Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2023
Apr. 30, 2023
CURRENT ASSETS:    
Cash $ 3,963,551 $ 7,822,930
Prepaid expenses and other current assets 518,850 610,140
Total current assets 4,482,401 8,433,070
NON - CURRENT ASSETS:    
Property, net 474,452 490,925
Reclamation bond deposit 845,335 857,509
Operating lease right-of-use asset, net 76,976 32,080
Mineral rights 14,370,255 14,370,255
Total non - current assets 15,767,018 15,750,769
Total assets 20,249,419 24,183,839
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 442,244 346,718
Operating lease liabilities, current portion 45,491 32,080
Total current liabilities 487,735 378,798
LONG- TERM LIABILITIES    
Warrant liability 2,720,900 4,230,850
Asset retirement obligation 293,619 285,764
Operating lease liabilities, less current portion 31,485
Deferred tax liability 430,486 430,486
Total long-term liabilities: 3,476,490 4,947,100
Total liabilities 3,964,225 5,325,898
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 authorized, none shares issued and outstanding as of October 31, 2023 and April 30, 2023
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 9,332,277 shares and 9,295,837 shares issued and outstanding as of October 31, 2023 and April 30, 2023) 9,332 9,296
Additional paid-in capital 85,379,593 84,799,263
Accumulated deficit (69,103,731) (65,950,618)
Total stockholders’ equity 16,285,194 18,857,941
Total liabilities and stockholders’ equity $ 20,249,419 $ 24,183,839