Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2016
Apr. 30, 2016
Current assets:    
Cash and cash equivalents $ 148,676 $ 56,262
Accounts receivable 1,616,988 2,746,010
Inventories, net 1,269,167 1,335,654
Other current assets 216,285 122,775
Total current assets 3,251,116 4,260,701
Property and equipment, net 39,754 50,754
Other assets 34,151 29,479
Capitalized software development costs 313,224 326,274
Goodwill 1,083,555 1,083,555
Total assets 4,721,800 5,750,763
Current liabilities:    
Note payable-revolving credit line 1,048,726 1,775,839
Accounts payable 971,478 736,922
Accrued liabilities 132,349 158,869
Convertible notes payable related parties 80,000 80,000
Total current liabilities 2,232,553 2,751,630
Other liabilities 95,555 107,499
Total liabilities 2,328,108 2,859,129
Stockholders' equity:    
Common Stock 3,698 1,644
Additional paid-in capital 28,397,992 24,556,425
Accumulated deficit (26,638,384) (25,711,442)
Total stockholders' equity 2,393,692 2,891,634
Total liabilities and stockholders' equity 4,721,800 5,750,763
Series A Preferred Shares    
Stockholders' equity:    
Preferred stock
Series B Preferred Shares    
Stockholders' equity:    
Preferred stock $ 630,386 $ 4,045,007