Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities:    
Net loss $ (2,928,284) $ (5,533,373)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 140,884 201,576
Stock issued for compensation 245,520 488,290
Stock based compensation - options 282,673 766,382
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 215,583 65,405
Decrease in accounts payable (218,945) (60,008)
Increase in accrued expenses 46,020 66,916
Increase in binding term sheet obligation 0 300,000
Net cash used in operating activities (2,216,549) (3,704,812)
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, net of issuance costs 1,860,000 1,751,409
Net cash provided by financing activities 1,860,000 1,751,409
Effect of currency rate exchange on cash (3,787) (2,979)
Net decrease in cash (360,336) (1,956,382)
Cash at beginning of the period 1,059,798 3,464,229
Cash at end of the period $ 699,462 $ 1,507,847