11. SUBSEQUENT EVENTS |
6 Months Ended |
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Oct. 31, 2018 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 11 – SUBSEQUENT EVENTS
From November 1, 2018 through December 14, 2018, the Company sold 45,454,545 shares of common stock using the Second S-3 structured as a Block Trade. The issuance of these shares resulted in gross proceeds to the Company of approximately $500,000. Pursuant to the financial advisory, offering and at the market offering letter agreement with Aeon Capital, Inc. (“Aeon”), the Company is required to pay Aeon a fee of 7%, which equals $35,000 and provide warrant coverage of 5% of the number of shares of common stock sold in the Block Trade with a five-year term of approximately 2.3 million warrant shares. |