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Document and Entity Information
6 Months Ended
Oct. 31, 2012
Dec. 07, 2012
Document Type 10-Q
Amendment Flag false
Document Period End Date Oct 31, 2012
Trading Symbol cpah
Entity Registrant Name COUNTERPATH CORP
Entity Central Index Key 0001236997
Current Fiscal Year End Date --04-30
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 41,834,977
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well Known Seasoned Issuer No
Document Fiscal Year Focus 2013
Document Fiscal Period Focus Q2
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INTERIM CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2012
Apr. 30, 2012
Current assets:
Cash $ 11,669,746 $ 8,154,139
Accounts receivable (net of allowance for doubtful accounts of $328,188 and $334,294 respectively) 4,733,123 4,014,472
Prepaid expenses and deposits 83,861 170,556
Total current assets 16,486,730 12,339,167
Deposits 126,551 62,521
Equipment 233,282 101,024
Intangible assets (net of accumulated amortization of $5,909,873 and $5,890,282, respectively) 19,425 38,853
Derivative instruments 65,461 0
Goodwill 8,783,088 8,957,977
Other assets 84,819 44,402
Total Assets 25,799,356 21,543,944
Current liabilities:
Accounts payable and accrued liabilities 2,318,598 2,416,489
Derivative instruments 969,451 2,026,944
Unearned revenue 1,594,643 1,308,174
Customer deposits 13,872 13,872
Accrued warranty 87,555 84,948
Total current liabilities 4,984,119 5,850,427
Deferred lease inducements 45,314 56,082
Unrecognized tax benefit 98,575 98,575
Total liabilities 5,128,008 6,005,084
Stockholders' equity:
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: October 31, 2012 - 1; April 30, 2012 - 1 0 0
Common stock, $0.001 par value Authorized: 83,076,900 Issued and outstanding: October 31, 2012 - 41,724,874; April 30, 2012 - 39,960,479 41,725 39,961
Additional paid-in capital 65,742,529 61,025,529
Accumulated deficit (44,904,338) (45,446,771)
Accumulated other comprehensive income - currency translation adjustment (208,568) (79,859)
Total stockholders' equity 20,671,348 15,538,860
Liabilities and Stockholders' Equity $ 25,799,356 $ 21,543,944
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INTERIM CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
Oct. 31, 2012
Apr. 30, 2012
Allowance for Doubtful Accounts Receivable, Current $ 328,188 $ 334,294
Accumulated Amortization of Intangible Assets $ 5,909,873 $ 5,890,282
Preferred Stock, Par Value Per Share $ 0.001 $ 0.001
Preferred Stock, Shares Authorized 100,000,000 100,000,000
Preferred Stock, Shares Issued 1 1
Preferred Stock, Shares Outstanding 1 1
Common Stock, Par Value Per Share $ 0.001 $ 0.001
Common Stock, Shares Authorized 83,076,900 83,076,900
Common Stock, Shares, Issued 41,724,874 39,960,479
Common Stock, Shares, Outstanding 41,724,874 39,960,479
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INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Oct. 31, 2011
Revenue :
Software $ 1,811,815 $ 2,127,860 $ 4,339,871 $ 3,711,911
Service 1,750,972 1,345,993 3,610,684 2,520,676
Total revenue 3,562,787 3,473,853 7,950,555 6,232,587
Operating expenses:
Cost of sales (includes depreciation of $22,071 (2011 - $12,363) and amortization of intangible assets of $19,591 (2011 - $484,174)) 626,006 648,201 1,185,799 1,508,346
Sales and marketing 1,028,217 921,232 2,083,252 1,743,266
Research and development 1,284,594 1,114,017 2,645,606 2,106,528
General and administrative 1,164,092 1,020,033 2,543,411 2,054,307
Total operating expenses 4,102,909 3,703,483 8,458,068 7,412,447
Loss from operations (540,122) (229,630) (507,513) (1,179,860)
Interest and other income (expense), net:
Interest and other income 18,090 49,483 61,943 98,836
Interest expense (154) (442) (624) (171,684)
Fair value adjustment on derivative instruments 208,036 282,014 993,164 427,728
Foreign exchange gain (loss) (10,955) 10,624 (4,537) 11,311
Net income (loss) for the period $ (325,105) $ 112,049 $ 542,433 $ (813,669)
Net income (loss) per share: Basic and diluted $ (0.01) $ 0 $ 0.01 $ (0.02)
Weighted average common shares outstanding: 41,592,776 39,552,114 41,159,949 37,692,012
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INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)
6 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Depreciation $ 22,071 $ 12,363
Amortization of Intangible Assets $ 19,591 $ 484,174
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INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
3 Months Ended 6 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Oct. 31, 2011
Net income (loss) for the period $ (325,105) $ 112,049 $ 542,433 $ (813,669)
Other comprehensive income (loss):
Foreign currency translation adjustments 31,857 (366,823) (128,709) (413,880)
Comprehensive income (loss) $ (293,248) $ (254,774) $ 413,724 $ (1,227,549)
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INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Cash flows from operating activities:
Net loss for the period $ 542,433 $ (813,669)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 81,830 60,050
Amortization of intangible assets 19,591 484,174
Stock-based compensation 611,375 374,184
Change in fair value of derivative liability (993,164) (427,728)
Foreign exchange gain (loss) 4,537 (11,311)
Accretion of debenture discount 0 159,798
Changes in assets and liabilities:
Accounts receivable (715,238) (661,921)
Other current assets 86,818 24,693
Decrease in other assets (47,560) (25,658)
Accounts payable and accrued liabilities (76,320) (265,299)
Unearned revenue 286,469 (39,056)
Customer deposits 0 65
Accrued warranty 2,607 (36,796)
Net cash used in operating activities (196,622) (1,178,474)
Cash flows from investing activities:
Purchase of equipment (213,927) (671)
Deposits (42,560) (1,004)
Net cash used in investing activities (256,487) (1,675)
Cash flows from financing activities:
Common stock issued, net of transaction costs 3,977,598 6,683,718
Net cash provided by financing activities 3,977,598 6,683,718
Foreign exchange effect on cash (8,882) 29,668
Increase (decrease) in cash 3,515,607 5,533,237
Cash, beginning of the period 8,154,139 1,707,397
Cash, end of the period 11,669,746 7,240,634
Supplemental disclosure of cash flow information Cash paid for:
Interest $ 624 $ 5,297
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INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY (USD $)
Common shares [Member]
USD ($)
Preferred shares [Member]
Additional Paid-in Capital [Member]
USD ($)
Accumulated Deficit [Member]
USD ($)
Accumulated Other Comprehensive Income [Member]
USD ($)
Total
USD ($)
Beginning Balance at Apr. 30, 2012 $ 39,961 $ 61,025,529 $ (45,446,771) $ (79,859) $ 15,538,860
Beginning Balance (Shares) at Apr. 30, 2012 39,960,479 1
Private Placements 1,465 3,577,870 3,579,335
Private Placements (Shares) 1,465,000
Proceeds allocated on exercise of warrants 129,790 129,790
Less: Share issue costs (15,591) (15,591)
Shares issued on exercise of warrants 167 320,994 321,161
Shares issued on exercise of warrants (Shares) 167,103
Exercise of stock options 132 92,562 92,694
Exercise of stock options (Shares) 132,292
Stock-based compensation 611,375 611,375
Net income for the period 542,433 542,433
Foreign currency translation adjustment (128,709) (128,709)
Ending Balance at Oct. 31, 2012 $ 41,725 $ 65,742,529 $ (44,904,338) $ (208,568) $ 20,671,348
Ending Balance (Shares) at Oct. 31, 2012 41,724,874 1
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Nature of Operations
6 Months Ended
Oct. 31, 2012
Nature of Operations [Text Block]
Note 1 Nature of Operations

CounterPath Corporation (the “Company”) was incorporated in the State of Nevada on April 18, 2003. The Company’s common shares are quoted for trading on the NASDAQ Capital Market in the United States of America and on the Toronto Stock Exchange in Canada.

On August 2, 2007, the Company acquired all of the shares of NewHeights Software Corporation (“NewHeights”) through the issuance of 7,680,168 shares of the Company’s common stock and 369,836 preferred shares issued from a subsidiary of the Company exchangeable into 369,836 shares of common stock of the Company. For accounting purposes, the Company was deemed to be the acquirer of NewHeights based on certain factors including the number of common shares issued in the transaction as a proportion of the total common shares outstanding, and the composition of the board after the transaction.

On February 1, 2008, the Company acquired FirstHand Technologies Inc. (“FirstHand”), a private Ontario, Canada corporation, through the issuance of 5,900,014 shares of the Company’s common stock. For accounting purposes, the Company was deemed to be the acquirer of FirstHand based on certain factors including the number of common shares issued in the transaction as a proportion of the total common shares outstanding, and the composition of the board after the transaction.

On February 1, 2008, the Company acquired BridgePort Networks, Inc. (“BridgePort”), a private Delaware corporation, by way of merger in consideration for the assumption of all of the assets and liabilities of BridgePort. For accounting purposes, the Company was deemed to be the acquirer of BridgePort based on certain factors primarily being the composition of the board after the transaction.

On February 5, 2008, the Company's wholly-owned subsidiaries, NewHeights and CounterPath Solutions R&D Inc. were amalgamated under the name CounterPath Technologies Inc.

On November 1, 2010, the Company's wholly-owned subsidiaries, FirstHand Technologies Inc. and CounterPath Technologies Inc. were amalgamated under the name CounterPath Technologies Inc.

The Company focuses on the design, development, marketing and sales of personal computer and mobile communications application software, server software and related professional services, such as pre and post sales technical support and customization services. The Company’s products are sold into the Voice over Internet Protocol (VoIP) market primarily to telecom carriers, telecom original equipment manufacturers and businesses in North America, Central and South America, Europe and Asia.

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Significant Accounting Policies
6 Months Ended
Oct. 31, 2012
Significant Accounting Policies [Text Block]
Note 2 Significant Accounting Policies

These interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America and are stated in U.S. dollars except where otherwise disclosed. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for the period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates.

These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities and commitments in the normal course of business.

  a)

Basis of Presentation

     
   

These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, CounterPath Technologies Inc., a company existing under the laws of the province of British Columbia, Canada, and BridgePort Networks, Inc. incorporated under the laws of the state of Delaware. The results of NewHeights Software Corporation (which subsequently was amalgamated with another subsidiary to become CounterPath Technologies Inc.) are included from August 2, 2007, the date of acquisition. The results of FirstHand Technologies Inc. (which subsequently was amalgamated with CounterPath Technologies Inc.) and BridgePort Networks, Inc. are included from February 1, 2008, the date of acquisition. All inter-company transactions and balances have been eliminated.


  b)

Interim Reporting

     
   

The information presented in the accompanying interim consolidated financial statements is without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

     
   

These statements reflect all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. Except where noted, these interim financial statements follow the same accounting policies and methods of their application as the Company’s April 30, 2012 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s April 30, 2012 annual consolidated financial statements.

     
   

Operating results for the six months ended October 31, 2012 are not necessarily indicative of the results that can be expected for the year ending April 30, 2013.


  c)

New Accounting Pronouncements

     
   

In May 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs , which aligns the fair value measurement and disclosure requirements in U.S. GAAP and the International Financial Reporting Standards (IFRSs). Many of the amendments in this ASU will not result in a change in requirements, but simply clarify existing requirements. The amendments in this ASU that do change a principle or requirement for measuring fair value or disclosing information about fair value measurements include the following: (1) the ASU permits an exception for measuring fair value when a reporting entity manages its financial instruments on the basis of its net exposure, rather than gross exposure, to those risks; (2) the ASU clarifies that the application of premiums and discounts in a fair value measurement is related to the unit of account for the asset or liability being measured at fair value; (3) the ASU prohibits blockage discounts for level 2 and 3 investments; and (4) the amendments expand the fair value measurement disclosures. The ASU is to be applied prospectively. For public entities, the ASU is effective during interim and annual periods beginning after December 15, 2011. The Company adopted the requirements of this ASU, and it did not materially impact the consolidated financial statements.

     
   

In June 2011 the FASB issued Accounting Standards Update (ASU) 2011-05, Presentation of Comprehensive Income , which eliminates the option of presenting the components of other comprehensive income (OCI) as part of the statement of changes in stockholders’ equity. The ASU instead permits an entity to present the total of comprehensive income, the components of net income and the components of OCI either in a single continuous statement of comprehensive income or in two separate but consecutive statements. With either format, the entity is required to present each component of net income along with total net income, each component of OCI along with the total for OCI, and a total amount for comprehensive income. Also, the ASU requires entities to present, for either format, reclassification adjustments for items that are reclassified from OCI to net income in the statement(s) where the components of net income and the components of OCI are presented. This ASU is to be applied retrospectively. For public entities, the ASU is effective for interim and annual periods beginning after December 15, 2011. The Company early implemented the requirements and present net income and comprehensive income in two separate but consecutive statements. The Company changed the presentation of comprehensive income from the period ended July 31, 2012.

     
   

In May 2011, the FASB issued Accounting Standards Update (ASU) 2011-04, "Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS." There are few differences between the ASU and IFRS 13. While the ASU is largely consistent with existing fair value measurement principles in U.S. GAAP, it expands ASC 820's existing disclosure requirements for fair value measurements and makes other amendments. The amendments in the update became effective for fiscal years and interim periods beginning after December 15, 2011. The Company has adopted this standard, and it did not materially impact the consolidated financial statements.

     
   

In September 2011, the FASB issued Accounting Standards Update (ASU) 2011-08 to simplify how tests for potential goodwill impairment are performed. These amended standards permit an assessment of qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit in which goodwill resides is less than its carrying value. For reporting units in which this assessment concludes it is more likely than not that the fair value is more than its carrying value, these amended standards eliminate the requirement to perform further goodwill impairment testing as required under the previous standards. The ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 31, 2011. Early adoption was permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011 if an entity’s financial statements had not yet been issued. The Company early adopted this standard on September 30, 2011 and it did not materially impact the Company’s consolidated financial statements.


  d)

Derivative Financial Instruments

     
   

Foreign currency contracts are used by the Company to offset fluctuations in exchange rates. The Company’s foreign currency risk management program includes foreign currency derivatives with cash flow hedge accounting designation that utilizes foreign currency forward contracts to hedge exposures to the variability in the U.S. dollar equivalent of anticipated non-U.S. dollar-denominated cash flows. These instruments generally have a maturity of less than one year. For these derivatives, the Company reports the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) in stockholders’ equity and reclassifies it into earnings in the same period in which the hedged transaction affects earnings, and within the same line item on the consolidated statements of operations as the impact of the hedged transaction. There can be no assurance that our hedging program will not result in a negative impact on our earnings and earnings per share. The Company did not enter any foreign currency derivatives designated as cash flow hedges in the three and six month periods ended October 31, 2012.

     
   

The Company also routinely enter into foreign currency forward contracts, not designated as hedging instruments, to protect us from fluctuations in exchange rates. Gains or losses arising out of marked to market fair value valuation of forward contracts, not designated as hedges, are recognized in earnings.

     
  e)

Goodwill and Intangible Assets

     
   

Goodwill represents the excess purchase price over the estimated fair value of net assets acquired as of the acquisition date. ASC Topic 350 requires goodwill to be tested for impairment annually or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company's business enterprise below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Recoverability of goodwill is measured at the reporting unit level by comparing the reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit, which is measured based upon, among other factors, market multiples for comparable companies as well as a discounted cash flow analysis.

     
   

Management has determined that the Company currently has a single reporting unit which is CounterPath Corporation. If the recorded value of the assets, including goodwill, and liabilities (“net book value”) of the reporting unit exceeds its fair value, an impairment loss may be required.

     
   

Goodwill of $6,339,717 (CDN$6,704,947) and $2,083,960 (CDN$2,083,752) was initially recorded in connection with the acquisition of NewHeights Software Corporation on August 2, 2007 and FirstHand Technologies Inc. on February 1, 2008. Translated to U.S. dollars using the period end rate, the goodwill balance at October 31, 2012 was $6,700,924 (CDN$6,704,947) (April 30, 2012 - $6,834,353) and $2,082,164 (CDN$2,083,752) (April 30, 2012 - $2,123,624), respectively. Management will perform its annual impairment test in its fiscal fourth quarter. No impairment charges were recorded for the six months ended October 31, 2012 and 2011.

     
   

The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

     
   

Intangible assets include the intangibles purchased in connection with the acquisition of NewHeights Software Corporation on August 2, 2007, and FirstHand Technologies Inc. and BridgePort Networks, Inc. on February 1, 2008.

     
   

The intangible assets of NewHeights are reported at acquisition cost and include amounts initially allocated to acquired technologies of $3,454,839 (CDN$3,678,100) and customer asset of $2,283,908 (CDN$2,431,500). The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

     
   

The intangible assets of FirstHand are reported at acquisition cost and include amounts initially allocated to acquired technologies of $2,804,700 (CDN$2,804,700) and customer asset of $587,000 (CDN$587,000). The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

     
   

The intangible assets of BridgePort are being carried and reported at acquisition cost and include amounts initially allocated to acquired technologies of $476,703 and customer asset of $43,594. The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

     
   

A summary of the Company’s intangible assets, net, at October 31, 2012 is as follows:

     
                  Accumulated        
            Accumulated     Impairment     Net Carrying  
      Cost     Amortization     Charge     Amount  
  Acquired technologies $   6,306,336   $   4,417,678   $   1,888,658   $  –  
  Customer assets   2,727,648     1,492,195     1,216,028     19,425  
  Intangible assets $   9,033,984   $   5,909,873   $   3,104,686   $   19,425  
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Related Party Transactions
6 Months Ended
Oct. 31, 2012
Related Party Transactions [Text Block]
Note 3 Related Party Transactions

The Company’s Chairman is the Chairman and founding shareholder of Mitel Networks Corporation (“Mitel”). On July 31, 2008, the Company entered into a source code license agreement whereby the Company licensed to Mitel the source code for the Your Assistant product in consideration of a payment of $650,000. Associated with the agreement, as amended on April 6, 2009, were license fees paid by Mitel of $13.50 per copy deployed, declining to $9.00 per copy deployed after two years and declining from $9.00 to nil after four years. In addition, the agreement provided Mitel with a first right to match any third party offer to purchase the source code software and related intellectual property. The Company’s software license revenue for the three and six months ended October 31, 2012, pursuant to the terms of these agreements, was $nil and $134,493 (2011 - $99,744 and $208,386), respectively. As at October 31, 2012, the Company had an accounts receivable balance from Mitel of $nil (April 30, 2012 - $242,469), and an accounts payable balance to Mitel of $44,000 (April 30, 2012 - $nil).

During the three and six months ended October 31, 2012, the Company through its wholly owned subsidiary, CounterPath Technologies Inc., paid $21,025 and $42,049 (2011 - $20,141 and $41,171), respectively, to Kanata Research Park Corporation (“KRP”) for leased office space. KRP is controlled by the Chairman of the Company.

In connection with a non-brokered private placement which closed on October 29, 2010, the Company issued a convertible debenture in the principal amount of $490,750 (CDN$500,000) to Wesley Clover Corporation, a company controlled by the Chairman of the Company. In connection with a subsequent private placement on June 14, 2011, Wesley Clover Corporation converted its outstanding convertible debentures of the Company in the aggregate principal amount of $490,750 to 358,211 shares of common stock. The debenture was convertible by the holder at any time prior to maturity, in whole or in part into common shares of the Company at a conversion price of $1.37 per share. The convertible debenture was unsecured, bearing interest at the prime bank rate as quoted by the Bank of Montreal with interest payable monthly and maturing on July 30, 2012.

In connection with a non-brokered private placement of 3,333,334 units which closed on October 29, 2009, Wesley Clover Corporation purchased 1,666,667 units, at a price of $0.56 (CDN$0.60) per unit, for aggregate proceeds of $933,881 (CDN$1,000,000). Each unit consisted of one share of common stock and one-half of one non-transferable common share purchase warrant. In the event that Wesley Clover did not exercise all of the warrants on or before August 31, 2011, a default amount of $250,000 would have been immediately due and payable to the Company and such default amount would have incurred interest at the rate of 2% per month (on a pro-rata basis) on the default amount until the default amount was paid in full.

On August 24, 2011, Wesley Clover Corporation exercised 833,334 warrants at the original exercise price of $0.90 per common share.

The Company’s Chairman is a beneficial shareholder of Mitel Trade s.r.o. On January 30, 2012, the Company sold products and services to Mitel Trade s.r.o. for consideration of $208,992. The Company’s revenue for the three and six months ended October 31, 2012, pursuant to the terms of this sale, was $10,969 and $21,938 (2011 - $nil and $nil), respectively. As at October 31, 2012, the Company had an accounts receivable balance from Mitel Trade s.r.o. of $206,500 (April 30, 2012 - $206,500).

The above transactions are in the normal course of operations and are recorded at amounts established and agreed to between the related parties.

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Derivative Instruments and Fair Value Measurement
6 Months Ended
Oct. 31, 2012
Derivative Instruments and Fair Value Measurement [Text Block]
Note 4 Derivative Instruments and Fair Value Measurement

Forward Contracts

In the normal course of business, the Company is exposed to fluctuations in interest rates and the exchange rates associated with foreign currencies. The Company’s primary objective for holding derivative financial instruments is to manage foreign currency exchange rate risk.

The Company addresses certain financial exposures through a controlled program of risk management that includes the use of derivative financial instruments. The Company’s foreign currency risk management program includes foreign currency derivatives with cash flow hedge accounting designation that utilizes foreign currency forward contracts to hedge exposures to the variability in the U.S. dollar equivalent of anticipated non-U.S. dollar-denominated cash flows. These instruments generally have a maturity of less than one year. For these derivatives, the Company reports the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) in stockholders’ equity and reclassifies it into earnings in the same period in which the hedged transaction affects earnings, and within the same line item on the consolidated statements of operations as the impact of the hedged transaction. There can be no assurance that the Company’s hedging program will not result in a negative impact on the Company’s earnings and earnings per share. The Company did not enter any foreign currency derivatives designated as cash flow hedges in the quarter ended October 31, 2012.

The Company also routinely enters into foreign currency forward contracts, not designated as hedging instruments, to protect it from fluctuations in exchange rates. As of October 31, 2012, the Company had $2,000,000 of notional value foreign currency forward contracts maturing through February 25, 2013. Notional amounts do not quantify risk or represent assets or liabilities of the Company, but are used in the calculation of cash settlements under the contracts. The fair value marked to market gain (loss) of forward contracts as of October 31, 2012 is $65,461.

Derivative Warrant Liability

Following the guidance in ASC 815-40-15, the Company recorded the warrants issued on June 14, 2011 as derivative liabilities due to their exercise price being denominated in a currency other than the Company’s U.S. dollar functional currency. The fair value of the derivative liability is revalued at the end of each reporting period, and the change in fair value of the derivative liability is recorded as a gain or loss in the Company’s consolidated statements of operations.

The warrant liability is accounted for at its fair value as follows:

      Fair Value  
  Fair value of warrant liability, at issuance $   1,311,141  
  Change in fair value of warrant liability for the period   715,803  
  Fair value of warrant liability at April 30, 2012   2,026,944  
  Change in fair value of warrant liability for the period   (927,703 )
  Warrants exercised during the period   (129,790 )
  Fair value of warrant liability at October 31, 2012 $   969,451  

The Company used the Binomial method to estimate the fair value of the June 14, 2011 warrants with the following assumptions:

    As at As at the date of issuance
    October 31, 2012 June 14, 2011
  Risk-free interest rate 0.18% 1.60%
  Expected volatility 70% 70%
  Expected term 0.12 years to 0.62 years 1.5 years to 2 years
  Dividend yield 0% 0%

The warrant liability is revalued at the end of each reporting period with the change in the fair value of the derivative liability recorded as a gain or loss in the Company’s consolidated statement of operations. The fair value of the warrants will continue to be classified as a liability until such time as they are exercised, expire or there is an amendment to the respective agreements that renders these financial instruments to be no longer classified as a liability.

At the time of the June 14, 2011 private placement offering, the Company allocated the proceeds to each of the common shares and the one-half of one common share purchase warrants. Because the warrants were classified as a liability and are subsequently marked to fair value through earnings in each reporting period, the Company allocated the proceeds of $1,311,141 to the warrants at inception with the residual proceeds of $3,773,946 allocated to common stock.

During the six months ended October 31, 2010, the Company entered into a warrant agreement with a customer whereby the Company issued 1,000,000 stock purchase warrants as part of a contract that the Company entered into with the customer. The fair value of 320,000 stock purchase warrants that was charged to revenue during the six months ended October 31, 2011 was $136,934. The warrants expired unexercised on July 30, 2012.

Fair Value Measurement

When available, the Company uses quoted market prices to determine fair value, and classifies such measurements within Level 1. In some cases where market prices are not available, the Company makes use of observable market–based inputs to calculate fair value, in which case the measurements are classified within Level 2. If quoted or observable market prices are not available, fair value is based upon internally developed models that use, where possible, current market–based parameters such as interest rates, yield curves and currency rates. These measurements are classified within Level 3.

Fair value measurements are classified according to the lowest level input or value–driver that is significant to the valuation.

A measurement may therefore be classified within Level 3 even though there may be significant inputs that are readily observable. The Company did not have any non-recurring fair value measurements in the three or six month period ended October 31, 2012. No non-recurring fair value measurements were required relating to the testing of goodwill and other intangible assets for impairments.

The following describes the Company’s recurring fair value measurements:

Fair value measurement includes the consideration of non–performance risk. Non–performance risk refers to the risk that an obligation (either by a counterparty or us) will not be fulfilled. For financial assets traded in an active market (Level 1), the non–performance risk is included in the market price. For certain other financial assets and liabilities (Level 2 and 3), our fair value calculations have been adjusted to reflect non-performance risk.

The fair value of the derivative instrument is primarily based on standard industry accepted Binomial model.

  As at October 31, 2012   Fair Value     Level 1     Level 2     Level 3  
  Derivative warrant liability $   (969,451 ) $   -   $   -   $   (969,451 )
  Forward exchange contracts   65,461     65,461     -     -  
  Total Liabilities $   (903,990 ) $   65,461   $   -   $   (969,451 )
                           
                           
  As at April 30, 2012   Fair Value     Level 1     Level 2     Level 3  
  Derivative warrant liability $   (2,026,944 ) $   -   $   -   $   (2,026,944 )
  Forward exchange contracts   -     -     -     -  
  Total Liabilities $   (2,026,944 ) $   -   $   -   $   (2,026,944 )
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Common Stock
6 Months Ended
Oct. 31, 2012
Common Stock [Text Block]
Note 5 Common Stock

Private Placement

On June 14, 2011, the Company issued an aggregate of 3,145,800 units under a brokered private placement for aggregate gross proceeds of $5,636,170 (CDN$5,505,150) at a price of $1.79 (CDN$1.75) per unit, with each unit consisting of one share of the Company’s common stock and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the Company’s common stock at an exercise price of CDN$2.25 per share until June 14, 2013. In connection with the offering, the Company issued an aggregate of 220,206 broker warrants, with each broker warrant entitling the holder thereof to purchase one common share of the Company at an exercise price of CDN$1.75 per share until December 14, 2012. In addition, the Company incurred $605,922 in share issue costs.

On June 19, 2012, the Company issued an aggregate of 1,465,000 units under a non–brokered private placement for aggregate gross proceeds of CDN $3,662,500 ($3,579,335) at a price of CDN$2.50 ($2.24) per unit, with each unit consisting of one share of the Company’s common stock and one–half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the Company’s common stock at an exercise price of $3.25 per share until June 19, 2014.

Stock Options

The Company has a stock option plan under which options to purchase common shares of the Company may be granted to employees, directors and consultants. Stock options entitle the holder to purchase common stock at a subscription price determined by the Board of Directors of the Company at the time of the grant. The options generally vest in the amount of 12.5% on the date which is six months from the date of grant and then beginning in the seventh month at 1/42 per month for 42 months, at which time the options are fully vested.

The maximum number of shares of common stock authorized by the stockholders and reserved for issuance by the Board of Directors of the Company under the 2010 Stock Option Plan is 6,860,000.

The Company has elected to use the Black-Scholes option pricing model to determine the fair value of stock options granted. In accordance with ASC 718 for employees, the compensation expense is amortized on a straight-line basis over the requisite service period which approximates the vesting period. Compensation expense for stock options granted to non-employees is amortized over the vesting period or, if none exists, over the service period. Compensation associated with unvested options granted to non-employees is remeasured on each balance sheet date using the Black-Scholes option pricing model.

The expected volatility of options granted has been determined using the method described under ASC 718 using the historical stock price. The expected term of options granted to employees in the current fiscal period has been determined utilizing the “simplified” method as prescribed by ASC 718 Share-Based Payment.

For non-employees, based on the Company’s history, the expected term of the options approximates the full term of the options. The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected term of the stock options. The Company has not paid and does not anticipate paying dividends on its common stock; therefore, the expected dividend yield is assumed to be zero. In addition, ASC 718 requires companies to utilize an estimated forfeiture rate when calculating the expense for the period, whereas prior to the adoption of ASC 718 the Company recorded forfeitures based on actual forfeitures and recorded a compensation expense recovery in the period when the awards were forfeited. As a result, based on the Company’s experience, the Company applied an estimated forfeiture rate of 15% for the six month period ended October 31, 2012 and 2011 in determining the expense recorded in the accompanying consolidated statement of operations.

The weighted-average fair value of options granted during the six months ended October 31, 2012 was $2.90 (2011 - $nil). The weighted-average assumptions utilized to determine such values are presented in the following table:

      Six Months Ended  
      October 31, 2012     October 31, 2011  
  Risk-free interest rate   0.62%     n/a  
  Expected volatility   74.47%     n/a  
  Expected term   3.7 years     n/a  
  Dividend yield   0%     n/a  

The following is a summary of the status of the Company’s stock options as of October 31, 2012 and the stock option activity during the six months ended October 31, 2012:

            Weighted Average  
      Number of     Exercise Price  
      Options     per Share  
  Outstanding at April 30, 2012   3,925,979   $ 1.15  
  Granted   310,000   $ 2.90  
  Exercised   (132,292 ) $ 0.70  
  Expired   (12,000 ) $ 1.24  
  Forfeited/Cancelled   (176,812 ) $ 1.69  
  Outstanding at October 31, 2012   3,914,875   $ 1.28  
               
  Exercisable at October 31, 2012   2,414,785   $ 0.93  
  Exercisable at April 30, 2012   2,087,742   $ 0.85  

The following table summarizes information regarding stock purchase options outstanding as of October 31, 2012:

    Number of     Aggregate           Number of     Aggregate  
Exercise   Options     Intrinsic           Options     Intrinsic  
Price   Outstanding     Value     Expiry Date     Exercisable     Value  
$0.44   373,591   $   769,597     December 15, 2013     356,744   $   734,893  

$0.47
 
356,389
   
723,470
    December 13, 2012 to
September 26, 2016
   
356,389
   
723,470
 
$0.60   424,020     805,638     December 14, 2014     303,549     576,743  
$0.62   850,000     1,598,000     April 17, 2014     743,750     1,398,250  
$1.70   800,000     640,000     December 17, 2016     166,666     133,333  
$1.90   421,875     253,125     December 14, 2015     191,665     114,999  
                December 31, 2014 to              
$2.00   12,000     6,000     February 28, 2015     12,000     6,000  
$2.15   240,000     84,000     September 7, 2016     240,000     84,000  
$2.27   102,000     23,460     March 10, 2016     40,376     9,286  
$2.55   25,000         March 8, 2017     3,646      
$2.68   5,000         September 13, 2017          
$2.90   305,000         July 19, 2017          
October 31, 2012   3,914,875   $   4,903,290           2,414,785   $   3,780,974  
                               
April 30, 2012   3,925,979   $   6,751,493           2,087,742   $   4,213,032  

The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company’s closing stock price of $2.50 per share as of October 31, 2012 (April 30, 2012 – $2.87), which would have been received by the option holders had all option holders exercised their options as of that date. The total number of in-the-money options vested and exercisable as of October 31, 2012 was 2,411,139 (April 30, 2012 – 2,087,742). The total intrinsic value of options exercised during the six months ended October 31, 2012 was $238,038 (2011 – $61,665). The grant date fair value of options vested during the six months ended October 31, 2012 was $320,694 (2011 – $112,474).

The following table summarizes information regarding the non-vested stock purchase options outstanding as of October 31, 2012.

            Weighted Average  
      Number of Options     Grant Date Fair Value  
  Non-vested options at April 30, 2012   1,838,237   $ 0.82  
  Granted   310,000   $ 1.54  
  Vested   (471,335 ) $ 0.68  
  Cancelled/Forfeited   (176,812 ) $ 0.90  
  Non-vested options at October 31, 2012   1,500,090   $ 1.00  

As of October 31, 2012 there was $1,295,925 of total unrecognized compensation cost related to unvested share-based compensation awards. This unrecognized compensation cost is expected to be recognized over a weighted average period of 2.94 years.

Employee and non-employee stock-based compensation amounts classified in the Company’s consolidated statements of operations for the three and six months ended October 31, 2012 and 2011 are as follows:

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Cost of sales $   8,797   $   8,875   $   17,636   $   17,919  
  Sales and marketing   73,072     26,906     127,007     35,872  
  Research and development   10,531     8,021     21,247     18,071  
  General and administrative   55,100     30,521     111,043     61,399  
  Total stock-option based compensation $   147,500   $   74,323   $   276,933   $   133,261  

Warrants

During the three months ended October 31, 2010, the Company entered into a warrant agreement with a customer whereby the Company issued 1,000,000 stock purchase warrants as part of a contract that the Company entered into with the customer. The fair value of 320,000 stock purchase warrants that was charged to revenue during the three months ended October 31, 2011 was $136,934. These warrants expired unexercised on July 30, 2012.

On May 17, 2012 and July 25, 2012, holders of warrants issued under a brokered private placement, exercised 50,000 warrants and 7,000 warrants respectively, at the original exercise price of $2.25 per common share. On October 25, 2012, a holder of warrants issued under a brokered private placement, exercised 110,103 warrants at the original exercise price of $1.75 per common share.

The following table summarizes information regarding the warrants outstanding as of October 31, 2012:

      Number of     Weighted Average        
      Warrants     Exercise Price     Expiry Dates  
  Warrants at April 30, 2012   2,793,105   $ 1.94     July 30, 2012 to June 14, 2013  
  Granted   732,500   $ 3.25     June 19, 2014  
  Exercised   (167,103 ) $ 1.92     June 14, 2013  
  Expired   (1,000,000 ) $ 1.50     July 30, 2012  
  Warrants at October 31, 2012   2,358,502   $ 2.54     December 14, 2012 to June 19, 2014  

Employee Stock Purchase Plan

Under the terms of the Employee Stock Purchase Plan (the “ESPP”), all regular salaried (non-probationary) employees may purchase up to 6% of their base salary in common shares of the Company at market price. The Company matches 50% of the shares purchased by issuing or purchasing in the market up to 3% of the respective employee’s base salary in shares.

A total of 700,000 shares have been reserved for issuance under the ESPP. As of October 31, 2012, a total of 556,401 (April 30, 2012 - 556,401) shares were available for issuance under the ESPP. During the six months ended October 31, 2012, nil shares (April 30, 2012 - 55,571) were sold or issued to employees under the ESPP.

Deferred Share Unit Plan

Under the terms of the Deferred Share Unit Plan (the “DSUP”), each deferred share unit is equivalent to one share of common stock. The maximum number of shares of common stock that may be reserved for issuance to any one participant pursuant to deferred share units granted under the DSUP and any share compensation arrangement is 5% of the number of shares of common stock of the Company outstanding at the time of reservation and, as applicable, any grants of deferred share units to any one participant may not exceed a value of $100,000 per annum on the date of grant. A deferred share unit (DSU) granted to a participant who is a director of the board of the Company shall vest immediately on the award date. A deferred share unit granted to a participant other than a director will generally vest as to one-third (1/3) of the number of deferred share units granted on the first, second and third anniversaries of the award date. Fair value of the DSU’s, which is based on the closing price of the Company’s common stock on the date of grant, is recorded as compensation expense over the vesting period.

A total of 2,500,000 shares have been reserved for issuance under the DSUP. During the six months ended October 31, 2012, 133,443 deferred share units were issued under the DSUP, of which 59,878 were granted to officers or employees and 73,565 were granted to non-employee directors. As of October 31, 2012, a total of 778,493 shares were available for issuance under the DSUP.

The following table summarizes the Company’s outstanding deferred share unit awards as of October 31, 2012, and changes during the period then ended:

            Weighted Average  
            Grant Date Fair  
      Number of DSU’s     Value Per Unit  
  DSU’s outstanding at April 30, 2012   1,588,064   $ 0.83  
  Granted   133,443   $ 2.90  
  Conversions        
  DSU’s outstanding at October 31, 2012   1,721,507   $ 1.01  

The following table summarizes information regarding the non-vested deferred share units outstanding as of October 31, 2012:

            Weighted Average  
            Grant Date Fair  
      Number of DSU’s     Value Per Unit  
  Non-vested DSU’s at April 30, 2012   334,337   $ 1.33  
  Granted   133,443   $ 2.90  
  Vested   (165,007 ) $ 2.06  
  Non-vested DSU’s at October 31, 2012   302,773   $ 1.63  

As of October 31, 2012 there was $361,356 (2011 – $441,035) of total unrecognized compensation cost related to unvested deferred share units awards. This unrecognized compensation cost is expected to be recognized over a weighted average period of 2.02 years (2011 – 2.49 years).

Employee and non-employee deferred share unit based compensation amounts classified in the Company’s consolidated statements of operations for the three and six months ended October 31, 2012 and 2011 are as follows:

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Sales and marketing $   4,167   $  –   $   8,334   $  –  
  Research and development   2,082         2,354      
  General and administrative   60,856     55,600     323,754     240,923  
  Total DSU-based compensation $   67,105   $   55,600   $   334,442   $   240,923  
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Segmented Information
6 Months Ended
Oct. 31, 2012
Segmented Information [Text Block]
Note 6 Segmented Information

The Company’s chief operating decision maker reviews financial information presented on a consolidated basis, accompanied by desegregated information about revenues by geographic region for purposes of making operating decisions and assessing financial performance. Accordingly, the Company has concluded that it has one reportable operating segment.

Foreign revenues are based on the country in which the customer is located. The following is a summary of total revenues by geographic area for the three and six months ended October 31, 2012 and 2011:

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  North America $   2,263,483   $   2,347,998   $   5,184,000   $   3,951,751  
  Europe   735,177     765,281     1,426,290     1,612,314  
  Asia and Africa   276,342     178,074     833,029     397,273  
  Latin America   287,785     182,500     507,236     271,249  
    $   3,562,787   $   3,473,853   $   7,950,555   $   6,232,587  

Contained within the results of North America for the three and six months ended October 31, 2012 are revenues from the United States of $1,865,651 and $3,800,737 (2011 - $1,582,089 and $2,533,176) respectively, and from Canada of $397,832 and $1,383,263 (2011 - $765,909 and $1,418,575) respectively.

Contained within the results of Europe for the three and six months ended October 31, 2012 are revenues from the United Kingdom of $182,250 and $305,396 ( 2011 - $456,692 and $836,632) respectively, from France of $216,871 and $233,664 (2011 - $24,260 and $121,099) respectively, from Germany of $58,088 and $188,501 (2011 - $34,620 and $137,186) respectively, from Norway of $35,424 and $214,805 (2011 - $8,240 and $13,234) respectively, and from Belgium of $51,868 and $57,970 (2011 - $11,658 and $15,133) respectively.

Contained within the results of Asia and Africa for the three and six months ended October 31, 2012 are revenues from Japan of $118,249 and $474,129 (2011 - $27,350 and $42,691) respectively, from China of $65,286 and $146,166 (2011 - $nil and $21,890) respectively, from Russian Federation of $24,315 and $80,045 (2011 - $21,561 and $38,735) respectively, from Australia of $24,782 and $45,084 (2011 - $61,474 and $83,744) respectively, and from South Africa of $11,302 and $28,837 (2011 - $15,273 and $88,247) respectively.

Contained within the results of Latin America for the three and six months ended October 31, 2012 are revenues from Brazil of $8,602 and $153,551 (2011 - $49,146 and $81,959) respectively, from Mexico of $99,192 and $119,761 (2011 - $$64,874 and $78,989) respectively, from Chile of $102,031 and $106,172 (2011 - $7,910 and $16,406) respectively, from Colombia of $49,209 and $59,910 (2011 - $9,229 and $28,421) respectively, and from Dominican Republic of $4,230 and $18,389 (2011 - $43,760 and $43,845) respectively.

All of the Company’s long-lived assets, which include equipment, intangible assets, goodwill and other assets, are located in Canada and the United States as follows:

      As at  
      October 31, 2012     April 30, 2012  
  Canada $   8,960,709   $   9,117,687  
  United States   159,905     24,569  
    $   9,120,614   $   9,142,256  

Revenue from significant customers for the three and six months ended October 31, 2012 and 2011 is summarized as follows:

      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Customer A   10%     4%     8%     2%  
  Customer B   6%     15%     8%     15%  
  Customer C   1%     -%     9%     -%  
      17%     19%     25%     17%  

Accounts receivable balances for Customer A were $837,293 as at October 31, 2012 (April 30, 2012 -$602,227). Accounts receivable balances for Customer B were $566,508 as at October 31, 2012 (April 30, 2012 - $79,100). Accounts receivable balances for Customer C were $nil as at October 31, 2012 (April 30, 2012 - $32,703).

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Commitments
6 Months Ended
Oct. 31, 2012
Commitments [Text Block]
Note 7 Commitments

  a)

On January 11, 2011, the Company entered into a lease agreement, which commenced on October 1, 2011, and expires September 30, 2014 for which a deposit of $49,970 was made. The monthly lease payment under the agreement is $22,681 plus $21,252 in operating costs. Management believes that this office space is adequate for the operations of the Company for the foreseeable future.

     
  b)

On December 9, 2011, the Company signed a fifth amendment to an existing lease agreement to extend the lease for the period May 1, 2012 to April 30, 2014. The monthly lease payment under the lease extension is $7,031 (CDN$7,036). This lease expense is a related party transaction as it was incurred with a company with a director in common with the Company.

     
  c)

On August 2, 2011, the Company entered into extension of an existing operating lease agreement which commenced on August 1, 2011 and expires on February 28, 2013. The monthly lease payment under the new extension agreement is $6,700.

     
  d)

On March 12, 2009, the Company and its wholly-owned subsidiary, CounterPath Technologies Inc., entered into a settlement agreement with a founder and former officer of the Company. Under the settlement agreement, the Company will pay a total of $494,703 (CDN$495,000) over 45 months at a rate of CDN$11,000 per month.

Total payable over the term of the agreements for the years ended April 30th are as follows:

            Office Leases              
      Office Leases –     –Unrelated     Total Office     Settlement  
      Related Party     Party     Leases     Agreement  
  2013 $   42,189   $   275,624   $   317,813   $   16,490  
  2014   84,377     497,649     582,026     -  
  2015   -     207,354     207,354     -  
    $   126,566   $   980,627   $   1,107,193   $   16,490  
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Subsequent Events
6 Months Ended
Oct. 31, 2012
Subsequent Events [Text Block]
Note 8 Subsequent Events

On December 13, 2012, the Company granted 30,000 stock options to one employee pursuant to its 2010 Stock Option Plan. Each stock option entitles the holder thereof the right to purchase one share of common stock at a price equal to the closing market share price on December 13, 2012. The options vest in the amount of 12.5% on the date which is six months from the date of grant and then beginning in the seventh month at 1/42 per month for 42 months, at which time the options are fully vested.

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Summary of Significant Accounting Policies (Policies)
6 Months Ended
Oct. 31, 2012
Basis of Presentation [Policy Text Block]
  a)

Basis of Presentation

     
   

These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, CounterPath Technologies Inc., a company existing under the laws of the province of British Columbia, Canada, and BridgePort Networks, Inc. incorporated under the laws of the state of Delaware. The results of NewHeights Software Corporation (which subsequently was amalgamated with another subsidiary to become CounterPath Technologies Inc.) are included from August 2, 2007, the date of acquisition. The results of FirstHand Technologies Inc. (which subsequently was amalgamated with CounterPath Technologies Inc.) and BridgePort Networks, Inc. are included from February 1, 2008, the date of acquisition. All inter-company transactions and balances have been eliminated.

Interim Reporting [Policy Text Block]
  b)

Interim Reporting

     
   

The information presented in the accompanying interim consolidated financial statements is without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading.

     
   

These statements reflect all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. Except where noted, these interim financial statements follow the same accounting policies and methods of their application as the Company’s April 30, 2012 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Company’s April 30, 2012 annual consolidated financial statements.

     
   

Operating results for the six months ended October 31, 2012 are not necessarily indicative of the results that can be expected for the year ending April 30, 2013.

New Accounting Pronouncements [Policy Text Block]
  c)

New Accounting Pronouncements

     
   

In May 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs , which aligns the fair value measurement and disclosure requirements in U.S. GAAP and the International Financial Reporting Standards (IFRSs). Many of the amendments in this ASU will not result in a change in requirements, but simply clarify existing requirements. The amendments in this ASU that do change a principle or requirement for measuring fair value or disclosing information about fair value measurements include the following: (1) the ASU permits an exception for measuring fair value when a reporting entity manages its financial instruments on the basis of its net exposure, rather than gross exposure, to those risks; (2) the ASU clarifies that the application of premiums and discounts in a fair value measurement is related to the unit of account for the asset or liability being measured at fair value; (3) the ASU prohibits blockage discounts for level 2 and 3 investments; and (4) the amendments expand the fair value measurement disclosures. The ASU is to be applied prospectively. For public entities, the ASU is effective during interim and annual periods beginning after December 15, 2011. The Company adopted the requirements of this ASU, and it did not materially impact the consolidated financial statements.

Derivative Financial Instruments [Policy Text Block]
  d)

Derivative Financial Instruments

     
   

Foreign currency contracts are used by the Company to offset fluctuations in exchange rates. The Company’s foreign currency risk management program includes foreign currency derivatives with cash flow hedge accounting designation that utilizes foreign currency forward contracts to hedge exposures to the variability in the U.S. dollar equivalent of anticipated non-U.S. dollar-denominated cash flows. These instruments generally have a maturity of less than one year. For these derivatives, the Company reports the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) in stockholders’ equity and reclassifies it into earnings in the same period in which the hedged transaction affects earnings, and within the same line item on the consolidated statements of operations as the impact of the hedged transaction. There can be no assurance that our hedging program will not result in a negative impact on our earnings and earnings per share. The Company did not enter any foreign currency derivatives designated as cash flow hedges in the three and six month periods ended October 31, 2012.

     
   

The Company also routinely enter into foreign currency forward contracts, not designated as hedging instruments, to protect us from fluctuations in exchange rates. Gains or losses arising out of marked to market fair value valuation of forward contracts, not designated as hedges, are recognized in earnings.

Goodwill and Intangible Assets [Policy Text Block]
     
  e)

Goodwill and Intangible Assets

     
   

Goodwill represents the excess purchase price over the estimated fair value of net assets acquired as of the acquisition date. ASC Topic 350 requires goodwill to be tested for impairment annually or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company's business enterprise below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit. Recoverability of goodwill is measured at the reporting unit level by comparing the reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit, which is measured based upon, among other factors, market multiples for comparable companies as well as a discounted cash flow analysis.

     
   

Management has determined that the Company currently has a single reporting unit which is CounterPath Corporation. If the recorded value of the assets, including goodwill, and liabilities (“net book value”) of the reporting unit exceeds its fair value, an impairment loss may be required.

     
   

Goodwill of $6,339,717 (CDN$6,704,947) and $2,083,960 (CDN$2,083,752) was initially recorded in connection with the acquisition of NewHeights Software Corporation on August 2, 2007 and FirstHand Technologies Inc. on February 1, 2008. Translated to U.S. dollars using the period end rate, the goodwill balance at October 31, 2012 was $6,700,924 (CDN$6,704,947) (April 30, 2012 - $6,834,353) and $2,082,164 (CDN$2,083,752) (April 30, 2012 - $2,123,624), respectively. Management will perform its annual impairment test in its fiscal fourth quarter. No impairment charges were recorded for the six months ended October 31, 2012 and 2011.

     
   

The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

     
   

Intangible assets include the intangibles purchased in connection with the acquisition of NewHeights Software Corporation on August 2, 2007, and FirstHand Technologies Inc. and BridgePort Networks, Inc. on February 1, 2008.

     
   

The intangible assets of NewHeights are reported at acquisition cost and include amounts initially allocated to acquired technologies of $3,454,839 (CDN$3,678,100) and customer asset of $2,283,908 (CDN$2,431,500). The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

     
   

The intangible assets of FirstHand are reported at acquisition cost and include amounts initially allocated to acquired technologies of $2,804,700 (CDN$2,804,700) and customer asset of $587,000 (CDN$587,000). The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

     
   

The intangible assets of BridgePort are being carried and reported at acquisition cost and include amounts initially allocated to acquired technologies of $476,703 and customer asset of $43,594. The acquired technologies are amortized based on their estimated useful life of four years and the customer asset is amortized on the basis of Management’s estimate of the future cash flows from this asset over approximately five years, which is Management’s estimate of the useful life of the customer asset.

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Significant Accounting Policies (Tables)
6 Months Ended
Oct. 31, 2012
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]
                  Accumulated        
            Accumulated     Impairment     Net Carrying  
      Cost     Amortization     Charge     Amount  
  Acquired technologies $   6,306,336   $   4,417,678   $   1,888,658   $  –  
  Customer assets   2,727,648     1,492,195     1,216,028     19,425  
  Intangible assets $   9,033,984   $   5,909,873   $   3,104,686   $   19,425  
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Derivative Instruments and Fair Value Measurement (Tables)
6 Months Ended
Oct. 31, 2012
Schedule of Warrant Liabilities at Fair Value [Table Text Block]
      Fair Value  
  Fair value of warrant liability, at issuance $   1,311,141  
  Change in fair value of warrant liability for the period   715,803  
  Fair value of warrant liability at April 30, 2012   2,026,944  
  Change in fair value of warrant liability for the period   (927,703 )
  Warrants exercised during the period   (129,790 )
  Fair value of warrant liability at October 31, 2012 $   969,451  
Schedule Of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block]
    As at As at the date of issuance
    October 31, 2012 June 14, 2011
  Risk-free interest rate 0.18% 1.60%
  Expected volatility 70% 70%
  Expected term 0.12 years to 0.62 years 1.5 years to 2 years
  Dividend yield 0% 0%
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
  As at October 31, 2012   Fair Value     Level 1     Level 2     Level 3  
  Derivative warrant liability $   (969,451 ) $   -   $   -   $   (969,451 )
  Forward exchange contracts   65,461     65,461     -     -  
  Total Liabilities $   (903,990 ) $   65,461   $   -   $   (969,451 )
                           
                           
  As at April 30, 2012   Fair Value     Level 1     Level 2     Level 3  
  Derivative warrant liability $   (2,026,944 ) $   -   $   -   $   (2,026,944 )
  Forward exchange contracts   -     -     -     -  
  Total Liabilities $   (2,026,944 ) $   -   $   -   $   (2,026,944 )
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Common Stock (Tables)
6 Months Ended
Oct. 31, 2012
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
      Six Months Ended  
      October 31, 2012     October 31, 2011  
  Risk-free interest rate   0.62%     n/a  
  Expected volatility   74.47%     n/a  
  Expected term   3.7 years     n/a  
  Dividend yield   0%     n/a  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Weighted Average  
      Number of     Exercise Price  
      Options     per Share  
  Outstanding at April 30, 2012   3,925,979   $ 1.15  
  Granted   310,000   $ 2.90  
  Exercised   (132,292 ) $ 0.70  
  Expired   (12,000 ) $ 1.24  
  Forfeited/Cancelled   (176,812 ) $ 1.69  
  Outstanding at October 31, 2012   3,914,875   $ 1.28  
               
  Exercisable at October 31, 2012   2,414,785   $ 0.93  
  Exercisable at April 30, 2012   2,087,742   $ 0.85  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
    Number of     Aggregate           Number of     Aggregate  
Exercise   Options     Intrinsic           Options     Intrinsic  
Price   Outstanding     Value     Expiry Date     Exercisable     Value  
$0.44   373,591   $   769,597     December 15, 2013     356,744   $   734,893  

$0.47
 
356,389
   
723,470
    December 13, 2012 to
September 26, 2016
   
356,389
   
723,470
 
$0.60   424,020     805,638     December 14, 2014     303,549     576,743  
$0.62   850,000     1,598,000     April 17, 2014     743,750     1,398,250  
$1.70   800,000     640,000     December 17, 2016     166,666     133,333  
$1.90   421,875     253,125     December 14, 2015     191,665     114,999  
                December 31, 2014 to              
$2.00   12,000     6,000     February 28, 2015     12,000     6,000  
$2.15   240,000     84,000     September 7, 2016     240,000     84,000  
$2.27   102,000     23,460     March 10, 2016     40,376     9,286  
$2.55   25,000         March 8, 2017     3,646      
$2.68   5,000         September 13, 2017          
$2.90   305,000         July 19, 2017          
October 31, 2012   3,914,875   $   4,903,290           2,414,785   $   3,780,974  
                               
April 30, 2012   3,925,979   $   6,751,493           2,087,742   $   4,213,032  
Schedule of Nonvested Performance-based Units Activity [Table Text Block]
            Weighted Average  
      Number of Options     Grant Date Fair Value  
  Non-vested options at April 30, 2012   1,838,237   $ 0.82  
  Granted   310,000   $ 1.54  
  Vested   (471,335 ) $ 0.68  
  Cancelled/Forfeited   (176,812 ) $ 0.90  
  Non-vested options at October 31, 2012   1,500,090   $ 1.00  
Schedule of Employee and Non-Employee Service Share-based Compensation Allocation of Recognized Period Costs [Table Text Block]
      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Cost of sales $   8,797   $   8,875   $   17,636   $   17,919  
  Sales and marketing   73,072     26,906     127,007     35,872  
  Research and development   10,531     8,021     21,247     18,071  
  General and administrative   55,100     30,521     111,043     61,399  
  Total stock-option based compensation $   147,500   $   74,323   $   276,933   $   133,261  
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
      Number of     Weighted Average        
      Warrants     Exercise Price     Expiry Dates  
  Warrants at April 30, 2012   2,793,105   $ 1.94     July 30, 2012 to June 14, 2013  
  Granted   732,500   $ 3.25     June 19, 2014  
  Exercised   (167,103 ) $ 1.92     June 14, 2013  
  Expired   (1,000,000 ) $ 1.50     July 30, 2012  
  Warrants at October 31, 2012   2,358,502   $ 2.54     December 14, 2012 to June 19, 2014  
Schedule of Stockholders Equity Deferred Share Unit Plan [Table Text Block]
            Weighted Average  
            Grant Date Fair  
      Number of DSU’s     Value Per Unit  
  DSU’s outstanding at April 30, 2012   1,588,064   $ 0.83  
  Granted   133,443   $ 2.90  
  Conversions        
  DSU’s outstanding at October 31, 2012   1,721,507   $ 1.01  
Schedule of Stockholders Equity Non Vested Deferred Share Units [Table Text Block]
            Weighted Average  
            Grant Date Fair  
      Number of DSU’s     Value Per Unit  
  Non-vested DSU’s at April 30, 2012   334,337   $ 1.33  
  Granted   133,443   $ 2.90  
  Vested   (165,007 ) $ 2.06  
  Non-vested DSU’s at October 31, 2012   302,773   $ 1.63  
Schedule of Allocation of Share Based Compensation Costs for Deferred Share Units [Table Text Block]
      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Sales and marketing $   4,167   $  –   $   8,334   $  –  
  Research and development   2,082         2,354      
  General and administrative   60,856     55,600     323,754     240,923  
  Total DSU-based compensation $   67,105   $   55,600   $   334,442   $   240,923  
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Segmented Information (Tables)
6 Months Ended
Oct. 31, 2012
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]
      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  North America $   2,263,483   $   2,347,998   $   5,184,000   $   3,951,751  
  Europe   735,177     765,281     1,426,290     1,612,314  
  Asia and Africa   276,342     178,074     833,029     397,273  
  Latin America   287,785     182,500     507,236     271,249  
    $   3,562,787   $   3,473,853   $   7,950,555   $   6,232,587  
Schedule of Long Lived Assets by Geographical Areas [Table Text Block]
      As at  
      October 31, 2012     April 30, 2012  
  Canada $   8,960,709   $   9,117,687  
  United States   159,905     24,569  
    $   9,120,614   $   9,142,256  
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]
      Three Months Ended     Six Months Ended  
      October 31,     October 31,  
      2012     2011     2012     2011  
  Customer A   10%     4%     8%     2%  
  Customer B   6%     15%     8%     15%  
  Customer C   1%     -%     9%     -%  
      17%     19%     25%     17%  
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Commitments (Tables)
6 Months Ended
Oct. 31, 2012
Schedule of Agreements by Year [Table Text Block]
            Office Leases              
      Office Leases –     –Unrelated     Total Office     Settlement  
      Related Party     Party     Leases     Agreement  
  2013 $   42,189   $   275,624   $   317,813   $   16,490  
  2014   84,377     497,649     582,026     -  
  2015   -     207,354     207,354     -  
    $   126,566   $   980,627   $   1,107,193   $   16,490  
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Nature of Operations (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
Nature Of Operations 1 7,680,168
Nature Of Operations 2 369,836
Nature Of Operations 3 369,836
Nature Of Operations 4 5,900,014
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Significant Accounting Policies (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
USD ($)
Oct. 31, 2012
CAD
Significant Accounting Policies 1 $ 6,339,717
Significant Accounting Policies 2 6,704,947
Significant Accounting Policies 3 2,083,960
Significant Accounting Policies 4 2,083,752
Significant Accounting Policies 5 6,700,924
Significant Accounting Policies 6 6,704,947
Significant Accounting Policies 7 6,834,353
Significant Accounting Policies 8 2,082,164
Significant Accounting Policies 9 2,083,752
Significant Accounting Policies 10 2,123,624
Significant Accounting Policies 11 3,454,839
Significant Accounting Policies 12 3,678,100
Significant Accounting Policies 13 2,283,908
Significant Accounting Policies 14 2,431,500
Significant Accounting Policies 15 2,804,700
Significant Accounting Policies 16 2,804,700
Significant Accounting Policies 17 587,000
Significant Accounting Policies 18 587,000
Significant Accounting Policies 19 476,703
Significant Accounting Policies 20 $ 43,594
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Related Party Transactions (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
USD ($)
unit
warrant
Oct. 31, 2012
CAD
Related Party Transactions 1 $ 650,000
Related Party Transactions 2 13.5
Related Party Transactions 3 9
Related Party Transactions 4 9
Related Party Transactions 5 0 0
Related Party Transactions 6 0
Related Party Transactions 7 134,493
Related Party Transactions 8 99,744
Related Party Transactions 9 208,386
Related Party Transactions 10 0
Related Party Transactions 11 242,469
Related Party Transactions 12 44,000
Related Party Transactions 13 0
Related Party Transactions 14 21,025
Related Party Transactions 15 42,049
Related Party Transactions 16 20,141
Related Party Transactions 17 41,171
Related Party Transactions 18 490,750
Related Party Transactions 19 500,000
Related Party Transactions 20 490,750
Related Party Transactions 21 358,211 358,211
Related Party Transactions 22 $ 1.37
Related Party Transactions 23 3,333,334 3,333,334
Related Party Transactions 24 1,666,667 1,666,667
Related Party Transactions 25 0.56
Related Party Transactions 26 0.6 0.6
Related Party Transactions 27 933,881
Related Party Transactions 28 1,000,000
Related Party Transactions 29 250,000
Related Party Transactions 30 2.00% 2.00%
Related Party Transactions 31 833,334 833,334
Related Party Transactions 32 0.9
Related Party Transactions 33 208,992
Related Party Transactions 34 10,969
Related Party Transactions 35 21,938
Related Party Transactions 36 0
Related Party Transactions 37 0
Related Party Transactions 38 206,500
Related Party Transactions 39 $ 206,500
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Derivative Instruments and Fair Value Measurement (Narrative) (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Derivative Instruments And Fair Value Measurement 1 $ 2,000,000
Derivative Instruments And Fair Value Measurement 2 65,461
Derivative Instruments And Fair Value Measurement 3 1,311,141
Derivative Instruments And Fair Value Measurement 4 3,773,946
Derivative Instruments And Fair Value Measurement 5 1,000,000
Derivative Instruments And Fair Value Measurement 6 320,000
Derivative Instruments And Fair Value Measurement 7 $ 136,934
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Common Stock (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
USD ($)
warrant
M
Y
unit
Oct. 31, 2012
CAD
Common Stock 1 3,145,800 3,145,800
Common Stock 2 $ 5,636,170
Common Stock 3 5,505,150
Common Stock 4 1.79
Common Stock 5 1.75 1.75
Common Stock 6 2.25
Common Stock 7 220,206 220,206
Common Stock 8 1.75
Common Stock 9 605,922
Common Stock 10 1,465,000 1,465,000
Common Stock 11 3,662,500
Common Stock 12 3,579,335
Common Stock 13 2.5
Common Stock 14 2.24 2.24
Common Stock 15 $ 3.25
Common Stock 16 12.50% 12.50%
Common Stock 17 42 42
Common Stock 18 6,860,000 6,860,000
Common Stock 19 15.00% 15.00%
Common Stock 20 2.9
Common Stock 21 0
Common Stock 22 $ 2.5
Common Stock 23 2.87
Common Stock 24 2,411,139 2,411,139
Common Stock 25 2,087,742 2,087,742
Common Stock 26 238,038
Common Stock 27 61,665
Common Stock 28 320,694
Common Stock 29 112,474
Common Stock 30 1,295,925
Common Stock 31 2.94 2.94
Common Stock 32 1,000,000 1,000,000
Common Stock 33 320,000 320,000
Common Stock 34 136,934
Common Stock 35 50,000 50,000
Common Stock 36 7,000 7,000
Common Stock 37 2.25
Common Stock 38 110,103 110,103
Common Stock 39 1.75
Common Stock 40 6.00% 6.00%
Common Stock 41 50.00% 50.00%
Common Stock 42 3.00% 3.00%
Common Stock 43 700,000 700,000
Common Stock 44 556,401 556,401
Common Stock 45 556,401 556,401
Common Stock 46 0 0
Common Stock 47 55,571 55,571
Common Stock 48 5.00% 5.00%
Common Stock 49 100,000
Common Stock 50 2,500,000 2,500,000
Common Stock 51 133,443 133,443
Common Stock 52 59,878 59,878
Common Stock 53 73,565 73,565
Common Stock 54 778,493 778,493
Common Stock 55 361,356
Common Stock 56 $ 441,035
Common Stock 57 2.02 2.02
Common Stock 58 2.49 2.49
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Segmented Information (Narrative) (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Segmented Information 1 $ 1,865,651
Segmented Information 2 3,800,737
Segmented Information 3 1,582,089
Segmented Information 4 2,533,176
Segmented Information 5 397,832
Segmented Information 6 1,383,263
Segmented Information 7 765,909
Segmented Information 8 1,418,575
Segmented Information 9 182,250
Segmented Information 10 305,396
Segmented Information 11 456,692
Segmented Information 12 836,632
Segmented Information 13 216,871
Segmented Information 14 233,664
Segmented Information 15 24,260
Segmented Information 16 121,099
Segmented Information 17 58,088
Segmented Information 18 188,501
Segmented Information 19 34,620
Segmented Information 20 137,186
Segmented Information 21 35,424
Segmented Information 22 214,805
Segmented Information 23 8,240
Segmented Information 24 13,234
Segmented Information 25 51,868
Segmented Information 26 57,970
Segmented Information 27 11,658
Segmented Information 28 15,133
Segmented Information 29 118,249
Segmented Information 30 474,129
Segmented Information 31 27,350
Segmented Information 32 42,691
Segmented Information 33 65,286
Segmented Information 34 146,166
Segmented Information 35 0
Segmented Information 36 21,890
Segmented Information 37 24,315
Segmented Information 38 80,045
Segmented Information 39 21,561
Segmented Information 40 38,735
Segmented Information 41 24,782
Segmented Information 42 45,084
Segmented Information 43 61,474
Segmented Information 44 83,744
Segmented Information 45 11,302
Segmented Information 46 28,837
Segmented Information 47 15,273
Segmented Information 48 88,247
Segmented Information 49 8,602
Segmented Information 50 153,551
Segmented Information 51 49,146
Segmented Information 52 81,959
Segmented Information 53 99,192
Segmented Information 54 119,761
Segmented Information 55 64,874
Segmented Information 56 78,989
Segmented Information 57 102,031
Segmented Information 58 106,172
Segmented Information 59 7,910
Segmented Information 60 16,406
Segmented Information 61 49,209
Segmented Information 62 59,910
Segmented Information 63 9,229
Segmented Information 64 28,421
Segmented Information 65 4,230
Segmented Information 66 18,389
Segmented Information 67 43,760
Segmented Information 68 43,845
Segmented Information 69 837,293
Segmented Information 70 602,227
Segmented Information 71 566,508
Segmented Information 72 79,100
Segmented Information 73 0
Segmented Information 74 $ 32,703
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Commitments (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
USD ($)
M
Oct. 31, 2012
CAD
Commitments 1 $ 49,970
Commitments 2 22,681
Commitments 3 21,252
Commitments 4 7,031
Commitments 5 7,036
Commitments 6 6,700
Commitments 7 494,703
Commitments 8 495,000
Commitments 9 45 45
Commitments 10 11,000 11,000
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Subsequent Events (Narrative) (Details)
6 Months Ended
Oct. 31, 2012
M
option
Subsequent Events 1 30,000
Subsequent Events 2 12.50%
Subsequent Events 3 42
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Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 1 $ 6,306,336
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 2 4,417,678
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 3 1,888,658
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 4 2,727,648
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 5 1,492,195
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 6 1,216,028
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 7 19,425
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 8 9,033,984
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 9 5,909,873
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 10 3,104,686
Significant Accounting Policies Schedule Of Acquired Finite-lived Intangible Assets By Major Class 11 $ 19,425
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Schedule of Warrant Liabilities at Fair Value (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 1 $ 1,311,141
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 2 715,803
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 3 2,026,944
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 4 (927,703)
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 5 (129,790)
Derivative Instruments And Fair Value Measurement Schedule Of Warrant Liabilities At Fair Value 6 $ 969,451
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Schedule Of Share Based Payment Award Warrants Valuation Assumptions (Details)
6 Months Ended
Oct. 31, 2012
Y
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 1 0.18%
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 2 1.60%
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 3 70.00%
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 4 70.00%
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 5 0.12
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 6 0.62
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 7 1.5
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 8 2
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 9 0.00%
Derivative Instruments And Fair Value Measurement Schedule Of Share Based Payment Award Warrants Valuation Assumptions 10 0.00%
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Fair Value, Liabilities Measured on Recurring Basis (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 1 $ (969,451)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 2 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 3 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 4 (969,451)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 5 65,461
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 6 65,461
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 7 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 8 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 9 (903,990)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 10 65,461
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 11 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 12 (969,451)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 13 (2,026,944)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 14 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 15 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 16 (2,026,944)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 17 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 18 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 19 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 20 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 21 (2,026,944)
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 22 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 23 0
Derivative Instruments And Fair Value Measurement Fair Value, Liabilities Measured On Recurring Basis 24 $ (2,026,944)
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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)
6 Months Ended
Oct. 31, 2012
Y
Common Stock Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1 0.62%
Common Stock Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2 74.47%
Common Stock Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3 3.7
Common Stock Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4 0.00%
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Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 1 $ 3,925,979
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 2 1.15
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 3 310,000
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 4 2.9
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 5 (132,292)
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 6 0.7
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 7 (12,000)
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 8 1.24
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 9 (176,812)
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 10 1.69
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 11 3,914,875
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 12 1.28
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 13 2,414,785
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 14 0.93
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 15 $ 2,087,742
Common Stock Schedule Of Share-based Compensation, Stock Options, Activity 16 0.85
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Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 1 $ 0.44
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 2 373,591
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 3 769,597
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 4 356,744
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 5 734,893
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 6 0.47
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 7 356,389
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 8 723,470
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 9 356,389
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 10 723,470
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 11 0.6
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 12 424,020
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 13 805,638
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 14 303,549
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 15 576,743
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 16 0.62
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 17 850,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 18 1,598,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 19 743,750
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 20 1,398,250
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 21 1.7
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 22 800,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 23 640,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 24 166,666
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 25 133,333
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 26 1.9
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 27 421,875
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 28 253,125
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 29 191,665
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 30 114,999
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 31 2
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 32 12,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 33 6,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 34 12,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 35 6,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 36 2.15
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 37 240,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 38 84,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 39 240,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 40 84,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 41 2.27
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 42 102,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 43 23,460
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 44 40,376
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 45 9,286
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 46 2.55
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 47 25,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 48 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 49 3,646
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 50 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 51 2.68
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 52 5,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 53 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 54 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 55 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 56 2.9
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 57 305,000
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 58 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 59 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 60 0
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 61 3,914,875
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 62 4,903,290
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 63 2,414,785
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 64 3,780,974
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 65 3,925,979
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 66 6,751,493
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 67 2,087,742
Common Stock Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award 68 $ 4,213,032
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Schedule of Nonvested Performance-based Units Activity (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Nonvested Performance-based Units Activity 1 $ 1,838,237
Common Stock Schedule Of Nonvested Performance-based Units Activity 2 0.82
Common Stock Schedule Of Nonvested Performance-based Units Activity 3 310,000
Common Stock Schedule Of Nonvested Performance-based Units Activity 4 1.54
Common Stock Schedule Of Nonvested Performance-based Units Activity 5 (471,335)
Common Stock Schedule Of Nonvested Performance-based Units Activity 6 0.68
Common Stock Schedule Of Nonvested Performance-based Units Activity 7 (176,812)
Common Stock Schedule Of Nonvested Performance-based Units Activity 8 0.9
Common Stock Schedule Of Nonvested Performance-based Units Activity 9 $ 1,500,090
Common Stock Schedule Of Nonvested Performance-based Units Activity 10 1
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Schedule of Employee and Non-Employee Service Share-based Compensation Allocation of Recognized Period Costs (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 1 $ 8,797
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 2 8,875
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 3 17,636
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 4 17,919
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 5 73,072
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 6 26,906
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 7 127,007
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 8 35,872
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 9 10,531
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 10 8,021
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 11 21,247
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 12 18,071
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 13 55,100
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 14 30,521
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 15 111,043
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 16 61,399
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 17 147,500
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 18 74,323
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 19 276,933
Common Stock Schedule Of Employee And Non-employee Service Share-based Compensation Allocation Of Recognized Period Costs 20 $ 133,261
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Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1 $ 2,793,105
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2 1.94
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3 732,500
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4 3.25
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5 (167,103)
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6 1.92
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7 (1,000,000)
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8 1.5
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9 $ 2,358,502
Common Stock Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10 2.54
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Schedule of Stockholders Equity Deferred Share Unit Plan (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 1 $ 1,588,064
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 2 0.83
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 3 133,443
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 4 2.9
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 5 0
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 6 0
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 7 $ 1,721,507
Common Stock Schedule Of Stockholders Equity Deferred Share Unit Plan 8 1.01
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Schedule of Stockholders Equity Non Vested Deferred Share Units (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 1 $ 334,337
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 2 1.33
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 3 133,443
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 4 2.9
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 5 (165,007)
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 6 2.06
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 7 $ 302,773
Common Stock Schedule Of Stockholders Equity Non Vested Deferred Share Units 8 1.63
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Schedule of Allocation of Share Based Compensation Costs for Deferred Share Units (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 1 $ 4,167
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 2 8,334
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 3 2,082
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 4 0
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 5 2,354
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 6 0
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 7 60,856
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 8 55,600
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 9 323,754
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 10 240,923
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 11 67,105
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 12 55,600
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 13 334,442
Common Stock Schedule Of Allocation Of Share Based Compensation Costs For Deferred Share Units 14 $ 240,923
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Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 1 $ 2,263,483
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 2 2,347,998
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 3 5,184,000
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 4 3,951,751
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 5 735,177
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 6 765,281
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 7 1,426,290
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 8 1,612,314
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 9 276,342
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 10 178,074
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 11 833,029
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 12 397,273
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 13 287,785
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 14 182,500
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 15 507,236
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 16 271,249
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 17 3,562,787
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 18 3,473,853
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 19 7,950,555
Segmented Information Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area 20 $ 6,232,587
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Schedule of Long Lived Assets by Geographical Areas (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 1 $ 8,960,709
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 2 9,117,687
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 3 159,905
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 4 24,569
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 5 9,120,614
Segmented Information Schedule Of Long Lived Assets By Geographical Areas 6 $ 9,142,256
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Schedule of Revenue by Major Customers by Reporting Segments (Details)
6 Months Ended
Oct. 31, 2012
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 1 10.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 2 4.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 3 8.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 4 2.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 5 6.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 6 15.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 7 8.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 8 15.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 9 1.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 10 0.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 11 9.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 12 0.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 13 17.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 14 19.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 15 25.00%
Segmented Information Schedule Of Revenue By Major Customers By Reporting Segments 16 17.00%
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Schedule of Agreements by Year (Details) (USD $)
6 Months Ended
Oct. 31, 2012
Commitments Schedule Of Agreements By Year 1 $ 42,189
Commitments Schedule Of Agreements By Year 2 275,624
Commitments Schedule Of Agreements By Year 3 317,813
Commitments Schedule Of Agreements By Year 4 16,490
Commitments Schedule Of Agreements By Year 5 84,377
Commitments Schedule Of Agreements By Year 6 497,649
Commitments Schedule Of Agreements By Year 7 582,026
Commitments Schedule Of Agreements By Year 8 0
Commitments Schedule Of Agreements By Year 9 0
Commitments Schedule Of Agreements By Year 10 207,354
Commitments Schedule Of Agreements By Year 11 207,354
Commitments Schedule Of Agreements By Year 12 0
Commitments Schedule Of Agreements By Year 13 126,566
Commitments Schedule Of Agreements By Year 14 980,627
Commitments Schedule Of Agreements By Year 15 1,107,193
Commitments Schedule Of Agreements By Year 16 $ 16,490
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