Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Cash flows from operating activities:    
Net loss $ (6,215,443) $ (3,792,375)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 525,699 779,646
Bad debt expense (recovery) 17,885 (4,444)
Stock-based compensation expense 378,523 461,416
Gain on sale of property and equipment    (2,472)
Impairment of software development costs 2,387,241   
Changes in assets and liabilities:    
Decrease in accounts receivable 1,849,199 1,775,567
Decrease in inventories 2,138,100 1,763,709
Decrease (increase) in other current assets 30,992 (241,241)
Decrease in other assets 29,150 21,624
Decrease in accounts payable (2,239,106) (1,324,099)
Increase (decrease) in accrued liabilities 18,427 (1,033,312)
Net cash used in operating activities (1,079,333) (1,595,981)
Cash flows from investing activities:    
Acquisition of business (211,053) (432,074)
Additions to property and equipment (223,948) (135,210)
Software development cost (907,069) (768,024)
Proceeds from sale of property and equipment    9,985
Net cash used in investing activities (1,342,070) (1,325,323)
Cash flows from financing activities:    
Net proceeds (payments) of borrowings under revolving credit line (683,051) 1,366,934
Net proceeds (payments) of note payable to related party 500,000 (500,000)
Net proceeds from sale of common shares under stock option plan    12,800
Net proceeds from sale of common stock 2,997,875   
Net cash provided by financing activities 2,814,824 879,734
Net increase (decrease) in cash and cash equivalents 393,421 (2,041,570)
Cash and cash equivalents at beginning of period 345,105 2,507,456
Cash and cash equivalents at end of period 738,526 465,886
Supplemental disclosure of non-cash financing activities:    
Borrowings from and repayments to related party 1,500,000   
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 277,212 179,273
Cash paid during the period for income taxes $ 4,881 $ 5,116