Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheet (Unaudited)

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Consolidated Balance Sheet (Unaudited) - USD ($)
Jul. 31, 2015
Apr. 30, 2015
Current Assets:    
Cash $ 2,910,201 $ 2,699,737
Prepaid expenses and other current assets 103,011 119,257
Total Current Assets 3,013,212 2,818,994
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,854 7,854
Total other assets 5,129,474 5,129,474
Total Assets 8,142,686 7,948,468
Current Liabilities:    
Accounts payable 413,116 496,699
Accrued expenses 43,324 23,667
Derivative liability 29,746 492,049
License agreement obligation 700,000 1,000,000
Total current liabilities 1,186,186 2,012,415
Total Liabilities 1,186,186 $ 2,012,415
Commitments and Contingencies (Notes 8 and 9)    
Preferred stock, authorized 10,000,000 shares, $0.0001 par value, 0 shares issued and outstanding, respectively 0 $ 0
Stockholders' Equity    
Common stock, authorized 1,490,000,000 shares, $0.0001 par value, 742,610,829 and 732,760,536 shares issued and outstanding as of July 31, 2015 and April 30, 2015, respectively 74,261 73,273
Additional paid in capital 86,981,418 85,415,954
Accumulated deficit (80,100,800) (79,554,636)
Accumulated other comprehensive income 1,621 1,462
Total stockholders' equity 6,956,500 5,936,053
Total Liabilities and Stockholders' Equity $ 8,142,686 $ 7,948,468