Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Oct. 31, 2017
Oct. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,705,626) $ (2,036,518)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 520,249 837,500
Amortization of prepaid stock based expenses 246,521
Impairment expense 6,094,760
Gain on sale of business (102,023)
Gain on extinguishment of liabilities 245,256
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (733,496) (239,206)
Reclamation bond deposit (27,882) (16,684)
Accounts payable 282,520 21,768
Accounts payable - related parties (40,035)
Accrued liabilities 381,827
NET CASH USED IN OPERATING ACTIVITIES (4,288,406) (1,473,175)
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, net of issuance cost 10,865,826
Issuance of common stock 2,590,004
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,590,004 10,457,202
NET (DECREASE) INCREASE IN CASH (1,392,477) 8,695,110
CASH - beginning of period 6,820,623 305,661
CASH - end of period 5,428,146 9,000,771
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
Grant of stock options for the acquisition of mineral rights 184,968
Issuance of common stock for accrued services 137,500
Issuance of common stock for prepaid services $ 280,825