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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Apr. 30, 2016
Accounting Policies [Abstract] |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents information about our warrant liability, which was our only financial instrument measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended April 30, 2015 (dollars in thousands):
|  | 2015
Balance beginning of year |  | $ | (2,011 | )
Transfers to (from) Level 3 |  | — |
Change in fair value included in earnings |  | 981 |
Modification Charge |  | (586 | )
Reclassification to equity |  | 1,616 |
Balance end of year |  | $ | — |
Public Utility Property, Plant, and Equipment | Property and equipment consisted of the following (in thousands):
| April 30,
| 2016 |  | 2015
Furniture and fixtures | $ | 73 |  |  | $ | 70 |
Computer equipment and software | 715 |  |  | 685 |
Laboratory equipment | 782 |  |  | 493 |
Leasehold improvements | 2 |  |  | 2 |
Total property and equipment | 1,572 |  |  | 1,250 |
Less: Accumulated depreciation and amortization | (954 | ) |  | (798 | )
Property and equipment, net | $ | 618 |  |  | $ | 452 |
Schedule of Future Minimum Lease Payments for Capital Leases | The following is a schedule by years of future minimum lease payments under this capital lease together with the present value of the net minimum lease payments as of April 30, 2016 (table in thousands):
For the Years Ended April 30, | 2017 |  | $ | 24 |
| 2018 |  | 25 |
| 2019 |  | 27 |
| 2020 |  | 16 |
Total minimum lease payments |  |  | 92 |
Less: amount representing interest |  |  | (9 | )
Present value of minimum payments |  |  | 83 |
Less: current portion |  |  | (24 | )
|  |  | $ | 59 |
Schedule of Earnings Per Share, Basic and Diluted |
| Year Ended April 30,
| 2016 |  | 2015
Basic loss per share computation |  |  |  |  |
Net loss attributable to common stockholders | $ | (10,445,537 | ) |  | $ | (13,139,820 | )
Weighted Average common shares - basic | 8,695,199 |  |  | 5,985,346 |
Basic net loss per share | $ | (1.20 | ) |  | $ | (2.20 | )
Diluted loss per share computation |  |  |  |  |
Net loss attributable to common stockholders | $ | (10,445,537 | ) |  | $ | (13,139,820 | )
Less: Gain on derivative warrant liability | — |  |  | 980,519 |
Loss available to common stockholders | $ | (10,445,537 | ) |  | $ | (14,120,339 | )
Weighted Average common shares | 8,695,199 |  |  | 5,985,346 |
Incremental shares from assumed exercise of warrants and stock options | — |  |  | 439,065 |
Adjusted weighted average share – diluted | 8,695,199 |  |  | 6,424,411 |
Diluted net loss per share | $ | (1.20 | ) |  | $ | (2.20 | )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table reflects the total potential stock-based instruments outstanding at April 30, 2016 and 2015 that could have an effect on the future computation of dilution per common share:
| Year Ended April 30
| 2016 |  | 2015
Stock options | 2,212,757 |  |  | 2,004,002 |
Warrants | 2,109,840 |  |  | 2,109,840 |
Total common stock equivalents | 4,322,597 |  |  | 4,113,842 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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