• Filing Date: 2012-09-13
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.6
Statement of Operations (USD $)
3 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Revenue - :    
Software $ 2,528,056 $ 1,584,051
Service 1,859,712 1,174,683
Total revenue 4,387,768 2,758,734
Operating expenses:    
Cost of sales (includes depreciation of $5,310 (2011 - $6,181) and amortization of intangible assets of $9,908 (2011 - $280,880) - (e)) 559,793 860,145
Sales and marketing 1,055,035 822,034
Research and development 1,361,012 992,511
General and administrative 1,379,319 1,034,274
Total operating expenses 4,355,159 3,708,964
Income (loss) from operations 32,609 (950,230)
Interest and other income (expense), net:    
Interest and other income 43,853 49,353
Interest expense (470) (171,242)
Fair value adjustment on derivative instruments - 785,128 145,714
Foreign exchange gain 6,418 687
Net income (loss) for the period 867,538 (925,718)
Other comprehensive income (loss):    
Foreign currency translation adjustments (160,566) (47,057)
Comprehensive income (loss) $ 706,972 $ (972,775)
Net income (loss) per share:    
Basic and diluted $ 0.02 $ (0.03)
Weighted average common shares outstanding: 40,727,122 35,831,910