1A. RESTATEMENT OF PREVIOUSLY REPORTED INFORMATION (Tables)

6 Months Ended

Oct. 31, 2015

	October 31, 2015
	As Previously Reported			Adjustment			As Restated
Selected Consolidated Balance Sheet Accounts
Prepaid expenses and other current assets	$	74,757		$	335,878		$	410,635
Total current assets	$	2,512,187		$	335,878		$	2,848,065
Total assets	$	7,641,661		$	335,878		$	7,977,539
Additional paid in capital	$	87,685,381		$	914,270		$	88,599,651
Accumulated deficit	$	(81,200,061	)	$	(578,392	)	$	(81,778,453	)
Total stockholders' equity	$	6,561,656		$	335,878		$	6,897,534
Total liabilities and stockholders' equity	$	7,641,661		$	335,878		$	7,977,539

	Three Months Ended October 31, 2 015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Operations
Total revenue	$	–		$	–		$	–
Cost of revenue		–			–			–
Gross margin		–			–			–
Research and development costs		439,711			–			439,711
Compensation expense		400,507			–			400,507
Director fee		9,000			–			9,000
Legal and professional		57,988			–			57,988
General and administrative		222,039			506,573			728,612
Loss from operations		(1,129,245	)		(506,573	)		(1,635,818	)
Unrealized gain on change in derivative		29,746			(29,746	)		–
Other expenses		430			–			430
Interest expense, net		(194	)		–			(194	)
Total other income (expense), net		29,982			(29,746	)		236
Net loss	$	(1,099,263	)	$	(536,319	)	$	(1,635,582	)

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

	Six Months Ended October 31, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Operations
Total revenue	$	–		$	–		$	–
Cost of revenue		–			–			–
Gross margin		–			–			–
Research and development costs		595,389			–			595,389
Compensation expense		848,077			–			848,077
Director fee		27,000			–			27,000
Legal and professional		183,063			–			183,063
General and administrative		483,454			1,013,146			1,496,600
Loss from operations		(2,136,983	)		(1,013,146	)		(3,150,129	)
Unrealized gain on change in derivative		492,049			(492,049	)		–
Other expenses		335			–			335
Interest expense, net		(826	)		–			(826	)
Total other income (expense), net		491,558			(492,049	)		(491	)
Net loss	$	(1,645,425	)	$	(1,505,195	)	$	(3,150,620	)

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

	Three Months Ended October 31, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Comprehensive Loss
Net loss	$	(1,099,263	)	$	(536,319	)	$	(1,635,582	)
Foreign currency translation adjustment		(34	)		–			(34	)
Comprehensive loss	$	(1,099,297	)	$	(536,319	)	$	(1,635,616	)

	Six Months Ended October 31, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Comprehensive Loss
Net loss	$	(1,645,425	)	$	(1,505,195	)	$	(3,150,620	)
Foreign currency translation adjustment		1,587			–			1,587
Comprehensive loss	$	(1,643,838	)	$	(1,505,195	)	$	(3,149,033	)

	Six Months Ended October 31, 2015
	As Previously Reported			Adjustment			As Restated

Consolidated Statement of Cash Flows
Operating activities
Net loss	$	(1,645,425	)	$	(1,505,195	)	$	(3,150,620	)
Stock issued for services		–			333,216			333,216
Stock issued for compensation		254,040			–			254,040
Stock based compensation - options		287,928			–			287,928
Stock based compensation - warrants		–			679,930			679,930
Gain on derivative liability		(492,049	)		492,049			–
Increase in prepaid expenses and current assets		(80,500	)		–			(80,500	)
Decrease in accounts payable		(69,491	)		–			(69,491	)
Increase in accrued expenses		29,130			–			29,130
Decrease in license agreement obligation		(400,000	)		–			(400,000	)
Net cash used in operating activities		(2,116,367	)		–			(2,116,367	)

Investing activities
Net cash from investing activities		–			–			–

Financing activities
Proceeds from sale of common stock		1,728,935			–			1,728,935
Net cash provided by financing activities		1,728,935			–			1,728,935

Effect of currency rate exchange on cash		125			–			125

Net decrease in cash		(387,307	)					(387,307	)
Cash at beginning of year		2,699,737			–			2,699,737
Cash at October 31, 2015	$	2,312,430		$	–		$	2,312,430