Ayro (AYRO) 10-Q 16 Sep 15 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jul. 31, 2015	Sep. 11, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	WPCS INTERNATIONAL INC
Entity Central Index Key	1,086,745
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	WPCS
Entity Common Stock, Shares Outstanding		2,430,586

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Current assets:
Cash and cash equivalents	$ 5,539,610	$ 2,364,360
Accounts receivable, net of allowance of $92,000 at July 31, 2015 and April 30, 2015, respectively	5,069,955	6,494,890
Costs and estimated earnings in excess of billings on uncompleted contracts	523,758	420,434
Prepaid expenses and other current assets	75,305	159,769
Current assets held for sale	5,037,959	4,566,251
Total current assets	16,246,587	14,005,704
Property and equipment, net	158,724	162,986
Other assets	11,384	11,384
Other assets held for sale	978,211	977,119
Total assets	17,394,906	15,157,193
Current liabilities:
Current portion of loans payable	43,905	39,935
Accounts payable and accrued expenses	4,131,620	5,409,361
Billings in excess of costs and estimated earnings on uncompleted contracts	1,471,816	1,346,461
Other payable to Zurich	225,000	360,000
Short-term promissory notes	0	1,703,000
Income taxes payable	2,250	4,908
Dividends payable	228,568	677,546
Current liabilities held for sale	7,935,488	5,710,807
Total current liabilities	14,038,647	15,252,018
Loans payable, net of current portion	48,031	44,239
Total liabilities	$ 14,086,678	$ 15,296,257
Commitments and contingencies
WPCS equity (deficit):
Common stock - $0.0001 par value, 100,000,000 shares authorized, 2,200,649 and 982,660 shares issued and outstanding as of July 31, 2015 and April 30, 2015, respectively	$ 220	$ 98
Additional paid-in capital	80,469,531	70,380,397
Accumulated deficit	(80,732,898)	(76,550,894)
Accumulated other comprehensive income on foreign currency translation	349,076	349,723
Total WPCS equity (deficit)	2,731,239	(699,979)
Noncontrolling interest	576,989	560,915
Total equity (deficit)	3,308,228	(139,064)
Total liabilities and equity	17,394,906	15,157,193
Convertible Series F [Member]
WPCS equity (deficit):
Preferred stock	0	1,589,933
Convertible Series F-1 [Member]
WPCS equity (deficit):
Preferred stock	560,757	1,702,808
Convertible Series G [Member]
WPCS equity (deficit):
Preferred stock	0	731,706
Convertible Series G-1 [Member]
WPCS equity (deficit):
Preferred stock	743,726	1,096,250
Convertible Series H [Member]
WPCS equity (deficit):
Preferred stock	607,232	0
Convertible Series H-1 [Member]
WPCS equity (deficit):
Preferred stock	$ 733,595	$ 0

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Allowance for accounts receivable	$ 92,000	$ 92,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	2,200,649	982,660
Common stock, shares outstanding	2,200,649	982,660
Convertible Series F [Member]
Preferred stock, shares issued	0	5,268
Preferred Stock, Shares Outstanding	0	5,268
Preferred Stock, liquidation preference	$ 0	$ 0
Convertible Series F-1 [Member]
Preferred stock, shares issued	1,858	5,642
Preferred Stock, Shares Outstanding	1,858	5,642
Preferred Stock, liquidation preference	$ 3,089,348	$ 3,089,348
Convertible Series G [Member]
Preferred stock, shares issued	0	2,088
Preferred Stock, Shares Outstanding	0	2,088
Preferred Stock, liquidation preference	$ 0	$ 0
Convertible Series G-1 [Member]
Preferred stock, shares issued	2,122	3,128
Preferred Stock, Shares Outstanding	2,122	3,128
Preferred Stock, liquidation preference	$ 4,329,212	$ 4,329,212
Convertible Series H [Member]
Preferred stock, shares issued	3,943	0
Preferred Stock, Shares Outstanding	3,943	0
Preferred Stock, liquidation preference	$ 607,232	$ 607,232
Convertible Series H-1 [Member]
Preferred stock, shares issued	8,532	0
Preferred Stock, Shares Outstanding	8,532	0
Preferred Stock, liquidation preference	$ 1,415,030	$ 1,415,030

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Revenue	$ 4,464,003	$ 6,064,457
Costs and expenses:
Cost of revenue	3,447,203	4,780,419
Selling, general and administrative expenses	1,312,803	1,045,010
Depreciation and amortization	14,969	16,183
Costs and expenses	4,774,975	5,841,612
Operating (loss) income	(310,972)	222,845
Other income (expense):
Interest expense	(892)	(2,835,482)
Income from Section 16 settlement	400,000	0
Other expenses	(2,906)	(7,500)
Income (loss) from continuing operations before income tax provision	85,230	(2,620,137)
Income tax provision	1,099	27,363
Income (loss) from continuing operations	84,131	(2,647,500)
Discontinued operations:
Income (loss) from discontinued operations	41,261	(438,114)
Gain from disposal	0	798,896
Income from discontinued operations, net of tax	41,261	360,782
Consolidated net income (loss)	125,392	(2,286,718)
Net income (loss) attributable to noncontrolling interest	16,505	(49,020)
Net income (loss) attributable to WPCS	108,887	(2,237,698)
Dividends declared on preferred stock	(3,587,121)	(74,487)
Deemed dividend on convertible preferred stock, due to beneficial conversion feature	(703,770)	0
Net loss attributable to WPCS common shareholders	$ (4,182,004)	$ (2,312,185)
Basic and diluted net loss attributable to WPCS common shareholders:
Loss from continuing operations	$ (2.86)	$ (4.3)
Income (loss) from discontinued operations	0.02	(0.62)
Gain from disposal	0	1.26
Basic and diluted net income from discontinued operations	0.02	0.64
Basic and diluted net loss per common share attributable to WPCS	$ (2.84)	$ (3.66)
Basic and diluted weighted average number of common shares outstanding	1,470,248	632,417

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Consolidated net income (loss)	$ 125,392	$ (2,286,718)
Other comprehensive loss
Foreign currency translation adjustments	(647)	(7,010)
Reclassification adjustments of other comprehensive loss on the sale of Australia operations	0	(866,719)
Other comprehensive loss	(647)	(873,729)
Comprehensive income (loss)	124,745	(3,160,447)
Less: comprehensive loss attributable to noncontrolling interest	(431)	(44,405)
Comprehensive income (loss) attributable to WPCS shareholders	$ 125,176	$ (3,116,042)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) - 3 months ended Jul. 31, 2015 - USD ($)	Total	Series F Preferred Stock [Member]	Series G Preferred Stock [Member]	Series F1 Preferred Stock [Member]	Series G1 Preferred Stock [Member]	Series G And G1 Preferred Stock [Member]	Series F And F1 Preferred Stock [Member]	Series H Preferred Stock [Member]	Series H-1 Preferred Convertible Stock [Member]	Preferred Stock [Member]	Preferred Stock [Member]Series F Preferred Stock [Member]	Preferred Stock [Member]Series G Preferred Stock [Member]	Preferred Stock [Member]Series F1 Preferred Stock [Member]	Preferred Stock [Member]Series G1 Preferred Stock [Member]	Preferred Stock [Member]Series G And G1 Preferred Stock [Member]	Preferred Stock [Member]Series F And F1 Preferred Stock [Member]	Preferred Stock [Member]Series H Preferred Stock [Member]	Preferred Stock [Member]Series H-1 Preferred Convertible Stock [Member]	Common Stock [Member]	Common Stock [Member]Series F Preferred Stock [Member]	Common Stock [Member]Series G Preferred Stock [Member]	Common Stock [Member]Series F1 Preferred Stock [Member]	Common Stock [Member]Series G1 Preferred Stock [Member]	Common Stock [Member]Series G And G1 Preferred Stock [Member]	Common Stock [Member]Series F And F1 Preferred Stock [Member]	Common Stock [Member]Series H Preferred Stock [Member]	Common Stock [Member]Series H-1 Preferred Convertible Stock [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Series F Preferred Stock [Member]	Additional Paid-in Capital [Member]Series G Preferred Stock [Member]	Additional Paid-in Capital [Member]Series F1 Preferred Stock [Member]	Additional Paid-in Capital [Member]Series G1 Preferred Stock [Member]	Additional Paid-in Capital [Member]Series G And G1 Preferred Stock [Member]	Additional Paid-in Capital [Member]Series F And F1 Preferred Stock [Member]	Additional Paid-in Capital [Member]Series H Preferred Stock [Member]	Additional Paid-in Capital [Member]Series H-1 Preferred Convertible Stock [Member]	Accumulated Deficit [Member]	Accumulated Deficit [Member]Series F Preferred Stock [Member]	Accumulated Deficit [Member]Series G Preferred Stock [Member]	Accumulated Deficit [Member]Series F1 Preferred Stock [Member]	Accumulated Deficit [Member]Series G1 Preferred Stock [Member]	Accumulated Deficit [Member]Series G And G1 Preferred Stock [Member]	Accumulated Deficit [Member]Series F And F1 Preferred Stock [Member]	Accumulated Deficit [Member]Series H Preferred Stock [Member]	Accumulated Deficit [Member]Series H-1 Preferred Convertible Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series F Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series G Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series F1 Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series G1 Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series G And G1 Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series F And F1 Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series H Preferred Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]Series H-1 Preferred Convertible Stock [Member]	WPCS Equity (Deficit) [Member]	WPCS Equity (Deficit) [Member]Series F Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series G Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series F1 Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series G1 Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series G And G1 Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series F And F1 Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series H Preferred Stock [Member]	WPCS Equity (Deficit) [Member]Series H-1 Preferred Convertible Stock [Member]	Non-Controlling Interest [Member]	Non-Controlling Interest [Member]Series F Preferred Stock [Member]	Non-Controlling Interest [Member]Series G Preferred Stock [Member]	Non-Controlling Interest [Member]Series F1 Preferred Stock [Member]	Non-Controlling Interest [Member]Series G1 Preferred Stock [Member]	Non-Controlling Interest [Member]Series G And G1 Preferred Stock [Member]	Non-Controlling Interest [Member]Series F And F1 Preferred Stock [Member]	Non-Controlling Interest [Member]Series H Preferred Stock [Member]	Non-Controlling Interest [Member]Series H-1 Preferred Convertible Stock [Member]
Balance at Apr. 30, 2015	$ (139,064)									$ 5,120,697									$ 98									$ 70,380,397									$ (76,550,894)									$ 349,723									$ (699,979)									$ 560,915
Balance (in shares) at Apr. 30, 2015										16,126									982,660
Issuance of Series H-1 preferred stock and warrants for cash	1,575,000									$ 1,575,000									$ 0									0									0									0									1,575,000									0
Issuance of Series H-1 preferred stock and warrants for cash (in shares)										8,532									0
Issuance of warrants with Series H-1 preferred stock	841,405								$ 0									$ (841,405)									$ 0									$ 841,405									$ 0									$ 0									$ 0									$ 0
Beneficial conversion feature of Series H-1 convertible preferred stock									0									(703,770)									0									703,770									0									0									0									0
Deemed dividends related to immediate accretion of beneficial conversion feature of Series H-1 convertible preferred stock									$ 0									$ 703,770									$ 0									$ 0									$ (703,770)									$ 0									$ 0									$ 0
Dividend declared on preferred stock	(3,587,121)					$ (67,274)	$ (144,055)								$ 0	$ 0								$ 0	$ 0								$ 0	$ 0								$ (67,274)	$ (144,055)								$ 0	$ 0								$ (67,274)	$ (144,055)								$ 0	$ 0
Make-whole amount on conversion of preferred F-1 shares	(3,375,792)									$ 0									$ 0									0									(3,375,792)									0									(3,375,792)									0
Convertible Dividend Payable Shares Converted To Other Securities	3,375,792	$ 313,186	$ 129,655	$ 188,640	$ 28,826					$ 0	$ 0	$ 0	$ 0	$ 0					$ 15	$ 1	$ 1	$ 1	$ 0					3,375,777	$ 313,185	$ 129,654	$ 188,639	$ 28,826					0	$ 0	$ 0	$ 0	$ 0					0	$ 0	$ 0	$ 0	$ 0					3,375,792	$ 313,186	$ 129,655	$ 188,640	$ 28,826					0	$ 0	$ 0	$ 0	$ 0
Convertible Dividend Payable Shares Converted To Other Securities (In Shares)										0	0	0	0	0					152,075	13,959	7,022	8,705	1,697
Stock Issued During Period Value Conversion Of Units		$ 0	$ 0	$ 0	$ 0			$ 0			$ (1,589,933)	$ (731,706)	$ (1,142,051)	$ (352,524)			$ (691,768)			$ 24	$ 12	$ 17	$ 6			$ 45			$ 1,589,909	$ 731,694	$ 1,142,034	$ 352,518			$ 691,723			$ 0	$ 0	$ 0	$ 0			$ 0			$ 0	$ 0	$ 0	$ 0			$ 0			$ 0	$ 0	$ 0	$ 0			$ 0			$ 0	$ 0	$ 0	$ 0			$ 0
Stock Issued During Period Value Conversion Of Units (In Shares)											(5,268)	(2,088)	(3,784)	(1,006)			(4,492)		1,217,989	239,454	116,453	172,001	56,108			449,200
Conversion of short term convertible note to Series H preferred stock	1,299,000									$ 1,299,000									$ 0									0									0									0									1,299,000									0
Conversion of short term convertible note to Series H preferred stock (in shares)										8,435									0
Fractional Shares Issued on reverse split	0									$ 0									$ 0									0									0									0									0									0
Fractional Shares Issued on reverse split (in shares)										0									1,315
Other comprehensive loss	(647)									$ 0									$ 0									0									0									(647)									(647)									(431)
Net Income (loss) attributable to noncontrolling interest	16,505									0									0									0									0									0									0									16,505
Net loss attributable to WPCS	108,887									0									0									0									108,887									0									108,887									0
Balance at Jul. 31, 2015	$ 3,308,228									$ 2,645,310									$ 220									$ 80,469,531									$ (80,732,898)									$ 349,076									$ 2,731,239									$ 576,989
Balance (in shares) at Jul. 31, 2015										16,455									2,200,649

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating activities:
Net income (loss) from operations	$ 84,131	$ (2,647,500)
Consolidated net income from discontinued operations	(41,261)	(360,782)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	14,969	16,183
Amortization of notes discount	0	853,417
Interest expense related to make-whole amount	0	1,889,716
Income on Section 16 settlement	(400,000)	0
Changes in operating assets and liabilities:
Accounts receivable	1,424,935	(1,577,117)
Costs and estimated earnings in excess of billings on uncompleted contracts	$ (103,324)	(169,500)
Deferred contract costs		929
Current assets held for sale	$ (506,215)	1,188,498
Prepaid expenses and other current assets	84,464	(84,620)
Other assets	0	18,150
Other assets held for sale	(34,522)	179,591
Income taxes payable	(2,658)	(2,200)
Accounts payable and accrued expenses	(1,277,741)	2,082,017
Current liabilities held for sale	2,200,030	(559,652)
Accrued severance expense	0	(1,218,750)
Billings in excess of costs and estimated earnings on uncompleted contracts	125,355	(182,441)
Net cash provided by (used in) operating activities	1,650,685	(651,393)
Investing activities:
Acquisition of property and equipment	(10,707)	(137,314)
Net cash used in investing activities	(10,707)	(137,314)
Financing activities:
Borrowings under loan payable obligations	7,762	10,559
Repayments under other payable to Zurich	(135,000)	0
Repayments of short term convertible note	(4,000)	0
Dividend paid on preferred stock	0	(72,034)
Net cash provided by (used in) financing activities	1,443,762	(61,475)
Effect of exchange rate changes on cash	91,510	(7,939)
Net increase (decrease) in cash and cash equivalents	3,175,250	(858,121)
Cash and cash equivalents, beginning of the quarter	2,364,360	2,177,070
Cash and cash equivalents, end of the quarter	5,539,610	1,318,949
Schedule of non-cash investing and financing activities:
Declaration on preferred dividend payable	3,587,121	0
Warrants issued with convertible preferred stock	841,405	0
Deemed dividend on conversion of preferred stock to common stock	703,770	0
Conversion of dividends payable related to make-whole amount to common stock	3,375,792	0
Conversion of Series H preferred stock to common stock	691,768	0
Settlement of severance obligation and sale of Pride	0	970,000
Declaration on preferred dividends payable	0	74,487
Series F-1 Preferred Stock [Member]
Schedule of non-cash investing and financing activities:
Conversion of dividends payable related to make-whole amount to common stock	501,826	0
Convertible Series H-1 [Member]
Financing activities:
Proceeds from issuance of Series H-1 preferred stock and warrants	1,575,000	0
Series G-1 Preferred Stock [Member]
Schedule of non-cash investing and financing activities:
Conversion of dividends payable related to make-whole amount to common stock	158,481	0
Series F And F1 Preferred Stock [Member]
Schedule of non-cash investing and financing activities:
Conversion of Stock, Amount Converted	2,731,984	0
Series G And G1 Preferred Stock [Member]
Schedule of non-cash investing and financing activities:
Conversion of Stock, Amount Converted	1,084,230	0
Series H Preferred Stock [Member]
Schedule of non-cash investing and financing activities:
Conversion of Stock, Amount Converted	1,299,000	0
Pride [Member]
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:
Gain on sale	$ 0	$ (798,896)

BASIS OF PRESENTATION AND LIQUI

BASIS OF PRESENTATION AND LIQUIDITY	3 Months Ended
	Jul. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND LIQUIDITY	NOTE 1 - BASIS OF PRESENTATION AND LIQUIDITY Basis of Presentation The consolidated financial statements include the accounts of WPCS International Incorporated, a Delaware corporation (“WPCS”) and its wholly and majority-owned subsidiaries, (collectively, the “Company”). The Company’s subsidiaries based in the United States (“US”) include, or have included: WPCS International - Suisun City, Inc. (the “Suisun City Operations”), WPCS International - Lakewood, Inc. (the “Lakewood Operations”), WPCS International - Hartford, Inc. (the “Hartford Operations”), WPCS International - Trenton, Inc. (the “Trenton Operations”), WPCS International - Seattle, Inc. (the “Seattle Operations”), WPCS International - Portland, Inc. (the “Portland Operations”) and BTX Trader, LLC (“BTX”). International operations include WPCS Asia Limited, a 60 With the recent divestitures of The Pride Group (QLD) Pty Ltd. (“Pride”), BTX, substantially all of the assets of the Seattle Operations, and the sale of the China Operations (subsequent to July 31, 2015), the Suisun City Operations is the Company’s only remaining continuing operation as of July 31, 2015. As such, the Company intends to dissolve the remaining inactive domestic and international subsidiaries listed above, as soon as it is administratively feasible to do so. Certain reclassifications associated with the discontinued operations of Pride, BTX, and the Seattle Operations have been made to the prior years’ financial information in order to conform to the current year’s presentation. The reclassifications had no impact on previously reported net loss or stockholders’ equity. In addition, as of July 31, 2015, the Company has entered into an Interest Purchase Agreement to sell all of its ownership in its China Operations and therefore has classified all activity related to its China Operations as discontinued operations in these financial statements. (Subsequent to July 31, 2015, the Company completed the sale of the China Operations). The Company specializes in contracting services, with 56 (14 full-time and 42 part-time union) employees in one operation center and currently offers communications infrastructure services through the Suisun City Operations. Liquidity and Capital Resources As of July 31, 2015, the Company had working capital of approximately $ 2,208,000 16,247,000 14,039,000 1,246,000 7,935,000 4,132,000 229,000 1,472,000 Our cash and cash equivalents balance at July 31, 2015 was approximately $ 5,540,000 During the quarter ended July 31, 2015, the Company completed a series of transactions that it believes will provide it with sufficient working capital and equity to operate the next twelve months from the date of filing this report, while it continues its plan to seek growth opportunities, including, but not limited: (i) organic growth to complement and enhance existing operations; (ii) acquisitions; and/or (iii) a viable merger candidate. The transactions included the: (i) elimination of $ 1,703,000 660,000 677,000 1,575,000 1,000,000 These events have provided cash to the Company and eliminated future cash requirements. Along with expected continued operating profits from its Suisun Operations for fiscal year 2016 and lower corporate overhead, these are the primary factors that support the belief that the Company will have adequate liquidity for the next twelve months.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows: All significant intercompany transactions and balances have been eliminated in these consolidated financial statements. Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the US, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. The most significant estimates relate to the calculation of percentage-of-completion on uncompleted contracts, allowance for doubtful accounts, realization of deferred tax assets and valuation of equity instruments. Actual results could differ from these estimates. Accounts receivable are due within contractual payment terms and are stated at amounts due from customers net of an allowance for doubtful accounts. Credit is extended based on evaluation of a customer's financial condition. Accounts outstanding longer than the contractual payment terms are considered past due. The Company determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, the Company's previous loss history, the customer's current ability to pay its obligation to the Company, and the condition of the general economy and the industry as a whole. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance for doubtful accounts. Substantially all of the $ 5,070,000 There were two customers of the Suisun City Operations who comprised 29% and 19% of the Company’s total accounts receivable. 1,193,000 1,119,000 Domestically, the Company generates its revenue by offering low voltage communications infrastructure contracting services. The Company’s contracting services report revenue pursuant to customer contracts that span varying periods of time. The Company reports revenue from contracts when persuasive evidence of an arrangement exists, fees are fixed or determinable, and collection is reasonably assured. The Company records revenue and profit from long-term contracts on a percentage-of-completion basis, measured by the percentage of contract costs incurred to date to the estimated total costs for each contract. Contracts in process are valued at cost plus accrued profits less earned revenues and progress payments on uncompleted contracts. Contract costs include direct materials, direct labor, third party subcontractor services and those indirect costs related to contract performance. Contracts are generally considered substantially complete when engineering is completed and/or site construction is completed. The Company has numerous contracts that are in various stages of completion. Such contracts require estimates to determine the appropriate cost and revenue recognition. Cost estimates are reviewed monthly on a contract-by-contract basis, and are revised periodically throughout the life of the contract such that adjustments to profit resulting from revisions are made cumulative to the date of the revision. Significant management judgments and estimates, including the estimated cost to complete projects, which determines the project’s percent complete, must be made and used in connection with the revenue recognized in the accounting period. Current estimates may be revised as additional information becomes available. If estimates of costs to complete long-term contracts indicate a loss, provision is made currently for the total loss anticipated. The length of the Company’s contracts varies but is typically between three months and two years. Assets and liabilities related to long-term contracts are included in current assets and current liabilities in the accompanying consolidated balance sheets as they will be liquidated in the normal course of contract completion, although this may require more than one year. For the three months ended July 31, 2015, 15 21 The Company also recognizes certain revenue from short-term contracts when the services have been provided to the customer. For maintenance contracts, revenue is recognized ratably over the service period. The fair value of the preferred stock is based on unobservable inputs. Such unobservable inputs include use of the Company’s own data or assumptions such as earnings and discounted cash flow. The Company estimates of the fair value of the preferred stock is based on assumptions that market participants would use in their estimates of fair value. Some of these assumptions include estimates for expected dividends and the fair value of the underlying common stock. Using the Black Sholes pricing model and input for risk free interest rate of .97%, volatility of 180.2 0 301.81 350.43 The issuance of the convertible series H-1 preferred stock generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, to additional paid-in capital, resulting in a discount on the convertible preferred stock. As the convertible preferred stock may be converted immediately, we have recognized the BCF as a deemed dividend in the statement of operations. Fiscal 2017 Accounting Pronouncement Adoptions Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”) that will require management to evaluate whether there are conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the financial statements are issued on both an interim and annual basis. Management will be required to provide certain footnote disclosures if it concludes that substantial doubt exists or when its plans alleviate substantial doubt about the Company’s ability to continue as a going concern. ASU No. 2014-15 becomes effective for us in the first quarter of fiscal 2017. The Company is currently evaluating the impact of ASU 2014-15 on its financial statements. Share-Based Payments with Performance Targets In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period Compensation Stock Compensation Fiscal 2018 Accounting Pronouncement Adoptions Revenue Recognition In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers: Topic There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the Form 10-K for the year ended April 30, 2015.

BASIC AND DILUTED NET LOSS PER

BASIC AND DILUTED NET LOSS PER COMMON SHARE	3 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
BASIC AND DILUTED NET LOSS PER COMMON SHARE	NOTE 3 - BASIC AND DILUTED NET LOSS PER COMMON SHARE Basic and diluted net loss per common share from continuing operations is computed as net loss from continuing operations less non-controlling interest and dividends on preferred stock, divided by the weighted average number of common shares outstanding for the period. Diluted net loss per common share reflects the potential dilution that could occur from common stock issuable through the exercise of stock options and warrants and note conversions. For the three months ended July 31, 2015 2014 Numerator: Loss from continuing operations attributable to WPCS common shareholders $ (4,206,760) $ (2,721,987) Income from discontinued operations, basic and diluted 24,756 409,802 Net loss attributable to WPCS common shareholders, basic and diluted $ (4,182,004) $ (2,312,185) Denominator: Basic and diluted weighted average shares outstanding 1,470,248 632,417 Basic and diluted loss from continuing operations per common share $ (2.86) $ (4.30) Basic and diluted income from discontinued operations per common share 0.02 0.64 Basic and diluted loss per common share $ (2.84) $ (3.66) As of July 31, 2015 2014 Common stock equivalents: Stock options 40,682 3,600 Series E preferred stock - 31,662 Series F-1 preferred stock 84,455 - Series G-1 preferred stock 118,349 - Series H and H-1 preferred stock 1,247,500 - Make-whole on preferred series F-1 and G-1 shares 55,718 - Conversion of senior secured convertible notes - 1,643,950 Stock warrants 1,295,269 171,582 Totals 2,841,973 1,850,794

COSTS AND ESTIMATED EARNINGS ON

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS	3 Months Ended
	Jul. 31, 2015
Contractors [Abstract]
COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS	NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS The asset, “Costs and estimated earnings in excess of billings on uncompleted contracts”, represents revenue recognized in excess of amounts billed. The liability, “Billings in excess of costs and estimated earnings on uncompleted contracts”, represents billings in excess of revenue recognized. July 31, 2015 April 30, 2015 Costs incurred on uncompleted contracts $ 32,181,891 $ 32,008,307 Estimated contract earnings 5,891,992 6,031,338 38,073,883 38,039,645 Less: Billings to date 39,021,941 38,965,672 Total $ (948,058) $ (926,027) Costs and estimated earnings in excess of billings on uncompleted contracts $ 523,758 $ 420,434 Billings in excess of cost and estimated earnings on uncompleted contracts 1,471,816 1,346,461 Total $ (948,058) $ (926,027) Revisions in the estimated gross profits on contracts and contract amounts are made in the period in which circumstances requiring the revisions become known. Although management believes it has established adequate procedures for estimating costs to complete on open contracts, it is at least reasonably possible that additional significant costs could occur on contracts prior to completion. Although management believes it has established adequate procedures for estimating costs to complete open contracts, additional costs could occur on contracts prior to completion.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Jul. 31, 2015
Discontinued Operations
DISCONTINUED OPERATIONS	NOTE 5 - DISCONTINUED OPERATIONS The Company previously disclosed the details regarding the sales of Pride, BTX, and substantially all the assets of its Seattle operations in its Form 10-K filed for the year ended April 30, 2015. China Operations On June 3, 2015, the Company entered into an Interest Purchase Agreement (the “Purchase Agreement”) with Halcyon Coast Investment (Canada) Ltd. (“HCI”) to sell its 60 1,500,000 The Company records the revenue and profit from short-term contracts from its China Operations under the completed contract method, whereas income is recognized only when a contract is completed or substantially completed. Accordingly, during the period of performance, billings and deferred contract costs are accumulated on the consolidated balance sheets as deferred contract costs and deferred revenue. The Company’s accounting policy is based on the short-term nature of the work performed. Deferred contract costs include equipment lease deposits to the third party vendors of approximately $ 656,000 969,000 Since the Transaction closed on August 14, 2015, the Company has determined that the activity of the China Operations should be classified as discontinued operations for the quarters ended July 31, 2015 and 2014. In addition, during the year ended April 30, 2015, the Company had completed the sales of Pride, BTX, and substantially all of the assets of the Seattle Operations. As a result, the Company has reported the financial activity of Pride, BTX and Seattle as discontinued operations for the quarter ended July 31, 2014. For the three months ended July 31, 2015 2014 Revenue $ 839,969 $ 3,976,501 Costs and expenses: Cost of revenue 546,296 2,843,586 Selling, general and administrative expenses 111,324 1,018,449 Depreciation and amortization 80,971 476,246 738,591 4,338,281 Operating income (loss) from discontinued operations 101,378 (361,780) Interest expense 49,234 66,919 Income (loss) from discontinued operations before income tax provision 52,144 (428,699) Income tax provision 10,883 9,415 Income (loss) from discontinued operations, net of tax 41,261 (438,114) Gain from disposal - 798,896 Total income from discontinued operations $ 41,261 $ 360,782 July 31, April 30, Assets Current assets: Accounts receivable, net of allowance $ 4,475,826 $ 4,264,451 Prepaid expenses and other current assets 162,780 34,800 Deferred contract cost 399,353 267,000 Total current assets held for sale 5,037,959 4,566,251 Property and equipment, net 964,211 963,119 Other assets 14,000 14,000 Total other assets held for sale 978,211 977,119 Total assets held for sale $ 6,016,170 $ 5,543,370 Liabilities Accounts payable and accrued expenses $ 1,422,226 $ 1,700,943 Due to related party 3,291,862 785,684 Short term bank loan 3,221,400 3,224,180 Total current liabilities held for sale 7,935,488 5,710,807 Total liabilities held for sale $ 7,935,488 $ 5,710,807 Short-Term Bank Loan As of July 31, 2015 and April 30, 2015, the China Operations had a short-term bank loan of $ 3,221,000 Due Related Party As of July 31, 2015 and April 30, 2015, the China Operations had outstanding payables, representing interest accrued on working capital loans and cash provided for the purpose of retiring the short term bank loan in the amounts of $ 3,292,000 786,000 The China Operations earned revenue for contracting services provided to TGG (noncontrolling interest in China Operations) and subsidiaries of $ 212,000 706,000 0 0 Noncontrolling Interest The Company presents the 40 July 31, 2015 Balance at April 30, 2015 $ 560,915 Net income attributable to noncontrolling interest 16,505 Other comprehensive loss attributable to noncontrolling interest (431) Balance at July 31, 2015 $ 576,989

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jul. 31, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 6 - STOCKHOLDERS’ EQUITY Common Shares During the quarter ended July 31, 2015, the Company issued 1,217,989 Preferred Shares Series H Preferred Stock On June 30, 2015, the Company entered into Amendment, Waiver and Exchange Agreements (the “Exchange Agreements”) with certain of its promissory note holders, who held $ 1,299,000 8,435 0.0001 8,435 100 1.54 The Company is prohibited from effecting the conversion of the Series H Preferred Stock to the extent that, as a result of such conversion, the holder beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of the Company’s Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the conversion of the Series H Preferred Stock. Series H-1 Preferred Stock Between July 14 and July 20, 2015, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with four Investors pursuant to which the Company issued to the Investors an aggregate of 8,532 0.0001 1,279,759 0.0001 1.63 1.66 163 166 0.1250 1,575,000 The Company has determined that the Warrants qualify for accounting as equity instruments rather than as liabilities. On the issuance date, the Company estimated the fair value of the Warrants at $ 1,649,000 5.0 103 1.7 0 841,000 1,575,000 The Company determined there to be a beneficial conversion feature (“BCF”) requiring recognition at its intrinsic value. Since the conversion option of the preferred stock was immediately exercisable, the amount allocated to the BCF was immediately accreted to preferred dividends, resulting in an increase in the carrying value of the preferred stock. On July 14 and July 20, 2015, the Company recorded total deemed dividend of $ 704,000 Each share of Series H-1 Preferred Stock has a stated value of $ 166 1.66 The Company is prohibited from effecting the conversion of the Series H-1 Preferred Stock to the extent that, as a result of such conversion, the holder or any of its affiliates beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of the Company’s Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the conversion of the Series H-1 Preferred Stock. Common Stock Warrants Weighted Weighted Average Average Number of Exercise Remaining Warrants Price Life in years Outstanding, April 30, 2015 15,510 $ 7.25 3.76 Warrants issued in connection with Series H-1 preferred stock for cash 1,279,759 1.66 5.0 Outstanding, July 31, 2015 1,295,269 1.73 4.99

BANK LINE OF CREDIT

BANK LINE OF CREDIT	3 Months Ended
	Jul. 31, 2015
Line of Credit Facility [Abstract]
Bank Line Of Credit [Text Block]	NOTE 7 – BANK LINE OF CREDIT On May 20, 2015, the Company entered into an asset-based revolving credit line agreement with a California-based bank, which provides a $ 1,000,000 May 20, 2016 2

SHORT-TERM PROMISSORY NOTES

SHORT-TERM PROMISSORY NOTES	3 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 8 – SHORT-TERM PROMISSORY NOTES As of April 30,2015 the Company had $ 1,703,000 On June 30, 2015, the Company entered into Amendment, Waiver and Exchange Agreements with certain of its promissory note holders, who held $ 1,299,000 8,435 4,000 In addition, on June 30, 2015, the Company and the shareholder plaintiff entered into a settlement (the “Settlement”) with the two remaining defendants (the “Defendants”) in a case pending in the United States District Court for the Southern District of New York to resolve claims under Section 16 of the Securities Exchange Act of 1934. Under the terms of the Settlement, the Defendants agreed to the following: (i) payment of $ 315,0000 400,000 405,000 The following is a summary of promissory notes as of July 31, 2015: July 31, 2015 Balance at April 30, 2015 $ 1,703,000 Repayments of short term convertible note (4,000) Section 16 settlement (400,000) Conversion of short term convertible notes to Series H preferred stock (1,299,000) Balance at July 31, 2015 -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS Common Stock Issuances upon Conversion of Preferred Stock From August 1, 2015 to September 11, 2015, the Company issued 229,937 0.0001 Sale of China Operations On June 3, 2015, the Company entered into an Interest Purchase Agreement with to sell TAGS in an "as-is", all-cash transaction, for a total purchase price of $ 1,500,000 150,000 1,350,000 100,000 100,000

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation All significant intercompany transactions and balances have been eliminated in these consolidated financial statements.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with accounting principles generally accepted in the US, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenue and expenses during the reporting period. The most significant estimates relate to the calculation of percentage-of-completion on uncompleted contracts, allowance for doubtful accounts, realization of deferred tax assets and valuation of equity instruments. Actual results could differ from these estimates.
Accounts Receivable	Accounts Receivable Accounts receivable are due within contractual payment terms and are stated at amounts due from customers net of an allowance for doubtful accounts. Credit is extended based on evaluation of a customer's financial condition. Accounts outstanding longer than the contractual payment terms are considered past due. The Company determines its allowance by considering a number of factors, including the length of time trade accounts receivable are past due, the Company's previous loss history, the customer's current ability to pay its obligation to the Company, and the condition of the general economy and the industry as a whole. The Company writes off accounts receivable when they become uncollectible, and payments subsequently received on such receivables are credited to the allowance for doubtful accounts. Substantially all of the $ 5,070,000 There were two customers of the Suisun City Operations who comprised 29% and 19% of the Company’s total accounts receivable. 1,193,000 1,119,000
Revenue Recognition	Revenue Recognition Domestically, the Company generates its revenue by offering low voltage communications infrastructure contracting services. The Company’s contracting services report revenue pursuant to customer contracts that span varying periods of time. The Company reports revenue from contracts when persuasive evidence of an arrangement exists, fees are fixed or determinable, and collection is reasonably assured. The Company records revenue and profit from long-term contracts on a percentage-of-completion basis, measured by the percentage of contract costs incurred to date to the estimated total costs for each contract. Contracts in process are valued at cost plus accrued profits less earned revenues and progress payments on uncompleted contracts. Contract costs include direct materials, direct labor, third party subcontractor services and those indirect costs related to contract performance. Contracts are generally considered substantially complete when engineering is completed and/or site construction is completed. The Company has numerous contracts that are in various stages of completion. Such contracts require estimates to determine the appropriate cost and revenue recognition. Cost estimates are reviewed monthly on a contract-by-contract basis, and are revised periodically throughout the life of the contract such that adjustments to profit resulting from revisions are made cumulative to the date of the revision. Significant management judgments and estimates, including the estimated cost to complete projects, which determines the project’s percent complete, must be made and used in connection with the revenue recognized in the accounting period. Current estimates may be revised as additional information becomes available. If estimates of costs to complete long-term contracts indicate a loss, provision is made currently for the total loss anticipated. The length of the Company’s contracts varies but is typically between three months and two years. Assets and liabilities related to long-term contracts are included in current assets and current liabilities in the accompanying consolidated balance sheets as they will be liquidated in the normal course of contract completion, although this may require more than one year. For the three months ended July 31, 2015, 15 21 The Company also recognizes certain revenue from short-term contracts when the services have been provided to the customer. For maintenance contracts, revenue is recognized ratably over the service period.
Fair Value of Series F, Series F-1, Series G and Series G-1 Preferred Stock	The fair value of the preferred stock is based on unobservable inputs. Such unobservable inputs include use of the Company’s own data or assumptions such as earnings and discounted cash flow. The Company estimates of the fair value of the preferred stock is based on assumptions that market participants would use in their estimates of fair value. Some of these assumptions include estimates for expected dividends and the fair value of the underlying common stock. Using the Black Sholes pricing model and input for risk free interest rate of .97%, volatility of 180.2 0 301.81 350.43
Beneficial conversion feature of Series H-1 Preferred Stock	Beneficial conversion feature of Series H-1 Preferred Stock The issuance of the convertible series H-1 preferred stock generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, to additional paid-in capital, resulting in a discount on the convertible preferred stock. As the convertible preferred stock may be converted immediately, we have recognized the BCF as a deemed dividend in the statement of operations.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Fiscal 2017 Accounting Pronouncement Adoptions Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”) that will require management to evaluate whether there are conditions and events that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the financial statements are issued on both an interim and annual basis. Management will be required to provide certain footnote disclosures if it concludes that substantial doubt exists or when its plans alleviate substantial doubt about the Company’s ability to continue as a going concern. ASU No. 2014-15 becomes effective for us in the first quarter of fiscal 2017. The Company is currently evaluating the impact of ASU 2014-15 on its financial statements. Share-Based Payments with Performance Targets In June 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period Compensation Stock Compensation Fiscal 2018 Accounting Pronouncement Adoptions Revenue Recognition In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers: Topic
Significant Accounting Policies	Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies to those previously disclosed in the Form 10-K for the year ended April 30, 2015.

BASIC AND DILUTED NET LOSS PE18

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Tables)	3 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Diluted net loss per common share reflects the potential dilution that could occur from common stock issuable through the exercise of stock options and warrants and note conversions. For the three months ended July 31, 2015 2014 Numerator: Loss from continuing operations attributable to WPCS common shareholders $ (4,206,760) $ (2,721,987) Income from discontinued operations, basic and diluted 24,756 409,802 Net loss attributable to WPCS common shareholders, basic and diluted $ (4,182,004) $ (2,312,185) Denominator: Basic and diluted weighted average shares outstanding 1,470,248 632,417 Basic and diluted loss from continuing operations per common share $ (2.86) $ (4.30) Basic and diluted income from discontinued operations per common share 0.02 0.64 Basic and diluted loss per common share $ (2.84) $ (3.66)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following were excluded from the computation of diluted shares outstanding due to the losses from continuing operations for the three months ended July 31, 2015 and 2014, as they would have had an anti-dilutive impact on the Company’s net loss. As of July 31, 2015 2014 Common stock equivalents: Stock options 40,682 3,600 Series E preferred stock - 31,662 Series F-1 preferred stock 84,455 - Series G-1 preferred stock 118,349 - Series H and H-1 preferred stock 1,247,500 - Make-whole on preferred series F-1 and G-1 shares 55,718 - Conversion of senior secured convertible notes - 1,643,950 Stock warrants 1,295,269 171,582 Totals 2,841,973 1,850,794

COSTS AND ESTIMATED EARNINGS 19

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)	3 Months Ended
	Jul. 31, 2015
Contractors [Abstract]
Schedule of Costs and Estimated Earnings on Uncompleted Contracts	Costs and estimated earnings on uncompleted contracts consist of the following at July 31, 2015 and April 30, 2015: July 31, 2015 April 30, 2015 Costs incurred on uncompleted contracts $ 32,181,891 $ 32,008,307 Estimated contract earnings 5,891,992 6,031,338 38,073,883 38,039,645 Less: Billings to date 39,021,941 38,965,672 Total $ (948,058) $ (926,027) Costs and estimated earnings in excess of billings on uncompleted contracts $ 523,758 $ 420,434 Billings in excess of cost and estimated earnings on uncompleted contracts 1,471,816 1,346,461 Total $ (948,058) $ (926,027)

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Jul. 31, 2015
Discontinued Operations
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement	The following is a summary of the operating results for the discontinued operations as follows: For the three months ended July 31, 2015 2014 Revenue $ 839,969 $ 3,976,501 Costs and expenses: Cost of revenue 546,296 2,843,586 Selling, general and administrative expenses 111,324 1,018,449 Depreciation and amortization 80,971 476,246 738,591 4,338,281 Operating income (loss) from discontinued operations 101,378 (361,780) Interest expense 49,234 66,919 Income (loss) from discontinued operations before income tax provision 52,144 (428,699) Income tax provision 10,883 9,415 Income (loss) from discontinued operations, net of tax 41,261 (438,114) Gain from disposal - 798,896 Total income from discontinued operations $ 41,261 $ 360,782
Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet	The following table summarizes assets and liabilities held for sale for the Seattle and China Operations as of July 31, 2015 and April 30, 2015: July 31, April 30, Assets Current assets: Accounts receivable, net of allowance $ 4,475,826 $ 4,264,451 Prepaid expenses and other current assets 162,780 34,800 Deferred contract cost 399,353 267,000 Total current assets held for sale 5,037,959 4,566,251 Property and equipment, net 964,211 963,119 Other assets 14,000 14,000 Total other assets held for sale 978,211 977,119 Total assets held for sale $ 6,016,170 $ 5,543,370 Liabilities Accounts payable and accrued expenses $ 1,422,226 $ 1,700,943 Due to related party 3,291,862 785,684 Short term bank loan 3,221,400 3,224,180 Total current liabilities held for sale 7,935,488 5,710,807 Total liabilities held for sale $ 7,935,488 $ 5,710,807
Schedule of Noncontrolling	Noncontrolling interest for the three months ended July 31, 2015 consists of the following: July 31, 2015 Balance at April 30, 2015 $ 560,915 Net income attributable to noncontrolling interest 16,505 Other comprehensive loss attributable to noncontrolling interest (431) Balance at July 31, 2015 $ 576,989

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Jul. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule Of Common Stock Warrant Activity	The following is a summary of the common stock warrant activity for the three months ended July 31, 2015: Weighted Weighted Average Average Number of Exercise Remaining Warrants Price Life in years Outstanding, April 30, 2015 15,510 $ 7.25 3.76 Warrants issued in connection with Series H-1 preferred stock for cash 1,279,759 1.66 5.0 Outstanding, July 31, 2015 1,295,269 1.73 4.99

SHORT-TERM PROMISSORY NOTES (Ta

SHORT-TERM PROMISSORY NOTES (Tables)	3 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	The following is a summary of promissory notes as of July 31, 2015: July 31, 2015 Balance at April 30, 2015 $ 1,703,000 Repayments of short term convertible note (4,000) Section 16 settlement (400,000) Conversion of short term convertible notes to Series H preferred stock (1,299,000) Balance at July 31, 2015 -

BASIS OF PRESENTATION AND LIQ23

BASIS OF PRESENTATION AND LIQUIDITY (Details Textual) - Range [Domain] - Class Of Stock [Domain] - USD ($)	3 Months Ended
	Jul. 31, 2015	Apr. 30, 2015	Jul. 31, 2014	Apr. 30, 2014
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Assets, Current, Total	$ 16,246,587	$ 14,005,704
Liabilities, Current, Total	14,038,647	15,252,018
Working Capital Deficiency	$ 2,208,000	1,246,000
Percentage Of International Operation	60.00%
Accounts Payable and Accrued Liabilities, Current, Total	$ 4,131,620	5,409,361
Dividends Payable, Current	228,568	677,546
Cash and Cash Equivalents, at Carrying Value, Total	5,539,610	2,364,360	$ 1,318,949	$ 2,177,070
Common Stock, Value, Issued	220	$ 98
Purchase Price	1,575,000
Billings In Excess Of Costa And Estimated Earnings	1,472,000
China Operations [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Liabilities, Current, Total	7,935,000
Suisun Operation [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Long-term Line of Credit	1,000,000
Dividend Payable [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Common Stock, Value, Issued	660,000
Short Term Promissory Notes [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Debt Instrument, Remaining Debt	$ 1,703,000

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - Equity Component [Domain] - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contract Receivable Retainage	$ 1,193,000		$ 1,119,000
Accounts Receivable, Net	$ 5,070,000
Contract Receivable Retainage, Description	There were two customers of the Suisun City Operations who comprised 29% and 19% of the Companys total accounts receivable.
Fair Value Assumptions, Risk Free Interest Rate	0.97%
Fair Value Assumptions, Expected Volatility Rate	180.20%
Fair Value Assumptions, Expected Dividend Payments	$ 0
Customer One [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage Of Revenue	15.00%
Customer Two [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage Of Revenue	21.00%
Customer Three [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Percentage Of Revenue		51.00%
Convertible Series F and F-1 Preferred Stock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Share Price	$ 301.81
Convertible Series G and G-1 Preferred Stock [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Share Price	$ 350.43

BASIC AND DILUTED NET LOSS PE25

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Details) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Numerator:
Loss from continuing operations attributable to WPCS common shareholders	$ (4,206,760)	$ (2,721,987)
Income from discontinued operations, basic and diluted	41,261	360,782
Net loss attributable to WPCS common shareholders, basice and diluted	$ (4,182,004)	$ (2,312,185)
Denominator:
Basic and diluted weighted average shares outstanding	1,470,248	632,417
Basic and diluted loss from continuing operations per common share	$ (2.86)	$ (4.3)
Basic and diluted income from discontinued operations per common share	0.02	0.64
Basic and diluted loss per common share	$ (2.84)	$ (3.66)

BASIC AND DILUTED NET LOSS PE26

BASIC AND DILUTED NET LOSS PER COMMON SHARE (Details 1) - shares	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,841,973	1,850,794
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	40,682	3,600
Conversion of senior secured convertible notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	1,643,950
Make-whole on preferred series F-1 and G-1 shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	55,718	0
Stock warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,295,269	171,582
Series F and F1 Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	84,455	0
Series G and G1 Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	118,349	0
Series E preferred stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	31,662
Series H and H1 Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,247,500	0

COSTS AND ESTIMATED EARNINGS 27

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Details) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Costs incurred on uncompleted contracts	$ 32,181,891	$ 32,008,307
Estimated contract earnings	5,891,992	6,031,338
Gross Total	38,073,883	38,039,645
Less: Billings to date	39,021,941	38,965,672
Total	(948,058)	(926,027)
Costs and estimated earnings in excess of billings on uncompleted contracts	523,758	420,434
Billings in excess of costs and estimated earnings on uncompleted contracts	1,471,816	1,346,461
Total	$ (948,058)	$ (926,027)

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Revenue	$ 839,969	$ 3,976,501
Costs and expenses:
Cost of revenue	546,296	2,843,586
Selling, general and administrative expenses	111,324	1,018,449
Depreciation and amortization	80,971	476,246
Disposal Group, Including Discontinued Operation, Operating Expense	738,591	4,338,281
Operating income (loss) from discontinued operations	101,378	(361,780)
Interest expense	49,234	66,919
Income (loss) from discontinued operations before income tax provision	52,144	(428,699)
Income tax provision	10,883	9,415
Income (loss) from discontinued operations, net of tax	41,261	(438,114)
Gain from disposal	0	798,896
Total income from discontinued operations	$ 41,261	$ 360,782

DISCONTINUED OPERATIONS (Deta29

DISCONTINUED OPERATIONS (Details 1) - USD ($)	Jul. 31, 2015	Apr. 30, 2015
Current assets:
Accounts receivable, net of allowance	$ 4,475,826	$ 4,264,451
Prepaid expenses and other current assets	162,780	34,800
Deferred contract cost	399,353	267,000
Total current assets held for sale	5,037,959	4,566,251
Property and equipment, net	964,211	963,119
Other assets	14,000	14,000
Total other assets held for sale	978,211	977,119
Total assets held for sale	6,016,170	5,543,370
Liabilities
Accounts payable and accrued expenses	1,422,226	1,700,943
Due to related party	3,291,862	785,684
Short term bank loan	3,221,400	3,224,180
Total current liabilities held for sale	7,935,488	5,710,807
Total liabilities held for sale	$ 7,935,488	$ 5,710,807

DISCONTINUED OPERATIONS (Deta30

DISCONTINUED OPERATIONS (Details 2) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Balance, beginning of period	$ 560,915
Net income attributable to noncontrolling interest	16,505	$ (49,020)
Other comprehensive loss attributable to noncontrolling interest	(431)
Balance, end of period	$ 576,989

DISCONTINUED OPERATIONS (Deta31

DISCONTINUED OPERATIONS (Details Textual) - USD ($)	Jul. 31, 2015	Jun. 03, 2015	Apr. 30, 2015	Jul. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Short term bank loan	$ 3,221,400		$ 3,224,180
Security Deposit	$ 656,000		969,000
China Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage	40.00%
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current	$ 3,292,000		786,000
Disposal Group, Including Discontinued Operation, Deferred Revenue, Current	212,000			$ 706,000
Disposal Group Including Discontinued Operation Accounts Receivable Due From Related party	$ 0		$ 0
China Operations [Member] | Halcyon Coast Investment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity Method Investment, Ownership Percentage		60.00%
Discontinued Operation Sale Price		$ 1,500,000

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - $ / shares	3 Months Ended	12 Months Ended
	Jul. 31, 2015	Apr. 30, 2015
Class of Stock [Line Items]
Number of Warrants, Outstanding Beginning Balance	15,510
Number Of Warrants, Warrants issued in connection with Series H-1 preferred stock for cash	1,279,759
Number of Warrants, Outstanding Ending Balance	1,295,269	15,510
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 7.25
Weighted Average Exercise Price, Warrants issued in connection with Series H-1 preferred stock for cash	1.66
Weighted Average Exercise Price, Outstanding Ending Balance	$ 1.73	$ 7.25
Weighted Average Remaining Life in years, Contractual Term	4 years 11 months 26 days	3 years 9 months 4 days
Weighted Average Remaining Life In Years, Contractual Term	5 years

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)	Jul. 20, 2015	Jul. 14, 2014	Jun. 30, 2015	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Par or Stated Value Per Share				$ 0.0001		$ 0.0001
Convertible Preferred Stock, Terms of Conversion				The Company is prohibited from effecting the conversion of the Series H Preferred Stock to the extent that, as a result of such conversion, the holder beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of the Companys Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the conversion of the Series H Preferred Stock.
Purchase Price				$ 1,575,000
Fair Value Of Warrants				$ 1,649,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate				103.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate				1.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate				0.00%
Proceeds from Issuance of Warrants				$ 1,575,000
Other Preferred Stock Dividends and Adjustments				$ 703,770	$ 0
Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,279,759
Purchase Price	$ 1,575,000
promissory notes [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unsecured Debt, Current			$ 1,299,000
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Conversion of Units				1,217,989
Common Stock [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 0.1250
Minimum [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1.63
Maximum [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1.66
Series H Preferred Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues				8,435
Convertible Preferred Stock, Shares Issued upon Conversion				100
Convertible Preferred Stock, Conversion Price				$ 1.54
Series H Preferred Stock [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Conversion of Units				449,200
Series H Convertible Preferred Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues			8,435
Preferred Stock, Par or Stated Value Per Share			$ 0.0001
Series H-1 Preferred Convertible Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Par or Stated Value Per Share				$ 166
Convertible Preferred Stock, Terms of Conversion				The Company is prohibited from effecting the conversion of the Series H-1 Preferred Stock to the extent that, as a result of such conversion, the holder or any of its affiliates beneficially owns more than 9.99%, in the aggregate, of the issued and outstanding shares of the Companys Common Stock calculated immediately after giving effect to the issuance of shares of Common Stock upon the conversion of the Series H-1 Preferred Stock.
Convertible Preferred Stock, Conversion Price				$ 1.66
Fair Value Of Convertible Preferred Stock				$ 841,000
Other Preferred Stock Dividends and Adjustments	$ 704,000	$ 704,000
Series H-1 Preferred Convertible Stock [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 0.0001
Number Shares To Be Issued	8,532
Series H-1 Preferred Convertible Stock [Member] | Minimum [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase Price	$ 163
Series H-1 Preferred Convertible Stock [Member] | Maximum [Member] | Securities Purchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase Price	$ 166

BANK LINE OF CREDIT (Details Te

BANK LINE OF CREDIT (Details Textual) - 1 months ended May. 20, 2015 - Revolving Credit Facility [Member] - USD ($)	Total
Line of Credit Facility [Line Items]
Proceeds from Lines of Credit	$ 1,000,000
Line of Credit Facility, Initiation Date	May 20, 2015
Line of Credit Facility, Interest Rate During Period	2.00%
Line of Credit Facility, Expiration Date	May 20, 2016

SHORT-TERM PROMISSORY NOTES (De

SHORT-TERM PROMISSORY NOTES (Details) - Series H Preferred Stock [Member] - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Short-term Debt [Line Items]
Balance at April 30, 2015		$ 1,703,000
Repayments of short term convertible note		(4,000)
Section 16 settlement		(400,000)
Conversion of short term convertible notes to Series H preferred stock	$ 1,299,000	(1,299,000)
Balance at July 31, 2015		$ 0

SHORT-TERM PROMISSORY NOTES (36

SHORT-TERM PROMISSORY NOTES (Details Textual) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2015	Jul. 31, 2015	Apr. 30, 2015
Short-term Debt [Line Items]
Litigation Settlement, Expense		$ 3,150,000
Line of Credit Facility, Decrease, Forgiveness		400,000
Loss Contingency, Estimate of Possible Loss		405,000
Series H Preferred Stock [Member]
Short-term Debt [Line Items]
Short-term Debt		0	$ 1,703,000
Short Term Debt In Principal Amount	$ 1,299,000	$ (1,299,000)
Stock Issued During Period, Shares, New Issues		8,435
Payments for Repurchase of Convertible Preferred Stock		$ (4,000)

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Class Of Stock [Domain] - Subsequent Event [Member] - USD ($)	Jun. 03, 2015	Sep. 11, 2015
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross	$ 1,350,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total	1,500,000
Refundable Deposit [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross	150,000
Brokers Fee [Member]
Subsequent Event [Line Items]
Other Payments to Acquire Businesses	100,000
Escrow Deposit [Member]
Subsequent Event [Line Items]
Other Payments to Acquire Businesses	$ 100,000
Common Stock [Member]
Subsequent Event [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion		229,937
Shares Issued, Price Per Share		$ 0.0001