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, 2013
Oct. 31, 2012
Cash flows from operating activities:    
Net loss $ (10,324,437) $ (893,333)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 111,596 147,000
Stock issued for compensation 1,296,348 330,877
Loss on settlement of debt 3,973,795 0
Loss on conversion of preferred stock 5,895,000 0
Gain on forgiveness of debt (1,407,459) (104,989)
Stock issued for interest expense 0 38,950
Net amortization of discount/premium 0 (5,695)
Change in assets and liabilities:    
(Increase) / decrease in accounts receivable 0 2,581
(Increase) / decrease in inventory 0 6,846
(Increase) / decrease in prepaid expenses 51,817 121,902
Increase (decrease) in accounts payable (8,877) 81,125
Increase in accrued interest, related party 9,740 18,756
Increase in accrued expenses 35,708 86,100
Net cash used in operating activities (366,769) (169,880)
Cash flows from investing activities:    
Purchase of licenses (2,500,000) 0
Payments towards acquisition (51,215) (321,750)
Net cash used by investing activities (2,551,215) (321,750)
Cash flows from financing activities:    
Proceeds from the sale of common stock 3,060,000 443,500
Proceeds from borrowings, related party 77,869 55,103
Repayment of debt, related party (22,594) 0
Net cash provided by financing activities 3,115,275 498,603
Net increase in cash 197,291 6,973
Cash at beginning of period 199,303 15,723
Cash at end of period 396,594 22,696
Supplementary non-cash disclosures:    
Cash paid for interest 0 0
Franchise and income taxes 0 0
Common stock issued for debt $ 482,261 $ 98,596