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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Operating activities:    
Net loss $ (8,661) $ (3,802)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,323 3,133
Income tax (benefit) expense (2) 11
Depreciation expense 105 42
Loss on disposal of property and equipment 0 1
Change in fair value of warrant liability (417) 36
Changes in operating assets and liabilities:    
Accounts receivable 1 (493)
Grant receivable 517 (517)
Prepaid expenses, deposits and other 71 217
Restricted cash (150) 0
Accounts payable 96 636
Accrued liabilities 323 62
Deferred revenue (433) 697
Other liabilities 0 (77)
Net cash used in operating activities (5,227) (54)
Investing activities:    
Purchase of property and equipment (519) (85)
Proceeds form sale of property and equipment 0 1
Net cash used in investing activities (519) (84)
Financing activities:    
Private placement of common shares and warrants (net of $305 in offering costs) 0 9,095
Purchase of treasury stock 0 (1,033)
Proceeds from exercise of options and warrants 97 21
Net cash provided by financing activities 97 8,083
Exchange rate effect on cash and cash equivalents (54) (60)
Increase (decrease) in cash and cash equivalents (5,703) 7,885
Cash and cash equivalents, beginning of year 10,457 2,572
Cash and cash equivalents, end of year $ 4,754 $ 10,457