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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (4,215) $ (21,813) $ (28,159)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 2,746 2,562 2,463
Stock-based compensation 1,595 1,538 3,363
Loss on disposal of assets 127 1,692 1
Gain on sale of research and development assets (1,000) (8,000) 0
Changes in operating assets and liabilities:      
Accounts receivable (3,620) 3,988 (4,883)
Contract asssets (1,439) 0 0
Inventories 1,701 16,970 (16,913)
Prepaid expenses and other assets (28) 153 434
Accounts payable 2,125 (1,271) (3,804)
Accrued payroll and related costs 976 (2,491) 372
Contract liabilities (5,371) (17,582) 11,275
Other accrued expenses and current liabilities (642) 1,009 (407)
Assets and liabilities of discontinued operations (4,550) (2,747) (2,911)
Net cash used in operating activities (11,595) (25,992) (39,169)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (1,502) (3,793) (3,627)
Decrease in other assets 0 0 568
Proceeds from sale of property and equipment 46 0 0
Proceeds from sale of research and development assets 6,000 3,000 0
Net cash provided by (used in) investing activities 4,544 (793) (3,059)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock, net of issuance costs 0 25,687 30,450
Proceeds from issuance of preferred stock, net of issuance costs 0 0 1,576
Proceeds from issuance of common stock under employee stock purchase plan 258 317 526
Proceeds from exercise of stock options 1,278 752 31
Dividends paid on preferred stock (4,325) (4,325) (4,279)
Principal payments on capital leases (74) (180) (139)
Net cash (used in) provided by financing activities (2,863) 22,251 28,165
Change in cash, cash equivalents and restricted cash (9,914) (4,534) (14,063)
Cash, cash equivalents and restricted cash, beginning of period 43,415 47,949 62,012
Cash, cash equivalents and restricted cash, end of period 33,501 43,415 47,949
SUPPLEMENTAL INFORMATION:      
Interest paid 11 4 6
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Unpaid purchases of property and equipment 318 180 658
Property and equipment acquired under capital lease 245 0 319
Receivable related to the sale of research and development assets $ 0 $ 5,000 $ 0