v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Apr. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (1,308,599) $ (1,481,504)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 2,423 1,319  
Accretion 2,140 1,254 $ 6,861
Stock based compensation 129,896 110,144  
Amortization of prepaid stock based expenses 53,210 105,188  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (67,982) (286,675)  
Reclamation bond deposit (16,109)  
Accounts payable 157,075 92,091  
Accounts payable - related parties (6,364)  
Accrued liabilities (5,367) 6,196  
NET CASH USED IN OPERATING ACTIVITIES (1,059,677) (1,451,987)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of preferred stock and warrants, net of issuance cost 2,401,202  
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,401,202  
NET INCREASE (DECREASE) IN CASH 1,341,525 (1,451,987)  
CASH - beginning of period 2,197,181 7,646,279 7,646,279
CASH - end of period 3,538,706 6,194,292 $ 2,197,181
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest  
Income taxes  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Increase in asset retirement obligation 59,569  
Issuance of common stock for accrued services 12,500  
Deemed Dividends - series F preferred stock $ 2,022,712  

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