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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2015
Oct. 31, 2014
Revenues $ 494,412 $ 1,747,788 $ 600,078 $ 3,288,316
Cost of revenues $ 494,412 1,998,076 $ 600,078 3,965,240
Gross loss (250,288) (676,924)
Operating expenses:        
Product development costs $ 1,177,656 1,224,487 $ 3,660,444 1,144,432
Selling, general and administrative costs 1,821,993 2,708,878 3,728,938 5,831,850
Total operating expenses 2,999,649 3,933,365 7,389,382 6,976,282
Operating loss (2,999,649) (4,183,653) (7,389,382) (7,653,206)
Interest income (expense), net 3,712 $ 3,424 8,835 (55,196)
Other income (expense), net (8,080) 242,927 185,000
Foreign exchange loss (24,801) $ (216,249) (5,842) (221,907)
Net loss (3,028,818) (4,396,478) (7,143,462) (7,745,309)
Less: Net (profit) loss attributable to the noncontrolling interest in Ocean Power Technologies (Australasia) Pty Ltd. 2,057 26,784 (45,340) 92,863
Net loss attributable to Ocean Power Technologies, Inc. $ (3,026,761) $ (4,369,694) $ (7,188,802) $ (7,652,446)
Basic and diluted net loss per share (in dollars per share) $ (1.71) $ (2.50) $ (4.08) $ (4.38)
Weighted average shares used to compute basic and diluted net loss per share (in shares) 1,773,978 1,748,156 1,762,805 1,747,312