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Organization, Use of Estimates and Basis of Presentation (Tables)
6 Months Ended
Oct. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
 
 
Three Months Ended
 
Six Months Ended
 
 
 
October 31,
 
October 31,
 
 
 
2015
 
2014
 
2015
 
2014
 
Basic loss per share computation
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to common stockholders
 
$
(2,548,000)
 
$
(3,078,000)
 
$
(5,461,000)
 
$
(6,684,000)
 
Weighted Average common shares – basic
 
 
8,702,237
 
 
5,573,944
 
 
8,702,237
 
 
5,573,853
 
Basic net loss per share
 
$
(0.29)
 
$
(0.55)
 
$
(0.63)
 
$
(1.20)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted loss per share computation
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to common stockholders
 
$
(2,548,000)
 
$
(3,078,000)
 
$
(5,461,000)
 
$
(6,684,000)
 
Less: Gain on derivative warrant liability
 
 
-
 
 
624,993
 
 
-
 
 
780,627
 
Loss available to common stockholders
 
$
(2,548,000)
 
$
(3,702,993)
 
$
(5,461,000)
 
$
(7,464,627)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average common shares
 
 
8,702,237
 
 
5,573,944
 
 
8,702,237
 
 
5,573,853
 
Incremental shares from assumed exercise of warrants and stock options
 
 
-
 
 
80,666
 
 
-
 
 
80,666
 
Adjusted weighted average share – diluted
 
 
8,702,237
 
 
5,654,610
 
 
8,702,237
 
 
5,654,519
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted net loss per share
 
$
(0.29)
 
$
(0.65)
 
$
(0.63)
 
$
(1.32)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table reflects the total potential share-based instruments outstanding at October 31, 2015 and 2014 that could have an effect on the future computation of dilution per common share:
 
 
 
October 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Stock options
 
 
1,977,761
 
 
2,021,393
 
Warrants
 
 
2,109,840
 
 
260,556
 
Total common stock equivalents
 
 
4,087,601
 
 
2,281,949