• Filing Date: 2019-07-11
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
Revenue Recognition under ASC 606 (Tables)
12 Months Ended
Apr. 30, 2019
Condensed Balance Sheet [Table Text Block]
      Balance at     ASC 606     Balance at  
      April 30, 2018     Adjustments     May 1, 2018  
  Current assets:                  
       Deferred sales commissions costs $  –   $  70,248   $  70,248  
  Non-current assets:                  
       Deferred sales commissions costs $  –   $  63,785   $  63,785  
  Stockholders’ equity:                  
       Accumulated deficit $  (63,701,685 ) $  134,033   $  (63,567,652 )
 
      April 30, 2019  
            ASC 606     (As Reported)  
      ASC 605     Adjustments     ASC 606  
  Current assets:                  
  Deferred sales commissions costs $  –   $  122,777   $  122,777  
  Current liabilities:                  
  Unearned revenue $  2,600,682   $  (6,956 ) $  2,593,726  
  Non-current assets:                  
  Deferred sales commissions costs $  –   $  77,571   $  77,571  
  Stockholders’ equity:                  
  Accumulated deficit $  (68,774,483 ) $  193,392   $  (68,581,091 )
Condensed Income Statement [Table Text Block]
      Year ended April 30, 2019  
            ASC 606     (As Reported)  
      ASC 605     Adjustments     ASC 606  
  Revenue:                  
  Software $  4,696,266   $  (35,606 ) $  4,660,660  
  Subscription, support and maintenance   5,371,408     (5,118 )   5,366,290  
  Professional services and other   690,274     47,680     737,954  
  Total revenue $  10,757,948   $  6,956   $  10,764,904  
                     
  Operating expenses:                  
 
  Sales and marketing $  4,128,113   $  (66,192 ) $  4,061,921  
  Loss from operations $  (5,239,909 ) $  73,148   $  (5,166,761 )
                     
  Net loss per share:                  
  Basic and diluted $  (0.85 ) $  0.01   $  (0.84 )
Condensed Cash Flow Statement [Table Text Block]
      Year ended April 30, 2019  
            ASC 606     (As Reported)  
      ASC 605     Adjustments     ASC 606  
  Net loss $  (5,086,587 ) $  73,148   $  (5,013,439 )
  Deferred sales commissions costs $  –   $  (61,705 ) $  (61,705 )
  Unearned revenue $  34,806   $  (6,956 ) $  27,850  
  Net cash provided by operating activities $  (3,447,866 ) $  4,487   $  (3,443,379 )