Annual report pursuant to Section 13 and 15(d)

16. SUBSEQUENT EVENTS

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16. SUBSEQUENT EVENTS
12 Months Ended
Apr. 30, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

From May 1, 2015 to July 16, 2015, the Company issued 9,328,713 shares of common stock under the S-3 Registration Statement. The issuance of the shares provided the Company approximately $1,220,000. The Company currently has $2,900,000 in cash as a result of the sales of common stock under the S-3 Registration Statement.

 

On May 19, 2015, the Company made a payment of $300,000 to Austrianova pursuant to the Licensing Agreement that was entered into in December 2014.