v3.20.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Income Statement [Abstract]        
Net revenues
Operating expenses:        
Compensation and related taxes - general and administrative 1,087,752 290,364 1,282,025 577,446
Exploration costs 1,724,211 943,356 1,798,559 1,138,749
Professional and consulting fees 1,754,200 822,313 2,305,000 1,466,386
General and administrative expenses 278,503 171,053 416,202 353,104
Total operating expenses 4,844,666 2,227,086 5,801,786 3,535,685
Loss from operations (4,844,666) (2,227,086) (5,801,786) (3,535,685)
Loss before benefit (provision) for income taxes (4,844,666) (2,227,086) (5,801,786) (3,535,685)
Provision for income taxes
Net loss (4,844,666) (2,227,086) (5,801,786) (3,535,685)
Deemed dividend related to beneficial conversion feature of preferred stock (5,530,004) (5,530,004) (2,022,712)
Net loss applicable to U.S. Gold Corp. common shareholders $ (10,374,670) $ (2,227,086) $ (11,331,790) $ (5,558,397)
Net Loss per common share, basic and diluted $ (2.93) $ (0.99) $ (3.51) $ (2.60)
Weighted average common shares outstanding - basic and diluted 3,539,582 2,257,431 3,224,791 2,136,398

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