Bioshaft Water Technology (BSHF) 10-Q 17 Mar 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jan. 31, 2015
Document and Entity Information
Entity Registrant Name	BIOSHAFT WATER TECHNOLOGY, INC.
Document Type	10-Q
Document Period End Date	31-Jan-15
Amendment Flag	FALSE
Entity Central Index Key	1365784
Current Fiscal Year End Date	-26
Entity Common Stock, Shares Outstanding	117,611,170
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Jan. 31, 2015	Apr. 30, 2014
Current assets:
Cash	$26,403	$37,338
Accounts receivable, net	229,108	302,941
Costs in excess of billings on uncompleted projects	450,665	233,352
Total Current Assets	706,176	573,631
Property and equipment, net		561
Deposits	1,000	1,000
Total Assets	707,176	575,192
Current liabilities:
Accounts payable and accrued expenses	1,321,168	1,473,172
Billings in excess of costs and estimated earnings on uncompleted projects	655,422	427,814
Accrued interest, net of discount	44,174	460,401
Notes payable	1,147,390
Convertible loans payable		525,000
Related party notes payable	67,000
Total Current Liabilities	3,235,154	2,886,387
Total Liabilities	3,235,154	2,886,387
Stockholders' deficit:
Preferred stock value
Common stock value	117,611	108,911
Additional paid-in capital	20,285,598	19,539,747
Accumulated deficit	-22,931,187	-21,959,853
Total Stockholders' Deficit	-2,527,978	-2,311,195
Total Liabilities and Stockholders' Deficit	$707,176	$575,192

BALANCE_SHEET_PARENTHETICAL

BALANCE SHEET (PARENTHETICAL) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Balance Sheets
Allowance for doubtful accounts	$59,000	$34,000
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	117,611,170	108,911,170
Common stock, shares outstanding	117,611,170	108,911,170

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
REVENUES
Net revenue from projects	$336,425	$1,136,884	$565,056	$1,731,477
TOTAL REVENUES	336,425	1,136,884	565,056	1,731,477
COST OF REVENUES	285,725	786,385	468,848	1,260,222
GROSS PROFIT (LOSS)	50,700	350,499	96,208	471,255
OPERATING EXPENSES
Selling, general and administrative	61,543	103,707	191,559	307,094
Advertising, marketing and promotions	130	965	1,236	6,759
Consulting fees	98,400	121,500	320,700	316,200
Depreciation	3	283	562	849
Stock-based compensation		9,475		30,114
TOTAL OPERATING EXPENSES	160,076	235,930	514,057	661,016
INCOME (LOSS) FROM OPERATIONS	-109,376	114,569	-417,849	-189,761
OTHER INCOME (EXPENSE)
Interest income (expense), net	-25,760	-19,187	-79,343	-57,282
Amortization of debt discount		-1,515		-559,332
Loss on extinguishment of debt			-474,142
TOTAL OTHER INCOME (EXPENSE)	-25,760	-20,702	-553,485	-616,614
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	-135,136	93,867	-971,334	-806,375
PROVISION FOR INCOME TAXES
NET INCOME (LOSS)	($135,136)	$93,867	($971,334)	($806,375)
NET INCOME LOSS PER SHARE: BASIC AND DILUTED	$0	$0	($0.01)	($0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	117,611,170	108,911,170	115,489,800	108,911,170
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED	117,611,170	148,628,017	115,489,800	108,911,170

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS)	($971,334)	($806,375)
Adjustments To Reconcile Net Income (loss) To Net Cash Used In Operating Activities
Loss on extinguishment	474,142
Depreciation expense	562	849
Amortization of debt and accrued interest discount		559,332
Bad debt expense	40,030
Stock-based compensation	0	30,114
Change in operating assets & liabilities
Accounts receivable	33,803	-236,858
Costs in excess of billings on uncompleted projects	-217,313
Deposits		-112,286
Accounts payable and accrued expenses	-152,005	444,231
Billing in excess of costs and estimated earnings on uncompleted projects	227,608	-22,579
Accrued interest	71,572	57,606
Net Cash Provided by (Used in) Operating Activities	-492,935	-85,966
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loan payable	160,000
Proceeds from related party notes payable	67,000
Proceeds from issuance of stock	255,000
Net Cash Provided by Financing Activities	482,000
Net Increase (Decrease) in Cash	-10,935	-85,966
Cash - beginning of the period	37,338	315,832
Cash - end of the period	26,403	229,866
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for income taxes
NON-CASH TRANSACTIONS:
Convertible notes payable, accrued interest, conversion feature and warrants exchanged for note payable	$1,047,390

General_Organization_and_Busin

General Organization and Business	3 Months Ended
	Jan. 31, 2015
Notes
General Organization and Business	NOTE 1 - GENERAL ORGANIZATION AND BUSINESS
	Bioshaft Water Technology, Inc. (the “Company”) was originally incorporated under the laws of the state of Nevada on March 8, 2006. The Company owns worldwide patented technology and is in the business of designing, manufacturing and installing wastewater (sewage) treatment plants using its technology.
	The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplate continuation of the Company as a going concern. The Company has used cash flows from operations and incurred net losses of approximately $22,931,187 since inception.  The Company currently has limited liquidity, and does not yet have sufficient revenues to cover operating costs over an extended period of time.  If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors cause significant doubt regarding the Company to continue as a going concern.
	Management anticipates that the Company will be dependent, for the foreseeable future, on additional investment capital through notes payable or sales of common stock to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Summary_of_Significant_Account

Summary of Significant Accounting Practices	3 Months Ended
	Jan. 31, 2015
Notes
Summary of Significant Accounting Practices	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
	Basis of Presentation
	The accounting policies of the Company are in accordance with the accounting principles generally accepted in the United States of America and are presented in United States dollars (“USD”).  Outlined below are those policies considered particularly significant. The accompanying unaudited financial statements contain all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the financial position of the Company as of January 31, 2015, and the results of its operations and cash flows for the three and nine months ended January 31, 2015 and 2014. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to rules and regulations of the U.S. Securities and Exchange Commission. The Company believes that the disclosures in the unaudited financial statements are adequate to make the information presented not misleading.  The operating results of the Company on a quarterly basis may not be indicative of operating results for the full year.  For further information, refer to the financial statements and notes included in the Company’s Form 10-K for the year ended April 30, 2014.
	Use of Estimates
	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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Fair Value of Financial Instruments
	The Company follows accounting guidance issued by the Financial Accounting Standards Board (“FASB”) on “Fair Value Measurements” for assets and liabilities measured at fair value on a recurring basis.  The FASB defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, the FASB requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
	The guidance also establishes a fair value hierarchy for measurements of fair value as follows:
	Level 1:         Observable inputs such as quoted market prices in active markets for identical assets or liabilities.
	Level 2:         Observable market-based inputs or unobservable inputs that are corroborated by market data.
	Level 3:         Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company discloses the estimated fair value for all financial instruments for which it is practicable to estimate fair value. As of January 31, 2015 and 2014, the fair value of short-term financial instruments including cash, accounts receivable, accounts payable and accrued expenses, costs in excess of billings on uncompleted projects, billings in excess of costs and estimated earnings on uncompleted projects, and accrued interest approximates book value due to their short-term maturity. The fair value of property and equipment is estimated to approximate its net book value. The fair value of debt obligations approximates their face values due to their short-term maturities and/or the rates of interest associated with the underlying obligation.
	Basic Loss per Common Share
	Basic loss per share is calculated by dividing the Company’s net 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 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.
	The Company excluded 6,100,000 and 11,300,000 common stock equivalents outstanding for the nine months ended January 31, 2015 and 2014, respectively, as their exercise prices were in excess of the average closing market price of the Company’s common stock, causing their effects to be anti-dilutive using the treasury stock method.
	The following is a summary of outstanding securities which have been included in the calculation of diluted net income per share and a reconciliation of net income to net income available to common stock holders for the three months ended January 31, 2014:
	Weighted average common shares outstanding		108,911,170
	used in calculating basic earnings per share
	Warrants		2,826,087
	Convertible loans payable and accrued interest		36,890,760
	Weighted average common and common		148,628,017
	equivalent shares used in calculating diluted
	earnings per share
	Net income as reported	$	93,867
	Add - Interest on convertible loans payable		19,202
	Net income as adjusted	$	113,069
	Revenue Recognition
	For contracts in which the Company can reasonably estimate the costs and the percent complete, the Company recognizes revenues based on the percentage-of-completion method, measured by the percentage of cost incurred to date to estimated total cost for each contract. That method is used because management considers total cost to be the best available measure of progress on contracts. Because of inherent uncertainties in estimating costs, it is at least reasonably possible that the estimates used will change within the near term.
	For contracts in which the Company can't reasonably estimate the costs and the percent complete, the Company recognizes revenues using the completed contract method. Typically, these contracts are isolated to international contracts whereby the Company is providing equipment and limited installation. Under the completed contract basis, contract costs are recorded to a deferred asset account and billings and/or cash received are recorded to a deferred revenue liability account during the periods of construction. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered completed when all costs except insignificant items have been incurred and the equipment is delivered to the end user.
	Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation. Selling, general, and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, and estimated profitability may result in revisions to costs and income, which are recognized in the period in which the revisions are determined. Changes in estimated job profitability resulting from job performance, job conditions, contract penalty provisions, claims, change orders, and settlements, are accounted for as changes in estimates in the current period. No profit is recognized on change orders until they have been approved by the customer. During the nine months ended January 31, 2015, the Company charged $47,620 to cost of revenues due to overruns on a project.
	The asset, "Costs in excess of billings on uncompleted projects", represents costs incurred on current projects which have not been allocated to the particular project or the contract has not been completed and typically relate to deposits paid or incurred to third party vendors in which the services and or equipment has not been provided. The liability, “Billings in excess of costs and estimated earnings on uncompleted contracts”, represents billings in excess of revenues recognized or amounts in which the Company has received in connection with contracts being recognized under the completed contract method. Contract retentions are included in accounts receivable.
	New Accounting Pronouncements
	The FASB issues Accounting Standard Updates (“ASUs”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

Loans_Payable_Disclosure

Loans Payable Disclosure	3 Months Ended
	Jan. 31, 2015
Notes
Loans Payable Disclosure	NOTE 3 - LOANS PAYABLE
	$500,000 Convertible Loan Payable
	On August 11, 2008, the Company secured a loan payable of $500,000 accruing interest at 15%, secured by the assets of the Company, subject to a 3% financing fee and repayable on the one year anniversary date of the agreement.
	On February 13, 2012, the terms of the loan were changed to reflect a conversion feature and extend the maturity date to August 11, 2012. The loan was convertible into shares of the Company’s common stock, up to 20,000,000, at a price of $0.025 per share.
	On March 6, 2013, the convertible note was modified to extend the maturity date to August 11, 2013, which as of the date of this filing is in default.  As consideration for the extension, 2,811,873 common shares of the Company’s common stock were issued to the lender.  The common shares were valued at $168,712 based on the closing market price of the Company's common stock on the date of the agreement. The modification qualified for extinguishment accounting whereby the former convertible note was considered extinguished and a new convertible note issued.
	The Company allocated fair value of the common shares issued of $168,712 in connection with the new convertible note based on their relative fair value to the face value of the convertible note, which resulted in a discount of $126,147 being allocated to the common shares.  The new convertible note also contained a beneficial conversion feature due to the conversion price being below the fair market value of the Company's common stock on the date of issuance. The beneficial conversion feature was valued at $331,288, which resulted in a 100%, or $500,000, discount to the new convertible note.  The Company was amortizing the discount over the term of the new convertible note using the straight line method due to the short term nature of the note. During the six months ended October 31, 2013, the Company amortized $325,000 of the discount to interest expense. As of April 30, 2014, the unamortized portion of the discount was $0.
	In addition, with the agreement the accrued interest was now convertible at $0.025, the same rate as the new convertible note. At the date of the agreement, the conversion price was below the fair market value of the Company's common stock which implied a beneficial conversion feature. The beneficial conversion feature was valued at $353,519, which resulted in a 100% discount to accrued interest. The Company was amortizing the discount over the term of the new convertible note using the straight line method due to the short term nature of the note. During the six months ended October 31, 2013, the Company amortized $229,787 of the discount. As of April 30, 2014, the unamortized portion of the discount was $0.
	On August 21, 2014, the convertible loan and accrued interest was sold by the holder and the terms were amended, see below for additional disclosure.
	$25,000 Loan Payable
	On March 6, 2009, the Company secured a loan payable of $25,000 accruing interest at 15%, due March 6, 2010 and secured by the assets of the Company.  The term of this loan was initially extended to September 6, 2012.
	On March 6, 2013, the secured loan payable was modified to extend the maturity date to March 6, 2014.  As consideration for the extension, 133,297 common shares of the Company’s common stock were issued to the lender.  The common shares were valued at $7,998 based on the closing market price of the Company's common stock on the date of the agreement. The modification qualified for extinguishment accounting whereby the former secured loan payable was considered extinguished and a new secured loan payable was issued.
	The Company allocated the common shares issued in connection with the new secured loan payable based on their relative fair value to the face value of the secured loan payable, which resulted in a discount of $6,059 being allocated to the secured loan payable.  During the six months ended October 31, 2013, the Company amortized $3,030 of the discount. As of April 30, 2014, the unamortized portion of the discount was $0.
	On August 21, 2014, the loan payable and accrued interest was sold by the holder and the terms were amended, see below for additional disclosure.
	$60,000 Loan Payable
	In May 2014, the Company received $60,000 in proceeds used for working capital purposes from the $500,000 and $25,000 note holders discussed above. As of January 31, 2015, the terms of the agreement had yet to be finalized. On August 21, 2014, the loan payable and accrued interest was sold by the holder and the terms were amended, see below for additional disclosure.
	$1,047,390 Note Payable
	On August 21, 2014, the Company was notified that the $60,000 advance, $500,000 convertible note payable and $25,000 secured note payable and accrued interest of $487,799 on such was sold by the holder to a related entity of the holder. On August 21, 2014, the Company entered into a note agreement for $1,047,390. Under the terms of the agreement, the note incurs interest at 7.5% per annum, the holder received 5,000,000 bonus shares of common stock and is due July 7, 2015. In addition, if the Company does not raise $5.0 million in equity capital by July 7, 2015, the holder will receive 30,000,000 warrants to purchase shares of the Company's common stock at $0.025 per share. In connection with the new agreement, the $500,000 convertible note and accrued interest on such is no longer convertible into common stock and warrants to purchase 10,000,000 shares of common stock held by the current holder, which were received in connection with a previous transaction, were cancelled. The Company accounted for the transaction as an extinguishment due to the significant change in the future expected cash flows, which was in excess of 10%, due to the change in interest rate, removal of the conversion feature, cancelation of warrants and issuance of 5,000,000 shares of common stock. The total loss recorded in connection with this extinguishment was $474,142. In determining the loss on extinguishment the Company determined the fair market value of the beneficial conversion feature, warrants and shares of common stock on August 21, 2014. Although, the issuance of the 30,000,000 million warrants are contingent upon a future event, the value was taken into consideration in the loss calculation as the holder doesn't have a performance commitment to receive such shares and the Company viewed the raising of capital as a market condition to receiving such. As of January 31, 2015, accrued interest on the note payable was approximately $42,000.
	$100,000 Note Payable
	On December 24, 2014, the Company secured a $100,000 note payable, accruing interest at 7.5% per annum being due December 24, 2015. The proceeds were used for operating purposes. The loan payable is with the same party as the $1,047,390 note payable disclosed above.

Stockholders_Deficit_Disclosur

Stockholders' Deficit Disclosure	3 Months Ended
	Jan. 31, 2015
Notes
Stockholders' Deficit Disclosure	NOTE 4 - STOCKHOLDERS’ DEFICIT
	Stock Options and Stock-Based Compensation
	During the nine months ended January 31, 2015 and 2014, the Company recorded $0 and $30,114 in stock-based compensation, respectively.
	Stock Issued for Cash
	In July 2014, the Company sold 1,500,000 shares of common stock at $0.07 per share resulting in proceeds of $105,000.
	In August 2014, the Company sold 2,200,000 shares of common stock to a member of the board of directors at $0.68 per share resulting in proceeds of $150,000.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Jan. 31, 2015
Notes
Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS
	Consulting Contracts
	As of January 31, 2015, the Company has consulting contracts with three related parties for total annual compensation of $384,000. Total amounts due to these related parties, including reimbursable expenses, as of January 31, 2015 and April 30, 2014 were $374,407 and $170,289, respectively. The amounts are included in accounts payable and accrued expenses on the accompanying balance sheet.
	As of January 31, 2015 and April 30, 2014, a former officer and current shareholder of the Company is due $206,000 for prior consulting services performed which is included in accounts payable and accrued expenses on the accompanying balance sheet.  There were no payments made on this obligation during the nine months ended January 31, 2015.
	As of January 31, 2015 and April 30, 2014, another consultant, shareholder and officer of the Company is due a net $171,966 which is included within accounts payable and accrued expenses on the accompanying balance sheet. There were no payments made on this obligation during the nine months ended January 31, 2015.
	Revenues
	From time to time, the Company enters into contracts with an entity controlled by a board member to provide waste water plants. These contracts are typically for waste water plants located in the middle east in which the board member's company has operations. Under these contacts, the Company supplies completed waste water treatment units and the customer performs the installation. During the three and nine months ended the Company recorded $336,425 in revenues under these contracts. As of January 31, 2015 and April 30, 2014, the Company has recorded within billings in excess of costs and estimated earnings on uncompleted projects $220,805 and $100,927, respectively. As of January 31, 2015, the Company had $62,153 due from the related party recorded in accounts receivable. The Company typically records revenues and expenses in connection with these contracts using the completed contract method as their services primarily relate to the sale of equipment to the related party. The related party is responsible is typically responsible for the installation and management of the project. The Company recognizes revenues and costs when acceptance of the waste water plants are received.
	Loans Payable
	In July 2014, the Company entered into a promissory note for $65,000 with an entity controlled by a significant shareholder and a member of the board of directors. The promissory note incurs interest at 15% per annum, compounding monthly, with principal and interest due July 25, 2015.  Subsequent to this agreement, an additional $2,000 was provided to the Company, bringing the total due to the related party as of January 31, 2015 to $67,000. The terms of the agreement for the additional proceeds is being generated, however, the terms aren't expected to be materially different than the agreement currently in place. The proceeds were used to fund operations.
	Sales of Common Stock
	See Note 4 for discussion regarding sales of common stock to a related party.

Subsequent_Events

Subsequent Events	3 Months Ended
	Jan. 31, 2015
Notes
Subsequent Events	NOTE 6 - SUBSEQUENT EVENTS
	In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to January 31, 2015 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Summary_of_Significant_Account1

Summary of Significant Accounting Practices: Basis of Presentation (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
Basis of Presentation	Basis of Presentation
	The accounting policies of the Company are in accordance with the accounting principles generally accepted in the United States of America and are presented in United States dollars (“USD”).  Outlined below are those policies considered particularly significant. The accompanying unaudited financial statements contain all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary to present fairly the financial position of the Company as of January 31, 2015, and the results of its operations and cash flows for the three and nine months ended January 31, 2015 and 2014. Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to rules and regulations of the U.S. Securities and Exchange Commission. The Company believes that the disclosures in the unaudited financial statements are adequate to make the information presented not misleading.  The operating results of the Company on a quarterly basis may not be indicative of operating results for the full year.  For further information, refer to the financial statements and notes included in the Company’s Form 10-K for the year ended April 30, 2014.

Summary_of_Significant_Account2

Summary of Significant Accounting Practices: Use of Estimates (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
Use of Estimates	Use of Estimates
	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 at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Summary_of_Significant_Account3

Summary of Significant Accounting Practices: Fair Value of Financial Instruments (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The Company follows accounting guidance issued by the Financial Accounting Standards Board (“FASB”) on “Fair Value Measurements” for assets and liabilities measured at fair value on a recurring basis.  The FASB defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, the FASB requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
	The guidance also establishes a fair value hierarchy for measurements of fair value as follows:
	Level 1:         Observable inputs such as quoted market prices in active markets for identical assets or liabilities.
	Level 2:         Observable market-based inputs or unobservable inputs that are corroborated by market data.
	Level 3:         Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company discloses the estimated fair value for all financial instruments for which it is practicable to estimate fair value. As of January 31, 2015 and 2014, the fair value of short-term financial instruments including cash, accounts receivable, accounts payable and accrued expenses, costs in excess of billings on uncompleted projects, billings in excess of costs and estimated earnings on uncompleted projects, and accrued interest approximates book value due to their short-term maturity. The fair value of property and equipment is estimated to approximate its net book value. The fair value of debt obligations approximates their face values due to their short-term maturities and/or the rates of interest associated with the underlying obligation.

Summary_of_Significant_Account4

Summary of Significant Accounting Practices: Basic Loss Per Common Share Policy (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
Basic Loss Per Common Share Policy	Basic Loss per Common Share
	Basic loss per share is calculated by dividing the Company’s net 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 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.
	The Company excluded 6,100,000 and 11,300,000 common stock equivalents outstanding for the nine months ended January 31, 2015 and 2014, respectively, as their exercise prices were in excess of the average closing market price of the Company’s common stock, causing their effects to be anti-dilutive using the treasury stock method.
	The following is a summary of outstanding securities which have been included in the calculation of diluted net income per share and a reconciliation of net income to net income available to common stock holders for the three months ended January 31, 2014:
	Weighted average common shares outstanding		108,911,170
	used in calculating basic earnings per share
	Warrants		2,826,087
	Convertible loans payable and accrued interest		36,890,760
	Weighted average common and common		148,628,017
	equivalent shares used in calculating diluted
	earnings per share
	Net income as reported	$	93,867
	Add - Interest on convertible loans payable		19,202
	Net income as adjusted	$	113,069

Summary_of_Significant_Account5

Summary of Significant Accounting Practices: Revenue Recognition Policy (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
Revenue Recognition Policy	Revenue Recognition
	For contracts in which the Company can reasonably estimate the costs and the percent complete, the Company recognizes revenues based on the percentage-of-completion method, measured by the percentage of cost incurred to date to estimated total cost for each contract. That method is used because management considers total cost to be the best available measure of progress on contracts. Because of inherent uncertainties in estimating costs, it is at least reasonably possible that the estimates used will change within the near term.
	For contracts in which the Company can't reasonably estimate the costs and the percent complete, the Company recognizes revenues using the completed contract method. Typically, these contracts are isolated to international contracts whereby the Company is providing equipment and limited installation. Under the completed contract basis, contract costs are recorded to a deferred asset account and billings and/or cash received are recorded to a deferred revenue liability account during the periods of construction. All revenues, costs, and profits are recognized in operations upon completion of the contract. A contract is considered completed when all costs except insignificant items have been incurred and the equipment is delivered to the end user.
	Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation. Selling, general, and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, and estimated profitability may result in revisions to costs and income, which are recognized in the period in which the revisions are determined. Changes in estimated job profitability resulting from job performance, job conditions, contract penalty provisions, claims, change orders, and settlements, are accounted for as changes in estimates in the current period. No profit is recognized on change orders until they have been approved by the customer. During the nine months ended January 31, 2015, the Company charged $47,620 to cost of revenues due to overruns on a project.
	The asset, "Costs in excess of billings on uncompleted projects", represents costs incurred on current projects which have not been allocated to the particular project or the contract has not been completed and typically relate to deposits paid or incurred to third party vendors in which the services and or equipment has not been provided. The liability, “Billings in excess of costs and estimated earnings on uncompleted contracts”, represents billings in excess of revenues recognized or amounts in which the Company has received in connection with contracts being recognized under the completed contract method. Contract retentions are included in accounts receivable.

Summary_of_Significant_Account6

Summary of Significant Accounting Practices: New Accounting Pronouncements (Policies)	3 Months Ended
	Jan. 31, 2015
Policies
New Accounting Pronouncements	New Accounting Pronouncements
	The FASB issues Accounting Standard Updates (“ASUs”) to amend the authoritative literature in the Accounting Standards Codification (“ASC”). There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

Summary_of_Significant_Account7

Summary of Significant Accounting Practices: Basic Loss Per Common Share Policy: Schedule of Outstanding Securities (Tables)	3 Months Ended
	Jan. 31, 2015
Tables/Schedules
Schedule of Outstanding Securities
	Weighted average common shares outstanding		108,911,170
	used in calculating basic earnings per share
	Warrants		2,826,087
	Convertible loans payable and accrued interest		36,890,760
	Weighted average common and common		148,628,017
	equivalent shares used in calculating diluted
	earnings per share
	Net income as reported	$	93,867
	Add - Interest on convertible loans payable		19,202
	Net income as adjusted	$	113,069

General_Organization_and_Busin1

General Organization and Business (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Details
Net losses since inception	$22,931,187	$21,959,853

Summary_of_Significant_Account8

Summary of Significant Accounting Practices: Basic Loss Per Common Share Policy (Details) (Related to options outstanding)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Related to options outstanding
Common stock excluded, anti-dilutive	6,100,000	11,300,000

Summary_of_Significant_Account9

Summary of Significant Accounting Practices: Basic Loss Per Common Share Policy: Schedule of Outstanding Securities (Details) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Weighted average common shares outstanding used in calculating basic earnings per share		108,911,170
Weighted average common and common equivalent shares used in calculating diluted earnings per share	117,611,170	148,628,017	115,489,800	108,911,170
NET INCOME (LOSS)	($135,136)	$93,867	($971,334)	($806,375)
Interest on convertible loans payable		19,202
Net income as adjusted		$113,069
Related to outstanding warrants
Common stock excluded, anti-dilutive		2,826,087
Related to convertible notes payable and accrued interest
Common stock excluded, anti-dilutive		36,890,760

Recovered_Sheet1

Summary of Significant Accounting Practices: Revenue Recognition Policy (Details) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Cost of revenues charged	$285,725	$786,385	$468,848	$1,260,222
Overruns on a project
Cost of revenues charged			$47,620

Loans_Payable_Disclosure_Detai

Loans Payable Disclosure (Details) (USD $)	9 Months Ended	6 Months Ended	1 Months Ended
	Jan. 31, 2015	Oct. 31, 2013	Aug. 21, 2014	Mar. 06, 2013	Feb. 13, 2012	Aug. 11, 2008	Dec. 24, 2014	Mar. 06, 2009	31-May-14
Loss on extinguishment	$474,142
$500,000 Convertible Note
Loan payable						500,000
Interest rate on loan payable						3.00%
Convertible feature, shares					20,000,000
Convertible feature, price per share					$0.03
Shares issued for extension of note				2,811,873
Shares issued for extension of note (value)				168,712
Discount allocated to common shares				126,147
Beneficial conversion feature value		331,288
Amortization of discount		325,000
Accrued interest on $500,000 convertible note
Beneficial conversion feature value		353,519
Amortization of discount		229,787
$25,000 Loan Payable
Loan payable								25,000
Interest rate on loan payable							7.50%	15.00%
Shares issued for extension of note				133,297
Shares issued for extension of note (value)				7,998
Discount allocated to common shares				6,059
Amortization of discount		3,030
$60,000 Loan Payable
Loan payable									60,000
$1,047,390 Note Payable
Loan payable			1,047,390
Interest rate on loan payable			7.50%
Transfer of Debt			On August 21, 2014, the Company was notified that the $60,000 advance, $500,000 convertible note payable and $25,000 secured note payable and accrued interest of $487,799 on such was sold by the holder to a related entity of the holder.
Shares of common stock issued	5,000,000
Loss on extinguishment	474,142
Accrued interest	42,000
$100,000 Note Payable
Loan payable							100,000

Stockholders_Deficit_Disclosur1

Stockholders' Deficit Disclosure (Details) (USD $)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Stock-based compensation recorded	$0	$30,114
Jul-14
Common stock issued for cash	1,500,000
Cash proceeds from issuance	$150,000
Aug-14
Common stock issued for cash	2,200,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	9 Months Ended
	Jan. 31, 2015	Apr. 30, 2014
Loan payable related party	$67,000
Consulting Contracts
Related party compensation	384,000
Due to related parties	374,407	170,289
Former officer and current shareholder
Due to related party, other	206,000
Consultant, shareholder and officer
Payable due to related party	171,966
Entity controlled by a board of director
Related party compensation	336,425
Accounts receivable recorded	62,153
Entity controlled by a significant shareholder and a member of the board of directors
Loan payable related party	$67,000