Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
Income Statement [Abstract]        
Revenues $ 4,679,079 $ 6,050,772 $ 9,593,936 $ 13,388,454
Costs and expenses:        
Cost of sales 3,828,573 4,848,192 8,017,813 10,782,669
Engineering 42,054 46,280 98,080 100,239
Selling, general and administrative 1,024,617 1,279,723 2,580,567 2,683,989
Total costs and expenses 4,895,244 6,174,195 10,696,460 13,566,897
Loss from operations (216,165) (123,423) (1,102,524) (178,443)
Other income (expense):        
Interest expense (39,996) (53,726) (78,789) (116,370)
Other income (loss) (3,277) 6,881 (5,068) 7,289
Total other expense, net (43,273) (46,845) (83,857) (109,081)
Loss before income taxes (259,438) (170,268) (1,186,381) (287,524)
Gain on sale of State NOL 190,462 190,462
Net income (loss) (259,438) 20,194 (1,186,381) (97,062)
Dividend - Series A preferred stock (58,949) (121,609)
Net loss allocated to common shareholders $ (259,438) $ (38,755) $ (1,186,381) $ (218,671)
Net loss per share of common stock basic and diluted $ (0.07) $ (0.03) $ (0.40) $ (0.21)
Weighted average common shares outstanding basic and diluted 3,709,819 1,178,679 2,942,591 1,036,141