XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2018
Oct. 31, 2017
Revenues:        
System sales $ 309,522 $ 348,526 $ 1,827,071 $ 1,055,941
Professional services 576,682 801,771 1,086,117 1,793,618
Audit services 233,561 280,025 841,117 919,485
Maintenance and support 3,051,260 3,250,229 9,576,615 9,883,563
Software as a service 1,197,552 1,718,748 3,569,562 4,586,532
Total revenues 5,368,577 6,399,299 16,900,482 18,239,139
Operating expenses:        
Cost of systems sales 223,235 434,138 763,109 1,596,988
Cost of professional services 675,038 555,815 2,078,735 1,814,236
Cost of audit services 323,337 404,280 1,017,397 1,236,358
Cost of maintenance and support 505,779 667,307 1,720,366 2,241,969
Cost of software as a service 206,878 289,503 805,137 914,711
Selling, general and administrative 2,391,873 2,819,549 8,159,823 8,983,248
Research and development 1,026,423 932,251 3,301,587 3,985,161
Loss on exit of operating lease 561,898   1,368,061  
Total operating expenses 5,914,461 6,102,843 19,214,215 20,772,671
Operating income (loss) (545,884) 296,456 (2,313,733) (2,533,532)
Other expense:        
Interest expense (105,784) (113,078) (332,387) (360,723)
Miscellaneous expense (25,128) (177,282) (118,156) (235,007)
Earnings (loss) before income taxes (676,796) 6,096 (2,764,276) (3,129,262)
Income tax expense (1,714) (2,607) (5,141) (7,822)
Net earnings (loss) $ (678,510) $ 3,489 $ (2,769,417) $ (3,137,084)
Net earnings (loss) per common share - basic (in dollars per share) $ (0.03) $ 0.00 $ (0.14) $ (0.16)
Weighted average number of common shares - basic (in shares) 19,753,074 19,985,822 19,903,529 19,838,691
Net earnings (loss) per common share - diluted (in dollars per share) $ (0.03) $ 0.00 $ (0.14) $ (0.16)
Weighted average number of common shares - diluted (in shares) 19,753,074 23,068,423 19,903,529 19,838,691