v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2022
Apr. 30, 2021
Current assets:    
Cash and cash equivalents $ 85,400,656 $ 2,202,106
Prepaid expenses and other current assets 94,172 73,131
Total current assets 85,494,828 2,275,237
Other assets:    
Intangible assets 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,688 7,372
Total other assets 5,129,308 5,128,992
Total Assets 90,624,136 7,404,229
Current liabilities:    
Accounts payable 205,361 172,261
Accrued expenses 499,009 552,517
Total current liabilities 704,370 724,778
Total Liabilities 704,370 724,778
Commitments and Contingencies (Notes 7 and 9)
Stockholders' equity:    
Common stock, authorized: 33,333,334 shares, $0.0001 par value; 20,721,047 and 1,590,084 shares issued and outstanding as of April 30, 2022, and 2021, respectively 2,072 159
Additional paid-in capital 201,582,107 114,109,169
Accumulated deficit (111,648,656) (107,409,495)
Accumulated other comprehensive loss (15,757) (20,382)
Total stockholders' equity 89,919,766 6,679,451
Total Liabilities and Stockholders' Equity $ 90,624,136 $ 7,404,229

Source

v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Income Statement [Abstract]    
Revenue $ 0 $ 0
Operating expenses:    
Research and development costs 690,937 916,249
Compensation expense 1,544,751 1,429,150
Director fees 256,490 273,230
Legal and professional 809,489 586,207
General and administrative 1,090,347 418,145
Total operating expenses 4,392,014 3,622,981
Loss from operations (4,392,014) (3,622,981)
Other income (expense):    
Gain on forgiveness of Paycheck Protection Program loan 0 75,979
Interest income 157,645 0
Interest expense (509) (3,046)
Other expense, net (4,283) (1,188)
Total other income, net 152,853 71,745
Net loss $ (4,239,161) $ (3,551,236)
Basic loss per share $ (0.27) $ (2.45)
Diluted loss per share $ (0.27) $ (2.45)
Weighted average shares outstanding basic 15,521,654 1,448,285
Weighted average shares outstanding diluted 15,521,654 1,448,285

Source

v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:    
Net loss $ (4,239,161) $ (3,551,236)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on forgiveness of Paycheck Protection Program loan 0 (75,200)
Stock issued for services 34,846 70,326
Stock issued for compensation 33,146 194,261
Stock-based compensation - options 44,810 176,568
Change in operating assets and liabilities:    
Increase (decrease) in prepaid expenses and other current assets (21,041) 69,653
Decrease in other assets (316) 0
Increase (decrease) in accounts payable 33,100 (13,581)
Decrease in accrued expenses (2,703) (201,680)
Net cash used in operating activities (4,117,319) (3,330,889)
Cash flows from investing activities:    
Net cash used in investing activities 0 0
Cash flows from financing activities:    
Payment of insurance financing loan (50,805) (62,440)
Proceeds from sale of common stock, net of issuance costs 87,362,049 4,699,247
Net cash provided by financing activities 87,311,244 4,636,807
Effect of currency rate exchange on cash and cash equivalents 4,625 1,327
Net increase in cash and cash equivalents 83,198,550 1,307,245
Cash and cash equivalents at beginning of the year 2,202,106 894,861
Cash and cash equivalents at end of the year 85,400,656 2,202,106
Supplemental disclosure of cash flows information:    
Cash paid during the years for income taxes 1,600 800
Cash paid during the years for interest expense 509 2,267
Non-cash equity issuance costs $ 34,477,000 $ 0

Source