Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Income Statement [Abstract]    
Net revenues
Operating expenses:    
Compensation and related taxes - general and administrative 3,334,227 1,366,168
Exploration costs 4,019,838 1,278,372
Professional and consulting fees 4,085,516 2,381,513
General and administrative expenses 947,513 661,442
Total operating expenses 12,387,094 5,687,495
Loss from operations (12,387,094) (5,687,495)
Loss before benefit for income taxes (12,387,094) (5,687,495)
Benefit from income taxes 438,145
Net loss (12,387,094) (5,249,350)
Deemed dividend related to beneficial conversion feature of preferred stock (5,530,004) (2,086,212)
Net loss applicable to U.S. Gold Corp. common shareholders $ (17,917,098) $ (7,335,562)
Net Loss per common share, basic and diluted $ (3.80) $ (3.17)
Weighted average common shares outstanding - basic and diluted 4,712,755 2,316,610