v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2017
Apr. 30, 2017
Current Assets:    
Cash $ 2,682,107 $ 3,464,229
Prepaid expenses and other current assets 104,272 74,274
Total Current Assets 2,786,379 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 7,915,371 8,667,495
Current Liabilities:    
Accounts payable 310,809 365,600
Accrued expenses 256,153 214,648
Total current liabilities 566,962 580,248
Total Liabilities 566,962 580,248
Commitments and Contingencies (Notes 8 and 10)
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 October 31, 2017 and April 30, 2017, respectively 97,367 90,534
Additional paid in capital 99,888,792 97,130,279
Accumulated deficit (92,638,015) (89,135,302)
Accumulated other comprehensive income 265 1,736
Total stockholders' equity 7,348,409 8,087,247
Total Liabilities and Stockholders' Equity $ 7,915,371 $ 8,667,495

Source

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2017
Oct. 31, 2016
Revenues:        
Revenue $ 0 $ 0 $ 0 $ 0
Operating Expenses:        
Research and development costs 515,458 253,768 943,128 428,772
Compensation expense 575,513 491,472 1,156,947 906,478
Director fees 82,135 9,000 178,481 18,000
Legal and professional 132,430 56,760 327,539 234,765
General and administrative 508,762 163,195 896,618 417,577
Total operating expenses 1,814,298 974,195 3,502,713 2,005,592
Loss from operations (1,814,298) (974,195) (3,502,713) (2,005,592)
Other income (expense):        
Interest expense 0 (356) 0 (925)
Total other income (expense), net 0 (356) 0 (925)
Net loss $ (1,814,298) $ (974,551) $ (3,502,713) $ (2,006,517)
Basic and diluted loss per share $ (0.00) $ (0.00) $ (0.00) $ (0.00)
Weighted average shares outstanding basic and diluted 973,167,811 848,910,100 949,373,602 818,540,900

Source

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,502,713) $ (2,006,517)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock issued for services 106,699 38,500
Stock issued for compensation 343,200 143,760
Stock based compensation - options 489,796 340,236
Change in assets and liabilities:    
Decrease in prepaid expenses and other current assets 44,244 59,396
Decrease in accounts payable (54,791) (35,113)
Increase (decrease) in accrued expenses 41,505 (3,536)
Decrease in license agreement obligation 0 (150,000)
Net cash used in operating activities (2,532,060) (1,613,274)
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 1,243,221
Net cash provided by financing activities 1,751,409 1,243,221
Effect of currency rate exchange on cash (1,471) 838
Net decrease in cash (782,122) (369,215)
Cash at beginning of the period 3,464,229 1,920,825
Cash at end of the period 2,682,107 1,551,610
Supplementary disclosures of cash flows information:    
Cash paid during the period for interest $ 0 $ 925

Source