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Statement of Financial Position (USD $)
Jul. 31, 2011
Apr. 30, 2011
Current assets:    
Cash $ 7,229,474 $ 1,707,397
Accounts receivable (net of allowance for doubtful accounts of $101,293 and $49,883, respectively) 2,420,610 3,018,188
Prepaid expenses and deposits 85,223 110,412
Total current assets 9,735,307 4,835,997
Deposits 159,813 159,433
Equipment 35,695 59,574
Intangible assets (net of accumulated amortization of $5,384,450 and $5,103,570, respectively) - (d) 571,106 859,664
Goodwill - (d) 9,194,383 9,247,993
Other assets 48,371 48,308
Total Assets 19,744,675 15,210,969
Current liabilities:    
Accounts payable and accrued liabilities 1,943,410 2,340,897
Derivative Liability - 1,165,427 0
Unearned revenue 770,374 958,626
Customer deposits 2,083 2,018
Accrued warranty 123,901 146,868
Total current liabilities 4,005,195 3,448,409
Deferred lease inducements 1,847 2,474
Convertible debentures - 0 1,305,002
Unrecognized tax benefit 98,575 98,575
Total liabilities 4,105,617 4,854,460
Stockholders' equity:    
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: July 31, 2011 - 1; April 30, 2011 - 1 0 0
Common stock, $0.001 par value - Authorized: 83,076,900 Issued and outstanding: July 31, 2011 - 38,794,815; April 30, 2011 - 33,440,106 38,795 33,440
Additional paid-in capital 59,670,570 53,420,601
Accumulated deficit (44,249,128) (43,323,410)
Accumulated other comprehensive income - currency translation adjustment 178,821 225,878
Total stockholders' equity 15,639,058 10,356,509
Liabilities and Stockholders' Equity $ 19,744,675 $ 15,210,969