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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2011
Apr. 30, 2011
ASSETS    
Cash and cash equivalents $ 7,119 $ 10,457
Accounts receivable, net of allowance for doubtful accounts 832 585
Grant receivable 517 517
Prepaid expenses and other current assets 328 276
Total current assets 8,796 11,835
Restricted cash 150 0
Property and equipment, net 257 146
Goodwill 669 669
Total assets 9,872 12,650
LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' EQUITY (DEFICIT)    
Accounts payable 1,294 1,580
Accrued liabilities 223 302
Deferred revenue 1,899 1,618
Total current liabilities 3,416 3,500
Warrant liability 684 972
Total liabilities 4,100 4,472
Redeemable common stock; $0.001 par value; 12,533,333 contingently puttable common shares outstanding as of October 31, 2011 and April 30, 2011 8,159 8,159
Stockholders' equity (deficit):    
Preferred stock, $10 par value; 56,075 shares authorized; no shares issued and outstanding as of October 31, 2011 and April 30, 2011 0 0
Common stock, $.001 par value; 125,000,000 shares authorized, including redeemable common stock, 37,451,691 and 36,956,667 shares issued and 34,465,000 and 33,870,000 shares outstanding as of October 31, 2011 and April 30, 2011, respectively 37 37
Treasury stock, at cost, 3,236,000 common shares as of October 31, 2011 and April 30, 2011, respectively (1,252) (1,252)
Additional paid-in capital 19,750 17,784
Accumulated deficit (20,869) (16,482)
Accumulated other comprehensive income (loss) (53) (68)
Total stockholders' equity (deficit) (2,387) 19
Total liabilities, redeemable common stock and stockholders' equity (deficit) $ 9,872 $ 12,650