Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2017
Apr. 30, 2017
CURRENT ASSETS:    
Cash $ 5,428,146 $ 6,820,623
Note receivable 0 250,000
Prepaid expenses and other current assets 552,584 198,151
Assets of discontinued operations 372,086 0
Total Current Assets 6,352,816 7,268,774
NON - CURRENT ASSETS:    
Reclamation bond deposit 81,848 41,301
Mineral rights 4,176,952 4,120,623
Total Non - Current Assets 4,258,800 4,161,924
Total Assets 10,611,616 11,430,698
CURRENT LIABILITIES:    
Accounts payable 323,070 40,550
Accounts payable - related party 2,431 2,431
Accrued liabilities 260,416 137,500
Liabilities of discontinued operations 254,744 0
Total Liabilities 840,661 180,481
Commitments and Contingencies
STOCKHOLDERS' EQUITY :    
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 14,156,766 and 6,932,059 shares issued and outstanding as of October 31, 2017 and April 30, 2017) 14,157 6,932
Additional paid-in capital 25,032,477 15,813,297
Accumulated deficit (15,275,683) (4,570,057)
Total Stockholders' Equity 9,770,955 11,250,217
Total Liabilities and Stockholders' Equity 10,611,616 11,430,698
Convertible Series C Preferred Stock [Member]    
STOCKHOLDERS' EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 authorized Convertible Series C Preferred stock ($0.001 Par Value; 45,002 Shares Authorized; 4,500 and 45,002 issued and outstanding as of October 31, 2017 and April 30, 2017; Liquidation value $450,000) $ 4 $ 45