Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Income Statement [Abstract]    
Net revenues
Operating expenses:    
Compensation and related taxes - general and administrative 2,287,020 3,334,227
Exploration costs 7,231,097 4,019,838
Professional and consulting fees 4,228,139 4,085,516
General and administrative expenses 1,205,786 947,513
Total operating expenses 14,952,042 12,387,094
Loss from operations (14,952,042) (12,387,094)
Other income (expense):    
Offering cost related to warrant liability (190,840)
Change in fair value of warrant liability 1,212,000
Total other income, net 1,021,160
Loss before provision for income taxes (13,930,882) (12,387,094)
Provision for income taxes
Net loss (13,930,882) (12,387,094)
Deemed dividend related to beneficial conversion feature of preferred stock (5,530,004)
Net loss applicable to U.S. Gold Corp. common shareholders $ (13,930,882) $ (17,917,098)
Net loss per common share, basic and diluted $ (1.92) $ (3.80)
Weighted average common shares outstanding - basic and diluted 7,253,760 4,712,755