Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2021
Oct. 31, 2020
Income Statement [Abstract]        
Net revenues
Operating expenses:        
Compensation and related taxes - general and administrative 377,833 1,087,752 768,482 1,282,025
Exploration costs 2,941,071 1,724,211 4,772,431 1,798,559
Professional and consulting fees 643,511 1,754,200 1,719,486 2,305,000
General and administrative expenses 330,895 278,503 582,626 416,202
Total operating expenses 4,293,310 4,844,666 7,843,025 5,801,786
Loss from operations (4,293,310) (4,844,666) (7,843,025) (5,801,786)
Loss before provision for income taxes (4,293,310) (4,844,666) (7,843,025) (5,801,786)
Provision for income taxes
Net loss (4,293,310) (4,844,666) (7,843,025) (5,801,786)
Deemed dividend related to beneficial conversion feature of preferred stock (5,530,004) (5,530,004)
Net loss applicable to U.S. Gold Corp. common shareholders $ (4,293,310) $ (10,374,670) $ (7,843,025) $ (11,331,790)
Net loss per common share, basic and diluted $ (0.61) $ (2.93) $ (1.10) $ (3.51)
Weighted average common shares outstanding - basic and diluted 7,091,249 3,539,582 7,124,215 3,224,791