Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Jan. 31, 2014
Jan. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Revenues $ 1,002,167 $ 831,562 $ 2,817,497 $ 2,257,354
Operating expenses        
Cost of revenues (exclusive of amortization expense included in depreciation and amortization shown separately below) 555,625 557,689 1,558,599 1,579,813
General and administrative 1,697,403 1,043,461 4,698,343 3,547,485
Receivable collateral valuation reserve 123,647    123,647 502,316
Depreciation and amortization 121,904 111,862 350,990 316,141
Total operating expenses 2,498,579 1,713,012 6,731,579 5,945,755
Operating loss from continuing operations (1,496,412) (881,450) (3,914,082) (3,688,401)
Other income (expense):        
Interest income 136 3,479 750 4,037
Interest expense (260,062) (6,395) (398,916) (363,528)
Total other expense, net (259,926) (2,916) (398,166) (359,491)
Loss from continuing operations before income taxes (1,756,338) (884,366) (4,312,248) (4,047,892)
Income tax expense (benefit)            
Loss from continuing operations (1,756,338) (884,366) (4,312,248) (4,047,892)
Discontinued operations (Note 1)        
Income (loss) from discontinued operations, net of income taxes 29,751 (150,223) 84,663 (10,048)
Net loss $ (1,726,587) $ (1,034,589) $ (4,227,585) $ (4,057,940)
Loss per share from continuing operations - basic and diluted $ (0.03) $ (0.02) $ (0.07) $ (0.09)
Income (loss) per share from discontinued operations - basic and diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net loss per share - basic and diluted $ (0.03) $ (0.02) $ (0.07) $ (0.09)
Weighted average number of common shares outstanding:        
basic and diluted 59,780,884 43,749,427 59,098,885 46,595,461