v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jul. 31, 2022
Apr. 30, 2022
Current assets:    
Cash and cash equivalents $ 82,227,615 $ 85,400,656
Prepaid expenses and other current assets 28,148 94,172
Total current assets 82,255,763 85,494,828
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,688 7,688
Total other assets 5,129,308 5,129,308
Total Assets 87,385,071 90,624,136
Current liabilities:    
Accounts payable 559,026 205,361
Accrued expenses 530,331 499,009
Total current liabilities 1,089,357 704,370
Total Liabilities 1,089,357 704,370
Commitments and Contingencies (Notes 7 and 9)
Stockholders' equity:    
Common stock, authorized: 33,333,334 shares, $0.0001 par value; shares issued 21,602,049, shares outstanding 20,750,068 as of July 31, 2022, and 20,721,047 shares issued and outstanding as of April 30, 2022, respectively 2,160 2,072
Additional paid-in capital 201,592,522 201,582,107
Accumulated deficit (113,193,668) (111,648,656)
Treasury stock, at cost, 851,981 shares as of July 31, 2022 (2,090,847) 0
Accumulated other comprehensive loss (14,453) (15,757)
Total stockholders' equity 86,295,714 89,919,766
Total Liabilities and Stockholders' Equity $ 87,385,071 $ 90,624,136

Source

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Income Statement [Abstract]    
Revenue $ 0 $ 0
Operating expenses:    
Research and development costs 159,273 143,613
Compensation expense 327,718 268,885
Director fees 52,727 63,159
Legal and professional 896,221 185,748
General and administrative 244,669 361,946
Total operating expenses 1,680,608 1,023,351
Loss from operations (1,680,608) (1,023,351)
Other income (expense):    
Interest income 139,502 0
Interest expense 0 (467)
Other expense (3,906) (1,600)
Total other income (expense), net 135,596 (2,067)
Net loss $ (1,545,012) $ (1,025,418)
Basic loss per share $ (0.07) $ (0.64)
Diluted loss per share $ (0.07) $ (0.64)
Weighted average shares outstanding basic 20,829,315 1,591,306
Weighted average shares outstanding diluted 20,829,315 1,591,306

Source

v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net loss $ (1,545,012) $ (1,025,418)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 2,278 24,765
Stock issued for compensation 2,750 11,055
Stock-based compensation – options 4,595 24,144
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets 66,024 (246,930)
Increase (decrease) in accounts payable 353,665 (6,519)
Increase (decrease) in accrued expenses 31,322 (22,318)
Net cash used in operating activities (1,084,378) (1,241,221)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Repurchase of common stock (2,090,847) 0
Proceeds from warrant exercise 880 0
Net cash used in financing activities (2,089,967) 0
Effect of currency rate exchange on cash and cash equivalents 1,304 (1,615)
Net decrease in cash and cash equivalents (3,173,041) (1,242,836)
Cash and cash equivalents at beginning of the period 85,400,656 2,202,106
Cash and cash equivalents at end of the period 82,227,615 959,270
Supplemental disclosure of cash flows information:    
Cash paid during the periods for income taxes 0 1,600
Cash paid during the periods for interest 0 467
Supplemental information of non-cash activities:    
Prepaid expenses included in accounts payable $ 0 $ 229,033

Source