v3.6.0.2
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
Jan. 31, 2017
Apr. 30, 2016
Current Assets:    
Cash $ 2,464,271 $ 1,920,825
Prepaid expenses and other current assets 21,680 110,026
Total Current Assets 2,485,951 2,030,851
Other assets:    
Intangibles 3,549,427 3,549,427
Investment in SG Austria 1,572,193 1,572,193
Other assets 7,372 7,854
Total other assets 5,128,992 5,129,474
Total Assets 7,614,943 7,160,325
Current Liabilities:    
Accounts payable 435,000 336,009
Accrued expenses 143,267 151,630
License agreement obligation 0 150,000
Total current liabilities 578,267 637,639
Total Liabilities 578,267 637,639
Stockholders' Equity    
Common stock, authorized 1,490,000,000 shares, $0.0001 par value, 872,237,909 and 781,233,338 shares issued and outstanding as of January 31, 2017 and April 30, 2016, respectively 87,224 78,127
Additional paid in capital 94,927,788 91,135,370
Accumulated deficit (87,980,280) (84,691,617)
Accumulated other comprehensive income 1,944 806
Total stockholders' equity 7,036,676 6,522,686
Total Liabilities and Stockholders' Equity $ 7,614,943 $ 7,160,325

Source

v3.6.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Jan. 31, 2017
Jan. 31, 2016
Revenues:        
Revenue $ 0 $ 0 $ 0 $ 0
Cost of revenue 0 0 0 0
Gross margin 0 0 0 0
Operating Expenses:        
Research and development costs 579,717 573,978 1,008,489 1,169,367
Compensation expense 397,554 465,889 1,304,032 1,313,966
Director fees 9,000 9,000 27,000 36,000
Legal and professional fees 143,911 172,295 378,677 355,358
General and administrative 151,833 570,989 569,409 2,067,592
Total operating expenses 1,282,015 1,792,151 3,287,607 4,942,283
Loss from operations (1,282,015) (1,792,151) (3,287,607) (4,942,283)
Other income (expense):        
Other income 0 1,180 0 1,515
Interest expense (131) (126) (1,056) (952)
Total other income (expense), net (131) 1,054 (1,056) 563
Net loss $ (1,282,146) $ (1,791,097) $ (3,288,663) $ (4,941,720)
Basic and diluted loss per share $ 0.00 $ 0.00 $ 0.00 $ (.01)
Weighted average shares outstanding basic and diluted 859,529,933 756,637,143 832,203,911 746,637,216

Source

v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2017
Jan. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,288,663) $ (4,941,720)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 72,950 443,684
Stock issued for compensation 191,680 309,240
Stock based compensation - options 456,002 499,836
Stock based compensation - warrants 0 905,340
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 88,828 110,838
Increase in accounts payable 98,991 200,623
Increase (decrease) in accrued expenses (8,363) 44,455
Decrease in license agreement obligation (150,000) (700,000)
Net cash used in operating activities (2,538,575) (3,127,704)
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 3,080,883 3,291,622
Net cash provided by financing activities 3,080,883 3,291,622
Effect of currency rate exchange on cash 1,138 327
Net increase in cash 543,446 164,245
Cash at beginning of the period 1,920,825 2,699,737
Cash at end of the period 2,464,271 2,863,982
Supplemental disclosures of cash flows information:    
Cash paid during the period for interest $ 1,056 $ 826

Source