• Filing Date: 2012-09-13
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.6
Statement of Financial Position (USD $)
Jul. 31, 2012
Apr. 30, 2012
Current assets:    
Cash $ 11,404,439 $ 8,154,139
Accounts receivable (net of allowance for doubtful accounts of $258,974 and $334,294, respectively) 5,391,270 4,014,472
Prepaid expenses and deposits 123,262 170,556
Total current assets 16,918,971 12,339,167
Deposits 77,741 62,521
Equipment 109,077 101,024
Intangible assets (net of accumulated amortization of $5,900,190 and $5,890,282, respectively) - (e) 29,139 38,853
Derivative instruments - 57,700 0
Goodwill - (e) 8,754,087 8,957,977
Other assets 53,582 44,402
Total Assets 26,000,297 21,543,944
Current liabilities:    
Accounts payable and accrued liabilities 2,357,631 2,416,489
Derivative instruments - 1,244,876 2,026,944
Unearned revenue 1,679,861 1,308,174
Customer deposits 13,872 13,872
Accrued warranty 94,072 84,948
Total current liabilities 5,390,312 5,850,427
Deferred lease inducements 54,758 56,082
Unrecognized tax benefit 98,575 98,575
Total liabilities 5,543,645 6,005,084
Stockholders' equity:    
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: July 31, 2012 - 1; April 30, 2012 - 1 0 0
Common stock, $0.001 par value - Authorized: 83,076,900 Issued and outstanding: July 31, 2012 - 41,563,353; April 30, 2012 - 39,960,479 41,564 39,961
Additional paid-in capital 65,234,746 61,025,529
Accumulated deficit (44,579,233) (45,446,771)
Accumulated other comprehensive income - currency translation adjustment (240,425) (79,859)
Total stockholders' equity 20,456,652 15,538,860
Liabilities and Stockholders' Equity $ 26,000,297 $ 21,543,944