1A. RESTATEMENT OF PREVIOUSLY REPORTED FINANCIALS (Tables)

12 Months Ended

Apr. 30, 2015

	April 30, 2015
	As Previously Reported			Adjustment			As Restated
Selected Consolidated Balance Sheet Accounts
Prepaid expenses and other current assets	$	119,257		$	1,349,024		$	1,468,281
Total current assets	$	2,818,994		$	1,349,024		$	4,168,018
Total assets	$	7,948,468		$	1,349,024		$	9,297,492
Derivative liability	$	492,049		$	(492,049	)	$	–
Total current liabilities	$	2,012,415		$	(492,049	)	$	1,520,366
Total liabilities	$	2,012,415		$	(492,049	)	$	1,520,366
Additional paid in capital	$	85,415,954		$	914,270		$	86,330,224
Accumulated deficit	$	(79,554,636	)	$	926,803		$	(78,627,833	)
Total stockholders' equity	$	5,936,053		$	1,841,073		$	7,777,126
Total liabilities and stockholders' equity	$	7,948,468		$	1,349,024		$	9,297,492

	Year Ended April 30, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Operation
Total revenue	$	–		$	–		$	–
Cost of revenue		–			–			–
Gross margin		–			–			–
Sales and marketing expense		230,500			–			230,500
Research and development costs		3,476,912			–			3,476,912
Compensation expense		6,489,334			–			6,489,334
Director fee		18,000			–			18,000
Legal and professional		884,346			–			884,346
General and administrative		2,596,397			(434,754	)		2,161,643
Loss from operations		(13,695,489	)		434,754			(13,260,735	)
Unrealized loss on change in derivative		(492,049	)		492,049			–
Gain on settlements		3,337,967			–			3,337,967
Interest expense, net		(4,938	)		–			(4,938	)
Total other income (expense), net		2,840,980			492,049			3,333,029
Net loss	$	(10,854,509	)	$	926,803		$	(9,927,706	)

Basic and diluted loss per share	$	(0.02	)	$	0.01		$	(0.01	)

	Year Ended April 30, 2015
	As Previously Reported			Adjustment		As Restated
Consolidated Statement of Comprehensive Loss
Net loss	$	(10,854,509	)	$	926,803	$	(9,927,706	)
Foreign currency translation adjustment		1,462			–		1,462
Comprehensive loss	$	(10,853,047	)	$	926,803	$	(9,926,244	)

	Year Ended April 30, 2015
	As Previously Reported			Adjustment		As Restated
Consolidated Stockholders' Equity
Balance, April 30, 2014	$	8,942,384		$		$	8,942,384
Shares issued for compensation		735,188					735,188
Shares issued for services		1,269,707					1,269,707
Shares issued for cash		3,719,832					3,719,832
Conversion of warrants		66,001					66,001
Recovery of shares issued for compensation		(3,337,967	)				(3,337,967	)
Recovery of shares issued for consulting expense		(74,436	)				(74,436	)
Stock options granted		5,236,901					5,236,901
Warrants granted		231,490			914,270		1,145,760
Foreign currency translation adjustment		1,462					1,462
Net loss		(10,854,509	)		926,803		(9,927,706	)
Balance, April 30, 2015	$	5,936,053		$	1,841,073	$	7,777,126

	Year Ended April 30, 2015
	As Previously Reported			Adjustment			As Restated
Consolidated Statement of Cash Flows
Operating activities
Net loss	$	(10,854,509	)	$	926,803		$	(9,927,706	)
Stock issued for services		1,269,707			(443,684	)		826,023
Stock issued for compensation		735,189						735,189
Stock based compensation - options		5,236,901						5,236,901
Stock based compensation - warrants		231,490			8,930			240,420
Gain on settlements		(3,337,967	)					(3,337,967	)
Gain on recovery of stock issued for services		(74,436	)					(74,436	)
Loss on derivative liability		492,049			(492,049	)		–
Decrease in prepaid expenses and current assets		450,849						450,849
Increase in accounts payable		308,654						308,654
Decrease in accrued expenses		(18,096	)					(18,096	)
Increase in license agreement obligation		1,000,000						1,000,000
Net cash used in operating activities		(4,560,169	)		–			(4,560,169	)

Investing activities
Net cash from investing activities		–			–			–

Financing activities
Proceeds from sale of common stock		3,785,833			–			3,785,833
Repayment of debt, related party		(143,859	)		–			(143,859	)
Net cash provided by financing activities		3,641,974			–			3,641,974

Effect of currency rate exchange on cash		1,462			–			1,462

Net decrease in cash		(916,733	)		–			(916,733	)
Cash at beginning of year		3,616,470			–			3,616,470
Cash at end of year	$	2,699,737		$	–		$	2,699,737