• Filing Date: 2019-07-11
  • Form Type: 10-K
  • Description: Annual report
v3.19.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Revenue    
Software $ 4,660,660 $ 6,338,512
Subscription, support and maintenance 5,366,290 4,273,410
Professional services and other 737,954 1,769,819
Total revenue 10,764,904 12,381,741
Operating expenses:    
Cost of sales (includes depreciation of $529 (2018 - $6,337)) 2,223,984 1,629,814
Sales and marketing 4,061,921 4,266,716
Research and development 5,547,587 5,506,887
General and administrative 4,098,173 3,772,094
Total operating expenses 15,931,665 15,175,511
Loss from operations (5,166,761) (2,793,770)
Interest and other (expense) income, net    
Interest and other income 2,145 3
Interest expense (107,323) (364)
Foreign exchange (loss) gain 256,765 (426,539)
Change in fair value of derivative instruments 1,735  
Total interest and other (expense) income, net 153,322 (426,900)
Net loss for the year $ (5,013,439) $ (3,220,670)
Net loss per share:    
Basic and diluted (in dollars per share) $ (0.84) $ (0.59)
Weighted average common shares outstanding:    
Basic and diluted (in shares) 5,942,096 5,496,201