• Filing Date: 2012-12-13
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.6
INTERIM CONSOLIDATED BALANCE SHEETS (USD $)
Oct. 31, 2012
Apr. 30, 2012
Current assets:    
Cash $ 11,669,746 $ 8,154,139
Accounts receivable (net of allowance for doubtful accounts of $328,188 and $334,294 respectively) 4,733,123 4,014,472
Prepaid expenses and deposits 83,861 170,556
Total current assets 16,486,730 12,339,167
Deposits 126,551 62,521
Equipment 233,282 101,024
Intangible assets (net of accumulated amortization of $5,909,873 and $5,890,282, respectively) 19,425 38,853
Derivative instruments 65,461 0
Goodwill 8,783,088 8,957,977
Other assets 84,819 44,402
Total Assets 25,799,356 21,543,944
Current liabilities:    
Accounts payable and accrued liabilities 2,318,598 2,416,489
Derivative instruments 969,451 2,026,944
Unearned revenue 1,594,643 1,308,174
Customer deposits 13,872 13,872
Accrued warranty 87,555 84,948
Total current liabilities 4,984,119 5,850,427
Deferred lease inducements 45,314 56,082
Unrecognized tax benefit 98,575 98,575
Total liabilities 5,128,008 6,005,084
Stockholders' equity:    
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: October 31, 2012 - 1; April 30, 2012 - 1 0 0
Common stock, $0.001 par value Authorized: 83,076,900 Issued and outstanding: October 31, 2012 - 41,724,874; April 30, 2012 - 39,960,479 41,725 39,961
Additional paid-in capital 65,742,529 61,025,529
Accumulated deficit (44,904,338) (45,446,771)
Accumulated other comprehensive income - currency translation adjustment (208,568) (79,859)
Total stockholders' equity 20,671,348 15,538,860
Liabilities and Stockholders' Equity $ 25,799,356 $ 21,543,944