10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K
(Amendment No. 1)

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended April 30, 2015.

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to _______________.

Commission file number: 1-8266

DATARAM CORPORATION

(Exact name of registrant as specified in its charter)

New Jersey	22-183140
(State of Incorporation)	(I.R.S. Employer Identification No.)

P.O. Box 7528, Princeton, New Jersey	08543-7528
Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (609) 799-0071

Securities registered pursuant to section 12(b) of the Act:

Title of each class	Name of exchange on which registered
Common Stock, $1.00 Par Value	NASDAQ Stock Market

Securities registered pursuant to section 12(g) of the Act: NONE

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes ☐   No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes ☐   No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes ☒   No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in the definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   Yes ☐   No ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.

See definition of “accelerated filer and large accelerated filer and smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☒

Indicate by check mark whether the registrant is a shell-company (as defined in Rule 12b-2 of the Act).   Yes ☐   No ☒

The aggregate market value of the Common Stock held by non-affiliates of the registrant calculated on the basis of the closing price as of the last business day of the registrant’s most recently completed second quarter, October 31, 2014, was $5,303,126.

The number of shares of Common Stock outstanding on July 29, 2015 was 2,801,012 shares.

DOCUMENTS INCORPORATED BY REFERENCE:

(1)  Portions of the Definitive Proxy Statement for the Annual Meeting of Shareholders to be filed within 120 days of the end of the fiscal year (Definitive Proxy Statement), are incorporated into Part III hereof.

EXPLANATORY NOTE

This Form 10-K/A amends the Annual Report on Form 10-K of Dataram Corporation for the twelve-month period ended April 30, 2015 (the “Form 10-K”), as filed with the Securities and Exchange Commission (the “SEC”) on August 7, 2015, for the sole purpose of furnishing the Interactive Data Files as Exhibit 101 in accordance with Rule 405 of Regulation S-T. Exhibit 101 provides the financial statements and related notes from the Form 10-K formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-K. This Form 10-K/A speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-K.

Item 6. Exhibits.

Exhibit No	Description
31(a)*	Rule 13a-14(a) Certification of David A. Moylan.
31(b)*	Rule 13a-14(a) Certification of  Anthony M. Lougee.
32(a)*	Section 1350 Certification of David A. Moylan (furnished not filed).
32(b)*	Section 1350 Certification of Anthony M. Lougee (furnished not filed).
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

* Previously filed

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		DATARAM CORPORATION
		(Registrant)
Date:	August 13, 2015	By: /s/ David A. Moylan
		David A. Moylan, Chairman and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Company and in the capacities and on the dates indicated.

Date:	August 13, 2015	By: /s/ Michael E. Markulec
		Michael E. Markulec, Director

Date:	August 13, 2015	By: /s/ Richard D. Butler, Jr.
		Richard D. Butler, Jr., Director

Date:	August 13, 2015	By: /s/ Trent D. Davis
		Trent D. Davis, Director

Date:	August 13, 2015	By: /s/ Edward M. Karr.
		Edward M. Karr, Director

Date:	August 13, 2015	By: /s/ Anthony M. Lougee
		Anthony M. Lougee
		Controller
		(Chief Accounting Officer)

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Summary of Significant Accounting Policies - Stock-Based Compensation (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Summary of Significant Accounting Policies (Textual) [Abstract]
Stock-based compensation expense	$ 14,000	$ 43,000
Options completing vesting	12,500
Total unrecognized compensation costs related to stock options	$ 0
Shares authorized for future grant under the Company's stock option plans	258,333

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Employee Benefit Plan (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Company contribution to plan	4.50%
Company matching contributions	$ 151,000	$ 180,000

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Stock Options - Stock options activity table - Key Employees (Details) - $ / shares	3 Months Ended	12 Months Ended
	Jul. 31, 2009	Apr. 30, 2015	Apr. 30, 2014
Shares
Beginning Balance (in shares)		264,244
Granted (in shares)	8,333
Exercised (in shares)
Expired (in shares)		(138,498)
Ending balance (in shares)		125,746	264,244
Weighted average exercise price per share
Beginning balance (in dollars per share)		$ 12.42
Granted (in dollars per share)
Exercised (in dollars per share)
Ending balance (in dollars per share)		$ 8.48	$ 12.42
Stock Options | Key Employees
Shares
Beginning Balance (in shares)		245,577	280,242
Granted (in shares)
Exercised (in shares)
Expired (in shares)		(119,831)	(34,665)
Ending balance (in shares)		125,746	245,577
Exercise price per share
Beginning balance (in dollars per share) lower range		$ 2.44	$ 2.44
Beginning balance (in dollars per share) upper range		$ 19.20	$ 24.54
Granted (in dollars per share) lower range
Granted (in dollars per share) upper range
Exercised (in dollars per share) lower range
Exercised (in dollars per share) upper range
Expired (in dollars per share) lower range		$ 6.72	$ 6.72
Expired (in dollars per share) upper range		19.20	24.54
Ending balance (in dollars per share) lower range		2.44	2.44
Ending balance (in dollars per share) upper range		15.42	19.20
Weighted average exercise price per share
Beginning balance (in dollars per share)		$ 12.27	$ 12.04
Granted (in dollars per share)
Exercised (in dollars per share)
Expired (in dollars per share)		$ 16.24	$ 10.41
Ending balance (in dollars per share)		$ 8.48	$ 12.27

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Revenue by geographic location (Details) - USD ($)		12 Months Ended
		Apr. 30, 2015		Apr. 30, 2014
Revenues		$ 28,258,000		$ 30,399,000
Total assets		6,275,000		7,572,000
Long lived assets		1,498,000		1,353,000
United States
Revenues		23,285,000		24,917,000
Total assets		6,269,000		7,556,000
Long lived assets		1,498,000		1,353,000
Europe
Revenues		3,785,000		3,431,000
Total assets		6,000		16,000
Long lived assets		0		0
Other
Revenues	[1]	1,188,000		2,051,000
Total assets	[1]	0		0
Long lived assets		$ 0	[1]	$ 0

[1] Principally Asia Pacific Region

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Income Taxes - The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Deferred tax assets:
Compensated absences and severance, principally due to accruals for financial reporting purposes	$ 3,000	$ 75,000
Stock-based compensation expense	1,151,000	1,275,000
Accounts receivable, principally due to allowance for doubtful accounts and sales returns	49,000	86,000
Property and equipment, principally due to differences in depreciation	216,000	240,000
Intangible assets	53,000	430,000
Inventories	54,000	68,000
Domestic net operating losses	10,609,000	10,134,000
Alternative minimum tax	438,000	438,000
Capitalized R & D cost	128,000	0
Other	23,000	153,000
Deferred tax assets	12,724,000	12,899,000
Valuation allowance	$ (12,724,000)	$ (12,899,000)
Net deferred tax assets

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Summary of Significant Accounting Policies - Advertising (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Summary Of Significant Accounting Policies - Advertising Details Narrative
Advertising expense	$ 89,000	$ 139,000

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Summary of Significant Accounting Policies - Liquidity and Basis of Presentation (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Summary Of Significant Accounting Policies - Liquidity And Basis Of Presentation Details Narrative
Net loss	$ (3,829,000)	$ (2,609,000)
Net cash used in operating activities	$ (2,581,000)	$ (1,554,000)

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Stock Options - Stock option expense (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Jul. 31, 2009	Apr. 30, 2015	Apr. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding		125,746	264,244
Number of shares granted	8,333
Options expiration period	TEN YEARS AFTER DATE OF GRANT
Fair value of options	$ 121,000
Stock Options | 2001 Incentive and Non-statutory Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares allowed for granting under the plan			300,000
Number of options outstanding		25,000	239,246
Number of shares granted			25,000
Stock Options | 2001 Incentive and Non-statutory Stock Option Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods for options			1 year
Stock Options | 2001 Incentive and Non-statutory Stock Option Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods for options			5 years
Stock Options | 2011 Incentive and Non-statutory Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares allowed for granting under the plan			33,333
Stock Options | 2014 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares allowed for granting under the plan		250,000
Nonqualified Stock Options | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options outstanding		125,746
Options expiration period		EXPIRE EITHER FIVE OR TEN YEARS AFTER DATE OF GRANT.
Nonqualified Stock Options | Minimum | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods for options		1 year
Nonqualified Stock Options | Maximum | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting periods for options		2 years

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Securities Purchase Agreement (Details Narrative)	1 Months Ended					3 Months Ended		12 Months Ended
	Feb. 28, 2015 USD ($) $ / shares $ / unit shares	Nov. 30, 2014 USD ($) $ / shares $ / unit shares	Jul. 31, 2014 USD ($)	Mar. 31, 2014 USD ($) $ / unit shares	Sep. 30, 2013 USD ($) $ / unit shares	Oct. 31, 2014 USD ($)	Jul. 31, 2014 USD ($)	Apr. 30, 2015 USD ($) $ / shares shares	Apr. 30, 2014 $ / shares shares	Mar. 20, 2014 USD ($) $ / shares	Sep. 23, 2013 shares	Sep. 18, 2013 USD ($)
Securities Purchase Agreement (Textual) [Abstract]
Stock warrants outstanding | shares									485,775
Price per share | $ / shares								$ 2.17	$ 2.69
Adjustments to additional paid in capital, beneficial conversion feature								$ 188,000
Restricted Stock | Chief Executive Officer
Securities Purchase Agreement (Textual) [Abstract]
Number of common stock called by warrants | shares	316,000
Net proceeds from sale of common stock and warrants	$ 365,000
Exercise price of warrants | $ / shares	$ 2.50
Risk-free interest rate	1.19%
Expected volatility	90.50%
Expected dividend rate	0.00%
Strike price | $ / unit	2.50
Expected term	5 years
Restricted shares, issued and sold | shares	183,000
Price per share | $ / shares	$ 2.00
Adjustments to additional paid in capital, beneficial conversion feature	$ 0
Private Placement
Securities Purchase Agreement (Textual) [Abstract]
Risk-free interest rate	1.19%
Expected volatility	90.50%
Expected dividend rate	0.00%
Strike price | $ / unit	2.50
Expected term	5 years
Private placement, description	On February 2, 2015, the Company completed a private placement of 26,600 shares of its Series A Stock together with Preferred Warrants to purchase shares of its common stock at a price of $5.00 per share, in accordance with the Purchase Agreement.	On November 12, 2014, the Company completed a private placement of 600,000 shares of its Series A Preferred Stock (“Series A Stock”) together with Warrants to purchase shares of its common stock (“Preferred Warrant”) at a price of $5.00 per share, in accordance with the Series A Preferred Stock Purchase Agreement dated October 20, 2014 (the “Purchase Agreement”). At any time from November 17, 2014, the date of Closing, and prior to October 20, 2019 (the “Put/Call Exercise Period”), the investors may exercise a right to purchase and require the Company to sell up to an additional 700,000 shares of Series A Stock. If the investors have not exercised this right during the Put/Call Exercise Period, the Company may exercise a right to cause and require the investors to purchase up to an additional 700,000 shares of Series A Stock, for an aggregate purchase price of $3,500,000. Holders of the Series A Stock shall initially have the right to convert such shares of Series A Stock into the number of authorized but previously unissued shares of the Company’s common stock obtained by dividing the stated value of each share of Series A ($5.00) by $2.00. For each share of Series A Stock, the investors will receive 2.5 Preferred Warrants to purchase the Company’s common stock at an exercise price of $2.50 per share. The Preferred Warrants are exercisable immediately for a period of five years from the date of closing. The exercise price of the Preferred Warrants is subject to adjustments in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The exercisability of the Preferred Warrants may be limited if upon exercise, the warrant holder or any of its affiliates would beneficially own more than 4.99% of the Company’s Common Stock.
Private placement, conversion terms		Holders of the Series A Stock shall initially have the right to convert such shares of Series A Stock into the number of authorized but previously unissued shares of the Company's common stock obtained by dividing the stated value of each share of Series A ($5.00) by $2.00. For each share of Series A Stock, the investors will receive 2.5 Preferred Warrants to purchase the Company's common stock at an exercise price of $2.50 per share. The Preferred Warrants are exercisable immediately for a period of five years from the date of closing. The exercise price of the Preferred Warrants is subject to adjustments in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The exercisability of the Preferred Warrants may be limited if upon exercise, the warrant holder or any of its affiliates would beneficially own more than 4.99% of the Company's Common Stock.
Private placement preferred shares issued | shares	26,600	600,000
Proceeds from issuance of private placement	$ 133,000	$ 2,700,000
Preferred stock, dividend rate, percentage		8.00%
Preferred stock, dividend rate, per share dollar amount | $ / shares		$ 0.40
Price per share | $ / shares	$ 5.00	$ 5.00
Common stock issued for services | shares		182,500
Warrants issued for services | shares		90,000
Adjustments to additional paid in capital, beneficial conversion feature	$ 0	$ 0
Securities Purchase Agreement
Securities Purchase Agreement (Textual) [Abstract]
Shares of stock sold | shares				219,754	350,000
Number of common stock called by warrants | shares											350,000
Net proceeds from sale of common stock and warrants					$ 695,491
Combination of securities offered in Securities Purchase Agreement, description					The Company offered 350,931 shares of common stock and 350,931 common stock warrants to certain investors.
Purchase price per fixed combination | $ / unit				3.00	2.30
Description of period for exercisability of warrants					The exercisability of the warrants may be limited if, upon exercise, the holder or any of its affiliates would beneficially own more than 4.99% of the Common Stock. After the one year anniversary of the initial exercise date of the warrants, the Company had the right to call the warrants for cancellation for $.001 per share in the event that the volume weighted average price of the Common Stock for 20 consecutive trading days exceeds $10.00.
Warrants exercised | shares				86,100
Exercise price of warrants | $ / shares										$ 3.50
Proceeds from exercise of warrants				$ 306,350
Common stock issued upon exercise of warrants | shares				86,100
Estimated offering expenses										$ 559,000		$ 807,000
Securities Purchase Agreement | Bridge Notes and Warrants
Securities Purchase Agreement (Textual) [Abstract]
Description of period for exercisability of warrants			The Bridge Warrants are exercisable for five years after the closing date of the Purchase Agreement, or July 15, 2019. For each $1,000 of principal amount of Bridge Notes, the holder received 1,200 Bridge Warrants, each exercisable for the purchase of one share of the Company’s common stock. Each holder is entitled to exercise one-third of all Bridge Warrants received at an exercise price of $3.00, one-third of all Bridge Warrants received at an exercise price of $3.50, and one-third of all Bridge Warrants received at an exercise price that is equal to the closing price on the closing date of the Purchase Agreement, $2.94.
Exercise price of warrants | $ / shares		$ 2.00
Bridge loan			$ 750,000				$ 750,000
Bridge loan, issuance date			Jul. 15, 2014
Bridge loan, description			The Company issued $600,000 aggregate principal amount of the Bridge Notes to certain Institutional investors and $150,000 aggregate principal amount of the Bridge Notes to certain members of Management.
Bridge loan, maturity date		Jan. 15, 2016	Oct. 15, 2014
Bridge loan, conversion description		The sale of shares of its Series A Stock resulted in the reduction of the conversion price of the Bridge Notes held by the institutional investors to $2.00 from $2.50 to equal the conversion price of the Series A Preferred Stock.	The initial conversion price for Institutional Investors is $2.50 per share (which was subsequently reduced), and the initial conversion price for Management is equal to the closing price of the Company’s common stock on the closing date of the Purchase Agreement, $2.94.
Bridge loan, interest rate			8.00%				8.00%
Sale of Series A preferred stock | shares		600,000
Bridge loan, repayment of debt								42,500
Bridge loan, amount of default								$ 80,000
Risk-free interest rate								1.26%
Expected volatility								100.00%
Expected dividend rate								0.00%
Discount on notes payable, warrants								$ 562,000
Beneficial conversion feature								$ 188,000
Non-cash interest charge						$ 617,000	$ 133,000
Warrants
Securities Purchase Agreement (Textual) [Abstract]
Stock warrants outstanding | shares								3,358,275
Warrants | Minimum
Securities Purchase Agreement (Textual) [Abstract]
Exercise price of warrants | $ / shares								$ 2.00
Warrants | Maximum
Securities Purchase Agreement (Textual) [Abstract]
Exercise price of warrants | $ / shares								$ 13.56
Private Placement | Put/Call Option
Securities Purchase Agreement (Textual) [Abstract]
Risk-free interest rate		1.64%
Expected volatility		93.00%
Expected dividend rate		8.00%
Strike price | $ / unit		5.00
Expected term		5 years
Fair value assumptions, exercise price | $ / shares		$ 5.58
Private Placement | Warrant
Securities Purchase Agreement (Textual) [Abstract]
Risk-free interest rate		1.64%
Expected volatility		93.00%
Expected dividend rate		0.00%
Strike price | $ / unit		2.50
Expected term		5 years

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Summary of Significant Accounting Policies - Product Warranty (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2013
Summary Of Significant Accounting Policies - Product Warranty Details
Balance beginning of year	$ 69,000	$ 69,000	$ 79,000
Charges to costs and expenses	11,000	9,000	14,000
Deductions	(70,000)	(9,000)	(24,000)
Balance end of year	$ 10,000	$ 69,000	$ 69,000

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Commitments and Contingencies - Future minimum lease payments (Details)	Apr. 30, 2015 USD ($)
Year ending April 30:
2016	$ 259,000
2017	172,000
2018	174,000
2019	130,000
2020	86,000
Total	821,000
Commitments | Non-Related Party
Year ending April 30:
2016	169,000
2017	82,000
2018	84,000
2019	85,000
2020	86,000
Total	506,000
Commitments | Related Party
Year ending April 30:
2016	90,000
2017	90,000
2018	90,000
2019	$ 45,000
2020
Total	$ 315,000

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Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Valuation allowance	$ (176,000)	$ 1,163,000
Net operating loss carry-forwards	$ 29,900,000	$ 29,400,000
Expiration of net operating loss carry-forwards for Federal tax purposes		between 2023 and 2035
Expiration of net operating loss carry-forwards for State tax purposes		between 2016 and 2035

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Securities Purchase Agreement

12 Months Ended

Apr. 30, 2015

Notes to Financial Statements

Securities Purchase Agreement

(3) Securities Purchase Agreement

On September 18, 2013, the Company and certain investors entered into a securities purchase agreement (the “Purchase Agreement”) in connection with the offering, pursuant to which the Company agreed to sell an aggregate of 350,931 shares of its common stock and warrants to purchase a total of 350,931 shares of its common stock to such investors for aggregate net proceeds, after deducting fees to the Placement Agent and other estimated offering expenses payable by the Company, of approximately $807,000. The common stock and warrants were sold in fixed combinations, with each combination consisting of one share of common stock and one warrant, with each warrant exercisable for one share of common stock. The purchase price was $2.30 per fixed combination. On September 23, 2013 the offering of 350,000 shares and warrants was closed with net proceeds to the Company of approximately $695,491 after accounting for all expenses of the offering. The exercise price of the warrants is subject to adjustment in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The exercisability of the warrants may be limited if, upon exercise, the holder or any of its affiliates would beneficially own more than 4.99% of the Common Stock. After the one year anniversary of the initial exercise date of the warrants, the Company had the right to call the warrants for cancellation for $.001 per share in the event that the volume weighted average price of the Common Stock for 20 consecutive trading days exceeds $10.00.

On March 20, 2014, the Company and certain investors entered into a common stock purchase agreement (the “Purchase Agreement”) in connection with the offering, pursuant to which the Company agreed to sell an aggregate of 219,754 shares of its common stock to such investors for aggregate proceeds, after deducting fees to the Placement Agent and other estimated offering expenses payable by the Company, of approximately $559,000. The purchase price was $3.00 per share.

On March 20, 2014, holders of warrants issued in connection with the sale of common stock on September 18, 2013, exercised 86,100 of those warrants at the exercise price of $3.50 per share resulting in net proceeds of approximately $306,350. The exercise of these warrants resulted in the issuance of 86,100 shares of the Company’s common stock.

On July 15, 2014, the Company entered into the Purchase Agreement governing the issuance of $750,000 aggregate principal amount of Bridge Notes and Bridge Warrants. The Bridge Notes and Bridge Warrants were issued on July 15, 2014.  The Company issued $600,000 aggregate principal amount of the Bridge Notes to certain Institutional investors and $150,000 aggregate principal amount of the Bridge Notes to certain members of Management. The Bridge Notes, the initial maturity date of which was October 15, 2014 (which was subject to a three-month extension at the option of the holders that occurred; see below), are convertible into shares of the Company’s common stock. The initial conversion price for Institutional Investors is $2.50 per share (which was subsequently reduced; see below), and the initial conversion price for Management is equal to the closing price of the Company’s common stock on the closing date of the Purchase Agreement, $2.94. The Bridge Notes are secured obligations of the Company and bear interest at a rate of 8% per year. The Bridge Warrants are exercisable for five years after the closing date of the Purchase Agreement, or July 15, 2019. For each $1,000 of principal amount of Bridge Notes, the holder received 1,200 Bridge Warrants, each exercisable for the purchase of one share of the Company’s common stock. Each holder is entitled to exercise one-third of all Bridge Warrants received at an exercise price of $3.00, one-third of all Bridge Warrants received at an exercise price of $3.50, and one-third of all Bridge Warrants received at an exercise price that is equal to the closing price on the closing date of the Purchase Agreement, $2.94. Pursuant to the terms of the Purchase Agreement, the Company has agreed to register for re-sale the shares underlying the Bridge Notes and the Bridge Warrants.

On October 15, 2014, the original maturity date of the Bridge Notes, the maturity date of the Bridge Notes was extended to January 15, 2015 for all holders of the Bridge Notes. On November 17, 2014 the Company closed the sale of 600,000 shares of its Series A Stock, which resulted in the reduction of the conversion price of the Bridge Notes held by the institutional investors to $2.00 from $2.50 to equal the conversion price of the Series A Preferred Stock (see below). In addition, two additional 90-day extensions were provided to the institutional investors, which could extend the final maturity date to July 15, 2015. The extensions expired on January 15, 2015 and at the quarter ended January 31, 2015 the Bridge Notes were in default. The Company paid off approximately $42,500 of the notes and received extensions from all Bridge note holders except for one holder of an $80,000 Bridge Note, which extend the maturity date to January 15, 2016 from the Bridge Note holders prior to this filing. The Company continues to accrue interest on the Bridges Notes. In the event the Bridge Notes are converted to equity, their incremental fair value will be recognized in the consolidated statement of operations. The Company has also advised Rosenthal and Rosenthal, Inc. of the default on the Bridge Notes which is a default under our finance agreement.

The pricing model the Company used for determining fair values of the Bridge Warrants is the Black-Scholes Pricing Model. The model uses market-sourced inputs such as interest rates, dividend yields, market prices and volatilities. The risk-free interest rate used of 1.26% is based on the rate of U.S Treasury zero-coupon issues with a remaining term equal to the expected life of the Bridge Warrants. Expected dividend yield assumes the current dividend rate of zero. Expected volatility of approximately 100% was calculated using the daily closing price over a five-year period of the Company’s Common Stock.

The value of the Bridge Warrants was derived and used as a basis to allocate the proceeds received between the Bridge Warrants and Bridge Notes. The proportionate value ascribed to the Bridge Warrants amounted to approximately $562,000 and was reflected as a discount on notes payable. Further the Company estimated a value of beneficial conversion feature of approximately $188,000 (limited to the amount of proceeds allocated to the notes payable) and reflected such as an additional discount on the bridge notes. The discount on notes payable is being amortized using the straight line amortization over ninety days. This resulted in a non-cash interest charge of approximately $617,000 in the quarter ended October 31, 2014 and approximately $133,000 in this year’s fiscal first quarter ended July 31, 2014.

On October 15, 2014, the original maturity date of the Bridge Notes, the maturity date of the Bridge Notes was extended to January 15, 2015 for all holders of the Bridge Notes. On November 12, 2014 the Company closed the sale of 600,000 shares of its Series A Preferred Stock, which resulted in the reduction of the conversion price of the Bridge Notes held by the institutional investors to $2.00 from $2.50 to equal the conversion price of the Series A Preferred Stock (see below). In addition, two additional 90 extensions were provided to the institutional investors, which could extend the final maturity date to July 15, 2015.

On November 12, 2014, the Company completed a private placement of 600,000 shares of its Series A Preferred Stock (“Series A Stock”) together with Warrants to purchase shares of its common stock (“Preferred Warrant”) at a price of $5.00 per share, in accordance with the Series A Preferred Stock Purchase Agreement dated October 20, 2014 (the “Purchase Agreement”). The net proceeds to the Company from the sale of the Series A Stock and Preferred Warrant, after deducting the estimated offering expenses incurred by the Company were approximately $2,700,000. At any time from November 17, 2014, the date of Closing, and prior to October 20, 2019 (the “Put/Call Exercise Period”), and the investors may exercise a right to purchase and require the Company to sell up to an additional 700,000 shares of Series A Stock. If the investors have not exercised this right during the Put/Call Exercise Period, the Company may exercise a right to cause and require the investors to purchase up to an additional 700,000 shares of Series A Stock, for an aggregate purchase price of $3,500,000. Holders of the Series A Stock shall initially have the right to convert such shares of Series A Stock into the number of authorized but previously unissued shares of the Company’s common stock obtained by dividing the stated value of each share of Series A ($5.00) by $2.00. For each share of Series A Stock, the investors will receive 2.5 Preferred Warrants to purchase the Company’s common stock at an exercise price of $2.50 per share. The Preferred Warrants are exercisable immediately for a period of five years from the date of closing. The exercise price of the Preferred Warrants is subject to adjustments in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The exercisability of the Preferred Warrants may be limited if upon exercise, the warrant holder or any of its affiliates would beneficially own more than 4.99% of the Company’s Common Stock. The Holders of the Series A Stock will receive preferential cumulative dividends at the rate of 8% per annum (equivalent to a fixed annual payment of $0.40 per share). The dividends are payable in shares of common stock and shall be valued at the weighted average price of the Company’s common stock over the ten (10) consecutive trading days ended on the second trading day immediately before the payment date.

The company also issued 182,500 common shares and 90,000 warrants for common shares in exchange for professional services and fees related to the sale of the Series A Stock. The fair value of the warrants is recorded as a simultaneous increase and decrease to additional paid in capital and is therefore not presented on the consolidated statement of stockholders’ equity. The fair value of the common shares is presented as a charge to APIC, with a corresponding increase to common stock related to the par value of the shares issued. The proceeds from the private placement were allocated between the Series A Stock, warrants and the put/call feature based upon their relative fair values. The fair value of the preferred stock was determined utilizing the ‘as converted’ method as the prominent feature driving the value of the instrument was deemed to be underlying value of the common stock to which the instrument was convertible into.

Fair value of the warrants was determined using the Black-Scholes Pricing Model. The model uses market-sourced inputs such as interest rates, dividend yields, market prices and volatilities. The risk-free interest rate used of 1.64% is based on the rate of U.S Treasury zero-coupon issues with a remaining term equal to the expected life of the Warrants. Expected dividend yield assumes the current dividend rate of zero. Expected volatility of approximately 93% was calculated using the daily closing price over a five year period of the Company’s Common Stock. The warrants have a strike price of $2.50 and are exercisable for a period of 5 years.

Fair value of the put and call was determined using the Black-Scholes Pricing Model. The model uses market-sourced inputs such as interest rates, dividend yields, market prices and volatilities. The risk-free interest rate used of 1.64% is based on the rate of U.S Treasury zero-coupon issues with a remaining term equal to the expected life of the Put/Call. Expected dividend yield assumes the contracted rate of 8%. Expected volatility of approximately 93% was calculated using the daily closing price over a five year period of the Company’s Common Stock. The Put/Call has a strike price of $5.00 and is exercisable for a period of approximately 5 years. The fair value of the underlying preferred shares was based on the as converted value of the underlying common shares which was approximately $5.58 as of the issuance date.

Post allocation of proceeds, the Company evaluated the embedded conversion feature within the Series A stock and determined that based upon its effective conversion rate that a beneficial conversion feature existed and required recognition. Such beneficial conversion feature was measured as the intrinsic value between the market price of the common stock on the commitment date and the effective conversion rate of the instrument and amounted to $1,568,000. Given the Preferred A Stock does not have a stated redemption date, this entire discount was immediately recognized as a non-cash dividend. Such dividend was recognized as a reduction to additional paid in capital due to the retained deficit position of the company. Accordingly, the recognition of the beneficial conversion feature resulted in a simultaneous increase and decrease to APIC for $1,568,000 and is therefore not presented on the consolidated statement of stockholders’ equity.

On February 2, 2015, the Company completed a private placement of 26,600 shares of its Series A Stock together with Preferred Warrants to purchase shares of its common stock at a price of $5.00 per share, in accordance with the Purchase Agreement. The net proceeds to the Company from the sale of the Series A Stock and Preferred Warrant were approximately $133,000. The proceeds from the private placement were allocated between the Series A Stock and the warrants based upon their relative fair values. The fair value of the preferred stock was determined utilizing the ‘as converted’ method as the prominent feature driving the value of the instrument was deemed to be underlying value of the common stock to which the instrument was convertible into.

Fair value of the warrants was determined using the Black-Scholes Pricing Model. The model uses market-sourced inputs such as interest rates, dividend yields, market prices and volatilities. The risk-free interest rate used of 1.19% is based on the rate of U.S Treasury zero-coupon issues with a remaining term equal to the expected life of the Warrants. Expected dividend yield assumes the current dividend rate of zero. Expected volatility of approximately 90.5% was calculated using the daily closing price over a five year period of the Company’s Common Stock. The warrants have a strike price of $2.50 and are exercisable for a period of 5 years.

Post allocation of proceeds, the Company evaluated the embedded conversion feature within the Series A stock and determined that based upon its effective conversion rate that a beneficial conversion feature existed and required recognition. Such beneficial conversion feature was measured as the intrinsic value between the market price of the common stock on the commitment date and the effective conversion rate of the instrument and amounted to $78,700. Given the Preferred A Stock does not have a stated redemption date, this entire discount was immediately recognized as a non-cash dividend. Such dividend was recognized as a reduction to additional paid in capital due to the retained deficit position of the company. Accordingly, the recognition of the beneficial conversion feature resulted in a simultaneous increase and decrease to APIC for $78,700 and is therefore not presented on the consolidated statement of stockholders’ equity.

On February 2, 2015, the Company issued and sold an aggregate of 183,000 restricted shares of its common stock at a price of $2.00 per share and five-year warrants to purchase an additional 316,000 shares with an exercise price of $2.50 per share, of which 50,000 shares were purchased by David A Moylan the Company’s CEO. The net proceeds to the Company from the sale of the restricted common stock and warrants (exclusive of any exercise thereof) were approximately $365,000.

Fair value of the warrants was determined using the Black-Scholes Pricing Model. The model uses market-sourced inputs such as interest rates, dividend yields, market prices and volatilities. The risk-free interest rate used of 1.19% is based on the rate of U.S Treasury zero-coupon issues with a remaining term equal to the expected life of the Warrants. Expected dividend yield assumes the current dividend rate of zero. Expected volatility of approximately 90.5% was calculated using the daily closing price over a five year period of the Company’s Common Stock. The warrants have a strike price of $2.50 and are exercisable for a period of 5 years. The warrants have been recognized through a simultaneous increase and decrease to APIC for approximately $215,000 and is therefore not presented on the consolidated statement of stockholders’ equity.

At April 30, 2015 the Company had 3,358,275 warrants outstanding with exercise prices between $13.56 and $2.00.

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Related Party Transactions (Details Narrative)	1 Months Ended		12 Months Ended
	Oct. 31, 2013 USD ($) integer	Dec. 31, 2011 USD ($)	Apr. 30, 2015 USD ($)	Apr. 30, 2014 USD ($)	Apr. 30, 2013 USD ($)
Related Party Transactions (Textual) [Abstract]
Sale leaseback, gain on sale of assets			$ (71,000)
Sale leaseback, portion of deferred gain in accrued liabilities			282,000	$ 929,000
Sale leaseback, portion of deferred gain in other long term liabilities			179,000	250,000
Sheerr Memory
Related Party Transactions (Textual) [Abstract]
Purchase of inventories for resale			1,348,000	3,144,000
Accounts payable			$ 15,000	271,000
Trade terms with related party			Sheerr Memory offers the Company trade terms of net 30 days and all invoices are settled in the normal course of business. No interest is paid.
Mr. Sheerr | Note and Security Agreement
Related Party Transactions (Textual) [Abstract]
Formula-based secured debt financing capacity		$ 2,000,000
Interest rate, description	The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance.	The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance.
Financing agreement, borrowed amounts under line of credit		$ 2,000,000
Principal amount due per month	$ 33,333	$ 33,333
Proceeds from sale of equipment and furniture	500,000
Repayment of Note	500,000
Amount borrowed under agreement	$ 966,667
Frequency of periodic payment	Monthly
Number of installments | integer	29
Date of first required payment, principal amount	Nov. 15, 2013
Interest expense				122,000
Sale leaseback transaction, lease terms	The Company entered into an agreement with Mr. Sheerr to leaseback the equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional 2 year period.
Sale leaseback, monthly rental payments	$ 7,500
Sale leaseback, gain on sale of assets	139,000
Sale leaseback, deferred gain	$ 322,000
Sale leaseback, portion of deferred gain in accrued liabilities			$ 72,000	72,000
Sale leaseback, portion of deferred gain in other long term liabilities			179,000	250,000
Keystone Memory Group
Related Party Transactions (Textual) [Abstract]
Purchase of inventories for resale			1,150,000	$ 1,058,000
Accounts payable			$ 32,000		$ 27,000
Trade terms with related party			Keystone Memory offers the Company trade terms of net due and all invoices are settled in the normal course of business. No interest is paid.

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Summary of Significant Accounting Policies - Intangible Assets - Components of finite-lived intangible assets acquired (Details) - Apr. 30, 2015 - USD ($)	Total
Components of finite-lived intangible assets acquired
Total gross carrying amount	$ 1,559,000
Accumulated amortization	1,559,000
Net carrying amount	0
Customer Relationships
Components of finite-lived intangible assets acquired
Total gross carrying amount	758,000
Accumulated amortization	758,000
Net carrying amount	$ 0
Weighted Average Life	2 years
Trade Names
Components of finite-lived intangible assets acquired
Total gross carrying amount	$ 733,000
Accumulated amortization	733,000
Net carrying amount	$ 0
Weighted Average Life	5 years
Noncompete Agreement
Components of finite-lived intangible assets acquired
Total gross carrying amount	$ 68,000
Accumulated amortization	68,000
Net carrying amount	$ 0
Weighted Average Life	4 years

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Summary of Significant Accounting Policies - Goodwill (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Summary Of Significant Accounting Policies - Liquidity And Basis Of Presentation Details Narrative
Opening balance May 1	$ 1,083,000	$ 1,083,000
Contingently purchase price
Impairment charge
Goodwill balance April 30	$ 1,083,000	$ 1,083,000

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Subsequent Events (Details Narrative)	1 Months Ended	12 Months Ended
	Jul. 29, 2015 USD ($) integer shares	Apr. 30, 2015 USD ($)	Apr. 30, 2014 USD ($)
Subsequent Event [Line Items]
Proceeds from issuance of common stock		$ 365,000	$ 1,561,000
Subsequent Event | Common Stock Purchase Agreement | Investors
Subsequent Event [Line Items]
Common stock issued, shares | shares	500,000
Proceeds from issuance of common stock	$ 500,000
Accredited investors | integer	5

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Income Taxes - Income tax expense (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Current:
Federal
State	$ 3,000	$ 5,000
Total Current	$ 3,000	$ 5,000
Deferred:
Federal
State
Total Deferred
Total income tax expense	$ 3,000

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Summary of Significant Accounting Policies - Intangible Assets (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Intangible Assets and Goodwill (Textual) [Abstract]
Intangible assets amortization expense	$ 0	$ 133,000
Residual value of intangible assets	$ 0
Maximum
Intangible Assets and Goodwill (Textual) [Abstract]
Intangible Asset, Estimated period of benefit	5 years
Minimum
Intangible Assets and Goodwill (Textual) [Abstract]
Intangible Asset, Estimated period of benefit	4 years
Finite-Lived Intangible Assets
Intangible Assets and Goodwill (Textual) [Abstract]
Intangible assets, Amortization method	Straight-line basis
Customer Relationships
Intangible Assets and Goodwill (Textual) [Abstract]
Intangible assets, Amortization method	Amortized over a two-year period at a rate of 65% of the gross value acquired in the first year subsequent to their acquisition and 35% of the gross value acquired in the second year.

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Summary of Significant Accounting Policies - Fair Value of Financial Instruments (Details) - Apr. 30, 2015 - USD ($)	Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	$ 1,083,000
Convertible notes payable, net of discount	708,000
Preferred stock	$ 1,857,000
Total Increase (Reduction) in Fair Value
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 1 | Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 1 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes payable, net of discount
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 1 | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred stock
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 2 | Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 2 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes payable, net of discount	$ 708,000
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 2 | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred stock	1,857,000
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3 | Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	$ 1,083,000
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3 | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes payable, net of discount
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3 | Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred stock

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Financing Agreements

12 Months Ended

Apr. 30, 2015

Notes to Financial Statements

Financing Agreements

(2) Financing Agreements

The Company amended and restated its Note and Security Agreement with Mr. Sheerr as of October 31, 2013; the Company sold certain equipment and furniture for a purchase price of $500,000 under a sale leaseback transaction to Mr. Sheerr. The Company used the proceeds of the purchase price received from Mr. Sheerr to reduce the remaining principal amount of the original loan by an amount equal to $500,000. The principal amount was reduced to approximately $966,667 at October 31, 2013. The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. Principal was payable in 29 equal monthly installments of $33,333, beginning on November 15, 2013 and subsequently on the 15th day of each month thereafter, until paid in full. On April 30, 2014 the note was paid in full. Interest expense recorded for the Note in the fiscal year ended April 30, 2014 was approximately $122,000.

As of October 31, 2013, the Company also entered into an agreement with Mr. Sheerr to leaseback the aforementioned equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional two year period. The transactions described have been accounted for as a sale-leaseback transaction. Accordingly, the Company recognized a gain on the sale of assets of approximately $139,000, which is the amount of the gain on sale in excess of present value of the future lease payments and will recognize the remaining approximately $322,000 in proportion to the related gross rental charged to expense over the term of the lease, 60 months. The current portion of $72,000 deferred gain is reflected in accrued liabilities and the long term portion of $250,000 is reflected in other liabilities long term in the consolidated balance sheet as of April 30, 2014. The current portion of $72,000 deferred gain is reflected in accrued liabilities and the long term portion of $179,000 is reflected in other liabilities long term in the consolidated balance sheet as of April 30, 2015.

On July 30, 2012, a Convertible Senior Promissory Note was executed by and between Shoreline Memory, Inc. (“Shoreline”) and the Company whereby the Company could lend up to $1,500,000 to Shoreline in exchange for interest payments at prime plus 3.0% and the right to convert the amount outstanding into Common Stock of Shoreline on or before its maturity date. Each time the Company advanced money under the note, the Company was granted 1% of the outstanding Common Stock of Shoreline for every $100,000 advanced up to a maximum of 15%. This was in addition to the 15% allowable under the conversion of the note and the warrant to acquire 30% of Shoreline Common Stock. The conversion is at the rate of 1% of the outstanding Common Stock for each $100,000 converted up to a maximum of 15%. This note had a maturity date of three years and at such time Shoreline would have had to repay the note or the Company would have had to convert the note into Common Stock. The note was secured by all the assets of Shoreline and Shoreline Capital Management Ltd. (“Shoreline Capital”) as guarantor. Also executed with the note was a warrant to purchase 30% of the outstanding Common Stock of Shoreline at the time of exercise and the warrant expires sixty days after the third anniversary of the closing of the transaction. The warrant prescribed a formula to determine the price per share at the time of exercise. If all the amounts under the note were advanced and converted and the full warrant was exercised, the Company would have owned 60% of the outstanding Common Stock of Shoreline. The note was executed simultaneously with a Master Services Agreement which details the parameters under which the Company and Shoreline would have fulfilled orders from Shoreline’s primary customer. On July 31, 2012, the Company advanced $375,000 under the note and an additional $375,000 on August 1, 2012. The purpose of the loan was to fund startup expenses and to prepay initial orders. On February 19, 2013, the Company received $50,000 from Shoreline and, on February 22, 2013, the Company received an additional $200,000 from Shoreline as a partial repayment of their loan. On March 27, 2013, the Company reached an agreement to terminate its relationship with Shoreline. At closing, the Company received an additional $225,000 as a partial repayment of the loan in connection with the termination of all agreements with Shoreline. The promissory note bears interest at the rate of 6% and is guaranteed by Shoreline Memory, Inc., Shoreline Capital Management Ltd and Trevor Folk. All agreements with Shoreline have been terminated with the exception of the amended and restated promissory note. The remaining $275,000 was scheduled to be repaid in accordance with the amended and restated promissory note on July 31, 2013. Shoreline Memory defaulted on the note. The Company fully reserved the $275,000 balance on the amended and restated promissory note at July 31, 2013. During fiscal 2014’s second quarter the Company agreed to settle the amount due on the defaulted note for approximately $162,000. The funds were received in escrow on October 31, 2013 and forwarded to the Company on November 1, 2013.

On November 6, 2013, the Company entered into a new financing agreement (the “Financing Agreement”) with Rosenthal & Rosenthal, Inc. to replace the existing loan agreement. The Financing Agreement provides for a revolving loan with a maximum borrowing capacity of $3,500,000. The loans under the Financing Agreement mature on November 30, 2016 unless such Financing Agreement is either earlier terminated or renewed. Loans outstanding under the Financing Agreement bear interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the “Effective Rate”) or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting our ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. On April 29, 2014, the Company entered into an amendment (the "Amendment") to the Financing Agreement. The Amendment provides for advances against inventory balances based on prescribed formulas of raw materials and finished goods. The maximum borrowing capacity remains at $3,500,000. Borrowings at April 30, 2015 totaled approximately $2,109,000 and there was no additional availability on that date.

The weighted average interest rate on amounts borrowed under these agreements at April 30, 2015 and 2014 was 8.5% and 9.4%, respectively. The average dollar amounts borrowed under these agreements for the fiscal years ended April 30, 2015and 2014 were $3,091,000 and $3,327,000, respectively.

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Summary of Significant Accounting Policies - Engineering and Research and Development (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Software development costs	$ (365,000)
XcelaSAN
Software development costs	$ 365,000

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Financing Agreements - Payables (Details Narrative)	1 Months Ended			12 Months Ended
	Nov. 30, 2013	Oct. 31, 2013 USD ($) integer	Dec. 31, 2011 USD ($)	Apr. 30, 2015 USD ($)	Apr. 30, 2014 USD ($)	Nov. 06, 2013 USD ($)
Financing Agreements (Textual) [Abstract]
Net proceeds from sale of common stock and warrants				$ 365,000	$ 1,561,000
Sale leaseback, gain on sale of assets				(71,000)
Sale leaseback, portion of deferred gain in accrued liabilities				282,000	929,000
Sale leaseback, portion of deferred gain in other long term liabilities				179,000	250,000
Rosenthal and Rosenthal Financing Agreement
Financing Agreements (Textual) [Abstract]
Formula-based secured debt financing capacity					3,500,000	$ 3,500,000
Financing agreement, maturity date	Nov. 30, 2016
Financing agreement, amount outstanding				3,091,000	$ 3,327,000
Financing agreement, borrowed amounts under line of credit				$ 2,109,000
Borrowings, collateral, description	Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company.
Interest rate, description	Loans outstanding under the Financing Agreement bear interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the "Effective Rate") or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%.
Loan facility, borrowing capacity, description					On April 29, 2014, the Company entered into an amendment (the “Amendment”) to the Financing Agreement. The Amendment provides for advances against inventory balances based on prescribed formulas of raw materials and finished goods.
Credit facility, covenant terms	The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting our ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends.
Weighted average interest rate				8.50%	9.40%
Mr. Sheerr | Note and Security Agreement
Financing Agreements (Textual) [Abstract]
Formula-based secured debt financing capacity			$ 2,000,000
Financing agreement, borrowed amounts under line of credit			$ 2,000,000
Interest rate, description		The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance.	The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance.
Loan facility, borrowing capacity, description		The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. Principal was payable in 29 equal monthly installments of $33,333, beginning on November 15, 2013 and subsequently on the 15th day of each month thereafter, until paid in full.			On April 30, 2014 the note was paid in full.
Frequency of periodic payment		Monthly
Number of installments | integer		29
Date of first required payment, principal amount		Nov. 15, 2013
Proceeds from sale of equipment and furniture		$ 500,000
Repayment of Note		$ 500,000
Sale leaseback transaction, lease terms		The Company entered into an agreement with Mr. Sheerr to leaseback the equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional 2 year period.
Sale leaseback, monthly rental payments		$ 7,500
Sale leaseback, gain on sale of assets		139,000
Sale leaseback, deferred gain		322,000
Sale leaseback, portion of deferred gain in accrued liabilities				$ 72,000	$ 72,000
Sale leaseback, portion of deferred gain in other long term liabilities				$ 179,000	250,000
Amount borrowed under agreement		966,667
Principal amount due per month		$ 33,333	$ 33,333
Interest expense					$ 122,000

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Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Rental expense	$ 443,000	$ 419,000
Open purchase orders outstanding	83,000
Royalties charged to operations	$ 57,000	$ 60,000
Legal Proceeding MPP Associates and Marc Palker vs Dataram
Lawsuit Filing Date	April 8, 2015
Plaintiff	MPP Associates, Inc. and Marc P. Palker
Defendant	Dataram Corporation, Jon Isaac, David Moylan, Michael Markulec and Richard Butler
Domicile	Superior Court of the State of New Jersey, Essex County
Allegations	Associates, Inc. asserts claims for breach of contract against Dataram for breach of contract and breach of the covenant of good faith and fair dealing.  Mr. Palker asserts a claim against Dataram for breach of contract, alleging that he is a third party beneficiary of the agreement between MPP Associates, Inc. and Dataram.  Mr. Palker also asserts a claim against Dataram and Messrs. Isaac, Moylan, Markulec and Butler for violation of the New Jersey Conscientious Employee Protection Act (“CEPA”), alleging that he was an “employee” of Dataram under the law and that his employment was terminated in retaliation for making lawfully protected objections concerning certain conduct.
Damages sought	Plaintiffs do not demand a specific amount damages, but instead seek legal damages, compensatory damages, lost earnings and benefits, punitive damages, attorney’s fees with enhancement, costs of suit, and pre-judgment and post-judgment interest.
Legal Proceeding John Freeman vs Dataram
Lawsuit Filing Date	April 9, 2015
Plaintiff	John H. Freeman
Defendant	Dataram Corporation, David A. Moylan, Jon Isaac, and John Does 1-5
Domicile	Superior Court of the State of New Jersey, Essex County
Allegations	Mr. Freeman asserts claims for breach of contract against Dataram for breach of his employment agreement and breach of a promissory note. Mr. Freeman asserts claims against the company and Messrs. Moylan and Isaac for defamation per se and defamation. Mr. Freeman similarly asserts a claim for defamation against the John Doe defendants.
Damages sought	Mr. Freeman does not demand a specific amount damages, but instead seeks compensatory damages, punitive damages, attorney’s fees, costs of suit, and pre-judgment interest.
Legal Proceeding Dataram vs John Freeman, Marc Palker and MPP Associates, Inc.
Lawsuit Filing Date	April 10, 2015
Plaintiff	Dataram
Defendant	John Freeman, Marc Palker and MPP Associates, Inc.
Domicile	Superior Court of the State of New Jersey, Essex County
Allegations	The company asserts claims against Mr. Freeman for breach of the duty of loyalty and misappropriation of corporate property/conversion, claims against Messrs. Freeman and Palker for breach of fiduciary duty, and claims against Messrs. Freeman and Palker and MPP Associates, Inc. for fraud.
Damages sought	The company seeks at least $110,640.52 against Mr. Freeman and legal damages, compensatory, consequential, and punitive damages, attorney’s fees, costs of suit, and interest against all defendants.
Legal Proceeding Alethea Douglas vs Dataram
Lawsuit Filing Date	June 26, 2015
Plaintiff	Alethea Douglas
Defendant	Dataram Corporation
Domicile	U.S. Equal Employment Opportunity Commission
Allegations	a claim for age discrimination in connection with the termination of her employment effective May 20, 2015

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Consolidated Balance Sheets - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Current assets:
Cash and cash equivalents	$ 327,000	$ 258,000
Accounts receivable, less allowance for doubtful accounts and sales returns of $140 at April 30, 2015 and $220 at April 30, 2014	2,171,000	3,663,000
Inventories:
Raw materials	911,000	1,576,000
Work in process	2,000	64,000
Finished goods	1,176,000	651,000
Inventory	2,089,000	2,291,000
Other current assets	69,000	7,000
Total current assets	4,656,000	6,219,000
Property and equipment:
Machinery and equipment	479,000	451,000
Leasehold improvements	609,000	608,000
Property and equipment, gross	1,088,000	1,059,000
Less: accumulated depreciation and amortization	967,000	840,000
Net property and equipment	121,000	219,000
Other assets	50,000	$ 51,000
Capitalized software development costs	365,000
Goodwill	1,083,000	$ 1,083,000
Total assets	6,275,000	7,572,000
Current liabilities:
Note payable-revolving credit line	2,109,000	2,970,000
Accounts payable	880,000	1,438,000
Accrued liabilities	282,000	$ 929,000
Convertible notes payable, net of discount	600,000
Convertible notes payable related parties, net of discount	108,000
Total current liabilities	3,979,000	$ 5,337,000
Other liabilities - related parties	179,000	250,000
Total liabilities	4,158,000	$ 5,587,000
Stockholders' equity:
Preferred Stock, par value $.01 per share. Authorized 1,300,000 share and 626,600 shares outstanding at April 30, 2015	1,857,000
Common stock, par value $1.00 per share. Authorized 54,000,000 shares and 2,776,012 issued and outstanding at April 30, 2015 and 2,410,512 issued and outstanding on April 30, 2014	2,776,000	$ 2,411,000
Additional paid-in capital	21,864,000	20,236,000
Accumulated deficit	(24,491,000)	$ (20,662,000)
Shares to be issued	111,000
Total stockholders' equity	2,117,000	$ 1,985,000
Total liabilities and stockholders' equity	$ 6,275,000	$ 7,572,000

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Income Taxes - Income tax expense differs from expected tax expense (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Federal income tax at statutory rates	$ (1,301,000)	$ (879,000)
State income taxes (net of federal income tax benefit)	(99,000)	(179,000)
Impact of change in state rate	1,330,000
Other	249,000	(105,000)
Total income tax expense (benefit) before provision for valuation allowance	179,000	(1,163,000)
Changes in valuation allowance	(176,000)	1,163,000
Total income tax expense	$ 3,000	$ 0

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Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock Purchase Agreement	Preferred Stock	Shares to be Issued	Additional paid-in capital	Accumulated deficit	Total
Beginning balance at Apr. 30, 2013	$ 1,755,000			$ 19,288,000	$ (18,053,000)	$ 2,990,000
Net loss					(2,609,000)	(2,609,000)
Stock based compensation expense				43,000		43,000
Issuance of shares under registered direct offering	656,000			905,000		1,561,000
Ending balance at Apr. 30, 2014	2,411,000			20,236,000	(20,662,000)	1,985,000
Net loss					(3,829,000)	(3,829,000)
Fair value detachable warrants				562,000		562,000
Beneficial conversion feature of convertible notes payable				188,000		188,000
Common shares issued in connection with sales of preferred stock	182,000			(182,000)
Common shares issued	183,000			183,000
Preferred shares issued		$ 1,857,000		974,000
Non-cash preferred stock dividend			$ 111,000	(111,000)
Ending balance at Apr. 30, 2015	$ 2,776,000	$ 1,857,000	$ 111,000	$ 21,864,000	$ (24,491,000)	$ 2,117,000

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Summary of Significant Accounting Policies - Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share (Details) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Basic net loss per share
Loss (numerator)	$ (5,588,000)	$ (2,609,000)
Shares (denominator)	2,538,511	1,999,856
Net loss per share, basic	$ (2.20)	$ (1.30)
Effect of dilutive securities
Effect of dilutive securities – stock options
Diluted net loss per share
Loss (numerator)	$ (5,509,000)	$ (2,609,000)
Shares (denominator)	2,538,511	1,999,856
Net loss per share, diluted	$ (2.20)	$ (1.30)

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Accrued Liabilities (Tables)

12 Months Ended

Apr. 30, 2015

Payables and Accruals [Abstract]

Accrued liabilities

	2015		2014
Payroll, including vacation	$	27,000	$	226,000
Commissions		10,000		75,000
Bonuses		—		70,000
Lease legal settlement		—		225,000
Deferred gain on equipment sale		72,000		72,000
Accounting and audit		53,000		85,000
Other		120,000		176,000
	$	282,000	$	929,000

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Summary of Significant Accounting Policies - Net Income (Loss) Per Share (Details Narrative) - shares	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Stock Options
Anti-dilutive securities not included in diluted net loss per common share computation	134,079	272,580
Warrant
Anti-dilutive securities not included in diluted net loss per common share computation	3,358,275	485,775

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Revenues by Geographic Location (Tables)

12 Months Ended

Apr. 30, 2015

Segment Reporting [Abstract]

Revenue by geographic location

	United
	States		Europe		Other*		Consolidated
April 30, 2015
Revenues	$	23,285,000		3,785,000		1,188,000		28,258,000
Total assets	$	6,269,000		6,000		0		6,275,000
Long lived assets	$	1,498,000		0		0		1,498,000
April 30, 2014
Revenues	$	24,917,000	$	3,431,000	$	2,051,000	$	30,399,000
Total assets	$	7,556,000	$	16,000	$	0	$	7,572,000
Long lived assets	$	1,353,000	$	0	$	0	$	1,353,000

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Description of Business and Significant Accounting Policies

12 Months Ended

Apr. 30, 2015

Accounting Policies [Abstract]

Description of Business and Significant Accounting Policies

(1) Description of Business and Significant Accounting Policies

Since 1967, Dataram Corporation (“Dataram” or the “Company”) has been a leading independent manufacturer of memory products and provider of performance solutions. The Company provides customized memory solutions for original equipment manufacturers (OEMs) and compatible memory for leading brands including Cisco, Dell, Fujitsu, HP, IBM, Lenovo and Oracle as well as a line of memory products for Intel and AMD motherboard based servers.  Dataram manufactures its memory in-house to meet three key criteria - quality, compatibility, and selection - and tests its memory for performance and original equipment manufacturer (OEM) compatibility as part of the production process.  With memory designed for over 50,000 systems and with products that range from energy-efficient DDR4 modules to legacy SDR offerings, Dataram offers one of the most complete portfolios in the industry.   Backed by in-depth quality test programs, nearly fifty years of manufacturing expertise, and a limited lifetime warranty, Dataram memory products are built to last.  The company is a CMTL Premier Participant and ISO 9001 (2008 Certified). Its products are fully compliant with JEDEC Specifications.

Dataram’s customers include an international network of distributors, resellers, retailers, OEM customers and end users.

Dataram competes with several other large independent memory manufacturers and the OEMs noted above.  The primary raw material used in producing memory boards is dynamic random access memory (DRAM) chips. The purchase cost of DRAMs is the largest single component of the total cost of a finished memory board. Consequently, average selling prices for computer memory boards are significantly dependent on the pricing and availability of DRAM chips.

Liquidity and Basis of Presentation

The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. For the fiscal years ended April 30, 2015 and 2014, the Company incurred losses in the amounts of approximately $3,829,000 and $2,609,000, respectively. Net cash used in operating activities totaled approximately $2,581,000 and $1,554,000, for the fiscal years ended April 30, 2015 and 2014, respectively.

Our continuation as a going concern is dependent upon obtaining the additional working capital necessary to sustain our operations. Our future is dependent upon our ability to obtain financing, raise capital through the sales of equity and or debt securities and upon future profitable operations. There is no assurance that our current operations will be profitable or we will raise sufficient funds to continue operating. The Company continues to seek out opportunities to trim overhead expenses to meet revenues.

If current and projected revenue growth does not meet estimates, the Company may continue to choose to raise additional capital through debt and/or equity transactions, reduce certain overhead costs through the deferral of salaries and other means, and settle liabilities through negotiation. Currently, the Company does not have any commitments or assurances for additional capital, nor can the Company provide assurance that such financing will be available to it on favorable terms, or at all. These factors raise doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event we cannot continue in existence.

Principles of Consolidation

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.

Cash and Cash Equivalents

Cash and cash equivalents consist of unrestricted cash and money market accounts. To the extent that the Company’s cash deposits exceed FDIC insurance limits they are uninsured

Accounts Receivable

Accounts receivable consist of the following:

	April 30, 2015			April 30, 2014
Trade receivables	$	2,151,000		$	3,758,000
VAT receivable		160,000			125,000
Allowance for doubtful accounts and sales returns		(140,000	)		(220,000	)
	$	2,171,000		$	3,663,000

Bad debt expense in the fiscal year ended April 30, 2015 was approximately $50,000 compared to $186,000 in fiscal year ended April 30, 2014. As disclosed in Note 2, the Company wrote off approximately $162,000 note receivable Shoreline Capital Management Ltd in fiscal 2014’s second quarter.

Inventories

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or market, with cost determined by the first-in, first-out method. Management provides a reserve against inventory for known or expected inventory obsolescence. The reserve is determined by specific review of inventory items for product age and quality which may affect salability.

Property and Equipment

Property and equipment is recorded at cost. Depreciation is computed on the straight-line basis. Depreciation and amortization rates are based on the estimated useful lives, which range from two to five years for machinery and equipment and five to six years for leasehold improvements. When property or equipment is retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed from the accounts. Depreciation and amortization expense related to property and equipment for the fiscal years ended April 30, 2015 and 2014 totaled $127,000 and $167,000, respectively.

Repair and maintenance costs are charged to operations as incurred.

Long-Lived Assets

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of would be separately presented in the consolidated balance sheets and reported at the lower of the carrying amount or fair value less cost to sell, and no longer depreciated. The Company considers various valuation factors, principally undiscounted cash flows, to assess the fair values of long-lived assets.

Goodwill and Intangible Assets

Goodwill:

Goodwill – The carrying value of goodwill is not amortized, but is tested annually as of March 31 as well as whenever events or changes in circumstances indicate that the carrying amount may not be recoverable using a two-step process. As of April 30, 2015, management has concluded that no impairment of goodwill is required.

The following table outlines the changes in goodwill for the year ended April 30, 2015:

	2015		2014
Opening balance May 1	$	1,083,000	$	1,083,000
Contingent purchase price		—		—
Impairment charge		—		—
Goodwill balance April 30	$	1,083,000	$	1,083,000

Intangible Assets:

Intangible assets with determinable lives, other than customer relationships, are amortized on a straight-line basis over their estimated period of benefit, ranging from four to five years. Customer relationships are amortized over a two-year period at a rate of 65% of the gross value acquired in the first year subsequent to their acquisition and 35% of the gross value acquired in the second year. The Company evaluates the recoverability of intangible assets periodically and takes into account events or circumstances that warrant revised estimates of useful lives or that indicate that impairment exists.

The Company estimates that it has no significant residual value related to its intangible assets. Intangible assets amortization expense was $nil for fiscal year ended April 30, 2015, $133,000 for fiscal year ended April 30, 2014. As of April 30, 2015, the components of finite-lived intangible assets acquired are as follows:

As of April 30, 2015 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		733,000		0
Non-compete agreement		68,000		4 Years		68,000		0
	$	1,559,000			$	1,559,000	$	0

Fair Value of Financial Instruments:

Fair value measurements and disclosures establish a hierarchy that prioritizes fair value measurements based on the type of inputs used for the various valuation techniques (market approach, income approach and cost approach). The levels of hierarchy are described below:

• Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities.

• Level 2: Inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets, such as interest rates and yield curves that are observable at commonly-quoted intervals.

• Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions, as there is little, if any, related market activity.

The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy.

The following table sets forth the assets and liabilities measured at fair value on a nonrecurring basis, by input level, in the consolidated balance sheets at April 30, 2015:

	Quoted								Total
	Prices in								Reduction
	Active Markets for		Significant Other		Significant				in Fair value
Balance Sheet	Identical Assets or		Observable Inputs		Unobservable		April 30, 2015		Recorded as of
Location	Liabilities (Level 1)		(Level 2)		Inputs (Level 3)		Total		April 30, 2015
Assets:
Goodwill	$	—	$	—	$	1,083,000	$	1,083,000	$	—
Convertible notes payable, net of discount	$	—	$	708,000	$	—	$	708,000	$	—
Preferred stock	$	—	$	1,857,000	$	—	$	1,857,000	$	—

Revenue Recognition

Revenue is recognized when title passes upon shipment of goods to customers. The Company’s revenue earning activities involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.

Engineering and Research and Development

Research and development costs are expensed as incurred, including Company-sponsored research and development and costs of patents and other intellectual property that have no alternative future use when acquired and in which we had an uncertainty of receiving future economic benefits. Development costs of a computer software product to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. Technological feasibility of a computer software product is established when all planning, designing, coding and testing activities that are necessary to establish that the product can be produced to meet its design specifications (including functions, features and technical performance requirements) are completed. The Company has capitalized approximately $365,000 of cost related to the maintenance and development of our RAMDisk product in the fiscal year ended April 30, 2015.

Advertising

Advertising is expensed as incurred and amounted to $89,000 and $139,000 in the fiscal years ended April 30, 2015 and 2014, respectively.

Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes in accordance with the provisions of the Expenses – Income Taxes Topic of the FASB ASC. Under the asset and liability method, deferred income tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The Company considers certain tax planning strategies in its assessment as to the recoverability of its tax assets. Deferred income tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in earnings in the period that the tax rate changes. The Company recognizes, in its consolidated financial statements, the impact of a tax position, if that position is more likely than not to be sustained on audit, based on the technical merits of the position. There are no material unrecognized tax positions in the financial statements.

Concentrations of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents in financial institutions and brokerage accounts. To the extent that such deposits exceed the maximum insurance levels, they are uninsured. The Company performs ongoing evaluations of its customers’ financial condition, as well as general economic conditions and, generally, requires no collateral from its customers. At April 30, 2015 and 2014, amounts due from one customer totaled approximately 16% and 30%, respectively, of accounts receivable.

In fiscal years ended April 30, 2015 and 2014, the Company had sales to one customer that accounted for approximately 20% and 15%, respectively, of revenues.

Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is calculated in a manner consistent with basic net income (loss) per share except that the weighted average number of common shares outstanding also includes the dilutive effect of stock options outstanding (using the treasury stock method).

The following presents a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share.

	Year ended April 30, 2015
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(5,588,000	)		2,538,511	$	(2.20	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share-net loss, weighted average common shares outstanding and effect of stock options	$	(5,588,000	)		2,538,511	$	(2.20	)

	Year ended April 30, 2014
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(2,609,000	)		1,999,856	$	(1.30	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share -net loss weighted average common shares outstanding and effect of stock options	$	(2,609,000	)		1,999,856	$	(1.30	)

Diluted net loss per common share does not include the effect of options to purchase 134,079 and 272,580 shares of Common Stock for the years ended April 30, 2015 and 2014, respectively, because they are anti-dilutive. Diluted net loss per common share for the years ended April 30, 2015 and 2014 also does not include the effect of warrants to purchase 3,358,275 and 485,775 shares, respectively, because they are anti-dilutive.

Product Warranty

The majority of the Company’s products are intended for single use; therefore, the Company requires limited product warranty accruals. The Company accrues estimated product warranty cost at the time of sale and any additional amounts are recorded when such costs are probable and can be reasonably estimated.

	Balance		Charges to					Balance
	Beginning		Costs and					End
	of Year		Expenses		Deductions			of Year
Year Ended April 30, 2015	$	69,000	$	11,000	$	(70,000	)	$	10,000
Year Ended April 30, 2014	$	69,000	$	9,000	$	(9,000	)	$	69,000

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.

Stock-Based Compensation

At April 30, 2015, the Company has stock-based employee and director compensation plans, which are described more fully in Note 6. New shares of the Company’s Common Stock are issued upon exercise of stock options.

The accounting for transactions in which an enterprise receives employee services in exchange for (a) equity instruments of the enterprise or (b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may be settled by the issuance of such equity instruments are accounted for using a fair value-based method with a recognition of an expense for compensation cost related to share-based payment arrangements, including stock options and employee stock purchase plans.

The Company’s consolidated statement of operations for fiscal year ended April 30, 2015 includes $14,000 of stock based compensation expense. Stock based compensation expense is recognized in the results of operations on a ratable basis over the vesting periods. These stock option grants have been classified as equity instruments, and as such, a corresponding increase has been reflected in additional paid-in capital in the accompanying balance sheet as of April 30, 2015. In fiscal 2014, stock-based compensation expense totaled $43,000. A corresponding increase is reflected in additional paid-in capital for these years. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes option pricing model.

A summary of option activity for the fiscal year ended April 30, 2015 is as follows:

						Weighted
				Weighted		average		Aggregate
				average		remaining		intrinsic
	Shares			exercise price		contractual life		value(1)
Balance April 30, 2014		264,244		$	12.42		4.46	$	6,250
Granted				$
Exercised
Expired		(138,498	)	$	16.00		—		—
Balance April 30, 2015		125,746		$	8.48		3.59	$	—
Exercisable April 30, 2015		125,746		$	8.48		3.59	$	—
Vested  April 30, 2015		125,746		$	8.48		3.59	$	—

(1) These amounts represent the difference between the exercise price and the closing price of Dataram Common Stock as of the end of the reporting period, $2.17 on April 30, 2015 as reported on the NASDAQ Stock Markets. There are no in-the-money options outstanding at April 30, 2015.

During fiscal 2015, 12,500 options completed vesting. As of April 30, 2015, all compensation expense related to stock options was recognized. At April 30, 2015, 258,333 shares were authorized for future grant under the Company’s stock option plans.

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Consolidated Balance Sheets (Parenthetical) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts and sales returns	$ 220,000	$ 220,000
Preferred stock, par value	$ 0.01
Preferred stock, authorized shares	1,300,000
Preferred stock, outstanding shares	626,600
Common stock, par value	$ 1	$ 1
Common stock, authorized shares	54,000,000	54,000,000
Common stock, issued shares		2,410,512
Common stock, outstanding shares		2,410,512

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Subsequent Event

12 Months Ended

Apr. 30, 2015

Subsequent Events [Abstract]

Subsequent Event

(11) Subsequent Event

On July 30, 2015, we entered into separate Common Purchase Agreements, pursuant to which we sold and issued 500,000 shares of our Common Stock to 5 accredited investors.  Gross proceeds of the Common Stock offering were $500,000.

We are not using the services of an investment banker and no finder was involved in the Common Stock Offering.

In May 2015, Dataram filed an application with the state of NJ for the transfer of some or all of its New Jersey Net Operating Losses (NOLs) for which the Company is waiting for approval.  At this time we cannot guarantee approval of our application, nor the success of the transfer, and we do not know what the size of the NOL transfer the state of New Jersey will approve. The Company has engaged Source Capital Group, Inc. on a best efforts basis to transfer the NJ NOL to the highest bidder for the New Jersey Net Operating Losses. Today, we cannot provide any certainty on the dollar amount or timing of the sale of the NOLs.

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Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2015	Jul. 29, 2015	Oct. 31, 2014
Document And Entity Information
Entity Registrant Name	Dataram Corporation
Entity Central Index Key	0000027093
Document Type	10-K
Document Period End Date	Apr. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 5,303,126
Entity Common Stock, Shares Outstanding		2,801,012
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2015

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Apr. 30, 2015

Accounting Policies [Abstract]

Liquidity and Basis of Presentation

Liquidity and Basis of Presentation

The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. For the fiscal years ended April 30, 2015 and 2014, the Company incurred losses in the amounts of approximately $3,829,000 and $2,609,000, respectively. Net cash used in operating activities totaled approximately $2,581,000 and $1,554,000, for the fiscal years ended April 30, 2015 and 2014, respectively.

Our continuation as a going concern is dependent upon obtaining the additional working capital necessary to sustain our operations. Our future is dependent upon our ability to obtain financing, raise capital through the sales of equity and or debt securities and upon future profitable operations. There is no assurance that our current operations will be profitable or we will raise sufficient funds to continue operating. The Company continues to seek out opportunities to trim overhead expenses to meet revenues.

If current and projected revenue growth does not meet estimates, the Company may continue to choose to raise additional capital through debt and/or equity transactions, reduce certain overhead costs through the deferral of salaries and other means, and settle liabilities through negotiation. Currently, the Company does not have any commitments or assurances for additional capital, nor can the Company provide assurance that such financing will be available to it on favorable terms, or at all. These factors raise doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event we cannot continue in existence.

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents consist of unrestricted  cash and money market accounts. To the extent that the Company’s cash deposits exceed FDIC insurance limits they are uninsured.

Accounts Receivable

Accounts Receivable

Accounts receivable consist of the following:

	April 30, 2015			April 30, 2014
Trade receivables	$	2,151,000		$	3,758,000
VAT receivable		160,000			125,000
Allowance for doubtful accounts and sales returns		(140,000	)		(220,000	)
	$	2,171,000		$	3,663,000

Bad debt expense in the fiscal year ended April 30, 2015 was approximately $50,000 compared to $186,000 in fiscal year ended April 30, 2014. As disclosed in Note 2, the Company wrote off approximately $162,000 note receivable Shoreline Capital Management Ltd in fiscal 2014’s second quarter.

Inventories

Inventories

Inventories, consisting of materials, labor and manufacturing overhead, are stated at the lower of cost or market, with cost determined by the first-in, first-out method. Management provides a reserve against inventory for known or expected inventory obsolescence. The reserve is determined by specific review of inventory items for product age and quality which may affect salability.

Property and Equipment

Property and Equipment

Property and equipment is recorded at cost. Depreciation is computed on the straight-line basis. Depreciation and amortization rates are based on the estimated useful lives, which range from two to five years for machinery and equipment and five to six years for leasehold improvements. When property or equipment is retired or otherwise disposed of, related costs and accumulated depreciation and amortization are removed from the accounts. Depreciation and amortization expense related to property and equipment for the fiscal years ended April 30, 2015 and 2014 totaled $127,000 and $167,000, respectively.

Repair and maintenance costs are charged to operations as incurred.

Long-Lived Assets

Long-Lived Assets

Long-lived assets, such as property and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of would be separately presented in the consolidated balance sheets and reported at the lower of the carrying amount or fair value less cost to sell, and no longer depreciated. The Company considers various valuation factors, principally undiscounted cash flows, to assess the fair values of long-lived assets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill:

Goodwill – The carrying value of goodwill is not amortized, but is tested annually as of March 31 as well as whenever events or changes in circumstances indicate that the carrying amount may not be recoverable using a two-step process. As of April 30, 2015, management has concluded that no impairment of goodwill is required.

The following table outlines the changes in goodwill for the year ended April 30, 2015:

	2015		2014
Opening balance May 1	$	1,083,000	$	1,083,000
Contingent purchase price		—		—
Impairment charge		—		—
Goodwill balance April 30	$	1,083,000	$	1,083,000

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

Fair value measurements and disclosures establish a hierarchy that prioritizes fair value measurements based on the type of inputs used for the various valuation techniques (market approach, income approach and cost approach). The levels of hierarchy are described below:

• Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities.

• Level 2: Inputs other than quoted market prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets, such as interest rates and yield curves that are observable at commonly-quoted intervals.

• Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions, as there is little, if any, related market activity.

The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of assets and liabilities and their placement within the fair value hierarchy.

The following table sets forth the assets and liabilities measured at fair value on a nonrecurring basis, by input level, in the consolidated balance sheets at April 30, 2015:

	Quoted								Total
	Prices in								Reduction
	Active Markets for		Significant Other		Significant				in Fair value
Balance Sheet	Identical Assets or		Observable Inputs		Unobservable		April 30, 2015		Recorded as of
Location	Liabilities (Level 1)		(Level 2)		Inputs     (Level 3)		Total		April 30, 2015
Assets:
Goodwill	$	—	$	—	$	1,083,000	$	1,083,000	$	—
Convertible notes payable, net of discount	$	—	$	708,000	$	—	$	708,000	$	—
Preferred stock	$	—	$	1,857,000	$	—	$	1,857,000	$	—

Revenue Recognition

Revenue Recognition

Revenue is recognized when title passes upon shipment of goods to customers. The Company’s revenue earning activities involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.

Engineering and Research and Development

Engineering and Research and Development

Research and development costs are expensed as incurred, including Company-sponsored research and development and costs of patents and other intellectual property that have no alternative future use when acquired and in which we had an uncertainty of receiving future economic benefits. Development costs of a computer software product to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. Technological feasibility of a computer software product is established when all planning, designing, coding and testing activities that are necessary to establish that the product can be produced to meet its design specifications (including functions, features and technical performance requirements) are completed. The Company has capitalized approximately $365,000 of cost related to the maintenance and development of our RAMDisk product in the fiscal year ended April 30, 2015.

Advertising

Advertising

Advertising is expensed as incurred and amounted to $89,000 and $139,000 in the fiscal years ended April 30, 2015 and 2014, respectively.

Income taxes

Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes in accordance with the provisions of the Expenses – Income Taxes Topic of the FASB ASC. Under the asset and liability method, deferred income tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The Company considers certain tax planning strategies in its assessment as to the recoverability of its tax assets. Deferred income tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in earnings in the period that the tax rate changes. The Company recognizes, in its consolidated financial statements, the impact of a tax position, if that position is more likely than not to be sustained on audit, based on the technical merits of the position. There are no material unrecognized tax positions in the financial statements.

Concentrations of Credit Risk

Concentrations of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents in financial institutions and brokerage accounts. To the extent that such deposits exceed the maximum insurance levels, they are uninsured. The Company performs ongoing evaluations of its customers’ financial condition, as well as general economic conditions and, generally, requires no collateral from its customers. At April 30, 2015 and 2014, amounts due from one customer totaled approximately 16% and 30%, respectively, of accounts receivable.

In fiscal years ended April 30, 2015 and 2014, the Company had sales to one customer that accounted for approximately 20% and 15%, respectively, of revenues.

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is calculated in a manner consistent with basic net income (loss) per share except that the weighted average number of common shares outstanding also includes the dilutive effect of stock options outstanding (using the treasury stock method).

The following presents a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share.

	Year ended April 30, 2015
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(5,588,000	)		2,538,511	$	(2.20	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share-net loss, weighted average common shares outstanding and effect of stock options	$	(5,588,000	)		2,538,511	$	(2.20	)

	Year ended April 30, 2014
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(2,609,000	)		1,999,856	$	(1.30	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share -net loss weighted average common shares outstanding and effect of stock options	$	(2,609,000	)		1,999,856	$	(1.30	)

Diluted net loss per common share does not include the effect of options to purchase 134,079 and 272,580 shares of Common Stock for the years ended April 30, 2015 and 2014, respectively, because they are anti-dilutive. Diluted net loss per common share for the years ended April 30, 2015 and 2014 also does not include the effect of warrants to purchase 3,358,275 and 485,775 shares, respectively, because they are anti-dilutive.

Product Warranty

Product Warranty

The majority of the Company’s products are intended for single use; therefore, the Company requires limited product warranty accruals. The Company accrues estimated product warranty cost at the time of sale and any additional amounts are recorded when such costs are probable and can be reasonably estimated.

	Balance		Charges to					Balance
	Beginning		Costs and					End
	of Year		Expenses		Deductions			of Year
Year Ended April 30, 2015	$	69,000	$	11,000	$	(70,000	)	$	10,000
Year Ended April 30, 2014	$	69,000	$	9,000	$	(9,000	)	$	69,000

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.

Stock-Based Compensation

Stock-Based Compensation

At April 30, 2015, the Company has stock-based employee and director compensation plans, which are described more fully in Note 6. New shares of the Company’s Common Stock are issued upon exercise of stock options.

The accounting for transactions in which an enterprise receives employee services in exchange for (a) equity instruments of the enterprise or (b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may be settled by the issuance of such equity instruments are accounted for using a fair value-based method with a recognition of an expense for compensation cost related to share-based payment arrangements, including stock options and employee stock purchase plans.

The Company’s consolidated statement of operations for fiscal year ended April 30, 2015 includes $14,000 of stock based compensation expense. Stock based compensation expense is recognized in the results of operations on a ratable basis over the vesting periods. These stock option grants have been classified as equity instruments, and as such, a corresponding increase has been reflected in additional paid-in capital in the accompanying balance sheet as of April 30, 2015. In fiscal 2014, stock-based compensation expense totaled $43,000. A corresponding increase is reflected in additional paid-in capital for these years. The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes option pricing model.

A summary of option activity for the fiscal year ended April 30, 2015 is as follows:

						Weighted
				Weighted		average		Aggregate
				average		remaining		intrinsic
	Shares			exercise price		contractual life		value(1)
Balance April 30, 2014		264,244		$	12.42		4.46	$	6,250
Granted				$
Exercised
Expired		(138,498	)	$	16.00		—		—
Balance April 30, 2015		125,746		$	8.48		3.59	$	—
Exercisable April 30, 2015		125,746		$	8.48		3.59	$	—
Vested  April 30, 2015		125,746		$	8.48		3.59	$	—

(1) These amounts represent the difference between the exercise price and the closing price of Dataram Common Stock as of the end of the reporting period, $2.17 on April 30, 2015 as reported on the NASDAQ Stock Markets. There are no in-the-money options outstanding at April 30, 2015.

During fiscal 2015, 12,500 options completed vesting. As of April 30, 2015, all compensation expense related to stock options was recognized. At April 30, 2015, 258,333 shares were authorized for future grant under the Company’s stock option plans.

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Consolidated Statements of Operations (Unaudited) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Statement [Abstract]
Revenues	$ 28,258,000	$ 30,399,000
Costs and expenses:
Cost of sales	24,068,000	24,353,000
Engineering	768,000	1,186,000
Selling, general and administrative	6,171,000	7,181,000
Total costs and expenses	31,007,000	32,720,000
Loss from operations	$ (2,749,000)	$ (2,321,000)
Other income (expense):
Interest income
Interest expense	$ 1,001,000	$ 306,000
Currency gain (loss)	(76,000)	18,000
Total other income (expense)	(1,077,000)	(288,000)
Loss before income tax expenses	(3,826,000)	$ (2,609,000)
Income tax expense	3,000
Net loss	(3,829,000)	$ (2,609,000)
Less preferred stock dividends	1,759,000
Net loss allocated to common shareholders	$ (5,588,000)	$ (2,609,000)
Net loss per common share
Basic	$ (2.20)	$ (1.30)
Diluted	$ (2.20)	$ (1.30)

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Stock Options

12 Months Ended

Apr. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Stock Options

(6) Stock Options

The Company has a 2001 incentive and non-statutory stock option plan for the purpose of permitting certain key employees to acquire equity in the Company and to promote the growth and profitability of the Company by attracting and retaining key employees. In general, the plan allows granting of up to 300,000 shares of the Company’s Common Stock at an option price to be no less than the fair market value of the Company’s Common Stock on the date such options are granted. Currently, options granted under the plan vest ratably on the annual anniversary date of the grants. Vesting periods for options currently granted under the plan range from one to five years. At April 30, 2014, 239,246 of the outstanding options are exercisable. No further options may be granted under this plan. The Company also has a 2011 incentive and non-statutory stock option plan for the purpose of permitting certain key employees and consultants to acquire equity in the Company and to promote the growth and profitability of the Company by attracting and retaining key employees. No executive officer or director of the Company is eligible to receive options under the 2011 plan. In general, the plan allows granting of up to 33,333 shares of the Company’s Common Stock at an option price to be no less than the fair market value of the Company’s Common Stock on the date such options are granted. Options granted under the plan vest ratably on the annual anniversary date of the grants. There have been 25,000 shares granted under this plan. At April 30, 2015, 25,000 of the outstanding options are exercisable.

The Company’s has a 2014 Equity Incentive Plan (the “Plan”), and reserves for issuance 250,000 shares of our common stock. Equity incentive awards play a significant role in the compensation provided to executive officers and employees in the current market. We intend on relying on equity compensation in order to attract and retain key employees, align the interests of our executive officers with those of our shareholders and to provide executive officers and other employees with the opportunity to accumulate retirement income. The Plan is designed to provide flexibility to meet our need to remain competitive in the marketplace in order to attract and retain executive talent and other key employees.

The Board of Directors has exclusive authority to determine which officers, employees, and directors who provide services to the Company will be entitled to receive a benefit under the Plan and to administer awards under the Plan to those eligible individuals. The Board retains the authority to appoint a Compensation Committee at any time, consisting of one or more Board members, to determine awards under the Plan. The Compensation Committee will determine, among things, the selection of those individuals to be granted awards under the Plan among those individuals eligible for participation, the level of participation of each participant, when and how each award under the plan will be granted, and what type or combination of types of awards will be granted.

The Plan provides for the granting of qualified and non qualified stock options Incentive stock options may be granted only to participants who meet the definition of “employees” under Section 3401(c) of the Code and bonus shares.

Stock Options- Stock options provide the recipient with the right to purchase shares of common stock at a price not less than their fair market value on the date of the grant. The stock option price is payable in cash, by tendering previously acquired shares of common stock having an aggregate fair market value at the time of exercise equal to the option price, by cashless (broker-assisted) exercise, or any other method approved by the Board. No stock option may be exercised more than 10 years from the date of grant.

Stock options granted under the Plan may be stock options that are intended to qualify as incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Incentive stock options may be granted only to participants who meet the definition of “employees” under Section 3401(c) of the Code. In addition, in order to qualify for incentive stock option treatment, in the case of options granted to a holder of 10% or more of the company’s common stock, the stock option price may not be less than 110% of the fair market value of the stock on the date the stock option is granted.

Stock Appreciation Rights. A Stock Appreciation Right (“SAR”) provides the recipient with the right to receive from us an amount, determined by the Board and expressed as a percentage (not exceeding 100%), of the difference between the base price established for the appreciation rights and the market value of the common stock on the date the rights are exercised. Appreciation rights can be tandem (i.e., granted with option rights to provide an alternative to the exercise of the option rights) or free-standing. Tandem appreciation rights may only be exercised at a time when the related option right is exercisable and the spread is positive, and requires that the related option right be surrendered for cancellation. Free-standing appreciation rights must have a base price per right that is not less than the fair market value of the common stock on the grant date, must specify the period of continuous employment that is necessary before such appreciation rights become exercisable and may not be exercisable more than 10 years from the grant date.

Bonus Shares. Bonus Shares are an award to an eligible person of shares for services to be rendered or for past services already rendered to the Company. The Board will determine the number of shares to be awarded to the eligible individual, in accordance with any restrictions thereon. These restrictions may be based upon completion of a specified number of years of service with the Company or upon satisfaction of performance goals based on performance factors. Payment for the Bonus Shares may be made in the form of cash, whole shares, or a combination thereof, based on the fair market value of the shares on the date of payment, as determined in the sole discretion of the Board.

The status of these plans for the years ended April 30, 2015 and April 30, 2014 is as follows:

	Options Outstanding
				Exercise		Weighted
				price		average
	Shares			per share		exercise price
Balance April 30, 2013		280,242			$ 2.44-24.54	$	12.04
Granted		—			—		—
Exercised		—			—		—
Expired		(34,665	)		6.72-24.54		10.41
Balance April 30, 2014		245,577			$ 2.44-19.20	$	12.27
Granted		—			—		—
Exercised		—			—		—
Expired		(119,831	)		6.72-19.20		16.24
Balance April 30, 2015		125,746			$2.44-15.42	$	8.48

The Company periodically grants nonqualified stock options to non-employee directors of the Company. These options are granted for the purpose of retaining the services of directors who are not employees of the Company and to provide additional incentive for such directors to work to further the best interests of the Company and its shareholders. The options granted to these non-employee directors are exercisable at a price representing the fair value at the date of grant, and expire either five or ten years after date of grant. Vesting periods for options currently granted under the plan range from one to two years. At April 30, 2015, 125,746 of the outstanding options are exercisable.

The status of the non-employee director options for the years ended April 30, 2015 and April 30, 2014 is as follows:

	Options Outstanding
				Exercise		Weighted
				price		average
	Shares			per share		exercise price
Balance April 30, 2013		31,333		$	11.94-24.54	$	15.60
Granted		—			—		—
Exercised		—			—		—
Expired		(12,666	)		15.42-24.54		17.34
Balance April 30, 2014		18,667		$	11.94-15.42	$	14.43
Granted		—			—		—
Exercised		—			—		—
Expired		(18,667	)		11.94-15.42		14.43
Balance April 30, 2015		—		$	—	$	—

Other Stock Option Expense

During the first quarter of the fiscal year ended April 30, 2009, the Company granted options to purchase 8,333 shares of the Company’s Common Stock to a privately held company in exchange for certain patents and other intellectual property. The options granted are exercisable at a price representing the fair value at the date of grant, were 100% exercisable on the date of grant and expire ten years after the date of grant. The calculated fair value of these options was approximately $121,000 and was determined using the Black-Scholes option-pricing model.

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Income Taxes

12 Months Ended

Apr. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

(5) Income Taxes

Income tax expense for the years ended April 30 consists of the following:

	2015		2014
Current:
Federal	$	—	$	—
State		3,000		5,000
		3,000		5,000
Deferred:
Federal		—		—
State		—		—
		—		—
Total income tax expense	$	3,000	$	5,000

Income tax expense differs from “expected” tax expense (computed by applying the applicable U.S. statutory Federal income tax rate to earnings before income taxes) as follows:

	2015			2014
Federal income tax at statutory rates	$	(1,301,000	)	$	(879,000	)
State income taxes (net of federal income tax benefit)		(99,000	)		(179,000	)
Impact of change in state rate		1,330,000
Other		249,000			(105,000)
Total income tax expense (benefit) before provision for valuation allowance		179,000			(1,163,000	)
Changes in valuation allowance		(176,000	)		1,163,000
Total income tax expense	$	3,000		$	0

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below:

	2015			2014
Deferred tax assets:
Compensated absences and severance, principally due to accruals for financial reporting purposes	$	3,000		$	75,000
Stock-based compensation expense		1,151,000			1,275,000
Accounts receivable, principally due to allowance for doubtful accounts and sales returns		49,000			86,000
Property and equipment, principally due to differences in depreciation		216,000			240,000
Intangible assets		53,000			430,000
Inventories		54,000			68,000
Domestic net operating losses		10,609,000			10,134,000
Alternative minimum tax		438,000			438,000
Capitalized R & D cost		128,000			0
Other		23,000			153,000
Net deferred tax assets		12,724,000			12,899,000
Valuation allowance		(12,724,000	)		(12,899,000	)
Net deferred tax assets	$	—		$	—

The Company recorded a valuation allowance of $(176,000) and $1,163,000 for the fiscal years ended April 30, 2015 and 2014, respectively. Management believes sufficient uncertainty exists regarding the realization of the deferred tax asset items and that a valuation allowance is required. Management considers projected future taxable income and tax planning strategies in making this assessment. The amount of deferred tax assets considered realizable could materially change in the future if estimates of future taxable income change.

The Company has Federal and state net operating loss carry-forwards of approximately $29,900,000 and $29,400,000, respectively. These can be used to offset future taxable income and expire between 2023 and 2035 for Federal tax purposes and 2016 and 2035 for state tax purposes.

The Company adopted Financial Accounting Standards Board (“FASB”) guidance for accounting for uncertainty in income taxes on May 1, 2008. The implementation of this guidance did not result in a material adjustment to the Company’s liability for unrecognized income tax benefits. At the time of adoption and as of April 30, 2015, the Company currently was not and is not engaged in an income tax examination by any tax authority. The Company recognizes interest and penalties on unpaid taxes in its income tax expense. No interest or penalties were recognized during the Company’s fiscal years ended April 30, 2015, 2014 or 2013. The Company files income tax returns in the United States and in various states. The Company’s significant tax jurisdictions are the U.S. Federal, New Jersey, Pennsylvania and California. The tax years subsequent to 2010 remain open to examination by the taxing authorities.

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Commitments and Contingencies (Tables)

12 Months Ended

Apr. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Future minimum lease payments

	Non-Related		Related
	Party		Party		Total
Year ending April 30:
2016		169,000		90,000		259,000
2017		82,000		90,000		172,000
2018		84,000		90,000		174,000
2019		85,000		45,000		130,000
2020		86,000		—		86,000
Thereafter
Total	$	506,000	$	315,000	$	821,000

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2015

Accounting Policies [Abstract]

Accounts receivable

	April 30, 2015			April 30, 2014
Trade receivables	$	2,151,000		$	3,758,000
VAT receivable		160,000			125,000
Allowance for doubtful accounts and sales returns		(140,000	)		(220,000	)
	$	2,171,000		$	3,663,000

Changes in goodwill

	2015		2014
Opening balance May 1	$	1,083,000	$	1,083,000
Contingent purchase price		—		—
Impairment charge		—		—
Goodwill balance April 30	$	1,083,000	$	1,083,000

The components of finite-lived intangible assets acquired

	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		733,000		0
Non-compete agreement		68,000	4 Years		68,000		0
	$	1,559,000		$	1,559,000	$	0

The assets and liabilities measured at fair value on a nonrecurring basis, by input level, in the consolidated balance sheet

	Quoted								Total
	Prices in								Reduction
	Active Markets for		Significant Other		Significant				in Fair value
Balance Sheet	Identical Assets or		Observable Inputs		Unobservable		April 30, 2015		Recorded as of
Location	Liabilities (Level 1)		(Level 2)		Inputs     (Level 3)		Total		April 30, 2015
Assets:
Goodwill	$	—	$	—	$	1,083,000	$	1,083,000	$	—
Convertible notes payable, net of discount	$	—	$	708,000	$	—	$	708,000	$	—
Preferred stock	$	—	$	1,857,000	$	—	$	1,857,000	$	—

Reconciliation of the numerator and denominator used in computing basic and diluted net loss per share

	Year ended April 30, 2015
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(5,588,000	)		2,538,511	$	(2.20	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share-net loss, weighted average common shares outstanding and effect of stock options	$	(5,588,000	)		2,538,511	$	(2.20	)

	Year ended April 30, 2014
	Loss			Shares		Per share
	(numerator)			(denominator)		amount
Basic net loss per share-net loss and weighted average common shares outstanding	$	(2,609,000	)		1,999,856	$	(1.30	)
Effect of dilutive securities-stock options		—			—		—
Diluted net loss per share -net loss weighted average common shares outstanding and effect of stock options	$	(2,609,000	)		1,999,856	$	(1.30	)

Product warranty accruals

	Balance		Charges to					Balance
	Beginning		Costs and					End
	of Year		Expenses		Deductions			of Year
Year Ended April 30, 2015	$	69,000	$	11,000	$	(70,000	)	$	10,000
Year Ended April 30, 2014	$	69,000	$	9,000	$	(9,000	)	$	69,000

Summary of option activity

						Weighted
				Weighted		average		Aggregate
				average		remaining		intrinsic
	Shares			exercise price		contractual life		value(1)
Balance April 30, 2014		264,244		$	12.42		4.46	$	6,250
Granted
Exercised
Expired		(138,498	)	$	16.00		—		—
Balance April 30, 2015		125,746		$	8.48		3.59	$	—
Exercisable April 30, 2015		125,746		$	8.48		3.59	$	—
Vested April 30, 2015		125,746		$	8.48		3.59	$	—

The fair value of each stock option granted during the year

	2015		2014		2013
Expected life (years)						3.0 to 5.75
Expected volatility						77%
Expected dividend yield		—		—		—
Expected forfeiture rate		—		—		5.0%
Risk-free interest rate		—		—		0.5% to 0.6%
Weighted average fair value of options granted during the year	$	—	$	—	$	0.90

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Employee Benefit Plan

12 Months Ended

Apr. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plan

(9) Employee Benefit Plan

The Company has a defined contribution plan (the “Plan”) which is available to all qualified employees. Employees may elect to contribute a portion of their compensation to the Plan, subject to certain limitations. The Company contributes a percentage of the employee’s contribution, subject to a maximum of 4.5 percent. The Company’s matching contributions aggregated approximately $151,000 and $180,000 in 2015 and 2014 respectively.

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Accrued Liabilities

12 Months Ended

Apr. 30, 2015

Payables and Accruals [Abstract]

Accrued Liabilities

(7) Accrued Liabilities

Accrued liabilities consist of the following at April 30:

	2015		2014
Payroll, including vacation	$	27,000	$	226,000
Commissions		10,000		75,000
Bonuses		—		70,000
Lease legal settlement		—		225,000
Deferred gain on equipment sale		72,000		72,000
Accounting and audit		53,000		85,000
Other		120,000		176,000
	$	282,000	$	929,000

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Commitments and Contingencies

12 Months Ended

Apr. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

(8) Commitments and contingencies

Leases

The Company and its subsidiaries occupy various facilities and operate various equipment under operating lease arrangements. Rent charged to operations pursuant to such operating leases amounted to approximately $443,000 in 2015 and $419,000 in 2014.

Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2015 are as follows:

	Non-Related		Related
	Party		Party		Total
Year ending April 30:
2016		169,000		90,000		259,000
2017		82,000		90,000		172,000
2018		84,000		90,000		174,000
2019		85,000		45,000		130,000
2020		86,000		—		86,000
Thereafter
Total	$	506,000	$	315,000	$	821,000

Purchases

At April 30, 2015, the Company had open purchase orders outstanding totaling $83,000 primarily for inventory items to be delivered in the first three months of the fiscal year ending April 30, 2016. These purchase orders are cancelable.

License Agreements

The Company has entered into certain licensing agreements with varying terms and conditions. The Company is obligated to pay royalties on certain of these agreements. Royalties charged to operations pursuant to such agreements amounted to approximately $57,000 in 2015 and $60,000 in 2014.

Legal Proceedings

Effective as of the close of business on December 17, 2014, we terminated our agreement with MPP Associates, Inc., pursuant to which Marc P. Palker had been providing CFO services to us. On April 8, 2015, MPP Associates, Inc. and Mr. Palker filed a complaint, styled MPP Associates, Inc. and Marc Palker v. Dataram Corporation, Jon Isaac, David Moylan, Michael Markulec and Richard Butler, in the Superior Court of the State of New Jersey, Essex County, Docket No. ESX-L-002413-15. MPP Associates, Inc. asserts claims for breach of contract against Dataram for breach of contract and breach of the covenant of good faith and fair dealing.  Mr. Palker asserts a claim against Dataram for breach of contract, alleging that he is a third party beneficiary of the agreement between MPP Associates, Inc. and Dataram.  Mr. Palker also asserts a claim against Dataram and Messrs. Isaac, Moylan, Markulec and Butler for violation of the New Jersey Conscientious Employee Protection Act (“CEPA”), alleging that he was an “employee” of Dataram under the law and that his employment was terminated in retaliation for making lawfully protected objections concerning certain conduct. Plaintiffs do not demand a specific amount damages, but instead seek legal damages, compensatory damages, lost earnings and benefits, punitive damages, attorney’s fees with enhancement, costs of suit, and pre-judgment and post-judgment interest. We believe that the allegations are fully without merit and will defend ourselves vigorously in this action.

Effective as of the close of business on January 22, 2015, the company terminated the employment agreement with John H. Freeman, our former Chief Executive Officer. On April 9, 2015, styled John Freeman v. Dataram Corporation, David A. Moylan, Jon Isaac, and John Does 1-5, in the Superior Court of the State of New Jersey, Essex County, Docket No. ESX-L-002471-15. Mr. Freeman asserts claims for breach of contract against Dataram for breach of his employment agreement and breach of a promissory note. Mr. Freeman asserts claims against the company and Messrs. Moylan and Isaac for defamation per se and defamation. Mr. Freeman similarly asserts a claim for defamation against the John Doe defendants. Mr. Freeman does not demand a specific amount damages, but instead seeks compensatory damages, punitive damages, attorney’s fees, costs of suit, and pre-judgment interest. We believe that the allegations are fully without merit and will defend ourselves vigorously in this action.

Similarly, on April 10, 2015, the company filed an action against Mr. Freeman, Mr. Palker and MPP Associates, Inc., styled as Dataram Corporation v. John Freeman, Marc Palker and MPP Associates, Inc., in the Superior Court of the State of New Jersey, Mercer County, Docket No. ESX-L-000886-15. The company asserts claims against Mr. Freeman for breach of the duty of loyalty and misappropriation of corporate property/conversion, claims against Messrs. Freeman and Palker for breach of fiduciary duty, and claims against Messrs. Freeman and Palker and MPP Associates, Inc. for fraud.  The company seeks at least $110,640.52 against Mr. Freeman and legal damages, compensatory, consequential, and punitive damages, attorney’s fees, costs of suit, and interest against all defendants.

On June 26, 2015, Alethea Douglas, a former employee, filed a complaint against the Company with the U.S. Equal Employment Opportunity Commission, alleging a claim for age discrimination in connection with the termination of her employment effective May 20, 2015. We believe that the allegations are fully without merit and will defend ourselves vigorously in this action.

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Revenues by Geographic Location

12 Months Ended

Apr. 30, 2015

Segment Reporting [Abstract]

Revenues by Geographic Location

(10) Revenues by Geographic Location

The Company operates in one business segment and develops, manufactures and markets a variety of memory systems for use with servers and workstations which are manufactured by various companies. Revenues, total assets and long lived assets for 2015 and 2014 by geographic region is as follows:

	United
	States		Europe		Other*		Consolidated
April 30, 2015
Revenues	$	23,285,000	$	3,785,000	$	1,188,000	$	28,258,000
Total assets	$	6,269,000	$	6,000	$	0	$	6,275,000
Long lived assets	$	1,498,000	$	0	$	0	$	1,498,000
April 30, 2014
Revenues	$	24,917,000	$	3,431,000	$	2,051,000	$	30,399,000
Total assets	$	7,556,000	$	16,000	$	0	$	7,572,000
Long lived assets	$	1,353,000	$	0	$	0	$	1,353,000

*Principally Asia Pacific Region

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Summary of Significant Accounting Policies - Concentrations of Credit Risk (Details Narrative)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Accounts Receivable
One customer percentage	16.00%	30.00%
Revenues
One customer percentage	20.00%	15.00%

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Accrued Liabilities - Accrued liabilities (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Payables and Accruals [Abstract]
Payroll, including vacation	$ 27,000	$ 226,000
Commissions	$ 10,000	75,000
Bonuses		70,000
Lease legal settlement		225,000
Deferred gain on equipment sale	$ 72,000	72,000
Accounting and audit	53,000	85,000
Other	120,000	176,000
Total accrued liabilities	$ 282,000	$ 929,000

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Stock Options (Tables)

12 Months Ended

Apr. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Key employee stock option award plan activity table

	Options Outstanding
				Exercise		Weighted
				price		average
	Shares			per share		exercise price
Balance April 30, 2013		280,242			$ 2.44-24.54	$	12.04
Granted		—			—		—
Exercised		—			—		—
Expired		(34,665	)		6.72-24.54		10.41
Balance April 30, 2014		245,577			$ 2.44-19.20	$	12.27
Granted		—			—		—
Exercised		—			—		—
Expired		(119,831	)		6.72-19.20		16.24
Balance April 30, 2015		125,746			$2.44-15.42	$	8.48

Non-employee director stock option award plan activity table

	Options Outstanding
				Exercise		Weighted
				price		average
	Shares			per share		exercise price
Balance April 30, 2013		31,333		$	11.94-24.54	$	15.60
Granted		—			—		—
Exercised		—			—		—
Expired		(12,666	)		15.42-24.54		17.34
Balance April 30, 2014		18,667		$	11.94-15.42	$	14.43
Granted		—			—		—
Exercised		—			—		—
Expired		(18,667	)		11.94-15.42		14.43
Balance April 30, 2015		—		$	—	$	—

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Disclosure - Summary of Significant Accounting Policies - Accounts receivable (Details) - USD ($)	Apr. 30, 2015	Apr. 30, 2014
Notes to Financial Statements
Trade receivables	$ 2,151,000	$ 3,758,000
VAT receivable	160,000	125,000
Allowance for doubtful accounts and sales returns	140,000	220,000
Accounts receivable	$ 2,171,000	$ 3,663,000

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Stock Options - Stock options activity table - Non employees (Details) - $ / shares	3 Months Ended	12 Months Ended
	Jul. 31, 2009	Apr. 30, 2015	Apr. 30, 2014
Shares
Beginning Balance (in shares)		264,244
Granted (in shares)	8,333
Exercised (in shares)
Expired (in shares)		(138,498)
Ending balance (in shares)		125,746	264,244
Weighted average exercise price per share
Beginning balance (in dollars per share)		$ 12.42
Granted (in dollars per share)
Exercised (in dollars per share)
Ending balance (in dollars per share)		$ 8.48	$ 12.42
Stock Options | Non Employees Directors
Shares
Beginning Balance (in shares)		18,667	31,333
Granted (in shares)
Exercised (in shares)
Expired (in shares)		(18,667)	(12,666)
Ending balance (in shares)			18,667
Exercise price per share
Beginning balance (in dollars per share) lower range		$ 11.94	$ 11.94
Beginning balance (in dollars per share) upper range		$ 15.42	$ 24.54
Granted (in dollars per share) lower range
Granted (in dollars per share) upper range
Exercised (in dollars per share) lower range
Exercised (in dollars per share) upper range
Expired (in dollars per share) lower range		$ 11.94	$ 15.42
Expired (in dollars per share) upper range		$ 15.42	24.54
Ending balance (in dollars per share) lower range			11.94
Ending balance (in dollars per share) upper range			15.42
Weighted average exercise price per share
Beginning balance (in dollars per share)		$ 14.43	$ 15.60
Granted (in dollars per share)
Exercised (in dollars per share)
Expired (in dollars per share)		$ 14.43	$ 17.34
Ending balance (in dollars per share)			$ 14.43

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Financing Agreements - Receivables (Details Narrative) - Shoreline Memory - USD ($)	1 Months Ended	12 Months Ended
	Jul. 30, 2012	Apr. 30, 2013	Oct. 31, 2013	Jul. 31, 2013	Mar. 27, 2013	Feb. 22, 2013	Feb. 19, 2013	Aug. 31, 2012	Jul. 31, 2012
Warrant
Notes Receivable (Textual) [Abstract]
Common stock called by warrants, percentage	30.00%
Convertible Senior Promissory Note
Notes Receivable (Textual) [Abstract]
Amount to be loaned under Convertible Senior Promissory Note									$ 1,500,000
Note receivable, interest rate description	Prime plus 3.0%
Terms of advance under the note	Each time the Company advanced money under the note, the Company was granted 1% of the outstanding Common Stock of Shoreline for every $100,000 advanced up to a maximum of 15%. This was in addition to the 15% allowable under the conversion of the note and the warrant to acquire 30% of Shoreline Common Stock. The conversion is at the rate of 1% of the outstanding Common Stock for each $100,000 converted up to a maximum of 15%.
Note receivable maturity period	3 years
Note receivable collateral, description	The note was secured by all the assets of Shoreline and Shoreline Capital Management Ltd. ("Shoreline Capital") as guarantor.
Convertible terms, description	Also executed with the note was a warrant to purchase 30% of the outstanding Common Stock of Shoreline at the time of exercise and the warrant expires sixty days after the third anniversary of the closing of the transaction. The warrant prescribed a formula to determine the price per share at the time of exercise. If all the amounts under the note were advanced and converted and the full warrant was exercised, the Company would have owned 60% of the outstanding Common Stock of Shoreline.
Amount advanced under the note								$ 375,000	$ 375,000
Partial repayments of note receivable			$ 162,000		$ 225,000	$ 200,000	$ 50,000
Termination agreement, description		The Company reached an agreement to terminate its relationship with Shoreline. At closing, the Company received an additional $225,000 as a partial repayment of the loan in connection with the termination of all agreements with Shoreline. The remaining $275,000 was scheduled to be repaid in accordance with the amended and restated promissory note on July 31, 2013. The promissory note bears interest at the rate of 6% and is guaranteed by Shoreline Memory, Inc., Shoreline Capital Management Ltd and Trevor Folk. The Company reserved the remaining $275,000 on July 31, 2013. The Company received $162,000 as a final settlement for the note on November 1, 2013.
Allowance for uncollectible notes receivable				$ 275,000

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Cash flows from operating activities:
Net loss	$ (3,829,000)	$ (2,609,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	127,000	300,000
Bad debt expense	50,000	186,000
Stock-based compensation expense	14,000	43,000
Amortization of deferred gain in sale leaseback	$ (71,000)
Gain on sale of property and equipment		$ (139,000)
Impairment of goodwill
Amortization of debt discount	$ 750,000
Changes in assets and liabilities:
Decrease (increase) in accounts and notes receivable	1,442,000	$ (689,000)
Decrease in inventories	202,000	612,000
Decrease (increase) in other current assets	(62,000)	74,000
Decrease in other assets	1,000	5,000
Increase (decrease) in accounts payable	(558,000)	491,000
Increase (decrease) in accrued liabilities	(647,000)	172,000
Net cash used in operating activities	(2,581,000)	$ (1,554,000)
Cash flows from investing activities:
Additions to property and equipment	(29,000)
Software development costs	$ (365,000)
Proceeds from sale of property and equipment		$ 500,000
Net cash provided by (used in) investing activities	$ (394,000)	500,000
Cash flows from financing activities:
Net borrowings (repayments) under revolving credit line	(861,000)	$ 1,094,000
Proceeds from issuance of notes and warrants	750,000
Repayment of convertible notes	42,000
Net proceeds from sale of preferred shares	$ 2,832,000
Payment of related party note payable		$ (1,667,000)
Net proceeds from sale of common stock	$ 365,000	1,561,000
Net cash provided by financing activities	3,044,000	988,000
Net (decrease) increase in cash and cash equivalents	69,000	(66,000)
Cash and cash equivalents at beginning of year	258,000
Cash and cash equivalents at end of year	327,000	$ 258,000
Supplemental disclosure of non-cash financing activities:
Debt discount on convertible notes payable	750,000
Non-cash preferred stock dividends	1,759,000
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	251,000	$ 324,000
Cash paid during the period for income taxes	$ 3,000

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Related Party Transactions

12 Months Ended

Apr. 30, 2015

Notes to Financial Statements

Related Party Transactions

(4) Related Party Transactions

During the fiscal years ended April 30, 2015 and 2014, the Company purchased inventories for resale totaling approximately $1,348,000 and $3,144,000, respectively, from Sheerr Memory, LLC (“Sheerr Memory”). Sheerr Memory’s owner (“Mr. Sheerr”) is employed by the Company and is the former general manager of the acquired MMB business unit. When the Company acquired certain assets of MMB, it did not acquire any of its inventories. However, the Company informally agreed to purchase such inventory on an as needed basis, provided that the offering price was a fair market value price. The inventory acquired was purchased subsequent to the acquisition of MMB at varying times and consisted primarily of raw materials and finished goods used to produce products sold by the MMB business unit. Approximately $15,000 and $271,000 respectively, of accounts payable in the Company’s consolidated balance sheets as of April 30, 2015 and 2014 is payable to Sheerr Memory. Sheerr Memory offers the Company trade terms of net 30 days and all invoices are settled in the normal course of business. No interest is paid. The Company has made further purchases from Sheerr Memory subsequent to April 30, 2015 and management anticipates that the Company will continue to do so, although the Company has no obligation to do so.

During the fiscal years ended April 30, 2015 and 2014, the Company purchased inventories for resale totaling approximately $1,150,000 and $1,058,000, respectively, from Keystone Memory Group (“Keystone Memory”). Keystone Memory’s owner is a relative of Mr. Sheerr. Approximately $32,000 of accounts payable in the Company’s consolidated balance sheets as of April 30, 2015 is payable to Keystone Memory. At April 30, 2014 approximately $27,000 of accounts payable were due Keystone Memory. Keystone Memory offers the Company trade terms of net due and all invoices are settled in the normal course of business. No interest is paid. The Company has made further purchases from Keystone Memory subsequent to April 30, 2015 and management anticipates that the Company will continue to do so, although the Company has no obligation to do so.

On December 14, 2011, the Company entered into a Note and Security Agreement with Mr. Sheerr. The agreement provided for secured financing of up to $2,000,000. The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. Principal was payable in sixty equal monthly installments, beginning on July 15, 2012. The Company had borrowed the full $2,000,000 available under this agreement. Principal amounts due under this obligation were $33,333 per month which began on July 15, 2012.

The Company amended and restated its Note and Security Agreement with Mr. Sheerr as of October 31, 2013; the Company sold certain equipment and furniture for a purchase price of $500,000 under a sale leaseback transaction to Mr. Sheerr. The Company used the proceeds of the purchase price received from Mr. Sheerr to reduce the remaining principal amount of the original loan by an amount equal to $500,000. The principal amount was reduced to approximately $966,667 at October 31, 2013. The Company was obligated to pay monthly, interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. Principal was payable in 29 equal monthly installments of $33,333, beginning on November 15, 2013 and subsequently on the 15th day of each month thereafter, until paid in full. On April 30, 2014 the note was paid in full. Interest expense recorded for the Note in the fiscal years ended April 30, 2014 was approximately $122,000.

As of October 31, 2013, the Company also entered into an agreement with Mr. Sheerr to leaseback the aforementioned equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional two year period. The transactions described have been accounted for as a sale-leaseback transaction. Accordingly, the Company recognized a gain on the sale of assets of approximately $139,000, which is the amount of the gain on sale in excess of present value of the future lease payments and will recognize the remaining approximately $322,000 in proportion to the related gross rental charged to expense over the term of the lease, 60 months. The current portion of $72,000 deferred gain is reflected in accrued liabilities and the long term portion of $179,000 is reflected in other liabilities long term in the consolidated balance sheet as of April 30, 2015.

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Summary of Significant Accounting Policies - Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Summary Of Significant Accounting Policies - Liquidity And Basis Of Presentation Details Narrative
Depreciation and amortization expense related to property and equipment	$ 127,000	$ 167,000

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Summary of Significant Accounting Policies - Stock-Based Compensation - Summary of option activity (Details)		3 Months Ended	12 Months Ended
		Jul. 31, 2009 shares	Apr. 30, 2015 USD ($) integer $ / shares shares	Apr. 30, 2014 USD ($) $ / shares shares
Summary of option activity, Shares
Beginning Balance (in shares) | shares			264,244
Granted | shares		8,333
Exercised | shares
Expired | shares			(138,498)
Ending balance (in shares) | shares			125,746	264,244
Exercisable April 30, 2015 | shares			125,746
Vested April 30, 2015 | shares			125,746
Summary of option activity, Weighted average exercise price
Beginning balance (in dollars per share)			$ 12.42
Granted
Exercised
Expired			$ 16.00
Ending balance (in dollars per share)			8.48	$ 12.42
Exercisable April 30, 2015			8.48
Vested April 30, 2015			$ 8.48
Summary of option activity, Additional disclosures
Weighted average remaining contractual life			3 years 7 months 2 days	4 years 5 months 16 days
Exercisable, weighted average remaining contractual life			3 years 7 months 2 days
Expected to vest, weighted average remaining contractual life			3 years 7 months 2 days
Granted, Aggregate intrinsic value
Exercised, Aggregate intrinsic value | $
Expired, Aggregate intrinsic value | $
Balance April 30, 2015, Aggregate intrinsic value | $	[1]		$ 6,250
Exercisable April 30, 2015, Aggregate intrinsic value | $
Vested April 30, 2015, Aggregate intrinsic value | $
Summary of Significant Accounting Policies (Textual) [Abstract]
Closing price of common stock on NASDAQ Stock Market			$ 2.17	$ 2.69
Number of in-the-money options outstanding | integer			0

[1] These amounts represent the difference between the exercise price and the closing price of Dataram Common Stock as of the end of the reporting period, $2.17 on April 30, 2015 as reported on the NASDAQ Stock Market. There are no in-the-money options outstanding at April 30, 2015.

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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2015

Income Tax Disclosure [Abstract]

Income tax expense

	2015		2014
Current:
Federal	$	—	$	—
State		3,000		5,000
		3,000		5,000
Deferred:
Federal		—		—
State		—		—
		—		—
Total income tax expense	$	3,000	$	5,000

Income tax expense differs from expected tax expense

	2015			2014
Federal income tax at statutory rates	$	(1,301,000	)	$	(879,000	)
State income taxes (net of federal income tax benefit)		(99,000	)		(179,000	)
Impact of change in state rate		1,330,000
Other		249,000			(105,000)
Total income tax expense (benefit) before provision for valuation allowance		179,000			(1,163,000	)
Changes in valuation allowance		(176,000	)		1,163,000
Total income tax expense	$	3,000		$	0

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities

	2015			2014
Deferred tax assets:
Compensated absences and severance, principally due to accruals for financial reporting purposes	$	3,000		$	75,000
Stock-based compensation expense		1,151,000			1,275,000
Accounts receivable, principally due to allowance for doubtful accounts and sales returns		49,000			86,000
Property and equipment, principally due to differences in depreciation		216,000			240,000
Intangible assets		53,000			430,000
Inventories		54,000			68,000
Domestic net operating losses		10,609,000			10,134,000
Alternative minimum tax		438,000			438,000
Capitalized R & D cost		128,000			0
Other		23,000			153,000
Net deferred tax assets		12,724,000			12,899,000
Valuation allowance		(12,724,000	)		(12,899,000	)
Net deferred tax assets	$	—		$	—