Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Oct. 31, 2015 |
Oct. 31, 2014 |
Oct. 31, 2015 |
Oct. 31, 2014 |
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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 |
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- References No definition available.
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of the licensed software. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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