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Share-Based Payments (Tables)
3 Months Ended
Jul. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
Stock-based compensation expense was recognized as follows (in thousands):
 
 
 
Three Months Ended July 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
General and administrative
 
 
419
 
 
570
 
Sales and marketing
 
 
63
 
 
82
 
Research and development
 
 
13
 
 
24
 
TOS cost of sales
 
 
8
 
 
8
 
POS cost of sales
 
 
49
 
 
55
 
 
 
 
 
 
 
 
 
Total stock-based compensation expense
 
 
552
 
 
739
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Black-Scholes assumptions used to calculate the fair value of options granted during the three months ended July 31, 2013 and 2012 were as follows (in thousands):
 
 
 
Three Months Ended July 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Expected term in years
 
 
6.0
 
 
6.0
 
Risk-free interest rates
 
 
1.38% to 1.91%
 
 
0.8% to 0.9%
 
Volatility
 
 
96.4% to 100.6%
 
 
98.5% to 98.8%
 
Dividend yield
 
 
0%
 
 
0%
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The Company’s stock options activity for the three months ended July 31, 2013 is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
 
Directors
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
Non-
 
and
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Employees
 
Employees
 
Total
 
Price
 
Life (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, May 1, 2013
 
 
765,000
 
 
13,125,205
 
 
13,890,205
 
$
0.85
 
 
7.0
 
$
89,000
 
Granted
 
 
-
 
 
310,000
 
 
310,000
 
 
0.53
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
(12,500)
 
 
(12,500)
 
 
0.50
 
 
 
 
 
 
 
Expired
 
 
-
 
 
(26,250)
 
 
(26,250)
 
 
0.75
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, July 31, 2013
 
 
765,000
 
 
13,396,455
 
 
14,161,455
 
 
0.85
 
 
6.8
 
 
3,062,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of July 31, 2013
 
 
765,000
 
 
13,396,455
 
 
14,161,455
 
 
0.85
 
 
6.8
 
 
3,062,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of July 31, 2013
 
 
488,334
 
 
12,077,370
 
 
12,565,704
 
 
0.85
 
 
6.7
 
 
2,703,000
 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
A summary of the activity related to restricted stock grants is as follows (in thousands):
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
 
 
 
Grant Date
 
 
 
Total
 
Fair Value
 
 
 
Shares
 
Per Share
 
 
 
 
 
 
 
 
 
Nonvested, May 1, 2013
 
 
50,000
 
$
0.30
 
Granted
 
 
-
 
 
-
 
Vested
 
 
(25,000)
 
 
0.30
 
Forfeited
 
 
-
 
 
-
 
Expired
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
Nonvested as of July 31, 2013
 
 
25,000
 
 
0.30
 
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]
Activity related to these warrants, which expire at various dates through April 2016, is summarized as follows (dollars in thousands):
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
Number
 
Average
 
Remaining
 
Aggregate
 
 
 
of
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Shares
 
Price
 
Life (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, May 1, 2013
 
 
3,276,667
 
$
0.61
 
 
3.9
 
$
-
 
Granted
 
 
-
 
 
-
 
 
-
 
 
-
 
Exercised
 
 
-
 
 
-
 
 
-
 
 
-
 
Expired
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, July 31, 2013
 
 
3,276,667
 
$
0.61
 
 
3.7
 
$
1,462,000