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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Apr. 30, 2013
Accounting Policies [Abstract]  
Accounts receivable
    April 30,
2013
    April 30,
2012
 
Trade receivables   $ 2,962,000     $ 2,621,000  
VAT receivable     123,000       184,000  
Allowance for doubtful accounts and sales returns     (200,000 )     (200,000 )
    $ 2,885,000     $ 2,605,000  
Changes in goodwill
   2013   2012 
Opening balance May 1  $1,453,000   $1,242,000 
Contingently purchase price   68,000    211,000 
Impairment charge   (438,000)    
Goodwill balance April 30  $1,083,000   $1,453,000 
The components of finite-lived intangible assets acquired

As of April 30, 2013, the components of finite-lived intangible assets acquired are as follows:

 

    Gross     Weighted           Net  
    Carrying     Average     Accumulated     Carrying  
    Amount     Life     Amortization     Amount  
Customer relationships   $ 758,000       2 Years     $ 758,000     $ 0  
Trade names     733,000       5 Years       600,000       133,000  
Non-compete agreement     68,000       4 Years       68,000       0  
    $ 1,559,000             $ 1,426,000     $ 133,000  

 

As of April 30, 2012, the components of finite-lived intangible assets acquired were as follows:

 

    Gross     Weighted           Net  
    Carrying     Average     Accumulated     Carrying  
    Amount     Life     Amortization     Amount  
Customer relationships   $ 758,000       2 Years     $ 758,000     $ 0  
Trade names     733,000       5 Years       451,000       282,000  
Non-compete agreement     68,000       4 Years       53,000       15,000  
                                 
    $ 1,559,000             $ 1,262,000     $ 297,000  

 

The estimated future amortization expense related to intangible assets
Year ending April 30:        
         
  2014     $ 133,000  
             
        $ 133,000  
The assets and liabilities measured at fair value on a nonrecurring basis, by input level, in the consolidated balance sheet
    Quoted Prices                  
    in Active   Significant           Total  
    Markets for   Other   Significant       Reduction  
    Identical Assets   Observable   Unobservable       in Fair value  
Balance Sheet   or Liabilities   Inputs   Inputs   April 30, 2013   Recorded at  
Location   (Level 1)   (Level 2)   (Level 3)   Total   April 30, 2013  
Assets:                      
Goodwill   $      -   $      -   $  1,083,000   $ 1,083,000   $ (438,000)  
Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share
   Year ended April 30, 2013 
   Loss   Shares   Per share 
   (numerator)   (denominator)   amount 
Basic net loss per share-net loss and weighted average common shares outstanding  $(4,625,000)   1,776,796   $(2.60)
Effect of dilutive securities-stock options            
                
Diluted net loss per share -net loss weighted average common shares outstanding and effect of stock options  $(4,625,000)   1,776,796   $(2.60)

 

      Year ended April 30, 2012    
      Loss       Shares       Per share  
      (numerator)       (denominator)       amount  
Basic net loss per share-net loss and weighted average common shares outstanding   $ (3,259,000 )     1,770,952     $ (1.84 )
Effect of dilutive securities-stock options     -       -       -  
Diluted net loss per share-net loss weighted average common shares outstanding and effect of stock options   $ (3,259,000 )     1,770,952     $ (1.84 )

 

      Year ended April 30, 2011    
      Loss       Shares       Per share  
      (numerator)       (denominator)       amount  
Basic net loss per share-net loss and weighted average common shares outstanding   $ (4,633,000 )     1,487,211     $ (3.11 )
Effect of dilutive securities-stock options     -       -       -  
Diluted net loss per share-net loss, weighted average common shares outstanding and effect of stock options   $ (4,633,000 )     1,487,211     $ (3.11 )
Product warranty accruals
    Balance     Charges to                 Balance  
    Beginning     Costs and                 End  
    of Year     Expenses     Other     Deductions     of Year  
                               
Year Ended                                        
April 30, 2013   $ 79,000       14,000       -       (24,000 )   $ 69,000  
                                         
Year Ended                                        
April 30, 2012   $ 79,000       6,000       -       (6,000 )   $ 79,000  
                                         
Year Ended                                        
April 30, 2011   $ 79,000       1,000       -       (1,000 )   $ 79,000  
Summary of option activity
                Weighted        
          Weighted     average     Aggregate  
          average     remaining     intrinsic  
    Shares     exercise price     contractual life     value(1)  
                         
Balance April 30, 2012     290,983     $ 14.04       5.29     $ -  
                                 
Granted     41,667     $ 3.12       -       -  
Exercised     -       -       -       -  
Expired     (21,075 )   $ 16.65       -       -  
                                 
Balance April 30, 2013     311,575     $ 12.40       5.02       -  
                                 
Exercisable April 30, 2013     257,325     $ 14.10       4.66       -  
                                 
Expected to vest April 30, 2013     272,000     $ 12.40       5.02       -  

The fair value of each stock option granted during the year
    2013     2012     2011  
Expected life (years)     3.0 to 5.75       3.0 to 3.3       3.0 to 6.0  
Expected volatility     77%       77%       56% to 79%  
Expected dividend yield     -       -       -  
Expected forfeiture rate     5.0%       5.0%       5.0%  
Risk-free interest rate     0.5% to 0.6%       0.5% to 0.6%       0.7% to 2.9%  
Weighted average fair value of options granted during the year     $ 0.90       $ 0.56       $ 1.07