Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2017
Apr. 30, 2016
Current assets:    
Cash $ 43,298 $ 56,262
Accounts receivable 1,257,788 2,746,010
Inventories, net 986,606 1,335,654
Other current assets 414,777 122,775
Total current assets 2,702,469 4,260,701
Property and equipment, net 15,754 50,754
Other assets 34,151 29,479
Capitalized software development costs 287,124 326,274
Goodwill 1,083,555 1,083,555
Total assets 4,123,053 5,750,763
Current liabilities:    
Note payable-revolving credit line 869,836 1,775,839
Accounts payable 884,091 736,922
Accrued liabilities 98,420 158,869
Convertible notes payable related parties 80,000 80,000
Total current liabilities 1,932,347 2,751,630
Other liabilities 53,751 107,499
Total liabilities 1,986,098 2,859,129
Commitments and contingencies
Stockholders' equity:    
Common Stock 4,047 1,648
Additional paid-in capital 29,028,029 24,556,425
Accumulated deficit (27,398,121) (25,711,442)
Total stockholders' equity 2,136,955 2,891,634
Total liabilities and stockholders' equity 4,123,053 5,750,763
Series A Preferred Shares    
Stockholders' equity:    
Preferred stock
Series B Preferred Stock    
Stockholders' equity:    
Preferred stock 4,045,007
Series D Preferred Stock    
Stockholders' equity:    
Preferred stock $ 503,000