XML 37 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2019
Apr. 30, 2019
Current Assets    
Cash and cash equivalents $ 8,955,672 $ 3,912,135
Trade accounts receivable, net 4,213,920 4,406,704
Accounts receivable, related party 3,472,038 3,446,114
Notes receivable, net 451,098 425,197
Inventory 3,463,368 2,882,869
Other current assets 251,191 373,310
Total Current Assets 20,807,287 15,446,329
Security deposits 42,670 42,670
Property and equipment, net 314,383 307,524
Right-of-use assets, net 1,186,467
Investments in unconsolidated entities 207,500 207,500
TOTAL ASSETS 22,558,307 16,004,023
Current Liabilities    
Accounts payable 1,362,287 1,107,786
Notes payable 744,635 2,123,208
Accrued sales commissions payable, including, $1,290,599 at July 31, 2019 and $1,365,705 at April 30, 2019, payable with stock warrants 8,804,455 7,402,659
Accrued and other current liabilities 6,479,787 5,818,061
Income taxes payable 300,000
Current portion of convertible notes payable 600,000 855,000
Total Current Liabilities 18,291,164 17,306,714
Lease liability, long-term 820,754
Convertible notes payable, net of unamortized debt discount of $31,914 at July 31, 2019 and $34,433 at April 30, 2019 18,086 15,567
TOTAL LIABILITIES 19,130,004 17,322,281
Commitments and contingencies
Stockholders' Deficit    
Additional paid in capital 37,470,934 31,870,020
Shares to be issued 21,300 21,000
Stock subscriptions receivable (114,405) (114,405)
Accumulated deficit (33,966,427) (33,111,921)
Total Stockholders' Deficit 3,428,303 (1,318,258)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 22,558,307 16,004,023
Series A Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock, Value 3,263 4,288
Series B Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock, Value 1,000 1,000
Series C Convertible Preferred Stock [Member]    
Stockholders' Deficit    
Preferred stock, Value 348 352
Class A Common Stock [Member]    
Stockholders' Deficit    
Common stock, Value 11,290 10,408
Class B Common Stock [Member]    
Stockholders' Deficit    
Common stock, Value $ 1,000 $ 1,000