v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2017
Apr. 30, 2017
Current Assets:    
Cash $ 4,278,353 $ 3,464,229
Prepaid expenses and other current assets 117,650 74,274
Total Current Assets 4,396,003 3,538,503
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 9,524,995 8,667,495
Current Liabilities:    
Accounts payable 628,183 365,600
Accrued expenses 237,497 214,648
Total current liabilities 865,680 580,248
Total Liabilities 865,680 580,248
Commitments and Contingencies (Notes 9 and 11)
Stockholders' Equity    
Common stock, authorized 1,490,000,000 shares, $0.0001 par value, 973,167,811 and 905,349,047 shares issued and outstanding as of July 31, 2017 and April 30, 2017, respectively 97,317 90,534
Additional paid in capital 99,385,697 97,130,279
Accumulated deficit (90,823,717) (89,135,302)
Accumulated other comprehensive income 18 1,736
Total stockholders' equity 8,659,315 8,087,247
Total Liabilities and Stockholders' Equity $ 9,524,995 $ 8,667,495

Source

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Revenues:    
Revenue $ 0 $ 0
Operating Expenses:    
Research and development costs 427,670 175,004
Compensation expense 581,434 415,006
Director fees 96,346 9,000
Legal and professional fees 195,109 178,005
General and administrative 387,856 254,382
Total operating expenses 1,688,415 1,031,397
Loss from operations (1,688,415) (1,031,397)
Other income (expense):    
Interest expense, net 0 (569)
Total other expense, net 0 (569)
Net loss $ (1,688,415) $ (1,031,966)
Basic and diluted loss per share $ (0.00) $ (0.00)
Weighted average shares outstanding basic and diluted 925,579,393 788,171,700

Source

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Cash flows from operating activities:    
Net loss $ (1,688,415) $ (1,031,966)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 28,032 8,550
Stock issued for compensation 171,600 71,880
Stock based compensation - options 244,701 170,113
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 23,082 55,674
Increase (decrease) in accounts payable 262,584 (24,382)
Increase (decrease) in accrued expenses 22,849 (6,797)
Decrease in license agreement obligation 0 (150,000)
Net cash used in operating activities (935,567) (906,928)
Cash flows from investing activities:    
Net cash provided by (used in) investing activities 0 0
Cash flows from financing activities:    
Proceeds from sale of common stock 1,751,409 1,325,471
Net cash provided by financing activities 1,751,409 1,325,471
Effect of currency rate exchange on cash (1,718) 448
Net increase in cash 814,124 418,991
Cash at beginning of the period 3,464,229 1,920,825
Cash at end of the period 4,278,353 2,339,816
Supplementary disclosures of cash flows information:    
Cash paid during the year for interest $ 0 $ 569

Source