v3.20.4
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jan. 31, 2021
Apr. 30, 2020
Current Assets:    
Cash $ 3,090,971 $ 894,861
Prepaid expenses and other current assets 41,710 142,785
Total Current Assets 3,132,681 1,037,646
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,372 7,372
Total other assets 5,128,992 5,128,992
Total Assets 8,261,673 6,166,638
Current Liabilities:    
Accounts payable 79,159 185,842
Accrued expenses 494,341 816,638
Current portion of Small Business Administration - Paycheck Protection Program loan 66,753 28,918
Total current liabilities 640,253 1,031,398
Long term liabilities:    
Small Business Administration - Paycheck Protection Program loan 8,447 46,282
Total Liabilities 648,700 1,077,680
Commitments and Contingencies (Notes 7 and 9)
Stockholders' Equity    
Common stock, authorized: 2,490,000,000 shares, $0.0001 par value; 2,341,410,405 and 1,638,637,839 shares issued and outstanding as of January 31, 2021 and April 30, 2020, respectively 234,142 163,864
Additional paid in capital 113,849,337 108,805,062
Accumulated deficit (106,449,491) (103,858,259)
Accumulated other comprehensive loss (21,015) (21,709)
Total stockholders' equity 7,612,973 5,088,958
Total Liabilities and Stockholders' Equity $ 8,261,673 $ 6,166,638

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v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Revenues:        
Revenue $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development costs 174,088 113,296 595,976 203,566
Compensation expense 336,095 406,006 1,167,527 1,305,346
Director fees 65,953 79,269 207,294 237,765
Legal and professional 95,720 116,531 325,888 342,142
General and administrative 84,991 160,206 291,353 987,686
Total operating expenses 756,847 875,308 2,588,038 3,076,505
Loss from operations (756,847) (875,308) (2,588,038) (3,076,505)
Other expenses:        
Interest expense (249) 0 (2,006) 0
Other expense 0 0 (1,188) 0
Total other expenses (249) 0 (3,194) 0
Net loss $ (757,096) $ (875,308) $ (2,591,232) $ (3,076,505)
Basic and diluted loss per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average shares outstanding basic and diluted 2,337,034,318 1,375,499,976 2,108,274,833 1,284,500,731

Source

v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:    
Net loss $ (2,591,232) $ (3,076,505)
Adjustments to reconcile net loss to net cash used in operating activities:    
Shares issued for services 65,117 411,461
Shares issued for compensation 183,206 309,691
Stock-based compensation - options 166,982 309,170
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 101,075 71,199
Increase (decrease) in accounts payable (106,682) 218,608
Increase (decrease) in accrued expenses (209,052) 57,395
Net cash used in operating activities (2,390,586) (1,698,981)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Payment of insurance financing loan (113,245) 0
Proceeds from sale of Series A Preferred Stock 0 1
Use of funds from purchase of Series A preferred stock 0 (1)
Proceeds from sale of common stock, net of issuance costs 4,699,247 1,333,500
Net cash provided by financing activities 4,586,002 1,333,500
Effect of currency rate exchange on cash 694 (7,530)
Net increase (decrease) in cash 2,196,110 (373,011)
Cash at beginning of the period 894,861 515,253
Cash at end of the period 3,090,971 142,242
Supplemental disclosures of cash flows information:    
Cash paid during the periods for income taxes 800 800
Cash paid during the periods for interest $ 2,006 $ 0

Source