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Share-Based Payments (Tables)
12 Months Ended
Apr. 30, 2014
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 costs were recorded as follows (in thousands):
 
 
 
Year Ended April 30,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
General and administrative
 
$
2,298
 
$
1,984
 
Sales and marketing
 
 
352
 
 
263
 
Research and development
 
 
36
 
 
37
 
TOS cost of sales
 
 
56
 
 
20
 
POS cost of sales
 
 
65
 
 
72
 
 
 
 
 
 
 
 
 
Total stock-based compensation expense
 
$
2,807
 
$
2,376
 
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 years ended April 30, 2014 and 2013 were as follows:
 
 
 
Year Ended April 30,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
Expected term in years
 
3.0 - 6.0
 
3.0 - 6.0
 
Risk-free interest rates
 
0.7% - 2.4%
 
0.7% - 1.3%
 
Volatility
 
84% - 102%
 
88% - 104%
 
Dividend yield
 
0%
 
0%
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The Company’s stock options activity and related information as of and for the years ended April 30, 2014 and 2013 is as follows (dollars in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
-
 
 
9,793,332
 
 
9,793,332
 
 
1.23
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
(33,750)
 
 
(33,750)
 
 
0.63
 
 
 
 
 
 
 
Canceled
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
(72,500)
 
 
(72,500)
 
 
0.82
 
 
 
 
 
 
 
Expired
 
 
-
 
 
(226,250)
 
 
(226,250)
 
 
0.73
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2014
 
 
765,000
 
 
22,586,037
 
 
23,351,037
 
 
1.01
 
 
7.5
 
$
985,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2014
 
 
765,000
 
 
22,586,037
 
 
23,351,037
 
 
 
 
 
7.5
 
$
985,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of April 30, 2014
 
 
522,292
 
 
13,042,285
 
 
13,564,577
 
 
0.85
 
 
6.1
 
$
927,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
 
Directors
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
Non-
 
and
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Employees
 
Employees
 
Total
 
Price
 
Life (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, May 1, 2012
 
 
1,410,000
 
 
13,456,038
 
 
14,866,038
 
$
0.88
 
 
7.6
 
$
-
 
Granted
 
 
130,000
 
 
611,250
 
 
741,250
 
 
0.41
 
 
 
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
 
 
 
 
Canceled
 
 
-
 
 
(25,000)
 
 
(25,000)
 
 
0.62
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
(551,250)
 
 
(551,250)
 
 
0.72
 
 
 
 
 
 
 
Expired
 
 
(775,000)
 
 
(365,833)
 
 
(1,140,833)
 
 
0.95
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2013
 
 
765,000
 
 
13,125,205
 
 
13,890,205
 
 
0.85
 
 
7.0
 
$
89,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2013
 
 
765,000
 
 
13,125,205
 
 
13,890,205
 
 
 
 
 
7.0
 
$
89,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable as of April 30, 2013
 
 
458,334
 
 
10,886,120
 
 
11,344,454
 
 
0.86
 
 
6.9
 
$
54,000
 
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 for the years ended April 30, 2014 and 2013 is as follows (dollars in thousands):
 
 
 
2014
 
2013
 
 
 
 
 
Weighted
 
 
 
Weighted
 
 
 
 
 
Average
 
 
 
Average
 
 
 
 
 
Grant Date
 
 
 
Grant Date
 
 
 
Total
 
Fair Value
 
Total
 
Fair Value
 
 
 
Shares
 
Per Share
 
Shares
 
Per Share
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonvested, beginning of period
 
50,000
 
$
0.30
 
25,000
 
$
0.75
 
Granted
 
-
 
 
-
 
100,000
 
 
0.30
 
Vested
 
(50,000)
 
 
0.30
 
(75,000)
 
 
0.45
 
Forfeited
 
-
 
 
-
 
-
 
 
 
 
Expired
 
-
 
 
-
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonvested, end of period
 
-
 
 
-
 
50,000
 
 
0.30
 
Schedule Of Share Based Compensation Warrants 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
 
-
 
 
-
 
 
 
 
 
 
Forfeited
 
-
 
 
-
 
 
 
 
 
 
Expired
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2014
 
3,276,667
 
$
0.61
 
2.9
 
$
984,333
 
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
Number
 
Average
 
Remaining
 
Aggregate
 
 
 
of
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Shares
 
Price
 
Life (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, May 1, 2012
 
 
1,416,667
 
$
0.50
 
 
3.8
 
$
-
 
Granted
 
 
1,860,000
 
 
0.66
 
 
4.8
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
 
 
 
Forfeited
 
 
-
 
 
-
 
 
 
 
 
 
 
Expired
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2013
 
 
3,276,667
 
$
0.61
 
 
3.9
 
$
-