Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2014
Revenues:      
Revenue $ 0 $ 0 $ 0
Cost of revenues 0 0 0
Gross margin 0 0 0
Operating Expenses:      
Sales and marketing 0 230,500 872,200
Research and development costs 1,406,939 3,476,912 323,500
Compensation expense 1,871,795 6,489,334 13,609,995
Director fees 45,000 18,000 768,000
Legal and professional fees 458,397 884,346 1,487,668
General and administrative 2,291,002 2,161,643 1,917,779
Total operating expenses 6,073,133 13,260,735 18,979,142
Loss from operations (6,073,133) (13,260,735) (18,979,142)
Other income (expense):      
Gain on forgiveness of debt 0 0 1,633,380
Loss on conversion of preferred stock 0   (5,895,000)
Loss on settlement of debt 0 0 (3,993,295)
Gain on settlements 0 3,337,967 0
Other income 10,540 0 0
Interest expense, net (1,191) (4,938) (19,963)
Total other income (expense), net 9,349 3,333,029 (8,274,878)
Net loss $ (6,063,784) $ (9,927,706) $ (27,254,020)
Basic and diluted loss per share $ (0.01) $ (0.01) $ (0.05)
Weighted average shares outstanding basic and diluted 752,403,049 704,327,656 583,219,665