Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2011
Oct. 31, 2010
Current assets:    
Cash and cash equivalents $ 344,593 $ 215,204
Restricted cash, Note 2 928,909 827,266
Short-term investments, Note 4 13,175 14,875
Accounts receivable, net of allowance for doubtful accounts 2,288,613 1,863,842
Inventory 1,717,700 1,780,114
Unbilled receivables, Note 3 690,686 587,015
Other current assets, Note 5 254,675 180,597
Prepaid expenses 285,305 218,059
Total current assets 6,523,656 5,686,972
Property and equipment, net, Note 6 176,243 114,469
Goodwill and other intangible assets, net, Note 7 3,918,522 3,921,847
Total assets 10,618,421 9,723,288
Current liabilities:    
Accounts payable, trade 2,195,460 2,036,340
Accrued expenses and other current liabilities 3,353,616 4,057,951
Short term loan payable 14,657,905 14,423,516
Warrant liability, Note 10 199,480 473,384
Deferred revenues and warranty provisions, Note 3 2,260,143 1,214,183
Deferred payments related to acquisitions 395,670 394,213
Total current liabilities 23,062,274 22,599,587
Loans and notes payable, long term, Note 13 160,397 160,350
Total liabilities 23,222,671 22,759,937
Commitment and contingencies
Stockholders' deficit:    
Preferred stock, $.001 par value; 5,000,000 shares authorized, Series A Preferred Stock; 50,000 shares designated; 6,287 Series A Preferred Shares issued and outstanding as of January 31, 2011 and October 31, 2010 6 6
Common stock, $0.001 par value; 150,000,000 shares authorized, 74,039,867 and 60,614,958 shares issued and outstanding as of January 31, 2011 and October 31, 2010 respectively 74,040 60,615
Additional paid-in capital 47,434,443 47,167,905
Accumulated other comprehensive loss (358,236) (979,342)
Accumulated deficit (59,754,503) (59,285,833)
Total stockholders' deficit (12,604,250) (13,036,649)
Total liabilities and stockholders' deficit $ 10,618,421 $ 9,723,288