Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Cash flows from operating activities:    
Net loss $ (1,515,038) $ (1,584,824)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 166,608 297,500
Stock issued for compensation 147,360 86,100
Stock based compensation - options 145,269 0
Stock based compensation - warrants 339,963 0
Change in assets and liabilities:    
Decrease in prepaid expenses and current assets 16,246 397,973
Increase / (decrease) in accounts payable (83,582) 16,326
Increase in accrued expenses 19,657 111
(Decrease) in license agreement obligation (300,000) 0
Net cash used in operating activities (1,063,517) (786,814)
Cash flows from investing activities:    
Net cash used by investing activities 0 0
Cash flows from financing activities:    
Proceeds from the sale of common stock 1,273,822 86,000
Repayment of debt, related party 0 (18,717)
Net cash provided by financing activities 1,273,822 67,283
Effect of currency rate exchange on cash 159 0
Net increase (decrease) in cash 210,464 (719,531)
Cash at beginning of the period 2,699,737 3,616,470
Cash at end of the period 2,910,201 2,896,939
Supplementary disclosures of cash flows information:    
Cash paid during the year for interest $ 632 $ 0