Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Jan. 31, 2012
Jan. 31, 2011
Income Statement [Abstract]        
Revenues $ 8,420,135 $ 11,873,417 $ 29,095,949 $ 35,566,166
Costs and expenses:        
Cost of sales 6,749,616 8,970,185 22,010,316 27,126,744
Engineering 181,142 250,362 560,505 763,364
Research and development    134,257    1,893,856
Selling, general and administrative 3,149,333 3,173,348 9,978,428 9,230,287
Impairment of capitalized software 2,387,241    2,387,241   
Total costs and expenses 12,467,332 12,528,152 34,936,490 39,014,251
Loss from operations (4,047,197) (654,735) (5,840,541) (3,448,085)
Other income (expense):        
Interest expense, net (100,077) (104,876) (298,294) (183,519)
Currency gain (loss) (30,456) (54,011) (71,727) (138,640)
Other income (expense), net    (20,000)    (17,015)
Total other expense, net (130,533) (178,887) (370,021) (339,174)
Loss before income taxes (4,177,730) (833,622) (6,210,562) (3,787,259)
Income tax expense 4,881 5,116 4,881 5,116
Net loss $ (4,182,611) $ (838,738) $ (6,215,443) $ (3,792,375)
Net loss per share of common stock        
Basic $ (0.39) $ (0.09) $ (0.59) $ (0.43)
Diluted $ (0.39) $ (0.09) $ (0.59) $ (0.43)