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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Operating activities:    
Net loss $ (13,140) $ (7,406)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation and modification expense 3,162 2,807
Net foreign currency remeasurement loss 0 124
Depreciation and amortization expense 214 213
Change in fair value of warrant liability (981) 965
Modification of warrant liability 586 0
Gain/loss on sales of assets 5 0
Changes in operating assets and liabilities:    
Accounts receivable 265 (825)
Prepaid expenses, deposits and other 37 (68)
Restricted cash 2 27
Accounts payable 433 (223)
Accrued liabilities (232) (24)
Other Non-current liability 100 0
Deferred revenue (82) 977
Net cash used in operating activities (9,630) (3,433)
Investing activities:    
Purchase of property and equipment (119) (234)
Proceeds from sale of fixed assets 5 0
Net cash used in investing activities (114) (234)
Financing activities:    
Private placement financing, net of financing costs of $880k 11,220 0
Proceeds from Executive Note financing 2,000 0
Capital lease payments (12) 0
Proceeds from exercise of options and warrants 2 21
Net cash provided by financing activities 13,210 21
Exchange rate effect on cash and cash equivalents 0 (24)
Increase (decrease) in cash and cash equivalents 3,466 (3,670)
Cash and cash equivalents, beginning of year 5,891 9,561
Cash and cash equivalents, end of year 9,357 5,891
Non-cash investing and financing activities:    
Purchased equipment under capital lease 124 0
Conversion of executive note financing 2,000 0
Reclassification of warrant liability to equity $ 1,616 $ 0