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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Operating activities:    
Net loss $ (4,459,773) $ (7,872,115)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 1,901,000 2,090,000
Depreciation expense 127,000 114,000
Provision for bad debts 0 33,000
Issuance of common stock for services 20,000 0
Changes in operating assets and liabilities:    
Accounts receivable (714,000) (1,078,000)
Prepaid expenses and other current assets (98,000) (68,000)
Restricted cash 0 13,000
Accounts payable (572,000) 101,000
Accrued liabilities 55,000 (116,000)
Other non-current liability 20,000 64,000
Deferred revenue 483,000 866,000
Net cash used in operating activities (3,238,000) (5,853,000)
Investing activities:    
Purchase of property and equipment (181,000) (176,000)
Net cash used in investing activities (181,000) (176,000)
Financing activities:    
Proceeds from June 2016 Public Offering, net of financing costs of $742 4,340,000 0
Payment of issuance costs related to March 2015 Private Placement 0 (18,000)
Capital lease payments (18,000) (17,000)
Net cash provided by/(used in) financing activities 4,322,000 (35,000)
Increase/(Decrease) in cash and cash equivalents. 903,000 (6,064,000)
Cash and cash equivalents, beginning of period 2,585,000 9,357,000
Cash and cash equivalents, end of period $ 3,488,000 $ 3,293,000