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 ($)
9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities:    
Net loss $ (2,816,454) $ (2,591,232)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 31,773 65,117
Stock issued for compensation 30,396 183,206
Stock-based compensation – options 41,893 166,982
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets (100,970) 101,075
Increase in other assets (316) 0
Decrease in accounts payable (79,399) (106,682)
Decrease in accrued expenses (32,402) (209,052)
Net cash used in operating activities (2,925,479) (2,390,586)
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 (113,245)
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 4,586,002
Effect of currency rate exchange on cash and cash equivalents 1,081 694
Net increase in cash and equivalents 84,437,651 2,196,110
Cash and cash equivalents at beginning of the periods 2,202,106 894,861
Cash and cash equivalents at end of the periods 86,639,757 3,090,971
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 $ 2,006