Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheet

v3.3.1.900
Consolidated Balance Sheet - USD ($)
Apr. 30, 2015
Apr. 30, 2014
Current Assets:    
Cash $ 2,699,737 $ 3,616,470
Prepaid expenses and other current assets 1,468,281 570,106
Total Current Assets 4,168,018 4,186,576
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,854 7,854
Total other assets 5,129,474 5,129,474
Total Assets 9,297,492 9,316,050
Current Liabilities:    
Accounts payable 496,699 188,044
Accrued expenses 23,667 41,763
License agreement obligation 1,000,000 0
Due to officer 0 143,859
Total current liabilities 1,520,366 373,666
Total Liabilities $ 1,520,366 $ 373,666
Commitments and Contingencies (Notes 11 and 12)
Preferred stock, authorized 10,000,000 shares, $0.0001 par value, 0 shares issued and outstanding, respectively $ 0 $ 0
Stockholders' Equity    
Common stock, authorized 1,490,000,000 shares, $0.0001 par value, 732,760,536 and 690,615,714 shares issued and outstanding as of April 30, 2015 and 2014, respectively 73,273 69,063
Additional paid in capital 86,330,224 75,998,588
Common stock to be issued 0 1,574,860
Accumulated deficit (78,627,833) (68,700,127)
Accumulated other comprehensive income 1,462 0
Total stockholders' equity 7,777,126 8,942,384
Total Liabilities and Stockholders' Equity $ 9,297,492 $ 9,316,050