• Filing Date: 2012-12-13
  • Form Type: 10-Q
  • Description: Quarterly report
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.