Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
 12 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Revenues:    
Product sales $ 0 $ 12,160
Total revenue 0 12,160
Cost of revenues 0 9,620
Gross margin 0 2,540
Expenses:    
Sales and marketing 872,200 106,413
Compensation expense 13,609,995 678,707
Director fees 768,000 0
Legal & professional fees 1,487,668 284,510
General and administrative 2,241,279 617,271
Total operating expenses 18,979,142 1,686,901
Net loss from operations (18,979,142) (1,684,361)
Other income (expense):    
Gain on forgiveness of debt 1,633,380 277,085
Loss on conversion of preferred stock (5,895,000) 0
Loss on settlement of debt (3,993,295) (39,000)
Other income 0 2,590
Interest income 1,090 0
Interest expense, related party (16,023) (41,754)
Interest expense (5,030) (112,662)
Total other income (expense) (8,274,878) 86,259
Net loss $ (27,254,020) $ (1,598,102)
Basic loss per share $ (0.05) $ 0.00
Weighted average shares outstanding 583,219,665 440,954,850