Consolidated Balance Sheets - USD ($)
|
Apr. 30, 2020 |
Apr. 30, 2019 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 11,742,728
|
$ 3,912,135
|
| Trade accounts receivable, net |
4,076,851
|
4,406,704
|
| Accounts receivable, related party (Note 15) |
|
3,446,114
|
| Notes receivable, net |
118,047
|
425,197
|
| Inventory |
4,801,901
|
2,882,869
|
| Other current assets |
1,034,979
|
373,310
|
| Total Current Assets |
21,774,506
|
15,446,329
|
| Property and equipment, net |
298,383
|
307,524
|
| Right-of-use assets, net |
800,381
|
|
| Deferred tax asset |
1,649,018
|
|
| Other assets |
55,070
|
250,170
|
| TOTAL ASSETS |
24,577,358
|
16,004,023
|
| Current Liabilities |
|
|
| Accounts payable |
771,050
|
1,107,786
|
| Notes payable |
|
2,123,208
|
| Accrued sales commission payable |
7,983,536
|
7,402,659
|
| Deferred sales revenues |
3,495,571
|
3,209,288
|
| Settlement liability |
2,620,931
|
|
| State and local taxes payable |
2,285,514
|
1,913,638
|
| Accrued and other current liabilities |
2,779,169
|
695,135
|
| Income taxes payable |
920,305
|
|
| Current portion of convertible notes payable, net of unamortized debt discount of $9,843 in 2020 |
90,157
|
855,000
|
| Total Current Liabilities |
20,946,233
|
17,306,714
|
| Lease liability, long-term |
343,948
|
|
| Convertible notes payable, net of unamortized debt discount of $24,412 in 2020 and $34,433 in 2019 |
25,588
|
15,567
|
| TOTAL LIABILITIES |
21,315,769
|
17,322,281
|
| Commitments and contingencies |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Additional paid in capital |
38,871,057
|
31,870,020
|
| Shares to be issued |
11,785
|
21,000
|
| Stock subscriptions receivable |
(114,405)
|
(114,405)
|
| Treasury Stock |
(1,532,355)
|
|
| Accumulated deficit |
(33,992,697)
|
(33,111,921)
|
| Total Stockholders' Equity (Deficit) |
3,261,589
|
(1,318,258)
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) |
24,577,358
|
16,004,023
|
| Series A Convertible Preferred Stock [Member] |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Preferred stock, $0.0001 par value, 200,000,000 shares authorized: |
3,248
|
4,288
|
| Series B Convertible Preferred Stock [Member] |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Preferred stock, $0.0001 par value, 200,000,000 shares authorized: |
1,000
|
1,000
|
| Series C Convertible Preferred Stock [Member] |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Preferred stock, $0.0001 par value, 200,000,000 shares authorized: |
349
|
352
|
| Class A Common Stock [Member] |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Common stock, Value |
12,607
|
10,408
|
| Class B Common Stock [Member] |
|
|
| Stockholders' Equity (Deficit) |
|
|
| Common stock, Value |
$ 1,000
|
$ 1,000
|