v3.5.0.2
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
Oct. 31, 2016
Apr. 30, 2016
Current Assets:    
Cash $ 1,551,610 $ 1,920,825
Prepaid expenses and other current assets 51,112 110,026
Total Current Assets 1,602,722 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 6,731,714 7,160,325
Current Liabilities:    
Accounts payable 300,896 336,009
Accrued expenses 148,094 151,630
License agreement obligation 0 150,000
Total current liabilities 448,990 637,639
Total Liabilities 448,990 637,639
Stockholders' Equity    
Common stock, authorized 1,490,000,000 shares, $0.0001 par value, 849,154,665 and 781,233,338 shares issued and outstanding as of October 31, 2016 and April 30, 2016, respectively 84,916 78,127
Additional paid in capital 92,894,298 91,135,370
Accumulated deficit (86,698,134) (84,691,617)
Accumulated other comprehensive income 1,644 806
Total stockholders' equity 6,282,724 6,522,686
Total Liabilities and Stockholders' Equity $ 6,731,714 $ 7,160,325

Source

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2016
Oct. 31, 2015
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 253,768 439,711 428,772 595,389
Compensation expense 491,472 400,507 906,478 848,077
Director fees 9,000 9,000 18,000 27,000
Legal and professional fees 56,760 57,988 234,765 183,063
General and administrative 163,195 728,612 417,577 1,496,600
Total operating expenses 974,195 1,635,818 2,005,592 3,150,129
Loss from operations (974,195) (1,635,818) (2,005,592) (3,150,129)
Other income (expense):        
Other income 0 430 0 335
Interest expense (356) (194) (925) (826)
Total other expense, net (356) 236 (925) (491)
Net loss $ (974,551) $ (1,635,582) $ (2,006,517) $ (3,150,620)
Basic and diluted loss per share $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average shares outstanding basic and diluted 848,910,100 745,357,022 818,540,900 741,637,252

Source

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Cash flows from operating activities:    
Net loss $ (2,006,517) $ (3,150,620)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 38,500 333,216
Stock issued for compensation 143,760 254,040
Stock based compensation - options 340,236 287,928
Stock based compensation - warrants 0 679,930
Change in assets and liabilities:    
Increase (decrease) in prepaid expenses and current assets 59,396 (80,500)
Decrease in accounts payable (35,113) (69,491)
Increase (decrease) in accrued expenses (3,536) 29,130
Decrease in license agreement obligation (150,000) (400,000)
Net cash used in operating activities (1,613,274) (2,116,367)
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 1,243,221 1,728,935
Net cash provided by financing activities 1,243,221 1,728,935
Effect of currency rate exchange on cash 838 125
Net decrease in cash (369,215) (387,307)
Cash at beginning of the period 1,920,825 2,699,737
Cash at end of the period 1,551,610 2,312,430
Supplemental disclosures of cash flows information:    
Cash paid during the period for interest $ 925 $ 826

Source