Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Cash flows from operating activities:    
Net loss $ (4,067,228) $ (6,828,841)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 316,539 309,881
Stock issued for compensation 293,329 580,360
Stock based compensation - options 412,349 945,078
Change in operating assets and liabilities:    
Increase in prepaid expenses and other current assets 85,916 (149,793)
Increase / (decrease) in accounts payable (230,736) (12,979)
Increase / (decrease) in accrued expenses 311,919 76,899
Net cash used in operating activities (2,877,912) (5,079,395)
Cash flows from investing activities:    
Net cash used in investing activities 0 0
Cash flows from financing activities:    
Proceeds from sale of common stock, net of issuance costs 2,342,500 2,681,409
Net cash provided by financing activities 2,342,500 2,681,409
Effect of currency rate exchange on cash (9,133) (6,445)
Net increase (decrease) in cash (544,545) (2,404,431)
Cash at beginning of the year 1,059,798 3,464,229
Cash at end of the year 515,253 1,059,798
Supplemental disclosures of cash flows information:    
Cash paid during the years for taxes 800 800
Supplemental schedule of noncash investing and financing activity:    
Issuance costs for shares issued $ 17,500 $ 0