CONVERTIBLE DEBENTURES (Details) - Intrinsic Value Computation - Convertible Debenture [Member] |
Apr. 30, 2014
USD ($)
$ / shares
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CONVERTIBLE DEBENTURES (Details) - Intrinsic Value Computation [Line Items] | |
Stock price used for valuation | $ / shares | $ 8.50 |
266.68 shares issued per $1,000 face value | |
Aggregate intrinsic value of the $1,150,000 of principal outstanding on April 30, 2014, immediately prior to conversion and repayment | $ | $ 1,456,797 |
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- References No definition available.
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- Definition The type of the financial instrument that the original debt is being converted into (for example, new debt, common stock, preferred stock, etc.) in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Details
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