Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Apr. 30, 2017 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Accounts Receivable |
Accounts receivable consist of the following:
| |
|
April 30,
2017
|
|
|
April 30,
2016
|
|
| Trade receivables |
|
$ |
1,736,000 |
|
|
$ |
2,656,000 |
|
| VAT receivable |
|
|
130,000 |
|
|
|
190,000 |
|
| Allowance for doubtful accounts and sales returns |
|
|
(50,000 |
) |
|
|
(100,000 |
) |
| |
|
$ |
1,816,000 |
|
|
$ |
2,746,000 |
|
|
| Schedule of Inventories |
Inventories consist of the following:
| |
|
April 30,
2017
|
|
|
April 30,
2016
|
|
| Raw materials |
|
$ |
811,000 |
|
|
$ |
955,000 |
|
| Work in progress |
|
|
20,000 |
|
|
|
5,000 |
|
| Finished goods |
|
|
204,000 |
|
|
|
566,000 |
|
| Allowance for excess and slow moving inventory |
|
|
(90,000 |
) |
|
|
(190,000 |
) |
| |
|
$ |
945,000 |
|
|
$ |
1,336,000 |
|
|
| Schedule of Property and Equipment |
As of April 30,
2017 and 2016 fixed assets and accumulated depreciation and amortization balances:
| |
|
2017 |
|
|
2016 |
|
| Equipment |
|
$ |
502,000 |
|
|
$ |
502,000 |
|
| Leasehold improvement |
|
|
608,000 |
|
|
|
608,000 |
|
| Total Property and Equipment |
|
|
1,110,000 |
|
|
|
1,110,000 |
|
| Less: Accumulated depreciation and amortization |
|
|
(1,094,000 |
) |
|
|
(1,059,000 |
) |
| Net property and equipment |
|
$ |
16,000 |
|
|
$ |
51,000 |
|
|
| Schedule of Finite Lived Intangible Assets Future Amortization |
The Capitalized
Software amortization to be recorded for the periods ending April 30:
| |
|
|
Amortization |
|
| |
|
|
to be recorded |
|
| |
2018 |
|
|
|
52 |
|
| |
2019 |
|
|
|
52 |
|
| |
2020 |
|
|
|
52 |
|
| |
2021 |
|
|
|
52 |
|
| |
2022 |
|
|
|
52 |
|
| |
Thereafter |
|
|
|
14 |
|
| |
Total |
|
|
|
274 |
|
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Anti-dilutive securities
consisted of the following at April 30:
| |
|
2017 |
|
|
2016 |
|
| Convertible notes – USG |
|
|
54,347 |
|
|
|
- |
|
| Convertible notes – related parties |
|
|
2,782 |
|
|
|
2,267 |
|
| Series B preferred shares |
|
|
- |
|
|
|
552,597 |
|
| Warrants |
|
|
33,416 |
|
|
|
51,906 |
|
| Total |
|
|
90,545 |
|
|
|
606,770 |
|
|
| Schedule of Product Warranty Accruals |
The Company accrues
estimated product warranty costs at the time of sale and any additional amounts are recorded when such costs are probable and can
be reasonably estimated, such amounts in fiscal years ended April 30, 2017 and 2016 were as follows:
| |
|
|
Balance |
|
|
Charges to |
|
|
|
|
|
Balance |
|
| |
|
|
Beginning |
|
|
Costs and |
|
|
|
|
|
End |
|
| |
|
|
of Year |
|
|
Expenses |
|
|
Deductions |
|
|
of Year |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended April 30, 2017 |
|
|
$ |
10,000 |
|
|
$ |
- |
|
|
$ |
(5,500 |
) |
|
$ |
4,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended April 30, 2016 |
|
|
$ |
10,000 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
10,000 |
|
|