v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2018
Jan. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (12,477,984) $ (3,684,964)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 665,210 875,000
Amortization of prepaid stock based expenses 242,537
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 (404,725) (112,601)
Reclamation bond deposit and other assets (27,881) (32,311)
Accounts payable 138,759 (24,464)
Accounts payable - related parties (40,035)
Accrued liabilities (149,144) 89,115
NET CASH USED IN OPERATING ACTIVITIES (6,261,637) (2,930,260)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds received from sale of business 326,404
Acquisition of mineral rights (20,479) (288,917)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 305,925 (288,917)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of note payable - related party (285,000)
Repayments to related party for advances (123,624)
Issuance of preferred stock and warrants, net of issuance cost 4,918,620 10,865,826
Issuance of common stock 2,590,004
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,508,624 10,457,202
NET INCREASE IN CASH 1,552,912 7,238,025
CASH - beginning of period 6,820,623 305,661
CASH - end of period 8,373,535 7,543,686
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 4,242
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock for the acquisition of mineral rights 35,850 555,000
Issuance of common stock pursuant to merger 5,661,935
Grant of stock options for the acquisition of mineral rights 184,968
Conversion of preferred stock into common stock 43
Issuance of common stock for accrued services 137,500
Issuance of common stock for prepaid services $ 253,937

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