Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
 6 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Net Income Loss    
Net loss $ (893,333) $ (1,123,170)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 477,877 855,977
Gain on forgiveness of debt (104,989)   
Depreciation and amortization    16,380
Stock issued for interest expense 38,950 0
Net amortization of discount/premium (5,695) (5,398)
Change in assets and liabilities:    
(Increase) / decrease in accounts receivable 2,581 (6,646)
(Increase) / decrease in inventory 6,846 14,188
(Increase) / decrease in prepaid expenses 121,902 8,019
Increase (decrease) in accounts payable 81,125 (2,785)
Increase in accrued interest, related party 18,756   
Increase in accrued expenses 86,100 72,240
Net cash used in operating activities (169,880) (171,195)
Cash flows from investing activities:    
Payments towards acquisition (321,750) (560,000)
Net cash used by investing activities (321,750) (560,000)
Cash flows from financing activities:    
Proceeds from the sale of common stock 443,500 621,000
Proceeds from notes payable 0   
Proceeds from borrowings, related party 55,103 83,500
Repayment of debt, related party    (16,000)
Net cash provided by financing activities 498,603 688,500
Net increase in cash 6,973 (42,695)
Cash at beginning of period 15,723 57,201
Cash at end of period 22,696 14,506
Supplementary non-cash disclosures:    
Cash paid for interest 0 0
Franchise and income taxes 0 0
Common stock issued for debt $ 98,596