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Post-effective amendment to a registration statement that is not immediately effective upon filing

CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 4 Months Ended 12 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2014
Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]            
Revenues $ 1,169,860 $ 901,199 $ 1,229,096 $ 745,656 $ 3,981,722 $ 2,684,931
Operating expenses            
Cost of revenues (exclusive of depreciation and amortization shown separately below) 449,098 455,759 749,930 865,408 1,859,764 2,068,812
General and administrative 1,200,216 1,476,767 1,670,812 2,123,685 6,300,229 5,508,507
Receivable collateral valuation reserve           123,647 502,315
Depreciation and amortization 125,607 109,435 159,269 121,812 474,752 397,923
Total costs and operating expenses 1,774,921 2,041,961 2,580,011 3,110,905 8,758,392 8,477,557
Operating loss from continuing operations (605,061) (1,140,762) (1,350,915) (2,365,249) (4,776,670) (5,792,626)
Other income (expense):            
Interest income 1,671 289 330 672 1,035 4,592
Interest expense (260,871) (16,160) (6,737) (2,934) (659,997) (364,889)
Gain on disposal of property and equipment        5,879    5,879
Other Income     66,267    621   
Total other expense, net (259,200) (15,871) 59,860 3,617 (658,341) (354,418)
Loss from continuing operations before income taxes (864,261) (1,156,633) (1,291,055) (2,361,632) (5,435,011) (6,147,044)
Income tax expense (benefit)                  
Loss from continuing operations (864,261) (1,156,633) (1,291,055) (2,361,632) (5,435,011) (6,147,044)
Discontinued operations (Note 1)            
Income (loss) from discontinued operations, net of income taxes    22,263 (111,927) 148,513 84,663 136,310
Net loss (864,261) (1,134,370) (1,402,982) (2,213,119) (5,350,348) (6,010,734)
Cumulative preferred stock dividends        (37,379)    (37,379)
Net loss allocable to common stockholders     $ (1,402,982) $ (2,250,498) $ (5,350,348) $ (6,048,113)
Loss per share from continuing operations - basic and diluted $ (0.01) $ (0.02) $ (0.02) $ (0.11) $ (0.09) $ (0.17)
Income per share from discontinued operations - basic and diluted    $ 0.00 $ 0 $ 0.01 $ 0 $ 0
Net loss per share allocable to common stockholders - basic and diluted $ (0.01) $ (0.02) $ (0.03) $ (0.11) $ (0.09) $ (0.17)
Weighted average number of common shares outstanding:            
Basic and diluted 73,818,014 58,527,790 56,089,884 21,135,361 62,031,861 35,316,681