• Filing Date: 2019-07-11
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2019
Apr. 30, 2018
Current assets:    
Cash $ 1,862,458 $ 2,348,883
Accounts receivable (net of allowance for doubtful accounts of $619,514 (2018 - $322,638)) 1,876,896 3,509,010
Deferred sales commission costs - current 122,777  
Derivative assets 1,178  
Prepaid expenses and other current assets 263,078 191,245
Total current assets 4,126,387 6,049,138
Deposits 94,829 98,633
Deferred sales commission costs - non-current 77,571  
Equipment 59,914 121,819
Goodwill 6,541,290 6,843,575
Intangibles and other assets 224,795 221,062
Total Assets 11,124,786 13,334,227
Current liabilities:    
Accounts payable and accrued liabilities 2,233,875 2,437,733
Derivative liability 4,512  
Unearned revenue 2,593,726 2,565,876
Customer deposits 947 2,200
Accrued warranty 63,130 54,365
Total current liabilities 4,885,095 5,068,939
Deferred lease inducements 4,031 14,339
Loan payable 3,000,000  
Unrecognized tax liability 9,763 9,763
Total liabilities 7,898,889 5,093,041
Stockholders' equity:    
Preferred stock, $0.001 par value Authorized: 100,000,000 Issued and outstanding: April 30, 2019 - nil; April 30, 2018 - nil
Common stock, $0.001 par value - Note 10 Authorized: 100,000,000 Issued: April 30, 2019 - 5,950,246; April 30, 2018 - 5,930,468 5,950 5,931
Additional paid-in capital 75,667,533 75,170,181
Accumulated deficit (68,581,091) (63,701,685)
Accumulated other comprehensive loss - currency translation adjustment (3,866,495) (3,233,241)
Total stockholders' equity 3,225,897 8,241,186
Liabilities and Stockholders' Equity $ 11,124,786 $ 13,334,227