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 9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2017
Jan. 31, 2016
Income Statement [Abstract]        
Revenues $ 3,492,011 $ 6,603,463 $ 13,085,947 $ 19,991,917
Costs and expenses:        
Cost of sales 2,918,885 5,298,101 10,936,698 16,080,770
Engineering 44,808 35,047 142,888 135,286
Selling, general and administrative 998,180 1,678,454 3,578,747 4,362,443
Total costs and expenses 3,961,873 7,011,602 14,658,333 20,578,499
Loss from operations (469,862) (408,139) (1,572,386) (586,582)
Other income (expense):        
Interest expense (25,458) (46,638) (104,247) (163,008)
Other loss (4,978) (17,246) (10,046) (9,957)
Gain on debt extinguishment 22,033 22,033
Total other expense, net (30,436) (41,851) (114,293) (150,932)
Loss before income taxes (500,298) (449,990) (1,686,679) (737,514)
Gain on sale of State NOL 190,462
Net loss (500,298) (449,990) (1,686,679) (547,052)
Dividend - Series A preferred stock (121,609)
Net loss allocated to common shareholders $ (500,298) $ (449,990) $ (1,686,679) $ (668,660)
Net loss per share of common stock basic and diluted $ (00.13) $ (0.32) $ (0.51) $ (0.58)
Weighted average common shares outstanding basic and diluted 3,972,570 1,406,305 3,289,147 1,159,533