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Stock-based Payments (Tables)
12 Months Ended
Apr. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Stock-based Compensation, Allocation of Recognized Period Costs
Stock-based compensation costs were recorded as follows (in thousands):
 
Year Ended April 30,
 
2019
 
2018
General and administrative
$
458

 
$
689

Sales and marketing
91

 
112

Research and development
14

 
166

TOS cost of sales
86

 
65

POS cost of sales

 
2

 
 
 
 
Total stock-based compensation expense
$
649

 
$
1,034

Schedule of Stock-based Payment Award, Stock Options, Valuation Assumptions
Black-Scholes assumptions used to calculate the fair value of options granted during the years ended April 30, 2019 and 2018 were as follows:
 
Year Ended April 30,
 
2019
 
2018
Expected term in years
3 - 6
 
3 - 6
Risk-free interest rates
2.6% - 3.0%
 
1.8% - 2.6%
Volatility
65% - 85%
 
84% - 88%
Dividend yield
—%
 
—%
Schedule of Stock-based Compensation, Stock Options, Activity
The Company’s stock options activity and related information as of and for the years ended April 30, 2019 and 2018 is as follows:
 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2018
50,000

 
2,655,845

 
2,705,845

 
$
2.85

 
5.9
 
$
5,265,000

Granted

 
206,790

 
206,790

 
9.86

 
7.9
 
$
77,000

Exercised

 
(363,383
)
 
(363,383
)
 
2.22

 
 
 
 

Canceled

 
(49,766
)
 
(49,766
)
 
3.20

 
 
 
 

Forfeited

 
(9,750
)
 
(9,750
)
 
3.50

 
 
 
 

Expired

 
(66,110
)
 
(66,110
)
 
15.10

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2019
50,000

 
2,373,626

 
2,423,626

 
3.19

 
5.3
 
$
14,557,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2019
50,000

 
2,373,626

 
2,423,626

 
3.19

 
5.3
 
$
14,557,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2019
18,335

 
2,115,585

 
2,133,920

 
2.70

 
4.9
 
$
13,785,000

 
 
Non-
Employees
 
Directors
and
Employees
 
Total
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2017
50,000

 
2,258,704

 
2,308,704

 
$
2.86

 
6.1
 
$
1,282,000

Granted

 
455,310

 
455,310

 
3.01

 
9.6
 
603,000

Exercised

 
(12,500
)
 
(12,500
)
 
3.00

 
 
 
 

Canceled

 

 

 

 
 
 
 

Forfeited

 
(7,042
)
 
(7,042
)
 
6.86

 
 
 
 

Expired

 
(38,627
)
 
(38,627
)
 
5.21

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding, April 30, 2018
50,000

 
2,655,845

 
2,705,845

 
2.85

 
5.9
 
$
5,265,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested and expected to vest as of April 30, 2018
50,000

 
2,655,845

 
2,705,845

 
2.85

 
5.9
 
$
5,265,000

 
 
 
 
 
 
 
 
 
 
 
 
Vested as of April 30, 2018
25,836

 
2,436,263

 
2,462,099

 
2.79

 
5.6
 
$
5,036,000

Schedule Of Stock-based Compensation Warrants Activity
Activity related to these warrants, which expire in March 2020, is summarized as follows:
 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2018
2,004,284

 
$
5.57

 
1.8

 
$

Granted

 

 

 

Exercised
(247,468
)
 
5.28

 

 
905,000

Forfeited
(85,376
)
 
4.80

 

 
388,000

Expired

 

 

 

 
 
 
 
 
 
 
 
Outstanding, April 30, 2019
1,671,440

 
$
6.20

 
0.9

 
$
5,730,000


 
Number
of
Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, May 1, 2017
2,004,284

 
$
5.57

 
2.8

 
$

Granted

 

 

 

Exercised

 

 

 

Forfeited

 

 

 

Expired

 

 

 

 
 
 
 
 
 
 
 
Outstanding, April 30, 2018
2,004,284

 
$
5.57

 
1.8

 
$