1A. RESTATEMENT OF PREVIOUSLY REPORTED INFORMATION (Tables)

3 Months Ended

Jul. 31, 2015

	July 31, 2015
	As Previously Reported			Adjustment			As Restated
Selected Consolidated Balance Sheet Accounts
Prepaid expenses and other current assets	$	103,011		$	842,451		$	945,462
Total other assets	$	3,013,212		$	842,451		$	3,855,663
Total assets	$	8,142,686		$	842,451		$	8,985,137
Derivative liability	$	29,746		$	(29,746	)	$	–
Total current liabilities	$	1,186,186		$	(29,746	)	$	1,156,441
Total liabilities	$	1,186,186		$	(29,746	)	$	1,156,441
Additional paid in capital	$	86,981,418		$	914,270		$	87,895,688
Accumulated deficit	$	(80,100,800	)	$	(42,074	)	$	(80,142,874	)
Total stockholders' equity	$	6,956,500		$	872,196		$	7,828,696
Total liabilities and stockholders' equity	$	8,142,686			842,451		$	8,985,137

	Three Months Ended July 31, 2015
	As Previously Reported			Adjustment			As Restated
Condensed Consolidated Statement of Operations
Total revenue	$	–		$	–		$	–
Cost of revenue		–			–			–
Gross margin		–			–			–
Research and development costs		155,678			–			155,678
Compensation expense		447,570			–			447,570
Director fee		18,000			–			18,000
Legal and professional		125,075			–			125,075
General and administrative		261,417			506,571			767,988
Loss from operations		(1,007,740	)		(506,571	)		(1,514,311	)
Unrealized gain on change in derivative		462,303			(462,303	)		–
Other expenses		(95	)		–			(95	)
Interest expense, net		(632	)		–			(632	)
Total other income (expense), net		461,576			(462,303	)		(727	)
Net loss	$	(546,164	)	$	(968,874	)	$	(1,515,038	)

Basic and diluted loss per share	$	0.00		$	–		$	0.00

	Three Months Ended July 31, 2015
	As Previously Reported			Adjustment			As Restated
Condensed Consolidated Statement of Comprehensive Loss
Net loss	$	(546,164	)	$	(968,874	)	$	(1,515,038	)
Foreign currency translation adjustment		(1,621	)		–			(1,621	)
Comprehensive loss	$	(547,785	)	$	(968,874	)	$	(1,516,659	)

	Three Months Ended July 31, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Cash Flows
Operating activities
Net loss	$	(546,164	)	$	(968,874	)	$	(1,515,038	)
Stock issued for services		–			166,608			166,608
Stock issued for compensation		147,360			–			147,360
Stock based compensation - options		145,269			–			145,269
Stock based compensation - warrants		–			339,963			339,963
Gain on derivative liability		(462,303	)		462,303			–
Decrease in prepaid expenses and current assets		16,246			–			16,246
Decrease in accounts payable		(83,582	)		–			(83,582	)
Increase in accrued expenses		19,657			–			19,657
Decrease in license agreement obligation		(300,000	)		–			(300,000	)
Net cash used in operating activities		(1,063,517	)		–			(1,063,517	)

Investing activities
Net cash from investing activities		–			–			–

Financing activities
Proceeds from sale of common stock		1,273,822			–			1,273,822
Net cash provided by financing activities		1,273,822			–			1,273,822

Effect of currency rate exchange on cash		159			–			159

Net decrease in cash		210,464						210,464
Cash at beginning of year		2,699,737			–			2,699,737
Cash at end of year	$	2,910,201		$	–		$	2,910,201