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Stock-based Payments (Tables)
12 Months Ended
Apr. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Stock-based Compensation, Allocation of Recognized Period Costs
Stock-based compensation costs were recorded as follows (in thousands):
 
Year Ended April 30,
 
2017
 
2016
General and administrative
$
2,193

 
$
2,035

Sales and marketing
201

 
198

Research and development
216

 
308

TOS cost of sales
50

 
31

POS cost of sales
2

 
27

 
 
 
 
Total stock-based compensation expense
$
2,662

 
$
2,599

Schedule of Stock-based Payment Award, Stock Options, Valuation Assumptions
Black-Scholes assumptions used to calculate the fair value of options granted during the years ended April 30, 2017 and 2016 were as follows:
 
Year Ended April 30,
 
2017
 
2016
Expected term in years
3 - 6
 
2.5 - 6.0
Risk-free interest rates
0.6% - 1.9%
 
0.6% - 1.8%
Volatility
72% - 88%
 
83% - 93%
Dividend yield
—%
 
—%
Schedule of Stock-based Compensation, Stock Options, Activity
The Company’s stock options activity and related information as of and for the years ended April 30, 2017 and 2016 is as follows:
 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2016
51,250

 
2,161,507

 
2,212,757

 
$
5.58

 
6.1
 
$
10,000

Granted

 
2,420,681

 
2,420,681

 
1.99

 
 
 
 

Exercised

 

 

 

 
 
 
 

Canceled

 
(1,793,779
)
 
(1,793,779
)
 
4.92

 
 
 
 

Forfeited

 
(421,487
)
 
(421,487
)
 
2.03

 
 
 
 

Expired
(1,250
)
 
(108,218
)
 
(109,468
)
 
7.86

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2017
50,000

 
2,258,704

 
2,308,704

 
2.86

 
6.1
 
$
1,282,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2017
50,000

 
2,258,704

 
2,308,704

 
 

 
6.1
 
$
1,282,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2017
33,336

 
2,028,469

 
2,061,805

 
2.93

 
5.9
 
$
1,101,000

 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2015
57,917

 
1,946,085

 
2,004,002

 
$
5.74

 
6.7
 
$
4,166,000

Granted

 
343,749

 
343,749

 
5.33

 
 
 
 

Exercised

 

 

 

 
 
 
 

Canceled

 

 

 

 
 
 
 

Forfeited

 
(42,515
)
 
(42,515
)
 
6.90

 
 
 
 

Expired
(6,667
)
 
(85,812
)
 
(92,479
)
 
6.97

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2016
51,250

 
2,161,507

 
2,212,757

 
5.58

 
6.1
 
$
10,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2016
51,250

 
2,161,507

 
2,212,757

 
 

 
6.1
 
$
10,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2016
34,271

 
1,703,035

 
1,737,306

 
5.71

 
5.6
 
$
9,000

Schedule Of Stock-based Compensation Warrants Activity
Activity related to these warrants, which expire at various dates through January 2019, is summarized as follows:
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2016
2,109,840

 
$
5.54

 
3.6

 
$

Granted

 

 

 

Exercised

 

 

 

Forfeited

 

 

 

Expired
(105,556
)
 
4.80

 

 

 
 
 
 
 
 
 
 
Outstanding, April 30, 2017
2,004,284

 
$
5.57

 
2.8

 
$


 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2015
2,109,840

 
$
5.54

 
4.6

 
$
3,248

Granted

 

 
0

 

Exercised

 

 

 

Forfeited

 

 

 

Expired

 

 

 

 
 
 
 
 
 
 
 
Outstanding, April 30, 2016
2,109,840

 
$
5.54

 
3.6

 
$