Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2017
Apr. 30, 2017
CURRENT ASSETS:    
Cash $ 4,346,618 $ 6,820,623
Note receivable 250,000
Prepaid expenses and current assets 774,786 198,151
Assets held for sale - current 3,550,556
Total Current Assets 8,671,960 7,268,774
NON - CURRENT ASSETS:    
Reclamation bond deposit 46,482 41,301
Mineral rights 4,120,623 4,120,623
Assets held for sale - long term 37,984
Total Non - Current Assets 4,205,089 4,161,924
Total Assets 12,877,049 11,430,698
CURRENT LIABILITIES:    
Accounts payable 290,484 40,550
Accounts payable - related party 2,431 2,431
Accrued liabilities 722,197 137,500
Liabilities held for sale - current 3,603,671
Total Current Liabilities 4,618,783 180,481
LONG- TERM LIABILITIES    
Liabilities held for sale - long term 23,891
Total Liabilities 4,642,674 180,481
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value ; 5,000,000 authorized Convertible Series C Preferred stock $0.001 Par Value; 45,002 Shares Authorized; 8,182 and 45,002 issued and outstanding as of July 31, 2017 and April 30, 2017 (Liquidation value $818,200) 8 45
Common stock $0.001 Par Value; 54,000,000 Shares Authorized; 12,035,816 and 6,932,059 shares issued and outstanding as of July 31, 2017 and April 30, 2017 12,036 6,932
Additional paid-in capital 22,070,169 15,813,297
Accumulated deficit (13,847,838) (4,570,057)
Total Stockholders’ Equity 8,234,375 11,250,217
Total Liabilities and Stockholders’ Equity $ 12,877,049 $ 11,430,698