Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.4.1.9
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Jan. 31, 2015
Jan. 31, 2014
Income Statement [Abstract]        
Revenues $ 8,050,557us-gaap_Revenues $ 7,641,079us-gaap_Revenues $ 22,655,310us-gaap_Revenues $ 22,418,038us-gaap_Revenues
Costs and expenses:        
Cost of sales 6,845,904us-gaap_CostOfGoodsSold 6,223,013us-gaap_CostOfGoodsSold 19,193,718us-gaap_CostOfGoodsSold 17,869,323us-gaap_CostOfGoodsSold
Engineering 257,827us-gaap_TechnologyServicesCosts 303,942us-gaap_TechnologyServicesCosts 575,116us-gaap_TechnologyServicesCosts 922,961us-gaap_TechnologyServicesCosts
Selling, general and administrative 1,537,144us-gaap_SellingGeneralAndAdministrativeExpense 1,910,085us-gaap_SellingGeneralAndAdministrativeExpense 4,848,436us-gaap_SellingGeneralAndAdministrativeExpense 5,580,085us-gaap_SellingGeneralAndAdministrativeExpense
Gain on asset disposal    17,916us-gaap_GainLossOnDispositionOfAssets1    120,916us-gaap_GainLossOnDispositionOfAssets1
Total costs and expenses 8,640,875us-gaap_CostOfRevenue 8,419,124us-gaap_CostOfRevenue 24,617,270us-gaap_CostOfRevenue 24,251,453us-gaap_CostOfRevenue
Loss from operations (590,318)us-gaap_OperatingIncomeLoss (778,045)us-gaap_OperatingIncomeLoss (1,961,960)us-gaap_OperatingIncomeLoss (1,833,415)us-gaap_OperatingIncomeLoss
Other income (expense):        
Interest expense, net (67,550)us-gaap_InterestIncomeExpenseNonoperatingNet (69,831)us-gaap_InterestIncomeExpenseNonoperatingNet (944,582)us-gaap_InterestIncomeExpenseNonoperatingNet (245,826)us-gaap_InterestIncomeExpenseNonoperatingNet
Currency gain (loss), net (10,336)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 1,090us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (25,540)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax 12,633us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Total other expense, net (77,886)us-gaap_NonoperatingIncomeExpense (68,741)us-gaap_NonoperatingIncomeExpense (970,122)us-gaap_NonoperatingIncomeExpense (233,193)us-gaap_NonoperatingIncomeExpense
Loss before income taxes (668,204)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (846,786)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (2,932,082)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (2,066,608)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense       2,850us-gaap_IncomeTaxExpenseBenefit   
Net loss (668,204)us-gaap_ProfitLoss (846,786)us-gaap_ProfitLoss (2,934,932)us-gaap_ProfitLoss (2,066,608)us-gaap_ProfitLoss
Less preferred stock dividends 1,628,000us-gaap_PreferredStockDividendsAndOtherAdjustments    1,628,000us-gaap_PreferredStockDividendsAndOtherAdjustments   
Net loss allocated to common shareholders $ (2,296,204)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (846,786)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (4,562,932)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (2,066,608)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net loss per share of common stock        
Basic $ (0.90)us-gaap_EarningsPerShareBasic $ (0.40)us-gaap_EarningsPerShareBasic $ (1.85)us-gaap_EarningsPerShareBasic $ (1.08)us-gaap_EarningsPerShareBasic
Diluted $ (0.90)us-gaap_EarningsPerShareDiluted $ (0.40)us-gaap_EarningsPerShareDiluted $ (1.85)us-gaap_EarningsPerShareDiluted $ (1.08)us-gaap_EarningsPerShareDiluted