Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.3.1.900
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Income Statement [Abstract]        
Revenues $ 6,050,772 $ 6,879,716 $ 13,388,454 $ 14,604,753
Costs and expenses:        
Cost of sales 4,848,192 5,871,582 10,782,669 12,347,814
Engineering 46,280 151,734 100,239 317,289
Selling, general and administrative 1,279,723 1,667,084 2,683,989 3,311,292
Total costs and expenses 6,174,195 7,690,400 13,566,897 15,976,395
Loss from operations (123,423) (810,684) (178,443) (1,371,642)
Other income (expense):        
Interest expense, net (53,726) $ (683,345) (116,370) $ (877,032)
Gain on sale of state NOL 190,462 190,462
Currency gain (loss) 6,881 $ (12,932) 7,289 $ (15,204)
Total other expense, net 143,617 (696,277) 81,381 (892,236)
Income (loss) before income taxes $ 20,194 $ (1,506,961) $ (97,062) (2,263,878)
Income tax expense (benefit) 2,850
Net income (loss) $ 20,194 $ (1,506,961) $ (97,062) $ (2,266,728)
Dividend – Series A preferred stock 58,949 121,609
Net loss allocated to common shareholders $ (38,755) $ (1,506,961) $ (218,671) $ (2,266,728)
Net loss per share of common stock        
Basic and diluted $ (.01) $ (.63) $ (.07) $ (.94)
Weighted average common shares outstanding        
Basic and diluted 3,536,037 2,410,512 3,108,422 2,410,512