Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,288,663) $ (4,941,720)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 72,950 443,684
Stock issued for compensation 191,680 309,240
Stock based compensation - options 456,002 499,836
Stock based compensation - warrants 0 905,340
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 88,828 110,838
Increase in accounts payable 98,991 200,623
Increase (decrease) in accrued expenses (8,363) 44,455
Decrease in license agreement obligation (150,000) (700,000)
Net cash used in operating activities (2,538,575) (3,127,704)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Proceeds from sale of common stock 3,080,883 3,291,622
Net cash provided by financing activities 3,080,883 3,291,622
Effect of currency rate exchange on cash 1,138 327
Net increase in cash 543,446 164,245
Cash at beginning of the period 1,920,825 2,699,737
Cash at end of the period 2,464,271 2,863,982
Supplemental disclosures of cash flows information:    
Cash paid during the period for interest $ 1,056 $ 826