MaryJane (PLAD) 10-Q 14 Sep 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2015	Sep. 11, 2015
Document And Entity Information
Entity Registrant Name	MaryJane Group, Inc.
Entity Central Index Key	1,554,225
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		996,362,512
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Assets, Current
Cash	$ 24,245	$ 44,990
Inventory	2,160
Prepaid Expense	11,014	$ 39,808
Employee advances	55	55
Assets, Current	37,474	84,853
Fixed assets, net	32,644	18,313
Security deposit	24,500	14,500
Non-refundable purchase deposit	30,000
Total assets	124,618	117,666
Current Liabilities:
Convertible notes payable, net of debt discount of $239,788 and $417,752, respectively	100,589	327,549
Accounts Payable, Current	31,447	23,056
Promissory note	22,565	17,160
Other Liabilities, Current	328,156	287,879
Total current liabilities	482,757	655,644
Long-term Liabilities:
Convertible notes payable, net of debt discount of $18,334 and $0, respectively	9,166	4,263
Accrued interest	1,205	603
Derivative liabilities	(164,245)	(203,145)
Total long-term liabilities	174,616	208,011
Total liabilities	$ 657,374	$ 863,655
Commitments and Contingencies
Stockholders' Deficit:
Series A Preferred stock - par value $0.001; 2,000,000 shares authorized; 100,000 shares issued and outstanding
Common stock - par value $0.001; 2,000,000,000 shares authorized; 924,862,512 and 30,637,844 issued and outstanding, respectively	$ 924,838	$ 30,638
Additional paid in capital	2,405,805	2,211,957
Prepaid services	(24,602)	(54,536)
Accumulated deficit	(3,838,797)	(2,934,048)
Total stockholders' deficit	(532,756)	(745,989)
Total liabilities and stockholders' deficit	$ 124,618	$ 117,666

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jul. 31, 2015	Apr. 30, 2014
Statement of Financial Position [Abstract]
Debt Discount on Convertible notes payable	$ 18,334	$ 0
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares, Outstanding	0	0
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	2,000,000,000	2,000,000,000
Common Stock, Shares Issued	924,862,512	30,637,844
Common Stock, Shares, Outstanding	924,862,512	30,637,844

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATION (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Revenue	$ 237,021	$ 112,939
Cost of goods sold	172,251	87,097
Gross profit	64,770	25,842
Operating Expenses
General and administration	391,104	481,460
Sales and marketing	16,507	7,117
Depreciation	2,301	1,008
Total operating expenses	409,912	489,585
Operating loss	(345,142)	(463,743)
Other income and (expense)
Miscellaneous income	36	2,595
Interest expense	$ (415,030)	(64,395)
Disposal of fixed assets		$ (52,142)
Loss on settlement of debt	$ 145,415
Change in fair value of derivative liability	(802)
Total other income (expense)	(485,672)	$ (113,942)
Loss before taxes	$ (904,749)	$ (577,685)
Provision for income taxes
Net loss	$ (904,749)	$ (577,685)
Loss per share, basic	$ 0	$ (0.03)
Weighted average number of shares outstanding	431,700,937	18,380,021

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (904,749)	$ (577,685)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:
Depreciation	2,301	1,008
Amortization of prepaid services	45,934	107,292
Amortization of debt discount	384,833	$ 58,930
Amortization of prepaid expenses	28,794
Write off of non-cash consulting costs	4,000	$ 81,250
Change in fair value of derivative liability	$ 802
Loss on disposal of fixed assets		$ 52,142
Loss on settlement of debt	$ 145,415
Change in operating assets and liabilities:
Accounts receivables		$ (11,529)
Other current assets	$ (2,160)	8,536
Accounts payable	$ 8,391	10,106
Bank overdraft		(13,757)
Other current liabilities	$ 68,953	55,659
Other long-term liabilities	1,824	1,134
Net cash flows used in operating activities	(217,266)	(226,914)
CASH FLOWS FROM INVESTING ACTIVITIES
Security deposit	(10,000)	(7,500)
Non refundable purchase deposit	(30,000)
Purchase of fixed assets	(16,633)	(403)
Net cash flows used in investing activities	(56,633)	(7,903)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible promissory notes	223,500	$ 232,000
Proceeds from promissory note	$ 63,000
Proceeds from sale of common stock		$ 5,000
Payment of promissory note	$ (57,595)
Net cash flows provided by financing activities	228,905	$ 237,000
Increase (decrease) in cash	(20,746)	2,183
Cash, beginning of period	44,990
Cash, end of period	24,245	$ 5,614
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	$ 15,987
Cash paid for income taxes
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITY
Non-cash additions of convertible notes	$ 24,250

THE COMPANY

THE COMPANY	3 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY	NOTE 1 – THE COMPANY The MaryJane Group, Inc., f/k/a Pladeo Corp., a Nevada corporation (the “Company”), had six wholly-owned subsidiaries at July 31, 2015, as listed below: Date of Mary Jane Entertainment, LLC May 21, 2013 Capital Growth Corporation February 4, 2014 Bud and Breakfast, LLC April 10, 2014 Mary Jane Hospitality, LLC July 22, 2014 MJ Ranch, LLC June 8, 2015 SA Hotel, LLC June 23, 2015 Unless the context otherwise requires, the Company and the above listed wholly-owned subsidiaries collectively are sometimes referred to as “our Company,” “we,” “our,” or “us.” Overview of Operating Businesses On January 1, 2014, the State of Colorado became the first state to legalize the use of recreational marijuana. Colorado residents, who are at least 21 years of age with photo identification, may purchase as much as one ounce of marijuana in a single transaction. Non-Colorado residents, bearing the same identification, may purchase as much as one-quarter ounce. Marijuana cannot be consumed in any public space, including the shops where it was purchased. Our operating subsidiaries, as outlined herein, were formed for the purpose of providing financing to assist Colorado marijuana growers, providing cannabis friendly lodging and to provide value added services of information and entertainment to the consumers supporting the recreational marijuana industry. Bed and Breakfast Lease On June 24, 2015, The MaryJane Group, Inc. (the “Company”) executed a Lease Option Agreement (the “Lease”) with Hotel San Ayre, LLC for the purchase of Hotel San Ayre and its four property locations in Colorado Springs, Colorado. The two-year lease option term commences on July 15, 2015 and terminates the earlier of July 14, 2017 or the closing date of the purchase thereof. The base rental amount for the first 12 months of the Lease is $12,500 and is $13,500 for the last 12 months of the Lease. The Company is responsible for all operation, repair, use and maintenance of the premises during the term of the Lease. Joel Schneider, the Company’s Chief Executive Officer, personally guaranteed the Lease. Upon execution of the Lease, the Company paid a hard deposit of $30,000 which may be applied to the future purchase; however, is not considered a security deposit and is not refundable if the purchase option is not exercised. The purchase price for the Hotel San Ayre is $2,100,000 on an as-is basis. Fiscal year end We elected April 30 th Going concern uncertainty At July 31, 2015, we had an accumulated deficit of $3,764,862 and for the three months ended July 31, 2015, we incurred losses of $830,814. Our ability to continue in business is dependent upon obtaining sufficient financing or attaining profitable operations. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations, and therefore, these matters raise substantial doubt about our ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties, nor do they include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

BASIS OF PRESENTATION AND RECEN

BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	NOTE 2 – BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Interim Financial Statements The accompanying unaudited interim condensed consolidated financial statements of The MaryJane Group, Inc. have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, such financial statements include all adjustments (consisting solely of normal recurring adjustments) necessary for the fair statement of the financial information included herein in accordance with GAAP and the rules and regulations of the Securities and Exchange Commission (the “SEC”). The balance sheet at April 30, 2015 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Results of operations for interim periods are not necessarily indicative of results for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K/A for the year ended April 30, 2015 as filed with the SEC on July 27, 2015. Recently Issued and Newly Adopted Accounting Pronouncements There have been no material changes to our significant accounting policies as summarized in NOTE 2 of our Annual Report on Form 10-K/A for the year ended April 30, 2015. We do not expect that the adoption of any recent accounting pronouncements will have a material impact on our accompanying condensed consolidated financial statements. Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Fair Value of Financial Instruments Our financial instruments consist primarily of receivables, accounts payable, accrued expenses and short- and long-term debt. The carrying amount of receivables, accounts payable and accrued expenses approximates our fair value because of the short-term maturity of such instruments. We have elected not to carry our debt instruments at fair value. The carrying amount of our debt approximates fair value. Interest rates that are currently available to us for issuance of short- and long-term debt with similar terms and remaining maturities are used to estimate the fair value of the our short- and long-term debt and would be considered Level 3 inputs under the fair value hierarchy. We have categorized our assets and liabilities that are valued at fair value on a recurring basis into a three-level fair value hierarchy in accordance with GAAP. Assets and liabilities recorded in the condensed consolidated balance sheets at fair value are categorized based on a hierarchy of inputs, as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 - Unobservable inputs for the asset or liability. The Company’s financial assets and liabilities recorded at fair value on a recurring basis include the fair value of warrant liability as detailed below. The fair value of this warrant liability is included in long-term liabilities on the accompanying condensed consolidated financial statements. The following table provides the financial assets and liabilities reported at fair value and measured on a recurring basis: Description Assets/ Quoted Prices Significant Significant Fair value of warrant liability $ (164,245 ) $ — $ — $ (164,245 ) The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the quarter ended July 31, 2015 Fair Value Balance at April 30, 2015 $ (203,145 ) Issuances of derivative liabilities — Change in fair value of derivative liabilities (802 ) Transfers in and/out of Level 3 — Warrants exercised (38,098 ) Ending balance at July 31, 2015 $ (164,245 ) The above table of Level 3 liabilities begins with the prior period balance and adjusts the balance for changes that occurred during the current period. The ending balance of the Level 3 securities presented above represent our best estimates and may not be substantiated by comparisons to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Reclassifications Certain prior period amounts have been reclassified to conform to current year presentation.

FIXED ASSETS

FIXED ASSETS	3 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
FIXED ASSETS	NOTE 4 – FIXED ASSETS Fixed assets consist of the following: July 31, April 30, Furniture and fixtures $ 39,826 $ 23,194 Leasehold improvements 2,320 2,320 Equipment 865 865 43,011 26,379 Less: accumulated depreciation (10,367 ) (8,066 ) TOTAL PROPERTY AND EQUIPMENT $ 32,644 $ 18,313 Depreciation expense for the three ended July 31, 2015 was $2,301.

PROMISSORY NOTES

PROMISSORY NOTES	3 Months Ended
	Jul. 31, 2015
Notes to Financial Statements
PROMISSORY NOTES	NOTE 5 – PROMISSORY NOTES On February 12, 2015, we entered into a loan agreement with an entity and borrowed $39,000. Pursuant to the terms of the loan agreement, we are required to make 100 equal installments of $553, or an aggregate of $55,300, to repay the principal balance and interest in full. On May 13, 2015, we entered into a new loan agreement with the same lender and borrowed $63,000. Pursuant to the terms of the loan agreement, we are required to make 100 equal installments of $894, or an aggregate of $89,400, to repay the principal balance and interest in full. We used approximately $20,500 to repay the February 12 th On May 22, 2015, a third party purchased a Convertible Promissory Note issued on April 30, 2014 in the aggregate amount of $53,275. We issued a 12% Convertible Promissory Note in the aggregate amount of $53,275. We issued an additional 12% Convertible Promissory Note in the aggregate amount of $38,000. Each note matures May 22, 2016 and is convertible at a 40% discount from the lowest Trading Price in the 10 trading days prior to conversion date. We received $33,000 in net proceeds from this transaction which we used for general working capital. On June 11, 2015, we issued an 8% Convertible Promissory Note in the aggregate amount of $60,000. This note matures on June 11, 2016 and is convertible at 57% of the lowest trading price for the 20 days prior to the conversion date. We received $57,000 in net proceeds from this transaction which we used for general working capital. On June 12, 2015, a third party purchased two Convertible Promissory Notes issued on June 16, 2014 and July 1, 2014. We issued a Convertible Promissory Note in the aggregate amount of $52,087 and an 8% Convertible Promissory Note in the aggregate amount of $30,000. The notes mature June 12, 2016 and is convertible at 59% of the lowest trading price for the 20 days prior to the conversion date. We received $28,500 in net proceeds from this transaction which we used for general working capital. On June 23, 2015, we issued a 10% Convertible Promissory Note in the aggregate amount of $69,000. The note matures June 23, 2016 and is convertible at 50% to the lowest sale price of common stock in (i) 25 trading days immediately prior to the Original Issue Date or (ii) the 25 trading days prior to the conversion date. We received $60,000 in net proceeds from this transaction which we used for general working capital. On June 30, 2015, we issued an 8% Convertible Promissory Note in the aggregate amount of $50,750. The note matures March 30, 2015 and is convertible at 55% of the average of the two lowest prices in the prior 5 trading days prior to the conversion date. We received $45,000 in net proceeds from this transaction which we used for general working capital.

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	3 Months Ended
	Jul. 31, 2015
Other Liabilities Disclosure [Abstract]
OTHER CURRENT LIABILITIES	NOTE 6 – OTHER CURRENT LIABILITIES Other current liabilities consist of the following: July 31, April 30, Payroll tax liability $ 218,556 $ 182,143 Accrued IRS and state interest and penalties 57,479 41,812 Accrued state sales tax interest and penalties 4,133 — Accrued lodging and sales tax 38,191 35,269 Accrued interest expense 6,084 22,373 Accrued payroll 2,212 4,424 Other current liabilities 1,501 1,858 TOTAL OTHER CURRENT LIABILITIES $ 328,156 $ 287,879

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Jul. 31, 2015
Notes to Financial Statements
CAPITAL STOCK	NOTE 7 – CAPITAL STOCK Preferred Stock At July 31, 2015 we had 2,000,000 shares of preferred stock, $0.001 par value authorized (the “Preferred Shares”). We had no Preferred Shares outstanding at July 31, 2015. On On June 19, 2015, the Board of Directors designated 100,000 shares of its blank check preferred stock as Series A Preferred Stock, par value $0.001 per share. Each share of Series A Preferred Stock shall entitle the holder thereof to 10,000 votes on all matters submitted to a vote of the stockholders of the Company. The Certificate of Designation is filed as an exhibit to this Current Report on Form 8K and is incorporated herein by reference. Common Stock At July 31, 2015 we had 2,000,000,000 shares of common stock, $0.001 par value authorized (the “Common Shares”), with 924,862,512 Common Shares issued and outstanding. Common Stock Issuances During the Quarter Ended July 31, 2015 Shares Issued Fair Market Purpose 861,429,828 $ 682,569 Debt conversion 4,000,000 20,000 Pursuant to terms of consulting agreements 28,769,840 38,098 Warrant exercise 894,199,668 $ 740,667 Warrants to Purchase Common Stock of the Company We use the Black-Scholes-Merton option pricing model (“Black-Scholes Model”) to determine the fair value of Warrant(s). The Black-Scholes Model is an acceptable model in accordance with GAAP. Warrant Activity during the Quarter Ended July 31, 2015 On June 26, 2015, warrants issued were exercised as a cashless conversion for 28,769,841 shares, net of 6,944,444 that were surrendered as part of the cashless conversion. The remaining balance of shares eligible to be exercised is 61,085,658 Amendment to Articles of Incorporation On May 11, 2015, the Board of Directors and shareholders owning a majority of the shares outstanding of the Company approved an increase in its authorized shares of common stock. The Company filed a Certificate of Amendment to Certificate of Incorporation with the Nevada Secretary of State to increase its authorized shares of common stock from 200,000,000 to 1,000,000,000 shares, $0.001 par value per share. On June 19, 2015, the Board of Directors designated 100,000 shares of its blank check preferred stock as Series A Preferred Stock, par value $0.001 per share. Each share of Series A Preferred Stock shall entitle the holder thereof to 10,000 votes on all matters submitted to a vote of the stockholders of the Company. On June 25, 2015, the Board of Directors and a majority of the shareholders approved an increase in its authorized shares and filed a Certificate of Amendment to Certificate of Incorporation with the Nevada Secretary of State to increase its authorized capital to 2,002,000,000 shares including 2,000,000,000 shares of common stock, $0.001 par value per share, and 2,000,000 of preferred stock, $0.001 par value per share. Issuance of Series A Preferred Stock On June 23, 2015, the Board of Directors approved the issuance of 100,000 shares of Series A Preferred Stock to Joel Schneider, the Company’s Chief Executive Office and President, for certain financial accommodations made to the Company including personal guarantees on loans and property leases.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS Conversion of Debt Subsequent to July 31, 2015, approximately $28,600 of principal and interest was converted into an aggregate of 71,500,000 shares of common stock. Issuance of Convertible Promissory Notes On August 6, 2015, we issued an 8% Convertible Promissory Note in the aggregate amount of $36,750. This note matures on August 6, 2016 and is convertible at 57% of the lowest trading price for the 20 days prior to the conversion date. We received $35,000 in net proceeds from this transaction which we used for general working capital. On August 19, 2015, we issued a 10% Convertible Promissory Note in the aggregate amount of $29,850. The note matures August 19, 2016 and is convertible at 50% to the lowest sale price of common stock in (i) 25 trading days immediately prior to the Original Issue Date or (ii) the 25 trading days prior to the conversion date. We received $25,000 in net proceeds from this transaction which we used for general working capital. Issuance of Promissory Notes On August 19, 2015, we entered into a loan agreement with an entity and borrowed $50,000. Pursuant to the terms of the loan agreement, we are required to make 112 equal installments of $625, or an aggregate of $70,000, to repay the principal balance and interest in full. We received $50,000 in net proceeds from this transaction which we used for general working capital.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Our financial instruments consist primarily of receivables, accounts payable, accrued expenses and short- and long-term debt. The carrying amount of receivables, accounts payable and accrued expenses approximates our fair value because of the short-term maturity of such instruments. We have elected not to carry our debt instruments at fair value. The carrying amount of our debt approximates fair value. Interest rates that are currently available to us for issuance of short- and long-term debt with similar terms and remaining maturities are used to estimate the fair value of the our short- and long-term debt and would be considered Level 3 inputs under the fair value hierarchy. We have categorized our assets and liabilities that are valued at fair value on a recurring basis into a three-level fair value hierarchy in accordance with GAAP. Assets and liabilities recorded in the condensed consolidated balance sheets at fair value are categorized based on a hierarchy of inputs, as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 - Quoted prices for similar assets or liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 - Unobservable inputs for the asset or liability. The Company’s financial assets and liabilities recorded at fair value on a recurring basis include the fair value of warrant liability as detailed below. The fair value of this warrant liability is included in long-term liabilities on the accompanying condensed consolidated financial statements. The following table provides the financial assets and liabilities reported at fair value and measured on a recurring basis: Description Assets/ Quoted Prices Significant Significant Fair value of warrant liability $ (164,245 ) $ — $ — $ (164,245 ) The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the quarter ended July 31, 2015 Fair Value Balance at April 30, 2015 $ (203,145 ) Issuances of derivative liabilities — Change in fair value of derivative liabilities (802 ) Transfers in and/out of Level 3 — Warrants exercised (38,098 ) Ending balance at July 31, 2015 $ (164,245 ) The above table of Level 3 liabilities begins with the prior period balance and adjusts the balance for changes that occurred during the current period. The ending balance of the Level 3 securities presented above represent our best estimates and may not be substantiated by comparisons to independent markets and, in many cases, could not be realized in immediate settlement of the instruments.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to current year presentation.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Jul. 31, 2015
Summary Of Significant Accounting Policies Tables
Schedule of financial assets and liabilities reported at fair value and measured on a recurring basis	The following table provides the financial assets and liabilities reported at fair value and measured on a recurring basis: Description Assets/ Quoted Prices Significant Significant Fair value of warrant liability $ (164,245 ) $ — $ — $ (164,245 )
Schedule of change in fair value associated with Liabilities	The following table provides a summary of changes in fair value associated with the Level 3 liabilities for the quarter ended July 31, 2015 Fair Value Balance at April 30, 2015 $ (203,145 ) Issuances of derivative liabilities — Change in fair value of derivative liabilities (802 ) Transfers in and/out of Level 3 — Warrants exercised (38,098 ) Ending balance at July 31, 2015 $ (164,245 )

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	3 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Fixed assets consist of the following: July 31, April 30, Furniture and fixtures $ 39,826 $ 23,194 Leasehold improvements 2,320 2,320 Equipment 865 865 43,011 26,379 Less: accumulated depreciation (10,367 ) (8,066 ) TOTAL PROPERTY AND EQUIPMENT $ 32,644 $ 18,313

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Jul. 31, 2015
Other Liabilities Disclosure [Abstract]
Other Current Liabilities [Table Text Block]	Other current liabilities consist of the following: July 31, April 30, Payroll tax liability $ 218,556 $ 182,143 Accrued IRS and state interest and penalties 57,479 41,812 Accrued state sales tax interest and penalties 4,133 — Accrued lodging and sales tax 38,191 35,269 Accrued interest expense 6,084 22,373 Accrued payroll 2,212 4,424 Other current liabilities 1,501 1,858 TOTAL OTHER CURRENT LIABILITIES $ 328,156 $ 287,879

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	3 Months Ended
	Jul. 31, 2015
Capital Stock Tables
Schedule of Common Stock Issuances During the Year	Common Stock Issuances During the Quarter Ended July 31, 2015 Shares Issued Fair Market Purpose 861,429,828 $ 682,569 Debt conversion 4,000,000 20,000 Pursuant to terms of consulting agreements 28,769,840 38,098 Warrant exercise 894,199,668 $ 740,667

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Fair value of warrant liability	$ (164,245)	$ (203,145)
Assets [Member]
Fair value of warrant liability	$ (164,245)
Assets [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of warrant liability
Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of warrant liability
Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value of warrant liability	$ (164,245)

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Summary Of Significant Accounting Policies Details 2
Fair value of warrant liability	$ (203,145)
Issuances of derivative liabilities
Change in fair value of derivative liabilities	$ (802)
Transfers in and/out of Level 3
Warrants exercised	$ (38,098)
Fair value of warrant liability	$ (164,245)

FIXED ASSETS (Details)

FIXED ASSETS (Details) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2015
Property, Plant and Equipment, Gross	$ 43,011		$ 26,379
Less: accumulated depreciation	(10,367)		(8,066)
Property, Plant and Equipment, Net	32,644		18,313
Depreciation	2,301	$ 1,008
Furniture and Fixtures [Member]
Property, Plant and Equipment, Gross	39,826		23,194
Leasehold Improvements [Member]
Property, Plant and Equipment, Gross	2,320		2,320
Equipment [Member]
Property, Plant and Equipment, Gross	$ 865		$ 865

PROMISSORY NOTES (Details Narra

PROMISSORY NOTES (Details Narrative) - Feb. 12, 2015	USD ($)Integer
Notes to Financial Statements
Loan borrowes with an entity	$ 39,000
No Of Installments | Integer	100
Installment Amount	$ 553

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($)	Jul. 31, 2015	Apr. 30, 2015	Apr. 30, 2014
Other Current Liabilities Details
Payroll tax liability	$ 218,556		$ 182,143
Accrued IRS and state interest and penalties	57,479		$ 41,812
Accrued state sales tax interest and penalties	4,133
Accrued lodging taxes	38,191		$ 35,269
Accrued interest expense	6,084		22,373
Accrued payroll	2,212		4,424
Other current liabilities	1,501		1,858
TOTAL OTHER CURRENT LIABILITIES	$ 328,156	$ 287,879	$ 287,879