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CONSOLIDATED BALANCE SHEETS (USD $)
Apr. 30, 2013
Apr. 30, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 1,410,223 $ 811,283
Restricted cash 1,869,178 0
Accounts receivable, net of allowance of $1,427,308 and $1,794,729 at April 30, 2013 and 2012, respectively 8,363,089 22,343,304
Costs and estimated earnings in excess of billings on uncompleted contracts 1,148,855 1,340,379
Deferred contract costs 1,597,894 1,816,116
Inventory 0 1,475,266
Prepaid expenses and other current assets 204,492 326,075
Prepaid income taxes 2,185 137,279
Deferred tax assets 0 307,550
Total current assets 14,595,916 28,557,252
PROPERTY AND EQUIPMENT, net 3,053,455 4,309,450
OTHER INTANGIBLE ASSETS, net 250,632 382,852
GOODWILL 0 1,930,826
DEFERRED TAX ASSETS 0 243,999
OTHER ASSETS 244,963 371,020
Total assets 18,144,966 35,795,399
CURRENT LIABILITIES:    
Current portion of loans payable 43,942 143,514
Borrowings under line of credit 0 4,964,140
Senior secured convertible notes, net of debt discount 1,111,111 0
Derivative liability - senior secured convertible notes 3,088,756 0
Current portion of capital lease obligations 0 15,465
Accounts payable and accrued expenses 4,764,487 16,669,621
Billings in excess of costs and estimated earnings on uncompleted contracts 1,642,501 3,594,193
Deferred revenue 113,503 790,270
Due joint venture partner 0 3,314,708
Other payable 1,743,986 0
Short-term bank loan 2,432,205 0
Income taxes payable 139,557 194,963
Total current liabilities 15,080,048 29,686,874
Loans payable, net of current portion 133,838 223,561
Derivative liability - warrants 3,858,508 0
Total liabilities 19,072,394 29,910,435
COMMITMENTS AND CONTINGENCIES      
WPCS EQUITY:    
Preferred stock - $0.0001 par value, 5,000,000 shares authorized, none issued 0 0
Common stock - $0.0001 par value, 14,285,715 shares authorized, 993,538 shares issued and outstanding at April 30, 2013 and 2012 99 99
Additional paid-in capital 50,844,183 50,478,139
Accumulated deficit (54,054,389) (47,143,662)
Accumulated other comprehensive income on foreign currency translation 1,433,541 1,433,066
Total WPCS equity (deficit) (1,776,566) 4,767,642
Noncontrolling interest 849,138 1,117,322
Total equity (deficit) (927,428) 5,884,964
Total liabilities and equity $ 18,144,966 $ 35,795,399