v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Current Assets:    
Cash $ 2,166,596 $ 894,861
Prepaid expenses and other current assets 136,537 142,785
Total Current Assets 2,303,133 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 7,432,125 6,166,638
Current Liabilities:    
Accounts payable 384,832 185,842
Accrued expenses 726,818 816,638
Current portion of Small Business Administration - Paycheck Protection Program loan 41,498 28,918
Total current liabilities 1,153,148 1,031,398
Long term liabilities:    
Small Business Administration - Paycheck Protection Program loan 33,702 46,282
Total Liabilities 1,186,850 1,077,680
Stockholders' Equity    
Common stock, authorized: 2,490,000,000 shares, $0.0001 par value; 1,875,143,738 and 1,638,637,839 shares issued and outstanding as of July 31, 2020 and April 30, 2020, respectively 187,515 163,864
Additional paid in capital 110,818,995 108,805,062
Accumulated deficit (104,742,203) (103,858,259)
Accumulated other comprehensive income (loss) (19,032) (21,709)
Total stockholders' equity 6,245,275 5,088,958
Total Liabilities and Stockholders' Equity $ 7,432,125 $ 6,166,638

Source

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Revenues:    
Revenue $ 0 $ 0
Operating expenses:    
Research and development costs 270,574 72,330
Compensation expense 278,970 453,194
Director fees 72,024 75,642
Legal and professional fees 141,756 110,157
General and administrative 118,352 422,752
Total operating expenses 881,676 1,134,075
Loss from operations (881,676) (1,134,075)
Other expense:    
Interest expense (388) 0
Other expense (1,880) 0
Total other expenses (2,268) 0
Net loss $ (883,944) $ (1,134,075)
Basic and diluted loss per share $ (0.00) $ (0.00)
Weighted average shares outstanding basic and diluted 1,678,572,167 1,210,305,834

Source

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities:    
Net loss $ (883,944) $ (1,134,075)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 40,550 311,816
Stock issued for compensation 67,320 104,726
Stock-based compensation - options 72,317 126,325
Change in assets and liabilities:    
(Increase) decrease in prepaid expenses and other current assets 6,248 (11,137)
Increase (decrease) in accounts payable 198,990 (54,337)
Decrease in accrued expenses (52,483) (106,458)
Net cash used in operating activities (551,002) (763,140)
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 (37,337) 0
Proceeds from sale of common stock, net of issuance costs 1,857,397 582,500
Net cash provided by financing activities 1,820,060 582,500
Effect of currency rate exchange on cash 2,677 (6,862)
Net increase (decrease) in cash 1,271,735 (187,502)
Cash at beginning of the period 894,861 515,253
Cash at end of the period 2,166,596 327,751
Supplemental disclosures of cash flows information:    
Cash paid during the periods for income taxes 800 800
Cash paid during the periods for interest 388 0
Supplemental schedule of noncash investing and financing activity:    
Issuance costs for shares issued $ 0 $ 24,500

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