XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Revenues:        
Systems sales $ 314,218 $ 327,493 $ 2,190,256 $ 2,567,710
Professional services 865,308 621,547 2,104,003 1,631,878
Maintenance and support 3,749,596 4,034,481 11,237,637 11,315,664
Software as a service 1,706,366 2,171,548 5,144,876 6,428,358
Total revenues 6,635,488 7,155,069 20,676,772 21,943,610
Operating expenses:        
Cost of systems sales 663,148 695,824 2,080,263 2,117,409
Cost of professional services 1,318,933 829,964 2,486,721 2,249,029
Cost of maintenance and support 790,291 766,594 2,483,462 2,297,772
Cost of software as a service 450,695 611,158 1,390,308 2,052,758
Selling, general and administrative 3,212,350 2,351,082 10,153,140 10,636,370
Research and development 1,969,415 2,258,092 5,800,169 6,715,641
Total operating expenses 8,404,832 7,512,714 24,394,063 26,068,979
Operating loss (1,769,344) (357,645) (3,717,291) (4,125,369)
Other income (expense):        
Interest expense (98,871) (206,286) (380,897) (698,402)
Miscellaneous (expense) income (60,555) 110,383 (39,089) 1,939,543
Loss before income taxes (1,928,770) (453,548) (4,137,277) (2,884,228)
Income tax expense (1,702) (3,113) (5,104) (2,645)
Net loss (1,930,472) (456,661) (4,142,381) (2,886,873)
Less: deemed dividends on Series A Preferred Shares (72,710) (346,339) (875,935) (967,014)
Net loss attributable to common shareholders $ (2,003,182) $ (803,000) $ (5,018,316) $ (3,853,887)
Basic net loss per common share (in dollars per share) $ (0.10) $ (0.04) $ (0.26) $ (0.21)
Number of shares used in basic per common share computation (in shares) 19,645,521 18,746,632 19,477,538 18,658,626
Diluted net loss per common share (in dollars per share) $ (0.10) $ (0.04) $ (0.26) $ (0.21)
Number of shares used in diluted per common share computation (in shares) 19,645,521 18,746,632 19,477,538 18,658,626