Quarterly report pursuant to Section 13 or 15(d)

NUVILEX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS

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NUVILEX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Cash flows from operating activities:    
Net loss $ (1,123,170) $ (180,079)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 855.977 0
Depreciation and amortization 16,380 22,988
Net amortization of discount/premium (5,398) (5,398)
Change in assets and liabilities:    
(Increase) decrease in accounts receivable (6,646) (2,590)
Decrease in inventory 14,188 2,528
Decrease in prepaid expenses 8,019 0
Increase (decrease) in accounts payable (2,785) 65,064
Increase in accrued expenses 72,240 83,042
Net cash used in operating activities (171,195) (14,445)
Cash flows from investing activities:    
Payments towards acquisition (560,000) 0
Net cash provided by investing activities (560,000) 0
Cash flows from financing activities:    
Increase in bank overdraft 0 629
Proceeds from the sale of common stock 473,000 0
Proceeds from borrowings, related party 231,500 13,100
Repayment of debt, related party (16,000) 0
Net cash provided by financing activities 688,500 13,729
Net increase (decrease) in cash and cash equivalents (42,695) (716)
Cash at beginning of period 57,201 716
Cash at end of period 14,506 0
Supplementary non-cash disclosures:    
Cash paid for interest 0 0
Franchise and income taxes 0 0
Cash received for common stock subscribed $ 148,000 $ 0