v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,497,143) $ (6,555,305)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,622 4,602
Accretion 6,666 4,854
Stock based compensation 1,061,857 1,333,574
Amortization of prepaid stock based expenses 145,210 183,226
Deferred income taxes 438,145
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (77,508) 244,542
Reclamation bond deposit (16,109) (254,019)
Accounts payable (177,597) (60,311)
Accounts payable - related parties 1,967 29,089
Accrued liabilities (5,367)
NET CASH USED IN OPERATING ACTIVITIES (3,551,402) (4,631,603)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds received in connection with the share exchange agreement 159,063
NET CASH PROVIDED BY INVESTING ACTIVITIES 159,063
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of preferred stock and warrants, net of issuance cost 2,401,202
Issuance of common stock, net of offering costs 178,872
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,401,202 178,872
NET DECREASE IN CASH (991,137) (4,452,731)
CASH - beginning of period 2,197,181 7,646,279
CASH - end of period 1,206,044 3,193,548
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase in asset retirement obligation 81,885
Issuance of common stock for accrued services 26,903 12,500
Deemed dividends - Series F preferred stock 2,022,712
Issuance of common stock in connection with the share exchange agreement 2,020,000
Assumption of liabilities in connection with the share exchange agreement 125,670
Increase in mineral properties in connection with the share exchange agreement 1,986,607
Issuance of common stock for prepaid services $ 174,616

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