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 ($)
 9 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Cash flows from operating activities:    
Net loss $ (5,533,373) $ (3,288,663)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 201,576 72,950
Stock issued for compensation 488,290 191,680
Stock based compensation - options 766,382 456,002
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 65,405 88,828
Increase (decrease) in accounts payable (60,008) 98,991
Increase (decrease) in accrued expenses 66,916 (8,363)
Increase in binding term sheet obligation 300,000 0
Decrease in license agreement obligation 0 (150,000)
Net cash used in operating activities (3,704,812) (2,538,575)
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 3,080,883
Net cash provided by financing activities 1,751,409 3,080,883
Effect of currency rate exchange on cash (2,979) 1,138
Net increase (decrease) in cash (1,956,382) 543,446
Cash at beginning of the period 3,464,229 1,920,825
Cash at end of the period 1,507,847 2,464,271
Supplementary disclosures of cash flows information:    
Cash paid during the period for interest $ 0 $ 1,056