Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
 12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Net Income Loss    
Net loss $ (1,598,102) $ (1,899,312)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 984,696 1,570,280
Loss on settlement of debt 39,000 0
Gain on forgiveness of debt (277,085) (370,619)
Depreciation and amortization 0 24,659
Stock issued for interest expense 102,203 101,750
Loss on disposal of fixed assets 0 79,503
Bad debt expense 0 6,497
Net amortization of discount/premium (5,695) (10,798)
Change in assets and liabilities:    
(Increase) / decrease in accounts receivable 2,581 (6,762)
(Increase) / decrease in inventory 6,846 11,860
(Increase) / decrease in prepaid expenses 62,667 (132,826)
Increase (decrease) in accounts payable 97,708 173,825
Increase in accrued interest, related party 40,798   
Increase in accrued expenses 153,957 192,654
Net cash used in operating activities (390,426) (259,289)
Cash flows from investing activities:    
Payments towards acquisition (646,750) (874,230)
Proceeds from sale of fixed assets 0 2,500
Net cash used by investing activities (646,750) (871,730)
Cash flows from financing activities:    
Proceeds from the sale of common stock 1,146,000 21,000
Proceeds from notes payable 0 660,000
Proceeds from borrowings, related party 149,756 533,546
Repayment of debt 0 (100,000)
Repayment of debt, related party (75,000) (25,005)
Net cash provided by financing activities 1,220,756 1,089,541
Net increase in cash 183,580 (41,478)
Cash at beginning of period 15,723 57,201
Cash at end of period 199,303 15,723
Supplementary non-cash disclosures:    
Cash paid for interest 0 0
Franchise and income taxes 0 0
Common stock issued for debt $ 143,596 $ 600,000