v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2019
Jan. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,555,305) $ (12,477,984)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,602
Accretion 4,854
Stock based compensation 1,233,574 665,210
Salary paid with shares 100,000
Exploration expense paid with shares 183,226
Amortization of prepaid stock-based expenses 242,537
Deferred income taxes 438,145
Impairment expense 6,094,760
Gain on sale of business (94,485)
Gain on extinguishment of liabilities (248,684)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 244,542 (404,725)
Reclamation bond deposit and other assets (254,019) (27,881)
Accounts payable and accrued liabilities (60,311) (10,385)
Accounts payable - related parties 29,089
NET CASH USED IN OPERATING ACTIVITIES (4,631,603) (6,261,637)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds received from sale of business 326,404
Investment in note receivable (20,479)
NET CASH PROVIDED BY INVESTING ACTIVITIES 305,925
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of preferred stock and warrants, net of issuance cost 4,918,620
Issuance of common stock, net of issuance cost 178,872 2,590,004
NET CASH PROVIDED BY FINANCING ACTIVITIES 178,872 7,508,624
NET INCREASE (DECREASE) IN CASH (4,452,731) 1,552,912
CASH - beginning of period 7,646,279 6,820,623
CASH - end of period 3,193,548 8,373,535
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Grant of stock options for the acquisition of mineral rights 35,850
Increase in asset retirement obligation 81,885
Issuance of common stock pursuant to merger 5,661,935
Conversion of preferred stock into common stock 43
Issuance of common stock for accrued services 12,500 137,500
Issuance of common stock for prepaid services $ 174,616 $ 253,937

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