Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2023
Apr. 30, 2022
CURRENT ASSETS:    
Cash $ 5,282,584 $ 9,111,512
Prepaid expenses and other current assets 463,928 787,902
Total current assets 5,746,512 9,899,414
NON - CURRENT ASSETS:    
Property, net 498,968 349,917
Reclamation bond deposit 832,509 832,509
Operating lease right-of-use asset, net 45,591 64,064
Mineral rights 14,370,255 16,356,862
Total non - current assets 15,747,323 17,603,352
Total assets 21,493,835 27,502,766
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 474,917 1,080,405
Operating lease liabilities, current portion 40,429 55,630
Total current liabilities 515,346 1,136,035
LONG- TERM LIABILITIES    
Warrant liability 1,675,000 2,440,000
Asset retirement obligation 279,439 260,196
Operating lease liabilities, less current portion 5,237 8,734
Total long-term liabilities: 1,959,676 2,708,930
Total liabilities 2,475,022 3,844,965
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 authorized Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 8,371,590 and 8,349,843 shares issued and outstanding as of January 31, 2023 and April 30, 2022) 8,372 8,350
Additional paid-in capital 82,652,057 81,555,379
Accumulated deficit (63,641,616) (57,905,928)
Total stockholders’ equity 19,018,813 23,657,801
Total liabilities and stockholders’ equity $ 21,493,835 $ 27,502,766