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INTERIM CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Current assets:    
Cash $ 2,674,216 $ 2,433,266
Accounts receivable (net of allowance for doubtful accounts of $377,514 (2020 - $317,230) 1,966,705 2,553,714
Deferred sales commission costs - current 128,279 129,946
Prepaid expenses and other current assets 297,561 326,921
Derivative assets 26,398 6,381
Total current assets 5,093,159 5,450,228
Deposits 85,623 82,039
Deferred sales commission costs - non-current 79,787 92,644
Equipment, net 110,932 111,672
Operating lease right-of-use assets 1,337,974 1,370,035
Goodwill 6,552,000 6,323,390
Intangibles and other assets 227,527 225,945
Total Assets 13,487,002 13,655,953
Current liabilities:    
Accounts payable and accrued liabilities 2,259,614 2,231,777
Loan payable 209,035  
Related party loan payable - current 2,000,000 4,000,000
Derivative liability 0 140,299
Unearned revenue 3,942,399 3,782,400
Operating lease liabilities - current 307,185 293,322
Accrued warranty 50,344 51,545
Total current liabilities 8,768,577 10,499,343
Operating lease liabilities - non-current 1,061,573 1,102,530
Unrecognized tax liability 9,763 9,763
Total liabilities 9,839,913 11,611,636
Stockholders' equity:    
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: July 31, 2020 - nil; April 30, 2020 - nil 0 0
Common stock, $0.001 par value - Note 9 Authorized: 10,000,000 Issued: July 31, 2020 - 6,411,063; April 30, 2020 - 6,103,612 6,411 6,104
Additional paid-in capital 77,133,268 76,066,930
Accumulated deficit (69,653,042) (69,677,656)
Accumulated other comprehensive loss - currency translation adjustment (3,839,548) (4,351,061)
Total stockholders' equity 3,647,089 2,044,317
Liabilities and Stockholders' Equity $ 13,487,002 $ 13,655,953