Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net loss	$ (1,915)	$ (1,221)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	87	131
Bad debt expense	11	166
Stock-based compensation expense	476	746
Amortization of deferred gain in sale leaseback	(72)	(72)
Gain on debt extinguishment		(22)
Changes in assets and liabilities
Decrease (increase) in accounts receivable	919	(741)
Decrease in inventories	391	753
Increase in other current assets	(319)	(54)
Decrease (increase) in other assets	(4)	19
Increase (decrease) in accounts payable	266	(71)
Decrease in accrued liabilities	(58)	(123)
Net cash used in operating activities	(218)	(489)
Cash flows from investing activities:
Additions to property and equipment		(21)
Net cash used in investing activities		(21)
Cash flows from financing activities:
Net repayments under revolving credit line	(436)	(333)
Repayment of convertible notes		(28)
Proceeds from note payable	250
Proceeds from sales of preferred shares	503	100
Proceeds from sale of common stock		500
Net cash provided by financing activities	317	239
Net increase (decrease) in cash	99	(271)
Cash at beginning of the year	56	327
Cash at end of the year	155	56
Cash paid in the period for :
Interest	136	199
Taxes		3
Supplemental disclosures of cash flow information:
Non-cash preferred stock dividends	544	122
Issuance of common stock for accrued dividend on Series A preferred stock		233
Issuance of preferred B preferred stock for extinguishment of convertible		600
Exchange common warrant for series B preferred stock		807
Exchange of series A preferred stock for series B preferred stock		1,572
Exchange of B preferred stock for accrued interest		72
Conversion of series B preferred stock into common stock	4,045	50
Conversion of series A preferred stock into common stock		365
Conversion of series D preferred stock into common stock	$ 503