Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Apr. 30, 2023
Apr. 30, 2022
CURRENT ASSETS:    
Cash $ 7,822,930 $ 9,111,512
Prepaid expenses and other current assets 610,140 787,902
Total current assets 8,433,070 9,899,414
NON - CURRENT ASSETS:    
Property, net 490,925 349,917
Reclamation bond deposit 857,509 832,509
Operating lease right-of-use asset, net 32,080 64,064
Mineral rights 14,370,255 16,356,862
Total non - current assets 15,750,769 17,603,352
Total assets 24,183,839 27,502,766
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 346,718 1,080,405
Operating lease liabilities, current portion 32,080 55,630
Total current liabilities 378,798 1,136,035
LONG- TERM LIABILITIES    
Warrant liability 4,230,850 2,440,000
Asset retirement obligation 285,764 260,196
Operating lease liabilities, less current portion 8,734
Deferred tax laibility 430,486 430,486
Total long-term liabilities: 4,947,100 3,139,416
Total liabilities 5,325,898 4,275,451
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
 Preferred stock, $0.001 par value; 50,000,000 authorized, none shares issued and outstanding as of April 30, 2023 and 2022
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 9,295,837 and 8,349,843 shares issued and outstanding as of April 30, 2023 and 2022) 9,296 8,350
Additional paid-in capital 84,799,263 81,555,379
Accumulated deficit (65,950,618) (58,336,414)
Total stockholders’ equity 18,857,941 23,227,315
Total liabilities and stockholders’ equity $ 24,183,839 $ 27,502,766