Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Cash flows from operating activities:    
Net loss $ (1,688,415) $ (1,031,966)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 28,032 8,550
Stock issued for compensation 171,600 71,880
Stock based compensation - options 244,701 170,113
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 23,082 55,674
Increase (decrease) in accounts payable 262,584 (24,382)
Increase (decrease) in accrued expenses 22,849 (6,797)
Decrease in license agreement obligation 0 (150,000)
Net cash used in operating activities (935,567) (906,928)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Proceeds from sale of common stock 1,751,409 1,325,471
Net cash provided by financing activities 1,751,409 1,325,471
Effect of currency rate exchange on cash (1,718) 448
Net increase in cash 814,124 418,991
Cash at beginning of the period 3,464,229 1,920,825
Cash at end of the period 4,278,353 2,339,816
Supplementary disclosures of cash flows information:    
Cash paid during the year for interest $ 0 $ 569