0001493152-17-010612.txt : 20170914 0001493152-17-010612.hdr.sgml : 20170914 20170914163135 ACCESSION NUMBER: 0001493152-17-010612 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20170731 FILED AS OF DATE: 20170914 DATE AS OF CHANGE: 20170914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: U.S. GOLD CORP. CENTRAL INDEX KEY: 0000027093 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 221831409 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-08266 FILM NUMBER: 171085947 BUSINESS ADDRESS: STREET 1: P O BOX 7528 CITY: PRINCETON STATE: NJ ZIP: 08543 BUSINESS PHONE: 6097990071 MAIL ADDRESS: STREET 1: PO BOX 7528 CITY: PRINCETON STATE: NJ ZIP: 08543-7528 FORMER COMPANY: FORMER CONFORMED NAME: DATARAM CORP DATE OF NAME CHANGE: 19920703 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended July 31, 2017

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

  For the transition period from _____________ to _____________

 

Commission file number: 1-08266

 

U.S. GOLD CORP.

(Formerly known as Dataram Corporation) 

(Exact name of registrant as specified in its charter)

 

Nevada   22-1831409

(State or other jurisdiction of

 incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

1910 E. Idaho Street, Suite 102-Box 604, Elko, NV   89801
(Address of principal executive offices)   (Zip Code)

 

(800) 557-4550
(Registrant’s telephone number, including area code)

 

 
(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [  ] No

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [  ] No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer , a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check One):

 

See definition of “accelerated filer,” “large accelerated filer,” “smaller reporting company” and “Emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer [  ] Accelerated filer [  ] Non-accelerated filer [  ] Smaller reporting company [X] Emerging growth Company [  ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [  ] Yes [X] No

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Common Stock ($.001 par value): As of September 13, 2017, there were 12,399,714 shares outstanding.

 

 

 

 
 

 

U.S. GOLD CORP.

FORM 10-Q

TABLE OF CONTENTS

 

PART I – FINANCIAL INFORMATION  
   
Item 1. Financial Statements- Unaudited 3
 

Condensed Consolidated Balance Sheet as of July 31, 2017 (unaudited) and April 30, 2017

3
  Condensed Consolidated Statements of Operations for the Three Months ended July 31, 2017 and 2016 (unaudited) 4
  Condensed Consolidated Statement of Changes in Stockholders’ Equity (unaudited) 5
  Condensed Consolidated Statements of Cash Flows for the Three Months ended July 31, 2017 and 2016 (unaudited) 6
  Notes to Condensed Consolidated Financial Statements (unaudited) 7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 21
Item 3. Quantitative and Qualitative Disclosures About Market Risk 25
Item 4. Controls and Procedures 25
   
PART II – OTHER INFORMATION  
     
Item 1. Legal Proceedings 25
Item 1A. Risk Factors 25
Item 2. Unregistered Sales of Equity Securities and use of Proceeds 25
Item 3. Defaults Upon Senior Securities 25
Item 4. Mine Safety Disclosures 26
Item 5. Other Information 26
Item 6. Exhibits 26
Signature Page 27

 

2 
 

 

PART I: FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS.

 

U.S. GOLD CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

   July 31, 2017   April 30, 2017 
  

(unaudited)

     
ASSETS          
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 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
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 

 

See the accompanying notes are integral part of the unaudited condensed consolidated financial statements.

 

3 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 

   For the Three Months   For the Three Months 
   Ended   Ended 
   July 31, 2017   July 31, 2016 
         
Net revenues  $-   $- 
           
Operating expenses:          
Compensation and related taxes   1,389,814    249,105 
Exploration costs   767,883    111,246 
Professional fees   861,463    878,089 
General and administrative expenses   187,173    99,733 
           
Total operating expenses   3,206,333    1,338,173 
           
Operating loss from operations from continuing operations   (3,206,333)   (1,338,173)
           
Other expense:          
Interest expense - related party   -    (4,242)
           
Total other expense   -    (4,242)
           
Loss from continuing operations before provision for income taxes   (3,206,333)   (1,342,415)
           
Provision for income taxes   -    - 
           
Loss from continuing operations   (3,206,333)   (1,342,415)
           
Discontinued operations:          

Loss from discontinued operations (including impairment expense

of 6,094,760)

   (6,071,448)   - 
           
Net loss  $(9,277,781)  $(1,342,415)
           
Loss per common share, basic and diluted          
Loss from continuing operations  $(0.35)  $(1.56)
Loss from held for sale operations  $(0.65)  $0.00 
Total losses  $

(1.00

)  $

(1.56

)
          
Weighted average common shares outstanding - basic and diluted   9,252,624    858,333 

 

See the accompanying notes are integral part of the unaudited condensed consolidated financial statements.

 

4 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

For the three months ended July 31, 2017

 

   Preferred Stock - Series C
$0.001 Par Value
   Common Stock
$0.001 Par Value
   Additional
Paid-in
   Accumulated   Total
Stockholders’
 
   Shares   Amount   Shares   Amount   Capital   Deficit   Equity 
                             
Balance, April 30, 2017   45,002   $45    6,932,059   $6,932   $15,813,297   $(4,570,057)  $11,250,217 
                                    
Merger with Dataram Corporation   -    -    1,204,667    1,205    5,660,730         5,661,935 
                                    
Shares of common stock to be issued for cash   -    -    179,211    179    499,825    -    500,004 
                                    
Conversion of preferred stock into common stock   (36,820)   (37)   3,682,000    3,682    (3,645)   -    - 
                                    
Issuance of common stock for accrued services   -    -    37,879    38    99,962    -    100,000 
                                    
Net loss   -    -    -    -    -    (9,277,781)   (9,277,781)
                                    
Balance, July 31, 2017   8,182   $8    12,035,816   $12,036   $22,070,169   $(13,847,838)  $8,234,375 

 

See the accompanying notes are integral part of the unaudited condensed consolidated financial statements.

 

5 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 

   For the Three Months   For the Three Months 
   Ended   Ended 
   July 31, 2017   July 31, 2016 
         
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss  $(9,277,781)  $(1,342,415)
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock based compensation   12,500    825,000 
Impairment expense   6,094,760    - 
Changes in operating assets and liabilities:          
Prepaid expenses and other current assets   (589,135)   (45,730)
Assets of held for sale operations - current   (692,497)   - 
Reclamation bond deposit   (5,181)   - 
Assets of held for sale operations - long term   8,000    - 
Accounts payable and accrued liabilities   934,631    90,692 
Accounts payable and accrued liabilities - related parties   -    69,089 
Liabilities of held for sale operations - current   552,638    - 

Liabilities of held for sale operations - long term

   (11,944)   - 
           
NET CASH USED IN OPERATING ACTIVITIES   (2,974,009)   (403,364)
           
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of mineral rights   -    (288,917)
           
NET CASH USED IN INVESTING ACTIVITIES   -    (288,917)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Issuance of preferred stock, net of issuance cost   -    4,587,406 
Issuance of common stock   500,004    - 
           
NET CASH PROVIDED BY FINANCING ACTIVITIES   500,004    4,587,406 
           
NET (DECREASE) INCREASE IN CASH   (2,474,005)   3,895,125 
           
CASH - beginning of period   6,820,623    305,661 
           
CASH - end of period  $4,346,618   $4,200,786 
           
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Cash paid for:          
Interest  $-   $- 
Income taxes  $-   $- 
           

SUPPLEMENTAL DISCLOSURE OF NON -CASH INVESTING AND FINANCING ACTIVITIES:

          
Issuance of common stock for the acquisition of mineral rights  $-   $555,000 
Grant of stock options for the acquisition of mineral rights  $-   $184,968 
Issuance of common stock for merger  $

5,661,935

    - 
Issuance of common stock for accrued services  $100,000   $- 

 

See the accompanying notes are integral part of the unaudited condensed consolidated financial statements.

 

6 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Organization

 

U.S. Gold Corp., formerly known as Dataram Corporation (the “Company”) was incorporated under the laws of the State of Nevada and was originally incorporated in the State of New Jersey in 1967. Effective June 26, 2017, the Company changed its legal name to U.S. Gold Corp. from Dataram Corporation. On May 23, 2017, the Company merged with Gold King Corp. (“Gold King”), in a transaction treated as a reverse acquisition and recapitalization, and the business of Gold King became the business of the Company. The financial statements are those of Gold King (the accounting acquirer) prior to the merger and include the activity of Dataram Corporation (the legal acquirer) from the date of the merger. Gold King is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada and Wyoming. None of the Company’s properties contain proven and probable reserves and all of the Company’s activities on all of its properties are exploratory in nature.

 

On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada in order to effectuate a reverse stock split of the Company’s issued and outstanding common stock on a one for four basis. All share and per share values of the Company’s common stock for all periods presented in the accompanying unaudited condensed consolidated financial statements are retroactively restated for the effect of the  reverse stock split in accordance with Staff Accounting Bulletin 4C.

 

Recent developments- Acquisition

 

On June 13, 2016, Gold King, a private Nevada corporation, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with the Company, the Company’s wholly-owned Subsidiaries, Dataram Acquisition Sub, Inc., a Nevada corporation (“Acquisition Sub”), and all of the principal shareholders of Gold King (the “Gold King Shareholders”). Upon closing of the transactions contemplated under the Merger Agreement (the “Merger”), Gold King merged with and into Acquisition Sub with Gold King as the surviving corporation and became a wholly-owned subsidiary of the Company.

 

On May 23, 2017, the Company closed the Merger with Gold King. The Merger has constituted a change of control or change in control, the majority of the Board of Directors changed with the consummation of the Merger. The Company issued to Gold King shares of common stock which represented approximately 90% of the combined company.

 

On July 31, 2017, the Company’s Board of Directors, or Board reviewed and approved the recommendation of management to consider strategic options for Dataram Corporation’s legacy business (“Dataram Memory”) including the sale of the business, within the next 12 months. In approving the recommendation and adopting a formal plan, the Board retained the right to review all offers received and have final approval on any sale of the business. As such, the legacy business activities will be re-classed and reported as “discontinued operations”, assets and liabilities will be reflected on the balance sheet as “held for sale”.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation and Liquidity

 

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes the unaudited condensed consolidated financial statements and present the consolidated financial statements of the Company and its wholly-owned subsidiaries as of July 31, 2017. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended April 30, 2017, which are contained elsewhere in the Form 8-K/A filed on July 31, 2017. The consolidated balance sheet as of April 30, 2017 was derived from those financial statements. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year ended April 30, 2018.

 

As reflected in the accompanying unaudited condensed consolidated financial statements, the Company had a net loss and used cash in its operations of approximately $9.3 million and $3.0 million, respectively, for the three months ended July 31, 2017. Additionally, the Company had an accumulated deficit of approximately $13.8 million at July 31, 2017. The Company took steps to mitigate these factors by completing private placements to several investors for the sale of the Company’s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.

 

The above steps substantially lowered the Company’s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.

 

7 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

 

Use of Estimates and Assumptions

 

In preparing the unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral  rights, assets held for sale, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.

 

Fair Value of Financial Instruments

 

The Company adopted Accounting Standards Codification (“ASC”) ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied in accordance with accounting principles generally accepted in the United States of America that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

 

ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

 

These inputs are prioritized below:

 

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

 

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

The carrying amounts reported in the condensed consolidated balance sheets for cash, prepaid expense and other current assets – current, accounts payable, accrued liabilities and liabilities – current, approximate their estimated fair values based on the short-term maturity of these instruments.

 

8 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

 

Goodwill and other intangible assets

 

In accordance with ASC 350-30-65, the Company assesses the impairment of identifiable intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following:

 

  1. Significant underperformance relative to expected historical or projected future operating results;
  2. Significant changes in the manner of use of the acquired assets or the strategy for the overall business; and
  3. Significant negative industry or economic trends.

 

When the Company determines that the carrying value of intangibles may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows.

 

Impairment of long-lived assets

 

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. During the quarter ended July 31, 2017, in accordance with section 6.1 of the Amended and Restated Agreement and Plan of Merger, the Company began to market the assets of Dataram Memory. In connection with this process, the Company determined that the carrying value of Goodwill exceeded its fair value, which triggered an impairment analysis. The Company recorded a goodwill impairment expense of $6,094,760 during the three months ended July 31, 2017.

 

Mineral Rights

 

Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.

 

When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, “Impairment of long-lived assets”, and evaluates its carrying value under ASC 930-360, “Extractive Activities - Mining”, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.

 

To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed.

 

ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

 

9 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

 

ASC 930-805 provides that in measuring the fair value of mineral assets, an acquirer should take into account both:

 

        The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.

 

        The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.

 

Revenue Recognition

 

Revenue is recognized when title passes upon shipment of goods to customers. The Company’s revenue earning activities relate to Dataram Memory and involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale in accordance with the Revenue Recognition – Right of Return Topic of the FASB ASC. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.

 

Share-Based Compensation

 

Share-based compensation is accounted for based on the requirements of ASC 718, “Compensation – Stock Compensation’ (“ASC 718”) which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC 505, “Equity – Equity Based Payments to Non-Employees” (“ASC 505-50”), for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant date. Until the measurement date is reached, the total amount of compensation expense remains uncertain.

 

Income taxes

 

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

 

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

 

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

 

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred income tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.

 

10 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

 

Recent Accounting Pronouncements

 

In January 2017, the FASB issued ASU 2017-01 “Business Combinations (Topic 805): Clarifying the Definition of a Business”, which clarifies the definition of a business to assist entities with evaluating whether transactions should  be accounted for as acquisitions or disposals of assets or businesses. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output to be considered a business. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company early adopted this ASU on May 1, 2017, and expects that the adoption of this ASU could have a material impact on future consolidated financial statements for acquisitions that are not considered to be businesses.

 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

 

NOTE 3 — MINERAL RIGHTS

 

Copper King Project

 

The mineral properties consist of the Copper King gold and copper development project located in the Silver Crown Mining District of southeast Wyoming (the “Copper King Project”) and certain unpatented mining claims in Meagher County Montana. On July 2, 2014, the Company entered into an Asset Purchase Agreement ( the “Asset Purchase Agreement”) whereby the Company acquired certain mining leases and other mineral rights comprising the Copper King project and certain unpatented mining claims located in Montana. Pursuant to the Asset Purchase Agreement, the purchase price was (a) cash payment in the amount of $1.5 million and (b) closing shares calculated at 50% of the issued and outstanding shares of the Company’s common stock and valued at $1.5 million.

 

In accordance with ASC 360-10, “Property, Plant, and Equipment”, assets are recognized based on their cost to the acquiring entity, which generally includes the transaction costs of the asset acquisition. Accordingly, the Company recorded a total cost of the acquired mineral properties of $3,091,738 which includes the purchase price ($3,000,000) and related transaction cost.

 

Keystone Project

 

The Company, through its wholly-owned subsidiary, U.S. Gold Acquisition, Inc., acquired the mining claims comprising the Keystone Project on May 27, 2016 from Nevada Gold Ventures, LLC (“Nevada Gold”) and Americas Gold Exploration, Inc. (collectively the “Sellers”) under the terms of the Purchase and Sale Agreement (the “Purchase and Sale Agreement”). At the time of purchase, the Keystone Project consisted of 284 unpatented lode mining claims situated in Eureka County, Nevada. The purchase price for the Keystone Property consisted of the following: (a) cash payment in the amount of $250,000, (b) the closing shares which is equivalent to 462,500 shares of the Company’s common stock and (c) an aggregate of 231,458 five-year options to purchase shares of the Company’s common stock at an exercise price of $3.60 per share.

 

The Company valued the common shares at the fair value of $555,000 or $1.20 per common share based on the contemporaneous sale of its preferred stock in a private placement at $0.10 per common share. The options were valued at $184,968. The options shall vest over a period of two years whereby 1/24 of the options shall vest and become exercisable each month for the next 24 months. The options are non-forfeitable and are not subject to obligations or service requirements.

 

Accordingly, the Company recorded a total cost of the acquired mineral properties of $1,028,885 which includes the purchase price ($989,968) and related transaction cost ($38,917).

 

11 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 3 — MINERAL RIGHTS (continued)

 

Some of the Keystone claims are subject to pre-existing net smelter royalty (“NSR”) obligations. In addition, under the terms of the Purchase and Sale Agreement, Nevada Gold retained additional NSR rights of 0.5% with regard to certain claims and 3.5% with regard to certain other claims. Under the terms of the Purchase and Sale Agreement, the Company may buy down one percent (1%) of the royalty from Nevada Gold at any time through the fifth anniversary of the closing date for $2,000,000. In addition, the Company may buy down an additional one percent (1%) of the royalty anytime through the eighth anniversary of the closing date for $5,000,000.

 

As of the date of these unaudited condensed consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition costs and exploration costs.

 

Mineral properties consisted of the following:

 

   July 31, 2017   April 30, 2017 
Copper King project  $3,091,738   $3,091,738 
Keystone project   1,028,885    1,028,885 
Total  $4,120,623   $4,120,623 

 

NOTE 4 — ACQUISITION

 

On May 23, 2017, the Company closed the Merger with Gold King. Pursuant to the terms of the Merger Agreement and as consideration for the acquisition of Gold King, on the closing date, 2,446,433 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) were issued to holders of Gold King’s common stock, Series A Preferred Stock, Series B Preferred Stock and certain incoming officers. In addition, 45,000.18 shares of the Company’s newly designated Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), convertible into an aggregate of 4,500,180 shares of the Company’s Common Stock that were to be issued to Copper King, 45,500.18 shares of Series C Preferred Stock were issued to Copper King on the Closing and 4,500.01 shares of Series C Preferred Stock are to be held in escrow pursuant to the terms of the Escrow Agreement and 4,523,589 shares of the Company’s common stock and warrants to purchase up to 452,359 shares of the Company’s common stock were issued to the holders of Gold King’s Series C Preferred Stock. Additionally, 231,458 of the Company’s stock options were issued to the holders of Gold King’s outstanding stock options issued in connection with the closing of the acquisition of the Keystone Project.

 

12 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 4 — ACQUISITION (continued)

 

As a result of the merger, for financial statement reporting purposes, the business combination between the Company and Gold King has been treated as a reverse acquisition and recapitalization with Gold King deemed the accounting acquirer and the Company deemed the accounting acquiree under the acquisition method of accounting in accordance with FASB Accounting Standards Codification (“ASC”) Section 805-10-55. At the time of the Merger, both the Company and Gold King have their own separate operating segments. Accordingly, the assets and liabilities and the historical operations that are reflected in the consolidated financial statements after the Merger are those of the Gold King and are recorded at the historical cost basis of the Company. The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Gold King which are recorded at historical cost.

 

The Company’s assets and liabilities were recorded at their fair values as of the date of the Merger and the results of operations of the Company are consolidated with results of operations of Gold King starting on the date of the Merger. The Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common stock of the Company prior to the closing of the Merger. The Company accounted for the value under ASC 805-50-30-2 “Business Combinations” whereby if the consideration is not in the form of cash, the measurement is based on either the cost which shall be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and thus more reliably measurable. The Company deemed that the fair value of the consideration given was $4.70 per share based on the quoted trading price on the date of the Merger amounting to $5,661,935 which is more clearly evident and more reliable measurement basis. The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date.

 

As a result of the reverse merger, the total purchase consideration exceeded the net assets acquired. The Company recorded approximately $6,100,000 of goodwill. None of the goodwill recognized is expected to be deductible for income tax purposes. The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

 

13 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 4 — ACQUISITION (continued)

 

The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:

 

Current assets (including cash of $255,555)  $3,063,059 
Other assets   45,984 
Goodwill   6,094,760 
      
Liabilities assumed (including a note payable – credit line of $1,096,504)   (3,541,868)
Net purchase price  $5,661,935 

 

During the three months ended July 31, 2017, the Company recorded an impairment loss of $6,094,760 as the Company determined that the carrying value of the goodwill is not recoverable.

 

The Company has determined that if the business combination would have occurred on the first day of the reporting period there would not have been a material change to the continuing operations of the financial statements presented

 

Credit Facility Assumed

 

The Company has a financing agreement (the “Financing Agreement”) with Rosenthal & Rosenthal, Inc. that provides for a revolving loan with a maximum borrowing capacity of $3,500,000. The Financing Agreement renewal date was August 31, 2017 and will renew from year to year unless such Financing Agreement is terminated as set forth in the loan agreement. The amount outstanding under the Financing Agreement bears interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the “Effective Rate”) or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting the Company’s ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. The Financing Agreement provides for advances against eligible accounts receivable and inventory balances based on prescribed formulas of raw materials and finished goods. On July 31, 2017 the Company had approximately $1,090,000 in borrowings. Borrowings at April 30, 2017 totaled approximately $1,340,000.

 

NOTE 5 — RELATED PARTY TRANSACTIONS

 

Accounts payable to related party as of July 31, 2017 and April 30, 2017 was $2,431, and was reflected as accounts payable and accrued liabilities – related party in the accompanying unaudited condensed consolidated balance sheets. The related party is the managing partner of Copper King LLC who was a principal stockholder of Gold King.

 

NOTE 6 — STOCKHOLDERS’ EQUITY

 

On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended with the Secretary of State of the State of Nevada in order to (i) effectuate a reverse stock split of the Company’s issued and outstanding common stock, par value $0.001 per share on a one (1) for four (4) basis and (ii) increase the Company’s authorized number of shares of common stock and preferred stock to 200,000,000 shares from 54,000,000 shares and 50,000,000 shares from 5,000,000 shares, respectively.

 

Series C Convertible Preferred Stock

 

In May 2017, the Company designated 45,002 shares of Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”). Each share of Series C Preferred Stock is convertible into shares of the Company’s common stock with a stated value of $1,000 per share and conversion price of $1.00 per share of common stock, subject to adjustment in the event of stock split, stock dividends, and recapitalization or otherwise. The holders of the Series C Preferred Stock shall not possess any voting rights. The Series C Preferred Stock does not contain any redemption provision. The Series C Preferred Stock are entitled to a liquidation preference equal to the par value of $0.001, prior to any payments to holders of (i) any other class or series of capital stock whose terms expressly provide that the holders of preferred shares should receive preferential payment with respect to such distribution and (ii) the common stock.

 

Common Stock

 

In connection with the Merger, the Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common shares of the Company prior to the closing of the Merger (see Note 4).

 

14 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 6 — STOCKHOLDERS’ EQUITY (continued)

 

In May 2017, in connection with the Merger (see Note 4), the Company issued 37,879 shares of the Company’s common stock having a fair value of $100,000 to the Chief Geologist for services rendered to the Company from June 2016 to January 2017 pursuant to his employment agreement with the Company’s wholly-owned subsidiary Gold King (see Note 8). Consequently, the Company reduced accrued salaries by $100,000 as of July 31, 2017.

 

In July 2017, the Company sold 179,211 shares of its common stock at $2.79 per common share for proceeds of approximately $500,000.

 

Between May 2017 and July 2017, the Company issued 3,682,000 shares of the Company’s common stock in exchange for the conversion of 36,820 shares of the Company’s Series C Preferred Stock.

 

Stock Options

 

A summary of the Company’s outstanding stock options as of July 31, 2017 and changes during the period then ended are presented below:

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)   231,458   $3.60    4.01 
Granted            
Exercised            
Forfeited            
Cancelled            
Balance at July 31, 2017   231,458    3.60    3.76 
                
Options exercisable at end of period   135,017   $3.60      
Options expected to vest   96,441   $3.60      
Weighted average fair value of options granted during the period       $      

 

The 96,441 options are expected to vest over the next 10 months.

 

15 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 6 — STOCKHOLDERS’ EQUITY (continued)

 

Stock Warrants

 

A summary of the Company’s outstanding stock warrants as of July 31, 2017 and changes during the period then ended are presented below:

 

   Number of
Warrants
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)   452,359   $2.64    4.23 
Recapitalization on May 23, 2017   33,415    32.61    0.90 
Granted            
Exercised            
Forfeited            
Cancelled            
Balance at July 31, 2017   

485,774

    3.80    4.70 
                
Warrants exercisable at end of period   

485,774

   $3.80      
Warrants expected to vest      $      
Weighted average fair value of warrants granted during the period       $      

 

NOTE 7 — NET LOSS PER COMMON SHARE

 

Net loss per common share is calculated in accordance with ASC 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, by the weighted average number of shares of common stock outstanding during the period. The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.

 

  

July 31, 2017

  

July 31, 2016

 
Common stock equivalents:          
Stock options   231,458    231,458 
Stock warrants   485,771    - 
Convertible preferred stock   818,180    7,847,257 
Total   1,535,409    8,078,715 

 

16 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 8 — COMMITMENTS AND CONTINGENCIES

 

Mining Leases

 

The Copper King property position consists of two State of Wyoming Metallic and Non-metallic Rocks and Minerals Mining Leases. These leases were assigned to the Company in July 2014 through the acquisition of the Copper King project.

 

The Company’s rights to the Copper King Project arise under two State of Wyoming mineral leases:

 

1) State of Wyoming Mining Lease No. 0-40828 consisting of 640 acres.

 

2) State of Wyoming Mining Lease No. 0-40858 consisting of 480 acres.

 

Lease 0-40828 was renewed in February 2013 for a second ten-year term and Lease 0-40858 was renewed for its second ten-year term in February 2014. Each lease requires an annual payment of $2.00 per acre. In connection with the Wyoming Mining Leases, the following production royalties must be paid to the State of Wyoming, although once the project is in operation, the Board of Land Commissioners has the authority to reduce the royalty payable to the State:

 

FOB Mine Value per Ton  Percentage Royalty
$00.00 to $50.00   5%
$50.01 to $100.00   7%
$100.01 to $150.00   9%
$150.01 and up   10%

 

The future minimum lease payments under these mining leases are as follows:

 

2018   $2,240 
2019    2,240 
2020    2,240 
2021    2,240 
2022    2,240 
Thereafter    3,200 
    $14,400 

 

The Company may renew the lease for a third ten-year term which will require an annual payment of $3.00 per acre and then $4.00 per acre thereafter.

 

Executive Employment Agreements

 

On April 12, 2016, the Company entered into an employment agreement with its Chief Executive Officer, Mr. Edward Karr. The initial term of the Agreement is for two years ending on April 30, 2018, with automatic renewals for successive one year terms unless terminated by written notice at least 90 days prior to the expiration of the term. Mr. Karr is to receive a base salary of $250,000 per year. The Agreement calls for a bonus of $250,000 to be awarded upon meeting a certain milestone goal which is concluding a financing of at least $10,000,000, a minimum of $2,500,000 of which must come from foreign investors. The bonus may be paid in cash, stock, or a combination thereof in the discretion of the board. Any bonus for a calendar year shall be subject to Mr. Karr’s continued employment with the Company through the end of the calendar year in which it is earned and shall be paid after the conclusion of the calendar year in accordance with the Company’s regular bonus payment policies in the year following the year with respect to which the bonus relates, and in any case not later than two and one half (2-1/2) months following the end of the year with respect to which a bonus is earned.

 

17 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 8 — COMMITMENTS AND CONTINGENCIES (continued)

 

The Company’s former Chief Operating Officer, Mr. David Rector, is employed under an Executive Employment Agreement dated Apri1 14, 2016. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term. Mr. Rector is to receive a base salary of $15,000 per month. The agreement calls for a bonus in an amount up to the amount of the base salary, to be awarded in the discretion of the board of directors and to be paid in cash, stock, or a combination thereof in the discretion of the board.

 

On June 27, 2016, the Company entered into an employment agreement with its Chief Geologist, Mr. David Mathewson. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term by either party. Mr. Mathewson is to receive a base salary of $200,000 per year. The base salary shall be payable as follows: (a) 25% of the base salary shall be payable in equal monthly cash installments and (b) the remaining 75% of the base salary shall be payable in equal monthly installments in the form of common stock of the Company. Each installment of common stock shall be issued on the first business day of the months and shall be valued at the market price on the trading day immediately prior to the date of issuance. Market price is the closing bid price on the principal securities exchange or trading market. Mr. Mathewson shall be entitled to receive bonus to be paid in cash, stock, or a combination thereof and equity awards.

 

Separation Agreements

 

On June 8, 2017, the Company and David A. Moylan, the Company’s former President and Chief Executive Officer, entered into a separation agreement (the “Moylan Separation Agreement”). Mr. Moylan remains a director of the Company and its wholly owned subsidiary Dataram Memory and remains the President and Chief Executive Officer of Dataram Memory. As previously disclosed, Mr. Moylan resigned as Chairman of the Board of Directors and as the President and Chief Executive Officer of the Company on May 23, 2017 in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, with Dataram Acquisition Sub, Inc., a Nevada corporation and wholly-owned subsidiary of the Company, Gold King Corp., a Nevada corporation and Copper King LLC, the principal shareholder of Gold King pursuant to which Gold King merged with and into Acquisition Sub, with Gold King surviving the merger as the surviving corporation (see Note 4).

 

Under the terms of the Moylan Separation Agreement, Mr. Moylan received a severance payment of an aggregate of $494,227. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Moylan and the Company. Also as set forth in the Moylan Separation Agreement, Mr. Moylan will, until terminated by the Company’s Board of Directors at its sole option with two weeks’ notice, serve as the President and Chief Executive Officer of Dataram Memory for a monthly fee of $19,667, payable 90% in common stock of the Company and 10% in cash and provide general consulting and support services to the Company.

 

On June 6, 2017, Anthony Lougee resigned as Chief Financial Officer of the Company pursuant to a Change in Control and Severance Agreement by and between the Company and Mr. Lougee dated July 31, 2015 (the “Lougee Severance Agreement”). Mr. Lougee’s decision to resign did not result from any disagreement with the Company, the Company’s management or the Board of Directors. On June 8, 2017, the Company entered into a separation agreement with Mr. Lougee (the “Lougee Separation Agreement”). Under the terms of the Lougee Separation Agreement, Mr. Lougee received a severance payment of an aggregate of $221,718. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Lougee and the Company, including the Lougee Severance Agreement.

 

18 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 8 — COMMITMENTS AND CONTINGENCIES (continued)

 

On June 8, 2017, the Company reappointed Mr. Lougee to serve as our Chief Financial Officer and as the Chief Financial Officer of Dataram Memory and entered into an amended and restated offer letter agreement which was accepted (the “Employment Agreement”). Mr. Lougee’s compensation shall remain the same as his compensation immediately prior to his resignation: a base salary of $144,000 with additional monthly cash payments of $2,500 through the earliest to occur of (i) his resignation or removal as Chief Financial Officer of the Company or of Dataram Memory or (ii) November 23, 2017. He shall also receive a monthly award of 500 shares of restricted common stock. Mr. Lougee’s employment is on an at-will basis and may be terminated without notice at any time by Mr. Lougee or the Board of Directors. The Employment Agreement cancels and supersedes the Lougee Severance Agreement, the offer letter agreement by and between the Company and Mr. Lougee dated July 31, 2015 and the incentive agreement by and between the Company and Mr. Lougee dated February 7, 2017.

 

NOTE 9 — DISCONTINUED SEGMENTS

 

In June 2017, subsequent to the Merger, the Company decided to discontinue its memory product business. The Company intends to sell the Dataram Memory business within 12 months. The Company will focus its activities on its gold and precious metal exploration business.

 

The remaining assets and liabilities of held for sale operations are presented in the unaudited condensed balance sheets under the caption “Assets and Liabilities of held for sale operation” and relates to the held for sale operations  of the memory product business. The carrying amounts of the major classes of these assets and liabilities as of July 31, 2017 are summarized as follows:

 

   July 31, 2017 
Assets:     
Cash  $46,107 
Accounts receivable, net   2,439,541 
Inventories, net   1,011,722 
Other current assets   53,186 
Property and equipment, net   3,833 
Other assets   34,151 
      
Assets of held for sale operations  $3,588,540 
      
Liabilities:     
Accounts payables and accrued liabilities  $2,014,075 
Note payable – credit line   1,089,596 
Distribution payable   500,000 
Other liabilities   23,891 
      
Liabilities of held for sale operations  $3,627,562 

 

19 
 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2017 AND 2016

 

NOTE 9 — HELD FOR SALE OPERATIONS (continued)

 

The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company’s held for sale operations of its memory product business from the date of merger to July 31, 2017.

 

   July 31, 2017 
Revenues  $4,363,052 
Cost of sales   3,413,448 
Gross profit   949,604 
Operating and other non-operating expenses (including impairment charge of 6,094,760)   (7,021,052)
      
Loss from held for sale operations (including impairment charge of 6,094,760)  $(6,071,448)

 

NOTE 10 — SUBSEQUENT EVENTS

 

In August 2017, the Company’s Board of directors approved the Company’s 2017 Equity Incentive Plan including the reservation of 1,650,000 shares of common stock there under.

 

In August 2017, the Company closed on a transaction under a purchase and sale agreement executed in June 2017 with Nevada Gold Ventures, LLC, a Nevada limited liability company (“Seller”) and the Company’s wholly-owned subsidiary, U.S. Gold Acquisition Corporation, a Nevada corporation (“Buyer”) pursuant to which the Seller sold and the Buyer purchased all right, title and interest in the Gold Bar North Property, a gold development project located in Eureka County, Nevada. The purchase price for the Gold Bar North Property was: (a) cash payment in the amount of $20,479 which was paid in August 2017 and (b) 15,000 shares of common stock of the Company which were issued in August 2017. Mr. David Mathewson, the Company’s Chief Geologist is a member of Nevada Gold Ventures, LLC.

 

In August 2017, the Company issued 29,412 shares of the Company’s common stock to the Chief Geologist for services rendered to the Company from February 2017 to July 2017 pursuant to his employment agreement (see Note 8). The Company valued these common shares at the fair value of $75,000 or $2.55 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $75,000.

 

In August 2017, the Company issued an aggregate of 195,525 shares of the Company’s common stock to officers and employees of the Company for services rendered. The Company valued these common shares at the fair value of $467,305 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $467,305.

 

In August 2017, the Company issued an aggregate of 6,461 shares of the Company’s common stock to five directors of the Company for services rendered. The Company valued these common shares at the fair value of $15,444 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued expenses by $15,444.

 

In August 2017, the Company issued an aggregate of 117,500 shares of the Company’s common stock to four consultants pursuant to consulting agreements related to investor relations and business advisory services. The term of the consulting agreements ranges from 3 months to 12 months. The Company valued these common shares at the fair value of $280,825 or $2.39 per common share based on the quoted trading price on the date of grant and shall be recorded to prepaid expenses to be amortized over the term of its respective consulting agreements.

 

20 
 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

This Quarterly Report on Form 10Q contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed under the heading “Risk Factors” in Part I, Item 1A of the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission which can be reviewed at http://www.sec.gov. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law.

 

The interim unaudited consolidated financial statements included herein have been prepared by U.S Gold Corp. (the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “Commission”). Certain information and footnote disclosure normally included in interim unaudited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) which are duplicate to the disclosures in the audited consolidated financial statement have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These interim unaudited consolidated financial statements should be read in conjunction with the financial statements and notes thereto in the Form 10-K filed with the SEC.

 

In the opinion of management, all adjustments have been made consisting of normal recurring adjustments and consolidating entries, necessary to present fairly the unaudited interim consolidated financial position of the Company and subsidiaries as of July 31, 2017, the results of their unaudited interim consolidated statements of operations for the three month periods ended July 31, 2017 and 2016, and their unaudited interim consolidated cash flows for the three-month periods ended July 31, 2017 and 2016. The results of consolidated operations for the interim periods are not necessarily indicative of the results for the full year.

 

The preparation of interim unaudited consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

 

Overview

 

U.S. Gold Corp., formerly known as Dataram Corporation, (the “Company”) was incorporated under the laws of the State of Nevada and was originally incorporated in the State of New Jersey in 1967. Effective June 26, 2017, the Company changed its legal name to U.S. Gold Corp. from Dataram Corporation. On May 23, 2017, the Company merged with Gold King Corp. (“Gold King”), in a transaction treated as a reverse acquisition and recapitalization, and the business of Gold King became the business of the Company. The Company is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada and Wyoming. None of the Company’s properties contain proven and probable reserves, and all of the Company’s activities on all of its properties are exploratory in nature.

 

On July 6, 2016, the Company filed a certificate of amendment to its Articles of Incorporation with the Secretary of State of Nevada in order to effectuate a reverse stock split of the Company’s issued and outstanding common stock per share on a one for three basis, effective on July 8, 2016. Subsequently, on May 3, 2017, the Company filed another certificate of amendment to its Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada in order to effectuate a reverse stock split of the Company’s issued and outstanding common stock on a one for four basis. All share and per share values of the Company’s common stock for all periods presented in the accompanying consolidated financial statements are retroactively restated for the effect of the reverse stock split.

 

On July 31, 2017, Company’s Board of Directors, or Board reviewed and approved the recommendation of management to consider strategic options for the legacy business (“Dataram Memory”) including the sale of the business, within the next 12 months.  In approving, the Board retained the right to review all offers received and have final approval on any sale of the business.  As such, the legacy business assets will be reflected on the balance sheet as “assets held for sale” with an offsetting liability to reflect the distribution due shareholders of record as of the close on business on May 8, 2017 resulting from the sale of said assets, less direct sales related costs.

 

21 
 

 

Results of Operations

 

Three Months Ended July 31, 2017 and 2016

 

Net Revenues

 

The Company is an exploration stage company with no operations, and we generated no revenues for the three months ended July 31, 2017 and 2016.

 

Operating Expenses

 

Total operating expenses for the three months ended July 31, 2017 as compared to the three months ended July 31, 2016, were approximately $3,206,000 and $1,338,000, respectively. The $1,868,000 increase in operating expenses for the three months ended July 31, 2017 is comprised of an increase of $1,141,000 in compensation as a result of the employment of USG officers, hiring of an additional employee during the three months ended July 31, 2017 and payment of severance expense of approximately $718,000 to two officers of the Company pursuant to separation agreements and change in control in connection with the Merger, a $657,000 increase in exploration expenses on our mineral properties specifically the Keystone Property due to an increase in exploration activities and an increase of $87,000 in general and administrative expenses primarily attributable to an increase in public related expenses and insurance expense.

 

Operating Loss from Operations from Continuing Operations

 

We reported operating loss from continuing operations of approximately $3,206,000 and $1,338,000 for the three months ended July 31, 2017 and 2016, respectively.

 

Other Expenses

 

Total other expense was approximately $0 and $4,200 for the three months ended July 31, 2017 and 2016, respectively. The change in other expense is primarily attributable to a decrease in interest expense to a related party.

 

Loss from discontinued Operations

 

In June 2017, subsequent to the Merger, the Company decided to discontinue its memory product business. The Company will focus its activities on its gold and precious metal exploration business. The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company’s held for sale operations of its memory product business from the date of merger to July 31, 2017.

 

   July 31, 2017 
Revenues  $4,363,052 
Cost of sales   3,413,448 
Gross profit   949,604 
Operating and other non-operating expenses (including impairment charge of 6,094,760)   (7,021,052)
      
Loss from discontinued operations (including impairment charge of 6,094,760)  $(6,071,448)

 

22 
 

 

Net Loss

 

As a result of the operating expense and other expense discussed above, we reported a net loss of approximately $9,278,000 for the three months ended July 31, 2017 as compared to a net loss of $1,342,000 for the three months ended July 31, 2016.

 

Liquidity and Capital Resources

 

As of July 31, 2017, we had cash totaling approximately $4,347,000. Net cash used in operating activities totaled approximately $2,974,000 and $403,000 for the three months ended July 31, 2017 and 2016, respectively. Net loss for the three months ended July 31, 2017 and 2016 totaled approximately $9,278,000 and $1,342,000. Stock based compensation expense for the three months ended July 31, 2017 was approximately $12,500 and impairment expense of $6,095,000. Prepaid expenses and other current assets and assets of held for sale operations - current increased by approximately $589,000 and $692,000, respectively. Total accounts payable and accrued liabilities from unrelated and related parties increased by approximately $935,000 and liabilities of held for sale operations – current increased by $553,000 during the three months ended July 31, 2017.

 

Net cash used in investing activities totaled approximately $0 and $289,000 for the three months ended July 31, 2017 and 2016, respectively, which was primarily attributable to the acquisition of mineral rights related to the Keystone Project.

 

Net cash provided by financing activities totaled approximately $500,000 and $4,587,000 for the three months ended July 31, 2017 and 2016, respectively. During the three months ended July 31, 2017, financing activities consisted of net proceeds of 500,000 from the sale of common stock. During the three months ended July 31, 2016, financing activities was primarily attributable to net proceeds from the sale of preferred stock, net of issuance cost.

 

The Company completed private placements to several investors for the sale of the Company’s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.

 

The above steps substantially lowered the Company’s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.

 

Off-Balance Sheet Arrangements

 

The Company does not have, and do not have any present plans to implement, any off-balance sheet arrangements.

 

Recently Issued Accounting Pronouncements

 

Refer to the notes to the unaudited condensed consolidated financial statements.

 

Critical Accounting Policies

 

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles. The preparation of our financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an on-going basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

 

23 
 

 

Management believes the following critical accounting policies affect the significant judgments and estimates used in the preparation of the financial statements.

 

Use of Estimates and Assumptions

 

In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral rights, goodwill, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.

 

Stock-Based Compensation

 

Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant date. The expense is recognized over the vesting period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain.

 

Mineral Rights

 

Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.

 

When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, “Impairment of long-lived assets”, and evaluates its carrying value under ASC 930-360, “Extractive Activities - Mining”, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.

 

ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

 

24 
 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a smaller reporting company, we are not required to include disclosure under this item.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed under the Securities Exchange Act of 1934, as amended, or 1934 Act, is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and to ensure that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer as appropriate, to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our management, including the principal executive officer and the principal financial officer (principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rule 13(a)-15(e) under the 1934 Act, as of the end of the period covered by this report. Based on this evaluation, because of the Company’s limited resources and limited number of employees, management concluded that our disclosure controls and procedures were not effective as of July 31, 2017.

 

Changes in Internal Control Over Financial Reporting

 

There have been no changes in our internal control over financial reporting that occurred during the period covered by this Quarterly Report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

PART II: OTHER INFORMATION

 

Item 1. Legal ProceEdinGS

 

The Company is presently a party to two lawsuits. On April 9, 2015, the Company’s former Chief Executive Officer, John Freeman, filed a lawsuit, styled as John Freeman v. Dataram Corporation, David A. Moylan, Jon Isaac, and John Does 1-5, in the Superior Court of the State of New Jersey, Essex County, Docket No. ESX-L-002471-15. On April 10, 2015, the Company filed an action against Mr. Freeman, styled as Dataram Corporation v. John Freeman, et al., in the Superior Court of the State of New Jersey, Mercer County, Docket No. ESX-L-000886-15. These actions have been consolidated in Essex County.

 

Item 1A. Risk Factors.

 

There have been no material changes to the Risk Factors in Item 1A of our Annual Report on Form 10-K for the fiscal year ended April 30, 2017.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

Item 3. Defaults upon Senior Securities.

 

None.

 

25 
 

 

Item 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

Item 6. Exhibits.

 

Exhibit No   Description
     
31(a)   Rule 13a-14(a) Certification of Edward M. Karr.
     
31(b)   Rule 13a-14(a) Certification of Anthony M. Lougee.
     
32(a)   Section 1350 Certification of Edward M.. Karr (furnished not filed).
     
32(b)   Section 1350 Certification of Anthony M. Lougee (furnished not filed).
     
101.INS   XBRL Instance Document.
     
101.SCH   XBRL Taxonomy Extension Schema Document
     
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
     
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document
     
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
     
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

26 
 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  U.S. GOLD CORP.
     
Date: September 14, 2017 By: /s/ EDWARD M. KARR
    Edward M. Karr
    Chairman and Chief Executive Officer
    (Principal Executive Officer)
     
Date: September 14, 2017 By: /s/ ANTHONY M. LOUGEE
    Anthony M. Lougee
    Chief Financial Officer
    (Principal Finance and Accounting Officer)

 

27 
 

EX-31.A 2 ex-31a.htm

 

Exhibit 31(a)

 

Rule 13a-14(a) Certification

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302

 

I, Edward M. Karr, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of U.S. Gold Corp.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s Board of Directors (or persons performing the equivalent functions):

 

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: September 14, 2017 /s/ Edward M. Karr
  Edward M. Karr, Chairman and
  Chief Executive Officer
  (Principal Executive Officer)

 

 
 

EX-31.B 3 ex-31b.htm

 

Exhibit 31(b)

 

Rule 13a-14(a) Certification

 

CERTIFICATION OF CHIEF ACCOUNTING OFFICER PURSUANT TO SECTION 302

 

I, Anthony M. Lougee, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of U.S. Gold Corp.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s Board of Directors (or persons performing the equivalent functions):

 

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: September 14, 2017 /s/ Anthony M. Lougee
  Anthony M. Lougee
  Chief Financial Officer
  (Principal Finance and Accounting Officer)

 

 
 

EX-32.A 4 ex-32a.htm

 

Exhibit 32(a)

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

(18 U.S.C. SECTION 1350)

 

In connection with the Quarterly Report of U.S. Gold Corp., a Nevada corporation (the “Company”), on Form 10-Q for the quarter ended July 31, 2017, as filed with the Securities and Exchange Commission (the “Report”), Edward M. Karr, Chief Executive Officer of the Company, does hereby certify, pursuant to § 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. § 1350), that to his knowledge:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Date: September 14, 2017 /s/ Edward M. Karr
  Edward M. Karr
  Chairman and Chief Executive Officer
  (Principal Executive Officer)

 

[A signed original of this written statement required by Section 906 has been provided to U.S. Gold Corp. and will be retained by U.S. Gold Corp. and furnished to the Securities and Exchange Commission or its staff upon request.]

 

 
 

EX-32.B 5 ex-32b.htm

 

Exhibit 32(b)

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO

 

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

(18 U.S.C. SECTION 1350)

 

In connection with the Quarterly Report of U.S. Gold Corp., a Nevada corporation (the “Company”), on Form 10-Q for the quarter ended July 31, 2017, as filed with the Securities and Exchange Commission (the “Report”), Anthony M. Lougee, Chief Financial Officer of the Company, does hereby certify, pursuant to § 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. § 1350), that to his knowledge:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Date: September 14, 2017 /s/ Anthony M. Lougee
  Anthony M. Lougee
  Chief Financial Officer
  (Principal Finance and Accounting Officer)

 

[A signed original of this written statement required by Section 906 has been provided to U.S. Gold Corp. and will be retained by U.S. Gold Corp. and furnished to the Securities and Exchange Commission or its staff upon request.]

 

 
 

EX-101.INS 6 usau-20170731.xml XBRL INSTANCE FILE 0000027093 2017-05-01 2017-07-31 0000027093 2017-09-13 0000027093 2017-04-30 0000027093 2016-04-30 0000027093 us-gaap:CommonStockMember 2017-04-30 0000027093 us-gaap:AdditionalPaidInCapitalMember 2017-04-30 0000027093 us-gaap:RetainedEarningsMember 2017-04-30 0000027093 2017-07-31 0000027093 USAU:ConvertibleSeriesCPreferredStockMember 2017-04-30 0000027093 USAU:ConvertibleSeriesCPreferredStockMember 2017-07-31 0000027093 2016-05-01 2016-07-31 0000027093 2016-07-31 0000027093 us-gaap:SeriesCPreferredStockMember 2017-04-30 0000027093 us-gaap:SeriesCPreferredStockMember 2017-05-01 2017-07-31 0000027093 us-gaap:SeriesCPreferredStockMember 2017-07-31 0000027093 us-gaap:CommonStockMember 2017-05-01 2017-07-31 0000027093 us-gaap:CommonStockMember 2017-07-31 0000027093 us-gaap:AdditionalPaidInCapitalMember 2017-05-01 2017-07-31 0000027093 us-gaap:AdditionalPaidInCapitalMember 2017-07-31 0000027093 us-gaap:RetainedEarningsMember 2017-05-01 2017-07-31 0000027093 us-gaap:RetainedEarningsMember 2017-07-31 0000027093 USAU:StateOfWyomingMiningLeaseOneMember 2017-07-31 0000027093 USAU:StateOfWyomingMiningLeaseTwoMember 2017-07-31 0000027093 USAU:EmploymentAgreementMember USAU:MrEdwardKarrMember 2016-04-11 2016-04-12 0000027093 USAU:EmploymentAgreementMember USAU:MrDavidRectorMember 2016-04-13 2016-04-14 0000027093 USAU:EmploymentAgreementMember USAU:MrDavidMathewsonMember 2016-06-26 2016-06-27 0000027093 USAU:EmploymentAgreementMember us-gaap:CashMember 2016-06-27 0000027093 USAU:EmploymentAgreementMember us-gaap:CommonStockMember 2016-06-27 0000027093 USAU:FOBMineValuePerTonRangeOneMember us-gaap:MinimumMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeTwoMember us-gaap:MinimumMember 2017-07-31 0000027093 USAU:MoylanSeparationAgreementMember 2017-05-01 2017-07-31 0000027093 USAU:LougeeSeparationAgreementMember 2017-06-07 2017-06-08 0000027093 USAU:MoylanSeparationAgreementMember us-gaap:CommonStockMember 2017-07-31 0000027093 USAU:MoylanSeparationAgreementMember us-gaap:CashMember 2017-07-31 0000027093 USAU:SeriesBAndSeriesCConvertiblePreferredStockMember 2016-07-01 2016-10-31 0000027093 us-gaap:MaximumMember 2017-07-31 0000027093 USAU:AssetPurchaseAgreementMember USAU:CopperKingProjectMember 2014-07-01 2014-07-02 0000027093 USAU:AssetPurchaseAgreementMember USAU:CopperKingProjectMember 2017-05-01 2017-07-31 0000027093 USAU:PurchaseAndSaleAgreementMember USAU:KeystoneProjectMember 2016-05-25 2016-05-27 0000027093 USAU:PurchaseAndSaleAgreementMember USAU:KeystoneProjectMember 2016-05-27 0000027093 USAU:PurchaseAndSaleAgreementMember USAU:KeystoneProjectMember 2017-07-31 0000027093 USAU:PurchaseAndSaleAgreementMember USAU:KeystoneProjectMember 2017-05-01 2017-07-31 0000027093 USAU:PurchaseAndSaleAgreementMember USAU:EighthAnniversaryOfTheClosingDateMember USAU:KeystoneProjectMember 2017-05-01 2017-07-31 0000027093 USAU:CopperKingProjectMember 2017-07-31 0000027093 USAU:CopperKingProjectMember 2017-04-30 0000027093 USAU:KeystoneProjectMember 2017-07-31 0000027093 USAU:KeystoneProjectMember 2017-04-30 0000027093 2017-05-23 0000027093 USAU:SeriesCConvertiblePreferredStockMember USAU:CopperKingMember 2017-05-22 2017-05-23 0000027093 USAU:SeriesCConvertiblePreferredStockMember USAU:CopperKingMember 2017-05-23 0000027093 us-gaap:SeriesCPreferredStockMember USAU:HoldersOfGoldKingsMember 2017-05-01 2017-05-31 0000027093 us-gaap:SeriesCPreferredStockMember USAU:HoldersOfGoldKingsMember 2017-05-31 0000027093 USAU:GoldKingMember 2017-07-31 0000027093 USAU:GoldKingMember 2017-05-01 2017-07-31 0000027093 us-gaap:MinimumMember 2017-07-31 0000027093 USAU:ChiefGeologistMember 2017-05-01 2017-05-31 0000027093 us-gaap:SeriesCPreferredStockMember 2017-05-01 2017-07-31 0000027093 us-gaap:StockOptionMember 2017-05-01 2017-07-31 0000027093 USAU:StockWarrantMember 2017-05-01 2017-07-31 0000027093 us-gaap:ConvertiblePreferredStockMember 2017-05-01 2017-07-31 0000027093 us-gaap:StockOptionMember 2016-05-01 2016-07-31 0000027093 USAU:StockWarrantMember 2016-05-01 2016-07-31 0000027093 us-gaap:ConvertiblePreferredStockMember 2016-05-01 2016-07-31 0000027093 us-gaap:SubsequentEventMember USAU:TwoThousandSeventeenEquityIncentivePlanMember 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:PurchaseAndSaleAgreementMember USAU:NevadaGoldVenturesLLCMember 2017-08-01 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:EmploymentAgreementMember USAU:ChiefGeologistMember 2017-08-01 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:EmploymentAgreementMember USAU:ChiefGeologistMember 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:OfficersAndEmployeesMember 2017-08-01 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:OfficersAndEmployeesMember 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:FiveDirectorsMember 2017-08-01 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:FiveDirectorsMember 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:FourConsultantMember 2017-08-01 2017-08-31 0000027093 us-gaap:SubsequentEventMember USAU:FourConsultantMember 2017-08-31 0000027093 USAU:AssetPurchaseAgreementMember USAU:CopperKingProjectMember 2014-07-02 0000027093 USAU:StateOfWyomingMiningLeaseOneMember 2017-05-01 2017-07-31 0000027093 USAU:StateOfWyomingMiningLeaseTwoMember 2017-05-01 2017-07-31 0000027093 USAU:EmploymentAgreementMember USAU:MrEdwardKarrMember 2016-04-12 0000027093 USAU:EmploymentAgreementMember USAU:ForeignInvestorMember us-gaap:MinimumMember 2016-04-11 2016-04-12 0000027093 USAU:EmploymentAgreementMember USAU:MrLougeeMember 2017-06-07 2017-06-08 0000027093 USAU:FOBMineValuePerTonRangeOneMember us-gaap:MaximumMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeOneMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeTwoMember us-gaap:MaximumMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeTwoMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeThreeMember us-gaap:MinimumMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeThreeMember us-gaap:MaximumMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeThreeMember 2017-07-31 0000027093 USAU:FOBMineValuePerTonRangeFourMember 2017-07-31 0000027093 USAU:HoldersOfGoldKingsMember 2017-05-22 2017-05-23 0000027093 USAU:HoldersOfGoldKingsMember 2017-05-23 0000027093 us-gaap:SeriesCPreferredStockMember USAU:EscrowAgreementMember 2017-05-22 2017-05-23 0000027093 USAU:FinancingAgreementMember USAU:RosenthalAndRosenthalIncMember 2017-07-31 0000027093 USAU:FinancingAgreementMember USAU:RosenthalAndRosenthalIncMember us-gaap:PrimeRateMember 2017-05-01 2017-07-31 0000027093 USAU:FinancingAgreementMember USAU:RosenthalAndRosenthalIncMember USAU:EffectiveRateMember 2017-05-01 2017-07-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:USD utr:T utr:acre U.S. GOLD CORP. 10-Q 2017-07-31 false Smaller Reporting Company Q1 --04-30 USAU 7268774 8671960 180481 4618783 180481 4642674 6932 12036 555000 15813297 22070169 -4570057 -13847838 11250217 6932 15813297 -4570057 8234375 45 8 12036 22070169 -13847838 11430698 12877049 45 8 45002 8182 .001 0.001 1.20 54000000 54000000 200000000 54000000 6932059 12035816 6932059 12035816 1204667 6932059 45002 8182 12035816 179211 15000 500004 179 499825 100000 38 99962 100000 75000 467305 15444 280825 37879 37879 29412 195525 6461 117500 -37 3682 -3645 3682000 -36820 3682000 36820 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Organization</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">U.S. Gold Corp., formerly known as Dataram Corporation (the &#8220;Company&#8221;) was incorporated under the laws of the State of Nevada and was originally incorporated in the State of New Jersey in 1967. Effective June 26, 2017, the Company changed its legal name to U.S. Gold Corp. from Dataram Corporation. On May 23, 2017, the Company merged with Gold King Corp. (&#8220;Gold King&#8221;), in a transaction treated as a reverse acquisition and recapitalization, and the business of Gold King became the business of the Company. The financial statements are those of Gold King (the accounting acquirer) prior to the merger and include the activity of Dataram Corporation (the legal acquirer) from the date of the merger. Gold King is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada and Wyoming. None of the Company&#8217;s properties contain proven and probable reserves and all of the Company&#8217;s activities on all of its properties are exploratory in nature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada in order to effectuate a reverse stock split of the Company&#8217;s issued and outstanding common stock on a one for four basis. All share and per share values of the Company&#8217;s common stock for all periods presented in the accompanying unaudited condensed consolidated financial statements are retroactively restated for the effect of the&#160; reverse stock split in accordance with Staff Accounting Bulletin 4C.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white"><u>Recent developments- Acquisition</u></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 13, 2016, Gold King, a private Nevada corporation, entered into an Agreement and Plan of Merger (the &#8220;Merger Agreement&#8221;) with the Company, the Company&#8217;s wholly-owned Subsidiaries, Dataram Acquisition Sub, Inc., a Nevada corporation (&#8220;Acquisition Sub&#8221;), and all of the principal shareholders of Gold King (the &#8220;Gold King Shareholders&#8221;). Upon closing of the transactions contemplated under the Merger Agreement (the &#8220;Merger&#8221;), Gold King merged with and into Acquisition Sub with Gold King as the surviving corporation and became a wholly-owned subsidiary of the Company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 23, 2017, the Company closed the Merger with Gold King. The Merger has constituted a change of control or change in control, the majority of the Board of Directors changed with the consummation of the Merger. The Company issued to Gold King shares of common stock which represented approximately 90% of the combined company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 31, 2017, the Company&#8217;s Board of Directors, or Board reviewed and approved the recommendation of management to consider strategic options for Dataram Corporation&#8217;s legacy business (&#8220;Dataram Memory&#8221;) including the sale of the business, within the next 12 months. In approving the recommendation and adopting a formal plan, the Board retained the right to review all offers received and have final approval on any sale of the business. As such, the legacy business activities will be re-classed and reported as &#8220;discontinued operations&#8221;, assets and liabilities will be reflected on the balance sheet as &#8220;held for sale&#8221;.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation and Liquidity</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes the unaudited condensed consolidated financial statements and present the consolidated financial statements of the Company and its wholly-owned subsidiaries as of July 31, 2017. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended April 30, 2017, which are contained elsewhere in the Form 8-K/A filed on July 31, 2017. The consolidated balance sheet as of April 30, 2017 was derived from those financial statements. It is management&#8217;s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year ended April 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying unaudited condensed consolidated financial statements, the Company had a net loss and used cash in its operations of approximately $9.3 million and $3.0 million, respectively, for the three months ended July 31, 2017. Additionally, the Company had an accumulated deficit of approximately $13.8 million at July 31, 2017. The Company took steps to mitigate these factors by completing private placements to several investors for the sale of the Company&#8217;s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The above steps substantially lowered the Company&#8217;s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of Estimates and Assumptions</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing the unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral&#160; rights, assets held for sale, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted Accounting Standards Codification (&#8220;ASC&#8221;) ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221; (&#8220;ASC 820&#8221;), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied in accordance with accounting principles generally accepted in the United States of America that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These inputs are prioritized below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 15%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1:</font></td> <td style="width: 85%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Observable inputs such as quoted market prices in active markets for identical assets or liabilities</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2:</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Observable market-based inputs or unobservable inputs that are corroborated by market data</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3:</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Unobservable inputs for which there is little or no market data, which require the use of the reporting entity&#8217;s own assumptions.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board&#8217;s (&#8220;FASB&#8221;) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts reported in the condensed consolidated balance sheets for cash, prepaid expense and other current assets &#8211; current, accounts payable, accrued liabilities and liabilities &#8211; current, approximate their estimated fair values based on the short-term maturity of these instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><u>Goodwill and other intangible assets</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 350-30-65, the Company assesses the impairment of identifiable intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 29px; text-align: justify; line-height: 107%">&#160;</td> <td style="width: 29px; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant underperformance relative to expected historical or projected future operating results;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant changes in the manner of use of the acquired assets or the strategy for the overall business; and</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant negative industry or economic trends.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Company determines that the carrying value of intangibles may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Impairment of long-lived assets</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset&#8217;s estimated fair value and its book value. During the quarter ended July 31, 2017, in accordance with section 6.1 of the Amended and Restated Agreement and Plan of Merger, the Company began to market the assets of Dataram Memory. In connection with this process, the Company determined that the carrying value of Goodwill exceeded its fair value, which triggered an impairment analysis. The Company recorded a goodwill impairment expense of $6,094,760 during the three months ended July 31, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Mineral Rights</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, &#8220;Impairment of long-lived assets&#8221;, and evaluates its carrying value under ASC 930-360, &#8220;Extractive Activities - Mining&#8221;, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 930-805, &#8220;Extractive Activities-Mining: Business Combinations&#8221; (&#8220;ASC 930-805&#8221;), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 930-805 provides that in measuring the fair value of mineral assets, an acquirer should take into account both:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9679; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The value beyond proven and probable reserves (&#8220;VBPP&#8221;) to the extent that a market participant would include VBPP in determining the fair value of the assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9679; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Revenue Recognition</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is recognized when title passes upon shipment of goods to customers. The Company&#8217;s revenue earning activities relate to Dataram Memory and involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale in accordance with the Revenue Recognition &#8211; Right of Return Topic of the FASB ASC. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Share-Based Compensation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Share-based compensation is accounted for based on the requirements of ASC 718, &#8220;Compensation &#8211; Stock Compensation&#8217; (&#8220;ASC 718&#8221;) which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC 505, &#8220;Equity &#8211; Equity Based Payments to Non-Employees&#8221; (&#8220;ASC 505-50&#8221;), for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant <font style="background-color: white">date</font>. Until the measurement date is reached, the total amount of compensation expense remains uncertain.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income taxes</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes pursuant to the provision of ASC 740-10, &#8220;Accounting for Income Taxes&#8221; (&#8220;ASC 740-10&#8221;), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has adopted ASC 740-10-25, &#8220;Definition of Settlement&#8221;, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of Estimates</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred income tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 10pt">In January 2017, the FASB issued ASU 2017-01 &#8220;Business Combinations (Topic 805): Clarifying the Definition of a Business&#8221;, which clarifies the definition of a business to assist entities with evaluating whether transactions should</font><font style="font-size: 8pt">&#160; </font><font style="font-size: 10pt">be accounted for as acquisitions or disposals of assets or businesses. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output to be considered a business. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company early adopted this ASU on May 1, 2017, and expects that the adoption of this ASU could have a material impact on future consolidated financial statements for acquisitions that are not considered to be businesses.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 6 &#8212; STOCKHOLDERS&#8217; EQUITY</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended with the Secretary of State of the State of Nevada in order to (i) effectuate a reverse stock split of the Company&#8217;s issued and outstanding common stock, par value $0.001 per share on a one (1) for four (4) basis and (ii) increase the Company&#8217;s authorized number of shares of common stock and preferred stock to 200,000,000 shares from 54,000,000 shares and 50,000,000 shares from 5,000,000 shares, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><u>Series C Convertible Preferred Stock</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2017, the Company designated 45,002 shares of Series C Convertible Preferred Stock, par value $0.001 per share (the &#8220;Series C Preferred Stock&#8221;). Each share of Series C Preferred Stock is convertible into shares of the Company&#8217;s common stock with a stated value of $1,000 per share and conversion price of $1.00 per share of common stock, subject to adjustment in the event of stock split, stock dividends, and recapitalization or otherwise. The holders of the Series C Preferred Stock shall not possess any voting rights. The Series C Preferred Stock does not contain any redemption provision. The Series C Preferred Stock are entitled to a liquidation preference equal to the par value of $0.001, prior to any payments to holders of (i) any other class or series of capital stock whose terms expressly provide that the holders of preferred shares should receive preferential payment with respect to such distribution and (ii) the common stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Common Stock</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with the Merger, the Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common shares of the Company prior to the closing of the Merger (see Note 4).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2017, in connection with the Merger (see Note 4), the Company issued 37,879 shares of the Company&#8217;s common stock having a fair value of $100,000 to the Chief Geologist for services rendered to the Company from June 2016 to January 2017 pursuant to his employment agreement with the Company&#8217;s wholly-owned subsidiary Gold King (see Note 8). Consequently, the Company reduced accrued salaries by $100,000 as of July 31, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2017, the Company sold 179,211 shares of its common stock at $2.79 per common share for proceeds of approximately $500,000.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Between May 2017 and July 2017, the Company issued 3,682,000 shares of the Company&#8217;s common stock in exchange for the conversion of 36,820 shares of the Company&#8217;s Series C Preferred Stock.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock Options</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock options as of July 31, 2017 and changes during the period then ended are presented below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Options</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Exercise</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Price</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Contractual</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Life</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>(Years)</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at April 30, 2017 (see Note 4)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.01</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cancelled</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.76</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Options exercisable at end of period</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">135,017</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Options expected to vest</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">96,441</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average fair value of options granted during the period</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The 96,441 options are expected to vest over the next 10 months.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Stock Warrants</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock warrants as of July 31, 2017 and changes during the period then ended are presented below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Warrants</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Exercise</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Price</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Contractual</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Life</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>(Years)</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at April 30, 2017 (see Note 4)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">452,359</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.64</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.23</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Recapitalization on May 23, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">33,415</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">32.61</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.90</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cancelled</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,774</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.80</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.70</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants exercisable at end of period</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,774</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.80</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants expected to vest</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average fair value of warrants granted during the period</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 5 &#8212; RELATED PARTY TRANSACTIONS</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts payable to related party as of July 31, 2017 and April 30, 2017 was $2,431, and was reflected as accounts payable and accrued liabilities &#8211; related party in the accompanying unaudited condensed consolidated balance sheets. The related party is the managing partner of Copper King LLC who was a principal stockholder of Gold King.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 8 &#8212; COMMITMENTS AND CONTINGENCIES</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Mining Leases</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Copper King property position consists of two State of Wyoming Metallic and Non-metallic Rocks and Minerals Mining Leases. These leases were assigned to the Company in July 2014 through the acquisition of the Copper King project.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s rights to the Copper King Project arise under two State of Wyoming mineral leases:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">1) State of Wyoming Mining Lease No. 0-40828 consisting of 640 acres.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">2) State of Wyoming Mining Lease No. 0-40858 consisting of 480 acres.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease 0-40828 was renewed in February 2013 for a second ten-year term and Lease 0-40858 was renewed for its second ten-year term in February 2014. Each lease requires an annual payment of $2.00 per acre. In connection with the Wyoming Mining Leases, the following production royalties must be paid to the State of Wyoming, although once the project is in operation, the Board of Land Commissioners has the authority to reduce the royalty payable to the State:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">FOB Mine Value per Ton</font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage Royalty</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$00.00 to $50.00</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 21%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$50.01 to $100.00</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$100.01 to $150.00</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$150.01 and up</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The future minimum lease payments under these mining leases are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 80%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,200</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,400</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company may renew the lease for a third ten-year term which will require an annual payment of $3.00 per acre and then $4.00 per acre thereafter.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Executive Employment Agreements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 12, 2016, the Company entered into an employment agreement with its Chief Executive Officer, Mr. Edward Karr. The initial term of the Agreement is for two years ending on April 30, 2018, with automatic renewals for successive one year terms unless terminated by written notice at least 90 days prior to the expiration of the term. Mr. Karr is to receive a base salary of $250,000 per year. The Agreement calls for a bonus of $250,000 to be awarded upon meeting a certain milestone goal which is concluding a financing of at least $10,000,000, a minimum of $2,500,000 of which must come from foreign investors. The bonus may be paid in cash, stock, or a combination thereof in the discretion of the board. Any bonus for a calendar year shall be subject to Mr. Karr&#8217;s continued employment with the Company through the end of the calendar year in which it is earned and shall be paid after the conclusion of the calendar year in accordance with the Company&#8217;s regular bonus payment policies in the year following the year with respect to which the bonus relates, and in any case not later than two and one half (2-1/2) months following the end of the year with respect to which a bonus is earned.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s former Chief Operating Officer, Mr. David Rector, is employed under an Executive Employment Agreement dated Apri1 14, 2016. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term. Mr. Rector is to receive a base salary of $15,000 per month. The agreement calls for a bonus in an amount up to the amount of the base salary, to be awarded in the discretion of the board of directors and to be paid in cash, stock, or a combination thereof in the discretion of the board.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 27, 2016, the Company entered into an employment agreement with its Chief Geologist, Mr. David Mathewson. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term by either party. Mr. Mathewson is to receive a base salary of $200,000 per year. The base salary shall be payable as follows: (a) 25% of the base salary shall be payable in equal monthly cash installments and (b) the remaining 75% of the base salary shall be payable in equal monthly installments in the form of common stock of the Company. Each installment of common stock shall be issued on the first business day of the months and shall be valued at the market price on the trading day immediately prior to the date of issuance. Market price is the closing bid price on the principal securities exchange or trading market. Mr. Mathewson shall be entitled to receive bonus to be paid in cash, stock, or a combination thereof and equity awards.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Separation Agreements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 8, 2017, the Company and David A. Moylan, the Company&#8217;s former President and Chief Executive Officer, entered into a separation agreement (the &#8220;Moylan Separation Agreement&#8221;). Mr. Moylan remains a director of the Company and its wholly owned subsidiary Dataram Memory and remains the President and Chief Executive Officer of Dataram Memory. As previously disclosed, Mr. Moylan resigned as Chairman of the Board of Directors and as the President and Chief Executive Officer of the Company on May 23, 2017 in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, with Dataram Acquisition Sub, Inc., a Nevada corporation and wholly-owned subsidiary of the Company, Gold King Corp., a Nevada corporation and Copper King LLC, the principal shareholder of Gold King pursuant to which Gold King merged with and into Acquisition Sub, with Gold King surviving the merger as the surviving corporation (see Note 4).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the terms of the Moylan Separation Agreement, Mr. Moylan received a severance payment of an aggregate of $494,227. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Moylan and the Company. Also as set forth in the Moylan Separation Agreement, Mr. Moylan will, until terminated by the Company&#8217;s Board of Directors at its sole option with two weeks&#8217; notice, serve as the President and Chief Executive Officer of Dataram Memory for a monthly fee of $19,667, payable 90% in common stock of the Company and 10% in cash and provide general consulting and support services to the Company.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 6, 2017, Anthony Lougee resigned as Chief Financial Officer of the Company pursuant to a Change in Control and Severance Agreement by and between the Company and Mr. Lougee dated July 31, 2015 (the &#8220;Lougee Severance Agreement&#8221;). Mr. Lougee&#8217;s decision to resign did not result from any disagreement with the Company, the Company&#8217;s management or the Board of Directors. On June 8, 2017, the Company entered into a separation agreement with Mr. Lougee (the &#8220;Lougee Separation Agreement&#8221;). Under the terms of the Lougee Separation Agreement, Mr. Lougee received a severance payment of an aggregate of $221,718. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Lougee and the Company, including the Lougee Severance Agreement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 8, 2017, the Company reappointed Mr. Lougee to serve as our Chief Financial Officer and as the Chief Financial Officer of Dataram Memory and entered into an amended and restated offer letter agreement which was accepted (the &#8220;Employment Agreement&#8221;). Mr. Lougee&#8217;s compensation shall remain the same as his compensation immediately prior to his resignation: a base salary of $144,000 with additional monthly cash payments of $2,500 through the earliest to occur of (i) his resignation or removal as Chief Financial Officer of the Company or of Dataram Memory or (ii) November 23, 2017. He shall also receive a monthly award of 500 shares of restricted common stock. Mr. Lougee&#8217;s employment is on an at-will basis and may be terminated without notice at any time by Mr. Lougee or the Board of Directors. The Employment Agreement cancels and supersedes the Lougee Severance Agreement, the offer letter agreement by and between the Company and Mr. Lougee dated July 31, 2015 and the incentive agreement by and between the Company and Mr. Lougee dated February 7, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">NOTE 10 &#8212; SUBSEQUENT EVENTS</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company&#8217;s Board of directors approved the Company&#8217;s 2017 Equity Incentive Plan including the reservation of 1,650,000 shares of common stock there under.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company closed on a transaction under a purchase and sale agreement executed in June 2017 with Nevada Gold Ventures, LLC, a Nevada limited liability company (&#8220;Seller&#8221;) and the Company&#8217;s wholly-owned subsidiary, U.S. Gold Acquisition Corporation, a Nevada corporation (&#8220;Buyer&#8221;) pursuant to which the Seller sold and the Buyer purchased all right, title and interest in the Gold Bar North Property, a gold development project located in Eureka County, Nevada. The purchase price for the Gold Bar North Property was: (a) cash payment in the amount of $20,479 which was paid in August 2017 and (b) 15,000 shares of common stock of the Company which were issued in August 2017. Mr. David Mathewson, the Company&#8217;s Chief Geologist is a member of Nevada Gold Ventures, LLC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company issued 29,412 shares of the Company&#8217;s common stock to the Chief Geologist for services rendered to the Company from February 2017 to July 2017 pursuant to his employment agreement (see Note 8). The Company valued these common shares at the fair value of $75,000 or $2.55 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $75,000.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company issued an aggregate of 195,525 shares of the Company&#8217;s common stock to officers and employees of the Company for services rendered. The Company valued these common shares at the fair value of $467,305 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $467,305.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company issued an aggregate of 6,461 shares of the Company&#8217;s common stock to five directors of the Company for services rendered. The Company valued these common shares at the fair value of $15,444 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued expenses by $15,444.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2017, the Company issued an aggregate of 117,500 shares of the Company&#8217;s common stock to four consultants pursuant to consulting agreements related to investor relations and business advisory services. The term of the consulting agreements ranges from 3 months to 12 months. The Company valued these common shares at the fair value of $280,825 or $2.39 per common share based on the quoted trading price on the date of grant and shall be recorded to prepaid expenses to be amortized over the term of its respective consulting agreements.</p> 11430698 12877049 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of Presentation and Liquidity</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes the unaudited condensed consolidated financial statements and present the consolidated financial statements of the Company and its wholly-owned subsidiaries as of July 31, 2017. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended April 30, 2017, which are contained elsewhere in the Form 8-K/A filed on July 31, 2017. The consolidated balance sheet as of April 30, 2017 was derived from those financial statements. It is management&#8217;s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year ended April 30, 2018.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As reflected in the accompanying unaudited condensed consolidated financial statements, the Company had a net loss and used cash in its operations of approximately $9.3 million and $3.0 million, respectively, for the three months ended July 31, 2017. Additionally, the Company had an accumulated deficit of approximately $13.8 million at July 31, 2017. The Company took steps to mitigate these factors by completing private placements to several investors for the sale of the Company&#8217;s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The above steps substantially lowered the Company&#8217;s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.</p> 250000 3550556 41301 46482 4120623 4120623 3091738 3091738 1028885 1028885 37984 4161924 4205089 2431 2431 3603671 23891 5000000 5000000 45002 45002 50000000 5000000 45002 8182 -3206333 -1338173 -4242 -4242 -3206333 -1342415 9252624 858333 -0.35 -1.56 -0.65 0 767883 111246 861463 878089 6094760 1389814 249105 187173 99733 3206333 1338173 -3206333 -1342415 -6071448 12500 825000 589135 45730 692497 5181 -8000 934631 90692 69089 552638 -11944 -2974009 -403364 288917 1500000 3091738 250000 -989968 -288917 4587406 500004 500004 4587406 -2474005 3895125 6820623 305661 4346618 4200786 555000 184968 100000 462500 4550018 4523589 2446433 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 3 &#8212; MINERAL RIGHTS</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Copper King Project</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The mineral properties consist of the Copper King gold and copper development project located in the Silver Crown Mining District of southeast Wyoming (the &#8220;Copper King Project&#8221;) and certain unpatented mining claims in Meagher County Montana. On July 2, 2014, the Company entered into an Asset Purchase Agreement ( the &#8220;Asset Purchase Agreement&#8221;) whereby the Company acquired certain mining leases and other mineral rights comprising the Copper King project and certain unpatented mining claims located in Montana. Pursuant to the Asset Purchase Agreement, the purchase price was (a) cash payment in the amount of $1.5 million and (b) closing shares calculated at 50% of the issued and outstanding shares of the Company&#8217;s common stock and valued at $1.5 million.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 360-10, &#8220;Property, Plant, and Equipment&#8221;, assets are recognized based on their cost to the acquiring entity, which generally includes the transaction costs of the asset acquisition. Accordingly, the Company recorded a total cost of the acquired mineral properties of $3,091,738 which includes the purchase price ($3,000,000) and related transaction cost.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Keystone Project</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company, through its wholly-owned subsidiary, U.S. Gold Acquisition, Inc., acquired the mining claims comprising the Keystone Project on May 27, 2016 from Nevada Gold Ventures, LLC (&#8220;Nevada Gold&#8221;) and Americas Gold Exploration, Inc. (collectively the &#8220;Sellers&#8221;) under the terms of the Purchase and Sale Agreement (the &#8220;Purchase and Sale Agreement&#8221;). At the time of purchase, the Keystone Project consisted of 284 unpatented lode mining claims situated in Eureka County, Nevada. The purchase price for the Keystone Property consisted of the following: (a) cash payment in the amount of $250,000, (b) the closing shares which is equivalent to 462,500 shares of the Company&#8217;s common stock and (c) an aggregate of 231,458 five-year options to purchase shares of the Company&#8217;s common stock at an exercise price of $3.60 per share.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company valued the common shares at the fair value of $555,000 or $1.20 per common share based on the contemporaneous sale of its preferred stock in a private placement at $0.10 per common share. The options were valued at $184,968. The options shall vest over a period of two years whereby 1/24 of the options shall vest and become exercisable each month for the next 24 months. The options are non-forfeitable and are not subject to obligations or service requirements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Accordingly, the Company recorded a total cost of the acquired mineral properties of $1,028,885 which includes the purchase price ($989,968) and related transaction cost ($38,917).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Some of the Keystone claims are subject to pre-existing net smelter royalty (&#8220;NSR&#8221;) obligations. In addition, under the terms of the Purchase and Sale Agreement, Nevada Gold retained additional NSR rights of 0.5% with regard to certain claims and 3.5% with regard to certain other claims. Under the terms of the Purchase and Sale Agreement, the Company may buy down one percent (1%) of the royalty from Nevada Gold at any time through the fifth anniversary of the closing date for $2,000,000. In addition, the Company may buy down an additional one percent (1%) of the royalty anytime through the eighth anniversary of the closing date for $5,000,000.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of the date of these unaudited condensed consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition costs and exploration costs.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Mineral properties consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>April 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Copper King project</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,091,738</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,091,738</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Keystone project</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,028,885</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,028,885</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,120,623</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,120,623</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 4 &#8212; ACQUISITION</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 23, 2017, the Company closed the Merger with Gold King. Pursuant to the terms of the Merger Agreement and as consideration for the acquisition of Gold King, on the closing date, 2,446,433 shares of the Company&#8217;s common stock, par value $0.001 per share (the &#8220;Common Stock&#8221;) were issued to holders of Gold King&#8217;s common stock, Series A Preferred Stock, Series B Preferred Stock and certain incoming officers. In addition, 45,000.18 shares of the Company&#8217;s newly designated Series C Convertible Preferred Stock, par value $0.001 per share (the &#8220;Series C Preferred Stock&#8221;), convertible into an aggregate of 4,500,180 shares of the Company&#8217;s Common Stock that were to be issued to Copper King, 45,500.18 shares of Series C Preferred Stock were issued to Copper King on the Closing and 4,500.01 shares of Series C Preferred Stock are to be held in escrow pursuant to the terms of the Escrow Agreement and 4,523,589 shares of the Company&#8217;s common stock and warrants to purchase up to 452,359 shares of the Company&#8217;s common stock were issued to the holders of Gold King&#8217;s Series C Preferred Stock. Additionally, 231,458 of the Company&#8217;s stock options were issued to the holders of Gold King&#8217;s outstanding stock options issued in connection with the closing of the acquisition of the Keystone Project.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the merger, for financial statement reporting purposes, the business combination between the Company and Gold King has been treated as a reverse acquisition and recapitalization with Gold King deemed the accounting acquirer and the Company deemed the accounting acquiree under the acquisition method of accounting in accordance with FASB Accounting Standards Codification (&#8220;ASC&#8221;) Section 805-10-55. At the time of the Merger, both the Company and Gold King have their own separate operating segments. Accordingly, the assets and liabilities and the historical operations that are reflected in the consolidated financial statements after the Merger are those of the Gold King and are recorded at the historical cost basis of the Company. The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Gold King which are recorded at historical cost.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s assets and liabilities were recorded at their fair values as of the date of the Merger and the results of operations of the Company are consolidated with results of operations of Gold King starting on the date of the Merger. The Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common stock of the Company prior to the closing of the Merger. The Company accounted for the value under ASC 805-50-30-2 &#8220;Business Combinations&#8221; whereby if the consideration is not in the form of cash, the measurement is based on either the cost which shall be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and thus more reliably measurable. The Company deemed that the fair value of the consideration given was $4.70 per share based on the quoted trading price on the date of the Merger amounting to $5,661,935 which is more clearly evident and more reliable measurement basis. The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the reverse merger, the total purchase consideration exceeded the net assets acquired. The Company recorded approximately $6,100,000 of goodwill. None of the goodwill recognized is expected to be deductible for income tax purposes. The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Current assets (including cash of $255,555)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,063,059</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">45,984</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,094,760</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities assumed (including a note payable &#8211; credit line of $1,096,504)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(3,541,868</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Net purchase price</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,661,935</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended July 31, 2017, the Company recorded an impairment loss of $6,094,760 as the Company determined that the carrying value of the goodwill is not recoverable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has determined that if the business combination would have occurred on the first day of the reporting period there would not have been a material change to the continuing operations of the financial statements presented</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Credit Facility Assumed</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Company has a financing agreement (the &#8220;Financing Agreement&#8221;) with Rosenthal &#38; Rosenthal, Inc. that provides for a revolving loan with a maximum borrowing capacity of $3,500,000. The Financing Agreement renewal date was August 31, 2017 and will renew from year to year unless such Financing Agreement is terminated as set forth in the loan agreement. The amount outstanding under the Financing Agreement bears interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the &#8220;Effective Rate&#8221;) or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting the Company&#8217;s ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. The Financing Agreement provides for advances against eligible accounts receivable and inventory balances based on prescribed formulas of raw materials and finished goods. On July 31, 2017 the Company had approximately $1,090,000 in borrowings. Borrowings at April 30, 2017 totaled approximately $1,340,000.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">NOTE 7 &#8212; NET LOSS PER COMMON SHARE</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Net loss per common share is calculated in accordance with ASC 260, &#8220;Earnings Per Share&#8221;. Basic loss per share is computed by dividing net loss available to common stockholder, by the weighted average number of shares of common stock outstanding during the period. The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company&#8217;s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Common stock equivalents:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 64%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Stock options</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Stock warrants</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,771</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible preferred stock</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">818,180</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,847,257</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,535,409</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8,078,715</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">NOTE 9 &#8212; DISCONTINUED SEGMENTS</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2017, subsequent to the Merger, the Company decided to discontinue its memory product business. The Company intends to sell the Dataram Memory business within 12 months. The Company will focus its activities on its gold and precious metal exploration business.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The remaining assets and liabilities of held for sale operations are presented in the unaudited condensed balance sheets under the caption &#8220;Assets and Liabilities of held for sale operation&#8221; and relates to the held for sale operations&#160; of the memory product business. The carrying amounts of the major classes of these assets and liabilities as of July 31, 2017 are summarized as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Assets:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 82%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">46,107</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,439,541</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Inventories, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,011,722</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">53,186</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,833</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,151</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Assets of held for sale operations</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,588,540</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payables and accrued liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,014,075</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable &#8211; credit line</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,089,596</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Distribution payable</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">500,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,891</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities of held for sale operations</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,627,562</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company&#8217;s held for sale operations of its memory product business from the date of merger to July 31, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Revenues</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,363,052</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cost of sales</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,413,448</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">949,604</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Operating and other non-operating expenses (including impairment charge of 6,094,760)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(7,021,052</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Loss from held for sale operations (including impairment charge of 6,094,760)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(6,071,448</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair Value of Financial Instruments</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company adopted Accounting Standards Codification (&#8220;ASC&#8221;) ASC 820, &#8220;Fair Value Measurements and Disclosures&#8221; (&#8220;ASC 820&#8221;), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied in accordance with accounting principles generally accepted in the United States of America that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">These inputs are prioritized below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 15%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1:</font></td> <td style="width: 85%; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Observable inputs such as quoted market prices in active markets for identical assets or liabilities</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 2:</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Observable market-based inputs or unobservable inputs that are corroborated by market data</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3:</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Unobservable inputs for which there is little or no market data, which require the use of the reporting entity&#8217;s own assumptions.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board&#8217;s (&#8220;FASB&#8221;) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts reported in the condensed consolidated balance sheets for cash, prepaid expense and other current assets &#8211; current, accounts payable, accrued liabilities and liabilities &#8211; current, approximate their estimated fair values based on the short-term maturity of these instruments.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Impairment of long-lived assets</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset&#8217;s estimated fair value and its book value. During the quarter ended July 31, 2017, in accordance with section 6.1 of the Amended and Restated Agreement and Plan of Merger, the Company began to market the assets of Dataram Memory. In connection with this process, the Company determined that the carrying value of Goodwill exceeded its fair value, which triggered an impairment analysis. The Company recorded a goodwill impairment expense of $6,094,760 during the three months ended July 31, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Share-Based Compensation</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Share-based compensation is accounted for based on the requirements of ASC 718, &#8220;Compensation &#8211; Stock Compensation&#8217; (&#8220;ASC 718&#8221;) which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC 505, &#8220;Equity &#8211; Equity Based Payments to Non-Employees&#8221; (&#8220;ASC 505-50&#8221;), for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant <font style="background-color: white">date</font>. Until the measurement date is reached, the total amount of compensation expense remains uncertain.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Mineral Rights</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, &#8220;Impairment of long-lived assets&#8221;, and evaluates its carrying value under ASC 930-360, &#8220;Extractive Activities - Mining&#8221;, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 930-805, &#8220;Extractive Activities-Mining: Business Combinations&#8221; (&#8220;ASC 930-805&#8221;), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 930-805 provides that in measuring the fair value of mineral assets, an acquirer should take into account both:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9679; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The value beyond proven and probable reserves (&#8220;VBPP&#8221;) to the extent that a market participant would include VBPP in determining the fair value of the assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9679; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><u>Goodwill and other intangible assets</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 350-30-65, the Company assesses the impairment of identifiable intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 29px; text-align: justify; line-height: 107%">&#160;</td> <td style="width: 29px; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant underperformance relative to expected historical or projected future operating results;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant changes in the manner of use of the acquired assets or the strategy for the overall business; and</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Significant negative industry or economic trends.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">When the Company determines that the carrying value of intangibles may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income taxes</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for income taxes pursuant to the provision of ASC 740-10, &#8220;Accounting for Income Taxes&#8221; (&#8220;ASC 740-10&#8221;), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has adopted ASC 740-10-25, &#8220;Definition of Settlement&#8221;, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2016</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Common stock equivalents:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 64%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Stock options</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Stock warrants</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,771</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible preferred stock</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">818,180</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7,847,257</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,535,409</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">8,078,715</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Current assets (including cash of $255,555)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,063,059</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">45,984</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Goodwill</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">6,094,760</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities assumed (including a note payable &#8211; credit line of $1,096,504)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(3,541,868</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Net purchase price</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5,661,935</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock options as of July 31, 2017 and changes during the period then ended are presented below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Options</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Exercise</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Price</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Contractual</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Life</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>(Years)</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at April 30, 2017 (see Note 4)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.01</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cancelled</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">231,458</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.76</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Options exercisable at end of period</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">135,017</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Options expected to vest</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">96,441</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.60</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average fair value of options granted during the period</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">FOB Mine Value per Ton</font></td> <td style="line-height: 107%">&#160;</td> <td colspan="3" style="border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Percentage Royalty</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$00.00 to $50.00</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 21%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">5</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$50.01 to $100.00</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">7</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$100.01 to $150.00</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$150.01 and up</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of the major classes of these assets and liabilities as of July 31, 2017 are summarized as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Assets:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 82%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cash</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">46,107</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts receivable, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,439,541</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Inventories, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,011,722</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other current assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">53,186</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Property and equipment, net</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,833</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">34,151</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Assets of held for sale operations</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,588,540</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities:</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accounts payables and accrued liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,014,075</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable &#8211; credit line</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,089,596</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Distribution payable</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">500,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Other liabilities</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,891</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities of held for sale operations</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,627,562</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company&#8217;s held for sale operations of its memory product business from the date of merger to July 31, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Revenues</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 15%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,363,052</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cost of sales</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,413,448</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Gross profit</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">949,604</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Operating and other non-operating expenses (including impairment charge of 6,094,760)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(7,021,052</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Loss from held for sale operations (including impairment charge of 6,094,760)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(6,071,448</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Recent Accounting Pronouncements</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 10pt">In January 2017, the FASB issued ASU 2017-01 &#8220;Business Combinations (Topic 805): Clarifying the Definition of a Business&#8221;, which clarifies the definition of a business to assist entities with evaluating whether transactions should</font><font style="font-size: 8pt">&#160; </font><font style="font-size: 10pt">be accounted for as acquisitions or disposals of assets or businesses. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output to be considered a business. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company early adopted this ASU on May 1, 2017, and expects that the adoption of this ASU could have a material impact on future consolidated financial statements for acquisitions that are not considered to be businesses.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The future minimum lease payments under these mining leases are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 80%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2021</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2,240</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,200</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">14,400</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> The initial term of the Agreement is for two years ending on April 30, 2018, with automatic renewals for successive one year terms unless terminated by written notice at least 90 days prior to the expiration of the term. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term by either party. 2018-04-30 250000 0.25 0.75 2240 2240 2240 2240 2240 3200 14400 0.05 0.07 0.09 0.10 494227 221718 one (1) for four (4) basis -9277781 -1342415 -9277781 10900000 6094760 0.50 3000000 -38917 231458 231458 231458 3.60 2.79 0.10 under the terms of the Purchase and Sale Agreement, Nevada Gold retained additional NSR rights of 0.5% with regard to certain claims and 3.5% with regard to certain other claims. 0.01 0.01 2000000 5000000 0.90 4500018 4500180 0.001 0.001 452359 4.70 5661935 3063059 6094760 -3541868 5661935 255555 1096504 45002 1000 1.00 0.001 100000 75000 467305 15444 179211 500000 135017 96441 3.60 3.60 3.60 3.60 P4Y0M4D 452359 485774 33415 485774 2.64 3.80 32.61 3.80 P4Y2M23D P0Y10M25D P4Y8M12D 1535409 8078715 231458 485771 818180 231458 7847257 46107 2439541 1011722 53186 3833 34151 2014075 1089596 4363052 3413448 949604 -7021052 -6071448 1650000 20479 2.55 2.39 2.39 2.39 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Mineral properties consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>July 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>April 30, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Copper King project</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,091,738</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 16%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3,091,738</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Keystone project</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,028,885</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1,028,885</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,120,623</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4,120,623</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock warrants as of July 31, 2017 and changes during the period then ended are presented below:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Warrants</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Exercise</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Price</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Average</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Contractual</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>Life</b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>(Years)</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at April 30, 2017 (see Note 4)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">452,359</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.64</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.23</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Recapitalization on May 23, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">33,415</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">32.61</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">0.90</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Granted</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Cancelled</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Balance at July 31, 2017</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,774</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.80</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">4.70</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants exercisable at end of period</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">485,774</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.80</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Warrants expected to vest</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average fair value of warrants granted during the period</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 1500000 1028885 45984 640 480 2013-02-28 2014-02-28 P10Y P10Y 10000000 2500000 250000 15000 200000 144000 0.90 0.10 2500 500 19667 500000 3588540 3627562 23891 P3M P12M 2.00 2.00 3.00 3.00 4.00 4.00 0.00 50.01 50.00 100.00 100.01 150.00 150.01 0000027093 0.001 0.001 0.001 0.001 40550 290484 2431 2431 137500 722197 818200 818200 -1.00 -1.56 5661935 1205 5660730 1204667 5661935 450001 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of Estimates and Assumptions</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing the unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral&#160; rights, assets held for sale, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Revenue Recognition</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue is recognized when title passes upon shipment of goods to customers. The Company&#8217;s revenue earning activities relate to Dataram Memory and involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale in accordance with the Revenue Recognition &#8211; Right of Return Topic of the FASB ASC. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of Estimates</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred income tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.</p> 231458 6100000 3500000 0.0325 0.03 1340000 1090000 P3Y9M3D 2018 198151 774786 12399714 EX-101.SCH 7 usau-20170731.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Operations (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Organization and Description of Business link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Mineral Rights link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Acquisition link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Net Loss Per Common Share link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Discontinued Segments link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Mineral Rights (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Acquisition (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Stockholders' Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Net Loss Per Common Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Discontinued Segments (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Organization and Description of Business (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Mineral Rights (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Mineral Rights - Schedule of Mineral Properties (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Acquisition (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Related Party Transactions (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Stockholders' Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Stockholders' Equity - Schedule of Stock Option Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Stockholders' Equity - Schedule of Stock Warrant Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Net Loss Per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Commitments and Contingencies - Schedule of Royalty Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Discontinued Segments - Schedule of Discontinued Segments (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Discontinued Segments - Schedule of Discontinued Segments (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 usau-20170731_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 usau-20170731_def.xml XBRL DEFINITION FILE EX-101.LAB 10 usau-20170731_lab.xml XBRL LABEL FILE Equity Components [Axis] Common Stock [Member] Additional Paid-In Capital [Member] Accumulated Deficit [Member] Class of Stock [Axis] Convertible Series C Preferred Stock [Member] Series C Preferred Stock [Member] Lease Arrangement, Type [Axis] State Of Wyoming Mining Lease One [Member] State Of Wyoming Mining Lease Two [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Employment Agreement [Member] Related Party [Axis] Mr. Edward Karr [Member] Mr. David Rector [Member] Mr. David Mathewson [Member] Cash and Cash Equivalents [Axis] Cash [Member] Financial Instrument [Axis] FOB Mine Value Per Ton Range One [Member] Range [Axis] Minimum [Member] FOB Mine Value Per Ton Range Two [Member] Moylan Separation Agreement [Member] Lougee Separation Agreement [Member] Series B And Series C Convertible Preferred Stock [Member] Maximum [Member] Asset Purchase Agreement [Member] Business Acquisition [Axis] Copper King Project [Member] Purchase and Sale Agreement [Member] Keystone Project [Member] Scenario [Axis] Eight Anniversary of Closing Date [Member] Series C Convertible Preferred Stock [Member] Related Party Transaction [Axis] Copper King [Member] Holders Of GoldKing's [Member] Gold King [Member] Title of Individual [Axis] Chief Geologist [Member] Antidilutive Securities [Axis] Stock Option [Member] Stock Warrant [Member] Convertible Preferred Stock [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Plan Name [Axis] 2017 Equity Incentive Plan [Member] Nevada Gold Ventures, LLC [Member] Officers And Employees [Member] Five Directors [Member] Four Consultant [Member] Foreign Investor [Member] Mr. Lougee [Member] FOB Mine Value Per Ton Range Three [Member] FOB Mine Value Per Ton Range Four [Member] Escrow Agreement [Member] Financing Agreement [Member] Legal Entity [Axis] Rosenthal & Rosenthal, Inc [Member] Variable Rate [Axis] Prime Rate [Member] Effective Rate [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS: Cash Note receivable Prepaid expenses and current assets Assets held for sale - current Total Current Assets NON - CURRENT ASSETS: Reclamation bond deposit Mineral rights Assets held for sale - long term Total Non - Current Assets Total Assets LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable Accounts payable - related party Accrued liabilities Liabilities held for sale - current Total Current Liabilities LONG- TERM LIABILITIES Liabilities held for sale - long term Total Liabilities 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) 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 Additional paid-in capital Accumulated deficit Total Stockholders’ Equity Total Liabilities and Stockholders’ Equity Statement [Table] Statement [Line Items] Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Preferred stock, liquidation value Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Net revenues Operating expenses: Compensation and related taxes Exploration costs Professional fees General and administrative expenses Total operating expenses Operating loss from operations from continuing operations Other expense: Interest expense - related party Total other expense Loss from continuing operations before provision for income taxes Provision for income taxes Loss from continuing operations Discontinued operations: Loss from discontinued operations (including impairment expense of 6,094,760) Net loss Loss per common share, basic and diluted Loss from continuing operations Loss from held for sale operations Total losses Weighted average common shares outstanding - basic and diluted Impairment expenses Balance Balance, shares Merger with Dataram Corporation Merger with Dataram Corporation, shares Shares of common stock to be issued for cash Shares of common stock to be issued for cash, shares Conversion of preferred stock into common stock Conversion of preferred stock into common stock, shares Issuance of common stock for accrued services Issuance of common stock for accrued services, shares Net loss Balance Balance, shares Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash used in operating activities: Stock based compensation Impairment expense Changes in operating assets and liabilities: Prepaid expenses and other current assets Assets of held for sale operations - current Reclamation bond deposit Assets of held for sale operations - long term Accounts payable and accrued liabilities Accounts payable and accrued liabilities - related parties Liabilities of held for sale operations - current Liabilities of held for sale operations - long term NET CASH USED IN OPERATING ACTIVITIES CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of mineral rights NET CASH USED IN INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES: Issuance of preferred stock, net of issuance cost Issuance of common stock NET CASH PROVIDED BY FINANCING ACTIVITIES NET (DECREASE) INCREASE IN CASH CASH - beginning of period CASH - end of period SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid for: Interest Income taxes SUPPLEMENTAL DISCLOSURE OF NON -CASH INVESTING AND FINANCING ACTIVITIES: Issuance of common stock for the acquisition of mineral rights Grant of stock options for the acquisition of mineral rights Issuance of common stock for merger Issuance of common stock for accrued services Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Description of Business Accounting Policies [Abstract] Summary of Significant Accounting Policies Mineral Rights Mineral Rights Business Combinations [Abstract] Acquisition Related Party Transactions [Abstract] Related Party Transactions Equity [Abstract] Stockholders' Equity Earnings Per Share [Abstract] Net Loss Per Common Share Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Discontinued Operations and Disposal Groups [Abstract] Discontinued Segments Subsequent Events [Abstract] Subsequent Events Basis of Presentation and Liquidity Use of Estimates and Assumptions Fair Value of Financial Instruments Goodwill and Other Intangible Assets Impairment of Long-lived Assets Mineral Rights Revenue Recognition Share-Based Compensation Income Taxes Use of Estimates Recent Accounting Pronouncements Mineral Rights Tables Schedule of Mineral Properties Schedule of Assets Acquired and Liabilities Assumed Schedule of Stock Option Activity Schedule of Stock Warrant Activity Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share Schedule of Royalty Payable Schedule of Future Minimum Lease Payments Schedule of Discontinued Segments Equity ownership interest rate percent Net loss Net cash used in operation Accumulated deficit Proceeds from convertible preferred stock Impairment of goodwill Payments to acquire mineral properties Percentage of issued and outstanding shares Common stock outstanding value Mineral properties cost Purchase price and related transaction costs Number of common shares issued for acquisitions Number of options to purchase shares of common stock Option exercise price per share Common shares fair value Common stock value per share Sale of stock price per share Royalty rights description Royalty percentage Royalty revenue Total Number of common shares issued for acquisition Conversion price per share Conversion of stock shares converted Number of shares issued for conversion Number of shares held for escrow Number of warrants issued to purchase common stock Number of common stock options issued in connection with acquisition Common stock shares outstanding Acquisition consideration fair value per share Quoted trading price on the date of the Merger Goodwill Revolving line of credit maximum borrowing capacity Line of credit interest rate, percentage Borrowings Acquisition - Schedule Of Assets Acquired And Liabilities Assumed Details Current assets (including cash of $255,555) Other assets Goodwill Liabilities assumed (including a note payable - credit line of $1,096,504) Net purchase price Acquisition - Schedule Of Assets Acquired And Liabilities Assumed Details Parenthetical Cash Note payable - credit line Accounts payable to related party Reverse stock split Preferred stock, designated shares Preferred stock convertible into shares of common stock Preferred stock liquidation preference Common stock shares issued Number of shares issued for services rendered Number of shares issued for services rendered, value Reduction in accrued salaries Number of common stock shares sold Proceeds from sale of common stock Number of common shares issued for conversion of convertible stock Stock options expected to vest Number of Options Outstanding, Beginning of Period Number of Options Granted Number of Options Exercised Number of Options Forfeited Number of Options Cancelled Number of Options Outstanding, End of Period Number of Options exercisable at end of period Number of Options expected to vest Weighted Average Exercise Price Outstanding, Beginning of Period Weighted Average Exercise Price Granted Weighted Average Exercise Price, Exercised Weighted Average Exercise Price Forfeited Weighted Average Exercise Price Cancelled Weighted Average Exercise Price Outstanding, End of Period Weighted Average Exercise Price Options exercisable at end of period Weighted Average Exercise Price Options expected to vest Weighted Average Exercise Price Weighted average fair value of options granted during the period Weighted Average Remaining Contractual Life (Years), Beginning of Period Weighted Average Remaining Contractual Life (Years), Ending of Period Number of Warrants Outstanding, Beginning of Period Recapitalization Number of Warrants, Granted Number of Warrants, Exercised Number of Warrants, Forfeited Number of Warrants, Cancelled Number of Warrants Outstanding, End of Period Warrants exercisable at end of period Warrants expected to vest Weighted Average Exercise Price of Warrants Outstanding, Beginning of Period Weighted Average Exercise Price Recapitalization Weighted Average Exercise Price, Granted Weighted Average Exercise Price, Exercised Weighted Average Exercise Price, Forfeited Weighted Average Exercise Price, Cancelled Weighted Average Exercise Price of Warrants Outstanding, End of Period Weighted Average Exercise Price, exercisable at end of period Weighted Average Exercise Price, expected to vest Weighted average fair value of warrants granted during the period Weighted Average Remaining Contractual Life in Years, Beginning of Period Recapitalization Weighted Average Remaining Contractual Life in Years, End of Period Total Area of land Lease renewed date Lease term Lease annual payment per acre Lease annual payment per acre third ten year term Lease annual payment per acre thereafter Agreement description Agreement due date Base salary Bonus awarded Milestone amount Percentage of base salary Severance payment Severance monthly fee Percentage of severance monthly fee Monthly cash payments Restricted shares awarded FOB Mine Value per Ton Percentage Royalty 2018 2019 2020 2021 2022 Thereafter Total Cash Accounts receivable, net Inventories, net Other current assets Property and equipment, net Other assets Assets of held for sale operations Accounts payables and accrued liabilities Note payable - credit line Distribution payable Other liabilities Liabilities of held for sale operations Revenues Cost of sales Gross profit Operating and other non-operating expenses (including impairment charge of 6,094,760) Loss from held for sale operations (including impairment charge of 6,094,760) Impairment charges Subsequent Event [Table] Subsequent Event [Line Items] Common stock reservation shares Payments to acquire business Number of common stock issued during period Number of shares issued for services Number of shares issued for services, value Share issued price per share Reduced in accrued salaries Agreement term range start Agreement term range end Series B Preferred Stock & Series D Preferred Stock [Member] Shares to be Issued [Member] Sale Leaseback Agreement [Member] Mr. Sheerr [Member] Financing Agreement [Member] Rosenthal & Rosenthal, Inc [Member] Convertible Promissory Note [Member] USG [Member] Securities Purchase Agreement [Member] Five Accredited Investors [Member] Restricted Stock Grants [Member] Employees, Officers and Board of Directors [Member] Non-Employees [Member] 2011 Equity Incentive Plan and 2014 Equity Incentive Plan [Member] Option Exchange Agreements [Member] Stock Purchase Agreement [Member] Bridge Notes [Member] Sheerr Memory, LLC [Member] Keystone Memory Group [Member] 2011 Incentive Option Plans [Member] Incentive Stock Option [Member] Convertible Notes – USG [Member] JohnFreeman V Dataram Corporation [Member] Lawsuit One [Member] Lawsuit Two [Member] United States [Member] Series C Convertible Preferred Stock [Member] Convertible Series C Preferred Stock [Member] Accounts payable and accrued liabilities - related party. Compensation and related taxes. Issuance of common stock for the acquisition of mineral rights. Grant of stock options for the acquisition of mineral rights. Issuance of common stock for accrued services. Increase decrease in assets of discontinued operations - current. Increase decrease in assets of discontinued operations - long term. The increase (decrease) during the reporting period in the amounts payable to related parties for goods and services received and the amount of obligations and expenses incurred but not paid. Increase decrease in liabilities of discontinued operations - current. Increase decrease in liabilities of discontinued operations - long term. Mineral Rights [Text Block] Mineral rights [Policy Text Block] Schedule of Royalty Payable [Table Text Block] State Of Wyoming Mining Lease One [Member] State Of Wyoming Mining Lease Two [Member] Second Ten Year Term [Member] Third Ten Year Term [Member] Employment Agreement [Member] Mr Karr [Member] Foreign Investor [Member] Mr Mathewson [Member] Agreement description. Agreement due date. Bonus awarded. Percentage of base salary. Exercise Price Range One [Member] Exercise Price Range Two [Member] Exercise Price Range Three [Member] Exercise Price Range Four [Member] Percentage Royalty. Moylan Separation Agreement [Member] Lougee Separation Agreement [Member] Mr Lougee [Member] May Three Two Thousand And Seventeen [Member] Series B And Series C Convertible Preferred Stock [Member] Asset Purchase Agreement [Member] Purchase And Sale Agreement [Member] Eight Anniversary of Closing Date [Member] Percentage of issued and outstanding shares. Purchase price and related transaction costs. Royalty rights description. Royalty percentage. Copper King Project [Member] Keystone Project [Member] Incoming Officers and Consultants [Member] Options [Member] Broker Dealer Agent [Member] Gold King [Member] Acquisition consideration fair value per share. Quoted trading price on the date of the Merger. Business combination recognized identifiable assets acquired and liabilities assumed goodwill. Business combination recognized identifiable assets acquired and liabilities assumed cash. Business combination recognized identifiable assets acquired and liabilities assumed note payable credit line. Chief Geologist [Member] Designated preferred dhares authorized. Preferred stock convertible into shares of common stock. Share based compensation arrangement by share based payment award options cancelled in period. Share based compensation arrangements by share based payment award options cancelled in period weighted average exercise price. Sharebased compensation arrangement by sharebased payment award options outstanding weighted average remaining contractual term. Recapitalization. Share based compensation arrangement by share based payment award non option equity instruments cancelled. Share based compensation arrangement by share based payment award non option equity instruments exercisable. Share based compensation arrangement by share based payment award non option equity instruments expected to vest. Share based compensation arrangement by share based payment award equity instruments other than options recapitalization. Weighted Average Exercise Price, Cancelled. Share based compensation arrangement by share based payment award equity instruments other than options exercisable. Share based compensation arrangement by share based payment award equity instruments other than options expected to vest. Share based compensation arrangement by share based payment award equity instruments other than options weighted average grant date fair value. Share based compensation arrangement by share based payment award equity instruments other than options outstanding weighted average remaining contractual terms recapitalization. Weighted average remaining contractual life in years, end of period. Stock Warrant [Member] Note payable &#8211; credit line. Operating and other non-operating expenses. 2017 Equity Incentive Plan [Member] Officers And Employees [Member] Five Directors [Member] Four Consultant [Member] Consulting Agreement [Member] Schedule Of Mineral Properties [Table Text Block] Holders Of GoldKing’s [Member] Equity Incentive Plan [Member] Share based compensation arrangement by share based payment award equity instruments other than options exercised in period weighted average exercise price. Lease renewed date. Mr. Edward Karr [Member] Mr. David Rector [Member] Mr. David Mathewson [Member] Percentage of severance monthly fee. Severance monthly fee. FOB Mine Value Per Ton Range One [Member] FOB Mine Value Per Ton Range Two [Member] FOB Mine Value Per Ton Range Three [Member] FOB Mine Value Per Ton Range Four [Member] Disposa Group Including Discontinued Operation Distribution Payable Current. Nevada Gold Ventures, LLC [Member] Agreement term range start. Agreement term range end. Lease annual payment per acre. Lease annual payment per acre third ten year term. Lease annual payment per acre thereafter. FOB Mine Value per Ton. Issuance of common stock for merger. Copper King [Member] Number of shares held for escrow. Escrow Agreement [Member] Use of Estimates and Assumptions [Policy Text Block] Number of common stock options issued in connection with acquisition. Effective Rate [Member] Assets, Current Assets, Noncurrent Assets Liabilities, Current Liabilities Liabilities and Equity Operating Expenses Operating Income (Loss) Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest Shares, Outstanding Increase (Decrease) in Prepaid Expense and Other Assets IncreaseDecreaseInDiscontinuedOperationsAssetsCurrent Increase (Decrease) in Deposit Assets IncreaseDecreaseInDiscontinuedOperationsAssetsNonCurrent Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) IssuanceOfCommonStockForAccruedServices MineralRightsDisclosureTextBlock Commitments and Contingencies Disclosure [Text Block] MineralRightsPolicyTextBlock BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedGoodwill BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCash ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriod Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpectedToVest Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriodWeightedAverageExercisePrice ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisable ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVest ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsRecapitalization Operating Leases, Future Minimum Payments Due Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent Disposal Group, Including Discontinued Operation, Assets DisposalGroupIncludingDiscontinuedOperationNotesPayableCreditLine Disposal Group, Including Discontinued Operation, Liabilities EX-101.PRE 11 usau-20170731_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
3 Months Ended
Jul. 31, 2017
Sep. 13, 2017
Document And Entity Information    
Entity Registrant Name U.S. GOLD CORP.  
Entity Central Index Key 0000027093  
Document Type 10-Q  
Document Period End Date Jul. 31, 2017  
Amendment Flag false  
Current Fiscal Year End Date --04-30  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   12,399,714
Trading Symbol USAU  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2018  
XML 13 R2.htm IDEA: XBRL DOCUMENT 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
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
Jul. 31, 2017
Apr. 30, 2017
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 5,000,000 5,000,000
Common stock, par value $ 0.001 $ .001
Common stock, shares authorized 54,000,000 54,000,000
Common stock, shares issued 12,035,816 6,932,059
Common stock, shares outstanding 12,035,816 6,932,059
Convertible Series C Preferred Stock [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 45,002 45,002
Preferred stock, shares issued 8,182 45,002
Preferred stock, shares outstanding 8,182 45,002
Preferred stock, liquidation value $ 818,200 $ 818,200
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Income Statement [Abstract]    
Net revenues
Operating expenses:    
Compensation and related taxes 1,389,814 249,105
Exploration costs 767,883 111,246
Professional fees 861,463 878,089
General and administrative expenses 187,173 99,733
Total operating expenses 3,206,333 1,338,173
Operating loss from operations from continuing operations (3,206,333) (1,338,173)
Other expense:    
Interest expense - related party (4,242)
Total other expense (4,242)
Loss from continuing operations before provision for income taxes (3,206,333) (1,342,415)
Provision for income taxes
Loss from continuing operations (3,206,333) (1,342,415)
Discontinued operations:    
Loss from discontinued operations (including impairment expense of 6,094,760) (6,071,448)
Net loss $ (9,277,781) $ (1,342,415)
Loss per common share, basic and diluted    
Loss from continuing operations $ (0.35) $ (1.56)
Loss from held for sale operations (0.65) 0
Total losses $ (1.00) $ (1.56)
Weighted average common shares outstanding - basic and diluted 9,252,624 858,333
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Parenthetical) - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Income Statement [Abstract]    
Impairment expenses $ 6,094,760
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - 3 months ended Jul. 31, 2017 - USD ($)
Series C Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Apr. 30, 2017 $ 45 $ 6,932 $ 15,813,297 $ (4,570,057) $ 11,250,217
Balance, shares at Apr. 30, 2017 45,002 6,932,059      
Merger with Dataram Corporation $ 1,205 5,660,730 5,661,935
Merger with Dataram Corporation, shares 1,204,667      
Shares of common stock to be issued for cash $ 179 499,825 500,004
Shares of common stock to be issued for cash, shares 179,211      
Conversion of preferred stock into common stock $ (37) $ 3,682 (3,645)
Conversion of preferred stock into common stock, shares (36,820) 3,682,000     3,682,000
Issuance of common stock for accrued services $ 38 99,962 $ 100,000
Issuance of common stock for accrued services, shares 37,879      
Net loss (9,277,781) (9,277,781)
Balance at Jul. 31, 2017 $ 8 $ 12,036 $ 22,070,169 $ (13,847,838) $ 8,234,375
Balance, shares at Jul. 31, 2017 8,182 12,035,816      
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,277,781) $ (1,342,415)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 12,500 825,000
Impairment expense 6,094,760
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (589,135) (45,730)
Assets of held for sale operations - current (692,497)
Reclamation bond deposit (5,181)
Assets of held for sale operations - long term 8,000
Accounts payable and accrued liabilities 934,631 90,692
Accounts payable and accrued liabilities - related parties 69,089
Liabilities of held for sale operations - current 552,638
Liabilities of held for sale operations - long term (11,944)
NET CASH USED IN OPERATING ACTIVITIES (2,974,009) (403,364)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of mineral rights (288,917)
NET CASH USED IN INVESTING ACTIVITIES (288,917)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of preferred stock, net of issuance cost 4,587,406
Issuance of common stock 500,004
NET CASH PROVIDED BY FINANCING ACTIVITIES 500,004 4,587,406
NET (DECREASE) INCREASE IN CASH (2,474,005) 3,895,125
CASH - beginning of period 6,820,623 305,661
CASH - end of period 4,346,618 4,200,786
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON -CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock for the acquisition of mineral rights 555,000
Grant of stock options for the acquisition of mineral rights 184,968
Issuance of common stock for merger 5,661,935
Issuance of common stock for accrued services $ 100,000
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Organization and Description of Business
3 Months Ended
Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

 

Organization

 

U.S. Gold Corp., formerly known as Dataram Corporation (the “Company”) was incorporated under the laws of the State of Nevada and was originally incorporated in the State of New Jersey in 1967. Effective June 26, 2017, the Company changed its legal name to U.S. Gold Corp. from Dataram Corporation. On May 23, 2017, the Company merged with Gold King Corp. (“Gold King”), in a transaction treated as a reverse acquisition and recapitalization, and the business of Gold King became the business of the Company. The financial statements are those of Gold King (the accounting acquirer) prior to the merger and include the activity of Dataram Corporation (the legal acquirer) from the date of the merger. Gold King is a gold and precious metals exploration company pursuing exploration and development opportunities primarily in Nevada and Wyoming. None of the Company’s properties contain proven and probable reserves and all of the Company’s activities on all of its properties are exploratory in nature.

 

On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended, with the Secretary of State of the State of Nevada in order to effectuate a reverse stock split of the Company’s issued and outstanding common stock on a one for four basis. All share and per share values of the Company’s common stock for all periods presented in the accompanying unaudited condensed consolidated financial statements are retroactively restated for the effect of the  reverse stock split in accordance with Staff Accounting Bulletin 4C.

 

Recent developments- Acquisition

 

On June 13, 2016, Gold King, a private Nevada corporation, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with the Company, the Company’s wholly-owned Subsidiaries, Dataram Acquisition Sub, Inc., a Nevada corporation (“Acquisition Sub”), and all of the principal shareholders of Gold King (the “Gold King Shareholders”). Upon closing of the transactions contemplated under the Merger Agreement (the “Merger”), Gold King merged with and into Acquisition Sub with Gold King as the surviving corporation and became a wholly-owned subsidiary of the Company.

 

On May 23, 2017, the Company closed the Merger with Gold King. The Merger has constituted a change of control or change in control, the majority of the Board of Directors changed with the consummation of the Merger. The Company issued to Gold King shares of common stock which represented approximately 90% of the combined company.

 

On July 31, 2017, the Company’s Board of Directors, or Board reviewed and approved the recommendation of management to consider strategic options for Dataram Corporation’s legacy business (“Dataram Memory”) including the sale of the business, within the next 12 months. In approving the recommendation and adopting a formal plan, the Board retained the right to review all offers received and have final approval on any sale of the business. As such, the legacy business activities will be re-classed and reported as “discontinued operations”, assets and liabilities will be reflected on the balance sheet as “held for sale”.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies
3 Months Ended
Jul. 31, 2017
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation and Liquidity

 

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes the unaudited condensed consolidated financial statements and present the consolidated financial statements of the Company and its wholly-owned subsidiaries as of July 31, 2017. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended April 30, 2017, which are contained elsewhere in the Form 8-K/A filed on July 31, 2017. The consolidated balance sheet as of April 30, 2017 was derived from those financial statements. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year ended April 30, 2018.

 

As reflected in the accompanying unaudited condensed consolidated financial statements, the Company had a net loss and used cash in its operations of approximately $9.3 million and $3.0 million, respectively, for the three months ended July 31, 2017. Additionally, the Company had an accumulated deficit of approximately $13.8 million at July 31, 2017. The Company took steps to mitigate these factors by completing private placements to several investors for the sale of the Company’s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.

 

The above steps substantially lowered the Company’s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.

 

Use of Estimates and Assumptions

 

In preparing the unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral  rights, assets held for sale, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.

 

Fair Value of Financial Instruments

 

The Company adopted Accounting Standards Codification (“ASC”) ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied in accordance with accounting principles generally accepted in the United States of America that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

 

ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

 

These inputs are prioritized below:

 

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

 

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

The carrying amounts reported in the condensed consolidated balance sheets for cash, prepaid expense and other current assets – current, accounts payable, accrued liabilities and liabilities – current, approximate their estimated fair values based on the short-term maturity of these instruments.

 

Goodwill and other intangible assets

 

In accordance with ASC 350-30-65, the Company assesses the impairment of identifiable intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following:

 

  1. Significant underperformance relative to expected historical or projected future operating results;
  2. Significant changes in the manner of use of the acquired assets or the strategy for the overall business; and
  3. Significant negative industry or economic trends.

 

When the Company determines that the carrying value of intangibles may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows.

 

Impairment of long-lived assets

 

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. During the quarter ended July 31, 2017, in accordance with section 6.1 of the Amended and Restated Agreement and Plan of Merger, the Company began to market the assets of Dataram Memory. In connection with this process, the Company determined that the carrying value of Goodwill exceeded its fair value, which triggered an impairment analysis. The Company recorded a goodwill impairment expense of $6,094,760 during the three months ended July 31, 2017.

 

Mineral Rights

 

Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.

 

When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, “Impairment of long-lived assets”, and evaluates its carrying value under ASC 930-360, “Extractive Activities - Mining”, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.

 

To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed.

 

ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

 

ASC 930-805 provides that in measuring the fair value of mineral assets, an acquirer should take into account both:

 

●         The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.

 

●         The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.

 

Revenue Recognition

 

Revenue is recognized when title passes upon shipment of goods to customers. The Company’s revenue earning activities relate to Dataram Memory and involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale in accordance with the Revenue Recognition – Right of Return Topic of the FASB ASC. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.

 

Share-Based Compensation

 

Share-based compensation is accounted for based on the requirements of ASC 718, “Compensation – Stock Compensation’ (“ASC 718”) which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC 505, “Equity – Equity Based Payments to Non-Employees” (“ASC 505-50”), for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant date. Until the measurement date is reached, the total amount of compensation expense remains uncertain.

 

Income taxes

 

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

 

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

 

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

 

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred income tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.

 

Recent Accounting Pronouncements

 

In January 2017, the FASB issued ASU 2017-01 “Business Combinations (Topic 805): Clarifying the Definition of a Business”, which clarifies the definition of a business to assist entities with evaluating whether transactions should  be accounted for as acquisitions or disposals of assets or businesses. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output to be considered a business. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company early adopted this ASU on May 1, 2017, and expects that the adoption of this ASU could have a material impact on future consolidated financial statements for acquisitions that are not considered to be businesses.

 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Mineral Rights
3 Months Ended
Jul. 31, 2017
Mineral Rights  
Mineral Rights

NOTE 3 — MINERAL RIGHTS

 

Copper King Project

 

The mineral properties consist of the Copper King gold and copper development project located in the Silver Crown Mining District of southeast Wyoming (the “Copper King Project”) and certain unpatented mining claims in Meagher County Montana. On July 2, 2014, the Company entered into an Asset Purchase Agreement ( the “Asset Purchase Agreement”) whereby the Company acquired certain mining leases and other mineral rights comprising the Copper King project and certain unpatented mining claims located in Montana. Pursuant to the Asset Purchase Agreement, the purchase price was (a) cash payment in the amount of $1.5 million and (b) closing shares calculated at 50% of the issued and outstanding shares of the Company’s common stock and valued at $1.5 million.

 

In accordance with ASC 360-10, “Property, Plant, and Equipment”, assets are recognized based on their cost to the acquiring entity, which generally includes the transaction costs of the asset acquisition. Accordingly, the Company recorded a total cost of the acquired mineral properties of $3,091,738 which includes the purchase price ($3,000,000) and related transaction cost.

 

Keystone Project

 

The Company, through its wholly-owned subsidiary, U.S. Gold Acquisition, Inc., acquired the mining claims comprising the Keystone Project on May 27, 2016 from Nevada Gold Ventures, LLC (“Nevada Gold”) and Americas Gold Exploration, Inc. (collectively the “Sellers”) under the terms of the Purchase and Sale Agreement (the “Purchase and Sale Agreement”). At the time of purchase, the Keystone Project consisted of 284 unpatented lode mining claims situated in Eureka County, Nevada. The purchase price for the Keystone Property consisted of the following: (a) cash payment in the amount of $250,000, (b) the closing shares which is equivalent to 462,500 shares of the Company’s common stock and (c) an aggregate of 231,458 five-year options to purchase shares of the Company’s common stock at an exercise price of $3.60 per share.

 

The Company valued the common shares at the fair value of $555,000 or $1.20 per common share based on the contemporaneous sale of its preferred stock in a private placement at $0.10 per common share. The options were valued at $184,968. The options shall vest over a period of two years whereby 1/24 of the options shall vest and become exercisable each month for the next 24 months. The options are non-forfeitable and are not subject to obligations or service requirements.

 

Accordingly, the Company recorded a total cost of the acquired mineral properties of $1,028,885 which includes the purchase price ($989,968) and related transaction cost ($38,917).

 

Some of the Keystone claims are subject to pre-existing net smelter royalty (“NSR”) obligations. In addition, under the terms of the Purchase and Sale Agreement, Nevada Gold retained additional NSR rights of 0.5% with regard to certain claims and 3.5% with regard to certain other claims. Under the terms of the Purchase and Sale Agreement, the Company may buy down one percent (1%) of the royalty from Nevada Gold at any time through the fifth anniversary of the closing date for $2,000,000. In addition, the Company may buy down an additional one percent (1%) of the royalty anytime through the eighth anniversary of the closing date for $5,000,000.

 

As of the date of these unaudited condensed consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition costs and exploration costs.

 

Mineral properties consisted of the following:

 

    July 31, 2017     April 30, 2017  
Copper King project   $ 3,091,738     $ 3,091,738  
Keystone project     1,028,885       1,028,885  
Total   $ 4,120,623     $ 4,120,623  

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition
3 Months Ended
Jul. 31, 2017
Business Combinations [Abstract]  
Acquisition

NOTE 4 — ACQUISITION

 

On May 23, 2017, the Company closed the Merger with Gold King. Pursuant to the terms of the Merger Agreement and as consideration for the acquisition of Gold King, on the closing date, 2,446,433 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) were issued to holders of Gold King’s common stock, Series A Preferred Stock, Series B Preferred Stock and certain incoming officers. In addition, 45,000.18 shares of the Company’s newly designated Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”), convertible into an aggregate of 4,500,180 shares of the Company’s Common Stock that were to be issued to Copper King, 45,500.18 shares of Series C Preferred Stock were issued to Copper King on the Closing and 4,500.01 shares of Series C Preferred Stock are to be held in escrow pursuant to the terms of the Escrow Agreement and 4,523,589 shares of the Company’s common stock and warrants to purchase up to 452,359 shares of the Company’s common stock were issued to the holders of Gold King’s Series C Preferred Stock. Additionally, 231,458 of the Company’s stock options were issued to the holders of Gold King’s outstanding stock options issued in connection with the closing of the acquisition of the Keystone Project.

 

As a result of the merger, for financial statement reporting purposes, the business combination between the Company and Gold King has been treated as a reverse acquisition and recapitalization with Gold King deemed the accounting acquirer and the Company deemed the accounting acquiree under the acquisition method of accounting in accordance with FASB Accounting Standards Codification (“ASC”) Section 805-10-55. At the time of the Merger, both the Company and Gold King have their own separate operating segments. Accordingly, the assets and liabilities and the historical operations that are reflected in the consolidated financial statements after the Merger are those of the Gold King and are recorded at the historical cost basis of the Company. The acquisition process utilizes the capital structure of the Company and the assets and liabilities of Gold King which are recorded at historical cost.

 

The Company’s assets and liabilities were recorded at their fair values as of the date of the Merger and the results of operations of the Company are consolidated with results of operations of Gold King starting on the date of the Merger. The Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common stock of the Company prior to the closing of the Merger. The Company accounted for the value under ASC 805-50-30-2 “Business Combinations” whereby if the consideration is not in the form of cash, the measurement is based on either the cost which shall be measured based on the fair value of the consideration given or the fair value of the assets (or net assets) acquired, whichever is more clearly evident and thus more reliably measurable. The Company deemed that the fair value of the consideration given was $4.70 per share based on the quoted trading price on the date of the Merger amounting to $5,661,935 which is more clearly evident and more reliable measurement basis. The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. The Company expects to finalize the valuation and complete the purchase price allocation as soon as practicable but no later than one year from the acquisition date.

 

As a result of the reverse merger, the total purchase consideration exceeded the net assets acquired. The Company recorded approximately $6,100,000 of goodwill. None of the goodwill recognized is expected to be deductible for income tax purposes. The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

 

The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:

 

Current assets (including cash of $255,555)   $ 3,063,059  
Other assets     45,984  
Goodwill     6,094,760  
         
Liabilities assumed (including a note payable – credit line of $1,096,504)     (3,541,868 )
Net purchase price   $ 5,661,935  

 

During the three months ended July 31, 2017, the Company recorded an impairment loss of $6,094,760 as the Company determined that the carrying value of the goodwill is not recoverable.

 

The Company has determined that if the business combination would have occurred on the first day of the reporting period there would not have been a material change to the continuing operations of the financial statements presented

 

Credit Facility Assumed

 

The Company has a financing agreement (the “Financing Agreement”) with Rosenthal & Rosenthal, Inc. that provides for a revolving loan with a maximum borrowing capacity of $3,500,000. The Financing Agreement renewal date was August 31, 2017 and will renew from year to year unless such Financing Agreement is terminated as set forth in the loan agreement. The amount outstanding under the Financing Agreement bears interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the “Effective Rate”) or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting the Company’s ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. The Financing Agreement provides for advances against eligible accounts receivable and inventory balances based on prescribed formulas of raw materials and finished goods. On July 31, 2017 the Company had approximately $1,090,000 in borrowings. Borrowings at April 30, 2017 totaled approximately $1,340,000.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions
3 Months Ended
Jul. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 5 — RELATED PARTY TRANSACTIONS

 

Accounts payable to related party as of July 31, 2017 and April 30, 2017 was $2,431, and was reflected as accounts payable and accrued liabilities – related party in the accompanying unaudited condensed consolidated balance sheets. The related party is the managing partner of Copper King LLC who was a principal stockholder of Gold King.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity
3 Months Ended
Jul. 31, 2017
Equity [Abstract]  
Stockholders' Equity

NOTE 6 — STOCKHOLDERS’ EQUITY

 

On May 3, 2017, the Company filed a certificate of amendment to its Articles of Incorporation, as amended with the Secretary of State of the State of Nevada in order to (i) effectuate a reverse stock split of the Company’s issued and outstanding common stock, par value $0.001 per share on a one (1) for four (4) basis and (ii) increase the Company’s authorized number of shares of common stock and preferred stock to 200,000,000 shares from 54,000,000 shares and 50,000,000 shares from 5,000,000 shares, respectively.

 

Series C Convertible Preferred Stock

 

In May 2017, the Company designated 45,002 shares of Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Preferred Stock”). Each share of Series C Preferred Stock is convertible into shares of the Company’s common stock with a stated value of $1,000 per share and conversion price of $1.00 per share of common stock, subject to adjustment in the event of stock split, stock dividends, and recapitalization or otherwise. The holders of the Series C Preferred Stock shall not possess any voting rights. The Series C Preferred Stock does not contain any redemption provision. The Series C Preferred Stock are entitled to a liquidation preference equal to the par value of $0.001, prior to any payments to holders of (i) any other class or series of capital stock whose terms expressly provide that the holders of preferred shares should receive preferential payment with respect to such distribution and (ii) the common stock.

 

Common Stock

 

In connection with the Merger, the Company is deemed to have issued 1,204,667 shares of common stock which represents the outstanding common shares of the Company prior to the closing of the Merger (see Note 4).

 

In May 2017, in connection with the Merger (see Note 4), the Company issued 37,879 shares of the Company’s common stock having a fair value of $100,000 to the Chief Geologist for services rendered to the Company from June 2016 to January 2017 pursuant to his employment agreement with the Company’s wholly-owned subsidiary Gold King (see Note 8). Consequently, the Company reduced accrued salaries by $100,000 as of July 31, 2017.

 

In July 2017, the Company sold 179,211 shares of its common stock at $2.79 per common share for proceeds of approximately $500,000.

 

Between May 2017 and July 2017, the Company issued 3,682,000 shares of the Company’s common stock in exchange for the conversion of 36,820 shares of the Company’s Series C Preferred Stock.

 

Stock Options

 

A summary of the Company’s outstanding stock options as of July 31, 2017 and changes during the period then ended are presented below:

 

    Number of
Options
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)     231,458     $ 3.60       4.01  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Balance at July 31, 2017     231,458       3.60       3.76  
                         
Options exercisable at end of period     135,017     $ 3.60          
Options expected to vest     96,441     $ 3.60          
Weighted average fair value of options granted during the period           $          

 

The 96,441 options are expected to vest over the next 10 months.

 

Stock Warrants

 

A summary of the Company’s outstanding stock warrants as of July 31, 2017 and changes during the period then ended are presented below:

 

    Number of
Warrants
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)     452,359     $ 2.64       4.23  
Recapitalization on May 23, 2017     33,415       32.61       0.90  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Balance at July 31, 2017     485,774       3.80       4.70  
                         
Warrants exercisable at end of period     485,774     $ 3.80          
Warrants expected to vest         $          
Weighted average fair value of warrants granted during the period           $          

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Loss Per Common Share
3 Months Ended
Jul. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Common Share

NOTE 7 — NET LOSS PER COMMON SHARE

 

Net loss per common share is calculated in accordance with ASC 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, by the weighted average number of shares of common stock outstanding during the period. The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.

 

    July 31, 2017     July 31, 2016  
Common stock equivalents:                
Stock options     231,458       231,458  
Stock warrants     485,771       -  
Convertible preferred stock     818,180       7,847,257  
Total     1,535,409       8,078,715  

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies
3 Months Ended
Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 8 — COMMITMENTS AND CONTINGENCIES

 

Mining Leases

 

The Copper King property position consists of two State of Wyoming Metallic and Non-metallic Rocks and Minerals Mining Leases. These leases were assigned to the Company in July 2014 through the acquisition of the Copper King project.

 

The Company’s rights to the Copper King Project arise under two State of Wyoming mineral leases:

 

1) State of Wyoming Mining Lease No. 0-40828 consisting of 640 acres.

 

2) State of Wyoming Mining Lease No. 0-40858 consisting of 480 acres.

 

Lease 0-40828 was renewed in February 2013 for a second ten-year term and Lease 0-40858 was renewed for its second ten-year term in February 2014. Each lease requires an annual payment of $2.00 per acre. In connection with the Wyoming Mining Leases, the following production royalties must be paid to the State of Wyoming, although once the project is in operation, the Board of Land Commissioners has the authority to reduce the royalty payable to the State:

 

FOB Mine Value per Ton   Percentage Royalty
$00.00 to $50.00     5 %
$50.01 to $100.00     7 %
$100.01 to $150.00     9 %
$150.01 and up     10 %

 

The future minimum lease payments under these mining leases are as follows:

 

2018     $ 2,240  
2019       2,240  
2020       2,240  
2021       2,240  
2022       2,240  
Thereafter       3,200  
      $ 14,400  

 

The Company may renew the lease for a third ten-year term which will require an annual payment of $3.00 per acre and then $4.00 per acre thereafter.

 

Executive Employment Agreements

 

On April 12, 2016, the Company entered into an employment agreement with its Chief Executive Officer, Mr. Edward Karr. The initial term of the Agreement is for two years ending on April 30, 2018, with automatic renewals for successive one year terms unless terminated by written notice at least 90 days prior to the expiration of the term. Mr. Karr is to receive a base salary of $250,000 per year. The Agreement calls for a bonus of $250,000 to be awarded upon meeting a certain milestone goal which is concluding a financing of at least $10,000,000, a minimum of $2,500,000 of which must come from foreign investors. The bonus may be paid in cash, stock, or a combination thereof in the discretion of the board. Any bonus for a calendar year shall be subject to Mr. Karr’s continued employment with the Company through the end of the calendar year in which it is earned and shall be paid after the conclusion of the calendar year in accordance with the Company’s regular bonus payment policies in the year following the year with respect to which the bonus relates, and in any case not later than two and one half (2-1/2) months following the end of the year with respect to which a bonus is earned.

 

The Company’s former Chief Operating Officer, Mr. David Rector, is employed under an Executive Employment Agreement dated Apri1 14, 2016. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term. Mr. Rector is to receive a base salary of $15,000 per month. The agreement calls for a bonus in an amount up to the amount of the base salary, to be awarded in the discretion of the board of directors and to be paid in cash, stock, or a combination thereof in the discretion of the board.

 

On June 27, 2016, the Company entered into an employment agreement with its Chief Geologist, Mr. David Mathewson. The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term by either party. Mr. Mathewson is to receive a base salary of $200,000 per year. The base salary shall be payable as follows: (a) 25% of the base salary shall be payable in equal monthly cash installments and (b) the remaining 75% of the base salary shall be payable in equal monthly installments in the form of common stock of the Company. Each installment of common stock shall be issued on the first business day of the months and shall be valued at the market price on the trading day immediately prior to the date of issuance. Market price is the closing bid price on the principal securities exchange or trading market. Mr. Mathewson shall be entitled to receive bonus to be paid in cash, stock, or a combination thereof and equity awards.

 

Separation Agreements

 

On June 8, 2017, the Company and David A. Moylan, the Company’s former President and Chief Executive Officer, entered into a separation agreement (the “Moylan Separation Agreement”). Mr. Moylan remains a director of the Company and its wholly owned subsidiary Dataram Memory and remains the President and Chief Executive Officer of Dataram Memory. As previously disclosed, Mr. Moylan resigned as Chairman of the Board of Directors and as the President and Chief Executive Officer of the Company on May 23, 2017 in connection with the closing of the transactions contemplated by the Agreement and Plan of Merger, with Dataram Acquisition Sub, Inc., a Nevada corporation and wholly-owned subsidiary of the Company, Gold King Corp., a Nevada corporation and Copper King LLC, the principal shareholder of Gold King pursuant to which Gold King merged with and into Acquisition Sub, with Gold King surviving the merger as the surviving corporation (see Note 4).

 

Under the terms of the Moylan Separation Agreement, Mr. Moylan received a severance payment of an aggregate of $494,227. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Moylan and the Company. Also as set forth in the Moylan Separation Agreement, Mr. Moylan will, until terminated by the Company’s Board of Directors at its sole option with two weeks’ notice, serve as the President and Chief Executive Officer of Dataram Memory for a monthly fee of $19,667, payable 90% in common stock of the Company and 10% in cash and provide general consulting and support services to the Company.

 

On June 6, 2017, Anthony Lougee resigned as Chief Financial Officer of the Company pursuant to a Change in Control and Severance Agreement by and between the Company and Mr. Lougee dated July 31, 2015 (the “Lougee Severance Agreement”). Mr. Lougee’s decision to resign did not result from any disagreement with the Company, the Company’s management or the Board of Directors. On June 8, 2017, the Company entered into a separation agreement with Mr. Lougee (the “Lougee Separation Agreement”). Under the terms of the Lougee Separation Agreement, Mr. Lougee received a severance payment of an aggregate of $221,718. Unless revoked, the agreement becomes effective eight days following execution. Such severance payment is the sole and exclusive payment by the Company and is in lieu of any and all payments or obligations, including any separation payments under prior agreements between Mr. Lougee and the Company, including the Lougee Severance Agreement.

 

On June 8, 2017, the Company reappointed Mr. Lougee to serve as our Chief Financial Officer and as the Chief Financial Officer of Dataram Memory and entered into an amended and restated offer letter agreement which was accepted (the “Employment Agreement”). Mr. Lougee’s compensation shall remain the same as his compensation immediately prior to his resignation: a base salary of $144,000 with additional monthly cash payments of $2,500 through the earliest to occur of (i) his resignation or removal as Chief Financial Officer of the Company or of Dataram Memory or (ii) November 23, 2017. He shall also receive a monthly award of 500 shares of restricted common stock. Mr. Lougee’s employment is on an at-will basis and may be terminated without notice at any time by Mr. Lougee or the Board of Directors. The Employment Agreement cancels and supersedes the Lougee Severance Agreement, the offer letter agreement by and between the Company and Mr. Lougee dated July 31, 2015 and the incentive agreement by and between the Company and Mr. Lougee dated February 7, 2017.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
Discontinued Segments
3 Months Ended
Jul. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Segments

NOTE 9 — DISCONTINUED SEGMENTS

 

In June 2017, subsequent to the Merger, the Company decided to discontinue its memory product business. The Company intends to sell the Dataram Memory business within 12 months. The Company will focus its activities on its gold and precious metal exploration business.

 

The remaining assets and liabilities of held for sale operations are presented in the unaudited condensed balance sheets under the caption “Assets and Liabilities of held for sale operation” and relates to the held for sale operations  of the memory product business. The carrying amounts of the major classes of these assets and liabilities as of July 31, 2017 are summarized as follows:

 

    July 31, 2017  
Assets:        
Cash   $ 46,107  
Accounts receivable, net     2,439,541  
Inventories, net     1,011,722  
Other current assets     53,186  
Property and equipment, net     3,833  
Other assets     34,151  
         
Assets of held for sale operations   $ 3,588,540  
         
Liabilities:        
Accounts payables and accrued liabilities   $ 2,014,075  
Note payable – credit line     1,089,596  
Distribution payable     500,000  
Other liabilities     23,891  
         
Liabilities of held for sale operations   $ 3,627,562  

 

The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company’s held for sale operations of its memory product business from the date of merger to July 31, 2017.

 

    July 31, 2017  
Revenues   $ 4,363,052  
Cost of sales     3,413,448  
Gross profit     949,604  
Operating and other non-operating expenses (including impairment charge of 6,094,760)     (7,021,052 )
         
Loss from held for sale operations (including impairment charge of 6,094,760)   $ (6,071,448 )

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Events
3 Months Ended
Jul. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events

NOTE 10 — SUBSEQUENT EVENTS

 

In August 2017, the Company’s Board of directors approved the Company’s 2017 Equity Incentive Plan including the reservation of 1,650,000 shares of common stock there under.

 

In August 2017, the Company closed on a transaction under a purchase and sale agreement executed in June 2017 with Nevada Gold Ventures, LLC, a Nevada limited liability company (“Seller”) and the Company’s wholly-owned subsidiary, U.S. Gold Acquisition Corporation, a Nevada corporation (“Buyer”) pursuant to which the Seller sold and the Buyer purchased all right, title and interest in the Gold Bar North Property, a gold development project located in Eureka County, Nevada. The purchase price for the Gold Bar North Property was: (a) cash payment in the amount of $20,479 which was paid in August 2017 and (b) 15,000 shares of common stock of the Company which were issued in August 2017. Mr. David Mathewson, the Company’s Chief Geologist is a member of Nevada Gold Ventures, LLC.

 

In August 2017, the Company issued 29,412 shares of the Company’s common stock to the Chief Geologist for services rendered to the Company from February 2017 to July 2017 pursuant to his employment agreement (see Note 8). The Company valued these common shares at the fair value of $75,000 or $2.55 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $75,000.

 

In August 2017, the Company issued an aggregate of 195,525 shares of the Company’s common stock to officers and employees of the Company for services rendered. The Company valued these common shares at the fair value of $467,305 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued salaries by $467,305.

 

In August 2017, the Company issued an aggregate of 6,461 shares of the Company’s common stock to five directors of the Company for services rendered. The Company valued these common shares at the fair value of $15,444 or $2.39 per common share based on the quoted trading price on the date of grant and reduced accrued expenses by $15,444.

 

In August 2017, the Company issued an aggregate of 117,500 shares of the Company’s common stock to four consultants pursuant to consulting agreements related to investor relations and business advisory services. The term of the consulting agreements ranges from 3 months to 12 months. The Company valued these common shares at the fair value of $280,825 or $2.39 per common share based on the quoted trading price on the date of grant and shall be recorded to prepaid expenses to be amortized over the term of its respective consulting agreements.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Jul. 31, 2017
Accounting Policies [Abstract]  
Basis of Presentation and Liquidity

Basis of Presentation and Liquidity

 

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission for interim financial information, which includes the unaudited condensed consolidated financial statements and present the consolidated financial statements of the Company and its wholly-owned subsidiaries as of July 31, 2017. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended April 30, 2017, which are contained elsewhere in the Form 8-K/A filed on July 31, 2017. The consolidated balance sheet as of April 30, 2017 was derived from those financial statements. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year ended April 30, 2018.

 

As reflected in the accompanying unaudited condensed consolidated financial statements, the Company had a net loss and used cash in its operations of approximately $9.3 million and $3.0 million, respectively, for the three months ended July 31, 2017. Additionally, the Company had an accumulated deficit of approximately $13.8 million at July 31, 2017. The Company took steps to mitigate these factors by completing private placements to several investors for the sale of the Company’s Series B and Series C Convertible Preferred Stock for aggregate net proceeds of approximately $10.9 million between July 2016 and October 2016. The Company is anticipating raising additional capital but there can be no assurance that it will be able to do so or if the terms will be favorable.

 

The above steps substantially lowered the Company’s potential cash exposure. Additionally, the Company is able to control cash spending on its exploration activities. As a result, as of the date of the issuance of these financial statements, the Company believes its current cash position and plans have alleviated substantial doubt about its ability to sustain operations for at least one year from the issuance of these condensed unaudited consolidated financial statements.

Use of Estimates and Assumptions

Use of Estimates and Assumptions

 

In preparing the unaudited condensed consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to valuation of mineral  rights, assets held for sale, stock-based compensation, the fair value of common stock issued and the valuation of deferred tax assets and liabilities.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

The Company adopted Accounting Standards Codification (“ASC”) ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied in accordance with accounting principles generally accepted in the United States of America that requires the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements.

 

ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

 

These inputs are prioritized below:

 

Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.

 

The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board’s (“FASB”) accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

The carrying amounts reported in the condensed consolidated balance sheets for cash, prepaid expense and other current assets – current, accounts payable, accrued liabilities and liabilities – current, approximate their estimated fair values based on the short-term maturity of these instruments.

Goodwill and Other Intangible Assets

Goodwill and other intangible assets

 

In accordance with ASC 350-30-65, the Company assesses the impairment of identifiable intangibles whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Factors the Company considers to be important which could trigger an impairment review include the following:

 

  1. Significant underperformance relative to expected historical or projected future operating results;
  2. Significant changes in the manner of use of the acquired assets or the strategy for the overall business; and
  3. Significant negative industry or economic trends.

 

When the Company determines that the carrying value of intangibles may not be recoverable based upon the existence of one or more of the above indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, the Company records an impairment charge. The Company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows.

Impairment of Long-lived Assets

Impairment of long-lived assets

 

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. During the quarter ended July 31, 2017, in accordance with section 6.1 of the Amended and Restated Agreement and Plan of Merger, the Company began to market the assets of Dataram Memory. In connection with this process, the Company determined that the carrying value of Goodwill exceeded its fair value, which triggered an impairment analysis. The Company recorded a goodwill impairment expense of $6,094,760 during the three months ended July 31, 2017.

Mineral Rights

Mineral Rights

 

Costs of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred as it is still in the exploration stage. If the Company identifies proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established.

 

When a property reaches the production stage, the related capitalized costs are amortized on a units-of-production basis over the proven and probable reserves following the commencement of production. The Company assesses the carrying costs of the capitalized mineral properties for impairment under ASC 360-10, “Impairment of long-lived assets”, and evaluates its carrying value under ASC 930-360, “Extractive Activities - Mining”, annually. An impairment is recognized when the sum of the expected undiscounted future cash flows is less than the carrying amount of the mineral properties. Impairment losses, if any, are measured as the excess of the carrying amount of the mineral properties over its estimated fair value.

 

To date, the Company has not established the commercial feasibility of any exploration prospects; therefore, all exploration costs are being expensed.

 

ASC 930-805, “Extractive Activities-Mining: Business Combinations” (“ASC 930-805”), states that mineral rights consist of the legal right to explore, extract, and retain at least a portion of the benefits from mineral deposits. Mining assets include mineral rights. Acquired mineral rights are considered tangible assets under ASC 930-805. ASC 930-805 requires that mineral rights be recognized at fair value as of the acquisition date. As a result, the direct costs to acquire mineral rights are initially capitalized as tangible assets. Mineral rights include costs associated with acquiring patented and unpatented mining claims.

 

ASC 930-805 provides that in measuring the fair value of mineral assets, an acquirer should take into account both:

 

●         The value beyond proven and probable reserves (“VBPP”) to the extent that a market participant would include VBPP in determining the fair value of the assets.

 

●         The effects of anticipated fluctuations in the future market price of minerals in a manner that is consistent with the expectations of market participants.

Revenue Recognition

Revenue Recognition

 

Revenue is recognized when title passes upon shipment of goods to customers. The Company’s revenue earning activities relate to Dataram Memory and involve delivering or producing goods. The following criteria are met before revenue is recognized: persuasive evidence of an arrangement exists, shipment has occurred, selling price is fixed or determinable and collection is reasonably assured. The Company does experience a minimal level of sales returns and allowances for which the Company accrues a reserve at the time of sale in accordance with the Revenue Recognition – Right of Return Topic of the FASB ASC. Estimated warranty costs are accrued by management upon product shipment based on an estimate of future warranty claims.

Share-Based Compensation

Share-Based Compensation

 

Share-based compensation is accounted for based on the requirements of ASC 718, “Compensation – Stock Compensation’ (“ASC 718”) which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC 505, “Equity – Equity Based Payments to Non-Employees” (“ASC 505-50”), for share-based payments to consultants and other third-parties, compensation expense is determined at the measurement date which is the grant date. Until the measurement date is reached, the total amount of compensation expense remains uncertain.

Income Taxes

Income taxes

 

The Company accounts for income taxes pursuant to the provision of ASC 740-10, “Accounting for Income Taxes” (“ASC 740-10”), which requires, among other things, an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes it is more likely than not that the net deferred asset will not be realized.

 

The Company follows the provision of ASC 740-10 related to Accounting for Uncertain Income Tax Positions. When tax returns are filed, there may be uncertainty about the merits of positions taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740-10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions.

 

Tax positions that meet the more likely than not recognition threshold are measured at the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefit associated with tax positions taken that exceed the amount measured as described above should be reflected as a liability for uncertain tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company believes its tax positions are all more likely than not to be upheld upon examination. As such, the Company has not recorded a liability for uncertain tax benefits.

 

The Company has adopted ASC 740-10-25, “Definition of Settlement”, which provides guidance on how an entity should determine whether a tax position is effectively settled for the purpose of recognizing previously unrecognized tax benefits and provides that a tax position can be effectively settled upon the completion and examination by a taxing authority without being legally extinguished. For tax positions considered effectively settled, an entity would recognize the full amount of tax benefit, even if the tax position is not considered more likely than not to be sustained based solely on the basis of its technical merits and the statute of limitations remains open. The federal and state income tax returns of the Company are subject to examination by the IRS and state taxing authorities, generally for three years after they are filed.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, including deferred income tax asset valuation allowances and certain other reserves and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Some of the more significant estimates made by management include the allowance for doubtful accounts and sales returns, the deferred income tax asset valuation allowance and other operating allowances and accruals. Actual results could differ from those estimates.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In January 2017, the FASB issued ASU 2017-01 “Business Combinations (Topic 805): Clarifying the Definition of a Business”, which clarifies the definition of a business to assist entities with evaluating whether transactions should  be accounted for as acquisitions or disposals of assets or businesses. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output to be considered a business. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company early adopted this ASU on May 1, 2017, and expects that the adoption of this ASU could have a material impact on future consolidated financial statements for acquisitions that are not considered to be businesses.

 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Mineral Rights (Tables)
3 Months Ended
Jul. 31, 2017
Mineral Rights  
Schedule of Mineral Properties

Mineral properties consisted of the following:

 

    July 31, 2017     April 30, 2017  
Copper King project   $ 3,091,738     $ 3,091,738  
Keystone project     1,028,885       1,028,885  
Total   $ 4,120,623     $ 4,120,623  

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition (Tables)
3 Months Ended
Jul. 31, 2017
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed

The net purchase price paid by the Company was allocated to assets acquired and liabilities assumed on the records of the Company as follows:

 

Current assets (including cash of $255,555)   $ 3,063,059  
Other assets     45,984  
Goodwill     6,094,760  
         
Liabilities assumed (including a note payable – credit line of $1,096,504)     (3,541,868 )
Net purchase price   $ 5,661,935  

XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity (Tables)
3 Months Ended
Jul. 31, 2017
Equity [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s outstanding stock options as of July 31, 2017 and changes during the period then ended are presented below:

 

    Number of
Options
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)     231,458     $ 3.60       4.01  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Balance at July 31, 2017     231,458       3.60       3.76  
                         
Options exercisable at end of period     135,017     $ 3.60          
Options expected to vest     96,441     $ 3.60          
Weighted average fair value of options granted during the period           $          

Schedule of Stock Warrant Activity

A summary of the Company’s outstanding stock warrants as of July 31, 2017 and changes during the period then ended are presented below:

 

    Number of
Warrants
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at April 30, 2017 (see Note 4)     452,359     $ 2.64       4.23  
Recapitalization on May 23, 2017     33,415       32.61       0.90  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Balance at July 31, 2017     485,774       3.80       4.70  
                         
Warrants exercisable at end of period     485,774     $ 3.80          
Warrants expected to vest         $          
Weighted average fair value of warrants granted during the period           $          

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Loss Per Common Share (Tables)
3 Months Ended
Jul. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

    July 31, 2017     July 31, 2016  
Common stock equivalents:                
Stock options     231,458       231,458  
Stock warrants     485,771       -  
Convertible preferred stock     818,180       7,847,257  
Total     1,535,409       8,078,715  

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Tables)
3 Months Ended
Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Royalty Payable

FOB Mine Value per Ton   Percentage Royalty
$00.00 to $50.00     5 %
$50.01 to $100.00     7 %
$100.01 to $150.00     9 %
$150.01 and up     10 %

Schedule of Future Minimum Lease Payments

The future minimum lease payments under these mining leases are as follows:

 

2018     $ 2,240  
2019       2,240  
2020       2,240  
2021       2,240  
2022       2,240  
Thereafter       3,200  
      $ 14,400  

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Discontinued Segments (Tables)
3 Months Ended
Jul. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Segments

The carrying amounts of the major classes of these assets and liabilities as of July 31, 2017 are summarized as follows:

 

    July 31, 2017  
Assets:        
Cash   $ 46,107  
Accounts receivable, net     2,439,541  
Inventories, net     1,011,722  
Other current assets     53,186  
Property and equipment, net     3,833  
Other assets     34,151  
         
Assets of held for sale operations   $ 3,588,540  
         
Liabilities:        
Accounts payables and accrued liabilities   $ 2,014,075  
Note payable – credit line     1,089,596  
Distribution payable     500,000  
Other liabilities     23,891  
         
Liabilities of held for sale operations   $ 3,627,562  

 

The following table sets forth for the three months ended July 31, 2017, indicated selected financial data of the Company’s held for sale operations of its memory product business from the date of merger to July 31, 2017.

 

    July 31, 2017  
Revenues   $ 4,363,052  
Cost of sales     3,413,448  
Gross profit     949,604  
Operating and other non-operating expenses (including impairment charge of 6,094,760)     (7,021,052 )
         
Loss from held for sale operations (including impairment charge of 6,094,760)   $ (6,071,448 )

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Organization and Description of Business (Details Narrative)
May 23, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Equity ownership interest rate percent 90.00%
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
3 Months Ended 4 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Oct. 31, 2016
Apr. 30, 2017
Net loss $ 9,277,781 $ 1,342,415    
Net cash used in operation 2,974,009 $ 403,364    
Accumulated deficit 13,847,838     $ 4,570,057
Impairment of goodwill $ 6,094,760      
Series B And Series C Convertible Preferred Stock [Member]        
Proceeds from convertible preferred stock     $ 10,900,000  
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Mineral Rights (Details Narrative) - USD ($)
3 Months Ended
May 27, 2016
Jul. 02, 2014
Jul. 31, 2017
Jul. 31, 2016
Apr. 30, 2017
Payments to acquire mineral properties     $ 288,917  
Number of options to purchase shares of common stock     231,458   231,458
Common shares fair value     $ 12,036   $ 6,932
Common stock value per share     $ 0.001   $ .001
Sale of stock price per share     $ 2.79    
Grant of stock options for the acquisition of mineral rights     $ 184,968  
Asset Purchase Agreement [Member] | Copper King Project [Member]          
Payments to acquire mineral properties   $ 1,500,000 3,091,738    
Percentage of issued and outstanding shares   50.00%      
Common stock outstanding value   $ 1,500,000      
Purchase price and related transaction costs     3,000,000    
Purchase and Sale Agreement [Member] | Keystone Project [Member]          
Payments to acquire mineral properties $ 250,000   (989,968)    
Mineral properties cost     1,028,885    
Purchase price and related transaction costs     (38,917)    
Number of common shares issued for acquisitions 462,500        
Number of options to purchase shares of common stock 231,458        
Option exercise price per share $ 3.60        
Common shares fair value     $ 555,000    
Common stock value per share     $ 1.20    
Sale of stock price per share     $ 0.10    
Royalty rights description     under the terms of the Purchase and Sale Agreement, Nevada Gold retained additional NSR rights of 0.5% with regard to certain claims and 3.5% with regard to certain other claims.    
Royalty percentage     1.00%    
Royalty revenue     $ 2,000,000    
Purchase and Sale Agreement [Member] | Keystone Project [Member] | Eight Anniversary of Closing Date [Member]          
Royalty percentage     1.00%    
Royalty revenue     $ 5,000,000    
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Mineral Rights - Schedule of Mineral Properties (Details) - USD ($)
Jul. 31, 2017
Apr. 30, 2017
Total $ 4,120,623 $ 4,120,623
Copper King Project [Member]    
Total 3,091,738 3,091,738
Keystone Project [Member]    
Total $ 1,028,885 $ 1,028,885
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
May 23, 2017
May 31, 2017
Jul. 31, 2017
Jul. 31, 2016
Apr. 30, 2017
Common stock shares outstanding     12,035,816   6,932,059
Impairment expense     $ 6,094,760  
Borrowings     $ 1,090,000   $ 1,340,000
Gold King [Member]          
Common stock shares outstanding     1,204,667    
Acquisition consideration fair value per share     $ 4.70    
Quoted trading price on the date of the Merger     $ 5,661,935    
Goodwill     6,100,000    
Financing Agreement [Member] | Rosenthal & Rosenthal, Inc [Member]          
Revolving line of credit maximum borrowing capacity     $ 3,500,000    
Financing Agreement [Member] | Rosenthal & Rosenthal, Inc [Member] | Prime Rate [Member]          
Line of credit interest rate, percentage     3.25%    
Financing Agreement [Member] | Rosenthal & Rosenthal, Inc [Member] | Effective Rate [Member]          
Line of credit interest rate, percentage     3.00%    
Series C Preferred Stock [Member] | Escrow Agreement [Member]          
Number of shares held for escrow 450,001        
Holders Of GoldKing's [Member]          
Number of common shares issued for acquisition 2,446,433        
Conversion price per share $ 0.001        
Holders Of GoldKing's [Member] | Series C Preferred Stock [Member]          
Number of common shares issued for acquisition   4,523,589      
Number of warrants issued to purchase common stock   452,359      
Number of common stock options issued in connection with acquisition   231,458      
Copper King [Member] | Series C Convertible Preferred Stock [Member]          
Number of common shares issued for acquisition 4,550,018        
Conversion price per share $ 0.001        
Conversion of stock shares converted 4,500,018        
Number of shares issued for conversion 4,500,180        
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details)
Jul. 31, 2017
USD ($)
Acquisition - Schedule Of Assets Acquired And Liabilities Assumed Details  
Current assets (including cash of $255,555) $ 3,063,059
Other assets 45,984
Goodwill 6,094,760
Liabilities assumed (including a note payable - credit line of $1,096,504) (3,541,868)
Net purchase price $ 5,661,935
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) (Parenthetical)
Jul. 31, 2017
USD ($)
Acquisition - Schedule Of Assets Acquired And Liabilities Assumed Details  
Cash $ 255,555
Note payable - credit line $ 1,096,504
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions (Details Narrative) - USD ($)
Jul. 31, 2017
Apr. 30, 2017
Related Party Transactions [Abstract]    
Accounts payable to related party $ 2,431 $ 2,431
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
May 31, 2017
Jul. 31, 2017
Apr. 30, 2017
Common stock, par value   $ 0.001 $ .001
Reverse stock split   one (1) for four (4) basis  
Common stock, shares authorized   54,000,000 54,000,000
Preferred stock, shares authorized   5,000,000 5,000,000
Preferred stock, designated shares   45,002  
Preferred stock, par value   $ 0.001 $ 0.001
Preferred stock convertible into shares of common stock   1,000  
Preferred stock liquidation preference   $ 0.001  
Common stock shares outstanding   12,035,816 6,932,059
Common stock shares issued   12,035,816 6,932,059
Number of shares issued for services rendered, value   $ 100,000  
Reduction in accrued salaries   $ 100,000  
Number of common stock shares sold   179,211  
Proceeds from sale of common stock   $ 500,000  
Sale of stock price per share   $ 2.79  
Number of common shares issued for conversion of convertible stock   3,682,000  
Stock options expected to vest   96,441  
Chief Geologist [Member]      
Number of shares issued for services rendered 37,879    
Number of shares issued for services rendered, value $ 100,000    
Series C Preferred Stock [Member]      
Number of common shares issued for conversion of convertible stock   36,820  
Common Stock [Member]      
Preferred stock convertible into shares of common stock   $ 1.00  
Number of shares issued for services rendered   37,879  
Number of shares issued for services rendered, value   $ 38  
Number of common shares issued for conversion of convertible stock   3,682,000  
Minimum [Member]      
Common stock, shares authorized   54,000,000  
Preferred stock, shares authorized   5,000,000  
Maximum [Member]      
Common stock, shares authorized   200,000,000  
Preferred stock, shares authorized   50,000,000  
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity - Schedule of Stock Option Activity (Details)
3 Months Ended
Jul. 31, 2017
$ / shares
shares
Equity [Abstract]  
Number of Options Outstanding, Beginning of Period | shares 231,458
Number of Options Granted | shares
Number of Options Exercised | shares
Number of Options Forfeited | shares
Number of Options Cancelled | shares
Number of Options Outstanding, End of Period | shares 231,458
Number of Options exercisable at end of period | shares 135,017
Number of Options expected to vest | shares 96,441
Weighted Average Exercise Price Outstanding, Beginning of Period $ 3.60
Weighted Average Exercise Price Granted
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price Forfeited
Weighted Average Exercise Price Cancelled
Weighted Average Exercise Price Outstanding, End of Period 3.60
Weighted Average Exercise Price Options exercisable at end of period 3.60
Weighted Average Exercise Price Options expected to vest 3.60
Weighted Average Exercise Price Weighted average fair value of options granted during the period
Weighted Average Remaining Contractual Life (Years), Beginning of Period 4 years 4 days
Weighted Average Remaining Contractual Life (Years), Ending of Period 3 years 9 months 3 days
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity - Schedule of Stock Warrant Activity (Details)
3 Months Ended
Jul. 31, 2017
$ / shares
shares
Equity [Abstract]  
Number of Warrants Outstanding, Beginning of Period 452,359
Recapitalization 33,415
Number of Warrants, Granted
Number of Warrants, Exercised
Number of Warrants, Forfeited
Number of Warrants, Cancelled
Number of Warrants Outstanding, End of Period 485,774
Warrants exercisable at end of period 485,774
Warrants expected to vest
Weighted Average Exercise Price of Warrants Outstanding, Beginning of Period | $ / shares $ 2.64
Weighted Average Exercise Price Recapitalization 32.61
Weighted Average Exercise Price, Granted | $ / shares
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price, Forfeited | $ / shares
Weighted Average Exercise Price, Cancelled | $ / shares
Weighted Average Exercise Price of Warrants Outstanding, End of Period | $ / shares 3.80
Weighted Average Exercise Price, exercisable at end of period | $ / shares 3.80
Weighted Average Exercise Price, expected to vest | $ / shares
Weighted average fair value of warrants granted during the period | $ / shares
Weighted Average Remaining Contractual Life in Years, Beginning of Period 4 years 2 months 23 days
Recapitalization 10 months 25 days
Weighted Average Remaining Contractual Life in Years, End of Period 4 years 8 months 12 days
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Net Loss Per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Total 1,535,409 8,078,715
Stock Option [Member]    
Total 231,458 231,458
Stock Warrant [Member]    
Total 485,771
Convertible Preferred Stock [Member]    
Total 818,180 7,847,257
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies (Details Narrative)
3 Months Ended
Jun. 08, 2017
USD ($)
shares
Jun. 27, 2016
USD ($)
Apr. 14, 2016
USD ($)
Apr. 12, 2016
USD ($)
Jul. 31, 2017
USD ($)
a
$ / T
Employment Agreement [Member] | Common Stock [Member]          
Percentage of base salary   75.00%      
Employment Agreement [Member] | Cash [Member]          
Percentage of base salary   25.00%      
Employment Agreement [Member] | Foreign Investor [Member] | Minimum [Member]          
Milestone amount       $ 2,500,000  
Employment Agreement [Member] | Mr. Edward Karr [Member]          
Agreement description       The initial term of the Agreement is for two years ending on April 30, 2018, with automatic renewals for successive one year terms unless terminated by written notice at least 90 days prior to the expiration of the term.  
Agreement due date       Apr. 30, 2018  
Base salary       $ 250,000  
Bonus awarded       250,000  
Milestone amount       $ 10,000,000  
Employment Agreement [Member] | Mr. David Rector [Member]          
Agreement description     The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term.    
Base salary     $ 15,000    
Employment Agreement [Member] | Mr. David Mathewson [Member]          
Agreement description   The initial term of the Agreement is for one year, with automatic renewals for successive one year terms unless terminated by written notice at least 30 days prior to the expiration of the term by either party.      
Base salary   $ 200,000      
Employment Agreement [Member] | Mr. Lougee [Member]          
Base salary $ 144,000        
Monthly cash payments $ 2,500        
Restricted shares awarded | shares 500        
Moylan Separation Agreement [Member]          
Severance payment         $ 494,227
Severance monthly fee         $ 19,667
Moylan Separation Agreement [Member] | Common Stock [Member]          
Percentage of severance monthly fee         90.00%
Moylan Separation Agreement [Member] | Cash [Member]          
Percentage of severance monthly fee         10.00%
Lougee Separation Agreement [Member]          
Severance payment $ 221,718        
State Of Wyoming Mining Lease One [Member]          
Area of land | a         640
Lease renewed date         Feb. 28, 2013
Lease term         10 years
Lease annual payment per acre | $ / T         2.00
Lease annual payment per acre third ten year term | $ / T         3.00
Lease annual payment per acre thereafter | $ / T         4.00
State Of Wyoming Mining Lease Two [Member]          
Area of land | a         480
Lease renewed date         Feb. 28, 2014
Lease term         10 years
Lease annual payment per acre | $ / T         2.00
Lease annual payment per acre third ten year term | $ / T         3.00
Lease annual payment per acre thereafter | $ / T         4.00
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies - Schedule of Royalty Payable (Details)
Jul. 31, 2017
$ / T
FOB Mine Value Per Ton Range One [Member]  
Percentage Royalty 5.00%
FOB Mine Value Per Ton Range One [Member] | Minimum [Member]  
FOB Mine Value per Ton 0.00
FOB Mine Value Per Ton Range One [Member] | Maximum [Member]  
FOB Mine Value per Ton 50.00
FOB Mine Value Per Ton Range Two [Member]  
Percentage Royalty 7.00%
FOB Mine Value Per Ton Range Two [Member] | Minimum [Member]  
FOB Mine Value per Ton 50.01
FOB Mine Value Per Ton Range Two [Member] | Maximum [Member]  
FOB Mine Value per Ton 100.00
FOB Mine Value Per Ton Range Three [Member]  
Percentage Royalty 9.00%
FOB Mine Value Per Ton Range Three [Member] | Minimum [Member]  
FOB Mine Value per Ton 100.01
FOB Mine Value Per Ton Range Three [Member] | Maximum [Member]  
FOB Mine Value per Ton 150.00
FOB Mine Value Per Ton Range Four [Member]  
FOB Mine Value per Ton 150.01
Percentage Royalty 10.00%
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details)
Jul. 31, 2017
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2018 $ 2,240
2019 2,240
2020 2,240
2021 2,240
2022 2,240
Thereafter 3,200
Total $ 14,400
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.7.0.1
Discontinued Segments - Schedule of Discontinued Segments (Details)
3 Months Ended
Jul. 31, 2017
USD ($)
Discontinued Operations and Disposal Groups [Abstract]  
Cash $ 46,107
Accounts receivable, net 2,439,541
Inventories, net 1,011,722
Other current assets 53,186
Property and equipment, net 3,833
Other assets 34,151
Assets of held for sale operations 3,588,540
Accounts payables and accrued liabilities 2,014,075
Note payable - credit line 1,089,596
Distribution payable 500,000
Other liabilities 23,891
Liabilities of held for sale operations 3,627,562
Revenues 4,363,052
Cost of sales 3,413,448
Gross profit 949,604
Operating and other non-operating expenses (including impairment charge of 6,094,760) (7,021,052)
Loss from held for sale operations (including impairment charge of 6,094,760) $ (6,071,448)
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.7.0.1
Discontinued Segments - Schedule of Discontinued Segments (Details) (Parenthetical) - USD ($)
3 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]    
Impairment charges $ 6,094,760
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Events (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Aug. 31, 2017
May 31, 2017
Jul. 31, 2017
Subsequent Event [Line Items]      
Number of shares issued for services, value     $ 100,000
Reduced in accrued salaries     $ 100,000
Chief Geologist [Member]      
Subsequent Event [Line Items]      
Number of shares issued for services   37,879  
Number of shares issued for services, value   $ 100,000  
Subsequent Event [Member] | Officers And Employees [Member]      
Subsequent Event [Line Items]      
Number of shares issued for services 195,525    
Number of shares issued for services, value $ 467,305    
Share issued price per share $ 2.39    
Reduced in accrued salaries $ 467,305    
Subsequent Event [Member] | Five Directors [Member]      
Subsequent Event [Line Items]      
Number of shares issued for services 6,461    
Number of shares issued for services, value $ 15,444    
Share issued price per share $ 2.39    
Reduced in accrued salaries $ 15,444    
Subsequent Event [Member] | Four Consultant [Member]      
Subsequent Event [Line Items]      
Number of shares issued for services 117,500    
Number of shares issued for services, value $ 280,825    
Share issued price per share $ 2.39    
Agreement term range start 3 months    
Agreement term range end 12 months    
Subsequent Event [Member] | Purchase and Sale Agreement [Member] | Nevada Gold Ventures, LLC [Member]      
Subsequent Event [Line Items]      
Payments to acquire business $ 20,479    
Number of common stock issued during period 15,000    
Subsequent Event [Member] | Employment Agreement [Member] | Chief Geologist [Member]      
Subsequent Event [Line Items]      
Number of shares issued for services 29,412    
Number of shares issued for services, value $ 75,000    
Share issued price per share $ 2.55    
Reduced in accrued salaries $ 75,000    
Subsequent Event [Member] | 2017 Equity Incentive Plan [Member]      
Subsequent Event [Line Items]      
Common stock reservation shares 1,650,000    
EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 55 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 56 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 93 249 1 false 48 0 false 6 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://usgoldcorp.gold/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://usgoldcorp.gold/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://usgoldcorp.gold/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://usgoldcorp.gold/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Operations (Parenthetical) Sheet http://usgoldcorp.gold/role/StatementsOfOperationsParenthetical Condensed Consolidated Statements of Operations (Parenthetical) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) Sheet http://usgoldcorp.gold/role/StatementOfChangesInStockholdersEquity Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) Statements 6 false false R7.htm 00000007 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://usgoldcorp.gold/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 7 false false R8.htm 00000008 - Disclosure - Organization and Description of Business Sheet http://usgoldcorp.gold/role/OrganizationAndDescriptionOfBusiness Organization and Description of Business Notes 8 false false R9.htm 00000009 - Disclosure - Summary of Significant Accounting Policies Sheet http://usgoldcorp.gold/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - Mineral Rights Sheet http://usgoldcorp.gold/role/MineralRights Mineral Rights Notes 10 false false R11.htm 00000011 - Disclosure - Acquisition Sheet http://usgoldcorp.gold/role/Acquisition Acquisition Notes 11 false false R12.htm 00000012 - Disclosure - Related Party Transactions Sheet http://usgoldcorp.gold/role/RelatedPartyTransactions Related Party Transactions Notes 12 false false R13.htm 00000013 - Disclosure - Stockholders' Equity Sheet http://usgoldcorp.gold/role/StockholdersEquity Stockholders' Equity Notes 13 false false R14.htm 00000014 - Disclosure - Net Loss Per Common Share Sheet http://usgoldcorp.gold/role/NetLossPerCommonShare Net Loss Per Common Share Notes 14 false false R15.htm 00000015 - Disclosure - Commitments and Contingencies Sheet http://usgoldcorp.gold/role/CommitmentsAndContingencies Commitments and Contingencies Notes 15 false false R16.htm 00000016 - Disclosure - Discontinued Segments Sheet http://usgoldcorp.gold/role/DiscontinuedSegments Discontinued Segments Notes 16 false false R17.htm 00000017 - Disclosure - Subsequent Events Sheet http://usgoldcorp.gold/role/SubsequentEvents Subsequent Events Notes 17 false false R18.htm 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://usgoldcorp.gold/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://usgoldcorp.gold/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - Mineral Rights (Tables) Sheet http://usgoldcorp.gold/role/MineralRightsTables Mineral Rights (Tables) Tables http://usgoldcorp.gold/role/MineralRights 19 false false R20.htm 00000020 - Disclosure - Acquisition (Tables) Sheet http://usgoldcorp.gold/role/AcquisitionTables Acquisition (Tables) Tables http://usgoldcorp.gold/role/Acquisition 20 false false R21.htm 00000021 - Disclosure - Stockholders' Equity (Tables) Sheet http://usgoldcorp.gold/role/StockholdersEquityTables Stockholders' Equity (Tables) Tables http://usgoldcorp.gold/role/StockholdersEquity 21 false false R22.htm 00000022 - Disclosure - Net Loss Per Common Share (Tables) Sheet http://usgoldcorp.gold/role/NetLossPerCommonShareTables Net Loss Per Common Share (Tables) Tables http://usgoldcorp.gold/role/NetLossPerCommonShare 22 false false R23.htm 00000023 - Disclosure - Commitments and Contingencies (Tables) Sheet http://usgoldcorp.gold/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Tables http://usgoldcorp.gold/role/CommitmentsAndContingencies 23 false false R24.htm 00000024 - Disclosure - Discontinued Segments (Tables) Sheet http://usgoldcorp.gold/role/DiscontinuedSegmentsTables Discontinued Segments (Tables) Tables http://usgoldcorp.gold/role/DiscontinuedSegments 24 false false R25.htm 00000025 - Disclosure - Organization and Description of Business (Details Narrative) Sheet http://usgoldcorp.gold/role/OrganizationAndDescriptionOfBusinessDetailsNarrative Organization and Description of Business (Details Narrative) Details http://usgoldcorp.gold/role/OrganizationAndDescriptionOfBusiness 25 false false R26.htm 00000026 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://usgoldcorp.gold/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://usgoldcorp.gold/role/SummaryOfSignificantAccountingPoliciesPolicies 26 false false R27.htm 00000027 - Disclosure - Mineral Rights (Details Narrative) Sheet http://usgoldcorp.gold/role/MineralRightsDetailsNarrative Mineral Rights (Details Narrative) Details http://usgoldcorp.gold/role/MineralRightsTables 27 false false R28.htm 00000028 - Disclosure - Mineral Rights - Schedule of Mineral Properties (Details) Sheet http://usgoldcorp.gold/role/MineralRights-ScheduleOfMineralPropertiesDetails Mineral Rights - Schedule of Mineral Properties (Details) Details 28 false false R29.htm 00000029 - Disclosure - Acquisition (Details Narrative) Sheet http://usgoldcorp.gold/role/AcquisitionDetailsNarrative Acquisition (Details Narrative) Details http://usgoldcorp.gold/role/AcquisitionTables 29 false false R30.htm 00000030 - Disclosure - Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) Sheet http://usgoldcorp.gold/role/Acquisition-ScheduleOfAssetsAcquiredAndLiabilitiesAssumedDetails Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) Details 30 false false R31.htm 00000031 - Disclosure - Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) Sheet http://usgoldcorp.gold/role/Acquisition-ScheduleOfAssetsAcquiredAndLiabilitiesAssumedDetailsParenthetical Acquisition - Schedule of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) Details 31 false false R32.htm 00000032 - Disclosure - Related Party Transactions (Details Narrative) Sheet http://usgoldcorp.gold/role/RelatedPartyTransactionsDetailsNarrative Related Party Transactions (Details Narrative) Details http://usgoldcorp.gold/role/RelatedPartyTransactions 32 false false R33.htm 00000033 - Disclosure - Stockholders' Equity (Details Narrative) Sheet http://usgoldcorp.gold/role/StockholdersEquityDetailsNarrative Stockholders' Equity (Details Narrative) Details http://usgoldcorp.gold/role/StockholdersEquityTables 33 false false R34.htm 00000034 - Disclosure - Stockholders' Equity - Schedule of Stock Option Activity (Details) Sheet http://usgoldcorp.gold/role/StockholdersEquity-ScheduleOfStockOptionActivityDetails Stockholders' Equity - Schedule of Stock Option Activity (Details) Details 34 false false R35.htm 00000035 - Disclosure - Stockholders' Equity - Schedule of Stock Warrant Activity (Details) Sheet http://usgoldcorp.gold/role/StockholdersEquity-ScheduleOfStockWarrantActivityDetails Stockholders' Equity - Schedule of Stock Warrant Activity (Details) Details 35 false false R36.htm 00000036 - Disclosure - Net Loss Per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Sheet http://usgoldcorp.gold/role/NetLossPerCommonShare-ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareDetails Net Loss Per Common Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) Details 36 false false R37.htm 00000037 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://usgoldcorp.gold/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://usgoldcorp.gold/role/CommitmentsAndContingenciesTables 37 false false R38.htm 00000038 - Disclosure - Commitments and Contingencies - Schedule of Royalty Payable (Details) Sheet http://usgoldcorp.gold/role/CommitmentsAndContingencies-ScheduleOfRoyaltyPayableDetails Commitments and Contingencies - Schedule of Royalty Payable (Details) Details 38 false false R39.htm 00000039 - Disclosure - Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Sheet http://usgoldcorp.gold/role/CommitmentsAndContingencies-ScheduleOfFutureMinimumLeasePaymentsDetails Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) Details 39 false false R40.htm 00000040 - Disclosure - Discontinued Segments - Schedule of Discontinued Segments (Details) Sheet http://usgoldcorp.gold/role/DiscontinuedSegments-ScheduleOfDiscontinuedSegmentsDetails Discontinued Segments - Schedule of Discontinued Segments (Details) Details 40 false false R41.htm 00000041 - Disclosure - Discontinued Segments - Schedule of Discontinued Segments (Details) (Parenthetical) Sheet http://usgoldcorp.gold/role/DiscontinuedSegments-ScheduleOfDiscontinuedSegmentsDetailsParenthetical Discontinued Segments - Schedule of Discontinued Segments (Details) (Parenthetical) Details 41 false false R42.htm 00000042 - Disclosure - Subsequent Events (Details Narrative) Sheet http://usgoldcorp.gold/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://usgoldcorp.gold/role/SubsequentEvents 42 false false All Reports Book All Reports usau-20170731.xml usau-20170731.xsd usau-20170731_cal.xml usau-20170731_def.xml usau-20170731_lab.xml usau-20170731_pre.xml true true ZIP 60 0001493152-17-010612-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-17-010612-xbrl.zip M4$L#!!0 ( R$+DN#FBCTM)\ ( 9!@ 1 =7-A=2TR,#$W,#_*_,O__3GTK$<11F[@__5- MO5I[8PF_'SBN?__7-S]NCTYOSRXNWEC_]V__^W]9\+^__)^C(^NK*SSGH_4E MZ!]=^(/@DW5I#\5'ZU?AB]".@_"3];OM)?A-\-7U1&B=!<.1)V(!/_!,'ZU6 MM5&SK:.C.<;]7?A.$/ZXN=#C/L3QZ..'#T]/3U4_>+2?@O"/J-H/YAON-DC" MOM!C_;@]_6']TOAB-6KUX]IQLV[5:_^P_E&WOGR]K/X]=5?O?JRU/C9J_V_.26,[3B(]:>UGMU9KU&JU%K_^EY^]T',_XK\MV! _ M^O@SN'\6VWQ=OU%N>Z_]1]%[] MY.3D _VJ'AU[$B=7)?O4^>/P /\#S]=91K7[4K*O'0S&8"'+G _RJ'G2CH-6H'T]; M'S^A7DCB<.+#)Q_@5_U@='1OVR/]\,".>O2@_ &A/LY"#;^$@2>BPG?HEX*7 M_,#WDV$Q3$XOW9K^4?0%@P*^+H:-?"J!S_4<1Q<5; MQ[_A2\WL2W@R]2M)=!]X3C\(1U7\XX,ZK6_4X4."_1C1L;@1 XMH_>,#44 2 MVJ'Z,W+>R)\1W+^^B5SD3F^L#VHH/HS]P(_%S]ARG;^^^1H&0UY5&V", M _[[^"B=7[\F_-B-G_6W^GO7P5\&+K!#@E)DT*Z0<7;QVYN_U?!_C>/:2?,O M'_(OI]-]*)Q/SC:"+0N<<2C@D(8Q,K2_I=3N]D7E'? M9P!07TJ43L;S:70UX#E.CNK-/<,ML\#X;^D"]!3REU4CJ774K.TUDG !:T52 M9]^1U-D DN1&_(\42?\#ZMHP\&_CH/_'=S'LB7!KZ$OYEK@?"F/=^B<'@/DY M\MR^&S.LEN/"DZS.R@5]1.U+X/OG?R8 -ZJC@0\?H].?;O3F;^JQL77_Y4/A M%"9X'XKAVXO#D=_W4\=Q8T"<[5W;KG/AG]DC-[:]@Z*!J3@X,'JX$;'M^L(Y MMT,?[,'HH BA>/&OGP+V4*G-(LG43M=Z3/I)% =#D)9@P(2QV_/$+0PKHK-K ML#I$& KG-8K0,\^. ^T-#XQ:*=]G \+AW%\2LK8-\I8'\^0GH..X3GH["63 MS7@..LMX#CH;\!SL)VZS]M[&!)C2\PZ!.4U7]G:6,:U/9$UV:99TL8MTL3>> MVY*$=I6$-JSS3&,MI8NQ9",+L)&27$J647JG=\P[O9^LI"2C'2.C'6(Q9%LG7 V'P0R7?V$JJO!/Y^#(:#@NXN(^";L2%SYXG40 ZWF- QM M_YYHXNYY) PO_VP$E 1!^+A["@Z;(#0"7BM!I"&?UE%=AWS@[X8BCO/AR N> M<4FG]Z$@[/':U0/?PW/GR0Z=W^PP?!W4@M1Q-3#(Q2"5B>B832&+@' C/"!) MYQJ4B.<[@".R^Z@$1Y^?S5\,N,9W8:O:D"2HA8-N2'GKT88RE-XT*+VU *5_ ML1]=YT;TXZ D]2V2^M@V[ "M-Y>A]=:Z:;USU.@H6H>_CQ>E]>]V_"">HL O MR7W+Y)[;B6U3/!+6PA2/%+CNE(KYJ%P[Z^WHH23M%9$V(O/4=_ _:(4_VEY! ME$ C?(LJ=8X4UW6;8T%2?&UQHQV@R#T,76V"-G/V_]>KSV#S"KKO>RW"N\"_ MP2W3WA!-HF@9#Y/AZR#/KZYO^WW7]BX Q6&2(]!9.%FQ4H!C9VDR@^O7ZGY8 MB!ZU,Z:DQW&TY\[3L13I/9,Y9>1M\F MD!*F22M2@K^[BI2^!_\,J)(9\,8]P%=]'6#" M-JS5(@O17-\K9R8M@YGPWSIAXC2*1'R= MA/T'S#DICJZ=!2.8_C?7O[\.@W^)_@&H_-/0LEJI]SF)7%]$T6D?9%Y$R<.9 M*]Z%J-\J"VLMP\(DV:W;>IWD""G)O"3S!W$G0A M4)\G$/IOXAG^ZXN#(?/I:-DDH1>B?ML**5+3PMD1[0UD1Y2D79+V2T+3[0V' MIDL:+6ET(1K=27F?3ZWYHQ2\F\W/W_B%^./5]%YLVV.'SU>#N09QY M 6S0/<);GHJ-G0KM\KWM"]\&JC"3\>;;I_*8[M8QG53(\57Z7/;"V['MXJ[E MSN_&SF^Z>.NKE)Q[(""V>][+7=^%7=_$66\?-?:[P0PN8/TF>:.A;!6<+YO< M,2N%85R(OH[S-%^JQ\L3/!:!:<(5R$*IOBN:?T,'6N?6_$VB7Y?F7Q)Z2>C[ MQJ93EU)[SO*[BF;_'GB."&%S?X4_?GN%Q:O&:7>JU[TJC#3N\[%:U;D=U!FMI*MHFF*43>U0A%]^M@0ZP^BEO1 M3T)02T1T_K/O)8YP$"-XF3B)Z8KHU4!5J[X6X>V#'8K/S\4#Y$@PC[62\!94 MA F#_[0Q>>>5R+^U$IZLI9S'64EVBW><>M77CS?"_7;YRO+.$F5!Z]=2"+\B M(;Q[O7"G$%XIA%^+$-XKLBN%\&$(X=TCRM3=VLT(WJ07B3\36.KYH\C?L;A[ M"NX>@B2RL58+_BR$S^6H+OP^8N=17'OV*Y'8.4RD75PF/+".P"%B\](>FNUC M%MJ#[?J3NQOP)W<-LV9^0I[O2M&E>+0=&X,VO\-O22BB;]_.2N)>%7'ORFVE MA9LD3*&+;5MZW64LO>X&W _+G=.9G4->8]AHU\_FALKI[UOT;,>.WC+Z77G< MRN.VJ\=M7U3+J\' [8LP LV%=TZ(UY)1N0L'90J53L9\*1I>+!I*LB[)>E]8 M\%?W47QQ0VK96!+I1HBT .4ETWTQTRT)^1 )>6_8;)"$9X$?)5[\:J*E.T^> M!3@O&>W+&6U)R@=)RIMBM9(FR^+]957SE]!HK@K_IJ_JT4V$J\$_GX,A7F)S M,4?CFX!-THU*]YTL:34&5:9,4V8ZS4+ MF7Q;F9Z+D-3NMGHH=+4 MU6#XJF MTOKRK:-Z8^[0U??PW'FR0^IT7HW> EJ?;*@4[L>*CM&-7P_/IJTC%BTF!W/': M=,?C.20"=P8N3]#VI(&Y ]O6<_:B$?/7J\_ %L3OMI>(:Q'>!3XQ#FV O,X& MD%]=W_;[KNU=@(P.DQQYS\+)^AGU(32C7(X>2\H[>%K0AFS)F\9Q4O*F[=%C M27DE+3R$8DQS>DV&]7(TDF+E=1NY^T.3I<3<)$V6,G,R]DOJ*^E!8/+& 9-# MNOS72@VS6YV\UL+A^U.L>R\;AY1DLVVRV8%N20OT)SB/^F'PE(M;[#NQ[%)S M@JF!HR+DEVQN'KV)U0K_?D+P\2:(X+L'VSOU'?WWA=]_'?0]C:8F868U5.T( M]^,W<6][YX0Q8][I&#\$/:XX ^]EE*I9^74(FW"C^S>7%+Q[%+S(^G^W0]?N M>;2C6<&4V^CM2X.=RDY<^WE3:M%@(/I8[*L\6GH.@.]Z MPCR4C%B 6WSW,AF*T(Z# H); =Y&(M&-2;](GS,5)\U[6R\Y.+?YG3H-A3UQFQ FN[_()B$G9R9^ M([!6$=8DQ@*:EF0B-V(P348#RZW>5JU?K[Y]LJ5X[^@-.PU<<5SYIESCV]RW8FCF=.=PJ\./O'5L^_GGF9@>Y'@ M&3(#C._(5]<3X1E,>A^$SW./?SNT/7C/NA&C((Q! ["P5+#M/YM;DQFZ"(5? MW:AO>[STK_!=-/?\_\BA;VPD<[JS) SU,_\M['#133M2/=ZGC6;.>!?:#B#E M]GG8"[SYJ1P4"YXC\[X:6)=MQIN8D00C,WCJ]$!PWUAX!ND'%,>6(_HN;%OT MUS>U-W\[;G2ZQ\>MOWPH''69*6D-TZ;L=H[K)YW:G%-^ ZW+]:B@] N76N_6 M6MUZ.NWXR$O//7/-K4Z]>]QM+CGY&E:\^&QSK+'5Z)BD-&4ZX!+#P">O*47O MEEUAYZ392"?,C[KDK#-76F_4FIVU3+M8">3?Q#/\UQ?9R^?3(&^WVV RS@_Z MJ>/0Q6O@J;;K7/AG]LB-;6]I@FQWZ\W&R;%Q]HLG>!D<,S>PT:@=U^J=DX7A MN!&Q[?K"437P3_L@=Q**+7T1 S3VED7-4:M]7*NU#=3,GFMET,U$V%&]V6T! M ^N^!#PBLP>.LW%1]*7IJ-YHUT -3Z$9'_M%LQNM'_0!F>-X9=G1NF":0*MS MP#=^_M8%8YXZY@!N_ 2L$+C96DFCV6H>M]>/F2FAP^GB=3VPS=NQVAUK)"7M]JUCHGW4*]LG"F%4$V MAQH(IE.M=;(\9-F#]B)-V&0/!<,N/_-LSOF"B=FO>A%%B7"F,4]=;TDW$9J/ M54F_K0'PQ>571%:MUI@$M@G3BZ$WE?I50=^M=Y<"WF"AUW9X%5*>BZ.R)^G- MN:GO>@)LU5JM7FA>3)IQ=4".$^HD(&M;AG+E5MZDA=:KC6)C;XEU\A2G2?P0 MA.Z_IQ[7V23<;E'LLABX_$PO!RI'&KL#U(0K)#-!;=1J6X0UF?QS3LX_&Q945,$H*_8F+03,51)C:A+ZB]>,'6.F%4"U,CRM M'BS%@55*\+P4#\"V.IWCY6"]P;YQB9@[!I)3S7Y&[D??]?[Z)@X3\<;ZL,CP M!3TP%QU^$5JZ*=YS]22R)UY-M8"XS+X/3YIU.LYXWXF8"M=SK8Z0\[& M339 LE+4D*J]Z$9/C^>@8M6:"6YVXG5"NXPK<B37-YZ]\"VOYB369+_>J=EC M#3*I"WUXQ.=TX3=+=7O;P5?M3L MC.5A[B4*UFJE,_-9 _^8I#$!7<[OM5_5QJQVE:L)Z!T1*EX'(I8Q#0Z$$.JU M[DFCWCB>(YUCK02A6C1^$5$_=$=44LUW/MN1&UT- ' LR6#CMW>P[L\>3#WW M)/_P)5 MS1T\TZ275W?G5MTZLJYN?CV]O/A_IW<75Y?6Z>47Z\OY[=G-Q35^)E"NOEJ? M?]Q>7)[?WFX%TO^TAZ-/_U'OU+:#*)P@P3^NPGO;=_]-%$"0)%O;O"VCA"^N M!YYCG07AJ%JQ!C"R"+UGZP\_>/(M.[*^V+$=VD."!Q\*0L*;]2Y^$!:#WVTT M:I_D!6O]3?W3>^L)WG?]OGQ+., 5'!%:^*9G/T56,*"_*>$3/W"$W+)]AUX- M0A<68'L CCD*@>+Z^5>?K/\")B'P6:M^TCFN6KH(BO5?B2^L1J=BX5&NT)L2 M7JO_@)5C',N-(\O#5;W^UGJ]$LF@1PBG,\ MN?$#C_@;WTG'8=\92-2_F6BLX(IL*T[K0\+?@O )2+()E% @AQ26G3:E)32" M"X!8RU5ZPX^#%0!7*!.694P(D PPSA^ M""*1'9>HQ>[W@\2GZ_@$9RC"]]8(^'R(Z,8G"$\AP0@[[B4.@X*K?L0;$3"F MW !KC!9I\Q@&/3AM&?[H2#)))ZD:T+F 1NL>/^+,(T":&R01/ B(BRRLEZ-F MZLL-'25AE."KYH_XL@,;X04C1 C!$HRP @%*0Q2UL%@XE2X1M$GMLI%GU;H, M?)%#N"*%^O$G'" 8H?B38AMT9?P*C'@)>=##8D 6BKCP$1Z";QDEGC=M6(E@ M'!;7P0_CB3#FPYU5J\5:##"U;V,:2_40.:<\[H6G?>!Z>#8)D#YB;^#V)?W9 MJMH%4CPB^!1^[GN"3MF%9G)\4B-^7#@5YAS$\$0_!+(,Z2QH[E?$16%_@A#8 M+8$!LPGBA@D^9%N*7T2H=UG1R'/C:?3A993&;JS!PX-%(GEWQ"\B1=#MFW M;RD60V,@>(EO)V!1:(!,OGQ/,$?+):9P=YJ' "'%?- MT;/[?]R'@"'GJ!\ X_EH/3W ?F:UN1O15\S68+[1D64T:,]I>3C'H:I\P+A( M&ZHSZP*=2,M!8#DHH1Z!S@D6R4@R3 E/6TCG#5B*[5LZAD+,X=J#K^!(?&K"S0?XH4/>O6>,>: G=+(E@?0@)9>QS]FM8!5= M_O1@$Z' \'%")H.T>!#32$!A ,0?6K+.(BVX:/=C';Q8W+M]*Q@Q!T-E M:H)%G5$"T;;K/Z M>L,"FHL?HBI!=.'+Q:I1[%>, Q/*L :/X-X_$&(8 MI5*<#%!FP.#"?91(?K ?A591/0D&_$&S/A7)BU MA\LYZF,[ 3EG2 7SV+-@X-AQ(V0+KI](WH-6(2' E%EHLF#)-!K),RIWI9,- M/" L&#Y@C/=LCU3BZ$&(.#?G@_!8V\:%&K,8!SGU'R_N\1USHL/A(4/-CU.M M_#K 2KDB>C5^XH9U9-W^^/[]].:_K:NOUNW%KY<77R_.3B_OK-.SLZL?EW<7 ME[\2/-=7WR[.+LX/VU-,!(2'S"0A(N]O+BA#8%P^'[8#^2YO<[MH'[C#(MM; M*H2I_5WH122V!\Q"H&=+C&PV-L;L9\.7*/5O=*+<"Q_X$CJ,X7&BMRD&:,51(\V=6;^ZO\%RJ""P"E.2N)TFUE$C'5S&A9]&EQ2["!OD*"6'N0U9!3$)DZ *6/Z%G8H44> M/.L4J-2SFC6EA_&NJWH1?Y?? M[#&QBK2> 8#B*[DUHM->KXY 2%=8M2YB=).GFEU&/PM&KD]QB0<[)GT&=?(0 MD60[R"X82^]($XQB:<]*)A3B20I)?4J??9^2"4$RM!UA(LT'12F*T& DEZ U ML-VP:&O4@9!!FCM2X#"U+=*;I(XH^Q1Y]"#6,["SWD$/KBL)1.ZV&@@TN1ZY MQEFUF;7YW8.T1$XC0_N;ZJQ58F+>@YNUCQ]L-'%]('LPE)EU$+_HVQ$R6>)M MJ?)*+GG3BK3>GE2;UA#T531!E+_Z;;-:4U]6<-]'0OJ%*WJ[8VSV*4T'N>UY M'JG3N[SG J!)QJE2E7 VJ5:EHK<^4#1"NF;X3VX/4(G=LDQ!Y%1&^JY9O62)$; MG[-&K,^T(_+#F65D)#;JQMGLH)@?H M\"@DL:+.@0G(+JES7O"$;F?M]RJ,C0:QH.?YL -##K#P_[2#A[LN]T;YPNA= M.. KF(,+2*,IN1]4 [$AC"Q?G[ MJLPW @?+2@/\Z&G@ T$"$\O>/[K$00P$ N$EO1C1F\0T'IOFR!S@L8C"R 93 MI),'#%3844P1/1)E6A,:7TU6Q<^H7]-Y]T%2NK8N?W"6Q#G\-"2C C?T%+ [ M9/?889N6%\H 5)ZWI4W*BNF0=%$1H?P0.KF!U,UM4KTOB4M9#P ^J5L-14TDH]%?[T6<\ !H=Q?4\F M K%2.K2?+<=%KZ(5I9XMX*2&LJ^77;4,[Y>!#=2Z43DG849/U^%G?U'/3N2KGM8O P]XN))SZ>D@;'X M@)&CH(S:#"".4B]B^^<$1^5ALZ.OB-O?%6YUBW,K[7%^X!S)U!?)YX^F7>JO MN,6T&#N4^NE9X'#>SUAX^?8L$Z2 SU:W ;:A\8RQ%=^Y?5'JXOGB1A@$1%>( M,4Y^"APR&]TEJ4YDK^T:DU7)-DD.2G[SE/FDW2@37:7T\ 3(*D!_NE7XT%;@H1^Q8,#%=R M2QJ$]E \!2&;(_PD0F8L2C)I^$]D.7IOI+*%L1CS87.N@^0VBG*(2%"J&8B, MI$O/[0NIZ,,&/@6)YW#P2,;&R X%DPDM9J1G-*A&MDL_D-L1A9ZMB9LR%6V9 M#.=E/)/:2@3 _T #TP[9!*2S%FMKP]@U$N1YDT(MJHC84AD4B_Z#[_Z9"*E6 M#+&VJOMO83X=]#!QDVP2UQ\EQED=8G73W-.)/_;\QHE*?NFB1@;CUJIMU]\% M0KLCRX210HH*)1K#IF$U63"N@J>/>X2JF+:X#V0?C6QL:8K7_NCS"#T4\G,6 M[/HHMLX @E[H5JR_"^]1 ''; "O0_Y$$^,EUX@=<8NV73U:/C@BFVGGV*!(? M+?77FQ0@A"54$Y'OIF][:IUQ,$H?Q>@J/>ZHQ]5D[5\FH,<#EG#T(% _1)B. M?RG,"DQW9?IVT,O?,"70JG\-1?=V"_O).R2M&KFY ML#$%_%M:G!07"L.@)R_.D!%&NP_RQWZ%N]C- X%D5^8/0IP/&* MT0,>HB?8V*J*SELCU<"4WJD_@2Z24$_*;%2-;F!I9T1UD6W_0!(C\]5K5BLS MIAEH9<__1O4=E$0S\)Z:L11W1V-C(.@*"]D-O0"^R'AO4+/G5BSIQ;74+BXP M_3C=*[.)IEWV]?3V<\;VL[/Y_Y$:AMPA":4%:*"K8.DP$$!NZLF*L2X2Y*&PN>P JR/#J8>!$(J5X&-2+3G:2N;14; M.*4J:A!GWPY#BG,JQZ'V)/*&3(MZ9ER$S'TP$%!A_ZBK?81\/P=9D@X82)K0 M%%G_I'ZJ*.*+P.QY1F9!WX0JPR]_$,S/Q<.ET3A%8=*1Z!@$$FERX[#A R#A M".-@F#*0&*G&DS"4_<+AR> MBW$/$9K;S7;MJ%D[ZK0KXRE,@"#\?PY6P7=N2)8[N%.8*IYCN)'R, M;5OH>F?EC!.Z2,_NNV$_&2+/9<7;X?M\Q!%CXW!KI[,@_SNZQMEQ$6#8'".[ MUE<9<<_D],L$:95* C##J4#^RKI#GUP@<>C>\^58@$L&I(K,7G8'CRY'PB=,5XQ%>FDS=*,_ *?HTJ),#T:?M"3U);)AX @OFS%B MC/^OQ+G/Y]FH2*\"#($&A9L,&\28VL7L)C(-1/+^L<((E9W0N_"*3<(Y$C8N M,K:-%_CW1Q[?'MR<] MFRR0;P.9J9? G!(,,&>Y![X"1X\GQ27CI(A3JY5Y P?DWIQ>I#( MA0VG6\7=_9F+8:#2'PQ 7#.;A$U=3D4CAJYB[GJDC+M4^XQX:[)I%IBZVL-\ M=OJJ:G&I0!KIS\0.8Q$69=Y7BNZ/18(S #K5NEK6*1?;H9EN9+D7SO"=4N,B MG[1[CZC3$0!CZXW257Q3N6I=T&5[7T(BV; ;<9Y[E!4Q!(C!V<<)3HLW[3X2 M/S%=7M8V2U&I0A+2H4 K-K>/_.>4YI,GN]"1&,%J67*2#,-F-R3 \+93J9VT M*L>=FN6DFS3SCL0A,BK-SK]SIJ1U0_F1A\V]SX*(SPQR0J!8(P&_DG6W<<(L MIK#S+2)9#DVFG?+[!67,V,W.]0E1PW&RU*ZS;NDRFQPK6PB.=)-(ZC8\!HW' M09*8SH929M/W@*V@.GB1O3"H_))4(FY*.3=Y@8FOW^!%'LYM92!RY=I\J4X; M19'HNA-=&2";-W6+V+3&"MU9(6YEU-I2[N,=1R0K02^ H:DDPZ#0.4EM XLKX3T\G-IG2V4S^G$VG%S1G3TB27F%-3 MX_@3](#W5I[ A^P4AYPQ!S@(X&F:M#@'O:PKD&N/,Y8 MBKZ<)INF'W$>.V<(RR/%-V8L>7U>'3BN5JRK"?&.DJY$D%9RZI%A5UJ4=)16 MYNJ!Q3L@(P%]7VI61]!-0V 9O$IER:A88Q:Z*M>'"PT&SS\P&%SH@,*<= 4G M$\S.L6# 2=7\8.95CV-%.N\D9\W>7K S-2[,XL@RC=N\N\EV*E:^DB<"*QSR MFO)SXG+HC@/=2#"%&W+-[.((?70%"F&0 R@<*C4R"OI\:U->@@(QI4Z>4J79('5P 68N MX:$J-Z""Z254Y9JN[TH#7"K19OZ\P04XE5Z%CE6:HQ2VY!%6 1)6T:5@)V_M MH.CJT$'R8^W&NN';R]8-"^6RR89"2)$)Z&+2^(@,: *&/#;1@ZO=->AG)4V$ MN_.),.N6S?C.Y;UQ2W#S++/<(WL2<)RL$UI&UQX#[Q%=/6A$:[')F31@\>-8 M!(?L_: ;>?$P@J]H'U:7QY"]'FJW?D2Y0)T7A3'0<#KB*KF]F($HX)92X'I#X2 M2JV5ZB8*+4OZ[\$P%FK,@D"%ECD%QRJ3ATM>8QSHAL"R[H(1%EIE\82)YZA1 M5W6Q">RP@DB/GTV/$N?_YJ[\(TT2&-+_D])G&K#VM8E/%VR9WZ8S;$=-W5GI MJ%@EU?X^^DQ8/#-J'6R/7^XJRAA3XU4AJ()/7SK+=#0WDV(NC4==J \-A^-Z MMY)O7J2'-$\5EZ+*[$W*<<<,>A@V6]+>O/K###XTCJ_23J94%,2S26%\S(\LQ6I/J_ZKO1,*10I2CIPC^ MP5X9;IB_$W@9DKE'MG5$)5L*5'U\OFI=8P<@>0<&06[G_45\<<@D)OD5G_=K M^YGQ#^]?!OZ1;K9L4!#!ER$O;[LG^+ H\UW646- M;T5Q^5X#1:0"&:=>1=3<2+I2B7.UQH)5QCU!'%.B_8[&G.(=YI&RYSPK4"HJ M"H.%ZM2I]N^E/XL2',V;6\]\1417T'617W*^WQ#$[N=!"%6?4WSB2*54)2&1_)7[50F M* Z)_)%]!L45H*Q3HV*'UNHMSLI!HX5D7S 8,%J>J3"E6B>#D*XU-04,==HH M[$>94F@P>>X?6,*2PGD8]='9/>;H:*O 6.R7T]D4H7/"E8 M!$@3)M8E8M5.E7",R,WLJQL)V8"JKO.8K8,#LER5/)6U&]&*+;@F1[(X<>D; MY:TR6901^>'$$%R=GC3KK9BFJJI2W*P^RG0O(ON*82%ZLC?CH^UZ9)TK%T!E MZ<.A85455#4^./-%_+2',@Y727N!&,PJ"KQ$\2I@:@)]@50O0^?6R%2\-$A> M);K([Y\JA"?Y@EFY5H9TF#_K]P[SP&8Q1[$\(;,DC9U."(@F>*X6?21'PN3]@I9 M!]U^2$94H3F$FX8OU*1X"5P$.9\Q \D6>2*JNHHZ$MVO0*RIC@$ZIQM&1&?/C3 MTOY@!8QDBV,E(]D=#3(M2"(/ZX48PC-SQF0 TXA7Y^:7!<4GP:"O2*F"[;(0 MM$'(Z+^UQU@2G5BL2<@LCK)'/$P70A4HX=1,[#:1.T]IUH81=>.>J!*DBH%D M/N5Z[3+ZYGG%3+E"=RQT-?3<+N"A,W)&\$#+DU=TJ%/9SSH'R'9BZ:K1E&SD M0PR#"O'A96&ID2D# 96:A%W85-)61A&5WR EI9V*AD(AW,(?(>U(<-ZTDIB MKC$(,J^RG;IZL@US9G8RYV;0:*35[&/U15G31V[F;N)V7+<.H/-7JPD]P3C MWC "BEP>TKXN,/]30)249W7>;+-NUGZ5K35A'J,&SUA=)@;?+ P^L:V3RF K M6FMQM7#CUDU:8XQ-M&JNXKR)7&Y\+3L]\N/(*+UGW4F>?#5IZ@4^'!FOYEJ\ MS&Z[E+4>->,RKSH1?]<=?Y@#WP9#C392]R568*FOV<> C(<[\:EBS1F3-N P5>P0%4Y=]U?B,N_R&+NA>7;#Y&1 M&?DF9,(9[ISK,/"#Q%>]:_:-W]?7V5(=_SZ*0#7C=:H22_]E^PF<+8(I;11+ M:0.RKO[I[0^+&US63>=V8=*S]8ZS#[JU]ON/UAD8Y@".8D=9K=ZVU CC6CU! MTZ>W77F[Q,F]K&^EQ]1_![.C21/EKJ,@L.3-#_/*>:8U'5L%8V4?)J"LJQIX MIINJ=G&>US7&>R*-6LO"[):1G1QQW#4";9A<4EJ@86Q;KE@YZ'7-0!?[USB) MEE96U _QGNW 2(N1:/"U3-*54:0#R\ HB3L#^7;FUR'06-H,@E,J,4TF&5;X M3O\H2A?&H\)+7=<7L))R?AS=HDIFJ#LDZ!5O]MH\GMG5D",6.P M<<5YD,1P>$@AENX".":<$D7J\1=@&4/L U5OIU>$E6:0[0<7I0V"J9I\7I1F M+@W:6%]P9[>^D:RDM7]."V>(?L(*W^1?)NY/S?W2=OJX$9@E:;2UDZ$Q7F\T96XQ^@];&"Z/L/B-=;2MM]A6D4D;1GT1BMGVD M9)J<0H>^ DJJ(GY*3SN!]"GQ]0*]\WQWTE:[2LJAVAX=(8/-F4@/:8YRD;)% MS@,U64'J&TZ#>FP2<=X$-5 TA6F68,R\6PT4@Y 2*))<*,@CHF,O=-=$ XAE M+]U8]=8CG0>KONB&5!7S^AMS1M4!H[ 9]'RMG,<:0&.J#SJ711AQIL9E$(NT MV\:KZ0'=29-2&I^LV[NKL]_^?O7MR_G-K9G;=/Z/'Q=W_WV0)]VWD%6Z< M\T1E\H:-SDD@?8FO\07>M+M2!1/<91[4VUJU!DK@2,B<(XXM8@H]%FIZ5W_/ M0CA(0NM=Z[UTO>'@[UP % 1M2'?R)T$CG5WH./43DM*8'8L316,]GV3+8\,: MX^\!*8U:K5+C?]3;9#NU6_FO<9#VA(=SWV:;?Z[3[MI6[=EY6G-NQ*+:!4YP MP9Q@G TX MT-ND!,"^FD81#I/%B<=J2L=SB;86;I ?-;8:0'L6/D'!-S>! 3 MD'QW5;[AHF&CBVXI_)/.9N;PL4.0U0LGS9%\6\<#P]E2>CV\8GK+T_;0NK#&HTP'-1B=[" '2@+E%SB1>0]6W]24SL^0G3)/ M;B1+M$GYKSGO)/0!M#(+9T1WZ+F6VV/ 14;EA=@[/0*!,#Z*UKED#W"+"^TX M@MUQ:2:+.58!-%33Q*?+)*1>8;CW3PR$R5&$S)7B",Z?Z%Q2^6NVD=W*5%CA M3CELCCUG4DD-[*#,P9]EN7&L+V]QUJTK^;3LEBMIA3Q6U.^6@?B)Z< 8*9.Q ML-0*,B;1K%V1IHSAR91>O3+J<2H!9;*4;)H;G,*! )61S4P9+N/,6I1'ZD*] M(KG7P=3G\)N=\:(WQ]%W5N$KK,,EB@I\L6F#:1=@#J4VCU2@ZI5&K57I=(XG MJ2LJ?5,VI6>75I'*5<2(];%,$QW!,*$FQ0,#7NM=)(2%IHO5>G^0GN&,U'8+ M]Y8=,N/XRG>'IFUM'E>ZQR>+2D<@#*ZLE+U!\+8N%4IFP"P8'EPQL'X5@1?< MHP=SD+V^X&N73,820?WTOQ+0N*F[.?PJ?;BT<,M,5$97$E^2X/INNIQ=!AU% M*P*V[7G/1\$3QF'0A^E[AA 4UH;@L"W>1]J[/*9\1(K]^?%)IU.LR+4M1)E4WRAA(L?6V M407J117+Y"Y$9.2)%4XD\Q]5^PZ8]6V;M^0@4?]95JA47(2TU^QFF"=&\XE* MI]LP3<.2Z'1B>HB0>YEZEA2ZB^*CNKQY].L>S8 M4'J:)E&HH988CI5 Y0F,S&22J0V%8OSMUI4[*"OIN] M((Z#X;P-!OI4W'$5_05>, (L$3#J__5-0Z-/HH$7 XOR;""X>K4-Z*305G8? M9ZRB( @[=]< ?+E'[G+E?Z2%]#2_,.-@O=#ZD-FFET]K,JGB2=>V+0>RL?^D M886SV7T]Q4K?]V*SDY[_Q%*!T89GO:8FWB4!EP3\XDEO*/L:U9"-3GN&B2DV M9>)M=N)O[F##&'[WWY@I\WXCQ]4;[Z,S2Z\!!6FL=L!_G)V=GW_].DWED2I6 MZ^27M1S%S[(I)UC8IZ/0]:QF3>K!ID-I04PJM7 RR(LWE5OM8*U<0W2*=:RG M_1@8%JUV]]5A<#WD^'9)/&UN/YO53NV -G.GSU:K6JMO9B]6Q._36C&+R:"7 M(.E7K&,C)C< W$'=M<#:7Q\1&5ED>XBC$LO[,<)KPO+FE-\UH$@Y$DJ&6![5 M$LLEEG>((6Y#._P:A /AEOKAMDEH=T%ACB[/#,)N9X M3818[E2Y4^5.[21SWX:N:\2Z,BE?N\'I&]4&D@Q6;_'$VN@R-\LNQ\!VEG^\ MXIU:(KI5;M,VMNFXL_L\?@X%OK#XYRY0U"8MNCU;6(F:UXR:/=;O9,*Q)3C$ MP\W3L)(6]0WB!/Y2UUNS:*HWVY5MZ-1;W:F7(&S1E*?=V>H]519+)KU=#VO* MIM-"8-@^K63-:SZO)YU*J[5HPMPNG+>2,Y><^; X\S;49W49Q[+Y?DRNY(.Z M,WO/^:3C=V/WD."V3BXEQ]P1CKG?8:Y7^6JOJE?13%CQC!6O MM.I *,:4W[1_L0\[ =,1($.8^V&MA?$WAXVYBUO\D_NME]4MEJUN(1O6E^4M MRO(6+Q0.>W&)?$OE+3)LJGC6'1;[>[&S!U0>H*QO41+P7A-P6=^BK&]1UK=8 M@@?N^QW\=J/2;)^\.@P>:GV+1K73.J#-W.VS56TT-[,7*^+WVPA;W(RU0Y E M;YM;RN[>E\M@S6:E56_O(7KV!L' 2_Z.4&*YQ/+!Z(=E MS9_70X;E3I4[5>[43K+V[>BZ9=6?+5VI:'7;E>/C18/).\M!7O%.-:O=?;PN M>&C;U*H>[T&\:Z8"7];\V;^%E:AYS:C9:_U.W<,HR_Z4REYY5;K4%DL^O8LN M5H-+EU5_RLH&)7/OSBQOU MO2!*0G$'J__LP3-_^]__"Y?Q%_7BC?!L8';7=A@_WP'CB^P^%?(I>-7J \G MAQLQ^.N;KV$PQ$C34:U]5*O' ?]]?-2LO_G;G-!/6&Y*U:LKLW)Y=7=NM2WC M#%@WY]].[\Z_6->G-W?_;=W=G%[>GI[=75Q=WFX%PMF%8-9;D:??!P$-PF]D M/Y.3"2R8D$D#O@+:L.R(("FLN9.[??QD1];;1J6%S^#/^#D4 X]M(_A@YV?# MI^#+,('?/=?NN9X;N[ DO6'U3PH<@H)!QP2O_6I"(MU%HQ %2 0?L.? MOGT[ XLSH!7:%F#![[LCV) H/8[XVJ_PEX4O5(O.[@)',']ZSX+AT(V' G!Y MZCM8+P F$0"$>(T'N)LYP&=7W[]?W'T_O[R[M4XOO\#GR[N+RU_/+\\NS@_R M#.,$5%+L.]6JL+X).Q('7FGLCHJ+X:&E\P='-("_X9"/@LBE&[7('-PHUMPM M?@JLVQ@.)![ =3 KO,C*H)\8 M3"0LCSY93R($AA5% "B[B8SJ9\#/" CBKW <6_ CF$WW#Y++@5B7,.NJ:9F% M_0OXZSK+Z>WX)H]7D",U+TJQG.7=UXPQRPY=V!^P3K%&8='F#WECY1;N:IVX MM4Y??U]P)@PRAS-1)4AJ1ZU:M]%5IPH?@%)SN\3(&%*4QLJE+YZ GX)"^%7TPL0.GPD48*)-:Q"$H)M% M O5!&-,_>A8VG'01#HEM&Z.ULZ/ABR[PC\)7C:F(5U>M<[O_P#P"1@!>#=M# M0-@^S.,GL'30=E%5PQU\VZC6:NA6HGVL6A).MW$GXQ#)YMCS3G(2#,Z@F8TV6567+!/-F!AN[%#R1E E2+R=LE.2,H MPK!,%)A4?(+G_1S8(06?OR'V2 $%<18 BXRL!YM59SN!(4,P0MF, .@$PX"Z M-H'X;!H:&JY=Y:VOI0;GTMG#+W$\?;WZ3+J1]3MY6I'F[P)_=-96$JM60S\$9?]O&OQ;<]9VOE]2H M;ZQ>TJ+%;-9;Z^N7==/N-N+X1*-UHM9Z;0ERW2\W]TLPM:(+!CM-@=L)4C+E M22)#A$N6I=Q'XEP*VRPSGP0]?MD5)+?I&:0*SJ9&Z._];0.XP&4KK7)KA$?O\E&$:\6-@3TM7K4V>6FEG[ZS;;Y],TY?9*-W: M>E391JW>?6UVR8Y5^.ULKL)OI=':D)6YQQ(>2'Y%RM.K30+:-!$>3!9FH];8 M1Y.FI+U7P/4:9<7B@Z>\K7&]1DE[ATY[V^!Z8 :'PA[$8.GN'_T=4KFC9J6Q M5F?OUOGGGG&N\H;)H@[15J6U:0H^0)^FRA8=VL^P!@[O0^%((\R ;>57&OYI8M7'F#<6K7M^KN N2M?7@ZI-^AR2*>2R7BF M-I7R3H?KQP'2HT@Q:RO,TW M.PSY8H?KN[$+"R'REUG3>KLPOPUS_##I%P\)I^L)ZCB-C98RMUJZ%8;!3H#- MVB K^>QAOC>.$27]OH@BA"CPA:7/' 89//B!/K@^WT!YMIY"-X:S:?D!C$05 M7?#\QM8)MT9W[.<(;Y,@<)P>)WZ.7,["4\O :NT:EPN75K!7+N^0!AL$-S M#B+;DTVVWS;:M4I-GEZ$CO&3X@)DOUR*32#T C^),F_"\#T8&3$L,# (H R% MH)14VX(MB&T7OG%AM3&BX#X O#/' =CZ@=_W$H>@? MR<14W(; J+3Y1[JK2^-2CF,_& +?"X,A @]RQ(=-Q]H+02@O]_!*D%O*=$A, M:NS;T4/%HFLZ%8L21&&<'FX0HI@X6S"09$GH=MP(>)ZY 3U,A*Q:IT#&/ 4G MF@(B@81LQK(5/0!><>(HZ5%.)6!1[5DF5[U/=W?P_I-!_RH/E !19\:\%"#K M .&?V7D!:HE[(G/X"N\;("?7$!$JB'WS^[1#D;' S(@*%WC9*G3H!I7.4BW, MO1?W"1"?1(T2+B-0J/%RDKJZ1;"FF:SZ*QHZ%-%(HHS7HC#!8_*EK8BOF"%D M@)L^4CT<*@M_PG4!/\'CC8\@4<+:!]:[QE']0^.]-024/T2YZ0V,3H9$DB?# MH=%[D,G8D^Y>P&$8P@XPN[[B%&+_GF#*L.PO]B.0X0U@-X!O$)=$_LAAZ$8& M;.!TH6OQM3YDUG4+5%"2,G-P?R9H/K6*96^$QS=K5LK?S=3L:3R>$323R]?; MFLD3=3,>["(NKZC7UTGJ0[R3"8Q=R1SYA6)WZ525G"R8SB+Q@P.Z)BZ ;TKQ MVQE63$#,8,:K1_*3AFX^_" 0"[#9!.A]LC>0?[YD=X&9%S6O!\O>N]I[%"U;;<.BZ< M@ _=S$DRX\LSB.P=1X1C"H^Q(I5>2R3JDS=BC+?'7J"Y6:3#O%&$ZD\@)W!# MO, ""HF/NP^;JH:78CNCRU 1%P?)@&]NAW^(&&F@+]1X<6B3]HD#N<.A<%P@ M)5C<&!=VY/T8! ?5'"0'8SAY.1RO5N-P/3@8F7F,.^ @M4*^QBY^]D$3N1?( MVA0@#&2.X+([ BAS8X_OB2H:9*Y=P$%G*;.$,$&E(9AQ'^;E,6W*WPHX\8RA M73#@=P$W2IATN8Y#5I8@^9 @(%A.@6B#9\_V,P\5:8#7H#R[#HD;O"\VR7R7 MHLIB,06'1^].*J7>X51JCD;M$T- \!3MIGZR_NF]/&?T@N2+6+%!Z24YUL4F M!7"[IP=@T\!YGM!Z A,.5N(B9_YBQS#=T/HNAD'(C\M!53KA?.O&>;-C@4&) MTDL\ND$2P=0.EW$03B6[ GF#W$:1;;M %H9H@MZ2M!]R2A>\GK>W*"9*,EU MGB:^4W!C43%&:3U+UJMK6G )"E!!E"#/J@T(S[7':_DNPGNA5'*%I%/C%OQM MTJM8%WZ_"B8@T/VC[2#C"T>!(AR?T<";>#2VB=D%5M(J'?!5.)HR:N;B_;=O M9Y4\YW^P0Z&K?Q ,Z=BC)$3!8IBUZ6]#7+(CC1!?'H:Q)=//Z4M1$CZZC\I^ MI2%"M=/Z-P+"7,:[2. M8Y!UK?<;%P2[ZJW\P44 I'(8*0J1AR[E,WKR7:L;;UDFKTF@<5ZT?K.?"T0_^P.,>9RRW MGD!'%Z@2@P$>N4?VA%#U(TA^"BCHGZ; 'V-PR&5F"B0I7= /T'7SV/Z MA#R9&7Y(RI_GBH37\:P/&*HK.JD:F6D/4$N( NR[J>,/7C'X>C8-6VKL>L$1 MK#A^$J#B&\B5D8A4PSSUHH!!P&O:,IZ_(QM"_P\R@,0/0+ZUYP+0RL1Y!X[/Q% M13P9 6>):3$ 8F0JU&JS2B:3U;(Z2LLZA5T+ ._?@N1>""W;%5TS%7QEGSE M,$$^FW+%1J4 [0W80BP*%08>;=.MY@2IR.WQAJO3EB,$ @+/B@2.G6UF!;#V MF%HF'RV8;%PCXVB8OM'CCT""@I3S8V2$ M^J0C3-6]^*4@S!8VT(>Z:DW3B&6T:+;:2D 9.)R(KUDJ[ 3Q)'$X20VNF',O M+)Y@ZLIQO3NG>&*<*!%E;4<\*=U7_;)^\221FQ-/%>EW4Q.D>U5T-@[2&I]J M<8;"!JGB^JKHGX%I.&Q:;@9).)%'&D;/%#9:8,UESS4ZQP60@>3)9.U%,;'" M (@]M#P18[S)./.<:L&U#L4(G\P?^Z)@QEP,$JL="K"HM";*#B,V0/GD +BX M[@(X9(VD+D*V+E!72,^9"MEFXY5V M""S!B\J* MK5I_%]*+:(,J:7AZE?.37&4X)"Z%##M:&^Y_Z/:YSF2J2E5SA)K9-\/S#JLE M4Q+4QB/*QP&$NVRCRT"UH8@BTH,D-GS=% :&LX9\T#@5IB ;3?2Y6'"8J%-4.I4+P4V">Z01_%V.B35):QD0D, M7:SI6.Y\RN_22IR+E=/,%^,$XSP2?R;P]ODC#K$_=3=I_$LLL5FO96ILWO[X M?'O^CQ_GEW?6^>]8:?.5)WI=@-Z4W&-:R;BZ9QQE N9S07!SA':2<"9JG>0Y MX_K,Z+F2E$T>KZR> /P%Y)L.!M[9G.Z3RPZJ,L12.$KAWA@)PBVVY0U/DYS7(#.U,<&-6K!_5VRK#9+H* MSU)G7[$GD^ RX?F9:UF=%D._Q9P,.'M(UJ4#GFK+#3J'+?@#S%W, M5("7>)4LZO0>,G49769:IT.\;=0JK>,30\E3 MD3B#*'4D5N9DY ]NL>\E32^B2K$R)IH=N5H4E)]LZ>9"^JA[@'K#>A#,/I&F M#](@F<98Y&8T3BJM>D,IWG)/)R$_L]?*(9;;$$I_D(XS3(IPR/+(U08F?X=9 MJ>._^YX/BII"!M%CJH6A .<5RL!ZMF'*VV.F M;!D_?]NHMMN4"6&^2Z:$CNK_F034'DO&P#.1A&9M3K' ME6:MC>8-T%CS9 D:8VMH*3J3LY>$-C^A=2JM3GT),AN@,IQJTW.1E\G!")*% MR0OD@EUF1Q,V=V3J0N;!/J1I"Z>O"2N0N+2F:D9+@;/9GTQ@IE MX(H:?9GRT@QHI4Y>L^<(/*1N%O#WE,] C@B5I68[CVZ$#B=%ITR>9HKDA'DP M6A.QD&^J##>8L-Z0'U; 1AO=6J7;6",;U7EK<( #2@R&%8Q"0CR#S]NO[RAD!00?82UM/Y6K[>:MP=(U7+)[YW_OC@9HC88]6B@2"07(LI*S3<;ZY8/8ZKBRH M?+#I>\@=,KV0R-YVAT4]D:13PNB+--#>=8IL,%]ZL#'E%)VL=(XY(C)V!\C6 MQ*>2H#Q8BDP50!^Z"H%(2_J'[RJF2F7?:5=/AP!KW]8>A3#!05B XE4B9K>2 MB_((EGS[-LVTQ>?/5;9M6IR>:_E+=*0K=7U,4F0?B4P5HSM3Y(J3'O"9#:4* M$<52<2\P!(MBSZ$2T8/ #;0]"AF3>*1 M7#%RR"F(S*B-^)EN%% 0+]>NK"+]."@!D4W:+J)9>)%X0H>J#.+2&%\QZ[U[ M]-N'4YC:8UF90_Y=?K,S_<;DAA7T2\NM,<#+W&IUTL>K5EBU+LB+DZ8P9-2> M8.3ZG/>-D2*@A2'>A4,DV0ZR"\;2NVQ'$/9]2B8$R=!VA(DT M7^#-#5NG(9'>4; UZD#8'/R_8S:*2H0*UJ;-:AB:]@N12+U_!XOT4P/[,0CQ MT8-D$"3\>V"926)%G0--9I?4.2]XTK<*)Y'8"(Q'>IX/.S!DBIU/.WBXZW)O M^C)GD=Z% ZY+,B#'@+$\G8R/1Y\T/]9:3C&VP;*@(F6M::N2B)'WNE(5938C MZX%V!*X Y]27>A4L43RZQ$$,!%)1GAC1F\0TG@P3 M4DX3[(%MMER2=W75[49],U)K0F.KR7'LC/HUG7<7VM3SF9=YHQ3#"YA!\2T M9-Q03@UN[:6(SQ3REK.]&^T:_"\%;^9$JX*LR%[_&;D??=?[ZYLX3,0;ZT.Q M ^!J\,6-@$QL[](1+P.__S)R:M6;M7H*Z*3A7PC&3(RU.JUN8W$P9,/1&^YRN30* M&K5.HYG.GAEUF2EG+W3K*UD_IQL[M" MB!#ONP61B:/?Q#,5Z9D?GGJMT>UVVVO"T+KA68#SO("US&+%JX=B-B\^/NFV M#,ZR/ 3%I $77?(T* M-(A3#N=]2[O5&WWZPIF(GB5*U![9#R_9;UJ/9#,/M"= M6K-S;.@L+X1C5U@(?_*+<5M3[EK[K_96)N- M0W[+A/SB\NN;OY&)9!I)T^=:"60YA.X09%E%3'NXV.MUEAUR3.^8L(X6+*2Q MN_6N\LO0U^7(B*X8 M/RN<@^&0'86O4GT7P$7A%XR#<71[+4=S@PO8,=PMP4J 2.KM'<(=#"GI\K/P MQ:>[8YL#IKMG]2A07AG&(H^%Y<)B@*KP8DS@QIAE&IIAEI.!QY[C;-?C(^"S+P;&H-*[7ZXU69Q$XKL-@("AQ MUO:^XDVO%6"CVZFW.DW3 ,O.L0P,BV*B>]S-N/QGP4 A@8OA" ML@FIQ!K1S MOQIL=&HGK>-.+1=]&)MJ>8!>H%R0R_[,*!L#IT=ZYTDQ6\7ZZ\WN2;?>DO&! M*9.]!*A%R:/1.JG7VO/#I';E5\YTQ["&@RU+HCBD!-45\I)Z]SACFL^8<@40 M+HJ\DY/CYO( :E?#N;HGM *D37:NJ%F6 F-A_CO1KS()C-F*BXX[7.,]*J#0 M. [=7D+=T.X"C#MP"IU'5KDLN[ EJW@96+>'D4W8NJO'R'0U:"4[WZD=UUNM M[G**V*JA7X'M3)K@9[SR:++ZE3!K3%,T[B463K0\. MK/90UN2@\L$,A]A3\ M(OB_%_XU7^7\(AWGDGD!A[_"#.R"ZXY+HJ_=/:GGC-0E(%G?>A;%?ZM]W*RM M:CFDFXP/47R"^-6BE(-EU=83T)&.I8:T%!3K6<<*V$$!+)R'N6KJKG?KTXAA M?-950?I2DV"QW;HLSG595OITB86]"(ZU+68MU#=/SM0J,'O2!+-\*D7. \GZ MUK.P'5(#)K6JY4P@E87RV5ZP40L>QY6 M2B^.R?D4ED52$L=4F.P%?*<=KO1 MP13L%X*RQA5MBJ,;T*R8K=?K)ZW6\BA^(7.?>UTKX/!XQ=?+>2+IQ?4FLU.:Q6 7\MBU'1[":L+ "\^Z<)NRBX82,>&%WOJC"^'KX4P2?CX[X;*S2+MZ%H6VM2EH3DC MZR777^KM?/+ALG<#?.9UF%6%A2+LT)P,++2)SGMFWMN-MY(8@J M%GJ-%477>ZM@TA2K\?6J'&><99TW).:9Z,5.I"*Y^S4(C6845X-U6MXKA&)1 M1MMNMXVXQ,(@9%90')8]#:DV,%H4GY_31Z21<8K=J:ZHU6CT*Q;BC2Y\YNH; MWX M@[]P4DZW15;;IF&?DVC)1WZKJIVO(B=!.E06F7=5L*XB60-GNZ"JX%\2 M+%#)J):W*%-L;\?Q,>GF9">7"#+O(E:Z>J*41D-1"OS=5.N2]RF-&Y9%5RO' MG5SS7QV%]9N*R18QD)Z5MGFK=\J54K7NOU,G=]!UL$<.+C^:?_V-9MM,.-XY M"EA^;8U6J],R$P$77ANQE0QS+&BR-R_OV\'*Y9?84*^9Z:?W_>+R_.;TFW5S M\>O?U]I,;V=+2^IR[LQ-+*0Y2_+5LGS[D$\#5E?%KF32#X-UFK/UP5/4W:LN M;'W^])V5 W_2DQGXJ?AWOL\T._33 MAX_T;:^?I$U3[-AJUWXQ:Z\*)M? MJ &Q8"L7?%UV/X'A3: .LECOQ7A#AM/;,ZO9J1W5:Q63[G5S16ZUZ-E(#=0Q M 3RHQ[L?N]B/D8O$IYT@ M,IT5C+8$LFIME);OI\EY1%8;JM8IK1*&SU<.UOUF;( $JT(34&H@=68+>"O2 M=+-2.ZE7CIO=20T@%8(B(G*C);P4>WN\V2%9NA=WA:M+< M!Y1@&.\%FNE;:W0,'9/XLHM+Q& ;-TT9;&P[X7FJ8']>+G-CV2@S*'7LU:7& MN4B[/-G79A-?M-Y-F9\;>LJSYG3 9+A?"W57AWG4X:]D,*E:U1(VI8(FJ!=T MH]LR1;<7./G-@5U,EN]>:^XE\7+=R$>#0*V_ ,O!$\SZ<1ZQWN#>TA62Y]2M M)BO3)5.,+*$]]'V(3:%T$2Z685R U'R@LC=PU[38UWP%"PO*U5Z^.S M\?%19$-=E$UEL=NJG'2ZV8>X<1TFG' W.EOUGT$*>PJHY'ZD#8+ZAT;+)/:" M4:C'DL#@BR(YZFP@;#A&U)5$GV=3&D^X)DMY$I5'KP*AB=BLG]>/W![E?M\%0-^O0XDX*3R1]2?*J#0[PC"/Q M4W:RPLXTT5!XH"=88?!L>_%S5G6YO\FSY:!_")$/--\GI:K^RWLUFL*NH3ORHFW)G['=$2I12MLER>$. ML%V@[X-X#ZECF.J**A4.:M0RH ZERLC*[+;EYRPT]5%LG0'1]D*W8OU=>(\B M!@,40 #!>B3A>'*=^ $AK_WRR>JAT ^/T!"U1Y'X:*F_WJ0 (2RAFHABHWW; M4T>C%\1Q,$R?QF 6O>&H-SS ^]$#\1*<]?B7HO7'SGI&@.4 ]OR_OFEH5,DE M,^"P -"D_[#JU3:@C@YJ]NCWR;O^R9H \R"J!\GBNG4H%_NX1^9)GFTF)[V M#>&(^L.ZL'0@>,YV&MT(HNG/<*&S!(<2,'4/8MAW\& &X4?K/\[.SL^_?IUV MS.2Q[C1^60L2"T(T"Z)-\9W)\"U JK,'>\EBWRZYM,XO6:(FW78M$*:.^IW> MA')'=W5'5\28P-:/Q1+2_R68TG;P#532J#:0/['WKB9T0=_. N1DZ;E7JC5JETVB^%GY3;O9V-[N M:7T@UTK.XS+FX)F<-BLO#LS*ULVG+7].(G@CBLZ"8<_UR@X5-D0T*'J"M/9;. MF UCR'?25 \*B4K'IB,K^^CXJNGSA0'T)!49(1AS[0/4E5:K4VDUFPOF)5:L MD:WBXF]KU5JMGN85%&30THN4,V]&I#@)#8/6,E<24/# .?H9^*= P3<:K%-+ MWVG@:?0OG_._9!)/7;PTB#-PB'O@P@_YX%B+0A_5>G<.%/GBR7NV'!$!I5! M0$)Q9AG73L9AU;@D.&;B4P^:&\C$;05I1,^(J<-C^2O))_"1U/#L6]W3Y;)Z'VR0[I%E\GT24:4:-1N M5)KM^4?ES(@B_.%[,X_3)'15K5,=8,1< I6L- 4> H)/DIF0LB! F5QI6I8: M30[D4IU@7W#R*;%3DZ\95P=R_+ H/? @DPY.(\O&Z&+BZ>R/(0F:"HD2'<24 MI"4#F?#&""MXHX,X"4<@VV1HLR?U'B1(I?C ,8N?A/"S-PJ \O6F4R2T1X^$ M@GBES6!A*#HCR_21"T7?'KE@YKG_MM/-3T=T\(@Z4A12*4;B$YS8$M+T)CA3 M'Q=&4D0>EB%UX4+4&>^YXYGI7T]O/UNGZ2.W2-=VZ,!Q"QP7A VOPLS9.+T] MR^1LW$HR[X*"6*\=M=N9I$TS,^N[W$%0^Q^F8OU1R&QV3"2(!,@>D@>JPAQ\ M=<_Y4^,YZ"I)'D;TTFJ">G_H?+MPOC KUE-#4D(C2@O.K1]@1FQZ/V=F^-RR M!['R%I13ODY&688 RI2H/=0[B@^15=Q.$S112 M)*F3VWT@]S23$]\N2/+0]"4WCCDD/6F0& M*G7S<6"8(-5D0*^*:05\DJ5,K%<:M5:ETSE.U8;QM& F,N#BF%A"R@?F7V;: MTQI/Y]8Y"EVT,H("65L(JN2,TOY1%@H;#,Q9\=X.LK5V[:A9.VJ8"JZRI"W# ME#8SY75ZJCO03"0UAUS.L)$,!J8>(J"8%E[12N10V&B5G7LA>#D.3\#A["M#[^^%XG92EI&L8/B?PU%'@LX&<&&1TBF0TB$+0$+$QVGK00O#_W MME4]-E+)L_CX,PEDNJ?#X63*/Q\C<0)!G;FA$I) 8F_;0,KURDFSG6;C3URR MN=KLOA*#YT5C>;TABQB#"\A#HEB)2H#-@%FS(G(!F#V(/4",>A93!)G@CKDS& M6I<=P9K0:X:PL&C$0RNA4;=KLMB;%R!02I(XPTU@]"?;I6%Q%B-EU "00 $] M'Q@!IB8";E _0"DLQ;\!#:TYI*ZJ\LZGL5$&41#8!E93?<3(MJ6,TP/4#"].KD;O8G,)*=TDH5S7O%4(B.T@UHL#D M49:&,GT41^+4>+T=60XH?F()1FDUI)Q:'X$L&:1*R CH\2>=:V!?;SN5.B?3 M(BSW0> \N9Y7M2[5;2L)H?K%O)&*%Y.(N%@) "*$\4$))3]ANL"&8NSMRDFW568%%6/G5ZE"E>0S 4&=2NVD53GNU':?@I9E01O=M4WN M^YK VNL#_ZU "S8T(1M=@ZAH4X>N-)6E_LGJ@R+MQH1K=>'YI%-IUUJ+:DME M8NLB&_:N66FWZI5N9]'$^#7 ,GFG]UB+NARS,W>#GLO$RWYE@M?N2$%';P@XGH96K%"-TLV M[0 3C*A4@@Z\]&4C@&SP1?O_7 YL8E0+IP5^0_&<0_65FP(8S@H-O/J8=8)[QPB1RT1X4< C>#AJ$<%MM"WVZ(J0L< M);!DK4[I6L5FC!0Q'0LD%^8\R!"M< YQBW$"KIK+&ME7NX\:W3,6/45]CH!Z MY=7UX/_JC5$\_SFP%2')9%9[8G4XW8!H4BU83%VZ"9#^'@!B_JW9_91^)\O; MT7G3042*XV%0)? >J4QL8/MI,@2>CY_N,!FB"S;D,$3?1D=O_"PK4[95"11< M6@&0,+8OG@ BBI2B2_PTN0>,Z)OUG%G)\1)XDB-@& N381V.BR6^ASR! GI% ML[B1Q1Q%Y:1A:4Y87/R@,@IH91J_,F5(%I@SLBG2_+&OF9U)I^I1J2U7-F&A MLFU6:*2 7(=8L>4&OWE'K&Y ?$Z"40#\>VOD)9'5!)7EE[%]/Q\,N!8A08&C M9JL#A<@'KT"V'-G.(R:Q1?/.6D&N2]4>QY:@)^5E,'B_$,X(C*(=0'9IN\@A MR?^7,DC. >3:S3@D2D+?IA(KVL*KX%8@H\5WHTKZ#*AI0U<'LB?E.+/Q2,%F MJJ<"_W9$#R@!!4G%ND]LS-L%5<$HIE0!$@&B8S]E!0C]#Z81^)N*'G#V-8<9 M.6/)C($91;'23#I']#T,2,.FT'".2QD/3E2U/JOS$Q51F'E5@#*3/(H-4P2: M0DM8=B2P!V*"0I\X B5%R$ M^ZCKNKD^[$L5WQX.[]4JSE:^4 ME#8.F.^24/YJT;D=8EE-;&)&+09>S6VBX\QMHLOS.^O;U>VM=7U^8YU=??]^ M=6G=_OWTYOSU"OHI^!'2FA@K,>F.51XO2#[&]+I&)UL36Y&1!71D$2$9(@!8 MBQVY_73.=#(X/4G,_(,XD:H^1X^FR4U2Y373"#G=OZ*"VD]DFN*901L&M&0_ MP08<5(A?WW?(IB$:$M5)[356R/.)#9CY22"(GU2K4C- M:LS"YMJS:2D0V\"3QW-H+GO8X!G9D")"WC M+;.<]H0P=R4:N+LC;!TUFPH*J=)OK?6D3-V:MRP7/"*[7V^LO;'$+GE%]M5A ML-R.5RXOY>U[>2?]50O)EZ"IU6U7CH_K>XB??<'PT>YKM-O(X#!KA^2ZAFR< M& \I-:E;[V)YE#T\\(>T2\>5;NNXTF@?[S[S*"LCSI7SM>)9-E6@L]UL5UJU M1:]U["R[>,5[U:W4CKN5X_J6T^N*G?;3ZA+.C ?F X=?W&@41+;W*_"A472A MHN08PAST@ Z00\#EB['_>N-3'LX-1JE]0R"?A(1 M!)@O\2CKZ'!S'-T:'!3DOHN]]H8"[W&;'6\TH(=(!W>4T#BTN3^G/;E\3C#@ M GF8U\']"M.<12Z!(7,354I006Q""IEAZ98AWT,/18Y'>DM#:PQ)S,C**.,.>^"Z6>OFG>]!&&-2JMY@C=5=U_X M;2-$<2'3N5W\NJ2CJ7U\ZO7*<:.Q^W2T'<[$15_ZF5I&)35-NB?YX68]^\:92HXTG8):E7K[%2M)KS9O M9[<-^VTZ=*PI'O&-\X&RE,K"(JW=[8+A5A8XVY412I[T$GHV0F2EIWG_SNJ+ MQ)%RVLGR=:J80#_$'B!F''='Z&*3$F=3;L!:O56I'9=MF"=5FYNCO.*ND.?. M&4_U2JU[4FF?E!Z=0O1\<;'V2R_A[B5,8R4M37(-D;3IS=E!F[APA M-9J5[DGIT=F5$5Z+ KUUZZETZ^RW6Z?3.*ZT.QN.HQY.A=SI+#93=XESQ[FI M%/I+N5JBZODXI;2N3$IW?2,>A9\LK-&7B9BK3,2L M-*G)U:+B><>;7!7*R;7<^(^H3R7*M-(RG:P#MNKP3VM%G4->G[7S:TBU/,-@ MX)8Y3Y.0=-(ZJ71J>]!!;2LM^%B7QAN#OB,+V]D)9GB:7'[F#XS[= F>D3 M[R3O']_9I.J_(<8%2#ZNKTX5VQCC6EU)CI=6VLA7[O@*E/P[=H/Z+FQ\$*GZ M.O#<_C/_>W]*=,S1Z0<7:_VN>E]]U.[Q>+U=NAPU82SP'$'Z%'%./D[L]+"[9E1-^$]]0CH-K(] HRM,"B/ M4XU2LHW,^@NY*7!( M';E15<%LB0B/+K;^P,KYLF< -:OAOBHXIS%8'%@]@:TZ/'=RSP0[Q>@(YNR[ M(TRRNA<^=E#!=BG]OA@9E2]^^%3VXC:FTA- N:=#V-&^S:V10KQT@MT%J$A& M1*2=0D0P# T,5W)+&H3V4#P%X1^T%'X2(3,613=;?@)1.!$5:>&]L>Q>D,3< MX$-$$S=6P<%GR94,]&/T^H%AXR?L' > _X$=.FU4P]P1M2JR8PE$ M9MX%#+(B+@:MV#C[[D)&'8HHSW1[<3F2[!:R#R=L<^;W=O&HGN[ MA?WD'3KBYFIR60<5 MK)B=N:<4/0.>0D6R -S5%M-H'0CP84B?LZV?.3>JD_8"M6C@XG9.TCULK,S M3 W()\LV+5]9;."4JJA!G+JYN"I@R"=?;PA!DI9NA+\HP869?[:.(Q)'WXX> M*E@%D@P?&?XQPD/9TAW9.R#\4R7M"BJS^"OJ%A/!DC\(YN?BX=(.G(K" 5# M6D%*(&F'4:*]95'*6#(#T 11Z_N3UT>=?>A7937X7* M;7@U^!;X]]_0RCPEQ+U"+U^Z;D2T!^L]\LBLMM.:"J6'#\1(*!Y=\105H A! M(5T[1>73@_"!70+-/Y*C#H\HM: G/;WOAOUDB#R;%7?.M&2.&H\S!Z44*59@<)BDIB/=8 *Z22WB.B2#EK_)F+R?;I M'IB N*8+DCTHCCL8@'J%K$\Y:O1(&1FK&0UO3=8WA[FGO2#X@[^J6E_2!J9_ M)G:(O:$G),2.N28CP6ZC3K6NEG4ZY)=QIAOT'2HHC![0\-.U9U/+4UGH.=-V MM"?N$75:;A(C-C4'9HF M,5Y4L@O[S^LHH=EE=E;J*)0&'SN@]TASD MJ [&+&[/K.-Z-Q,$,I&?4;FX55AF;U)N.!8(@F$S-@>=8X)*NZNE=&<#4 MK"">I@'E-LZ<&"F&(R]X%LQF'1BI'Z/= L8R.:BTPQZ&!*Y"XI"C4,!9G]!. M(MDU4#:6H>I9*-^,'M/TIYX.AM"SN9'")?G_X7'L5,_"3 &2GY\8+ )@O<,Z MZF1?@ZGSG-;??T2)@@$HFOU]5>T/F)11D+KYS;C :G CW?T2O S)W&-CN".Z M)&'&YP;I2NX">#PS65_&8Y_M;)!/BY;8LKA+D0H?]FA__555=_,E4B+UH"2; MB[M=CRUU5U575]>[EH+^Y^"0Q61MMA(TN>CD!1S]Q11;QXF3?A'; M5%!36"WPD'GF!45A\"8F[Q2!H]X*./3$JR;?M&R01CY8EA]33\MZ@M;EU^ : M*8\+&N"!94?6VLJ&Q(ML,N.F>(4#G/F3T'92,D+A(L8!8'?^"?<"^#'W/=OB M+5+/V>^/5[__=&M1^/0!/6-OT:J1^&D"P?=MQ&#>.LEJ- A <4M,WVAEABG0 MS(9 CJ,('= A7S :*HE)WT?%$ELXQH/O%\)%P5"PDO5OII6^*!D5_6]JK>0( MD D!R'QIX(LU:#WA8 I(1112+_D]>(F>08&_2=6AR8C'%.&3\(L)).Z87+8X M*,-[$:\ JK260\+]62SI3@40@9_"$Q8(%Y3* .^"NU "GFD+U.-1L,6YMXQP M;"'P(E9-54C"@$E\G8"GE2=L88%@P%BN,*FD[\>G&1TH862-G%0EXHP$\UVF M#/R!UBE3Y[.4,E8E"RA**0?J,V])#Z MR6&Q2FH0/6G'"?*Q!6+!6;:(J[(.#+2E_<0YKLRQ*=Y+,!Y2/,^+VKC6E!3('S*3,4 MS;B6=->BE2MO!!"5"9RR>R(ZE!]*V9S)QPVE9AHY(A]^6?@KQ **ADJ-]%VX MSB@?9?HH[DK&._R2W@%2YYSHGW-Q(A.;6?/WFX2I^ /U&N LR1_ ZE&2:R0S MT^X&=9SBA%KDS1$GC>8^:< !^S>>,?$ /<846S^G?+L:3G_4'XQ^UA*@[.6G M)WE?Q7&-^=(5"FNQ[IJ4K/_X<'^?*M)9<*]M*&<#*?23S^Q1- M_3V%]!/".!''3T3P+[7/#&,#?LJ$4?J>+VMF &90.TG2DE=[(MY9$8S-A&)% MXD(DC!4M(A]%[>_PZ>2X[S>1O3U:?*N6'EZ]>4WU/79)=C6*CS0A$=Q:R3=+:EKYBI',?J XG# @R*00YH?K4!K(W/7B*SUVQ4FB)H;Z M5"J_,'+HY:>_178H_,U)PX)O!KKVXB,=!A( M1@Y\\D(G=+DH X0E]L_;'58(9B[ YHN8I/J,A@(MD2U!$% UD<.>171*:)@B M8 5 4.J$LMH\R_\WT!3]WTZ@)*I*+H]:>,Y=D]N76O)J)=;_5V@^QW$<(7=E MZ#?I(4"%6PQW<^)3S"2)$@^(^*SE*(J0,R\ZA=STB?)VX4J:N .$X4_LV[G9 MCV52P0DW+6#?^#M/F4A%9%59! 56DR1"4!:)#"L5%K9\&0^@++'N2L0U42B$ M:TJR/]&::T(<8J5TA"-53.:W5"@15HXRJ)QGZ90E<98LW5B*&@V&:;PN7!E[ M$MI"!S;YE%,21A)?F:R];AD%2.3=2V82 D&B=6'!HOHDI6I%FKO4T/$K: ;# M%IR,;!33'.U@!@]UG!ONJ^3P.,:7K;51649^A.IX(L2QQE&N$I0(AQC0L%$_)PS&V+4T:*R'K'-\RV_LVQ-P'& MI/'YB?P(R=7E69 ?*'JC1.SD788QDK=6>#?\E3L994*(VQ2EA6""9/I:_JX2 M\!(75+MW1WG"0?/F,>9?'A3L M(Q)C8F$1X M71=J78J5.,K^2&<%J ]IZ4888*U20@#PBP_48/BL4UU UBE&>8^A1;]1+M>D MB$J$+T5V$V(7;9K.NEB7%BS_)E-U9>H^L7TKH<#8(HC'7IAEDW['\38!:*VM M+T<$*UV),8_I(=1&_HW-93"YI44=RA+"RG?M4,DJ$&H<'=I4,!\EB,FRBCC3 MXY+X(GM^R L(FI0+F.3\_.RA>:'BDD(^1]][GQ"$F: M?%*P%L2?N7 /TNDV8@D;]6J,T<>W" 6^Y' 5G*"-:/6>CCP[H6P>P6)8! F.-; %CT:7BSH938B982=Z<4+0PK&*43R>^;D"*S'K((>C"%Q1 MC!,QK$0LF69D9*]-S(3R=2Q4P:$TED)0C: M!#5SGFJD9]0^+7J.+MH]H!%:P5U-2);.#8X5QX^$1^EHA#!][2U&>FJ8 7 Q\ESH-Y(T:\,WC0W]&UL M&)!X/%-W3$;A$TD7F?W!?D8F+8(A\T/+FY5WJ^.T7.@>\[232!;%D-J\812(Z<6%H0&ID MRD! I2844TAL:V[)<'54H^&"2+LD$)"?I]P4B3".*;2AA/44*8GIH2DDG/QP MC&X+$:U(G1E^\N;A,;'BJG!LQ:WP9%C/DR622\X\0&4JL\^7L8*:7R)9X-E8 M*8/$@I;0YG?3*SABTT*-Z84_8DM NC3-XHSFN@$031#0;6[Z2?FH5_'O^<> ME:_4Y#LYCU99S2R6K3WX^.4Q_K ZE&4<,<8)=!A^DW3NUT+G2H&T4QOX<"W: MH/I4I8L.LA=FHYW<3 H_(<3> &GV=$DV=I27#U^_>Y@Y2J*:W5UL,_.QYG%1 M6RQ6W[2G-DCH;J]J[_?3IV!S'&_\O10"X)5Y6*+?#-HJG.8V[+4&@T/.@#[= M%>JA\,7I:[3'&/]R[3H$()K5"T_%(DF]K9T9-QM'=>Q1#SL.C6'+&.IG>.'? MTRD-6L/NH-7NO8VIL <@T!-VP3D-05%NEON>=ZF'#8U6K]-K=?716Q$7;_BL MABU],&P-C%Z](F-_8[;V'Q(H#CH\1&&T&]7H1[9O5#7S5X[Y)4[@NL*&Z=Q\ M0ES?0K;FDTP"6X3>9";Z,6$))O5]EB&C9&#\E5'?)7>BLIQ4FEM4\)!M#R[H M%3B,E4F,OUG:O MU^KU>E7G-;Z# >[#VGQ(G99. ]RK/NHG/L#]$+-61")'7 =]7AI031ZD7FLT M/(,9VT>:TRYK1!KV*2!0U)W[]#EH6Q'T9MVBIQV"/,Z%_Y*C!2KKBIUY M&OQAB+;ML)":UQ+,:'#FH1\ZWVD)C8,W##P M3IL^4)D5JB&U;GL-W\*FWZ%,4ZAMXR_6M&8*?_\GUHC]4,MUK<\W)%6L[H&" M91_D^%T6:%=@%-M:1Y=Z\/<^Y]I7]!)5]OR-67\_46/?\7* U[B MG%1S4N_UI,Y8UTW$NE:[ZQU=TK_AFN#M8F G*S_> M\$EM$=UJCND8QS3HG[Z,+Z' 'V@0W"FL# M1C0?^+Z.^JUN]QQ[K#:2N9',[TLR'T-]5L4X&A/U,=J465X\15K5S#Z+?-+5 MVM@S9+BCLTLC,4]$8IYWF.L-W(0 MBSXZ=;96>"LE_5M':'>Y[9_O/FBWL*SV#WK=X/W2GERGOHL?%>=V*A3G'H . M]V)"+#[VDI,+:5"?R:G:@_8/5&*FZY>ZCD;G?_7PIXJG?O+U5VVCMOJKJFUY M#EL[^+=#\^XQE'+B48.XU="W8-?STBUVH=2>7,XGS8''<=@)SI-,N(W,?#], MN*<)!2?-A$<1@X:0@]B<*UPT[%<4?-O3S:R-_W8W\2H89,7=\SY:_L+UF?TK M,/K"OU%M4N'7:,-93LC-.S 2R%;TQ6SI1QQAC?/:95;AXXSSX,HQK\#XPH\Q M&[]MNW[H:1,?*3UIO. 3#K1ET>"HK-#)I%WY.C,QJ/,WG=U=W>HZ4TTZ.L111 M1C:9>"%/11M/A2_J?''J<@/J1K>E#VH>T'<^XNEKB3&KI\*>)V<\&2U].&KU M1HU')Y<\'RT_\*QQB)JWXK&&EXI<@[K>T@^:N7C6B@)]=.NI<>NOV:XZC9_%W[Z*..CY,2BLFQ(EE5#9H6 M*:#D+X4+%ZQO@]"P":\[GK+;6%YYKA)-#&H0]5#B-ZFW1W];F]3;.M_U R=A/O 7[H25-?HF$7.?B9BM M3K_3TGM5G^<3'U=8I7WK+N2[=OT WR-\TQK+M%@'[!KP_]U#-MH^:VOG5\\% M+0?4GJG5Y#P5EK!V1ZV^WCU]'CI.BUG2I;$"#KO*DM/,<9T+-_H]=C5T?%CF M>TN5$6H6J.F6A^EVVF0&BB[IUOV6/NJV!GV]ZG3M]\.*WP]:>MO8XMD\ "S% MIW1TD=AX[-Z-_/GB*C.]R%5WAG*G3M6_)L$%1!X8^U/%:A-#'"2WKW[NV-5F*_WX+Q?FX02B,?72]:#'>6AIQ@BX\'IR5 M_;?&OLF4O4@7OO4?+O"DS]PXVO\R)V3>DF 2+EETBGZ^>OR@6;Z/R457C[]K M@B.,**NCK?_\07E2K]WYV'*41'YR%]9$&^J]'W[2KFT&T"Y5Z]2/?&HYQ-,H MFYFF5H@6-7YNX4LSF1$T$_HV1FO(39OY^CKCI+T&'G-\-A&0^C,WM%<;N1:0;*@X/C[42(Z4^'I$\3''I"WD5RZ> M-.;#+_X*+=^2;FM/,Z40(1\VDWG(7H0Q]R\U],'[ >CES#,URPG(NRW;43#- MGWB<.[2\R0/NS8%R@@Q.U*,"]_2P\X3'0:L/DA1%=3])?);ZZQQX3!/O+F]I M]#=$D'9&[ZIF3MZ-L3Y$]MQ@ W(#%#V W MU',F 2RM3<, G@2B%#JE63IVXJMG11""6"W)9^)8Y>$GJ"W(G^"UU2?U] 7I M7K>7M3_Q*Z/X3Q(13T@R&]PO*32!W,#M<(WAY_%2R%/ZM.D2Q3U.]R\^>5S; MAH.6ITI1*74\R>D!A?P@(G$8F\OA 2U2T8%,_M$7!1:S@ MM[0)\V?:%!OC2,FH-*'+/$6LJA94W"7I,QW#K1!L#]@WU+YG2UKIL^M%KI$O MG,$=J;,7[L'['DD&E#)=LQ%#S+B3?.2 F%"LYHN/P96@3_ETW$=L9?0&PZ8[ MAMGTPP2A@(NK6GLGWTOVQ.)U_=KB=>U6NW*%U(G'Z@[#\GMJ>/EF79AU,^&[ MB>6U]?8YMJ%M>.\-2+WV.0[1:CCO;4B]0V;XGNX*#>\=6>J!&>QQ(?]M M/5QEKWO4E076?MME;FP=W:6K:V-6SQ\E?^Y'[ M$\\2KO$&,*?*GYN_W,2^G"<__PT7]@N;1TM=DLQ'_6!6^^3^>(OW_V"CD\*+S);PX"9JCJ)EL!8$U6UO+HBO(3E+.CY!/BN%IYE:QV= M0CS#E@@_LA#V J0GFL<=_HK1/,I@"2<8 L. E>MP6HHV1,^J3;$Q"M>1NWR\ MU%X]*PBX@SYW:T(3WM'3&F@C73/9$O,[+9=J5A!8_FUA"<>Y A\7NP3:_EA( MW!VHWTE0OUN!^A_9BV4^\$G@5B>_HEDM1.Y4(?(!:-R_:/<5C>'G054:WS( M[]5WG3=#9ER&6Q2/6S O6&[%VR'_B,&U&J0*B@-_Z/!N2X#S0:H-:G<^ ME^,U*P _* >\>G(S3VGJW54O+C#7M>RAFX.7"C^N90,P#>-GOMJ>6T)\XSR] MNG_2RUHGT/&VV\.-1:Y'@3S:>&O8/[NA=PS0HWVWAQR>G:- KO;=$O+8M[ M MX)VV7AWP>-LMX=X66J/;W0+< IDM)UZM@46)Z\]W'W#H+3U;\/TGUWE@#HA6 MAU>0S?JJ;)80' H^$$95X!O4#A^*G"H0CNJ&$"5+!0 -?1. D;'+7X!UG0G' M DW?*)GE$^EA[M)FSB,'M96TVHP2L?8*=4?==GN0,+O3D&P'**@W P4H_#Q4 M@'YQPV?.MP.TW38&QK \H*@JS5S;Y)[_Z:_0"I98ONV!ZH-_>%S85E ZEPH- MD.^-'T06*+" ]GWW!VW,?#!H$O!LWG UKSX0:?I4C5(2FG4TNABU!X/!T$@F MK26VJ+Q_/[%_O\S^1J?;[AJ]?>V?Q_-*(T8_%_>O[ST^Y: ;FOFZ,<'XS;=^ M:'WSTNY+AGEGGC7+.%%3#[") \\("!R#0_,0^S M]OP25[HBN]YCAC$**"GSY< M.:;DK,*%2V!FZ"-=&+M; I_%_5?7-5\MV[Z)*M'V)3/Z^J@[Z"<@S=\J]:3> M4!XRD.HN#"AA&0[\<<8\[LWXO.<&0,MD,W>KKQ^-$M8F+: M.H?/DG+B>:CS4?7<,OZ(-"3(=75'KD _P4E?0ZH R=0U M+-0KVSVE5^Z?,B G[@NHT[G$QZX4Z"N\S_1T>#-JDM/NB"*;VY6"4 M.*^";?8 3FU4%L9O68Q(>$O3^ %#S_Z& -:!'II?J (EB@A%8[G5FE1@AZO& M4:V6]I6_,)-IOX+IIWE2"=98I)=K7Q\?1)"?E@--Y&\B\.7Q9ZPS#%QM BH@ M? WK(JVY*)'LK/F8Z)8B/AS%!HNHET?B]4K:P1_Q-1X=(XU-@496#QJ?D)2S M*\>QT(QGWO)N^C3CU[;K8]$]Z!7U8:WND3IDT8CN1#2PMIXQ==)0'@&'/9_< M*LJ]:B@+=] M#V:NF7AQ7AV ;F8M"O@XEMSP/G9*<=(H 5+I3;/0"IO4!]DA M1;80\=)4Y6:Q=[+=5F>&$*<-ZTWF]*K-4U;=Z>)I)#V#&Q$HB;&P%$\176.H M;T170I^K[:XJ9FEFVSLN:S4%736. %>XBM?-FG7L=W-GWI=\W1AT5(-RT=Y8I5>N31.^4 M!SYQGQWK/]R\,;&3R=3"-$GR0?E7LEL'O*F)+O;PMW .%J/(NQ"?W#JHK/<[ M>I+-#@9A.N=IC[LHI^BV)(B\K >#[)!J:$6?%([N2E12VTK;SN:[=)013KJL4>J[)Q MK**WWHC#'P7;[1&DLF'@0F ORP(;!Q*3U/YB 8>8Q$CB#]PIU(_+DS"C_Y;8 M,@OEC3/Q, GK(Q?_>^-V#%T:&2M\XZ;[@G*8@'*84M;#L<__ M"N$>?WI9=4MLRJ>^GEE\^BMW;??9\LOX(0:]<\+_;CH%OO9\D&:"%)R7R1+H M]@<=O7D;7^231&?7/S5 M?A,<1OUN-^M9!/^%C*/XEG)%A*0EW_ M\WY&--P-F<.:,9F=Z8\8L8IB;#5#O^KZP@H1++)C>/#B9 $WF]*=#9,70? )T2D MDB[Y86\PZ!Z'2+O9R<4;/O")*&BR_L/VZL#J=*A,K2ZX:V F$K(GZ; IAOF4 MW4S%4"F\YP-R0DO[#E#D F7>[>1L!.IQ" IQK M["JC*H-?'W.>GH%X$#03NL&1<#PP!^V@1YP ])55BHTRL#Z :R-1=17C!$[V M &_>\:1(=9].:4L$'5#MVW8GZX$Z%3QJ8I&NT%6FVWC![-Z^ET]X<#<"WBUX;R^#50! MSD-],!PD6T&=%\[K=YD29'4+S?2Y-'C"J79I/Z>913W)G!!\/NH-T;'/A0/\HIY[]Z M;KBX44.XX;>(KN6$W+Q3F(V:U;;E/MV^H2>0VQF.'1"3 MPXI]K!/"G/LO+B,'$(>U,8-R^UJV=KCM\.EO=O0@TD_4IB0+%70<$ MZ$97'_1V$B\EP$M9NA6V(,FUQ_K0X:@WZDO[=V%YO_ ?>Z]@ ;O>F(0 M@^IZ7" IRU=8/KVZ3S,W]!FV:L8_,BM+%&^GPP<4,/ MBX9#.\CSY>P/%1$YBF9BXG02C]G2?K&RU7IVZMNV^PH/[TZ&ARKLCHS7H#$_[$)H3/=43 MW9-@>IU9 =_B]=^%4JJ#]I9R:'=6W?RRU;%'/6QIM/3VL#4<]LY)&VG.Z.[*@%D/'W=;1EMO]=N=MR)OFL,^[F'G M"*T?R;62\;BL.'B*_5,JL[JL?VS%01A]<76,*P9:LXWNS\?1EF:2APLA]3G7K8VZ[KX=T\A53XOUX_BKX M=QHO5>2EDLTYW.D:!]78TWY,'=/NVRJAT_@?#W:RJMZDWH.5U2WU;JIZ;=2[ M*\6R&@9N&'CW3:-BL'JW392>U;LQ%KK5N^/W5%7W0RW7M3[/A=2QNJ/#^+$_ M,)NRFEB@I:-9VO<^YQI:#UKWAXJ4//V@0+J,W1\'3"JO4=Y[8 MHN<='>9IWZW+RIZ>]Q?=6BG\A_^[94NMW4FD+9R)4IOC!SA@ +73ZAKG&*8Z M&P)CTZB&O@>C+TY4?A,Z\ %H(_N-GB'WU<,[D1N]?59>CX;*#96/1.4S5A&C M1L9GR(1OB85.=X6&R@V5WY%V*/N@-@*QN:H-E1LJGY) /(9^&'5-KIT)WU/& M]7E?]N:DFI-ZKR=UUKIN(@-@M6[XZ+*^7+;[GG>I*7HY[+4&@ZK!Y).5(&_X MI'!60G-,)W],W/Z6)-2&DQP$P+7 V'1S:2 M^4VXB$[PM-ZG=#[OXVZ$])&5:5H-J_]%#:$V99:GO="$1E"FH\X"SW*<_4H' M@3/DN:-S3",[&]EY$BL<_2;DR,[=>\_LW$5F34]]FEV;F.N9U[&ZBTUF]+;J M27V%,UZBMO %W=&I>2CV#KT7+?M*]((WJ$]^?J/\+)A9C%;Z\:P?/U6MN;UJ M/U@!%;T]' X37=[SX,OBH'K= ]ICRV%B6,G$?7:L_W#SQL3) U.+IL[0D!W9 M(=_$(5?Q\!GX6SCG9FJB$LWHV7KB6&\T3(SO."R0]8[I!H#SY\6KOU-WB<.. MBK_R.+N;?J&F1AO9]3%@ =S^/Y;N'.[ +74K^,(!_3N'KW EKKS2%;[?30Y_ MC/8^#%1/KVXYJ+K#M5 1-]"*#]SAK]S$P=N5YXAN)!T.ANJ G+MH#V6_K^R> MM0 44^T7(7M+ *1H]P5NINOAIW"B3'Q3_&BN#*W@XVCFNZEJ/7$ 4MX;^I_Q MD6X'UFDAESB60R GQU))64I33"V;T[-SRX.9:Z8_ ,*V8+1F]\*(1FO"S^W2 M TUNO4\F2L_?0(LH]<3IF>>Z.@JG1X3/K@=/ 0U9A']+.D2C.I =YN&\S%R; MK"ZS.W'4E);D8WAD'FAG)AOE@;@;&IT$&MT*:'QD+Q:0=!*=X6;-\V!H]"_: M?84&_#RHBL8M _7EU<^9:YPW3^EP)S) \/6!DIKP\[ "*E_<\)FO:BDYA]'M MED:!'D50X; 5%NAM8!AQU."<";\%^&?V\C-?-SDQ@LY=VLQYY LFISQFD(BG M$T<&R0HB$HH5W09KO.7KO0'08R'%_%D%;(R*V$3&*[.99]%,WC_8,R\:4E8' MAZ'82EC5&)6 M**2-L0T\N%FSVL"/ZV7"J-\?J":\&VY.A>&+\$M ?1S2J%XYZG2WV;+JV=\? M)"NFF;"6IQ46WWHJ<&\X[*4,QNI[KRCQL1>@'ASZ[4&OGQ@5NRT NXYJ3NR[ M]>#BSG"TPY3F! 2I"Q-=1+10'M!\ 2/(*S*O4!KM8C _Y;DIKAPG9+9T28&LO9H4C@+( MK )V,+@C4F\-=P\ -^H'/(?@[%MEP$^#XA4!-_0C03[S^*Y<3K ?@5UR8:]* M]R-Q#*I?U8#<3&"36S]] G4X6%YS]+S;-X[)O_W&EZ4GJY!%UQ[HH\Y__UBX MVLJ(=H]/.=AOPJ:^9]Z=1Z^ J4!<-QZZ>]'1RPUYQG-*6 3E=MTKK&M"GR<' M*](U3E!P*)4-#&U,G^'^=7KI*J.VCX]9\G*='&97DXD;.H%?RL.RROO9? 2] MUTNZ)'(7WPF$S7;X2.\F4@+-]@5DHW$&;3;QFBP!23IR_C%^BNT3'+VB#]P9R+> MPP,)PPP:0V/83A*T+'1[QFI707@@K#XQ#XT^7XG(#\RW)E>.^=&RPR _BET^ MQ2@CLR^,RR3(&[;> Z3]!*3]BI#V^EM#6A#4$)F"*QEO9:F:]>?W^\:HT]L8 M2HEW/128L0>S/"]O2C[;.VSK J0Y0KBMGQ1EKTR3,C/0K6*9-\ZU:,M? A-@ M$WW0V1QQJQ&9!QXP,(E,=:OVRB'B0A^0?UD!+MMJ($_-PIPVI1W)T6+@Y%%YQX%^.\ROFP!N(49K_[0,9/?@ +!91N M0&G0(B/YWK6MR?(MC'W%#4+\ =#%BJL(81KZ?J/N[6\BPT+2DBF5R!YM](R3P+VK(AD:2-K4ZY/G[-]_AC?2X+@ MB@;DP74Z=AA$.K/F&)UG.Z9EJA%2QR.' M$:[SD07,8W,-7FW76Q*[6\Z+:[^ 0.*V!<:_&BL.]V_AN6:(H[4%'&+KJ6O; M[BN5O7EPQSV+T:V?\T ;<[BU/ (DA?%/**9 ,?)A#XV_6"8:_H@BW(4U4<_+YZO'#]K5X_5EI%F8JJH; M8SH^RCTX-P&DF9'OR),$AN"&(.9/(9(!$#A"]43@EM,00.")'6QFS=.BM+1( MS,K0M/A]"P(SJ_.];VF)UU$H>=$SG:? $3 6Q4WAPH&NL:3K0MU6=.&H=-]Y OD/WANW@S?G=(?:2(#&EF5R!C0>E1&J&?O DKRJ$0$-45 MQ )EHR5U*80^TDW@5R#W8Q4EH<+$4B<"9,(]=&%H+IGQ4M:(C4S+G]@N2CVA M*!&5$*TB335845/S3H*^!W\D$/)PS===$STDQ)?HR$B1O#N?@ M,V\IE.]'=QZ1;8Z/HE]1GZ9O1B=,SPKV10BFH:VX7) G]1H)G5@QC[PEFQF( M%A(\XZH*O.2C1L> KP.8\Y=:QK 6&Q3F1:YQD2>Y$\+\KQJ>RN@$P 5^UHQ MZZ0X$S@O?+7)$U9]E\JNF:T+LF79M?"(J9KK=642R4>O5])[J%PZ?Q=M$>ZF MO\(/O^6Z/@N\.NV.T>VI4ML#()L]LE]!$7VU;+M$+$OA4L(7W3D!%*_C,)B@KES)5Z(/K>:077[,%_"58E@#QLY XSG-!!&!0Q]5'K[6"B.-PO%<8%03'1PR;3<>.!S1HG1JD >7N65A/=U5M%]Y\_1 M;>=C4GK7"F@RX?"C.Z'&(Y]!364VYL=_AM^4M_#@YZ%(-BQ8*2=K8L$L\Y/0 M2'?-C1D-C5XZZVMU\5T@V)P3,^@.AOV2$"1R,N,0E0RUK>]K!*",+HQ.F0!? M9S0:&-U4 NB:S0"T__[QV]BSK9_PO^&?_P]02P,$% @ #(0N2Q/UYF-N M$@ +LT !$ !U.G:YP6Y=\*/[BW) )/78^44XE"83\B_.%^"&^ M$1?,I](Y$Y.I3P,*@*BE8^?U_N$!<5JM!GR_4.X)^?GNS\]V'7.3SHO#UX>]1Q.@>_.;]UG.[% MS?[3$)3ID@#P$ QH!^_AG\[K^\Z[XX/7QX<'_VK8:$""4,T;/7AZ=W!P>'!P M\+H9^353[ISX_9OKJ7K[=,?^,:+\7=@E_%%])8[[_3;^.'K MZ>^#._][=^9RSW\7ONZ_]0^^B\D_A^HZ:O*#/SD,_ZM#+WS_OW[MH8FJ 7,IX'T$]9';00/B*)SS@!E M!GS&54"XF\'W@CE!&OF7=@3,H+)2U#<1*DM0/9K#4]3='XF'-@ O_.Z==!I M'742]%"U1H1,YR1#H@::=0Q DK=9$BXX#R?EBGJ!; >S*6T#4@NPJ&3NG*Z> M*$L (N!K52J*^1T'Q_:28C &.'3">7!A9"3+AV2T =' M? ^)SX:,>GM.0.2(!MAWU92XM)YA$@.$_,<'[#3' M4OCT'N1W\ '&A4KV"&]#+(4HZPGWSGG @AD&EISH1O8?64V\B%8%@=0&EOY M3'"/K>,%YE6GB MS]OJE;GA5&_8FV*:! W&H5 !,WOC=3-O+'@[8N@LN#NO/G,2>@QP=C[)V+TD M9)H@FKWURW.]M8NBC,=ZP[,QX2.J+GD_$.ZW,:# RN+\>P@S;LYI9ERSW]XL MZ3=T6]R:P[B3;N]_G*C%7>1E(^^,J/&%+QY+!L,%R.REMZM$%S)W-/>=1VB[ M)T>$L]^U:) &=ZER)9OB7[WA::@8IRIV4"-,L[_>8:8,*UI?J%!2^"/-4Z?. M*:[HJX3OMGJG'TXF1,YZPSX;<5ABN006*ZXK0EAA\-$M]'"7T22 FN&:/?0^ M[Z&8*SHCQ==9,'82SMOJHVN&U2__CHW&R1HG^\IH\0MFB+=5G/>41^G0L@F@]F])%P1-[40J82:#7V8-W3,Q]&, MG#2G;;5[=9*Z7$+:.2H,S"4IYK9:^88&5T*I6RK/Q&0B>'\,JZ;(T.4@LZU? MYVT-3!SDXMQ&>QK Q]&,MM7@: ,6Z)0:4D%(MC$3H'R1C)@0S,;_)6_\%"N= M(F:8;:L#T$+:#B'U^G2DK1/7M,L@9I._R9L\S<-)F&RKJ?OA0-'O(6AT_K P M<^&MV<1OBWEU0N]$#+;7O$V6+:LL=9HM>3J%16GS)8_S*GG:VOI!9JES3P8^ M+5L#Q0"S(PIKS^Q*R'D5<=E:4Z>6,6E#%U\;S7Q86'"F&&R]C8MY>=K4E5"S MQ0L+TO+R\):;OC133UO?A&!V0&&A6IG0;[T7#(E[VA?U:&:/%):SQBQ_Z[U2 MEM2GW6& F_U06.J6IOY;;_\F>Q]=&A#FJQLBN194*JSC\VN4G2=* M/='"P\1>Z-/>,'Y_*\64RF 1*"7.:4)E]E=A<9_S%X19W 3&60)D(N)$*0K9-\(D]2"WN&)DP'R&W19@X81Z MFC,X^,985LF$5M.DFC.F5)->O$[>YB[[DN*SG2N%Z6YBYAVHA_;I?8 MG8PT;^R7C]6-L.FXJ+%>N+>CRS?QH=%MAYQN29U."H@3V]FCZ! M3OVP\$>5NYH1FWU8J,R4^C [BFH4)VK-29K;3:/U#OJ*$8"+^)7<6T%M]F^A MBM/8OW%S.P>;MP[2Z0T/F,?\$,>X/G5#J9.*\R?7#SWJ74@QP0^5P\@>O>$Y MD9SQ$?+3G#+=X0]JR]QY"L6BZ@V-7)Z5DLY9B.;Q- MLNU=SK !4CZI+T-@=GZA!E6S=[*;YALX+17!=V)&_&!V2V:XZ9$)_NDB#,#6UR#/))Q<4:(H&% 3K>#T>F;F#E HABW3 M :+&G;AU1S?O).WOND/9]FC*=67@3 ]X!KW1Z:\+1;/R[=>LLRNV:'=.7M5) M)66R=3$SN[]0(%N#^W>%L?)CNU5;N3589@<6"F&%8[T_=_J%_^!5/G=TZ.@K M@([Q>IF/>XKAO4][\;NQI,./>Z$B82NY]^7?H-K^T\1/4)"UX0H@[=&\->*& M$Q9$N@4NA2N*@$FRM==.A$\8!"Q \MM4,PZV Y- >QTJ^V2PK,I 0OT7U/4* M^:]52>A]RRJ9Z[ OI.K9HI6U*@RALZS"V6A[(7V[\T;2ZL8W*[475RO%?^>O M7_H B@L9.+QPE9/I@J[H:K$KX6I6!A+\JY70M?!5JW/8.NKL/REO(>DR0BS, ML)P0"=T*0ABO":N0HI0&'UH+XJ;M&^\<,[5?2MBF?J"2-ZT%JU6D*5XRMKHX MFM<*\C2X7ZU)3TE3WD2$V%7>8U?IO'FF,*L)LK(4F<['^ -5 =KZ:)D^FR*+ MGUL+%CE!XLOB=*:%]\O].SZ\IN)"!2RGX8V$1#:UUYO:HX2_SD*)V>R>U@:W MKU=GP'P?:3[N!4 HR5>.W@,HR@3WKT>[*/Q*$A @^A"JX][KJ0>@]?1E! ! M)X)#7B=GEP&=(#48#U(_&'M#--TG*<)I@LH Q604K+92KI(CHK'X]^0)3_=& M:IM1:A7SPN@^H8)F'AV\H&*7'"P'0VN71O^_Y.FUR^*6HVCS/^?I58E7-\8+ MNWDYA6X$?Y9!,O0_D$V6"O" +4)D/:Q^]%!*J;9B]RGE\!.99?7 JF*RL<91 M*L1V>L-XIQ)WCR^$3)W"FI^K36ZOB2VR"N7&#C)ZQ_(4'.MEIE'<1!]IU-/9 M B4NFI\\$NE%!RG4)]QM5Y?\5NO2R(!_;),;:_GJ?J3'X3Z5#\RE#;I='GUC M-DC\[TPP&;P!S3TW*X6LJ8GN :XRX\KZS5^ M*-TQGE^0,-NFJ@V+4]UG0BURG>;HFYHHQUTI^2"P,(X:X+;'TF2&*G2U,H#E M?I7*8?%Z7N;%"ZL+PJ0>19,SD(MB7W."5773]&M0[K=01)T>8UJ'0H_C) ;9 M.I4C*A.=&N"M/).\;)0D7Y%#;CY@7-ORCKIBQ-GOU+OT )<-F2ZTU'],]$D( M[Q'TG$^H+\-["RR)MUF_A!5COEM@P1L(R#C#/].IV!6P?@F35C6TL9FCI$,J MH0V]#H=YCXTXSNQ1QC*?_NNPEDW/XAE2DZ]E=X7'OW*F1]O\'%,-MCVC/+>& M=(:=Q/>AF\9EI'45I\H8KYH'K^E236U\OUU>RWF? M>D%+IMOX"4T8AQVJ]8)&S+9B>9I\$?VFU,7%COA"5?"BALPU]*/:LJ!9+QA3 M>3\FL>;K'RQ7:?&'#?A:9=NPNGQ[ M/ZUE<\FWWH3'VMR\WOCRQFXBPD]K_]2N2,X.=W1"&'Z#CA]!2N(&(?'OJ9Q8 MF!#7(^2J&YOQVS6XL8'P5VQ(+_D_*9'JG'N]8;:,\!P&]M7O,C45BOB:Z)+C M[0<@>^G!+ZS;J'@TP?."^^4:H$VT][BK)!8E8M> 2T+[8>OTY@'H.I,1J_860X<65V M@*M 6':(2+XY1)S/G*UCG*@4[W[,I'=/=8Z,5J_5IX1@L_6CDI)AL#@ TPQU M W2Z$ /,QI*#1O>+Q64I9 ,DKCH_GSV!5(NUL8?K;\+)@$K(!'0E^>_4QR\C MSI4KQ6.BG!G%=N7ZLP*KGP/M!+(HO$Q*GPR)4LV*T_7+D?S0BX,XYXX.R28) M-S2MUO9933EKV[U"BSRHUVI0H=7R%:F,/?_HENUG$WUHC*K3[,DE4"-ZW\V^ MOZ8XHBRR^E5(5PU+3Z 5U]7%5" &- J!G%)54/MR$Y_JA&% W&_S]#0GO1G' MN@[7L+JGT"FR4A?>6I?S@G&8Q;'>5FYG ]RZ['<"KVP:$Q^_/TB>8>69U: 6 MR[H>T6G$@($0MU),F%)"SK!LG%6D'LVZ)I_[G[(RIU]8EVYQ\W'R]4K5X-( MT;HV%^R!XC>RF'QC>H.7L@BI\N%K1K*NQ1W%4A#N-.O),_H$.A? 1A3K&IQ/ MIKZ84:IZPR%SJ<1T_51@NC3L,DG=HE.6HK"NWXW@I1"K,L;'Q=[@KB% M?'8>N#G9:[&LZW'_*.['(E209Y[[]('.3\!A%1O"^A:6W]!Q4F@7(I0!+47, M*O\RK*U;3 \/=4.[&<>Z#J>2>2.J]XRS@IFJ%&)=WE3@1;6[,U/9KS&V=;VTG7O# MKS,Q87QTK6NPNCI6Z/&-,#=7GT)4-,*TKP]U!4]OX!;J#15@ZY+G=YYSB445 MU+K02R ;(6R;I9LEX(21E(Y[4P')U ML@J@=:FO99<\,.].5X7R!BX#;8K$UR08TT>5SQ@KH1L@=Z7(&RCM1>\T=QI% M']TJS/<-\*SKDCE/6ZZ&&<6Z!A56+F0K#?"LZU(T=4$-,\HF:C"&*;Y6APS2 M!FJ!1=@Z)3(XUG6X%C.?\#Z=DJB=BERL'LVZ)E9Z8A,%2]/\,@-_L 6I?DYNB&R=:WBHT0GR>&AL\RN?NT1I&7HK.NJ M;\>JV8^IP;&NPYF80G._ZFO[Q/]!JITO$56!K4L^-RIT&>)7V;\6R[H>R69, MJ?VK@-:E/L>#D>,3SAE>-$;DK#>\'],S7RC\*(;DS_8T1[>NV=^C'ZOO#3_! M _;\7.77 +2NKM6F#K_@/:^A'Q2/_C3$M:Y3 M[8F+C3XW$9_K+CL@LT$V/I7B&Y5="K.4/!D5)K)JL'7)DX$P*W#AK74YS\:, M#C]1X8L14_E$IQQF768]$'_%']DM/>F3AUB7-[5 F:].ECFOU8C(NI8W](%X M!'OX%W@?2JH*IX/,*-8U2,TX%:#OQ7'3\M!]B46H5Q,[OGMF5*8 M=9ECF:H_GS A6)>^JAI=+)8VPMQ4?8IETR:(UK6)OE^MVKVN -J7>CB$@05& MF+OB&K<49%WBKG#U-3 XCL-4BG/J4,A)5+X%GO@=8Z)",UP2/R4Z6?^]$+S6 M_Y8PKQLBP^@[V+QJ-3BV5]@K@QOFAXO??C.J4H6V<8JG?;.G2@#!? MW6#BC<&>5ZX1JD4%/[2CW\.&Q_\'4$L#!!0 ( R$+DO.01>=Q X +/$ M 5 =7-A=2TR,#$W,#&UL[5U9<]LX$G[?JOT/6$UM;>9! MEF0[D\23[)1CQU.N+U,P"=FLH0@-0/K87[\ #XG@ 0*\ &UM'AQ; M0C>^/M#=( #BXT\O*Q\\(4(]''R:+/;F$X "![M>\/!I\NUV>GQ[AXL\8_@$J[0$?@9!8C M$),?P:_0C_@G^,SS$0$G>+7V48C8%TG'1^!P;W\.P72JP/=7%+B8?+LYW_!] M#,/UT6SV_/R\%^ G^(S)[W3/P6KL;G%$'+3A]>WV^!OXZ_XIV)\OWLW?'2S M8OX+^&4!3L\N]UZ63)A3&+)V_&O6;/Z!_5@'\T/C_;G_U;L-(1A1#>= MSE_>S^?[\_G\,"'_Z'O![T?\QSVD"# 3!?3HA7J?)CE1GP_V,'F8,;+%[)]? M+VZ=1[2"4R_@IG+0)*/B7*KH%A\^?)C%WV9-2RU?[HF?]7$PR^!L.+-O/4G[ M'!+J'=$8W@5V8!A[6F,WH+8%_VN:-9ORCZ:+_>G!8N^%NI-,^;$&"?;1#5H" M_C]SF$VO$7W ONM@LM[CO\SX]S-FHVB%@O X<+\$H1>^/"(6T"5EEXV&@7$/" M5/"(0L^!OA:N2LK>0/+!AKAUZ-7R:LUC$K-*H^+D5 .#TU*E!HO^85\M3QYA M\(#H>7 ;8N?W1]:$!?4O?T1L%"@C5^(RB,Y/('T\\_&SEC^4B'J#=D4>8.#] M)S8A"R:GB#K$6_._KI:?(^H%B#8BU>'1GTZCU0J2UZOEK?<0>$OF="P:.@Z. M6#@,'JZQ[SD>:E:R%I?>P'_U>*GBWW@/C\T1M;)Q;U".'>;SU%-).A5->X-Q M@WSF[BX+(N'K'8$!A8Y2U&RBZW$,ZP>;P0/+)0HO,*77B+ 2=X6#VT<6A)MP M28EZ@\9Y>V$:I1YVX@PBYM^@A[K2Q^)+0]!C? M[BGZ(V*\OSRI@*IK/W+ [3?PCA. [^"]WXQ80C)$,%8#54LP8-Q30]9$-VP, M5,.H0#I&/%0#J\Q@T-BHAK69072(6#FM'1, M*6(!D']'D,L&YX4'[SW?XPICWT4KY"K:H2_^U@BL]0QGD,X&GPWJ^JLNGP&K M)NU KAE@)I<3^7$DOF!_ M"Q3H)40!B]@9'PZZ^X(W^YBSF2?_%F *,JK\KS!P0<(""#R&1%^]L"W W6<8 M-\MV['<6,%P44.3RWRB;6[N\&@4I)Y"R2C%GJ'WL"$A]OH4!$]'<*=!XG\(2 MTOMXLT)$IP\0KF?<#6;(#VGV2>P8T_DBW;/P7?KQ;TFY?Q(1[L=9!SZ\1W[< M[6]INT*SF3G ?!V4!V+V'Z^TGJ ?A^;PA#GU*PO-\?:6>D$4R8L"YOSHF#@ M$U;I?9HLLGX@<03O*6\@25O,*'_X$D^Y/.8C&?V2E3PR?:>ZQ6U$R=N%H9B M9\2?.\3H#=KQ$H>(9]0+S.9D-\A!3 !6+;#2L=$9%4C5[+=OU'[*&K#.=HET M<6)<8PK]GPF.UN MUCS#-5JXIKF:\0Z-&D\JJ75V222ZQ(&C-NCR+0W"/D5L8'@A58=?3V%'_B[+ M4/"K)I&M%OBH;0T:I55S402J1P[X#6Y);W&JJVJK1W0^YU_=&9L>HC5&[7@ICVI MT#JO3O>PT'3=H7G&6=/>=(Q1-J1<8-OMDUN85XE#:M2F2Y&VMI,JPT9+$A89 M=-*(A,3T P =F\G%MLY0.:A*F<^J+-:FM;:S8=0[4WS2AC3L FV3,&;;P%D896U^=[@ MKH044/"0KKA(JI>*IJVB0WGW#'\MQV]\(R)CFYT#2>OT._A2B8F32"E,!^9: MQ6;#O5$"2\,RD\?'B1.GHM6[3%5;TV&YT3 2[)::Y)K@):+\73O0/T.R,5QN M:7H>KVJ..AFM,T;R9B2?#>=C=^4%'@V3+8"-@Z61T/3T7=54BAJPSG(;^=B, M!Z\0WUBOD WSC0V"OT%/B$W,)(BW+:S)C65%%URI*)6=:U7J\M0/H;)@4]/; M!@,LRM48P20D!@4Y#T)$$ T%1'FHETCR]$>-VO2(:C16P0]U=&)=G-Z.LN0 M4_Q(BF'>3JX^HR4F*&D75]-?O0"3>!-\(C?+32*79*;]%86/F'WSQ)H(;QJI M\HL109AV+P,:KPN<%2'6RIQ@7F7-,6'W!O;F6?0U)K$IPY!X]U'(5_;N,'\6 MS8B8F?Q8YD2-7<9PN_[L'ZY=]%A*)>,[NIV.RV1+1]AG-@-:>HV>5T%@?]CJ MW75JU69A38Q"E;EAH9GI<%")6GL4=[*[G0,V$[=R89,RM5TMF7.JYH\F+J:' MMKX;J.G%LF4IG1?F"@LZ;[LNZ!A9J5)[N:X@Z ^:@G(YTTZ %X!\-W\#24?" M:M9H2W3E-_4*)1CD9P\R()%77O3*X6=[297A'5V8S&!\/?;G*+D__,@/1Q[ MBI:($)0=DF6SYRM6=9"F$TIM^9E>=NQL]VZ*[#,0UVQ]*0.LKKR;7B'"F;7D MI6;DMQ8:N8/0MF;:"G&2X\LMQWD5M9K!?[#0X%IB6CJ&+V7GY/0]^E+[=-P[ M"PW;3>[=&*4< %7R;\V@U5J\> M%"TXJ]G_@X7V[TT%YCRA.H@I'>O3B8KM#_TMYCMC>%U=6FGOW@J &IZ*5K?Q MJ5@/TELZHZ_12;+"W>U1;B4/DUO2TY?RWN'T!?>*[S-JHK/T8:_$A,5][$J* ML:^,K1'\S M@X'3SW4H>9H]3. BY\1+H.:41/XYVM;PFZ=.B>/V+E1O)!X@? M@>.?2'RZ)3]+?5UB\O*9C0Z*M"Y\5XN3OGB_C0L(I)8NBW2U=H5ZK#-L]?M] MKQ'Q^/8SL1*IM[$>%].#NXW,Y75+W1+/RJVZPZE"5A9T4,5P:VS#J4(61^S: M0*1UP[*PX>0]?VT^FZ?XF$8$L3_RK.+WZ.>8\?8P>V_,"6X9!"59?->>R+>1%[2@.*DXDA\%7=WRR@6Q31"11#0FN\QEG MN5_$F9*#F!Z(#(;=^:6TO6UQ4'+9B@UKPT*5W_HLH#TLHF6T@!,#1@T2MF)[))H ?4/1=1Y4K"E'38>U]P>+2!]5XZ\ M&1G(Z,QG#6GV6)02HGKV &^RWP;>4"J[:EH0II0*Q70"WB3$ \.MOX0Z#W:_ ME/MR=",A;;R46@!<2H?5VXQ'0:YR5;4 OI0C:X/X2!*HWU\MR%%*G=*8/I(L M"O=;"T*4,FIEB!\)?*?;K06Q2OE6=7(!WJ0=@$T/0X_\;O=>"V*7$K9."AE; M<+7+L@7Y2FF^F%6,RJ!S9;8@5BGS%\1B=DPY+YVJV:M4!0B) M=6QC]7:O=E[& VGQ(%HNZ0ID?<5Q*-<;2+LS8,X>;]H6E".;MW=5SKAGR+0O M[!;TH/%+HW>HMR%BJCRIE%#TY;@*23D#6RUB#NO.= MWX+XI3I*6?RTE]'E'_F2;T%;I?*K?F93B'TY4&"+"F2P %][ #E@G"B#%C-/ MYTOCZ+C-->*"HDIU7,/4:>P0TL>%XH+ I0I/+K#H'6D_(.W( BNWNF)<4$BI M,M112-(G2#L%<:\@ZS:G'@O>CAACHX*2-OJ170BLS,"&5T#*,39>PJ'+Q_1N M $WCUKV<2TMKUFT#413C/+A[QO]"D*B\'52=E>E=$*.X0%EW.^P%K%?4FQ_D MF)G>!#*6)Y3TM[N^<(8CTI4M+?#CL J^=X<8MUI^E_TK'C7;RXK[#DQESJ;GZN9B M4YV6K7.?MG=>U[M->XZ[,8I47KK49\#6ZL_T[+:K.W6?B&B89?BW(FE=(L\F M4"GX$X)<+[SP@JJM!)QQ#WQ-SU;[\I2>U&&A1YSR6T/Y]2*\/$D12]^7U1-O MT[-00Y[1K&[KDK=N5:+T2E3:^'I;. 93.*==O=DT]@/^XAQ2Q3_X+4$L#!!0 ( R$+DO"\/[; M_1\ "X7 @ 5 =7-A=2TR,#$W,#&UL[5U;=]LXDG[?<_8_ M<#UGSV0>'%N)N[=. ?-H+Z-X__^O?_\UB?_[Q'_O[UKE'?/>C=4J=_8M@ M0O]N7=ES\M'Z0@(2VC$-_V[]8OL)_X:>>SX)K1,Z?_!)3-@/Z8,_6D;BV6]LSA^^'AP\/3T]#*@C_83#7^+7CI4K[I;FH0.6=;U M[?;XF_6?KTZM5X>C=X?O7H^LT>'/UL\CZ_3\ZN7SA"ES:L>L'/^9%3O\P/X: M'=V-WG\\//KXZO!_-1\:VW$2+1]Z^/S^\/#5X>'A42K^#]\+?OO(__IN1\1B M% 71Q^?(^[174/7I]4L:3@^8V.C@O[]>WCHS,K?WO8!3Y9"]7(K74B$L))-/>TED)_MY M4^)/_8N.;+QX8.]9Y/'79,\ZV!SH9]OG=KV=$1)'*F2UA;N!C!]X]\5841I.+M4QN$:F;%!%^[#'DY.9'4Q)=!'< MQM3Y;<:*L/[_[/>$O07:R+5JZ<3F)W8T._?I4Z/V4!%J#=HXG-J!]X>@D'4F MIR1R0N^!_V\\^9Q$7D B)=(F=;1GTV0^M\/%>'+K30-OPAH=ZPT=AR:L.PRF MU]3W'(^HC=RHEM; ?_7XJ,:_\:8S=8]:6[@U*,<.:_.1I^-T:HJV!N.&^*RY MNZP3B1=WH1U$MJ/5:ZKD6GR'FW MD=\35O?9HPXHJ'S/'6Z['6\_'?"=_=U7(Y:(=-$9ZX$"!3KL]_20J>2Z[0/U M,&J(]M$?ZH'5KJ#3OE$/JUJRUP'L*8EMSX^N[)#/51Z5'G*;.GON;YNJMEVM MW?2_3770$NX&ZCY?(',3GXPGV??7(653X'AEM$;H&]37A9-I:GD-T2Y@%JQT M'$6$=8#\MY"X[.6\].SOGN]Q@['?DCEQ-7EHJWXT"C=:P^GD89W/!INVUZ;U M=#AJ:MQ1:]?0(>A"TQ _CH43/&9&?%P!:JY)HVI[5.]7;EKN#UO63UYOMR/A MXMO-?+SK^0EO/+?$24+Q7I\].W[B$O<\I'.^IY;$=CK2.;/#@(T)>'VB)DUS M](NBC_%YTU=W@ZKZ4*/ P0U=V'Z\N+87?%"N26P+5?>LYGD2)R%A RMOGLPO MB1T1!DL(M:JR]F,ZG9D5 -7]K*GQ]C4C4++12*CEQW2V -A\IJYYOXO-M\S<"UXQ5$3K)=[+O>LR:D=A-R!Y4-,JR%B^(#UC1@ZS, M06T%W>->/FS?I7/;:PBZ*MT#8O&D_3F9?R=A0[AET>ZQVK[?#*$0Z!Y70./C MIM!RF5[;))G8B1]OW"AS\3)F]C7S:GP@=LG^6\)-GF,2L %;CIQ7N'V\"_N: M5W.8_AE9^U8N5?QH!ZZ55F&5ZN@0?'U82PGM*P9QN6G//K/A@LO,2US^*:*^ MY_*YJ)759.55]06ZWEN5-'B]B0;6BU+-?\LCHG*-?.J4U/!Y2!8-:UN\:*D3 M._HNFFL2[4]M^^& N[4#XL=1_HUP=/N'HRP&ZR_9U_=+[,QVY()]7#+EV]^) M+YY]GQ6N*WN +I8)M> G95;A[QJ/\=A#CY[W37[U+2/^<@'/:S%G?GB::R? M2L<^.;()FZ(%UK*#-*3A'G:3;(@EBI*]LJ'=7Q MGHH+T,Q4B1SBX]7A@ FY']6@;XN3?+BS;6>W,6E".XBWUYOR5IT%\DCT>^:] M'_F>$GO9;TGHD>CDFA4G8UM>W8*D]! "8DKP/= M2 ?P73+;N97QLA'7.!2-T!7!__GB*/Q^Z8% MTV9$%00'R=8Z?HBR(T2477J_)WQM@1DU_8$$#A$]NBYW< T#(U&A",3F&[,# M_72C=[.1B88P>@YU=8#H>XN%/OT!B41H2'0U&HJ\PT63:AP"" R/'HT1R'M< MU&@-/V12PR-)=^#QH;#E<;"F%GOH;]UMARA.V):V0H[TMD)655IT8JTJM5Y\ M"^S$]5B9OW6ZQ=/D+&Y)P3?;*KBVZ].+DGK'=DMZOFVH)UXCE!5;Q,7^U MT@>5R$6P&5%Y57>[7;O=KC992IL]#\ND@8B%T]OQJA<;R*Z73&=LBXIK6%5[ M+4!QP_M?4H-3'060;H.UP.N&X.ME[]\B M7T\"(./<%6ZPR%=='$//1"UBG%N_HM6DR\.G2<@S&+!!"TUW7L;Q3#HX4XGB M)TI+ YP;P #VK.UMQ%Q!=JC4K:N <[M7UNZNR)/X1;H^I"$^5 9KM,"YZ2MM M@9NSN"8_5!KKU,"Y*RQKAVG8:R3.T9="8/-3]YN]I,IJA\IZ ^UP[D-+6W/[ MK4&SWJ$VAR;J:>QVXVD/HIVG7Y_3\):$CYZS:6=0J6:H;$NTD6W:X6.W&#.S M#;U /4/E5Z8.TO73*Q)?! Z=$YY0!^:O5 P]/56TH/4+BSP&0X6JR==+ 2;O M-@FDX75:HM+>(H4:96DO:?B>G[WW(AZ7D(2$_:=8E3B,7ZB,:[>JKLN@H&:I MVTL:?5C7**N,@R]49ZWJLU85=JA3?:KW(O31X3KT3,;*A3J$5Y< O@1NM ZN M)-$A,F4:^!+,5^LP,W%+R%OE"CJ-:].*81N]KC37FJBT3I'*<\:7P!ZM@V6R M%A>VKM-;FYBXEW5D>7F5)D">9+H-^N@RZ*6BO9 M3OMA(/%\">B[:H^;BUFYG'%G(74:HXH;U'<:UHO\4[<^7I:COJ1+Q0&6O8CU M(A7N%BV\8Q@Y]V/ OI) M[TMJ5!RFM"_O1Q6-G/@E'2I^M+9K[P?[5@GQ2UI5O*SN7,)ZD3W 6CZAXY=^ MNTSY):TK;KJ)ZZC1&T%,>&6:OSMTL#MTL$NQM4NQM4NQ-1A"!G&J8!@IMM)@ M^<]L<)2%S1>V"ALDVVI:#>ZT6QMI [YIAD.C^9%0N1\J%,'M=RJZ8(NO%0"5 MP>?%0F8\2]60-88NZX'.A32U-6:GT8 /S(?--MKWQ9XPHHH6LKYQX_/=V>N0 M/GHN<3\OOK&)T460I3X(IMDM/M)X*?TZAD!;$U5PSEO63_L<.TXR3\2>WRFS MM>/%DJY/*8N>0TT5<(X%6,MS"'$C?C,4C][AJ>=+D7CED21,9,.*T+.ZB3Z@ MPS-*\1=*W2?/]R_F#[87"MVECJ^^/'K")+ A7@J'='J.@-*[9+6TREW9XUW? M5-RM9.]6LG^P[]H#QY)A?_3@5.LA7#X#BN%<2I#IB&P468/+=Y"L:V*MO MBD%?R@0%32LRLSHA)X=NIQ+2U0Q3'&->%>FP'?2ZQBYNI[Y.0F=F1^1X&A(! M2KJ>+A,QE()GTS>-ZFO5=O<+\+%$$+BWMJ_)B%S(5.J0%DC14 Q\4F =SD\\N"^D_T<]=0@;$'E4,PZO7!SWH$"J([:%\ASCMR!Z((XW M\8BK+4&I[K@D3K^-AG"[.A;8;%7]W[&-R%FQT'@\70>(K+_;D9. M?,IZ\NDITT;J?32E[]\;VH-2OBAT,UT@=MX;WA2V%^D!&IJYW=J3TS5[P%(Y MUAZ1;R'JX.]I]2?-I'$UJW-<5E=401<]%,!9R+"X4\ MTFF^R(87%JT+(:9+%SS.(5_V@K,YPP,/Z^!)Z23!2G6E\5,#HX8XV31YJ6(E M^SKT'+Z F^6#*"S\GM"HUJ\45WX5THAY:*P%Q O*Q*39'7^KJ?JFN;"*52!F M05YMSGQ>K(IDHZ/C)SMTQ^($<3&-]56B MN*VC[4<-H(ETHS+4E-K(E!H1Y^64/C++/)(HY@WI=?:9-Z'7A2:4?GM_(?[A MR#/09\]LA.9E'5U-CB$F1(H9X,)L[M/-+G8?$ MEEP)<,9M>"W2]DEV1E.\]6K:( G\7,F1@P2UO":RK3_]P@K&T460CM3.:5@8 MIHTGJC4N<>2V/P2(&X412X"-K.5-TQNZL/UXD4?F+[/E "T"*HZ7QH=VAH=VCH3WMH M:!>+"Y&%CI9=+.XN%A=SB,XN%G= L:$;Q.*VO':Q?2RNH>NS6XS%17R7MF: M4WE=XAWR"5 5K49C[WGV4VA6>FD0*KG52_G*=SD0=M.9'V_#&>?&$? M^ ?3CW!RT/%#4UF]-X/JH>_IYG,:BZE.6LTFTNYL8EK@8,]%9(CA+MT_@@/ M >S2^>/RZ[MT_@KM^G+:+23Q_S.D[A]RPOY, TW>\F8*"]T?8>5+$SO$TY%9 MGG9I$I&=.-NE2=RE2=RE21QNFL2SB%GF22\;7VU94YZNA21\L#Z@]VLY.O?< M"^S X1"$.S.:**>)4C2_KRIJ9#(#6A4E /NS?C@>4[F%; MKC#?-GL=,OO+G2%,%T--CI"[M!YKSELD- MEK02_K8W/X Q09HED<$0"/Y%?)Y8*-VT!,8&$@G$EM="WN6*X-8QF+^*;<]X M'(K#B4M=B,/\)4]'I8-M+"QUE:DL[CSP[ MV)>P_K[R-O*0U3P)<5/H5&-PHP9+HLRTJVN:2[\BA9A?;?005YLFEX7NA%U- M5IB;CSSV#-':SFTO5.4J%5>IZLHCYF0#/2!V-DTY"[#S$47 ]1B2'G0@\^.*DVNQKXA5+WR1/GVH&>*R^!F(5:I/#&D=E0 M7'Z9\\7\@;VHXGP,>TFG1#*,K"^/GPP9;GA-UB@U7*7QY"0DKA>?VX[G>_'B MJ_WLS9/Y9QJR>0Q[OT_L!_9+O( ):U(+?AJ;:P,O":,C]R*("1O,Q&+QN[ P MVHQO4KOT[.^\R7DD8K\E<^+*$LJ^/I3E62IGDTT?9>7/LMA$Q2H\S M5T@QNS(5/G-VL5Z4 '1K*R Y0J25BNOUJW4S9-59 MHCZK6&%M9JXN-1.3YUF:+>.,V3Y>Z.GT>EVG8D5_M=*J=GG&=GG&FF\*#SC/ M&%]:5&056Q7!'6Y7T07;QKL J H6*A4RE VL8L@:0R,_J-O4UIBCYQKP@3E> M[BNS)9OMJD@I%3.66ZJFB5=2L*[!!-\$PPEPTT4&I=F+Q>X-!=%IF+T"$VSM MAJ.L5#BSYCAX-Q.%@O21>]6*X/;"6SM@"L]:PJ@*O@>*&4WI)#4YU%$#J MQ]M@![-O;XU!S)Z_L.NMJ%UF2<0YI':9)9'YGUUF MR;XS2R+-8FAH7ZN5+(;2^%##60SY&OUX8W6&'[:#? M&^!F'IE\(=2G4R]27/]64_3^C1D_M^FK1374@4S_QJSK*\P:K^UP' I?XJJ" MKZM33DCX_CWR4!Q='2#^#(\P*W$(_#[J,")I=/^#[\62D:9:&#U]NCK@W(RM MG,0X3N(9#;T_B"1J42*$GBX5=IRK\^7YC#Y3D.#V,G3 D>8FK3 MH\,=,94>4V] 4BHP/'X*N"%J-CTWW$-RK_3[DO"1]>F;9OBJU(.>R W4 M >>X"-8HJIJ(D=#V_-97,U1Z)=J [)I=PK@(G)#8$3DEZ;\7P;'CA S_K>W; M?#<09E0IBIY%/0U YLRN:C",)-O4+6=[RE.X%$Y825[+!K6@Y[.Q,B"UAA-F MKO0H)12Y(0[Q'HD[;LRMNIHAD:NI#G["\PVL.M:S9\=/V'/.V3O'WYDD%J_,>')FAP%/7)*[9*FQ MWJX;BX&Q.!J+B5LI'DM4LY[@H@#*6J&RUKDR,X-!# MI9?:)5+8)5)H(QO==F_PYT5]!?)HZ$X?BCNFN@=[8XM8JD=\9<^5EP6I)XR0>X6,'ZD!8Q+'D116(V_8P^4KS[ $KB7#E2:8IOW MU^%53?ID,F;F^DJKJTE"/D5OER?,T_+6N.SU9+3H',:37Q=TSKP\S]\83 6T M<2"_9E@M:&CVK/&2T*9J]#:+!L#CX;XU6JJ!]!A. M1@M=4_1Y4?Q%<4%)@SIPCSB;6P-;_MHB3M7:1UU90Q>>-+<[3!SR5:KM&,(\ M%.R Q5Z'@%_#,Y?'N__$7(!\K%$I:&K0)VGW5(D7'-!M.I,&[7IJ/WKN#7&8 MA,*PE9+W[W!;MAXP9-IWW9CVJQW/R%,D"3LJ@%TK;.K<2B,#UV&&;/R^=1NG M(SR%;8N%[D>&LGCJ&K4*%AR@OC&[KK;+3XTLR]DN/_4N/_4N/_5P\U.?TY!X MT^ B>"21:CQ66];430PM9*B&]8&L_]:L]_O!KHCS? M13WV^F^57=M6M9KQ.QK&ZMX6;S3N^NRT<\\+A[K9P3091NZIM;@L?'0[Q MNG"!&MP".S0=6D[L\>32#B0Y^U=E[D>&=LSU#TFO887LWO+"MSC<<4,"\D3< M4P856/->+X;8GC!LT#FU' MDE-@L_H0$]J"7N# H(.7Z3@($MO/4H5>D_#8 2]5 LLC9D,#-^C!>[+VW$ M43&'-SQ"JBN-F PE:HB336]8 YKY9QHDDC7! Q$S+ M( LM3X>7#__*)N,S?W%.()=14Q*Q;:6(0>.V?0-ZX373-[1""KG1M="#!!B_ MHTM< '@@L76-\ 2-U" M+Y#ZPLP;3Z+6PI4W-W1A^_'BVE[P$ 'I#3;OFR5N+=]BDSW'RAZTNXUFE\SU MSY_,]=P+F,/V;/\B8+U'HD[0!@K@#B%2Z(EM U)D)9B0D/>+Z073K-<:3VJT MB'A>JZC^)^6AMU:?8B94244L[5!C< O3\*'(P34>S)%4YAI8OZS/RUQ9;_"E MZXD[)K31:U<0-';XV1!_:YJ#V\S],'A.$\6!=96O/FRS?94^T\H>:HFG6OEC"YM9*\NU;QT.7D!,")L\"#== M-$O=SS*#'!VN&Z18@Y57L6:(^C+8#7!MA^Q_,Q)[CNW76V/4@36L%Z4'=VN= MV^1[1'Y/^*G4QX+J\MLXCUZMJ[VJQDKKP78#9UG-2L=7LP<*2ICB^S V=M=V&R1HY-NUS:JPY"K )H_W4(+G!T7=X)#OE)8 MWXU(-6TOF<>P+YTU=M^&E)S=Q<*[BX6W;@>]^LGK)'1F(DF*>VO[1.^Z5+F0 MJ;W1%BY+U5"LK]W4]FY\KNL]AD&'7">PMS0&=S?7 M8K\5;'=S+=:;:Z_(H^W:7ZCO_L+43$(275Z>2)V91,)8Y)76W94JX.#HP>PL M;NC76#:87#>[S-)LAH3=99:[RRQWEUD.]S++DYE')E\(]>G4B^33M[JBIF9N M+5QE":H#OH4M9V7*DS2RF6:!XLC5X'-"X*G.G!)J%9VZH&,2X MX7B +$;_CAX[OR>LC_B<1$S_*"*1(LV92G(H=.KI 4Z8\::NNR)/XJ=-4]4M MY8?"9!-MP/$?7C[3[UGODIZ,WYC72CU_"GX!K< I%D:>Q<&^[6FNKV;@+,N4 MPKE54VR7UR%#RQ01WTD(A40&0YY< 9S+FQ>!$_(#BZ&_;-_P-02P,$% @ #(0N M2[AW\LQR6@ DUT% !4 !U(9BJPA65++ MGW[Q(%DD\2# (H$L^6[$'O>H,I.9P ^)!)!(_.?__/28H"><%W&6_NVS=U^\ M_0SA-,RB.'WXVV,ZP24F/_ /_X"^_N+]VP"]>6,@]V><1EG^\>:\D;LJR_4/7W[Y_/S\19H] M!<]9_J_BBS S$W>;;?(0-[(^WAY^1/_/^Q/T_NV[O[[]ZU?OT+NW_T#_>(=. MSJZ^^+0DQIP$):&C/Q.RM]^3__/NZ[MWW_WP]NL?WK_]_PP_6@;EIF@^^O;3 M=V_?OG_[]NW7G/T_DSC]UP_T_]P'!4:DB]+BAT]%_+?/6J8^?_5%EC]\2=C> M??G_7E[(J;@^ZSZVRK'2[DR29Y_2?F_3/$#Z?&(?NA[ M^J%WW](/_:GZ\T5PCY//$*4DD%3:]7U'5L7TI6MEKW$>9]%I.D[K/K-:NL4YB]JEJ+)U\\K; M-:%_O"#_ZJB(/Y5DSL11K205H?' [ ML8JAD-]*SL",WH=X\RZ6V,Y'+H+AG MT+^\>?NN%*R\>$<-'@$:=O M/MY^]C\X*=K2HE\I]?_^SR^W7_"',Z+68Y;>EEGXKTO\>(]SA>42.I=X4JK9 MQI! ! 8W*LWZ6.%TB!&B7SDI$* <1E%,(]<@N0[BZ#P]#M8QF9"UH!G@<0D@ M(_7;8-(R@ &6B99]D&UY$&4BZS)4L0&#W TN@SC%T6F0IV0Y7FBQIB)V"3*] MPFUTR2G!P$JKGH"G,-P\;A(:.:(3O(S#N 0&I&;:/DZ"HE@LF7\U":1$>B]! ME$IM:0#5)P8#JB$-A0N 3:D=!M= M*EHPT!I0L(\K1HY:] >(@H^BC&BQ1!4KXKR(8XQP3^:L;'%U]YR-P%6+RS^N!!.& M<=6P ,=57T\[7!%N8),@=:"+9F-H/.69?5WLL#;$S M1S6H<..?E)3>H6.DGG 8T]"CA@&8 [K!;"OM.LC+ES:$CU[:OVB\DHT M[NC MMH9U=TQ-N;TC<[3*?;169(C1S>O"+O/3Z#G(HY^(!U7[+AF5,Z>E5K'Q5B*) M=S#H]>KW^&7^!>*DB-+.'7-?YB?!4QS=X)!PZ+I=0N:PWY5*MCI>H('2\RK% M9%W/:!$G=M3WET&YPL]%E@YVOT#I&@$*5?L@Z)&!PH%<-S44&GI@0%F6^&=B&45*[Q,6 RFV0 M*$C!($:O7Q\^#37:DL^[5CE;'%W&*69W1ZYQ?I>E-W331WO^,,SC+)HQ5;^) M:X88O /'1DL!/HLCNB6,^54@1#@1846,=])CAXEV9ZA>NLV7[>].]U;Z:G6V M3NH?O0-%I9&P\<%Z'U(\0D\M'C>/VI"D1^.R_Z7JM3'0(0"# YE6PF*(T\R] M'%:X+^WAXS"/[TE%?? XQ. =(S9:6DTJ4YXYJO96LA>BSRU>!SF[[FEP+#3( MXFZWQ4SY[;:+GAX&D,R4%'P/XT);MAE.C100NL@V#QA;06B0Q1F$#)5O(#1 M#P-"9DH*.5J,RPN$>-KAT6$:52F+K=17T_1F>QGNLFU&FK?-O;$4 .&([56 MY*0>(2)HFP?=3HZ&G:QZ&7P:#LB[-$X# =63JMA$F1T\SMO0Z+ M I?7Q+@5S8D=GOWT],Z\DHG:C0?2$7O'A*F&PGTPRH)J'K!Y-D>;@JP0BN(P M_/-1DCJ\\J55MG7'2TKG'10&RHFWN"@UHN2HHI][0FJ\((F\@L1D2AKB M< 80,]4;G.C)8<#%2,<^:II)B9Y_4S9WB[&?\$M19BD>="<*0F=8T2K:0$1* M!0,9.M7Z@*AI)_:#U&S74#4U9WEP_LC-E>13#C M\PZC$L]?IV[GGK^,T#M>3+03[OE36KKPV5+/'!^L8KS\@+,D>X@+W8:_E,Y=G*!1 M@\4.S?M%I-=[YFZY3RW>^SWD?4^YL M%,[Y6PQHRP$J;9_M7BS6U&9MII"$SNW&N4+-[J9YCP@,]E2:B;6@Z%X2)YR_ MG!CYUB^L'I!F*I=1.2P7IE*Q51ZL3^*]T_5ZR;N\H@0V@=OM;AMSN7T7P7A7 MVY#%.[[L]-15]X6]B7V[N2_POS?T,9&GX6*K2FJGTY1>YW?P8!#HI20CT9OEU&:>3>V[IZSNU5&?J1W1BCV,$[YLU3GI.E3NH"C MFJC#9$L!SB+H488UP;45MW=8C5:Y#SJ*#U2]2M9P(0;%F==D5_@IB )Z(O S M^>J&M,S%Q;$:=5IR9Q@S4+I!E(86!GZ&%>RCA7.P,SI4\QP@PC4W6!;+91SB MO#A,(UZU%6/-.:Z.VAE4AE5ND*(FA0&40?WZ.*D9V'W"AF7VJ@W$=9W$.2N8 MJ$&'E,Q=;0:UDMMR#"(-#""H%1,+09%II"&=O>>)B62Q7VR24KO#)Z=SU_<: M-;>=+R$"TOMJS83N)Z1H2SM__^/XBMKR^@KK[^Q0.B];*5&L5JVW_#*.GI3K)BM-612T\E60B3/:5 M_CI=L69*+LG8-$9S!I7;2;?L!(-&$+5E@,TJ 0U MK3#%(I.9(75:D)Y[-GG^14[H[O:53M'M72L9%0R(Z%03[E$Q6G>7?*M:N.F# M 1#4M X7IGIU6ZM3.2$,1 QHIRA8G#[,7)JDP.$7#]G3EQ&.Z3',U_0?%#-? MMTY?R)]^N\ /07*:EK'T51\IA0N$:%2CN)#\[!T-:IW$ES,)%>)D\YZ]W&0% M =@J2 [3J/GW>1JJ'<,0AS/W8*9ZXR3TY-[!8:ZC<%VM)D1_#A[7/Z+F?Q_0 M\Q-@Y[@_!WDF2R7.*1'O,H>5Y.Y M6Y6HE=RN240:[YT^H)BP'JDIG?3\21;RQSO2B$G2N^UVJ9A\ '2)02)!IIH0$)R8A1,2JB_E MQR%1)*+*G"7!@\2NWN^NT"!5JT9!YT<0O2_32+BW6],@2N2CKX\W>4YUC(LP M2/Z)@USM#-2DKA PI&P-!A4="%P,*"?P&CAT2$.!0ZZ4(&ADIJFD]KB>RQ\T#;7=Y0#]]^_)X MG\EL[OWN"D-2M6JX='X$@0R91D+-)TZ#.)'/50J?^GA@?$;^)CN7U]"Z7JTH MU>VO6 1"$-@8TDZYNL>A-'?DQCQ^KE"0 #8Z0O FCXO&-OA+)B/9R*E18V M;)A1S8U^K?F!Y JPQ[R* 1CVB9R6DI,JV*G^UJ$ R*I6L)>S>WMZ=TM)"A4 M6P-&B!!HW0-#H:Z(CQXA,)C(M1.V;3[>W)Q>W2&.FA]@P.8X*%:':43_0XL. M/ 4),:0X+(^#/'\AL3[+V%<8;\CKM.*6C3F=NELFC&!@9Z.M $/"! -[5UF) MZ17VBRQ(BQL<8F+(?8*O<%D-*(7U!GPN,6=L1AMO@TQ@L&:JJ5":@O"AO*&' M ;GK'*^#.#K]M,9I@?4P4]"Z3;34J-M-MY00@H&03CLQ]9+1(LR)"_888%B= M> 1LNH4!)3[U+Y8G<;'.BB#YD&>;]7E**_K21Z3(:C9+RSC=X&BQQOQQ>3W> M=A'H/G3;Q7 QOALC#0R\=S9!^D9S@58XB= RRU%!W\)\4X\"2/ W0;1'D [B MS@>4RJP,D@O3185J*YX*0?5)\"$XOWA%NLAB+2HC=P\7M=(B]X\7&BP.#XMUM,(SBDRQ]0"7.'V&, D-H^\6K"0B](LLP MIA_$# _K"1F-R, &]UH;?2!#C0>(*-#V/:3>OHB#^SCA+TVE_'F/%7\8E!>H M'EC:F;.[1(RM46U,F?*"F=4L%18*L9P?'IU?G-^=G]ZBPZL3='NW./[I[XN+ MD].;VS__Z;OW[_[Z(SK]Q\?SNW^" ZS92;B.P1,H#<[$U=00@6=W.MZ"')!- MB,,PS#9I65P'+_0@:V#+4T'L=$[4*MR9(Z648$"D54\(MRMBM.;4(,%S@Y.@ MQ-%UD+=&AIGU"E:/P-(:HX&9E \JZ'3*#D&0!/$Y9R=_RXA3DX,"69:#278HO0HV3+ @%/+@@D/PW>6ZBEZF^I8?$>1 M8& ^C1W"NF0K%?8IN;&3]>U=S=RJ9W\ZN+]B[$V[Q^<7@'VJ\4'Z (\G,)D= MJ6L9(/HRX\/UB\75AS?H[O3FLKVR!8%@PA>!]F+_U!Q*[2X6(_-U, ML9G(@1V4M50=;B5O^!T (MCI6CM/@YN?:1F$N'QDER[2Z)CA_@&GH1H;6@ZW M;](/JMY]CUY)#L8[#>LHOD/?<+#\\@X/#(A9G[9!.5^S.U';@S,TZU,S]2D9 M G*D<4UD83(O\Q-!W1T_*:7C*S J57L78/ID8 "DUDUR^853HH)7V/F/MU^\ M??N.[AZC)_9VTH_HFX.W;]_2_X^"3;G*\OAWS!S8$\[+F&XZW^*M M%G9-A#$E?D1?4V'OZSH^AXV\']%W!^^^>\]\8T43%P7=?J1_R;;U?E!0T*OR M_VN3O*"OWAT@]GHUI3EGSBYB,G(@GAG)+_N.[=]\=D ;\"XPA MT:J)I+WS*I"YGKQE2O9G[#8-F&&@4$PV-Q.0J"#[S=<-_B6P???^X.U7WQQ\ M]^Y;AL)O#[[_BOSEF^]1P6EW0C$,H!Y&$2M&$23701R=I\?!.B9!LNJ8047M M].A&KW+GX$9."@;$>OV$0YN&&M%+C6_B%(6< 0:6;G 9Q"F.3H,\)>.@. S# MS>.&G5B>X&4K5'K@DS= MY^2?JMUA&:$7= B*2A'24,%#25\U#5(H*6*T0.#2W2WV8+7 M:)-)S>QO[V[((/5VGHH3#/RLU!W<]&MV^R#"DF^Z;/=!BJG USH;XS]@TO7FA[(Z=G]P'#9* MC4LU+U" #BH\B-2D?SX* ZBM,SO+]8@1IZ>S4YN5B $;&%":ZZH[= 6W !&> M*QI@H)M79Q MB?**!$:75W>UTH>J.O_0:U(:>I>@&%2[C1(E,1C8#&G8QU%#W[R3L//-@DT1 M;!A(WOZU@LC'V\./=.*D'^"%+].H*H=R%WP2O,0PN0N F"I-\3%$ZQT>A@I* M(I>&@Z7/U%5H2LH$P^\0H"<9OR5:85XQ-&2$+CV-6M&VBQ&IO(-G4#7AC>_Y4IV-[F[-& 0HE!,W+3>DJ$EAN)) M/F!66YRXQL/H,4YC.G&6\1/6NY5!+I?H,32A#:8!%C#8,M.S#[6*BTU>08>O M"7A@@$\(W$P#/,_ALE&8#"NA6*6>/(,X$R)D8(#AFP$763$(F3:E%]"(JDIA MLR4#"AQ!0?6R*B%$B#9'#:0LK?YW5>6$$FU_ H*M>$#M[K/""F)8,_*0FHJ0 MKNWG8&!J&U&/+HY/.PQJ9[PX6B@$WL+8VUT3W[/EKG MV5-,=Z-8T<"8GZT"VN%N&JCR;4?9&MS M#["D&Y1-(<[K+&;DEZ'OC/<"XC\&:/79I M,+N)8LR7]FU.V,%&2_UU, BA_709RS#,=Z M1RA;HF\/WG[_]<%?OX52\9%8/'@&TZ-QNN\C4Z^SU],F@!4OR%23I4+24Q88 M8*CKJM7WI(Z"(@[).O8D3C8EC@:F<&-NIXE+=B9ULIG,6,$X.#M]I;Z-.#(2 M;_*,?RKB -U3(2P#(>)B8"!U.!8GK=!K -U%S1WDP5K0#9AMMV93" .#^%TM M>/6+KET&P4C)4./8T0-CE%B@0V076]2#I?MF#;3Q,C MCIM,004Q(X(7,/@T MTU-^%$H#9RA[T[_@^&%%HZPG@OX'?+5YO,?Y8LEL:MVR- /?6&$N,;F;P6VH MCI,$!L$[J=\'=BT,!5Q:)QKO7+Q%;Z#&YH=D5);GS>[',5']09D2K")V6IE? MJW"G,+^4$@P4M>H)^4K"_I36E<[8_J-KB[]WVO(DKHFSZ+8,\E*W[:/1L]\% M1P'YGR&0+![3&@V>"S,856/P6X+!%"B&)1@JE-35%X"@A:*3TR),9 MSC0\SE_UL#$#,$3Z9C 3 BFFO8A=XG)Q)&CY[AX6?VB[KVO1$O %3* MS3%UCPTC=&Q*M17JZ%>KLF6S3&/OM949NL?U*VMT7RP,BA5HC')#1H)48 : M4H5!QOYS;W J5W<7H.Z/4^7O?=*$U<6R]?;G+0X)I>:)\AUE H"WG?FFSGE0 M(/3!8&6%6"^FYJ/C9-U[-C9.R6!I#Q[0PX./]XG'A[%0 /$L@&,YX6]'R)V M9NPX1O9G*N%_/LOR6YP_Q>&HJ4,B \!(T)MG.C4( J#C7*NUL!5.Z.@6FQ @ MT9@H",.C62D$ )P'##1VY'L':+W:.R':Q$W#R?%U>^BC MZRFY7F-2?"$>KGWEX)-4H+WV:5$(/QFD:**E^KI3,9I0),2YPA<.)IZ?:L6O4 M$8Z.7CX6.#I/FWI:AV$9/_&WH/40'"/(\:V/MW M=':Q^.46G=TL+M'B^O3F\.[\Z@,Z/+X[__G\[OST%LB-R,/HOS95R8J[[ 93 MF,0)[L1 =]DT^)_G4TY3RF9LK$Y"V@S? 3/*9C2N/PY;GZ*G(GG],916T3O] M*_TW/2%!&_(5%*>M\II!\R$@H[5.IL91NPZZ+LB3$#O/ZU(J+,3- B48U&K5 M$T,;NBB_I]1TG=Z0>UJW[)P)ZW8%\X3S^ZS NO7+@)[#2;$PAC/Q>#DF*#G! M_+\M'W<TX@E@[$QJRGU-TJ87U#;&*P'N(DD M-V#_GH,]Q0^TR*G.">]DA>358,K:7%I@H.=5,<,-$49<-Q\-,[T%)!HCOU7) MC3CF*O4:9A=!SMX/VLG0YF6A45*@ 'AG"X1U!O?3V5)Y:1:]J6$,U7F?X'56 MQ.485RUC]>N8U<;HW;#(!P6S(W3NHY2LM9/@D;^!=)_1^X6<$X1'OH41HQRL$E&0N82YX]07>QA&&:;M"RN@Q=:.Y*^&\3/ M["^VP;WQL#<3YM<-VQBL=\PFD@ O!BW4%Z!?L:(UY^7O1E6Y'JU5H3,O;F)+ M]9#C=2"!]'1B/?KVT8V@-TL)XF7%<(A SN"0)WJ;2]A?A@[&Z.C[>G)^C\2IK6 QJZ_'V:"7+6 MM(( 0-G 4 -(:Z1X=]<[JSZ4LW9^]?/I+4; M6F5-^8;Z )/3%]6-#.B\KZ[E@++U9Z6MN-HCI$5<5M<0'SD+RAD/#."9#[:= M1RM4-[J;^]R+B$"M]V!$('.:H*%[%J=!&DX0$6@% 8"R@:$&D-9(@1X1#*L^ M%!&IA'_ R8_LK^H9J^1PIQ& M$#L9W(DL1DD"@_:=U-?=K^V503A@>>+D[W%-$V8%D&0.>1L]"(G5>BM#XNN;Q<_G)R0L M/OJG-'* 5]J+)D>Z'_HU?.G(*'K5EZ;H;\9KF@R.Q$N(3S&N#:(;?AAP7B$ MYC(@?WYR>GQS>GA[^A>RLN/_HJL\BF]/5WGDAAV209OG+V1\L@(YYGW98X19 M>MU.=>DJY@VZQP]QFK*7GY:(?_AU=B' A]VBBLZ$-/[ "9=Y_ VYF:]3E@) M@R"IJQZT,ZES@=.,%4P\;J>O<,7SX_7UQ>GEZ=7= MX04Z.;\]OEC7AWOKC:>:-$D;O!HC5ZYZ955$H! M/ -Z9YD7)FHWB14Z8N]P,M50<&OTRCF[\D0@!V0;K7Z]GIJBS&UMD[A-+Q:5 MZR8-;W_WC@J-4L+ZOB*! @%:A.$N^(0+JC-9#RHM$PG=OQ(I4U1\]+%-!0@: M"M5$@%!"5%)*&""II\LKTDWDG]L#LS22[!30%+(D*S8Y'HB(=A?K>G4]12/T M0_Q=9((!]T2&6$1=5XNK/__IW;=O?WS#XJ_62>S5R3Q'5ZIL6MG>[EF6M_(; M%DM=QLIH*>[R9D>;N$V6M1;A'=N[Z6U5R[5<813,F0^CP*Z\RLUAGM/B%'2I M=/2R):FR? Z?@SQ:K%D2[P="6!;G*8^ K4'O]//.1HN'1FV&F<-OPQB?[@WN M#VPF@8Y8/IPS+M?KL%8Y+?X0EXV;JSF\3S5=U0>G%4X. Z)&.EI-%X^,TWD\ MPR[B*8K1V[%ZAY/"&(-PI<,'I4[:")U?P>L)B_PA2./?F<<_)CXW2^*(NW^6 M %30K5[NQZLU2) T18B'TAXGDNUR@3II<[17J9,(]NZ+Y["F/XC:L@]01SJ[ MS-R63P=:\P6T_02X@MA'FX($+45Q@HLPC]=54Y& *BY8YEUCT1W^5!XEZORS M,8)<#J#QAK9'B[T4,$-CM.JZ<<" WY)(<5]_" ; J[H#]"2'#-?0H+*UAL%I M?>I!Q3O%7I748 XJ**B9 3-\Z@YP/G/V_@AC9=Q2):)HGU#/M.4V6G2@)5! MG9P!(TXP<+125]B[WCP^!OD+=78?*H&K"8^C5!M#-G!M '86VIRTJ9V/(XP<0&O7EV) P@%JG&RH[+W"F71H< M9X_W9"G#2_SI8R<]BX]P7Z>\++"7T7OW0Q9*"D]^52RHS0,NBI(8-NS8;)D] MPV_ U=EQ0H:DN==K' M#!45RR7SDH*,#[49P?E"E87F#M%* @1D&KI&"W;P>#5WDFKHPL K?^5UP$/V MB5RB3JY@&UA="C#8D:K5AP K[(2F_LP"W[G3Y[;F*5_P5G!# :! MMAI+WTZK^/\[XA)@X/,TR.D%0GJ-E*40#?DO);E33S:@=,>G*6C!8&M 0<'/ M5>2(T"/& ,[G]2T:\G$:>I^HTOHP)3%87 WYJ"M<(OI.*0,63Z[A^((!*JI1 MS)\]I==N6?G>!YR&5G/T[L/X[84M!7#$ZHNX:>IV&RB<@0E#>, MN>O>7:SC$3!)(_2&Q$XR(8V1*0S1#II;_,!F 1ACXG9S7^!_;XA"IT\&J>9J M58/1*=TN_R&G!8&Y 03%5JR9'G!Z*&"RLAE, M>[B" :8JH;N7TOC"_^]@*H4AL]-4"BN#.JD41IQ@ &BEKI#G0YEI.FKG%@H- M,B_B?V_B:(*-=T4ZXL<"+Y:G11D_!B6FX?%A46P>^459/>KLV9TE*8XPJLE7 MM.#UCKV1"O?11R10[#4R&/!:4F"XQK,@SEEYPDL/Z[)^**C M:)'7FP.+Y466/ES$3SBR@>\X44[+UNU@;*>PW0@Y8,"]@_)"F8)&%'7-5,2; MA,J8".$F]VD,(E8]O9][-$,QJ8X8RNF1J:+[<'?F!C_A=(-O<)@]I"S!W<&L17W9_YQT>%H2CWI-S*E& MEVHW;(PDI[N/XTWM[$O:BP$#W_&Z"WN95-(;)@JU9<% =5-W%N'WZ;)R1W0?0[&2 >=(Q<5XC\ZDG>H>'5F.'Q_: MN:Z&VY>AK)9\@H[ZU1Z98^Z3V8JLW(8K'&T2W-2*)=V^QCFM_& M;MCGY'^ET44YEXC@_Y&2]3 M-Y1\($WU%8 C;&+3M#%;ZU-H^RU4?PS13D:MS[%M0.$J_^SK]YOL)4C*E^O@ MA'E;N)*9)ENX[-.X;M==6!LF)'%3^TB>!L4VYR?!FG\>/F\88] M65R]752<97EU72I]N*#OV>OWF2:6[,"* M!K?@=U^\T,(LL:ZA 3,8V-MJK*B&F-4,**X>9$=D@&"TYOR.SVNWI]$E'Y^T MW)3\G+U%\-M7;GKE>]XK*7Z@949EI[1Z]63UM(AK<7THWE*2OE=]G6=/,5F M'KU\+#"!4A,@;1^J5O2 (;>K0W2K[K'57=9W](EOM*&9@#%9K=O,%E M$*+UGH;/DG:2:%$6<%L:<3* 88AP5 M=,NI_8 E<>QY2:\N79./X3S'$=O"5;2,M127\_-($]MHM10!9JX>IWK(T*\T; MV"QG9;$IBS)(Z6J:G4(4RD6B!9_3UZ]-S>@\?3W$Y!U]&:%"5HF*\:=EL-UJ=,!U?MU317DWF%GKJ.L5&GSI'H; M9$^4'P;&A#Q8LM93-("F&D]+7-,/MX/:NU8G4V#EL8T,Z$AGWC5,MO"SXG;\>8V.6 M\'J,";-WR([56-B-W#S>XYS&<&$UP3+..J);9CE?/%12@$!7FN1[2',3'_B9 MW,N6I%H''3X'>52E +>B#6Z_JG&G_X[_Z_L3--/PY?X=/@)G:,UDF7H(9IR1 MKMC7]7Q2CZC0:6U M.Q*LP\P&CL,X*6@N@S GT.^^_H2G)'<:M0PHW0D^%+3>?;*A@D(>6,!SP#BF M+)SQ#CL5528W/TTXP468QVQ2D*V1U;3.]B*&U&TV'U2$WK%AHIU0':-*M\]Y M189HRS O*O2G-1(BUSC0G,,(%*!Z?O"$I>[R=4,(8U*IDHK Q(OX*QHD**HG+-IK^5M!MCXD#[*D2%6K]JH4# MAWZ5\X>C=\JE[""?VZ0%0S.Z>P@#3&!@9JJI!GW-.J_R3V'-"QJ'W#5;@K!A M H# G@$&\*LXH&.OJZ9Z5A2GP[ 1.--JDG^\JLY3_!TGT5F6GY(U;/8L6R)I MR9VM, V4;M::&EKOL#%4AUG7X)'-4(VU6J4S\W31-T'.%N(KU#?EH[U"/CN6*HG6G[X';*XUI5[94= M3ZCYC'&>\B76AUR\93'?9]Q5=9FOD;8E8*;_AOTA$B,7 M<51=K&V>,U0<@-HR._-=U@8U'LF8$X:?L557O)[;\%,'L1702J>8_23U'YN, M)PQ'K!)^'.)%>A*4M$ VSA^$+$-#'F=@,U6_P=@0 PQH&6K91Q1GH\G;[)8) MWRHD>"I7&$6TS@69J>B_N1 8BZ'Z^J;"DV]_]G$Y5C83UK]Y1XI"(=4;H3"Z M^R).Z67P'$=Q>1:$M(;WRV7PB587.\IRLD0GP#T.UN274O4$F9T(E[ 98UP; M6C;\8. W0FG)NWE9\D1=%OD \U(A$X<>N1QT7PM"824)+IK/J\I"-\3AMD\# M+9I/+<(WFH>,&T*SBA\TF@>4[J/YHHOA3J6I W"I,;>K+"_O<+X=K,K+4S)* MM^>Z2E6[![P"&1AXJ77KHVA+,/_"\X36&$J**[HS2"LV]Y^-4JQZU&P^%IM# M1LB6F2H>[WBQ5%2WM'R#FDJ-"_$QE4/Y8RJH^B ,'W6T*8A/+8KC[/$^3MD: M67Q\AI:V-7A^YGB3YW3#CU$J1NF,WW/I+V=OMK;7G>UCWL>B*PN%_4A.@P(^ M9#^/ZQ*OO!0?B3#^X_TWWQQ\\\TW?WGEPW11KI3W7>?^Z*L8L)T&=#)JV1=? M_]!MFRG<4Z2_5:-WIAAN2KL4&W$S?L=9E#AG,S5AY1P?@7*N-K>!L/P>-N8[B0TB=YXX.:"&MBF^BQRH4V-E>V=85 MXM.3.D/+@+(-3!1T,/"A5VX &)TWLN*4S'#SE^'=Y0FX]E"XB(G_C%@HRW_ MJ;*JC!&GVZ?>C$WI/N\VR.8=E?:Z#H$TV?)6#[E19BB7(/G53UEO*4CA[%Z: M*FIRZY%?7(581(S__2S+;W'^1%RD?24Q00*\+ARIOTWUE*)B)JN@E,2OT#J; M79_ACD."GR"^7_/TVJA?QLD0:Y.DC#@?UCBD538R^B=7SZN9?WZ?7EVS;=0I M'V,S_38<_^[68.&]EDZ-,ES)H">B]"TN7]/"?C[[YW;R6/.)H SR4CN!S&:F M>DZI6%&+]P =X8&$CE0('\F-5'T9TPP$$ MTSL.[K,L7^*XW-#]J51;*&J6+^W35*)IJBFG$LEGX(RKV6P;'G@5[^X#;Z;" MX,5M>GJ11 \QMIN;8F>KZV5745V='\_%FW8"7?V:B'C+B8(283X4UX-#$3"H]F(#W\=NZ\P@M+;=!)WF._K[,SFT M6N073!\Z(JWVA//@ =<; H,OD;KX^CY-))9-.E.LI_OT*S]=,3"]/]QK%E3Q M--MAB'&]EO.7PFI+? Z',*4&H)S"]$UKY1BF^_S^;,I-;K.M5X!U"K1K<]7& M>1W_EDKLE0L8U<"3>@$K#5Z/(QACMJ4O.-B[ [2A1I.<:?AP"-9J[)5+&-G( MDSH%2QU>CUL89[AMD.#]?&^H&83S%XMA[D4#.">#LS2M^;'AI)_W/J[]V6P[ MI%_1N2/4':I7N"=M:_I.>U2O^QS3PU:U\==!Q9_3-NE,)Z%@9B77YZ-S;%3O M>):Z/^Y@^(C/@Y?85:E]Z#7>%ZN/5-@/]+WY,^" M.&>U9IQ<73'08I_\RL@FGN_:TZ *WI?.?NVV]1#-[T'U^Y((Y-63:)!27Z%] MX*=K*&(W75"YPO#BE_OAMKZW7@[>X,<@IOD%QUG*7L;8! E]V_B]KM==:^+< MH_AI:L&KN%4#EF?Q8ON@=VD$H)8$=!$O,?K\GSC(B[_,DK*CVXYWVE#*;53' M6KC=EO?2Q-VM>:/<$?NV>Q N_F&O^34#SMA-#Q5JU7;)7.^=6R<#N_&3SP3V? M7WL--_.L6GW-^[!T9N+PM'FP9XGL]BTR6/AHUD_N^?C4%U.:\7M0JEPXM-5D ML.Y;HKE]J[02<]UU1>>C>SYD)0TX\Z!M??$U3ZVBF28CUGL*N+VA38JKH]5$ MZWO[O.(4FFW.I6;S,>\CSI6%)H-M;Y.S]V$'\C6E98^QVW8/OY6C MZFBD=[ZXSS. I.GFG -:GX,S--T9*QP+UJ-PSOQGE^.PG;?IK)6[']WOT2AK MP'D'9/N+?X0Q*;%7,RQ?55*P&#F4*YS?K8*JM8HK^M@/3<)VGBD\J6I[L1TR M0V=,$E]/J->KR@"8OEUL$Y'W.75@L/5FS2 8\77X8<3H)MT]GK#^])YO^8RU MUW:$O[+L@\%F\WP]:7K]7D?DX?-*T]3*>?<\4%O$NF+81%D7SB.+Y@!ZMH)! MKE1[!3')J,YP$+!8Z07EK6" ;?+JZQ".;LW663R\0,=.N=<1Y8SI$#]#V''AEH/SKW-D?DC[/&_ MIAR;.=IELEU^T,DYIHN)R7-T[#[\"J:J63)V;+X*9[P[M]EZYMJGO!Z#]I@M MOT=.F!#D?Q;:;3_[5>05CW2J\]ZW+'\8C M[+R;)*\(^%R'[_M0$G"6AK6OFS3YS&K#+2F M?O0\95Z4!+J+)?>=LG;>09BS,;ZSPQB6<_M M"I2/%>;2=>QF<-O-C)/D';63J"^'=TE(YW1>AVE*HLIJS48FT\,P5WLQ.;%; M=Z93N.O79)3>H6*DGAP* 6- :\Y!SQ)00'A?1'6;+&M6+'A;,_M&C M,F@837U.X.A2J&N%-E12(<0MI>B%B/'BG^Y6F(1VRU)X*<*<#0+J^D:8X*WF M 8^TGJ*V&*O99X+6X4..VJC7TYG3/PZ-1LT"(C@@$/C6;"6JTF M1=&6=O;.WV#5HDVD\=#I7?4D'B\H\5 N3YHZ+D2*H(DR%]F\@E'6;HIV)$5CI1I<;O -#K.'-*;XO(P37)19BB]QNLC8$M,SQ[NIYNY)LKZQ/1TF739<5:4 MQ3M5%EN?RFGFHUS%3NYAE\0[3/1Z]2'24-4KW[GRZ.KO7&9IN4I>SK \NU]& MYBYG3*WD-E-+I/'>Y0.*J?O\D9.B)9YKZ[;MKPPQ,,CB9;XPP<8 /0R,H:2]XI;DC0G,?T8ATC8\O%#WE6*)$T4IA3 MO.UD< >5HR3!P>XNZHMIO34]*IB J;8,%'/I679_&:>8[5P0O>_DYP0R*F(4B)&RDZ*[F8[(-C.NS?92Y"4 POKALA#C-13 M4!(5510P^ENEEB;RJ0AA3&*]/)ZS#2U+1G 9/VX>JQ/0XF2#CS=YCI4YS+9" MG)XLC#*P<^9@)<$[+'=2NP];@IKO]@JHY^G=<\9N$NS6+&TY .$JFCD"L5LA M^P9:07,);K_?-]R2K^)ID-N2!!.[@JGCT-N(V4/\]G47$?S^[9XA^(PTY20 M;@D"B5_!T%'P;:3L'WK[JDO ^V[?P!L_3>-]6X)@@K=OZ#CPUE+V$+P]U27@ M?;]7X%5F#^\@!R!TY?G%HX7L&W ',Y#O)LLQ=HK>W5H%)%)WP*=35);T%O'% M[M"$?TGY)"[661$D'_)LLSY/Z15L8A7Y*^ET8M\&1Y6I67H<%*O#-*+_H<4^ MGH*$6JEHH GDNL3O9,W01O;.0J%4AIG:H/YXH%1[-QP.PY"F_1576PD$>B849D^WC>%#8T$=_31;C8C]1SZJE538> M%@6>(K"2R02*?+7Y([$O"MQ']"NMZ..?$:*04Z* D>[=&+C.,_+/\N6:F%:2 MN8\&CFNZE)IL)AC^ M#Q8=HT(T?+D/A]'#N&-@GY*!4;"M((X9IGCR>5*P+$ M&>8542S0H:-MA%UFE[[,/5ZMZ^R13S60IABN[F)I8;"BR49)LVN9D(975QX!.$2,:;,=-*X,O[6/,96^>!4&<)YY,U0).@OK-$*('5I-;T@4^):]"C M-RAD] 3PZ5Q71RT,(7\L\_A^PY95E3W2^6-*P1 1/]P08U"OENI]#IC+\YI6>L=C>X4MAXI"]8">T+!0 &O,'PDWGO2]A'NO/W^ZX._?OOV M+V#F#8E?".*4.H1%6C!9_4KF@2X8[GDPD;I#>W3"#9^Y"; MQ1QAO4RG'-HQRJ7R1"-M[ER%\T:U8Z:9-.J04_[VE=LM$9SK\VD&M!12DON= M B12OMW<%_C?&Z+7*;@@P[$CX4NDJWPVPN 6MJ M1!N?0SQ@X&BHJ' WH&)#988"SHCN*TY/0;:VXNX5?F8_V9<:;CA_>P\E^VJD MWD*>U>;Q'N=T@12V?4G,!**(2:1%9XE(B%W*_T[Q)_PXH/Z9[#] 3%0HC*FCC]SHGZA&S MV=]4S:2F=[I\&E*[@TL5,9B9?TA#805%?ZNQM:8,K"(YPYPG[W&>ACFM.G2" M^7_/TRK)OGXY0M8S@TSP)GISE<5LC&@3DOZ*T^;F0%'QS/W0+'UL^X;H@F_+ M()>F1RM)W3\[*U=6?'VV2^=]+!LHIWZ+EKYBCG)*3R(_PN ,$*=I/[E&1^@1 M#"U%-5 @5%"!L%7-" 8XG>M%$1+$$)=S=$UH<)Y7[YX$:<3_?M+]^R6F 8W, MPE%B'+[J-MK(UJMOUC)^B[+0&?C(MS84-K),YQT-$%^/HQSH"#4\B#&A/P>/ MZQ]1]?.)\/.O7.K.N[HJ*+.XJT%!XYJ\DMA]QIW M+OE]]C ;AYN<79Z\)N:M2+1F$FL/,SG<(S TH+4C,, !"R2FZHJK_9H/U8SN M@G#ZW@O=4J>51G!$2^B2I69>J"$UP.#N&5P3Q5L!I(8:%HQ,5!5#R2>"F88) M-5QSPZ?WGO.'/$A+#7BTY,Z@8Z#T-LI5T\*"S;"BFK>U^?8AYYD;,J>/ZR1[ MP;2FP#(.<4XKW!]E01[16Q(Y#O7NQX;;&:#L36KP9O?1UP@X0+4( M=K.,":$I'8V8N0%YE:6-,FK@R:B< 4RM8@,DD0068)3ZB470TC<-Y=Q]?_>< MW:TR\F,:G2:T?@.M$%V^D/4]L85,JK1P-$%VBXR^[EAB*:$:/+-\QAGZ9FRD M!KXS? ,6_N(P]D0,%.]0;.>'!8PC705;X.S&Q!VMN- M#PTQ+/ 8:"IL=["UAON=CJ,\CAXPJ\>J1HN$R!E$E HVN! H8(%!I5X? 9R. M;7W/[R[JP] L?[FX.-:EK$@)'6:L:!1M):Q(J&"A0*>BF*["SJ Y\0$BY'/C MX2?\4I19BODG6;44-28TQ,YP,:AP@PTE)2Q\#*G9QTA-7Z$$,0[GZ\(F4N:1 M#PV7-=.(%;N_==RP4>KUF9H7%MSL%9>NI[8KI2KT97QSP[#Y*@N:^)?5J--1 M.P/9L,H-IM2DL" TJ*?X$F4-%A[L5I!QES'"0BOML;^&V$>6B%QA67Y(EQ(6 M4(;4U.6$\&CXSW_Z[OV[=S\B!PD%_RM;I6=T[16D/Y\$99 'C\=9OLYX;2DU MVZD703/Q28N%ZDF=TVD<88@ ME7H-6OH$L)"AT$ZH)L?)$*%SU-\D\AKL[Q:-Z_X6U.OW=T, LK_[VJGZF]#- MGE^8QBSM(-!NKH=*YT5]_V.43=)V/YRGX-(O3+4J"/-V&!UI)7.NH"^Z51('6GR..,- M3HCGB*Z#7/'FY6Z28'7WKF8,O5VI>KH2O4$Y%TLH\_+E"S_#^I&6[.;/=J91 M9>==\*E;/V2(%E:/#BLJ*2C8<+#^JGNFI$Q>>J8N@;A8MJHFGF4Y*U57Q*R, M^_(R3G$>)#?QPZH4.\Q>!*Q^'*V_L!M7"1+JO=$R4>4*\S)^7"*E>>0R4NE^=HW[*"APU$%SSHI5T%8[>MF25!4)#Y]I]B7;:2QX)N]YRJMJV>'&X;=A M (K(T0"*V?&\)EQN8!QJAZCO$B3I'R=#1\L?-@I;>6%F@I5E0P_G2G4 MVI*^6E"P&OC*N'"4%& =O8,)DJ,@)@-%E3!6D(PQ4B1$+<'MAQW>H)"+W0,D M7&7I-"MIG/ A63 :))$L?6-$J(*"P6COU'P:>2B9TJ(PUJ(^:NQ7%2068 MSVOH_*6N5DSC@QROL[SB!OOC'UC_U-$3( M0AP_$3KZUZTH"M/L/HD?*FC27YO7GXB2&[;;<;\I49J5Y!MQ! 2Q\G';ZHE= M'9DH"CH^+>TP(@];:7N*3,V6'UFI;-P M%%@Q4X=8L:.*OWH'S'M/TG/EQ?*7E^R1A)H$;>3_LNJ!Z@2:819@/6BJKWBW MB3"BQ1)5K(CS\NJ*QJDWSGM.G0HSS+(G/3>4+J/O.0=)-+>8=%]TA]-_XB"G M9:PU5Y54I"YK.>F4;5=PDM$!PXQ624FU)D)-G'"**#VB#+/?1EG%N1DT5)3N M[IAH5=U>)Y&2P<*%5D=Q>X80CT#%7/W *VBP(ZJ!R\9*2EB],:2FO+X,NUCL ML*+Q3X&^GG'[=X?5C$6U6K6,MS_"ZG&)9F(=8T1I_!8QSG(A2P>E^EGF3(-81^ M4QEKKWZ"BS"/UVW#Q#=K6D2PVEVCH?KEFFA+ZV5+=*OT!I^0A9.FW3D!U#;O M:*=I[PU&$2'TTMA'6;HI6*(1Y@\D"JTM4,!J;I5Z0ET02H<"3NBEJ:]Q3F_N M!@]XL:1I7NR5N1>AO>5DL!I=JZ/PJ'%#3/<=[^F6!WLL3Y^6O$L1T$_DBW&! MV?.+[,$N[>U +;F[,I_#2F]756I:6#@95E18654E6+&P:ZJ1%-";^5I.@P^<2,JKD/.EAH\=@15S=!#V=SC MAU;EM(%/F]XC>D2U->#9$D/'CJ"I$70HE]>UZS;>JLYX-2%F10&K)U3J:0++ MBM!/"D_V0M2ZQ>N )Q4-[8D/T,/J"S-EA7T(;O(-@\8FW?5 #VL MKC)35BCEP+C@==5ESC53;GBV?X;5$5+=)%N=5=//O;L=O+!HIE6K[I"^&_Q$ M3,!8M^-MQNAN%]S&D"U03+B X<="90%6P4L5O-(%4,V."#]J! HVW%T6#]= M/;* A[D 6'T[4GOE(]Z\8X%7^&!WETSKD^N(8?6E@:;"KC]E&5N??+8%0VT" M 660#':0GAQ6%QGI*JPKFNZA@XL^8 VCGTYITO7J,$UC,LJ+(']9+.]6^#C) MBCA]H$=-JC6X&1^LGK-36EB94V[4XJ9'#Q4SK5+H-U>67M?&=$Y?;,JB)/,S MT8K=_B^V2UJA%TV88'6AA<;Z,Z.8"6(W ;.M*%0P67[.\BH7P39^6H5@\B M M@I VR'%62.I?&/+!ZD<[I97>=,TVR3HE<+824$A%>.G+:N^HNJ.DR?=0$<+J MK0$MQ8?(^3V0ZD:/[^2/^E:+V@\*%"";?]##U>V^;@@]5>E:$PU^(N[T.L_^ M"X>JH$]!!ZOM]4J*E;DH-:+DJ*+W&A74;U'H.T)*!:L;="HJ'^"PZ8'='CU@ M5W!:+XN257.Q24K]X\)F?"X?0C VHWV-?) )%I(L-)9<"N=WK3H/P+:XW3Q( M./C^H*_G!O6O"X)$@TPU^=N!LW?N49[]"^81.=L(T+Q+W'^(!E+0PRP>M!0VW['<3:Z MD<)VQ/@62\8K<]$[!73WC/Z;"_%SPV!3Q"DNBN/L\3Y.60/ MD4:)ES&K7L:JU#$HYFS;L%4#B/Q&VB_ZD&71;>8_ X*%:SXH]^X/5B MKV6=$]R%Y'M[CSGZ?EM5J.>8T,3E!1$]*PBE7WR]J-29ZP2F*5&@J:$9,A4( M7>II4W@5X^4'G"790UPH=X0E1+ HM%0V NFI*BA]9N.T4D#.L%%_)#2XS)^ M="H>*6K)8?6(D:[]OMF2D?BV3FJ*& <*-N4JR^FP\W1Z0A.N"F(M"]F5RTH% M':S.T2LI'.LV7<$KS8>MW+,X+;/J=+Y?D7XO7[PXIK7UDX3,*M7["T('3_X% M6-"8RSPAK9$*85>$(XJ:UL,YVT^A^Q>.K8INS3_'KW8WSUJ$]1=I+5A>L1HF M] K;IOL%TY-Z$L>0X18\X,ZU)7M<3OKY/0/M'+:/070Q&M+HN=((!5PEA.LK M:6PKR!_D[X>=Q;VBV5O98KT&O\&/ :N<2*:J,@_",/\V\"1+@3@X7$K1[9:\%8,]NY %?SL5>/JKZETX>\*7VQ MC7T<8?9U$A\TG]]&#:\%IU7413?*7""U];E7CU715M=HQ5L-7@]>USBD9[O9 MS[@0WW:9_8M_ -1*S'4/7*X$??^*5BW=+_0*;;HH5SB_6P55F\\8@%I_^I7@ M>:S=TP-;@N:,ZH)*HDRS LOW.NP=;.T9HE_S;_Y1(#T4"]=[#:C:;$#= DL' MZ'@_@]G!AIDEIK7YZA\%@2XB7#-_NK>1KD$;SQ/P6G[XCP-I)^&O*:I?=1C< MVPS_0"26-$NWR;-VB/9!7?XH \"T(7R-">&\XH%JR-.SM^GUKVRDV)\@^5QC M3J#M'V6T3==4OL;CR+-$($M@@T:_B)?XG+TL5IRFT6*IR%D:+0D6U'Q(7ZZP(D@]YMEF?IV&RH7Y%^J8YS3$OAK/X=Y8(JT^G,JI_TB5=6NP$C0'1>XL1,[O$J@ 5&:\A MQF*"-$O?9,W?,>?W4X&J5>BU*=):!V*T.%#\A*^)/:KG3FVX877\&-7[?4N+ M,R#.A!HN1-F\3@RMDB7\M5",E24WE*2P>FM03V'8U:57:"'-AL7O@YH$'"3++%?UAX0&5D>H%12>TJ1CH2'U_)3I)M^6WU&^9"H2 6M[M8;B.Z:;O%5Q M:.Z:--67Z-PHK^#;N^RC(G96EV90X?;]*3DE+&P,J2E6H*OI@508O@U7.-HD MM.H$"9_S(+G.:8A$;ZK>T4#[#G\JCP@F_R4N+4TY8?68K=K"0K3B1XLEJB2@ MK0CT*Q."J!3$Q'CIU;]G241FX<6R+N&CFOA4A+#Z;$#+?A=5Y+2':H8_TZ7B M7W^V M@+^H>(&)B3 !3:%=L(#7Y0,Y9S.WT/CE_EI1#'T$P&;\DVO M/@FL!E?J)[[M]07BI(C2>GY'[21XBJ,;M@.@;'B!!EK+JQ24-3VC19P80MM? M!L1'/A>9\HDR*1G('I#KJ.Z$AA[(BZB+)=UGSFD:\666EJODY0R+?G^ 'E;/ MF"FK?V"EJ/G0(V=$2^PI(\F@>\!WB7DWW()I^+/%$=W J*O%WF4I>\YXD:I> ME1IB@-4EAMH*6[B+([:O@Q@C(IR(L%8O/1-FOSOJ^#=)NAKUW'L35. 7;=])-ZTYX1GY6%WG*"N5;^Q M,[ ]2= B?RSS^'Y#_UVG(6URLG(6+[%,(A56]T]IDE#"D'#B@HY=XR#':.@ MFN< $2Z_KSW41ZINDF2*KC!3(='X:2DK1*2E@],:2F M?+<[8 S-X05]N20(/3UDRQ1J6W4A*JD0,M3X MS0M_5?XT5N([Y7Y_+EZL-_?1BR=] ^#M.(H*;TX(P/XMK2S4M MK#X85E186S(.=AC%'PY8$28V$C!C\S(2N,9#V>%F7\&)28WCQA#_;P1*/K+(G#%W5.L@4OK-ZR5[S?AT0"'4J-#';OK24% M_+O7_$'1OTX\N62JO.$;\AH4+EQD096/ZL5%%QX38DHJ2\'OBG> M/ 3!^C?^_IKD*$5*\-O[WY+[Q%FK=_2N6ENOE[ !R*@.Z@,*KXU\10B'VGE+ M ZZI):JI6GM+ZK7!U8M1X")$*4/-JE!.VQ;:DOAU&2Y6! M%H?9U"9M[+]I2?#.]H)6_!8:O^J[S<]3LH# %[WEFH8,8KM+M%.W/"=&GU/ROWAJ?A(S95WE M)96&!HD!=<6PCF+9J"U'TR<5DZ]NV>+HC/S]F"=$$?V:A*CB""^S''.ZN^ 3 M+B[C-,O9C<$2DT8MB1_N2N&N]1*7JXS\0DOQLNMZLHYV^'E T/%AM7 U/8) MB((";179YL,5Z)ZI4EO+%$:U5F"4)QSE7&"R^FXS ZRQG M>U.@/.9+>X7:G0P<"U"".%S2;4&"OX-6?F>E VHK04N# MP\(G/Z1J%;:504L@^NTK,*A0ZR:] DZZJT7KSRGD-$?D!//_GJ?7.5X'<712 MO2M>3"_P+W9*O9-9+ +8 8^*0E_T? MGC8A6"[--R^4.\CCI0 8OA,HK^I[*VE@/, )7F=%7%J/=Y$/].C6J&LXEBL) M>S-RR7P_S>#="MK/\2O1?[> M0RIWF>P12EOV;R,*;/^>Q6F0AF/[5\(-OW]U2EOV;R/*?_]2+DY.[B!P*-E<1PQR+*ITU([#'I./7CG:%$2CHB PNB=A%ET+W^ P>TCCWTD4 M%]&ZO<2*,?VL?K,,WXO2'EL/N5' ,7#\]DFA=P;7I&]_2UTV*W+?W5, JI\B5CY=X/C3 )RC+XOGA'!+EP/4O-=;J5,#'".F MT)YBNS5*76/;\-.OTQ$;6>S,/;].;/^,BY(%WC05*23_O,OHGSRZ\]TT>D4C M8:*&F'. :]("^GU&\NJ&;QZX;:\-MBD-UZ;; M:S/Z' !?Z]+*R7;AC#[[:M#9CN+< +3]Q5>-4:FA3F#:_O*^S?J#+UT2PY]8 MB-];:7P@HDOZSN%9$.>LF.FDT<&$>@% /Y"T63,VRDH6 MA4QA1#5&5&5>)W>O_/\?Y*5?_Z,*9'-,-N-,J]^K'$'3AODV7_W#H'^>H-_F MZZ\-N?,L 2P__$? [[P+ DL%7A>*K=8"OG5Y_5C?,>;WH]/K&A'J([D;_!C$ M*?D[3:S/@[#XP6&PCLL@B7_OU!AV,&8FT/;UCZHI&\G=N)M :]_5 M"-EC1<79ACYH>$DT?MP\5DU0G,BWF0Q9 9TGV6JLKF3(!1P@+@)5,NJ=F0*= M.'>UM8T63YC*[X?*NGIGH8! ,)TMBA=>$_[$Z\'@&Z\'2'FY%CYXF O<%B!7 MEZK95>9^0D=ORN[(:5>M E,(?K&T:"$95D:( 02/7;3?'1'^ZB!9V'N5E;BH MG\O.<127%W$J+EQWE@@E4)[.$!5 1DOV7Q=^9WT_ M$=C\B_RY_A/Y/_1 DOSE_P!02P,$% @ #(0N2_Y63H"#-@ OZ@# !4 M !UL_^!XSE[IO;!9T\HRZ,T^>75R?=O7WDH"=(P2A:_O/KU_O7I_=G5 MU2LO+_PD].,T0;^\2M)7__%__N?_\/#__O8OKU][EQ&*PY^]\S1X?97,TW_W M;OP5^MG[A!*4^46:_;OWFQ^7Y#?I912CS#M+5^L8%0C_H?KPS]Z'[]^]];W7 MKS7&_0TE89K]>G>U&W=9%.N?W[SY^O7K]TGZY']-LW_FWP>IWG#W:9D%:#?6 MK_>GOWK_Z]VY]^[MR0]O?WA_XIV\_8?WCQ/O_/+F^^\^^O;YQ[=OW[U]^_9#U?UO<93\\V?R M?X]^CCP,49+__)Q'O[QB2/WZ_OLT6[S!W4[>_-_/U_?!$JW\UU%"H K0JVTO M,@JOW\E//_WTAOYUV[35\ODQB[??>/]F.YW=R/BOD:0],Y,\^CFGT[M. [^@ MDJ;\C"=L0?[K];;9:_*KUR?O7K\_^?XY#U]MF4\YF*4QND-SC_R+!6;WU3)? MI'$8I-GZ>_+#&_+W-QBCS8_6_K) N57 MR7V1!O])5H#USK5&L\/S,SY>7Y0']0(G">[2@'U4:7Y(^ ^JW MQQS]4>*Q+YYT)B5J/[+"'5;QCJ. '_S'6#UC21<;REAO4L(.%O6>WLQ4_>SJ M0+TY:G0=0Q_J359[ *NZ46^NZIZC&K#GJ/"C.+_Q,W)6>5+ND'W&'%G?FI+6 M;U0[^M>4!JW.=J;ZFGB]PC)&LWG]^]LLQ4?@8L\TH]D;C&=CDS'EO$97&]-D MN'2:YP@K0/*W#(5X<5Y'_F,41X1A^&_E"H6:. PUOC,$&_EPK'S,^FG05%Y- MQ[%H-1DK:NT1+$Z:$0WZQQG=!$\Q$Y_V$S*GQ&C8$QSTZ7;8:@QR& PN$LW?EQL;OT-,H: M^3G"TZ*=!B59^S-63V;,A'A_UJ2X_\@.$&ED"0W\&6L.0/.3GEY_V837&H/G_X'\0 CY\/KM21V=\*_X5[]7<[A#BXA\.BE(1 AG MYK@IO^7A1%FA.,T"+\VPY8,1VX[I9T%#%-H!%76+-VNZ@%X'RRC>2=$<&P"F MK*S9EBH(8;F+IS Z!&>8$'S"O\*+YOGO:"/#H-54$X03]U 04 T!PY:.!SPL MG_O-%II,?^<2TWDT0O(:V^U1BBD(21B;G.D'336Y_]Y%[G.IAH#A%,\F)#.Z MC/T%G_T'3339_L$EMG.IA&#W69D1$B^QT>C'_X7\3"KXXM::(/S%)1!4M,-M MO#0*^ Q/99%FTFWWH*$F"G]U"04)Q8"63^4)(KXPZL3)9V5!([SQ<5IJ!DG[ M:<+S@WOPZ/ # JV'S"=3N-^L'M.8#\Q!$TT,?G0) RZ5D#92I3(KF^$2_R[G MLU[27!.&GUR"04D]/"1D%],&A&FL?5IS%X\6Z1PT_O:&ZR6RZ4+BIQ+G@:_WR6XD\D.0K)3WD:1R&Y$_3JD;QZJ+X"-O?S1PI6F;]>^/Z:2-D/ M;U!IKJ[7N_>ZZ<[>?6=LI*0 MPW90;BL@%TOX'W)S M_.3']*JI./.S;(--%)JN)T9'LSN8&TL+B+0+22Z!>),6B%P/7J=^DM^A .%9 M/\;H!A4UR6( -;J"><$Z@*?-"3> N\W0VH_"B^_KQS208T835% M:GAO76>DQ,S'9ED?702M';Z-81"BZ+0; MNDX SNND#?7!6]!>%R]K1W -AJ=:E#B,#I/3N"=3&RM!;UWDK)VW^R(GY8HS M.&;8$FY3*@5/U$47,6M'\2Z(R>EW R9F?L-ZH7L/K NYM2._,>0#\=(YP3#! MVA2^=]8.]7W@.S)7-4.9B;]:T4T786L>@.'L5=>=VETUBXYK9XBQ=47!FG-! M#\MAU+6KWCR&'BVT]6&S%F[1$[9CT<\:)2 YX5"R3KK(6O,&]=3-VD4QH1== M%Z?> &Z\=ZXZ@:;BO+O=Z@DZ847D(;>Q+E+6W#_&V$AH=@,4)E%(%0O::JD+ MAS6?3B<=QZ/6#2Q.PY"Z[OWXUH_"J^3,7T>%STN3VCH\1!UTD;'FNS%&1D&[ M&P#=D0HG"0JW):-.@Z!([F41!)=B"=OKJP6?._&,.FSQ$W$!273->Q M&0R"I9U!2%4D'AH1E?'3_:)6'ZT)N$NDO!GT, :=<\M5(P'O?)0'/^ZXQ M\O]^2>[B PEGLYWE=N/7T.=(!H]UEBIBTJ6#2."'/P,R\SM,5-F@E MIV!.6\>P$,G7X5F80\D^Y;D3'()*AWA3?B(5Y[&(W*.,W/4UW2*?T>H191R> MD]ZZG:'3&,5"M.6["34N6>C-&6(C:I9160NI"V5;-EG7E2?N#YWS+=XFI4X] M%4-6D*U+8/M&[L!5*3 M<'28_9#R+E!9+C(V%%[7T1\E<1%@EE9_0$F C.ZC9"- YW-W M1%#-%#>@9*YPS$T1K<[0:=[: !JPPCGL]"T0:2?H+.XN6+EM>[0FJC(\A!V@ M4[F[8^.BR6%8X51$6A=CP^)U8U>$]"P-@*L,_M/U_&N,#WK7&/LAO73N[0?U MOOLU\ MT(X?-1M334I<6AB8F#BM]'M-EWA%\-I">WJT49'0X!(>MUDZ1WE. ],ND6Q_ M:+>$=N688B&BU0TD/B%:W@>OWM-P%27TW27RRIARF2@[0CML3''2Y(0;L+6( M,]CAX5TQIM (J9UZNLR.L,K6(>^O:@#)-H;VU'0TTMKT3A[*8HFRFS1)FR36 M$JMAB&OVAW;_& )NQ!4W=.M54B#,U*(Q59:&&R0]ANOTAG81&>*2=B#1)4B% ME(IQE'0!K_+7"STE+Z:NB?=[2_4H.''IWBZ9C@9>RK./ M0)FQS$5-)*=@&+ =J/;9"[;N$N 6\GA6.DZD@V;@E3\'Q([+@:EK\6T&^#;R M[*.?1P&V?L^CN"Q0J%;0X*7(C7% MT-3\4S#319F0:\">TM%Q@\H#WATJDQ,&44B916-2[.RXP$G='9T<(Q-&);L3KE79U1 MHEJ+58<-#BG1]G1K6>T$6Z,O=!ID7]PXC' :."IG-^@K_8O4NZ'5'3I55Y26I[[-YHT1O@%O*7_?K.2QTEN0@ MRU:;?4Y+0B6]PXN"]KC0N9;#+/_C$ 8JU]6O+]/L'F5/4=!5#7"& <_,'&3= M"_GC-+1LC;\^V K' <]R'&8A.XZNW3P">%^2*DL >F%U]N?]_LZ!!+X>+CTR M_T'<01=)Z( SJ(=+SP1)!_P]O.E; A(X5O/,SY>7)Z#0HHJ?J+4 ED5W& H[M MU$&SO4-VY)@;VZA="\864#VX/AD#YS3\[[(NS/&0WJ$@38(H1HT)/Z2#K58[ M7X.^-!U,3FR"X8:X;7. 4,@6JE488ISVT!>L5I'B&'-"EKD!Z\A9%]8L[!%A MU<[9,#/3GU#VF.8(_K2%.98A++7GJ/J7X5$=7Z658*0]!O2E[F";@#GCW- ! M[7G?9@B+=WA>R^^V%EX2TJMKN@#DY=HZC0=]/=P!/Y4 F##27'/\5&F.!"W( M6;B/YA#4XV\3Q,_XK@@Y*S/"98Y@D,$ZC@5]W]Q=*'H0#2\0MC3+.5J3=\H[ MZA%>;^C;:0M:0\RDR>N(FS094DVPPT%?38^I*=IL/$9E<1H$:8DM^EM_0Q+2 MR&L"09!A=EQ'_F,4*T(=NHX'?N]M0:.8<-+2VS[=)E4_@W/K"[#F+YT.(X-? MB ^M/CIS=S3\^0J.F=XP.P5O0/ K]G$V"S$OW0%Y,(M ,";X-?[H4$N-@TG< M'@YQ:^C M7_OC=R<8U,OT2F@N*I"/\P-LW0L\!JNP]TQ:_#,#;V +93:<7\: M_%%&&?HP"3&E%Z+$= ?88-L>H=*-HZF(28<^Y( M=XK+*/&38)B=0CH6>'G/X78*#9XYLE-D:8!02&O/DM!O/<FS=+J."#;O4+ MA/](?R/903J.!U[FLP>0K0=5>W#49:E@BKB8"D"CJR[68PLNDJF:?9JD)*G:JC.X"N0-C/G-<7"$/N6+I3HJ8, M":)CLG\EP) ^\B[:(>C6H##D:ZI+F4OF^_8)2#);69 &VTH7F>'/U=J\Y;_> MS1+I"OMW[_V2R2F>66^WU85B^&-O9RA$!+L!R':ADX=2\8][SVP2<@YFY)(W M3O,R:[U SC=*^HVL"[;]!&DS:V4(?MJ*A. Y6"[3C%[@Y+1J[6RNNNBB 0 = M!M+%T]K1=#!PTGZ,L HQ/[_K-,O(^R5$F#]N]DWJ*[S3KWX6SM8T9.,3;ECD M5TFEWKK(QJ@ST!4J:R=<&T(%@.'("N]=8&S=K,][@[ Y=W J9@ ]5)FV<)/HC\KU)+P'.5!%JTK MW?*QS+%V8:H2-,JG_.B]]O9,Q?_!#N7Y2>@Q@Y'2*;OAX"QD=HK[(B\5Z;<, M8V?S6H+\>%_^16TF#S0\X!%BBQ$#'9X[>9TQIW>V.Q(>L*A]C*4WGUW& BZ_ M,JA\')PFNK/6D4?ZRM7*SS:S^7VT2*)Y%&"SI,X ( =HS*J O>YKZ(J?#G5% M/1A1"\QPWGX\;S<@8.6"%G4:54PD?2"]T#+,--:R;G_@]:M&[-#_;,07-Q8B MW^1GU]O)V\/U5O?QZDX#6IN-V2B':ZPNKM'^WN- 2!?1>/3I%YT MZIZ@C[WQ)V>T^HP& 5Z"NCBV'H8SYI,;:U'S_?.3]ZVC%>=%<\#UI_M%UIOE=NR!$WUM -*DA9OEN4U=Y<DQ8#6*!$Z.$[^:LF[YSA:W_<8\6E '\9?_7PV7/=O5V?>&D7U#B+ GQ M']9I[L>?LK1<:YP&C0<"7/+-*5TE05R2ES[X)!@I@?XC ZN%CO)PH!B&8K ; MF_U]^9BC/TH\XL63>*G_T+[#VW;SZGZ0619-$G32*D0]0)-%FI/2.6F*NT"_ M9:+ I)4*HJ#=E<6B]]M?X)\=.B(;L;K (R#V6VJ_]>Y MP=#L/[6;<3.^6 IE_#5'L_E%7D0KOT!DES[-\W)5Q<6J$2)#&(T _:B0/DC& MI T#TS!+[M*/,IKI^1GY1 &2,X+AJC,8 OH%(..59\P>-U#]E*;AURB.L2!> M8?8F"_+><55+6AM6DS' G_DQQ=6<06X NW^(9I9M#SZS^76:+*ZC)Q0:0MQM M-/#'?TS![L,T2YMI(SA(;_>4=X%^5L=LN]0A?_I/*]TA?'@J$7F?"I\C"!+: M*U.C*_3[.<;+4)L=;JA:?J[8;!LL?I4$F$=8?]S&_M;&DW@&N@P&_1B.>01O M=Y:Y@?DNJUQ_"Q7V@'ZIQGR;5!#O!D3-DY88F,-VT._%&,/!)]0-$&[05X:> M+$WPCT&5>6-X>#0?"?S!%F,DNW++#2=KPU9[((^+"#RIK<2B9J*#]UW5N9NO M=!H9#_?!$H5EC':YX!CM-;0]Q=<%\T-L;3)/I%!G+ J52W!KQ@[] MH>EE3%CBM1O+NQU!*UOEK>0E7E"W"\M]BM'=.S'C'QTIJ^O:*W7YB(WY*NX^ M-G0\JU8\^& \=.-LP=##C73_XF>T"L\LJTU2(U$P'1+Z&M)4!+JQS V]S$T1 MD*GF5M:;,%' "?U\'!D#>V$[Q>9 &,4E<>G=HZ#,J %P\4PB\%!(WAT@>JC< MENGHD&I@XUO0.MTL1\$>M]U8\Y*P;MG*;V7:25,<7%C]$\IU4#HW[M*-'Q>; M^JU90\^&O/.4,Q5,Z'33XKHLBY(^-Q>MRM4=X7N\?8SN,LUV#U%>DPZFWJ>4__8R*)7D=BQ2PI2Q.4Y##(8XHBK:QHST@V5H9=-I*SG>7UQ&T=PT(D7X?E/3B4 M[$V@0=V8*,.Z\R.V>^_53=89+T(*4&(7/_1(\RKYS M[/=XSIX[!O3MB G>AHR9OC#"4'S"6$AH, -YRHS+1)3<9,F_OXW[)L4*L^& M\4!N("B5Q@,@C4FTXZ^ER6:W918L_1R=+C)$OR_USLUC+DB1MZ;)M=]9#6:IG[=#?G M]D71#WJ7U[]LT6* I0V>W.[02C&SLL@+/R$I*#0M.9>&U9.^>EW=OP+5I\6E M95-78B#7;[0..C-Q\9J1=IK,[:0&Z6Y@U*JM=H,D 07\UM#FLS8J,F(MN[QN MLR@@_IWZ'6/&+W26YMP]A'4,*7M#E_#64V&&S'!CA=!%7"G?\S(CAUN$C9VP M4KW,B4UZL-$> KHRM_9:,F:+(VARZUPQ/MR/FWV3VNPY_>IG85T%BU'D-Z7\ MFL?"IZ"K>NM+ARTV#RE%.0J^7Z1/;R*:9TADZ'W],Y&>]XST5+_]G4E(K*9Y M\8Q-KZA6:!Q)J/JIND%7^U:CJD>'2^O\T #3-S@=.%!WM3(Y$$ST^0N&LEL_ MFV64)2$ENA##^U=45%LZ MG/3=I3_1RI!7267Z7:898_?MRG8+G60T8VS,&>C* ["C!P 52_)5ES';1M3N M*IT(A$'<7!/G( QV*STAG+:Z3(6T'AK.;4"R9K.+(H=73!7-W>L<. U!>CAZ.F;H. M'SWJX)M;/RLV3 2.H@":K-.$<)'2X<8Q1#!%U1%$T/_ZP> M0YO-/^$?B"4N3NTF[<7-H8TP+5EBS6$5Y99.'_LSC^9!SY7ZF,8,%E'JQE'C MI<*OL,(O<*KO2X7?,2K\]JKK>US5?*=5P[>>LR9F6VF4=8*.K%=CI4.%2QB] M5#5R*2OXI:K1Y*H:7>28OJ]ZU7,$;:&UV@!%;M@Y-^P?7F[87V[8J4;;^G>D>NRP$73"4J<;7CZE-O+)0A21 MM?"!_$!8_H%9 OA7OU^CA1]?)$54; 2J"+=J-7)#K.7JAS=OQI08C'EZ#27IWA/TJ,X77U@T(1$(D 6$@G3/4TQC1 MBLY*Y8]H-01/(A(+4.MM"RZ-E@ZU%_,Y(@_GR+E*C]R\EN I1&JV"N?NDG9W MLLX(?%A@GSHC4\V!)K2)2DILV<*T@0ZX-:L*XF2Q"'+%E=/\6"IOE735-U\H M/)'8#U(>T!?2.CE(6L0[95L5,0YJSB4\YLX14-)_-/Z-L(72JJ+M-H%29'B$NJ;[MBZ1B M-;=O,9U"8H=4N<%K^N38_NG7,[P8%[+'RT7MP:-FM'&04SQ]%Q6A?S8_P_.. MBDL_B.*HV'SVGZ-5N?J89O@XA%7 F;_&?RDV8IS-1@'WWVNCWX4[;JQ4WLRO MD@)A5A?4O\ZX8,UP%8\"?H'0"U<5=]S ]7Z99L4#RO;R)[M&X#6>3JTR":UN M%"QC#%:F7!G=,O(ZCHF\\W$=^8]$Q"*4X[^5*Q3*"IB]?RNK&]"L7E9]RMM^ MR\-G'H_YFE=_SDY)L^.M,; -2\,'R\E-I0;4 M9V5&UD354KQ4+7Y2<\$/OMS[E3RPCH$;^MP:F;-B*0NJL/U=L&MI1Z6N 8.7J(@"?Z_*&T>\$XM'/.^[Q@2._L@W@C%T MYN?+$0RAZC,3.Z[980*\_3."6-VD!;KU-Z1UY8HD#K$1Y$SPW:D=V49BBTM; MDZ Z5:Y5D/3]N\-=IQ[.H^-Y[("#U2>U6D(OEVPZ=5=USV%#.H*T3(J\%B,L M9O@W6=DPG9D9D:BSRDD@W#4[CP>UC6CSG1?_T9-[;BQ2&HBTK.KN76!]4VST MEN?[P^7)#O1O7C648PNSFI1Z&1ZVRD7#)SZZG*Y8!+S MJB@.O&\R(9XSLW:D\"^9D"J[M='(#6ZW)(3'Z($J8PWVH@*)R5'Q^J 9=#X7 M1S[:3RFTZ7+#YUJ'02E9WFP&G9*EP7(>76ZP?*<%*R. I#*D"2)UO_0*^O*[ MN:%SS'95/B5N%/8]F)NJP(2@N6.HR"3N "0!04[L$TRFB$IQ<9I"IS9*)4N< M$^.T*GNI2WY8EQRXC.Q+77*G-!98'6QK&9M'6 >;N/%F\ZLDC)ZBL/1C11UL M?G/'%HZT#C:? C=JDK8F]R4JEM1M3/S/RVC]D%[(JPJ*J%0-Y :"4FE4 :DB MT=+KH,L(S3^A-$X74:YX&I3;%+H604>9:[PC(^&!&VJ.,2EO_6R64541JC*5 MV_:HN#/PG567A',5)]R KGTE=8=(Q1E4)5IER/18X09VK>H& MIV6Q3#,2X*"UW-J=)E-F3(-T-S!JVJCZ,*GZ07NHM9'28X"EO(?FQ\]1'BT2 MHI"K:0@,"54G:$^U7JD&/=)=7"3F)H1N?V@W7<=%8]N2$+[4N*T]1RM]*&K. M"%M#6^!ZRT5!K(OKY#K"1DI(^5C] 26R-;K6[>:,,X&"8!TI.W+) MH!9:?\$0#3.=.F6=^#-]L;A*@@SY.3I'U;]721VJ?N_'?B;-4-;H.IWR:-I\ M<,,\P[-"]=5CLP+TML KDZH@662?^. >MRD'1)K:;D\*%TF<*JAW!1F84LH\:,$_/[PNN=S2C-<;5Q1F^ M-OTP')R^/=6W0/MO*"]H6N_%\QH%I'IQ2G[%.""J'4TB-5'O.U7>M9P_';3/7O* M\(@JI+NNL!MQKLHVM<7ASMO:NMI$"S\KIK^U?:*OT:@>>!D("^['H&-[1I%" M"9LG8&PSVU)^\8RR(,IE5Q)=QH*.&M+,?._*)$= [BG%EVDV1U%1$J=-HJKN M;N5CT"%+HR@+"9L=?2;LS$\"1!XXDXC%$"]E<;X#'4DEEPA+1'>U8'ZJ+)@$ M+4@@T/2M%TCS^?=W\,%@,!8TH7P0&_HB.0(9K/=ZDM!D6P8YGX*.C!M% H4L M?I&_HW1.6O--CB*M/?R2WZP0,\SY@LC#N)B!3RCS%VA[E-)YZ'Z,"4"'U8V] MY>O \8VXTG(C)X\E.1YR$N !@L,(\_"X3,1=HR)\2QNT3!K. SP^<1RQ[(3. MD4@FQ\4%))O&,P$/GQQ'.CLB!.6@5)'30P(#NV,[2$<[N1R'":H\=C&3WG1=X MI+(C_M:7== E2NF :_2/YWZ!+OTHHQEX8P6*:4P$/.H9((I,&Q^'S.5'-?&/ MQL;9'2)E[_#OS]*$LK_TXP>4K=XI!'3LR>@*J0-W!S XV70>C$J1S($P\D2T M RN!G0@@^$PE)>0+>8T+$ZV3$_*7SCDA]5=>DD*@S+";-*E$NB+F*L'$E-2+ M-D8TA]'7CSIUI ,.T%?@0P?VBEEPAP)_'15^'/U)!QLZU-?DRV[GCHS&!N?, M_&$)IB<;:<*)Q6].(S'%.M./5KAT\IFL?O6X4UH,&/\-IS.(N<1_NUD?ST!C/NEV9HQ]^H]\UW3L/&H0HC#1NRY#9KAPIS6> MJF.NO,=3=HV/NIW8,@8'OC6)8Z^:QQ2ZYG>AJW<#R1V/^=_T!7Y[5RB6*'M8 M^C4/\QM2X8W$24#TC,V.HS@>*>F& MCZ<:?HI'DOXR-J:N^8V4=.[^43FT>3-A_'E=:9SB#45'++XQ@>RR_=N%9(DN"&PGYSOH0"OX!=P@<]85CN\B MU:\9/@@\.UM3XZ"=:E6WU@6@E70P=3: R@7.7Q^^(RGA/M/6#03X\B-"@)D^ M6Y.O'CAC_ Z7,D@=/J1R? M@88'+LZC_0+\H-QTP\= 3O)103UJITE('"1XQB@),%WU ?R&Z"9",=]1\,.A MHX 9T?.3T&N,N3O6>[MA(0_X,NIW-*G/_X;#N'!(G:1[H!-<+]X#QTZ)#GL/ MKI&?(^8VX@%_4'[T%_>8$")B(MPX=//FISINR_JX 8U*V#1 &NA\+#R+8=F9 MS;]LTA76LY_I%0J=Q2Q!BK.9NB/T>5@M4\U3FBXKK)V+!1-X^)IVPX+I"'UN M'@B+%BO<.(,1:F9SACSYCB)H[H;.TMI.!!0P4@1Y(F;>>L)&Y$V:^(S@X9]R M;#N2@ *5?\-X(#<0E$KCX7G7E$0[^]#%:AVG52C((D/TXU*5)VD/7>:KH_2Q MZD_)#4L[T.=T$_O)/<)T5NS2PD+9"SP_>P!(-%EC"9CKM%P@9 J,LA=X]ML MP&BRQ@T[X0[%I"SHK9\5&Y:\CQOV+W+CP60,-_8C+8O"A"SFVL 1,%5'55Y; M-\ Q%TD)<'8/JY^SBY $BOX=*PGYCL1I"&T6B*6EL%1-IEZV>_6**ON22:@)E>J[$F:& ?- +@9G\ZLDC##FI1\K'!W\YF[L?'J.#CX%3'EQE]#X M$A5+*F1D!U]&ZX?T(BDBM7EB/) ;"$JE406DBD0[-LQEFJ%HD5S1X@6*'5?0 M%KJP;T>I8U69%%I!P&?Z[\WRI55:]1W0!8+;8M+U ?HIW0 MCF1NRHAGI@UXU>\AQ)>S9EU4HSN%4Z4/DAC<-%%K4D4W-]::640=GQ)F#P9$ MZ6!NJE.GH+ECJ,@D[@ D 4%N:+=9LB? MS:_]1/*^(]MF,JD3+;ILW8:32+ [E*"O*"1%H$37WZUFT &):E;RY^V2]%ZC M/$\S,L3LJOS.;;\Z'G1 H_:RZ,R.:%.*Q*IR=TN$%O, Z98 F&7;C6.\UY6B3/#>LI-E\'@4HR]D2>&(;B-\:.K9&V\*1$6M)N#^F M29G3JH$HE%7LY;2#CJK1$V\A@6[(]QUZ0DF)3RE!ND@B6CHDBLE=+LF5*I9I MV&SP)_>5CYT;TWPL<-^K]N+HSBE+2P?O\ %AU0+-YJ0&Y[T?^]E&L'Y$C<'] M07JK2$ZK&TOI'I$2EDF SM*\R$\DSNS#AN!Y%=J+0$"CK43*[=<^X\/T,MY< M(F%!=UY+\)?9]&1;0N4(FD.?Q\I>X*]]F>L2B[P?2*D014=*LB7A%SQCV159 MJR5X5I"^6A%0Z0@&Y +B*L]+%)Z7690LJ@+$M$Y0OK^[I;6W]#[GRE99I_-*N^U"S57'_'JS_D1,GE MEXI,P@7^4I'II2+3-U>1Z3)*L"D5^?'^Z0=Y5(^PPX3P$-+@1CDFF@DZ1QE9 M\OXH"O.AG<\ZLL-*@7 M$AMD#VE"([)5%:+4W:##,6P(>2/+19-QEH[K@L^KJDFINT%?- /A-GCM*4/< M<*=.*Z[1$?IR#PJ[-O/&1>\R+17)?NI^X)<>0."U>>>&@^<;2A$$KNCVDB(X M%J>MI@A:L^0FG2+XV7_68GFS&73\JP;+>739VG73QX.=0[3-O*7T(MS?R[%#0:GY$]-L''M"6H1X'PA?*I1.$]6E#R&%<" M[\\R)\*'MX=.!'8$;SO$@?. W\8%IP$[LUHRTH0(%_[#.LW]^%.6ENM<[38P M'@A0832F=)609T[Q>N!2P"\G)65#WZ&!W0L=)>) RPS&XL[ZYPEECVF.#C20 MV])V&@3D*=W\)BUH@/]UZB?Y'0H0YLICC&Z0? $.^1EH/\?H8JC/>S>L'@/2 M2,GA!$]CHW2%]AH4VBLRNLB(^#HY 9D5V+2OB3C-M*WKH,5Z7(V+QZC08M$MH&(GJP<=!'41NJZOM$:%.+,5, MQK_)<(OKR'^,XJB(4#[D5FCT/>C*26 '-@,T+$6-&4R:GB[K&9_AE1+1<"U! ME-D XT(7?NHI%0-Q 7Z[ZR\Y^)=%%CV6U""L213J&D.^R<8&3\ 85X34;)ZF ME$,[,:@X.6Q8(QK#F/=D!!F8@,9R-U'!*_:-8QL]&7I-V0KUQ7^!M$U MN[' JV:-KF(.V.B&9C&YW".U[V;S3VD:YO?IGK/];DY;@X*7[QK_UE3 V,E) M""UG=9NEX"BL_("N M,%BK!S#NB4:3XJ M2S^35H\5M3^*P#TY,[H?8%'6KV*>T"6JFQ.2E5)E-O:C9HH*D ."U=R27&E M@&AS:68"D:BO MYO3=J$&WG9-*41VV&'K^G#,L5_)"4DB1P@E%2/>U\EI!P3 M/BZ0B4AK91J. :V%^)+#NC [,<4-?41TZFS.O&LL5TR"YFXL$@,-):"#2=F M].(PKTQ7GFY__QM:Q!6?MXA'1+6M&P_D!HY2F6R]6F](HAVU>%MFP9(^QAO> M^S':O6XJU8.J3M!9:!WEL%&D3XLOEJ[R+E;K.*5E /3PD+2'SO4: HE-]S8 MD.Y0[!114 M;XA4%B5"XG,HZ2'K )W$/ $:G[8JID?/:'S*$,![B!'@-L2_"6A_JR7<,#: M.P5E=H:G5\:%KSA,\IM")S$.P74)#]PPL$AMP32ASPR?^>NH\./=$\0H>T+A M99I5M0+)6\7D&7#Q=MYA*.CG*!0Q#0>;>6=>N0'UMLSC0WH:_%%B7?"QS#'% M>8YRQ7/2.FM M?H\U4/5876=QX(P#;?L/*19"-@T:XNJ.<- WE/K+AF@8Z)II'P MTLSY,Z1MH4MG]6,R0ZY1 E[]%_)_CWAQX=_\?U!+ 0(4 Q0 ( R$+DN# MFBCTM)\ ( 9!@ 1 " 0 !U9C;A( "[- 1 " >.? M !U=Q X +/$ M 5 " 8"R !U&UL4$L! A0#% @ #(0N2[AW\LQR6@ DUT% M !4 ( !I^$ '5S874M,C Q-S W,S%?;&%B+GAM;%!+ 0(4 M Q0 ( R$+DO^5DZ @S8 +^H P 5 " 4P\ 0!U