v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jul. 31, 2021
Apr. 30, 2021
Current assets:    
Cash $ 959,270 $ 2,202,106
Prepaid expenses and other current assets 549,094 73,131
Total current assets 1,508,364 2,275,237
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 6,637,356 7,404,229
Current liabilities:    
Accounts payable 394,775 172,261
Accrued expenses 530,199 552,517
Total current liabilities 924,974 724,778
Total Liabilities 924,974 724,778
Commitments and Contingencies (Notes 7 and 9)
Stockholders' equity:    
Common stock, authorized: 33,333,334 shares, $0.0001 par value; 1,611,671 and 1,590,084 shares issued and outstanding as of July 31, 2021 and April 30, 2021, respectively 161 159
Additional paid-in capital 114,169,131 114,109,169
Accumulated deficit (108,434,913) (107,409,495)
Accumulated other comprehensive loss (21,997) (20,382)
Total stockholders' equity 5,712,382 6,679,451
Total Liabilities and Stockholders' Equity $ 6,637,356 $ 7,404,229

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v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Income Statement [Abstract]    
Revenue $ 0 $ 0
Operating expenses:    
Research and development costs 143,613 270,574
Compensation expense 268,885 278,970
Director fees 63,159 72,024
Legal and professional 185,748 141,756
General and administrative 361,946 118,352
Total operating expenses 1,023,351 881,676
Loss from operations (1,023,351) (881,676)
Other expense:    
Interest expense (467) (388)
Other expense (1,600) (1,880)
Total other expenses (2,067) (2,268)
Net loss $ (1,025,418) $ (883,944)
Basic and diluted loss per share $ (0.64) $ (0.79)
Weighted average shares outstanding basic and diluted 1,591,306 1,119,048

Source

v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities:    
Net loss $ (1,025,418) $ (883,944)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 24,765 40,550
Stock issued for compensation 11,055 67,320
Stock-based compensation – options 24,144 72,317
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets (246,930) 6,248
Increase (decrease) in accounts payable (6,519) 198,990
Decrease in accrued expenses (22,318) (52,483)
Net cash used in operating activities (1,241,221) (551,002)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Use of funds for payment of insurance financing loan 0 (37,337)
Proceeds from sale of common stock, net of issuance costs 0 1,857,397
Net cash provided by financing activities 0 1,820,060
Effect of currency rate exchange on cash (1,615) 2,677
Net increase (decrease) in cash (1,242,836) 1,271,735
Cash at beginning of the period 2,202,106 894,861
Cash at end of the period 959,270 2,166,596
Supplemental disclosure of cash flows information:    
Cash paid during the periods for income taxes 1,600 800
Cash paid during the periods for interest 467 388
Supplemental information of non-cash activities:    
Prepaid expenses included in accounts payable $ 229,033 $ 0

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