--04-30
nmed
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<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 1.        ORGANIZATION AND DESCRIPTION OF BUSINESS</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">New Media Insight Group, Inc. (the “Company”) was incorporated on March 29, 2010 in the State of Nevada, U.S.A. Our fiscal year end is April 30. Our administrative offices are located in Cave Creek, AZ.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company is a development stage company and operates as an internet marketing business providing clients with the latest in new media and mobile / smart phone advertising solutions. The Company is continuing to pursue and expand upon the same business; however, it is in the process of significantly enhancing its product and service offering and is developing new and proprietary technology in the area of mobile payments and online monetization. The Company will specialize in developing mobile marketing, loyalty, and communication solutions. The Company’s mission is to help local merchants connect, communicate and transact with their customers in a more effective way.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company has devoted substantially all of its efforts to raising capital, planning and implementing the principal operations. The Company may continue to incur significant operating losses and to generate negative cash flow from operating activities. The Company's ability to eliminate operating losses and to generate positive cash flow from operations in the future will depend upon a variety of factors, many of which it is unable to control.</p>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 2.        SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Use of Estimates</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Cash and Cash Equivalents</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $210,099
and $27
in cash and cash equivalents at April 30, 2014 and 2013, respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Net Income or (Loss) Per Share of Common Stock</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The Company has adopted ASC 260,
<i>“Earnings per Share,”</i>
(“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table sets forth the computation of basic and diluted earnings per share:</p>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" colspan="4">Year Ended April 30,</td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2014</td>
<td align="center" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2013</td>
<td align="left" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss applicable to Common Shares</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(806,737
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(41,727
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Basic)</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">             Options</td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">             Warrants</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td align="left"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss per share (Basic and Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.027
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.001
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Basic income (loss) per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Under the treasury stock method, the exercise price of an award, if any, the amount of compensation cost, if any, for future service that the Company has not yet recognized, and the estimated tax benefits that would be recorded in paid-in capital, if any, when an award is settled are assumed to be used to repurchase shares in the current period.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Due to the net loss, the options and warrants are not used in the calculation of earnings per share because the options and warrants are considered to be antidilutive.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Concentrations of Credit Risk</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Accounts Receivable</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Accounts receivable consist of charges for service provided to customers. An allowance for doubtful accounts is considered to be established for any amounts that may not be recoverable, which is based on an analysis of the Company’s customer credit worthiness, and current economic trends. Based on management’s review of accounts receivable, no allowance for doubtful accounts was considered necessary. Receivables are determined to be past due, based on payment terms of original invoices. The Company does not typically charge interest on past due receivables.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Sales and Advertising</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The costs of sales and advertising are expensed as incurred. Sales and advertising expense was $38,936
and $0
for the year ended April 30, 2014 and 2013, respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Revenue Recognition</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The Company recognizes revenue from the sale of services in accordance with ASC 605,
<i>“Revenue Recognition.”</i>
Revenue consists of mobile and social marketing related services; focusing on new customer acquisition, customer loyalty and viral social media marketing. Sales income is recognized only when all of the following criteria have been met:
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">i)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Persuasive evidence for an agreement exists;</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">ii)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Results have been delivered and tracked through our system;</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">iii)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">The fee is fixed or determinable; and</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">iv)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Revenue is reasonably assured.</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Recent Accounting Pronouncements</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Management has considered all recent accounting pronouncements issued since the last audit of our consolidated financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s consolidated financial statements.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Stock-based Compensation</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company uses the Black-Scholes option pricing model to estimate the fair value of stock-based awards on the date of grant, using assumptions for volatility, expected term, risk-free interest rate and dividend yield. We have used one grouping for the assumptions as our option grants were primarily basic with similar characteristics. The expected term of options granted has been derived based upon our history of actual exercise behavior and represents the period of time that options granted were expected to be outstanding. Historical data was also used to estimate option exercises and employee terminations. Estimated volatility was based upon our historical market price at consistent points in a period equal to the expected life of the options. The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of grant and the dividend yield was based on the historical dividend yield. Compensation expense for stock based compensation is recognized over the vesting period.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Use of Estimates</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Cash and Cash Equivalents</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $210,099
and $27
in cash and cash equivalents at April 30, 2014 and 2013, respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Net Income or (Loss) Per Share of Common Stock</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The Company has adopted ASC 260,
<i>“Earnings per Share,”</i>
(“EPS”) which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table sets forth the computation of basic and diluted earnings per share:</p>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" colspan="4">Year Ended April 30,</td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2014</td>
<td align="center" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2013</td>
<td align="left" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss applicable to Common Shares</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(806,737
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(41,727
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Basic)</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">             Options</td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">             Warrants</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td align="left"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss per share (Basic and Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.027
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.001
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Basic income (loss) per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Under the treasury stock method, the exercise price of an award, if any, the amount of compensation cost, if any, for future service that the Company has not yet recognized, and the estimated tax benefits that would be recorded in paid-in capital, if any, when an award is settled are assumed to be used to repurchase shares in the current period.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Due to the net loss, the options and warrants are not used in the calculation of earnings per share because the options and warrants are considered to be antidilutive.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Concentrations of Credit Risk</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents and related party payables it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Accounts Receivable</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Accounts receivable consist of charges for service provided to customers. An allowance for doubtful accounts is considered to be established for any amounts that may not be recoverable, which is based on an analysis of the Company’s customer credit worthiness, and current economic trends. Based on management’s review of accounts receivable, no allowance for doubtful accounts was considered necessary. Receivables are determined to be past due, based on payment terms of original invoices. The Company does not typically charge interest on past due receivables.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Sales and Advertising</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The costs of sales and advertising are expensed as incurred. Sales and advertising expense was $38,936
and $0
for the year ended April 30, 2014 and 2013, respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Revenue Recognition</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The Company recognizes revenue from the sale of services in accordance with ASC 605,
<i>“Revenue Recognition.”</i>
Revenue consists of mobile and social marketing related services; focusing on new customer acquisition, customer loyalty and viral social media marketing. Sales income is recognized only when all of the following criteria have been met:
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">i)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Persuasive evidence for an agreement exists;</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">ii)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Results have been delivered and tracked through our system;</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">iii)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">The fee is fixed or determinable; and</p>
</td>
</tr>
<tr>
<td width="10%"> </td>
<td valign="top" width="5%">iv)</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt; margin: inherit;">Revenue is reasonably assured.</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Recent Accounting Pronouncements</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Management has considered all recent accounting pronouncements issued since the last audit of our consolidated financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s consolidated financial statements.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Stock-based Compensation</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company uses the Black-Scholes option pricing model to estimate the fair value of stock-based awards on the date of grant, using assumptions for volatility, expected term, risk-free interest rate and dividend yield. We have used one grouping for the assumptions as our option grants were primarily basic with similar characteristics. The expected term of options granted has been derived based upon our history of actual exercise behavior and represents the period of time that options granted were expected to be outstanding. Historical data was also used to estimate option exercises and employee terminations. Estimated volatility was based upon our historical market price at consistent points in a period equal to the expected life of the options. The risk-free interest rate was based on the U.S. Treasury yield curve in effect at the time of grant and the dividend yield was based on the historical dividend yield. Compensation expense for stock based compensation is recognized over the vesting period.</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" colspan="4">Year Ended April 30,</td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2014</td>
<td align="center" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">2013</td>
<td align="left" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss applicable to Common Shares</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(806,737
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
(41,727
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Basic)</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">             Options</td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%"> </td>
<td align="right" width="17%">
-
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">             Warrants</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 1px solid rgb(0, 0, 0);" width="17%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td align="left"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
<td align="right" width="1%"> </td>
<td align="right" width="17%"> </td>
<td align="right" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Weighted average common shares outstanding (Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,746,147
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
29,218,750
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Net loss per share (Basic and Diluted)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.027
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
<td align="left" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%">$</td>
<td align="right" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="17%">
(0.001
</td>
<td align="left" bgcolor="#e6efff" width="2%">)</td>
</tr>
</table>
-806737
-41727
29746147
29218750
0
0
0
0
29746147
29218750
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 3.        CAPITAL STOCK</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Authorized Stock</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The Company has authorized
850,000,000
common shares and
25,000,000
preferred shares, both with a par value of $0.001
per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>Share Issuance</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
On March 11, 2014, the Company filed a certificate of amendment (the “Amendment”) to its Certificate of Incorporation with the Secretary of State of the State of Nevada in order to effectuate a two (2) for one (1) reverse split of the Company’s shares of common stock, par value $0.001
per share (“Reverse Split”) and (ii)decrease the number of authorized shares of capital stock of the Company to
850,000,000
shares of common stock, par value $0.001
per share. The certificate of Change has an effective date of March 24, 2014 On February 24, 2014, holders of a majority of the voting power of the outstanding capital stock of the Company authorized the Actions. As a result of the reverse stock split, every two shares of the Company’s pre-reverse split common stock will be combined and reclassified into one share of the Company’s common stock. No fractional shares of common stock will be issued as a result of the reverse stock split. Stockholders who otherwise would be entitled to a fractional share shall receive the next higher number of whole shares.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">These amendments have been reviewed by the Financial Industry Regulatory Authority (‘FINRA”) and have been approved for filing with an effective date of April 7, 2014.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The reverse split became effective with the Over-the-Counter Bulletin Board at the opening of trading on April 7, 2014. Our trading symbol is "NMED". Our new CUSIP number is 64704U 306.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Since inception (March 29, 2010), the Company has issued
17,000,000
common shares at $0.0006
per share for $10,000
in cash, and
12,218,750
common shares at $0.005
per share for $57,500
in cash. Effective May 16, 2013, we entered into a private placement agreement with one person for the issuance of
550,000
common shares at a purchase price of $1.00
per share, for $550,000
in cash, for total proceeds of $617,500. The total value of common stock is $29,769
and Capital in excess of par value is $587,731.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
There were
29,768,750
and
29,218,750
common shares issued and outstanding at April 31, 2014 and 2013 respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">There are no preferred shares outstanding.</p>
0.001
850000000
0.001
17000000
0.0006
10000
12218750
0.005
57500
550000
1.00
550000
587731
0.5
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 4.        EMPLOYMENT AGREEMENT</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Currently we have an employment agreement, effective May 1, 2013, with Michael Palethorpe, our sole director and officer. Pursuant to the terms of the employment agreement, Mr. Palethorpe was granted
2,000,000
stock options, which vest at a rate of
500,000
every
6
months. Each option has an exercise price of $0.75
and will expire after three years.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Pursuant to the terms of the Employment Agreement, Michael Palethorpe is entitled to an annual stock option grant equal to
30% of his base salary to be granted at the beginning of the calendar year. The value of the Annual Options is $21,600. Currently
13,500
options have been granted.
</p>
2000000
500000
P6M
0.75
P3Y
0.30
21600
13500
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 5.        PROPERTY AND EQUIPMENT</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table summarizes the property and Equipment at April 30, 2014.</p>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>April 30</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2014</b>
</td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2013</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Property and Equipment</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
2,079
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);">Acc. Depreciation</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
312
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
0
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
1,767
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
In the year ending April 30, 2014, the depreciation is $312, compared to
nil
in 2013
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>April 30</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2014</b>
</td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2013</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Property and Equipment</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
2,079
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);">Acc. Depreciation</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
312
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
0
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
1,767
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
2079
0
312
0
312
0
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 6.        INTANGIBLE ASSET</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table summarizes the Intangible Asset at April 30, 2014.</p>
<div align="center">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>April 30</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2014</b>
</td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2013</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Intangible Asset</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
150,000
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);">Acc. Amortization</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
66,666
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
0
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
83,334
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
In the year ending April 30, 2014, the amortization is $66,666, compared to
nil
in 2013.
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" colspan="4" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>April 30</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="22%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2014</b>
</td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" style="border-bottom: 1px solid rgb(0, 0, 0);" width="22%">
<b>2013</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Intangible Asset</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
150,000
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);">Acc. Amortization</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
66,666
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 3px double rgb(0, 0, 0);" width="22%">
0
</td>
<td align="left" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
83,334
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="22%">
0
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
150000
0
66666
0
66666
0
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 7.        OPTIONS</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The options have been granted in conjunction with an employment agreement. The year ended April 30, 2014 issued
2,013,500
options. At April 30, 2014 no options had expired. The options had $0.05
intrinsic value at April 30, 2014.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table summarizes the options at April 30, 2014.</p>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>of Stock</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Remaining</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Actual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Options</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Contractual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>Prices</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Outstanding</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Life (Years)</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Price</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercisable</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercise Price</b>
</td>
</tr>
<tr valign="top">
<td align="center" bgcolor="#e6efff">
$0.75
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
2,013,500
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
3.13
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
504,500
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
2,013,500
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
3.13
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
504,500
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Transactions involving the Company’s option issuance are summarized as follows:</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%">
<b>Weighted</b>
</td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Number of</b>
</td>
<td align="center" nowrap="nowrap" width="2%"> </td>
<td align="center" nowrap="nowrap" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Average Price</b>
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Stock Options</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Per Share</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2013</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Granted</td>
<td align="left" width="1%"> </td>
<td align="right" width="12%">
2,013,500
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%">$</td>
<td align="right" width="12%">
0.75
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">   Exercised</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Cancel or expired</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
2,013,500
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%">$</td>
<td align="right" bgcolor="#e6efff" width="12%">
0.75
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">Options yet to be vested</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
1,509,000
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" width="1%"> </td>
<td align="left" width="12%"> </td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Options vested at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
504,500
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="left" bgcolor="#e6efff" width="12%"> </td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Due to these options, the company recognized and expensed stock compensation of $562,489
and increased paid in capital by $562,489
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>of Stock</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Remaining</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Actual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Options</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Contractual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>Prices</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Outstanding</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Life (Years)</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Price</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercisable</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercise Price</b>
</td>
</tr>
<tr valign="top">
<td align="center" bgcolor="#e6efff">
$0.75
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
2,013,500
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
3.13
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
504,500
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
2,013,500
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
3.13
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
504,500
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$0.75
</td>
</tr>
</table>
0.75
2013500
P3Y1M17D
504500
0.75
2013500
P3Y1M17D
0.75
504500
0.75
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%">
<b>Weighted</b>
</td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Number of</b>
</td>
<td align="center" nowrap="nowrap" width="2%"> </td>
<td align="center" nowrap="nowrap" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Average Price</b>
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Stock Options</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Per Share</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2013</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Granted</td>
<td align="left" width="1%"> </td>
<td align="right" width="12%">
2,013,500
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%">$</td>
<td align="right" width="12%">
0.75
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">   Exercised</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Cancel or expired</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
2,013,500
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%">$</td>
<td align="right" bgcolor="#e6efff" width="12%">
0.75
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">Options yet to be vested</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
1,509,000
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" width="1%"> </td>
<td align="left" width="12%"> </td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Options vested at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
504,500
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="left" bgcolor="#e6efff" width="12%"> </td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
0
0
2013500
0.75
0
0
0
0
1509000
504500
0.05
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 8.        WARRANTS</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The warrants were issued in conjunction with certain common stock offerings and no warrant expense was during the nine months ended April 30, 2014. For the year ended April 30, 2014 issued
1,100,000
warrants. Warrants expire in two years. As April 30, 2014 no warrants had expired. The warrants had $0.20
intrinsic value at April 30, 2014.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The following table summarizes the stock purchase warrants at April 30, 2014.</p>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Remaining</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Actual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>of Warrants</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Contractual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>Prices</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Outstanding</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Life (Years)</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Price</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercisable</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercise Price</b>
</td>
</tr>
<tr valign="top">
<td align="center" bgcolor="#e6efff">
$1.00
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1,1,00,000
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1.50
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
       
1,100,000
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1,100,000
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1.50
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
       
1,100,000
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">Transactions involving the Company’s warrants issuance are summarized as follows:</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%">
<b>Weighted</b>
</td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Number of</b>
</td>
<td align="center" nowrap="nowrap" width="2%"> </td>
<td align="center" nowrap="nowrap" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Average Price</b>
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Warrants</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Per Share</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2013</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Granted</td>
<td align="left" width="1%"> </td>
<td align="right" width="12%">
1,100,000
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%">$</td>
<td align="right" width="12%">
1.00
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">   Exercised</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Cancel or expired</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
1,100,000
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%">$</td>
<td align="right" bgcolor="#e6efff" width="12%">
1.00
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">All warrants will expire by May 16, 2014.</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
<td align="center" nowrap="nowrap" width="16%"> </td>
<td align="center" nowrap="nowrap" width="16%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Remaining</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Actual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Weighted</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>of Warrants</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Contractual</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Exercise</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Number</b>
</td>
<td align="center" nowrap="nowrap" width="16%">
<b>Average</b>
</td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);">
<b>Prices</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Outstanding</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Life (Years)</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Price</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercisable</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="16%">
<b>Exercise Price</b>
</td>
</tr>
<tr valign="top">
<td align="center" bgcolor="#e6efff">
$1.00
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1,1,00,000
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1.50
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
       
1,100,000
</td>
<td align="center" bgcolor="#e6efff" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1,100,000
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
1.50
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
       
1,100,000
</td>
<td align="center" style="border-bottom: 3px double rgb(0, 0, 0);" width="16%">
$1.00
</td>
</tr>
</table>
1.00
1100000
P1Y6M
1100000
1.00
1100000
P1Y6M
1.00
1100000
1.00
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; font-size: 10pt; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-top: 1px solid rgb(0, 0, 0);" width="12%">
<b>Weighted</b>
</td>
<td align="left" style="border-top: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left"> </td>
<td align="left" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Number of</b>
</td>
<td align="center" nowrap="nowrap" width="2%"> </td>
<td align="center" nowrap="nowrap" width="1%"> </td>
<td align="center" nowrap="nowrap" width="12%">
<b>Average Price</b>
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Warrants</b>
</td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
<b>Per Share</b>
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2013</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Granted</td>
<td align="left" width="1%"> </td>
<td align="right" width="12%">
1,100,000
</td>
<td align="left" width="2%"> </td>
<td align="left" width="1%">$</td>
<td align="right" width="12%">
1.00
</td>
<td align="left" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">   Exercised</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
-
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left">   Cancel or expired</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="1%"> </td>
<td align="right" style="border-bottom: 1px solid rgb(0, 0, 0);" width="12%">
-
</td>
<td align="left" style="border-bottom: 1px solid rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff">Outstanding at April 30, 2014</td>
<td align="left" bgcolor="#e6efff" width="1%"> </td>
<td align="right" bgcolor="#e6efff" width="12%">
1,100,000
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
<td align="left" bgcolor="#e6efff" width="1%">$</td>
<td align="right" bgcolor="#e6efff" width="12%">
1.00
</td>
<td align="left" bgcolor="#e6efff" width="2%"> </td>
</tr>
</table>
0
0
1100000
1.00
0
0
0
0
P2Y
0.20
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 9.        INCOME TAXES</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes. Deferred taxes are provided in the financial statements to give effect to the resulting temporary differences which may arise from differences in the bases of fixed assets, depreciation methods, allowances, and start-up costs based on the income taxes expected to be payable in future years.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
Minimal deferred tax assets arising as a result of net operation loss carry forwards have been offset completely by a valuation allowance due to the uncertainty of their utilization in future periods. Operating loss carry forwards generated during the period from March 29, 2010 (date of inception) through April 30, 2014 of $911,471
will begin to expire in 2031. Accordingly, deferred tax liability of approximately $319,000
(assuming an effective maximum statutory rate of
35%) were offset by the valuation allowance that increased by approximately $282,300
and $14,600
for the year ended April 30, 2014 and 2013, respectively.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company follows the provisions of uncertain tax positions. The Company recognized approximately no increase in the liability for unrecognized tax benefits.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company has no tax position at April 30, 2014 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties were recognized during the periods presented. The Company had no accruals for interest and penalties at April 30, 2013. The open tax years are from 2010 through 2014.</p>
911471
319000
0.35
282300
14600
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 10.      DUE TO RELATED PARTY</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
As at April 30, 2014 and 2013, the Company was obligated to a director, who is also an officer, for a non-interest bearing demand loan with a balance of $4,921
and $650, respectively.
</p>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 11.      GOING CONCERN AND LIQUIDITY CONSIDERATIONS</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at April 30, 2014, the Company had a loss from operations, for the year ended, of $806,737, an accumulated deficit of $911,471, and working capital of $192,806
and has earned $38,690
in revenues since inception. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern.
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company depends upon capital to be derived from future financing activities such as subsequent offerings of its common stock or debt financing in order to operate and grow the business. There can be no assurance that the Company will be successful in raising such capital. The key factors that are not within the Company's control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company's business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to provide services. There may be other risks and circumstances that management may be unable to predict.</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.</p>
-806737
192806
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">NOTE 12.      SUBSEQUENT EVENTS</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued. No subsequent events exist.</p>