Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Cash flows from operating activities:    
Net loss $ (5,648,497)us-gaap_NetIncomeLoss $ (10,324,437)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 297,500us-gaap_StockIssuedDuringPeriodValueIssuedForServices 111,596us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Stock issued for compensation 480,350us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 1,296,348us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
Stock based compensation - options 4,307,822us-gaap_ShareBasedCompensation 0us-gaap_ShareBasedCompensation
Stock based compensation - warrants 100,000us-gaap_AllocatedShareBasedCompensationExpense 0us-gaap_AllocatedShareBasedCompensationExpense
(Gain) loss on recovery of stock issued for services (2,183,331)nvlx_GainOnSettlementOfStockRecoveries 0nvlx_GainOnSettlementOfStockRecoveries
(Gain) loss on settlement of debt   3,973,795us-gaap_GainsLossesOnExtinguishmentOfDebt
(Gain) loss on conversion of preferred stock   5,895,000nvlx_LossOnConversionOfPreferredStock
(Gain) loss on forgiveness of debt 0us-gaap_ExtinguishmentOfDebtGainLossNetOfTax (1,407,459)us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
Change in assets and liabilities:    
(Increase)/decrease in prepaid expenses 445,496us-gaap_IncreaseDecreaseInPrepaidExpense 51,817us-gaap_IncreaseDecreaseInPrepaidExpense
Increase/(decrease) in accounts payable 84,067us-gaap_IncreaseDecreaseInAccountsPayable (8,877)us-gaap_IncreaseDecreaseInAccountsPayable
Increase/(decrease) in accrued expenses (3,052)us-gaap_IncreaseDecreaseInAccruedLiabilities 35,708us-gaap_IncreaseDecreaseInAccruedLiabilities
Increase/(decrease) in accrued interest, related party (33,960)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 9,740us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net cash used in operating activities (2,153,606)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (366,769)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of license and patents (250,000)us-gaap_PaymentsToAcquireIntangibleAssets (2,500,000)us-gaap_PaymentsToAcquireIntangibleAssets
Payments towards acquisition 0us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates (51,215)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Net cash used in investing activities (250,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (2,551,215)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Proceeds from the sale of common stock 86,000us-gaap_ProceedsFromIssuanceOfCommonStock 3,060,000us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from borrowings, related party 0us-gaap_ProceedsFromRelatedPartyDebt 77,869us-gaap_ProceedsFromRelatedPartyDebt
Repayment of debt, related party (143,859)us-gaap_RepaymentsOfRelatedPartyDebt (22,594)us-gaap_RepaymentsOfRelatedPartyDebt
Net cash (used) provided by financing activities (57,859)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 3,115,275us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (2,461,465)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 197,291us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 3,616,470us-gaap_CashAndCashEquivalentsAtCarryingValue 199,303us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 1,155,005us-gaap_CashAndCashEquivalentsAtCarryingValue 396,594us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplementary non-cash disclosures:    
Cash paid for interest 0us-gaap_InterestPaid 0us-gaap_InterestPaid
Cash paid during the period for taxes 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Non Cash Investing and Financing Activities    
Common stock issued in settlement of debt 0nvlx_CommonStockIssuedInSettlementOfDebt 482,261nvlx_CommonStockIssuedInSettlementOfDebt
Return of common stock $ 1,258,407us-gaap_StockRepurchasedAndRetiredDuringPeriodValue $ 0us-gaap_StockRepurchasedAndRetiredDuringPeriodValue