Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Revenues $ 17,402 $ 25,182
Costs and expenses:    
Cost of sales 14,468 20,464
Engineering 185 191
Selling, general and administrative 4,516 5,767
Total costs and expenses 19,169 26,422
Loss from operations (1,767) (1,240)
Other income (expense):    
Interest expense (136) (199)
Foreign currency transactions gains (losses) (12) 9
Gain on debt extinguishment 22
Total other expenses, net (148) (168)
Loss before income taxes (1,915) (1,408)
Gain on sale of State NOL 190
Income tax expense (3)
Total tax benefit (expense) 187
Net loss (1,915) (1,221)
Net loss allocated to common shareholders  $ (2,459) $ (1,343)
Net loss per common share:    
Basic and diluted $ (2.70) $ (4.28)
Weighted average common shares outstanding    
Basic and diluted 910,132 313,853
Series D Preferred Stock [Member]    
Other income (expense):    
Dividend – preferred stock $ 544
Series A Preferred Stock [Member]    
Other income (expense):    
Dividend – preferred stock $ 122