Annual report pursuant to Section 13 and 15(d)

16. SUBSEQUENT EVENTS

v3.5.0.2
16. SUBSEQUENT EVENTS
12 Months Ended
Apr. 30, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

From May 1, 2016 to July 29, 2016, the Company issued 66,821,327 shares of common stock under the S-3 Registration Statement. The issuance of the shares provided the Company approximately $1.33 million.

 

During May and June 2016, the Company made three payments of $50,000 to Austrianova pursuant to the Licensing Agreement that was entered into in December 2014. These payments settled the remaining Upfront Payment obligation under the licensing agreement in full.