an arrangement exists, title transfer has occurred, the price is fixed or readily determinable and collectability is probable. Sales are recorded net of sales discounts.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">At Enversa, revenue is recognized along with the related cost of revenue as leads are delivered. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. Amounts billed to clients in advance of delivery of leads are classified under current liabilities as deferred revenue. In addition, revenue is recognized monthly as SEO services are provided or in the form of revenues from domain leases.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">For Woodland, the majority of revenue is derived from month-to-month, bundled service contracts for the phone and internet services used by each customer. Revenue is recognized as the services are provided.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Use of Estimates</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The preparation of the Company's consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Cash and Cash Equivalents</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company considers all highly liquid debt instruments with an original maturity of three (3) months or less to be cash equivalents.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Property and Equipment</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Property and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method as follows:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="273"> </td> <td width="86"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer equipment</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Office furniture</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">5 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Computer software packages</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Capitalized software development</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="273"> <p style="TEXT-ALIGN: justify; MARGIN: 0px">Leasehold improvements</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="top" width="86"> <p style="MARGIN: 0px; text-align: right">3 years</p> </td> </tr> </table> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Expenditures for maintenance and repairs which do not materially extend the useful lives of property and equipment are charged to operations. When property or equipment is sold or otherwise disposed of, the cost and related accumulated depreciation are removed from the respective accounts with the resulting gain or loss reflected in operations. Management periodically reviews the carrying value of its property and equipment for impairment. The property and equipment had not incurred any impairment loss at December 31, 2013.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Long-Lived Assets</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for its long-lived assets in accordance with ASC 360. The Company's primary long-lived assets are property and equipment. ASC 360 requires a company to assess the recoverability of its long-lived assets whenever events and circumstances indicate the carrying value of an asset or asset group may not be recoverable from estimated future cash flows expected to result from its use and eventual disposition. Management reviews its long-lived assets annually and concluded that, as of April 30, 2013, due to negative cash flows and the continuing deterioration of market conditions in the for-profit education space, the goodwill associated with Enversa had become permanently impaired. Accordingly, the Company recorded a charge to earnings totaling $554,986 to impair Enversa's goodwill. Management does not believe its fixed assets are impaired. </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Stock-Based Compensation</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company accounts for awards made under its two stock-based compensation plans pursuant to the fair value provisions of ASC No. 718. ASC No. 718 requires the recognition of stock-based compensation expense, using a fair-value based method, for costs related to all share-based payments including stock options. ASC No. 718 requires companies to estimate the fair value of share-based payment awards on the date of grant using an option-pricing model. The Company accounts for stock-based compensation in accordance with ASC No. 718 and estimates its fair value based on using the Black-Scholes option pricing model.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company's determination of fair value of share-based payment awards is made as of their respective dates of grant using that option pricing model and is affected by the Company's stock price as well as a number of subjective assumptions. These variables include, but are not limited to, the Company's expected stock price volatility over the term of the awards and actual and projected employee stock option exercise behavior. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the pricing term of the grant effective as of the date of the grant. The expected volatility is based on comparable companies. These factors could change in the future, affecting the determination of stock based compensation expense in future periods. The Black-Scholes option pricing model was developed for use in estimating the value of traded options that have no vesting or hedging restrictions and are fully transferable. Because the Company's options have certain characteristics that are significantly different from traded options, the existing valuation models may not provide an accurate measure of the fair value of the Company's options. Although the fair value of the Company's options is determined in accordance with ASC No. 718 using an option-pricing model, that value may not be indicative of the fair value observed in a willing buyer/willing seller market transaction. The calculated compensation cost is recognized on a straight-line basis over the vesting period of the options. See also Note 7 Stock Based Compensation, for more details.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Principles of Consolidation</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The accompanying consolidated financial statements include the accounts of CornerWorld Corporation, its wholly owned subsidiaries and entities determined to meet the definition of Variable Interest Entities. All significant intercompany transactions and balances have been eliminated in consolidation.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Concentrations of Cash and Cash Equivalents</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Federal Deposit Insurance Corporation (FDIC) currently insures accounts at each institution for up to $250,000. At times, cash balances may exceed the FDIC insurance limit of $250,000. At December 31, 2013 and April 30, 2013, the Company had $476,000 and $853,432, respectively, in excess of that which is insured by the FDIC.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>Recent Accounting Pronouncements</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> There were various accounting standards and interpretations issued during the eight-month period ended December 31, 2013, none of which are expected to have a material impact on the Company's consolidated financial position, operations, or cash flows.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><strong>Issuance of Stock for Non-Cash Consideration</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">All issuances of the Company's stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received, whichever is more readily determinable.</p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"> <strong>Reclassifications</strong></p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px"> Certain prior year accounts have been reclassified to conform to the current year's presentation.</p> <!--EndFragment--></div> </div> </us-gaap:SignificantAccountingPoliciesTextBlock> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.129.0.0.0.0.0.0" contextRef="as-of-2013-12-31.129.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> 182263 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.130.0.0.0.0.0.0" contextRef="as-of-2013-04-30.130.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2418750 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.131.0.0.0.0.0.0" contextRef="as-of-2012-04-30.131.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -2685503 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.132.0.0.0.0.0.0" contextRef="as-of-2011-04-30.132.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -738970 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.280.0.0.0.0.0.0" contextRef="as-of-2012-12-31.280.0.0.0.0.0.0.0" unitRef="USD" decimals="0"> -1370431 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.129.1115.5114.0.0.0.0" contextRef="as-of-2013-12-31.129.0.1115.5114.0.0.0.0" unitRef="USD" decimals="0"> 156813 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.130.1115.5114.0.0.0.0" contextRef="as-of-2013-04-30.130.0.1115.5114.0.0.0.0" unitRef="USD" decimals="0"> 157313 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.131.1115.5114.0.0.0.0" contextRef="as-of-2012-04-30.131.0.1115.5114.0.0.0.0" unitRef="USD" decimals="0"> 147547 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.132.1115.5114.0.0.0.0" contextRef="as-of-2011-04-30.132.0.1115.5114.0.0.0.0" unitRef="USD" decimals="0"> 146972 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.129.499.5114.0.0.0.0" contextRef="as-of-2013-12-31.129.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 11801224 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.130.499.5114.0.0.0.0" contextRef="as-of-2013-04-30.130.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 11783945 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.131.499.5114.0.0.0.0" contextRef="as-of-2012-04-30.131.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 10164724 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.132.499.5114.0.0.0.0" contextRef="as-of-2011-04-30.132.0.499.5114.0.0.0.0" unitRef="USD" decimals="0"> 10006785 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.129.4619.5114.0.0.0.0" contextRef="as-of-2013-12-31.129.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -11775774 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.130.4619.5114.0.0.0.0" contextRef="as-of-2013-04-30.130.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -14360008 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.131.4619.5114.0.0.0.0" contextRef="as-of-2012-04-30.131.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -12997774 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquity id="StockholdersEquity.132.4619.5114.0.0.0.0" contextRef="as-of-2011-04-30.132.0.4619.5114.0.0.0.0" unitRef="USD" decimals="0"> -10892727 </us-gaap:StockholdersEquity> | |||||||||||||||||||||
| <us-gaap:StockholdersEquityNoteDisclosureTextBlock id="StockholdersEquityNoteDisclosureTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>7. Equity</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>Preferred Stock</strong></p> <p style="MARGIN: 0px; text-align: center"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company's authorized preferred stock consists of 10,000,000 shares with a par value of $0.001 per share. There were no issued and outstanding preferred shares as of December 31, 2013.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"><strong>Common Stock</strong></p> <p style="MARGIN: 0px; text-align: center"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The Company's authorized common stock consists of 250,000,000 shares with a par value of $0.001 per share. As of December 31, 2013, 156,813,704 shares of common stock were issued and outstanding.</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On October 31, 2012, the Company issued 9,766,097 shares of common stock in exchange for retiring approximately $1,464,916 of debt and accrued interest. The outstanding principal balances on the notes converted, as well as any outstanding accrued interest, were converted at the rate of $0.15/share. </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px; text-align: center"> <strong>Warrants</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following summarizes the Company's warrant transactions for the eight-month period ended December 31, 2013 and the fiscal years ended April 30, 2013 and 2012:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="314"> </td> <td width="10"> </td> <td width="13"> </td> <td width="86"> </td> <td width="24"> </td> <td width="12"> </td> <td width="105"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="99" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Number of Warrants</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="117" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Per Share</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding and exercisable, May 1, 2011</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">25,816,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.11</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Exercised</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(1,250,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding, April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">24,566,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.11</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Cancelled or Expired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(420,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">1.46</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px">Outstanding, April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">24,146,415</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.08</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Granted</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Cancelled or Expired</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">(14,942,009</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px">)</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.09</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">9,204,406</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="105"> <p style="MARGIN: 0px; text-align: right">0.07</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="314"> </td> <td width="10"> </td> <td width="13"> </td> <td width="86"> </td> <td width="16"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px">Weighted average fair value of warrants granted:</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Year ended April 30, 2012</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Year ended April 30, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="314"> <p style="MARGIN: 0px; TEXT-INDENT: 11px">Eight-month period ended December 31, 2013</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="10"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="13"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="16"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">The following table summarizes information about warrants outstanding as of December 31, 2013:</p> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><br /> </p> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"> <tr style="FONT-SIZE: 1pt"> <td width="168"> </td> <td width="24"> </td> <td width="11"> </td> <td width="86"> </td> <td width="24"> </td> <td width="12"> </td> <td width="106"> </td> <td width="9"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="239" colspan="5"> <p style="MARGIN: 0px; text-align: center"><strong>Warrants Outstanding and Exercisable</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center"><strong>Range of Exercise Prices</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="97" colspan="2"> <p style="MARGIN: 0px; text-align: center"> <strong>Number</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px; text-align: center"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="118" colspan="2"> <p style="MARGIN: 0px; text-align: center"><strong>Weighted Average</strong></p> <p style="MARGIN: 0px; text-align: center"><strong>Exercise Price</strong></p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center">$0.00 - $0.20</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">6,133,406</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="106"> <p style="MARGIN: 0px; text-align: right">0.00</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #cceeff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="168"> <p style="MARGIN: 0px; text-align: center">$0.20 - $1.40</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="11"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="86"> <p style="MARGIN: 0px; text-align: right">3,071,000</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="24"> <p style="MARGIN: 0px"> </p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="12"> <p style="MARGIN: 0px">$</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="106"> <p style="MARGIN: 0px; text-align: right">0.21</p> </td> <td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ffffff" valign="bottom" width="9"> <p style="MARGIN: 0px"> </p> </td> </tr> </table> <p style="MARGIN: 0px"><br /> </p> <!--EndFragment--></div> </div> </us-gaap:StockholdersEquityNoteDisclosureTextBlock> | |||||||||||||||||||||
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| <us-gaap:StockIssuedDuringPeriodValueShareBasedCompensationGross id="StockIssuedDuringPeriodValueShareBasedCompensationGross.128.0.0.0.0.0.0" xsi:nil="true" contextRef="from-2011-05-01-to-2012-04-30.128.0.0.0.0.0.0.0" unitRef="USD" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"/> | |||||||||||||||||||||
| <us-gaap:SubsequentEventsTextBlock id="SubsequentEventsTextBlock.126.0.0.0.0.0.0" contextRef="from-2013-05-01-to-2013-12-31.126.0.0.0.0.0.0.0"> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div style="WIDTH: 720px"><!--StartFragment--> <p style="TEXT-ALIGN: justify; MARGIN: 0px"><strong>14. Subsequent Events</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="TEXT-ALIGN: justify; MARGIN: 0px; TEXT-INDENT: 48px">On March 4, 2014, Dragonfly Capital Partners LLC ("Dragonfly") exercised their warrants to acquire 6,133,406 shares of the Company's common stock. Dragonfly utilized the cash-less exercise option and, as a result, the Company issued 6,123,406 shares of its common stock.</p> <!--EndFragment--></div> </div> </us-gaap:SubsequentEventsTextBlock> | |||||||||||||||||||||
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