v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Apr. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (957,120) $ (1,308,599)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 4,200 2,423  
Accretion 4,060 2,140 $ 10,474
Stock based compensation 71,480 129,896  
Amortization of prepaid stock based expenses 53,210  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (175,997) (67,982)  
Reclamation bond deposit (22,000) (16,109)  
Accounts payable 31,429 157,075  
Accounts payable - related parties 31,038 (6,364)  
Accrued liabilities (5,367)  
NET CASH USED IN OPERATING ACTIVITIES (1,012,910) (1,059,677)  
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 (DECREASE) INCREASE IN CASH (1,012,910) 1,341,525  
CASH - beginning of year 2,749,957 2,197,181 2,197,181
CASH - end of period 1,737,047 3,538,706 $ 2,749,957
Cash paid for:      
Interest  
Income taxes  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Issuance of common stock for accrued services 12,500  
Deemed dividends - Series F preferred stock 2,022,712  
Issuance of common stock in connection with conversion of preferred stock $ 21 $ 108  

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