XML 148 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2011
Cash flows from operating activities:      
Net income (loss) $ 532 $ (16,662) $ (16,665)
Reconciliation of net income (loss) to net cash provided by operating activities:      
Depreciation 1,123 1,086 830
Amortization of intangible assets 1,538 2,115 3,589
Loss on disposal of equipment 71    
Loss on assets held for sale, net 110    
Sale of intangible trade name (1,000)    
Loss on extinguishment of debt   2,166  
Amortization of discount on notes payable   43 219
Interest added to long term debt principal   80 409
Stock based compensation expense 593 921 960
Impairments of goodwill and intangible assets   15,047 15,964
Change in fair value of contingent consideration     (164)
Gain from change in fair value of common stock warrant liability (365) (1,054) (519)
Changes in operating assets and liabilities:      
Accounts receivable (234) 4,655 (3,988)
Prepaid expenses and other current assets 194 (738) (168)
Other assets 388 144 229
Accounts payable 40 (983) 663
Accrued compensation and related expenses 256 (389) 569
Other accrued liabilities 118 (1,297) 100
Deferred revenue 724 240 (1,836)
Other long term liabilities (37) 44 425
Net cash provided by operating activities 4,051 5,418 617
Cash flows from investing activities:      
Acquisitions, net of cash acquired     (21,804)
Proceeds from sale of intangible trade name 1,000    
Purchases of property and equipment (322) (1,132) (852)
Net cash provided by (used in) investing activities 678 (1,132) (22,656)
Cash flows from financing activities:      
Proceeds from issuance of common stock   192 2
Proceeds from issuance of preferred stock, net of issuance costs   3,972  
Payment of preferred stock dividends (400) (334)  
Prepayment penalty on extinguishment of debt   (368)  
Payments of loan costs   (623) (1,233)
Payments on revolving line of credit   (3,950) (1,900)
Borrowings on revolving line of credit   6,500 4,500
Borrowings on term loan   16,000 24,000
Principal payments under debt obligations (3,217) (24,989) (1,408)
Principal payments on capital leases (345) (365) (351)
Net cash provided by (used in) financing activities (3,962) (3,965) 23,610
Effect of exchange rate changes on cash and cash equivalents (60) (146) (49)
Net increase (decrease) in cash and cash equivalents 707 175 1,522
Cash and cash equivalents, beginning of year 4,752 4,577 3,055
Cash and cash equivalents, end of year 5,459 4,752 4,577
Supplemental cash flow information:      
Cash paid for interest 1,460 1,938 2,225
Cash paid for income taxes 244 150 473
Supplemental non-cash investing and financing activities:      
Common stock issued in conjunction with acquisition     7,217
Common stock issued with conversion of convertible notes     6,274
Property and equipment acquired through leases   $ 544