v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Oct. 31, 2020
Apr. 30, 2020
Current Assets:    
Cash $ 3,717,404 $ 894,861
Prepaid expenses and other current assets 94,963 142,785
Total Current Assets 3,812,367 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 8,941,359 6,166,638
Current Liabilities:    
Accounts payable 80,118 185,842
Accrued expenses 509,422 816,638
Current portion of Small Business Administration - Paycheck Protection Program loan 54,110 28,918
Total current liabilities 643,650 1,031,398
Long term liabilities:    
Small Business Administration - Paycheck Protection Program loan 21,090 46,282
Total Liabilities 664,740 1,077,680
Commitments and Contingencies (Notes 7 and 9)
Stockholders' Equity    
Common stock, authorized: 2,490,000,000 shares, $0.0001 par value; 2,334,810,405 and 1,638,637,839 shares issued and outstanding as of October 31, 2020 and April 30, 2020, respectively 233,482 163,864
Additional paid in capital 113,757,416 108,805,062
Accumulated deficit (105,692,395) (103,858,259)
Accumulated other comprehensive loss (21,884) (21,709)
Total stockholders' equity 8,276,619 5,088,958
Total Liabilities and Stockholders' Equity $ 8,941,359 $ 6,166,638

Source

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Revenues:        
Revenue $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development costs 151,314 17,940 421,888 90,270
Compensation expense 552,462 446,146 831,432 899,340
Director fees 69,317 82,854 141,341 158,496
Legal and professional 88,412 115,454 230,168 225,611
General and administrative 88,010 404,728 206,362 827,480
Total operating expenses 949,515 1,067,122 1,831,191 2,201,197
Loss from operations (949,515) (1,067,122) (1,831,191) (2,201,197)
Other expenses:        
Interest expense (677) 0 (1,757) 0
Other expense 0 0 (1,188) 0
Total other expenses (677) 0 (2,945) 0
Net loss $ (950,192) $ (1,067,122) $ (1,834,136) $ (2,201,197)
Basic and diluted loss per share $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average shares outstanding basic and diluted 2,309,218,013 1,325,086,933 1,993,895,090 1,267,696,383

Source

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities:    
Net loss $ (1,834,136) $ (2,201,197)
Adjustments to reconcile net loss to net cash used in operating activities:    
Shares issued for services 59,709 385,369
Shares issued for compensation 134,640 209,453
Stock-based compensation - options 128,376 224,734
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets 47,822 (26,128)
Increase (decrease) in accounts payable (105,725) 42,697
Increase (decrease) in accrued expenses (232,139) 18,307
Net cash used in operating activities (1,801,453) (1,346,765)
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 (75,076) 0
Proceeds from sale of Series A Preferred Stock 0 1
Proceeds from sale of common stock, net of issuance costs 4,699,247 883,500
Net cash provided by financing activities 4,624,171 883,501
Effect of currency rate exchange on cash (175) (6,928)
Net increase (decrease) in cash 2,822,543 (470,192)
Cash at beginning of the period 894,861 515,253
Cash at end of the period 3,717,404 45,061
Supplemental disclosures of cash flows information:    
Cash paid during the periods for income taxes 800 800
Cash paid during the periods for interest $ 1,757 $ 0

Source