Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Income Statement [Abstract]    
Net revenues
Operating expenses:    
Compensation and related taxes - general and administrative 1,366,168 2,246,202
Exploration costs 1,278,372 2,584,417
Professional and consulting fees 2,381,513 2,204,359
General and administrative expenses 661,442 576,227
Total operating expenses 5,687,495 7,611,205
Loss before benefit (provision) for income taxes (5,687,495) (7,611,205)
Benefit (provision) for income taxes 438,145 (435,345)
Net loss (5,249,350) (8,046,550)
Deemed dividend related to beneficial conversion feature of preferred stock (2,086,212)
Net loss applicable to U.S. Gold Corp. common shareholders $ (7,335,562) $ (8,046,550)
Net Loss per common share, basic and diluted $ (3.17) $ (4.36)
Weighted average common shares outstanding - basic and diluted 2,316,610 1,847,156