Quarterly report pursuant to Section 13 or 15(d)

NUVILEX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.6
NUVILEX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
 9 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Cash flows from operating activities:    
Net loss $ (1,394,949) $ (304,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 1,252,453 0
Gain on forgiveness of debt (173,960) 0
Depreciation and amortization 23,853 32,220
Net amortization of discount/premium (8,097) (8,097)
Change in assets and liabilities:    
(Increase) decrease in accounts receivable (17,263) (19,907)
Decrease in inventory 16,399 1,645
Decrease in prepaid expenses 15,580 0
Increase (decrease) in accounts payable (32,044) 73,892
Increase in accrued interest, related party 6,084 0
Increase in accrued expenses 104,610 141,067
Net cash used in operating activities (207,334) (83,361)
Cash flows from investing activities:    
Payments towards acquisition (680,000) 0
Net cash provided by investing activities (680,000) 0
Cash flows from financing activities:    
Proceeds from the sale of common stock 621,000 0
Common stock issued to settle debt 3,000 0
Capital contributed by an officer 0 36,059
Proceeds from borrowings, related party 362,210 50,200
Repayment of debt (100,000) 0
Repayment of debt, related party (17,000) 0
Net cash provided by financing activities 869,210 86,259
Net increase (decrease) in cash and cash equivalents (18,124) 2,898
Cash at beginning of period 57,201 716
Cash at end of period 39,077 3,614
Supplementary non-cash disclosures:    
Cash paid for interest 0 0
Franchise and income taxes $ 0 $ 0