XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Operating activities:    
Net loss $ (674,157) $ (2,546,449)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 564,000 1,129,000
Depreciation expense 42,000 45,000
Provision for bad debts 14,000 (2,000)
Issuance of common stock for services 0 15,000
Changes in operating assets and liabilities:    
Accounts receivable (407,000) (314,000)
Prepaid expenses and other current assets (60,000) 94,000
Accounts payable (120,000) (387,000)
Accrued liabilities (134,000) (51,000)
Other non-current liability 0 20,000
Deferred revenue (1,173,000) (442,000)
Net cash used in operating activities (1,948,000) (2,439,000)
Investing activities:    
Purchase of property and equipment (910,000) (17,000)
Net cash used in investing activities (910,000) (17,000)
Financing activities:    
Proceeds from June 2016 Public Offering, net of financing costs of $742 0 4,340,000
Capital lease payments (7,000) (6,000)
Net cash (used in)/provided by financing activities (7,000) 4,334,000
(Decrease)/Increase in cash and cash equivalents. (2,865,000) 1,878,000
Cash and cash equivalents, beginning of period 3,295,000 2,585,000
Cash and cash equivalents, end of period $ 430,000 $ 4,463,000