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 ($)
 6 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,502,713) $ (2,006,517)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 106,699 38,500
Stock issued for compensation 343,200 143,760
Stock based compensation - options 489,796 340,236
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 44,244 59,396
Decrease in accounts payable (54,791) (35,113)
Increase (decrease) in accrued expenses 41,505 (3,536)
Decrease in license agreement obligation 0 (150,000)
Net cash used in operating activities (2,532,060) (1,613,274)
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 1,243,221
Net cash provided by financing activities 1,751,409 1,243,221
Effect of currency rate exchange on cash (1,471) 838
Net decrease in cash (782,122) (369,215)
Cash at beginning of the period 3,464,229 1,920,825
Cash at end of the period 2,682,107 1,551,610
Supplementary disclosures of cash flows information:    
Cash paid during the period for interest $ 0 $ 925