Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Cash flows from operating activities:    
Net loss $ (2,005,164) $ (1,834,136)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 29,331 59,709
Stock issued for compensation 22,110 134,640
Stock-based compensation – options 34,528 128,376
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets (168,666) 47,822
Increase in other assets (316) 0
Decrease in accounts payable (15,222) (105,725)
Decrease in accrued expenses (523,435) (232,139)
Net cash used in operating activities (2,626,834) (1,801,453)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Use of funds for payment of insurance financing loan 0 (75,076)
Proceeds from the issuance of pre-funded warrants 31,669,027 0
Proceeds from sale of common stock, net of issuance costs 55,693,022 4,699,247
Net cash provided by financing activities 87,362,049 4,624,171
Effect of currency rate exchange on cash 1,291 (175)
Net increase in cash 84,736,506 2,822,543
Cash at beginning of the period 2,202,106 894,861
Cash at end of the period 86,938,612 3,717,404
Supplemental disclosure of cash flows information:    
Cash paid during the periods for income taxes 1,600 800
Cash paid during the periods for interest expense $ 509 $ 1,757