0001477932-20-005505.txt : 20201026 0001477932-20-005505.hdr.sgml : 20201026 20200921112537 ACCESSION NUMBER: 0001477932-20-005505 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 66 CONFORMED PERIOD OF REPORT: 20200731 FILED AS OF DATE: 20200921 DATE AS OF CHANGE: 20200921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MMEX Resources Corp CENTRAL INDEX KEY: 0001440799 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819] IRS NUMBER: 261749145 STATE OF INCORPORATION: NV FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55831 FILM NUMBER: 201185646 BUSINESS ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 BUSINESS PHONE: 855-880-0400 MAIL ADDRESS: STREET 1: 3616 FAR WEST BLVD #117-321 CITY: AUSTIN STATE: TX ZIP: 78731 FORMER COMPANY: FORMER CONFORMED NAME: MMEX Mining Corp DATE OF NAME CHANGE: 20110223 FORMER COMPANY: FORMER CONFORMED NAME: Management Energy, Inc. DATE OF NAME CHANGE: 20090716 FORMER COMPANY: FORMER CONFORMED NAME: MGMT ENERGY, INC. DATE OF NAME CHANGE: 20090303 10-Q 1 mmex_10q.htm FORM 10-Q mmex_10q.htm

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10‑Q

 

(Mark One)

 

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

    

For the quarterly period ended July 31, 2020

 

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: 000-55831

 

MMEX RESOURCES CORPORATION

(Exact name of Issuer as specified in its charter)

 

Nevada

 

26-1749145

(State or other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

 

 

 

3616 Far West Blvd. #117-321

Austin, Texas 78731

 

855-880-0400

(Address of principal executive offices, including zip code)

 

(Issuer’s telephone number, including area code)

 

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. Yes ☒    No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒    No ☐

 

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

 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

(Do not check if a smaller reporting company)

 

Emerging growth company

  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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

 

Applicable only to issuers involved in bankruptcy proceedings during the preceding five years:

 

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐    No ☐

   

Applicable only to corporate issuers:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of September 21, 2020, there were 14,111,114,185 shares of common stock, $0.001 par value, issued and outstanding.

  

 

 

       

MMEX RESOURCES CORPORATION

 

TABLE OF CONTENTS

QUARTER ENDED JULY 31, 2020

 

PART I – FINANCIAL INFORMATION

 

 

 

 

 

 

 

 

Item 1.

Financial Statements

 

3

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

29

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

 

36

 

Item 4.

Controls and Procedures

 

36

 

 

 

 

 

 

PART II – OTHER INFORMATION

 

 

 

 

 

 

 

 

Item 1.

Legal Proceedings

 

38

 

Item 1A.

Risk Factors

 

38

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

 

38

 

Item 3.

Defaults Upon Senior Securities

 

38

 

Item 4.

Mine Safety Disclosures

 

38

 

Item 5.

Other Information

 

38

 

Item 6.

Exhibits

 

39

 

  

 
2

 

    

PART I – FINANCIAL INFORMATION

 

ITEM 1. Financial Statements

 

The accompanying condensed consolidated financial statements of MMEX Resources Corporation and subsidiaries (the “Company”) are unaudited and have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements.

 

In the opinion of management, the condensed consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

 

Operating results and cash flows for any interim period are not necessarily indicative of the results that may be expected for other interim periods or the full fiscal year. These condensed consolidated financial statements and related notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended April 30, 2020 filed with the Securities and Exchange Commission (“SEC”).

 

 
3

Table of Contents

    

MMEX RESOURCES CORPORATION

Condensed Consolidated Balance Sheets

 

 

July 31,
2020

 

 

April 30,
2020

 

Assets

 

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash

 

$ 14,352

 

 

$ 66,830

 

Prepaid expenses and other current assets

 

 

15,922

 

 

 

23,145

 

Total current assets

 

 

30,274

 

 

 

89,975

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

498,326

 

 

 

507,044

 

Deposit

 

 

900

 

 

 

900

 

 

 

 

 

 

 

 

 

 

Total assets

 

$ 529,500

 

 

$ 597,919

 

 

 

 

 

 

 

 

 

 

Liabilities and Stockholders’ Deficit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$ 804,160

 

 

$ 764,945

 

Accrued expenses

 

 

950,733

 

 

 

519,447

 

Accounts payable and accrued expenses – related parties

 

 

269,733

 

 

 

236,514

 

Note payable, currently in default

 

 

75,001

 

 

 

75,001

 

Convertible notes payable, currently in default, net of discount of $0 and $0 at July 31, 2020 and April 30, 2020, respectively

 

 

800,533

 

 

 

323,133

 

Convertible notes payable, net of discount of $62,673 and $140,941 at July 31, 2020 and April 30, 2020, respectively

 

 

1,223,107

 

 

 

1,587,239

 

Convertible notes payable – related parties, net of discount of $6,675 and $2,232 at July 31, 2020 and April 30, 2020, respectively

 

 

123,091

 

 

 

41,268

 

PPP loan payable

 

 

167,900

 

 

 

167,900

 

SBA express bridge loan payable

 

 

10,000

 

 

 

-

 

Derivative liabilities

 

 

1,426,683

 

 

 

2,607,433

 

Total current liabilities

 

 

5,850,941

 

 

 

6,322,880

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

5,850,941

 

 

 

6,322,880

 

 

 

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ deficit:

 

 

 

 

 

 

 

 

Common stock; $0.001 par value; 25,000,000,000 shares authorized, 13,352,828,472 shares issued and outstanding at July 31, 2020 and April 30, 2020

 

 

13,352,830

 

 

 

13,352,830

 

Preferred stock; $0.001 par value; 10,000,000 shares authorized, 1,000 Series A shares issued and outstanding

 

 

1

 

 

 

1

 

Additional paid-in capital

 

 

24,370,144

 

 

 

24,370,144

 

Non-controlling interest

 

 

9,871

 

 

 

9,871

 

Accumulated (deficit)

 

 

(43,054,287 )

 

 

(43,457,807 )

Total stockholders’ deficit

 

 

(5,321,441 )

 

 

(5,724,961 )

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders’ deficit

 

$ 529,500

 

 

$ 597,919

 

 

See accompanying notes to condensed consolidated financial statements.

  

 
4

Table of Contents

  

 

MMEX RESOURCES CORPORATION

Condensed Consolidated Statements of Operations
(Unaudited)

 

 

 

Three Months Ended
July 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Revenues

 

$ -

 

 

$ -

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

183,325

 

 

 

246,107

 

Refinery start-up costs

 

 

37,700

 

 

 

51,400

 

Depreciation and amortization

 

 

8,718

 

 

 

8,587

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

229,743

 

 

 

306,094

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

(229,743 )

 

 

(306,094 )

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

Interest expense

 

 

(554,089 )

 

 

(687,972 )

Gain on derivative liabilities

 

 

1,187,352

 

 

 

255,127

 

Gain on extinguishment of liabilities

 

 

-

 

 

 

1,992

 

 

 

 

 

 

 

 

 

 

Total other income (expense)

 

 

633,263

 

 

 

(430,853 )

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes

 

 

403,520

 

 

 

(736,947 )

Provision for income taxes

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

403,520

 

 

 

(736,947 )

 

 

 

 

 

 

 

 

 

Non-controlling interest in income of consolidated subsidiaries

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

 

$ 403,520

 

 

$ (736,947 )

 

 

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

Basic

 

$ 0.00

 

 

$ (0.01 )

Diluted

 

$ 0.00

 

 

$ (0.01 )

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

13,352,828,472

 

 

 

111,310,436

 

Diluted

 

 

25,000,000,000

 

 

 

111,310,436

 

   

See accompanying notes to condensed consolidated financial statements.

  

 
5

Table of Contents

 

MMEX RESOURCES CORPORATION

Condensed Consolidated Statement of Stockholders’ Deficit

Three Months Ended July 31, 2019 (Unaudited)

 

 

 

Common Stock

 

 

Class A Preferred Stock

 

 

Additional
Paid-in

 

 

Non-Controlling

 

 

Accumulated

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Interest

 

 

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2019

 

 

68,172,427

 

 

$ 68,174

 

 

 

-

 

 

$ -

 

 

$ 35,622,398

 

 

$ 9,871

 

 

$ (39,064,118 )

 

$ (3,363,675 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares issued for: Services

 

 

30,000

 

 

 

30

 

 

 

-

 

 

 

-

 

 

 

54

 

 

 

-

 

 

 

-

 

 

 

84

 

Accrued expenses

 

 

1,116,961

 

 

 

1,117

 

 

 

-

 

 

 

-

 

 

 

10,391

 

 

 

-

 

 

 

-

 

 

 

11,508

 

Conversion of convertible notes payable and accrued interest

 

 

320,978,367

 

 

 

320,978

 

 

 

-

 

 

 

-

 

 

 

47,954

 

 

 

-

 

 

 

-

 

 

 

368,932

 

Settlement of derivative liabilities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

425,325

 

 

 

-

 

 

 

-

 

 

 

425,325

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(736,947 )

 

 

(736,947 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2019

 

 

390,297,755

 

 

$ 390,299

 

 

 

-

 

 

$ -

 

 

$ 36,106,122

 

 

$ 9,871

 

 

$ (39,801,065 )

 

$ (3,294,773 )

   

See accompanying notes to condensed consolidated financial statements.

  

 
6

Table of Contents

 

MMEX RESOURCES CORPORATION

Condensed Consolidated Statement of Stockholders’ Deficit

Three Months Ended July 31, 2020 (Unaudited)

 

 

 

Common Stock

 

 

Series A Preferred Stock

 

 

Additional
Paid-in

 

 

Non-Controlling

 

 

Accumulated

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Interest

 

 

Deficit

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2020

 

 

13,352,828,472

 

 

$ 13,352,830

 

 

 

1,000

 

 

$ 1

 

 

$ 24,370,144

 

 

$ 9,871

 

 

$ (43,457,807 )

 

$ (5,724,961 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

403,520

 

 

 

403,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2020

 

 

13,352,828,472

 

 

$ 13,352,830

 

 

 

1,000

 

 

$ 1

 

 

$ 24,370,144

 

 

$ 9,871

 

 

$ (43,054,287 )

 

$ (5,321,441 )

    

See accompanying notes to condensed consolidated financial statements.

  

 
7

Table of Contents

 

MMEX RESOURCES CORPORATION

Condensed Consolidated Statements of Cash Flows
(Unaudited)

 

 

 

Three Months Ended
July 31,

 

 

 

2020

 

 

2019

 

Cash flows from operating activities:

 

 

 

 

 

 

Net income (loss)

 

$ 403,520

 

 

$ (736,947 )

Adjustments to reconcile net income (loss) to net cash used in operating activities:

 

 

 

 

 

 

 

 

Depreciation and amortization expense

 

 

8,718

 

 

 

8,587

 

Gain on derivative liabilities

 

 

(1,187,352 )

 

 

(255,127 )

Amortization of debt discount

 

 

80,428

 

 

 

591,069

 

Interest expense added to convertible note payable principal

 

 

35,000

 

 

 

-

 

Stock-based compensation

 

 

-

 

 

 

84

 

Gain on extinguishment of liabilities

 

 

-

 

 

 

(1,992 )

Decrease in prepaid expenses and other current assets

 

 

7,223

 

 

 

11,115

 

Increase (decrease) in liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

39,214

 

 

 

(15,848 )

Accrued expenses

 

 

431,286

 

 

 

64,358

 

Accounts payable and accrued expenses – related party

 

 

109,485

 

 

 

19,819

 

Net cash used in operating activities

 

 

(72,478 )

 

 

(314,882 )

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Purchase of property and equipment

 

 

-

 

 

 

(2,463 )

Net cash used in investing activities

 

 

-

 

 

 

(2,463 )

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from convertible notes payable

 

 

-

 

 

 

365,300

 

Proceeds from convertible notes payable – related party

 

 

10,000

 

 

 

-

 

Repayments of convertible notes payable

 

 

-

 

 

 

(100,000 )

Proceeds from SBA express bridge loan payable

 

 

10,000

 

 

 

-

 

Net cash provided by financing activities

 

 

20,000

 

 

 

265,300

 

 

 

 

 

 

 

 

 

 

Net decrease in cash

 

 

(52,478 )

 

 

(52,045 )

Cash at the beginning of the period

 

 

66,830

 

 

 

55,188

 

Cash at the end of the period

 

$ 14,352

 

 

$ 3,143

 

   

Supplemental disclosure:

 

 

 

 

 

 

Interest paid

 

$ -

 

 

$ 10,402

 

Income taxes paid

 

 

-

 

 

 

-

 

Non-cash investing and financing activities:

 

 

 

 

 

 

 

 

Derivative liabilities for related party debt discount

 

 

6,602

 

 

 

-

 

Convertible notes payable – related party for accrued expenses

 

 

76,266

 

 

 

-

 

Common stock issued in conversion of debt

 

 

-

 

 

 

368,932

 

Common stock issued for accrued expenses

 

 

-

 

 

 

13,500

 

Settlement of derivative liabilities

 

 

-

 

 

 

425,325

 

Derivative liabilities for debt discount

 

 

-

 

 

 

46,812

 

Related party gain on common shares issued for services

 

 

-

 

 

 

2,491

 

  

See accompanying notes to condensed consolidated financial statements.

  

 
8

Table of Contents

 

MMEX RESOURCES CORPORATION

Notes to Condensed Consolidated Financial Statements

Three Months Ended July 31, 2020
(Unaudited)

 

NOTE 1 – BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION

 

MMEX Resources Corporation (the “Company” or “MMEX”) is a company engaged in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. We plan to focus on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America using the expertise of our principals to identify, finance and acquire these projects. The most significant focus of our current business plan is to build crude oil refining facilities in the Permian Basin in West Texas.

 

MMEX was formed as a Nevada corporation in 2005. The current management team led an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed on September 23, 2010 and changed the Company’s name to MMEX Mining Corporation on February 11, 2011 and to MMEX Resources Corporation on April 6, 2016

 

The accompanying condensed consolidated financial statements include the accounts of the following entities, all of which the Company maintains control through a majority ownership or through common ownership:

 

Name of Entity

 

%

 

 

Form
of Entity

 

State of
Incorporation

 

Relationship

 

 

 

 

 

 

 

 

 

 

 

 

MMEX Resources Corporation (“MMEX”)

 

 

-

 

 

Corporation

 

Nevada

 

Parent

 

Pecos Refining & Transport, LLC (“Pecos Refining”)

 

 

100 %

 

Corporation

 

Texas

 

Subsidiary

 

Armadillo Holdings Group Corp. (“AHGC”)

 

 

100 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 

Armadillo Mining Corp. (“AMC”)

 

 

98.6 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 

 

Pecos Refining was formed in June 2017 with the Company as its sole member. Through Pecos Refining, the Company plans to build and commence operations of a crude oil distillation unit in the Permian Basin in West Texas.

 

As of April 13, 2016, the Company assigned AMC to an irrevocable trust (the “Trust”), whose beneficiaries are the existing shareholders of MMEX. The accounts of AMC are included in the consolidated financial statements due to the common ownership. AMC through the Trust controls the Hunza coal interest previously owned by MMEX.

 

All significant inter-company transactions have been eliminated in the preparation of the consolidated financial statements.

 

These financial statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the information contained therein.

   

The Company has adopted a fiscal year end of April 30.

  

 
9

Table of Contents

  

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Our significant accounting policies are described in our Annual Report on Form 10-K for the year ended April 30, 2020 filed with the SEC on August 13, 2020.

 

Consolidation

 

The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries and entities under common ownership. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders’ deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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. Actual results could differ from those estimates.

 

Property and equipment

 

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows:

 

Office furniture and equipment

10 years

Computer equipment and software

5 years

Refinery land improvements

15 years

Refinery land easements

10 years

 

The refinery land easements owned by the Company have a legal life of 10 years.

 

Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.

 

The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.

  

 
10

Table of Contents

  

Derivative liabilities

 

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

 

Fair value of financial instruments

 

Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

 

An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

 

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.

 

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

 

July 31, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 1,426,683

 

 

$ -

 

 

$ -

 

 

$ 1,426,683

 

 

April 30, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 2,607,433

 

 

$ -

 

 

$ -

 

 

$ 2,607,433

 

  

 
11

Table of Contents

    

Revenue Recognition

 

The Company has adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. To date, the Company has no operating revenues; therefore, there was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

 

Refinery start-up costs

 

Costs incurred prior to opening the Company’s proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting, are recorded as start-up costs and expensed as incurred.

 

Basic and diluted income (loss) per share

 

Basic net income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock.

 

Basic weighted average number common shares outstanding are reconciled to diluted weighted average number of common shares outstanding as follows:

 

 

 

Three Months Ended
July 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Basic weighted average number of shares

 

 

13,352,828,472

 

 

 

111,310,436

 

Dilutive effect of options, warrants and convertible notes payable

 

 

11,647,171,528

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Diluted weighted average number of shares

 

 

25,000,000,000

 

 

 

111,310,436

 

   

 
12

Table of Contents

    

Employee Stock-based compensation

 

Pursuant to FASB ASC 718, all share-based payments to employees, including grants of employee stock options, are recognized in the statement of operations based on their fair values. For the three months ended July 31, 2020 and 2019, the Company had no-based compensation to employees.

   

Issuance of shares for non-cash consideration

 

The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

 

Reclassifications

 

Certain amounts in the consolidated financial statements for the prior-year period have been reclassified to conform with the current-year period presentation.

 

Recently Issued Accounting Pronouncements

 

There were no new accounting pronouncements issued by the FASB during the three months ended July 31, 2020 and through the date of filing of this report that the Company believes will have a material impact on its consolidated financial statements.

 

NOTE 3 – GOING CONCERN

 

Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. We have incurred continuous losses from operations, have an accumulated deficit of $43,054,287 and a total stockholders’ deficit of $5,321,441 at July 31, 2020, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months, and we expect to have ongoing requirements for capital investment to implement our business plan, including the construction of our proposed refinery project. Finally, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which we operate.

 

Since inception, our operations have primarily been funded through private debt and equity financing, and we expect to continue to seek additional funding through private or public equity and debt financing. Most recently, we have funded our operations from the proceeds of convertible debt. However, we currently do not have sufficient authorized shares of common stock to secure additional convertible debt funding. The ongoing Covid-19 worldwide pandemic has negatively impacted capital markets adding to the difficulty of raising either debt or equity financing.

 

Our ability to continue as a going concern is dependent on our ability to generate sufficient cash from operations to meet our cash needs and/or to raise funds to finance ongoing operations and repay debt. However, there can be no assurance that we will be successful in our efforts to raise additional debt or equity capital and/or that our cash generated by our operations will be adequate to meet our needs. These factors, among others, raise substantial doubt that we will be able to continue as a going concern for a reasonable period of time.

 

The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

 
13

Table of Contents

  

NOTE 4 – RELATED PARTY TRANSACTIONS

 

As of July 31, 2020, accounts payable and accrued expenses to related parties, consisting primarily of consulting fees and expense reimbursements payable, totaled $269,733 consisting of $89,380 payable to Maple Resources Corporation (“Maple Resources”), $31,633 to a former officer, $146,654 to consultants who are significant shareholders or affiliates of our President and CEO and $2,066 accrued interest payable on related party convertible notes payable.

 

As of April 30, 2020, accounts payable and accrued expenses to related parties totaled $236,514 consisting of $101,012 payable to Maple Resources, $31,633 to a former officer, $103,179 to consultants who are significant shareholders or affiliates of our President and CEO and $690 accrued interest payable on related party convertible notes payable.

 

Effective July 1, 2019, we entered into a consulting agreement with Maple Resources, a related party controlled by our President and CEO, that provides for payment of consulting fees and expense reimbursement related to the development of the refinery project, financing and other corporate activities. Effective January 1, 2020, the Maple consulting agreement was amended to provide for monthly consulting fees of $17,897. During the three months ended July 31, 2020 and 2019, we incurred consulting fees to Maple Resources totaling $53,691 and $79,991, respectively.

 

In addition, the consulting agreement provides for the issuance to Maple Resources of shares of our common stock each month with a value of $5,000, with the number of shares issued based on the average closing price of the stock during the prior month. Because no authorized common shares are currently available, no shares have been issued to Maple Resources in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.

 

Effective October 1, 2018, we entered into a consulting agreement with a related party to issue shares of our common stock each month with a value of $2,500, with the number of shares issued based on the average closing price of the stock during the prior month. The related party consultant provides certain administrative and accounting services and is reimbursed for expenses paid on behalf of the Company. As of July 31, 2020, consulting fees of $22,500 were payable in stock, and the related party had also advanced the Company $23,654, for a total of $46,154 included in accounts payable and accrued expenses – related parties. As of April 30, 2020, consulting fees of $15,000 were payable in stock, and the related party had also advanced the Company $18,179, for a total of $33,179 included in accounts payable and accrued expenses – related parties. Because no authorized common shares are currently available, no shares have been issued to the related party in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.

 

As a condition for entering into an October 9, 2018 convertible debenture (see Note 8), the lender required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the “Affiliates”), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to the lender to secure the repayment of the debenture by the Company. The pledge agreement was later amended to substitute 1,000 shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A Preferred stock) for the Class B Common Stock. As consideration to the Affiliates for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company’s common stock at $0.08 per share.

  

 
14

Table of Contents

    

As more fully discussed in Note 9, Maple Resources, BNL Family Trust (a trust established for the benefit of Bruce Lemons, a director of the Company, and his family) and an individual who is a consultant and shareholder of the Company have provided funding to the Company or converted accounts payable and accrued expenses in the form of convertible notes payable. As of July 31, 2020, total principal of $129,766 and accrued interest payable of $2,066 were outstanding, and as of April 30, 2020, total principal of $43,500 and accrued interest payable of $690 were outstanding.

 

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Office furniture and equipment

 

$ 13,864

 

 

$ 13,864

 

Computer equipment and software

 

 

10,962

 

 

 

10,962

 

Refinery land

 

 

67,088

 

 

 

67,088

 

Refinery land improvements

 

 

452,005

 

 

 

452,005

 

Refinery land easements

 

 

37,015

 

 

 

37,015

 

 

 

 

580,934

 

 

 

580,934

 

Less accumulated depreciation and amortization

 

 

(82,608 )

 

 

(73,890 )

 

 

 

 

 

 

 

 

 

 

 

$ 498,326

 

 

$ 507,044

 

 

On July 28, 2017, the Company acquired 126 acres of land located near Fort Stockton, Texas for $67,088. This 126-acre parcel is the tract on which the Company intends to build a crude oil refinery (Note 6). Subsequently through April 30, 2020, the Company incurred a total of $478,480 additional costs to acquire certain easements related to the land parcel and make other improvements.

 

Depreciation and amortization expense totaled $8,718 and $8,587 for the three months ended July 31, 2020 and 2019, respectively.

 

NOTE 6 – REFINERY PROJECT

 

On March 4, 2017, we entered into an agreement with Maple Resources, a related party, to acquire all of Maple’s right, title and interest (the “Rights”) in plans to build a crude oil refinery in Pecos County, Texas (the “Refinery Transaction”). On July 28, 2017, we acquired a 126-acre parcel of the land, which is the site for our project, at a purchase price of $550 per acre, or $67,088.

 

The focus of our current business plan is to build crude oil distillation units and refining facilities in the Permian Basin in West Texas (hereinafter referred to as the “Projects”, or the “Distillation Unit” or the “CDU” or the “Refinery”). We intend to implement our current business plan now in several phases, First, through our subsidiary, Pecos Refining, we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit, now permitted by the TCEQ, that will produce a non-transportation grade diesel primarily for sale in the local market for drilling mud and frac fluids, along with naphtha and residual fuel oil to be sold to other refiners. In additional phases as separate projects we are contemplating building a second and possibly a third CDU with capacity of 10,000 bpd each. We contemplate that these projects will be built on land owned or land being negotiated for purchase by the Company. As of this date, we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd (the “Louisiana Gulf Project”). Our ability to implement this business plan will depend upon the availability of debt and equity financing, as to which there can be no assurance.

  

 
15

Table of Contents

  

NOTE 7 – ACCRUED EXPENSES

 

Accrued expenses consisted of the following at:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Accrued payroll

 

$ 30,090

 

 

$ 30,090

 

Accrued consulting

 

 

18,000

 

 

 

24,000

 

Accrued interest and penalties

 

 

840,102

 

 

 

402,126

 

Other

 

 

62,541

 

 

 

63,231

 

 

 

 

 

 

 

 

 

 

 

 

$ 950,733

 

 

$ 519,447

 

    

NOTE 8 – NOTES PAYABLE

 

Note Payable, Currently in Default

 

Note payable, currently in default, consists of the following at:

 

 

 

July 31,
2020

 

 

April 30,
2020

 

 

 

 

 

 

 

 

Note payable to an unrelated party, matured March 18, 2014, with interest at 10%

 

$ 75,001

 

 

$ 75,001

 

 

 

 

 

 

 

 

 

 

 

 

$ 75,001

 

 

$ 75,001

 

 

Accrued interest payable on note payable, currently in default, totaled $53,384 and $51,509 at July 31, 2020 and April 30, 2020, respectively.

   

 
16

Table of Contents

      

Convertible Notes Payable, Currently in Default

 

Convertible notes payable, currently in default, consist of the following:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $370 per share

 

$ 25,000

 

 

$ 25,000

 

Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $100 per share

 

 

50,000

 

 

 

50,000

 

Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price

 

 

59,400

 

 

 

59,400

 

Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

53,028

 

 

 

53,028

 

Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

42,365

 

 

 

42,365

 

Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

91,331

 

 

 

91,331

 

Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

2,009

 

 

 

2,009

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

35,900

 

 

 

-

 

Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

-

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

-

 

Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

275,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

800,533

 

 

 

323,133

 

Less discount

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total

 

$ 800,533

 

 

$ 323,133

 

 

Effective January 11, 2019, the Company issued and delivered to One44 Capital LLC (“One44”) a 10% convertible note in the principal amount of $120,000. The Company received net proceeds of $114,000 after payment of $6,000 of the fees and expenses of the lender and its counsel. One44, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company, with a floor of $0.03 per share. The note matured on January 11, 2020 and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $59,400 as of July 31,2020 and April 30, 2019.

  

 
17

Table of Contents

  

Effective January 17, 2019, the Company issued and delivered to JSJ Investments, Inc. (“JSJ”) a 12% convertible note in the principal amount of $125,000. The Company received net proceeds of $122,000 after payment of $3,000 of the fees and expenses of the lender and its counsel. JSJ, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at $0.03 per share or, upon the occurrence of certain defined defaults, at a 42% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 17, 2020, with the interest rate increasing to 18%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 135% to 150% during the first 180 days after issuance. The principal balance was increased by a penalty of $10,700. The note had a principal balance of $53,028 as of July 31, 2020 and April 30, 2020.

 

Effective April 24, 2019, the Company issued and delivered to EMA Financial, LLC (“EMA”) a 10% convertible note in the principal amount of $55,000. The note was issued at a discount and the Company received net proceeds of $50,000 after payment of $3,750 of the fees and expenses of the lender and its counsel. EMA, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to the day the notice of conversion is received by the Company. The note matured on January 24, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 180 days the Note is in effect, the Company may redeem the note at redemption prices ranging from 120% to $140%. The Company may not redeem the note after 180 days from the issuance date. In November 2019, a penalty of $25,000 was added to the principal of the note. The note had a principal balance of $42,365 as of July 31, 2020 and April 30, 2020.

 

Effective January 31, 2019, the Company issued and delivered to Auctus Fund, LLC (“Auctus”) a 10% convertible note in the principal amount of $125,000. The Company received net proceeds $112,250 after payment of $12,750 of the fees and expenses of the lender and its counsel. Auctus, on or following the 180th calendar day after the issuance date of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock a 40% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 31, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 120% to 135% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $91,331 as of July 31, 2020 and April 30, 2020.

 

Effective February 27, 2019, the Company issued and delivered to Coventry Enterprises, LLC (“Coventry”) a 10% convertible note in the principal amount of $55,000. The Company received net proceeds of $52,500 after payment of $2,500 of the fees and expenses of the lender and its counsel. Coventry, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company. The note matured on February 27, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 150 days the Note is in effect, the Company may redeem the note at a redemption price of 135%. The note had a principal balance of $2,009 as of July 31, 2020 and April 30, 2020.

 

Effective February 7, 2019, the Company issued and delivered to Geneva Roth Remark Holdings, Inc. (“Geneva”) a 12% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company’s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on May 7, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $35,900 as of July 31, 2020 and April 30, 2020.

 

 
18

Table of Contents

 

Effective March 25, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company’s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on June 25, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.

 

Effective May 7, 2019, the Company issued and delivered to Odyssey Capital Funding LLC (“Odyssey”) a 10% convertible note in the principal amount of $100,000. The Company received $95,000 after payment of $5,000 of fees and expenses of the lender and its counsel. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the conversion date (with a floor of $0.03 per share for the six months following the date of the note). The note matured on May 7, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $10,000 has been added to the principal of the note. The note had a principal balance of $110,000 and $100,000 as of July 31, 2020 and April 30, 2020, respectively.

 

Effective June 19, 2019, the Company issued and delivered to Odyssey a 10% convertible note in the principal amount of $250,000. Of the note proceeds, $144,296 was paid to One44 to redeem its February 27, 2019 convertible note and the Company received $80,704 after payment of $25,000 of legal and brokerage fees. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the date of conversion (with a floor of $0.03 per share for the six months following the date of the note). The note matured on June 19, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $25,000 has been added to the principal of the note. The note had a principal balance of $275,000 and $250,000 as of July 31, 2020 and April 30, 2020, respectively.

 

 
19

Table of Contents

   

Current Convertible Notes Payable

 

Current convertible notes payable consisted of the following at:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

$ 24,700

 

 

$ 24,700

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

70,000

 

 

 

70,000

 

Original issue discount convertible debenture to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

600,000

 

 

 

600,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

200,000

 

 

 

200,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

90,000

 

 

 

90,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

35,900

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

110,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

100,000

 

Note payable to an accredited investor, maturing June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

250,000

 

Note payable to an accredited investor, maturing June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

56,500

 

Note payable to an accredited investor, maturing September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

56,500

 

Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price

 

 

10,000

 

 

 

10,000

 

 

 
20

Table of Contents

  

Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price – See discussion under Long-Term Convertible Notes Payable below:

 

 

 

 

 

 

Advance dated September 13, 2018, maturing September 13, 2020

 

 

1,380

 

 

 

1,380

 

Advance dated October 16, 2018, maturing October 16, 2020

 

 

123,200

 

 

 

123,200

 

Total

 

 

1,285,780

 

 

 

1,728,180

 

Less discount

 

 

(62,673 )

 

 

(140,941 )

 

 

 

 

 

 

 

 

 

Net

 

$ 1,223,107

 

 

$ 1,587,239

 

 

Effective September 13, 2018, the Company issued and delivered to GS Capital Partners, LLC (“GS”) a 10% convertible note in the principal amount of $110,000. The note was issued at a discount, resulting in the Company’s receipt of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock (i) during the first 180 days, at a price of $3.00 per share of common stock and (ii) thereafter at a 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $24,700 as of July 31, 2020 and April 30, 2020.

 

Effective September 18, 2018, the Company issued and delivered to GS a 10% convertible note in the principal amount of $70,000. The note was issued at a discount and the Company received no net proceeds. GS paid $56,589 on behalf of the Company to a prior lender in settlement of a dispute and $9,101 was paid for fees and expenses of GS and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion (with a floor of $3.00 per share during the first six months after issuance.) The maturity date of the note has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the note at redemption prices ranging from 130% to 145% during the first 180 days after issuance. The note had a principal balance of $70,000 as of July 31, 2020 and April 30, 2020.

 

Effective October 9, 2018, the Company issued and delivered to GS a 10% convertible debenture in the principal amount of $600,000. The debenture was issued with an original issue discount of $50,000, resulting in the Company’s receipt of $550,000 of net proceeds. The debenture was issued pursuant to a securities purchase agreement, which allows for the issuance of additional debentures to one or more holders on substantially identical terms. GS, at its option on and after the six-month anniversary of the date of issuance, may convert the unpaid principal balance of, and accrued interest on, the debentures into shares of common stock thereafter at a 40% discount from the average of the three lowest trading price during the 25 days prior to conversion. The maturity date of the debenture has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the debenture at redemption prices ranging from 112% to 137% during the first 180 days after issuance. The debenture had a principal balance of $600,000 as of July 31, 2020 and April 30, 2020. Affiliates of Jack W. Hanks and Bruce Lemons, our directors, pledged their shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A preferred stock) to GS to secure the repayment of the debenture by the Company.

  

 
21

Table of Contents

 

Effective March 31, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $200,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to November 30, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $200,000 as of July 31, 2020 and April 30, 2020.

 

Effective February 4, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $90,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to February 4, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $90,000 as of July 31, 2020 and April 30, 2020.

 

Effective February 20, 2019, the Company issued and delivered to GS a 10% convertible note in the principal amount of $110,000. The note was issued at a discount and the Company received net proceeds of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. During the first 180 days, GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.08 per share and thereafter at 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $110,000 as of July 31, 2020 and April 30, 2020.

 

Effective June 4, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount and the Company received $50,000 after an original issue discount of $3,500 and payment of $3,000 of fees and expenses of the lender and its counsel. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matures on September 4, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The Company may not redeem the note after the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.

 

Effective December 27, 2020, the Company issued and delivered to a consultant a 5% convertible note in the principal amount of $10,000 in payment of accrued fees of $10,000. Subject to available common shares to issue, the note is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company. On December 27, 2019, the consultant simultaneously submitted a notice to convert the note into 9,090,909,091 shares of the Company’s common stock. The conversion was not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock. The note had a principal balance of $10,000 as of July 31, 2020 and April 30, 2020.

 

Effective September 13, 2018, the Company issued and delivered to Vista Capital Investments, LLC (“Vista”) a convertible note in the original maximum principal amount of $550,000 (consisting of an initial advance of $100,000 on such date and possible future advances). An original issue discount equal to 10% of each advance will be added to principal. The maturity date of advances under the convertible note is two years from the date of each advance. Terms of the convertible note include certain penalties for additional principal and changes in conversion prices when the trading price of the Company’s common stock decreases to defined levels.

  

 
22

Table of Contents

 

An original issue discount of $10,000 and a one-time 12% interest charge of $13,200 was added to the $100,000 advance at inception, resulting in total initial principal of $123,200. As of July 31, 2020 and April 30, 2020, the note had a principal balance of $1,380.

 

On October 16, 2018, the Company received proceeds of $200,000 from a second advance under the Vista long-term convertible note. An original issue discount of $20,000 and a one-time 12% interest charge of $26,400 was added to the note principal, resulting in total principal of $246,400. Effective May 14, 2019, Vista assigned $123,200 of this note, resulting in a principal balance of $123,200 as of July 31, 2020 and April 30, 2020.

 

On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company’s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company’s equity securities.

 

The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

Accrued interest payable on convertible notes payable totaled $437,867 and $351,307 at July 31, 2020 and April 30, 2020, respectively.

 

The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

There were no conversions of convertible notes payable during the three months ended July 31, 2020.

  

 
23

Table of Contents

    

NOTE 9 – NOTES PAYABLE – RELATED PARTY

 

Convertible notes payable – related party consisted of the following: at July 31, 2020 and 2019:

 

 

 

 

 

Balance

 

Related Party

 

Maturity Date

 

Consideration

 

July 31, 2020

 

 

April 30, 2020

 

Maple Resources Corporation

 

December 27, 2020

 

Cash of $5,500 and Financing Fees of $5,500

 

$ 11,000

 

 

$ 11,000

 

BNL Family Trust

 

December 27, 2020

 

Cash

 

 

11,000

 

 

 

11,000

 

Shareholder and consultant

 

December 27, 2020

 

Accrued Consulting Fees

 

 

10,000

 

 

 

10,000

 

Shareholder and consultant

 

January 22, 2021

 

Cash

 

 

6,500

 

 

 

6,500

 

Maple Resources Corporation

 

February 12, 2021

 

Cash

 

 

5,000

 

 

 

5,000

 

Maple Resources Corporation

 

March 2, 2021

 

Cash

 

 

800

 

 

 

-

 

Maple Resources Corporation

 

May 12, 2021

 

Accrued Consulting Fees

 

 

41,466

 

 

 

-

 

Shareholder and consultant

 

May 14, 2021

 

Accrued Consulting Fees

 

 

34,000

 

 

 

-

 

Maple Resources Corporation

 

July 31, 2021

 

Cash

 

 

10,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

129,766

 

 

 

43,500

 

Less discount

 

 

 

 

 

 

(6,675 )

 

 

(2,232 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

$ 123,091

 

 

$ 41,268

 

 

The convertible notes payable – related party accrue interest at an annual rate of 5%. Accrued interest payable totaled $2,066 and $690at July 31, 2020 and April 30, 2020, respectively.

 

Subject to available common shares available to issue, the convertible notes payable – related party are convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company.

 

The Company has identified the conversion feature of its convertible notes payable – related party as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

On the effective date of each respective convertible note payable detailed above, the related party lenders simultaneously submitted notices to convert the total note principal of loans into shares of the Company’s common stock. The conversions were not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock.

 

NOTE 10 – OTHER NOTES PAYABLE

 

With an effective date of April 20, 2020, a loan to the Company was approved under the terms and conditions of the Paycheck Protection Program of the United States Small Business Administration (“SBA”) and the CARES Act (2020) (H.R. 748) (15 U.S.C. 636 et seq.) ( the “Act” ) in the amount of $167,900 and was funded on April 21, 2020. The loan may be forgiven pursuant to the provisions of the Act. PPP loan payable had a balance of $167,900 at July 31, 2020 and April 30, 2020.

  

 
24

Table of Contents

 

On July 14, 2020, the Company received $10,000 pursuant to the SBA’s Express Bridge Loan Pilot Program. This program allows small businesses who have a business relationship with an SBA Express Lender to access up to $25,000 quickly. The funds were advanced to the Company since it has applied for an Economic Injury Disaster Loan (“EIDL”). The loan had a balance of $10,000 at July 31, 2020 and is to be repaid in full by proceeds from the EIDL.

 

NOTE 11 – DERIVATIVE LIABILITIES

 

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

  

During the three months ended July 31, 2020, we had the following activity in our derivative liabilities:

 

 

 

Options and

 

 

Convertible

 

 

 

 

 

Warrants

 

 

Notes

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2020

 

$ 15

 

 

$ 2,607,418

 

 

$ 2,607,433

 

New issuances of options, warrants and debt

 

 

-

 

 

 

6,602

 

 

 

6,602

 

Change in fair value of derivative liabilities

 

 

(13 )

 

 

(1,187,339 )

 

 

(1,187,352 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2020

 

$ 2

 

 

$ 1,426,681

 

 

$ 1,426,683

 

 

Key inputs and assumptions used in valuing the Company’s derivative liabilities as of July 31, 2020 are as follows:

 

 

·

Stock prices on all measurement dates were based on the fair market value

 

·

Risk-free interest rate of 0.07% - 0.11%

 

·

The probability of future financing was estimated at 100%

 

·

Computed volatility ranging from 1,546.4 to 1,524.8%

    

These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

 

 
25

Table of Contents

    

NOTE 12 – STOCKHOLDERS’ DEFICIT

 

Authorized Shares

 

As of July 31, 2020, the Company had authorized 25,010,000,000 shares consisting of 25,000,000,000 shares of common stock and 10,000,000 shares of preferred stock.

 

Effective July 30, 2019, the Company filed a Certificate of Designation designating Series A preferred stock consisting of 1,000 shares and having the rights and preferences set forth in the Certificate of Designation of the Series A preferred stock, as detailed below. Shareholders owning in excess of 50.1% of the outstanding shares of voting common stock of the Company executed a written consent approving an amendment to Article IV of the Amended and Restated Articles of Incorporation of the Company for this proposal.

 

Common Stock Issuances

 

During the three months ended July 31, 2020, the Company did not issue any shares of its common stock.

 

During the three months ended July 31, 2019, the Company issued a total of 322,125,328 shares of its common stock: 30,000 shares for services valued at $84; 1,116,961 shares valued at $11,508 in payment of accrued expenses of $13,500 resulting in a gain on extinguishment of debt of $1,992 and 320,978,367 shares valued at $368,932 in conversion of convertible notes principal of $361,614, accrued interest payable of $5,568 and payment of fees of $1,750. Settlement of derivative liabilities in the debt conversions totaled $425,325.

 

Series A Preferred Stock

 

The Series A preferred stock has no redemption, conversion or dividend rights; however, the holders of the Series A preferred stock, voting separately as a class, has the right to vote on all shareholder matters equal to 51% of the total vote.

 

Effective August 1, 2019, the Company issued 1,000 shares of Series A preferred stock to Maple Resources, a related party, for services rendered. The shares were valued at $23,900 by an independent valuation firm.

 

Warrants

 

The Company has issued warrants in prior years to investors in a series of subscription agreements in equity financings or for other stock-based compensation. Certain of the warrants contain anti-dilution provisions that the Company has identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes and considering the existence of a tainted equity environment (see Note 11).

  

 
26

Table of Contents

   

A summary of warrant activity during the three months ended July 31, 2020 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

446,037,755

 

 

$ 1.00

 

 

 

1.91

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

446,037,755

 

 

$ 1.00

 

 

 

1.66

 

 

Stock Options

 

As a condition for entering into the October 9, 2018 GS convertible debenture (see Note 8), GS required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the “Affiliates”), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to GS to secure the repayment of the debenture by the Company. As consideration to the Affiliates for entering into the GS pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 common shares of the Company at $0.08 per share.

 

A summary of the stock option activity during the three months ended July 31, 2020 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

2,000,000

 

 

$ 0.08

 

 

 

8.62

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

2,000,000

 

 

$ 0.08

 

 

 

8.37

 

 

Common Stock Reserved

 

Combined with the 13,352,828,472 common shares outstanding at July 31, 2020, all authorized common shares have been issued or reserved for issuance of outstanding warrants, stock options, and convertible notes payable and no common shares are available for share issuances other than those shares included in the reserves.

 

 
27

Table of Contents

    

NOTE 13 – COMMITMENTS AND CONTINGENCIES

 

Legal

 

On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS Capital Partners, LLC (“GS Capital”) to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company’s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company’s equity securities.

 

On July 14, 2020, a consultant for rail services to the Company filed a complaint against the Company and its CEO Jack W Hanks, an individual, for payment of $100,000 of consulting fees. The Court Action is filed as CRU Trading Co, Plaintiff, v. MMEX Resources Corp and Jack W. Hanks in the District Court of Harris, County Texas Cause No. 2020-41853/Court;165. The Company, based on consultation with legal counsel, believes the complaint is without merit. The Company and Mr. Hanks are represented by counsel and have filed a verified denial.

 

NOTE 14 – SUBSEQUENT EVENTS

 

In accordance with ASC 855-10, all subsequent events have been reported through the filing date as set forth below.

 

Subsequent to July 31, 2020, the Company issued a total of 758,285,713 common shares to two lenders in the conversion of debt principal of $48,500 and accrued interest payable of $3,180.

 

 
28

Table of Contents

    

ITEM 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

The following discussion and analysis constitute forward-looking statements for purposes of the Securities Act and the Exchange Act and as such involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words “expect”, “estimate”, “anticipate”, “predict”, “believes”, “plan”, “seek”, “objective” and similar expressions are intended to identify forward-looking statements or elsewhere in this report. Important factors that could cause our actual results, performance or achievement to differ materially from our expectations are discussed in detail in Item 1 above. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by such factors. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Notwithstanding the foregoing, we are not entitled to rely on the safe harbor for forward looking statements under 27A of the Securities Act or 21E of the Exchange Act as long as our stock is classified as a penny stock within the meaning of Rule 3a51-1 of the Exchange Act. A penny stock is generally defined to be any equity security that has a market price (as defined in Rule 3a51-1) of less than $5.00 per share, subject to certain exceptions.

 

The following discussion should be read in conjunction with the Condensed Consolidated Financial Statements, including the notes thereto.

 

Overview

 

Business Plan

 

MMEX Resources Corporation was formed as a Nevada corporation in 2005. The current management team lead an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed on September 23, 2010 and changed the Company’s name to MMEX Mining Corporation on February 11, 2011. As of April 12, 2016, the Company changed its name from MMEX Mining Corporation to MMEX Resources Corporation to reflect the change in its business plan to an energy focus in the Americas.

 

We are a development stage company engaged in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. We plan to focus on the acquisition, development and financing of oil, gas, refining and electric power projects in the Americas using the expertise of our principals to identify, finance and acquire these projects.

 

The focus of our current business plan is to build crude oil distillation units and refining facilities in the Permian Basin in West Texas (hereinafter referred to as the “Projects”, or the “Distillation Unit” or the “CDU” or the “Refinery”). We intend to implement our current business plan now in several phases, First, through our subsidiary, Pecos Refining, we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit, now permitted by the TCEQ, that will produce a non-transportation grade diesel primarily for sale in the local market for drilling mud and frac fluids, along with naphtha and residual fuel oil to be sold to other refiners. In additional phases as separate projects we are contemplating building a second and possibly a third CDU with capacity of 10,000 bpd each. We contemplate that these projects will be built on land owned or land being negotiated for purchase by the Company. As of this date, we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd (the “Louisiana Gulf Project”).

 

 
29

Table of Contents

 

Initially, Pecos Refining, the owner of the 1st Distillation Unit, and the other entities we may form to own and operate the 2nd and 3rd Distillation Units, and the Hydrotreater will be wholly owned subsidiaries of the Company. However, the construction of the Distillation Units and Hydrotreater will require substantial equity and debt financing, far beyond the expected resources of the Company, and we anticipate that these Subsidiaries will obtain equity and debt financing to finance the cost of construction. We anticipate these Subsidiaries will be able to finance approximately 65 to 70% of the total costs of the Distillation Units through debt financing, and the remaining 35 to 30% of the total costs would be financed through equity investments. To the extent these Subsidiaries raise money through the issuance of equity securities, our ownership will be diluted. We intend to retain managerial control of the Subsidiaries; however, our economic ownership of such entities may be a minority interest. As such, we will be entitled to only a portion of any future distributions made by these Subsidiaries.

 

Current Business Operations and Strategy

 

The Company’s business plan has not changed and it continues to evolve into additional potential components:

 

 

The addition of a 2nd CDU at our present site Pecos County Texas site and potentially a 3rd CDU at another location

 

Adding a Crude by Rail transportation and export component

 

Adding a Hydrotreater as separate component to produce transportation grade diesel

 

Development of a Terminal and Storage facility on the Texas Gulf Coast

 

Organization of a Trading Company for exporting physical petroleum products to Latin American markets

 

Associated gas and gas liquids treating

 

Development of a Solar Project to power the Projects by solar energy

 

Acquisition of an existing refinery in the Louisiana Gulf Coast-Mississippi River area

 

We plan on marketing and distributing refined products in the Western areas of the United States and Mexico, and we may export product to Latin America. The Projects will be located on the Texas Pacifico Railroad rail route 20 miles Northeast of Fort Stockton, Texas, approximately 1.5 miles from the Sulphur Junction on the Texas Pacifico Railroad (“TXPF”) . Effective August 14, TXPF awarded a $14M contract to start rail improvement work immediately as part of a phased, multi-year capex program to further enhance the railroad. At the same time, the parent company of TXPF, Grupo México Transportes, through Ferromex, has also embarked on a project of similar size and scope (~$15M) on the Mexican side of the border going towards Chihuahua, Mexico. These joint projects are projected to be completed by the end of the first quarter of 2021, which will allow rail traffic over the bridge at Presidio, Texas /Ojinaga, Mexico and this corridor in April.

 

Once these rail improvements are completed, the TXPF will connect to the Ferromex RR in Ojinago, Mexico, giving us access to the western Mexico markets.

 

The Company has hired VFuels Oil & Gas Engineering and Saulsbury Industries (the “EPCs”) with respect to the construction of the 1st CDU. The total indicated cost estimate including continencies and owner costs plus or minus 10% is $ 112 Million for the 1st CDU. Once we close on the financing and issue the notice to proceed, the completion and start-up date guaranteed by the EPCs is 15 months. We expect the 2nd CDU to be less in cost than the 1st CDU and the Hydrotreater capex to be in the range of $25,000,000. The total indicated cost of the 1st CDU, the 2nd CDU and the Hydrotreater is in the range of $250 million.

  

 
30

Table of Contents

  

Constructing the Projects will require a significant number of governmental permits and approvals. The principal permit for the construction is the Air Permit issued by TCEQ, which has been received for the 1st CDU.

 

Through July 31, 2020, we have had no revenues and have reported continuing losses from operations.

 

Results of Operations

 

Revenues

 

We have not yet begun to generate revenues.

 

General and Administrative Expenses

 

Our general and administrative expenses decreased to $183,325 for the three months ended July 31, 2020 from $246,107 for the three months ended July 31, 2019. The decrease resulted from lower salaries, travel and other expenses associated with securing debt financing and administrative activities of our refinery project due to limitations on funding during the current fiscal year.

 

Refinery Start-Up Costs

 

During the three months ended July 31, 2020 and 2019, our refinery start-up costs totaled $37,700 and $51,400, respectively. We expense the direct costs incurred prior to opening our proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting. These amounts represent reduced levels due to financing constraints. The levels of spending on the development of our refinery will vary from period to period based on availability of financing.

 

Depreciation and Amortization Expense

 

Our depreciation and amortization expense results from the depreciation of refinery land improvements and amortization of refinery land easements and totaled to $8,718 and $8,587 for the three months ended July 31, 2020 and 2019, respectively.

 

Other Income (Expense)

 

Our interest expense includes interest accrued on debt, amortization of debt discount and penalties assessed on debt. Interest expense totaled $554,089 and $687,972 for the three months ended July 31, 2020 and 2019, respectively. This decrease in interest expense is due no material new non-related party convertible debt in the current year second and third quarters, resulting in less amortization of debt discount to interest expense, partially offset by an increase in loan penalties.

 

We reported gains on derivative liabilities of $1,187,352 and $255,127 for the three months ended July 31, 2020 and 2019, respectively. We have issued warrants that contain certain anti-dilution provisions that we have identified as derivatives. We also identified the variable conversion feature of certain convertible notes payable as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

  

 
31

Table of Contents

 

We reported a gain on extinguishment of liabilities of $1,992 for the three months ended July 31, 2019 related to the issuance of our common shares in payment of accrued expenses. Where shares of our common stock are issued in extinguishment of liabilities, we record the value of the shares issued at the current market price, which at times may differ from the book value of the debt, resulting in a gain or loss on extinguishment of liabilities. We reported no gain or loss on extinguishment of liabilities for the three months ended July 31, 2020.

 

Net Income (Loss)

 

As a result of the above, we reported net income of $403,520 for the three months ended July 31, 2020 and a net loss of $736,947 for the three months ended July 31, 2019.

 

Non-Controlling Interest in Income of Consolidated Subsidiaries

 

Currently, we have no activity in our consolidated subsidiaries. Non-controlling interest in income of consolidated subsidiaries was $0 for all periods presented

 

Net Income (Loss) Attributable to the Company

 

Because we had no non-controlling interest in income of consolidated subsidiaries, net loss attributed to the Company was the same as net income (loss) – net income of $403,520 for the three months ended July 31, 2020 net loss of $736,947 for the three months ended July 31, 2019.

 

Liquidity and Capital Resources

 

Working Capital

 

As of July 31, 2020, we had current assets of $30,274, including cash of $14,352, and current liabilities of $5,850,941, resulting in a working capital deficit of $5,820,667. Included in our current liabilities as of July 31, 2020 are derivative liabilities of $1,426,683, which we do not anticipate will require the payment of cash. As further discussed in the notes to our condensed consolidated financial statements, we have substantial debt that is in default.

 

Sources and Uses of Cash

 

Our sources and uses of cash for the three months ended July 31, 2020 and 2019 were as follows:

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Cash, beginning of period

 

$ 66,830

 

 

$ 55,188

 

Net cash used in operating activities

 

 

(72,478 )

 

 

(314,882 )

Net cash used in investing activities

 

 

-

 

 

 

(2,463 )

Net cash provided by financing activities

 

 

20,000

 

 

 

265,300

 

 

 

 

 

 

 

 

 

 

Cash, end of period

 

$ 14,352

 

 

$ 3,143

 

  

 
32

Table of Contents

  

We used net cash of $72,478 in operating activities for the three months ended July 31, 2020 as a result of our net income of $403,520, non-cash expenses totaling $124,146, decrease in prepaid expenses and other current assets of $7,223, and increases in accounts payable of $39,214, accrued expenses of $431,286 and accounts payable and accrued expenses – related party of $109,485, partially offset by non-cash gain of $1,187,352.

 

We used net cash of $314,882 in operating activities for the three months ended July 31, 2019 as a result of net loss of $736,947, non-cash gains totaling $257,119 and decrease in accounts payable of $15,848, partially offset by non-cash expenses totaling $599,740, decrease in prepaid expenses and other current assets of $11,115, and increases in accrued expenses of $64,358 and accounts payable and accrued expenses – related party of $19,819.

 

Net cash used in investing activities for the three months ended July 31, 2019 was $2,463, comprised of the purchase of property and equipment. We had no net cash provided by or used in investing activities for the three months ended July 31, 2020.

 

Net cash provided by financing activities for the three months ended July 31, 2020 was $20,000, comprised of proceeds from convertible notes payable - related party of $10,000 and proceeds from an SBA express bridge loan of $10,000.

 

Net cash provided by financing activities for the three months ended July 31, 2019 was $265,300, comprised of proceeds from convertible notes payable of $365,300, partially offset by repayments of convertible notes payable of $100,000. We had net cash provided by financing activities of $140,000 for the three months ended July 31, 2018, comprised of proceeds from convertible notes payable.

 

Going Concern Uncertainty

 

Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. We have incurred continuous losses from operations, have an accumulated deficit of $43,054,287 and a total stockholders’ deficit of $5,321,441 at July 31, 2020, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months, and we expect to have ongoing requirements for capital investment to implement our business plan, including the construction of our proposed refinery project. Finally, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which we operate.

 

Since inception, our operations have primarily been funded through private debt and equity financing, and we expect to continue to seek additional funding through private or public equity and debt financing. Most recently, we have funded our operations from the proceeds of convertible debt. However, we currently do not have sufficient authorized shares of common stock to secure additional convertible debt funding. The ongoing Covid-19 worldwide pandemic has negatively impacted capital markets adding to the difficulty of raising either debt or equity financing.

 

Our ability to continue as a going concern is dependent on our ability to generate sufficient cash from operations to meet our cash needs and/or to raise funds to finance ongoing operations and repay debt. However, there can be no assurance that we will be successful in our efforts to raise additional debt or equity capital and/or that our cash generated by our operations will be adequate to meet our needs. These factors, among others, raise substantial doubt that we will be able to continue as a going concern for a reasonable period of time.

  

 
33

Table of Contents

  

The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Capital Resources

 

We have not generated any revenues or operating cash flows. As a result, we have significant short-term cash needs. Our principal source of operating capital has been provided from the issuance of convertible notes payable. During the three months ended July 31, 2020 we received net proceeds of $10,000 from the issuance of a convertible note payable – related party. We also received proceeds from an SBA express bridge loan of $10,000. These amount compare, however, to net proceeds of $365,300 received from the issuance of convertible notes payable during the three months ended July 31, 2019.

 

Currently, all of our authorized shares of common stock are either issued or reserved for issuance of outstanding warrants, stock options and convertible notes payable. Therefore, no common shares are available for share issuances other than those shares included in the reserves established for debt holders. The lack of authorized shares currently limits our ability to raise capital through convertible debt financing

 

In addition, we do not expect to have the financial resources necessary to complete the proposed Refinery projects. The Company expects to operate the Distillation Unit through its subsidiary, Pecos Refining, and to operate the Large Refinery through another subsidiary set up for such purpose. The construction of the Distillation Unit and the Large Refinery will require substantial equity and debt financing, far beyond the expected resources of the Company. We anticipate that these Subsidiaries will obtain typical project development financing for the construction and development of the Distillation Unit and the Large Refinery and that such financings will be composed of both debt and equity financings. We anticipate these Subsidiaries will be able to finance approximately 80% of the total costs of the Distillation Unit and the Large Refinery through debt financing, and the remaining 20% of the total costs would be financed through equity investments. The Company has had only preliminary discussions with prospective equity sources regarding the financing of these projects and it is unclear at this time if we will be able to obtain such financing and, if so, how much equity in the Subsidiaries the equity investors will require in order to provide the financing. Any equity financing into which a Subsidiary enters will dilute the Company’s ownership of such Subsidiary. In addition, while the Company believes that the Refinery’s cost is financeable in large part through debt, it has not yet obtained a letter of intent or commitment for such financing.

 

Current and Future Impact of Covid-19

 

The Covid-19 pandemic continues to have a material negative impact on capital markets. Without a current source of revenue, we are currently dependent on debt or equity financing to fund our operations and execute our business plan. We believe that the impact on capital markets of Covid-19 may make it more costly and more difficult for us to access these sources of funding. Effective April 20, 2020, the Company received loan proceeds of $167,900 in connection with the Paycheck Protection Program of the United States Small Business Administration (“SBA”) and the CARES Act implemented in response to the Covid-19 pandemic. The loan may be forgiven pursuant to the provisions of the Act. See Note 10 to the Consolidated Financial Statements.

  

 
34

Table of Contents

    

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

Critical Accounting Policies

 

Our results of operations are based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these 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, including those related to inventories, investments, intangible assets, income taxes, financing operations, and contingencies and litigation. We base our estimates 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.

 

For further information on our significant accounting policies see the notes to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended April 30, 2019 filed with the SEC and Note 2 to our condensed consolidated financial statements included in this quarterly report. There were no changes to our significant accounting policies during the three months ended July 31, 2020. The following is a description of those significant accounting policies that involve estimates and judgment by management.

 

Derivative liabilities

 

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

 

Fair value of financial instruments

 

Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

 

 
35

Table of Contents

    

An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

 

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.

 

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

 

July 31, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 1,426,683

 

 

$ -

 

 

$ -

 

 

$ 1,426,683

 

 

April 30, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 2,607,433

 

 

$ -

 

 

$ -

 

 

$ 2,607,433

 

   

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk

 

As a smaller reporting company, we are not required to provide the information required by this Item.

 

ITEM 4 Controls and Procedures

 

(a) Evaluation of Disclosure Controls and Procedures

 

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined) in Exchange Act Rules 13a – 15(c) and 15d – 15(e). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 (“Securities Exchange Act”) is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

  

 
36

Table of Contents

 

Our management, including our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our condensed consolidated financial statements included in this quarterly report have been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Securities Exchange Act, as amended. Our management assessed the effectiveness of our internal control over financial reporting as of July 31, 2020. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in 2013 Internal Control-Integrated Framework. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. We have identified the following material weaknesses:

 

 

1.

As of July 31, 2020, we did not maintain effective controls over the control environment. Specifically, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

 

 

 

 

2.

As of July 31, 2020, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

 

 

 

 

3.

As of July 31, 2020, we did not establish a formal written policy for the approval, identification and authorization of related party transactions.

 

 

 

 

4.

As of July 31, 2020, we had no full-time employees with the requisite expertise in the key functional areas of finance and accounting. As a result, there is a lack of proper segregation of duties necessary to ensure that all transactions are accounted for accurately and in a timely manner.

   

Because of these material weaknesses, management has concluded that the Company did not maintain effective internal control over financial reporting as of July 31, 2020, based on the criteria established in “2013 Internal Control-Integrated Framework” issued by the COSO.

 

(b) Changes in Internal Control over Financial Reporting

 

There was no change in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a-15(d) and 15d-15(d) of the Exchange Act that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 
37

Table of Contents

  

PART II – OTHER INFORMATION

 

ITEM 1 Legal Proceedings

 

On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS Capital Partners, LLC (“GS Capital”) to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166. The accrued interest and penalties are included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company’s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company’s equity securities.

 

On July 14, 2020, a consultant for rail services to the Company filed a complaint against the Company and its CEO Jack W Hanks, an individual, for payment of $100,000 of consulting fees. The Court Action is filed as CRU Trading Co, Plaintiff, v. MMEX Resources Corp and Jack W. Hanks in the District Court of Harris, County Texas Cause No. 2020-41853/Court;165. The Company, based on consultation with legal counsel, believes the complaint is without merit. The Company and Mr. Hanks are represented by counsel and have filed a verified denial.

 

ITEM 1A Risk Factors

 

Not applicable.

 

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds

 

During the three months ended July 31, 2020, we did not issue any unregistered shares of our common stock.

 

ITEM 3 Defaults Upon Senior Securities

 

There is no information required to be disclosed by this Item.

 

ITEM 4 Mine Safety Disclosures

 

There is no information required to be disclosed by this Item.

 

ITEM 5 Other Information

 

There is no information required to be disclosed by this Item.

    

 
38

Table of Contents

  

ITEM 6 Exhibits

 

31.1*

 

Certification by Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a)

 

 

 

32.1*

 

Certification by Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

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

_________

*

Filed herewith.

 

**

Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Act of 1934 and otherwise are not subject to liability.

  

 
39

Table of Contents

      

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. 

 

 

MMEX Resources Corporation

 

 

 

 

 

Dated: September 21, 2020

By:

/s/ Jack W. Hanks

 

 

 

Chief Executive Officer (Principal

 

 

 

Executive Officer), President and

 

 

 

Chief Financial Officer (Principal

 

 

 

Financial and Accounting Officer)

 

  

 
40

 

EX-31.1 2 mmex_ex311.htm CERTIFICATION mmex_ex311.htm

EXHIBIT 31.1

 

Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer and Chief Financial Officer

 

I, Jack W. Hanks, certify that:

 

1.

I have reviewed this Quarterly Report on Form 10-Q of MMEX Resources Corporation.;

 

 

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(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exhibit 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(s) 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 the 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.

    

Dated: September 21, 2020

By:

/s/ Jack W. Hanks

 

 

Jack W. Hanks

 

 

 

Chief Executive Officer and Chief Financial Officer

 

 

EX-32.1 3 mmex_ex321.htm CERTIFICATION mmex_ex321.htm

EXHIBIT 32.1

 

CERTIFICATION PURSUANT TO 18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002 

 

In connection with the Quarterly Report of MMEX Resources Corporation (the “Company”) on Form 10-Q for the quarter ended July 31, 2020, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Jack W. Hanks, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

  

 

(1)

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

 

 

 

 

(2)

Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

    

Dated: September 21, 2020

By:

/s/ Jack W. Hanks

 

 

Jack W. Hanks

 

 

 

Chief Executive Officer and Chief Financial Officer

 

   

A signed original of this written statement required by Section 906 has been provided to MMEX Resources Corporation and will be retained by MMEX Resources Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 

EX-101.INS 4 mmex-20200731.xml XBRL INSTANCE DOCUMENT 0001440799 2020-05-01 2020-07-31 0001440799 us-gaap:SubsequentEventMember mmex:TwoLendersMember 2020-07-31 0001440799 us-gaap:SubsequentEventMember mmex:TwoLendersMember 2020-05-01 2020-07-31 0001440799 mmex:GSCapitalMember 2020-05-01 2020-07-31 0001440799 mmex:GSCapitalMember 2020-07-31 0001440799 us-gaap:SubsequentEventMember mmex:CEOJackWHanksMember 2020-06-28 2020-07-14 0001440799 us-gaap:ConvertibleNotesPayableMember 2019-05-01 2019-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember 2019-07-31 0001440799 mmex:StockIssuancesMember us-gaap:AccruedLiabilitiesMember 2019-05-01 2019-07-31 0001440799 us-gaap:SeriesAPreferredStockMember mmex:MmexResourcesCorporatioMember mmex:AugustOneTwoThousandNineteenMember 2020-07-31 0001440799 mmex:CommonStockIssuancesMember 2019-07-31 0001440799 us-gaap:SeriesAPreferredStockMember 2019-07-30 0001440799 us-gaap:SeriesAPreferredStockMember 2020-05-01 2020-07-31 0001440799 us-gaap:SeriesAPreferredStockMember 2020-07-31 0001440799 2019-07-01 2019-07-30 0001440799 us-gaap:OptionMember 2020-05-01 2020-07-31 0001440799 us-gaap:OptionMember 2020-07-31 0001440799 us-gaap:OptionMember 2020-04-30 0001440799 us-gaap:WarrantMember 2020-07-31 0001440799 us-gaap:WarrantMember 2020-05-01 2020-07-31 0001440799 us-gaap:WarrantMember 2020-04-30 0001440799 mmex:MaximumsMember 2020-05-01 2020-07-31 0001440799 mmex:MinimumsMember 2020-05-01 2020-07-31 0001440799 mmex:WarrantsMember 2020-05-01 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember 2020-05-01 2020-07-31 0001440799 mmex:EconimicInjuryDisasterLoanMember 2020-05-01 2020-07-31 0001440799 mmex:ExpressBridgeLoanPilotProgramMember 2020-07-01 2020-07-14 0001440799 mmex:PaycheckProtectionProgramMember 2019-05-01 2020-04-30 0001440799 mmex:PaycheckProtectionProgramMember 2020-04-01 2020-04-21 0001440799 mmex:PaycheckProtectionProgramMember 2020-05-01 2020-07-31 0001440799 mmex:ConvertibleNotesPayableRelatedPartyMember 2019-05-01 2020-04-30 0001440799 mmex:ConvertibleNotesPayableRelatedPartyMember 2020-04-30 0001440799 mmex:ConvertibleNotesPayableRelatedPartyMember 2020-07-31 0001440799 2019-05-01 2020-04-30 0001440799 mmex:MapleResourcesCorporationThreeMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationThreeMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationThreeMember 2020-05-01 2020-07-31 0001440799 mmex:ShareholderAndConsultantThreeMember 2020-04-30 0001440799 mmex:ShareholderAndConsultantThreeMember 2020-07-31 0001440799 mmex:ShareholderAndConsultantThreeMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationTwoMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationTwoMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationTwoMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationOneMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationOneMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationOneMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationMember 2020-07-31 0001440799 mmex:ShareholderAndConsultantTwoMember 2020-04-30 0001440799 mmex:ShareholderAndConsultantTwoMember 2020-07-31 0001440799 mmex:ShareholderAndConsultantTwoMember 2020-05-01 2020-07-31 0001440799 mmex:ShareholderAndConsultantOneMember 2020-04-30 0001440799 mmex:ShareholderAndConsultantOneMember 2020-07-31 0001440799 mmex:ShareholderAndConsultantOneMember 2020-05-01 2020-07-31 0001440799 mmex:BNLFamilyTrustBNLMember 2020-04-30 0001440799 mmex:BNLFamilyTrustBNLMember 2020-07-31 0001440799 mmex:BNLFamilyTrustBNLMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMapleMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMapleMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationMapleMember 2020-07-31 0001440799 mmex:ConvertibleNotesPayableOneMember 2020-04-30 0001440799 mmex:ConvertibleNotesPayableOneMember 2020-07-31 0001440799 mmex:SecondAdvanceMember mmex:VistaMember mmex:ConvertibleNoteMember 2018-10-01 2018-10-16 0001440799 mmex:LongTermConvertibleNoteMember mmex:VistaMember mmex:SecondAdvanceMember 2018-09-01 2018-09-13 0001440799 mmex:LongTermConvertibleNoteMember mmex:VistaMember mmex:SecondAdvanceMember 2020-04-30 0001440799 mmex:LongTermConvertibleNoteMember mmex:VistaMember mmex:SecondAdvanceMember 2020-07-31 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2018-10-16 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2018-10-01 2018-10-16 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2018-09-01 2018-09-13 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2018-09-13 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2020-04-30 0001440799 mmex:VistaMember mmex:ConvertibleNoteMember 2020-07-31 0001440799 mmex:AuctusMember mmex:ConvertibleNoteMember 2019-04-01 2019-04-24 0001440799 mmex:OdysseyCapitalFundingLLCMember 2019-01-01 2019-01-17 0001440799 mmex:OdysseyCapitalFundingLLCMember 2019-05-02 2019-05-07 0001440799 mmex:OdysseyCapitalFundingLLCMember 2019-06-01 2019-06-19 0001440799 mmex:OdysseyCapitalFundingLLCMember 2019-05-07 0001440799 mmex:OdysseyCapitalFundingLLCMember 2019-06-19 0001440799 mmex:OdysseyCapitalFundingLLCMember 2020-04-30 0001440799 mmex:OdysseyCapitalFundingLLCMember 2020-07-31 0001440799 mmex:CoventryEnterprisesLLCMember us-gaap:ConvertibleDebtMember 2019-02-01 2019-02-27 0001440799 mmex:CoventryEnterprisesLLCMember us-gaap:ConvertibleDebtMember 2019-02-27 0001440799 mmex:CoventryEnterprisesLLCMember us-gaap:ConvertibleDebtMember 2020-04-30 0001440799 mmex:CoventryEnterprisesLLCMember us-gaap:ConvertibleDebtMember 2020-07-31 0001440799 mmex:JSJInvestmentsIncMember mmex:ConvertibleNoteMember 2019-01-01 2019-01-17 0001440799 mmex:JSJInvestmentsIncMember mmex:ConvertibleNoteMember 2019-01-17 0001440799 mmex:JSJInvestmentsIncMember mmex:ConvertibleNoteMember 2020-04-30 0001440799 mmex:JSJInvestmentsIncMember mmex:ConvertibleNoteMember 2020-07-31 0001440799 mmex:OneFortyFourCapitalLLCMember mmex:ConvertibleNoteMember mmex:JanuaryElevenTwoThousandNinteenMember 2019-01-01 2019-01-11 0001440799 mmex:OneFortyFourCapitalLLCMember mmex:ConvertibleNoteMember mmex:JanuaryElevenTwoThousandNinteenMember 2019-01-11 0001440799 mmex:OneFortyFourCapitalLLCMember mmex:ConvertibleNoteMember mmex:JanuaryElevenTwoThousandNinteenMember 2019-04-30 0001440799 mmex:OneFortyFourCapitalLLCMember mmex:ConvertibleNoteMember mmex:JanuaryElevenTwoThousandNinteenMember 2020-07-31 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-02-01 2020-02-04 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-03-01 2020-03-31 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-09-01 2018-09-13 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-10-01 2018-10-09 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2019-02-01 2019-02-20 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-09-13 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-09-18 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-10-09 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2019-02-20 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-02-04 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-03-31 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-04-30 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2020-07-31 0001440799 mmex:GSCapitalPartnersLLCMember mmex:ConvertibleNoteMember 2018-09-01 2018-09-18 0001440799 mmex:EMAFinancialLLCMember mmex:ConvertibleNoteMember 2019-10-29 2019-11-30 0001440799 mmex:EMAFinancialLLCMember mmex:ConvertibleNoteMember 2019-04-01 2019-04-24 0001440799 mmex:EMAFinancialLLCMember mmex:ConvertibleNoteMember 2019-04-24 0001440799 mmex:EMAFinancialLLCMember mmex:ConvertibleNoteMember 2020-04-30 0001440799 mmex:EMAFinancialLLCMember mmex:ConvertibleNoteMember 2020-07-31 0001440799 mmex:AuctusFundLLCMember 2019-01-01 2019-01-31 0001440799 mmex:AuctusFundLLCMember 2019-01-31 0001440799 mmex:AuctusFundLLCMember 2020-04-30 0001440799 mmex:AuctusFundLLCMember 2020-07-31 0001440799 us-gaap:SubsequentEventMember mmex:DecemberTwentySevenTwoThousandTwentyMember 2020-04-30 0001440799 us-gaap:SubsequentEventMember mmex:DecemberTwentySevenTwoThousandTwentyMember 2020-07-31 0001440799 us-gaap:SubsequentEventMember mmex:DecemberTwentySevenTwoThousandTwentyMember 2020-05-01 2020-07-31 0001440799 us-gaap:ConvertibleDebtMember mmex:GSOneMember 2020-04-30 0001440799 us-gaap:ConvertibleDebtMember mmex:GSOneMember 2020-07-31 0001440799 us-gaap:ConvertibleDebtMember mmex:GSTwoMember 2020-04-30 0001440799 us-gaap:ConvertibleDebtMember mmex:GSTwoMember 2020-07-31 0001440799 us-gaap:ConvertibleDebtMember mmex:GSThreeMember 2020-04-30 0001440799 us-gaap:ConvertibleDebtMember mmex:GSThreeMember 2020-07-31 0001440799 us-gaap:ConvertibleDebtMember mmex:GenevaOneMember 2020-04-30 0001440799 us-gaap:ConvertibleDebtMember mmex:GenevaOneMember 2020-07-31 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-02-01 2019-02-07 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-03-01 2019-03-25 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-06-01 2019-06-04 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2020-04-30 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2020-07-31 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-02-07 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-02-27 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-03-25 0001440799 mmex:GenevaRothRemarkHoldingsIncMember mmex:ConvertibleNoteMember 2019-06-04 0001440799 mmex:GSCapitalMember 2020-03-31 0001440799 mmex:GSCapitalMember 2020-03-01 2020-03-31 0001440799 2018-10-16 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorOneMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorOneMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTwoMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTwoMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorThreeMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorThreeMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorFourMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorFourMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorFiveMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorFiveMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorSixMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorSixMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorSeventeenMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorSeventeenMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorEightMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorEightMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorNineMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorNineMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTenMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTenMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorElevenMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorElevenMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTwelveMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:InvestorTwelveMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:AccreditedInvestorThirteenMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:AccreditedInvestorThirteenMember 2020-07-31 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:AccreditedInvestorFourteenMember 2020-04-30 0001440799 us-gaap:ConvertibleNotesPayableMember mmex:AccreditedInvestorFourteenMember 2020-07-31 0001440799 mmex:NotesPayableTenMember 2020-04-30 0001440799 mmex:NotesPayableTenMember 2020-07-31 0001440799 mmex:NotesPayableNineMember 2020-04-30 0001440799 mmex:NotesPayableNineMember 2020-07-31 0001440799 mmex:NotesPayableEightMember 2020-04-30 0001440799 mmex:NotesPayableEightMember 2020-07-31 0001440799 mmex:NotesPayableSevenMember 2020-04-30 0001440799 mmex:NotesPayableSevenMember 2020-07-31 0001440799 mmex:NotesPayableSixMember 2020-04-30 0001440799 mmex:NotesPayableSixMember 2020-07-31 0001440799 mmex:NotesPayableFiveMember 2020-04-30 0001440799 mmex:NotesPayableFiveMember 2020-07-31 0001440799 mmex:NotesPayableFourMember 2020-04-30 0001440799 mmex:NotesPayableFourMember 2020-07-31 0001440799 mmex:NotesPayableThreeMember 2020-04-30 0001440799 mmex:NotesPayableThreeMember 2020-07-31 0001440799 mmex:NotesPayableTwoMember 2020-04-30 0001440799 mmex:NotesPayableTwoMember 2020-07-31 0001440799 mmex:NotesPayableOneMember 2020-04-30 0001440799 mmex:NotesPayableOneMember 2020-07-31 0001440799 mmex:NotePayableMember 2020-04-30 0001440799 mmex:NotePayableMember 2020-07-31 0001440799 mmex:LeaseObligationMember 2020-04-30 0001440799 mmex:LeaseObligationMember 2020-07-31 0001440799 mmex:AccruedInterestMember 2020-04-30 0001440799 mmex:AccruedInterestMember 2020-07-31 0001440799 mmex:AccruedConsultingMember 2020-04-30 0001440799 mmex:AccruedConsultingMember 2020-07-31 0001440799 mmex:AccruedPayrollMember 2020-04-30 0001440799 mmex:AccruedPayrollMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember 2017-06-24 2017-07-28 0001440799 mmex:LouisianaGulfProjectMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember 2019-05-01 2020-04-30 0001440799 us-gaap:ExplorationAndProductionEquipmentMember 2019-05-01 2019-07-31 0001440799 us-gaap:ExplorationAndProductionEquipmentMember 2020-05-01 2020-07-31 0001440799 us-gaap:ExplorationAndProductionEquipmentMember 2017-06-24 2017-07-28 0001440799 mmex:RefineryLandEasementsMember 2020-04-30 0001440799 mmex:RefineryLandEasementsMember 2020-07-31 0001440799 mmex:RefineryLandImprovementsMember 2020-04-30 0001440799 mmex:RefineryLandImprovementsMember 2020-07-31 0001440799 us-gaap:LandMember 2020-04-30 0001440799 us-gaap:LandMember 2020-07-31 0001440799 mmex:ComputerEquipmentAndSoftwareMember 2020-04-30 0001440799 mmex:ComputerEquipmentAndSoftwareMember 2020-07-31 0001440799 us-gaap:FurnitureAndFixturesMember 2020-04-30 0001440799 us-gaap:FurnitureAndFixturesMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:CommonStocksMember 2020-05-01 2020-07-31 0001440799 mmex:RelatedPartyMember mmex:CommonStocksMember mmex:OctoberOneTwoThousandEighteenMember 2020-04-30 0001440799 mmex:RelatedPartyMember mmex:CommonStocksMember mmex:OctoberOneTwoThousandEighteenMember 2020-07-31 0001440799 mmex:RelatedPartyMember mmex:CommonStocksMember mmex:OctoberOneTwoThousandEighteenMember 2019-05-01 2020-04-30 0001440799 mmex:RelatedPartyMember mmex:CommonStocksMember mmex:OctoberOneTwoThousandEighteenMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:PresidentAndCeoMember 2019-05-01 2019-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:PresidentAndCeoMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:FormerOfficerMember 2019-05-01 2020-04-30 0001440799 mmex:MapleResourcesCorporationMember mmex:FormerOfficerMember 2020-05-01 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:FormerOfficerMember 2020-04-30 0001440799 mmex:MapleResourcesCorporationMember mmex:FormerOfficerMember 2020-07-31 0001440799 mmex:MapleResourcesCorporationMember mmex:ConsultantsMember 2019-05-01 2020-04-30 0001440799 mmex:MapleResourcesCorporationMember mmex:ConsultantsMember 2020-05-01 2020-07-31 0001440799 2018-09-25 2018-10-09 0001440799 us-gaap:FairValueInputsLevel3Member 2020-04-30 0001440799 us-gaap:FairValueInputsLevel3Member 2020-07-31 0001440799 us-gaap:FairValueInputsLevel2Member 2020-04-30 0001440799 us-gaap:FairValueInputsLevel2Member 2020-07-31 0001440799 us-gaap:FairValueInputsLevel1Member 2020-04-30 0001440799 us-gaap:FairValueInputsLevel1Member 2020-07-31 0001440799 mmex:RefineryLandEasementsMember 2020-05-01 2020-07-31 0001440799 mmex:RefineryLandImprovementsMember 2020-05-01 2020-07-31 0001440799 mmex:ComputerEquipmentAndSoftwareMember 2020-05-01 2020-07-31 0001440799 us-gaap:FurnitureAndFixturesMember 2020-05-01 2020-07-31 0001440799 mmex:ArmadilloMiningCorpMember 2020-07-31 0001440799 mmex:ArmadilloMiningCorpMember 2020-05-01 2020-07-31 0001440799 mmex:ArmadilloHoldingsGroupCorpMember 2020-07-31 0001440799 mmex:ArmadilloHoldingsGroupCorpMember 2020-05-01 2020-07-31 0001440799 mmex:PecosRefiningTransportLLCMember 2020-07-31 0001440799 mmex:PecosRefiningTransportLLCMember 2020-05-01 2020-07-31 0001440799 mmex:MmexResourcesCorporationMember 2020-05-01 2020-07-31 0001440799 us-gaap:RetainedEarningsMember 2020-07-31 0001440799 us-gaap:NoncontrollingInterestMember 2020-07-31 0001440799 us-gaap:AdditionalPaidInCapitalMember 2020-07-31 0001440799 us-gaap:PreferredStockMember 2020-07-31 0001440799 us-gaap:CommonStockMember 2020-07-31 0001440799 us-gaap:RetainedEarningsMember 2020-05-01 2020-07-31 0001440799 us-gaap:NoncontrollingInterestMember 2020-05-01 2020-07-31 0001440799 us-gaap:AdditionalPaidInCapitalMember 2020-05-01 2020-07-31 0001440799 us-gaap:PreferredStockMember 2020-05-01 2020-07-31 0001440799 us-gaap:CommonStockMember 2020-05-01 2020-07-31 0001440799 us-gaap:RetainedEarningsMember 2020-04-30 0001440799 us-gaap:NoncontrollingInterestMember 2020-04-30 0001440799 us-gaap:AdditionalPaidInCapitalMember 2020-04-30 0001440799 us-gaap:PreferredStockMember 2020-04-30 0001440799 us-gaap:CommonStockMember 2020-04-30 0001440799 2019-07-31 0001440799 us-gaap:RetainedEarningsMember 2019-07-31 0001440799 us-gaap:NoncontrollingInterestMember 2019-07-31 0001440799 us-gaap:AdditionalPaidInCapitalMember 2019-07-31 0001440799 us-gaap:PreferredStockMember 2019-07-31 0001440799 us-gaap:CommonStockMember 2019-07-31 0001440799 us-gaap:RetainedEarningsMember 2019-05-01 2019-07-31 0001440799 us-gaap:NoncontrollingInterestMember 2019-05-01 2019-07-31 0001440799 us-gaap:AdditionalPaidInCapitalMember 2019-05-01 2019-07-31 0001440799 us-gaap:PreferredStockMember 2019-05-01 2019-07-31 0001440799 us-gaap:CommonStockMember 2019-05-01 2019-07-31 0001440799 2019-04-30 0001440799 us-gaap:RetainedEarningsMember 2019-04-30 0001440799 us-gaap:NoncontrollingInterestMember 2019-04-30 0001440799 us-gaap:AdditionalPaidInCapitalMember 2019-04-30 0001440799 us-gaap:PreferredStockMember 2019-04-30 0001440799 us-gaap:CommonStockMember 2019-04-30 0001440799 2019-05-01 2019-07-31 0001440799 us-gaap:ConvertiblePreferredStockMember 2020-04-30 0001440799 us-gaap:ConvertiblePreferredStockMember 2020-07-31 0001440799 2020-04-30 0001440799 2020-07-31 0001440799 2020-09-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure MMEX Resources Corp 0001440799 10-Q false --04-30 true false false Yes 2020-07-31 Non-accelerated Filer Q1 2021 14111114185 true false Yes 14352 66830 15922 23145 30274 89975 498326 507044 900 900 529500 597919 804160 764945 950733 519447 269733 236514 75001 75001 800533 323133 1223107 1587239 123091 41268 167900 167900 10000 0 1426683 2607433 5850941 6322880 5850941 6322880 0 0 13352830 13352830 1 1 24370144 24370144 9871 9871 -43054287 -43457807 -5321441 -5724961 529500 597919 0 0 62673 140941 6675 2232 0.001 0.001 25000000000 25000000000 13352828472 13352828472 13352828472 13352828472 0.001 0.001 10000000 10000000 1000 1000 1000 1000 0 0 183325 246107 37700 51400 8718 8587 229743 306094 -229743 -306094 -554089 -687972 -1187352 -255127 0 -1992 633263 -430853 403520 -736947 0 0 403520 -736947 0 0 403520 -736947 0.00 -0.01 0.00 -0.01 13352828472 111310436 25000000000 111310436 68172427 68174 0 35622398 9871 -39064118 -3363675 30000 30 0 54 0 0 84 1116961 1117 0 10391 0 0 11508 320978367 320978 0 47954 0 0 368932 0 0 425325 0 0 425325 0 0 0 0 -736947 390297755 390299 0 36106122 9871 -39801065 -3294773 13352828472 1000 13352830 1 24370144 9871 -43457807 0 0 0 0 403520 13352828472 1000 13352830 1 24370144 9871 -43054287 80428 591069 35000 0 0 84 7223 11115 39214 -15848 431286 64358 109485 19819 -72478 -314882 0 2463 0 -2463 0 365300 10000 0 0 100000 10000 0 20000 265300 -52478 -52045 55188 3143 0 10402 0 0 6602 0 76266 0 0 368932 0 13500 0 0 46812 0 2491 <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">MMEX Resources Corporation (the &#8220;Company&#8221; or &#8220;MMEX&#8221;) is a company engaged in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. We plan to focus on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America using the expertise of our principals to identify, finance and acquire these projects. The most significant focus of our current business plan is to build crude oil refining facilities in the Permian Basin in West Texas.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">MMEX was formed as a Nevada corporation in 2005. The current management team led an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed on September 23, 2010 and changed the Company&#8217;s name to MMEX Mining Corporation on February 11, 2011 and to MMEX Resources Corporation on April 6, 2016</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The accompanying condensed consolidated financial statements include the accounts of the following entities, all of which the Company maintains control through a majority ownership or through common ownership:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:left;"><strong>Name of Entity</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>%</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Form<br />of Entity</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>State of<br />Incorporation</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Relationship</strong></p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">MMEX Resources Corporation (&#8220;MMEX&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Nevada</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Parent</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Pecos Refining &amp; Transport, LLC (&#8220;Pecos Refining&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">100</td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Texas</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Armadillo Holdings Group Corp. (&#8220;AHGC&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:top;text-align:right;">100</td> <td style="width:1%;vertical-align:top;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">British Virgin Isles</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Armadillo Mining Corp. (&#8220;AMC&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:top;text-align:right;">98.6</td> <td style="width:1%;vertical-align:top;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">British Virgin Isles</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr></table> <p style="margin:0px"></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Pecos Refining was formed in June 2017 with the Company as its sole member. Through Pecos Refining, the Company plans to build and commence operations of a crude oil distillation unit in the Permian Basin in West Texas.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As of April 13, 2016, the Company assigned AMC to an irrevocable trust (the &#8220;Trust&#8221;), whose beneficiaries are the existing shareholders of MMEX. The accounts of AMC are included in the consolidated financial statements due to the common ownership. AMC through the Trust controls the Hunza coal interest previously owned by MMEX.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">All significant inter-company transactions have been eliminated in the preparation of the consolidated financial statements.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">These financial statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the information contained therein.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp; </p> <p style="margin:0px;text-indent:45px">The Company has adopted a fiscal year end of April 30.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Our significant accounting policies are described in our Annual Report on Form 10-K for the year ended April 30, 2020 filed with the SEC on August 13, 2020.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Consolidation</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries and entities under common ownership. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders&#8217; deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Use of Estimates</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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. Actual results could differ from those estimates.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Property and equipment</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Office furniture and equipment</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Computer equipment and software</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5 years</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Refinery land improvements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">15 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Refinery land easements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px;text-indent:45px">The refinery land easements owned by the Company have a legal life of 10 years.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Derivative liabilities</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management&#8217;s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management&#8217;s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Fair value of financial instruments</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, <em>Fair Value Measurements and Disclosures, </em>and ASC 825, <em>Financial Instruments, </em>the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company&#8217;s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#8217;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.</p> <p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px 0px 0px 45px; text-align:justify;">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>July 31, 2020</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,426,683</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,426,683</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>April 30, 2020</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,433</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,433</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"><em></em>&nbsp;</p> <p style="margin:0px"><em>Revenue Recognition</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. To date, the Company has no operating revenues; therefore, there was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard&#8217;s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Refinery start-up costs</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Costs incurred prior to opening the Company&#8217;s proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting, are recorded as start-up costs and expensed as incurred.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Basic and diluted income (loss) per share</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Basic net income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Basic weighted average number common shares outstanding are reconciled to diluted weighted average number of common shares outstanding as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="6"> <p style="MARGIN: 0px; text-align:center;"><strong>Three Months Ended<br />July 31,</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Basic weighted average number of shares</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,352,828,472</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">111,310,436</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dilutive effect of options,&nbsp;warrants and convertible notes payable</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">11,647,171,528</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Diluted weighted average number of shares</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">25,000,000,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">111,310,436</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px"><em>Employee Stock-based compensation</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Pursuant to FASB ASC 718, all share-based payments to employees, including grants of employee stock options, are recognized in the statement of operations based on their fair values. For the three months ended July 31, 2020 and 2019, the Company had no-based compensation to employees.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; &nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Issuance of shares for non-cash consideration</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company&#8217;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#8217;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Reclassifications</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Certain amounts in the consolidated financial statements for the prior-year period have been reclassified to conform with the current-year period presentation.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Recently Issued Accounting Pronouncements</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">There were no new accounting pronouncements issued by the FASB during the three months ended July 31, 2020 and through the date of filing of this report that the Company believes will have a material impact on its consolidated financial statements.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. We have incurred continuous losses from operations, have an accumulated deficit of $43,054,287 and a total stockholders&#8217; deficit of $5,321,441 at July 31, 2020, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months, and we expect to have ongoing requirements for capital investment to implement our business plan, including the construction of our proposed refinery project. Finally, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which we operate.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Since inception, our operations have primarily been funded through private debt and equity financing, and we expect to continue to seek additional funding through private or public equity and debt financing. Most recently, we have funded our operations from the proceeds of convertible debt. However, we currently do not have sufficient authorized shares of common stock to secure additional convertible debt funding. The ongoing Covid-19 worldwide pandemic has negatively impacted capital markets adding to the difficulty of raising either debt or equity financing.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Our ability to continue as a going concern is dependent on our ability to generate sufficient cash from operations to meet our cash needs and/or to raise funds to finance ongoing operations and repay debt. However, there can be no assurance that we will be successful in our efforts to raise additional debt or equity capital and/or that our cash generated by our operations will be adequate to meet our needs. These factors, among others, raise substantial doubt that we will be able to continue as a going concern for a reasonable period of time.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company&#8217;s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As of July 31, 2020, accounts payable and accrued expenses to related parties, consisting primarily of consulting fees and expense reimbursements payable, totaled $269,733 consisting of $89,380 payable to Maple Resources Corporation (&#8220;Maple Resources&#8221;), $31,633 to a former officer, $146,654 to consultants who are significant shareholders or affiliates of our President and CEO and $2,066 accrued interest payable on related party convertible notes payable.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As of April 30, 2020, accounts payable and accrued expenses to related parties totaled $236,514 consisting of $101,012 payable to Maple Resources, $31,633 to a former officer, $103,179 to consultants who are significant shareholders or affiliates of our President and CEO and $690 accrued interest payable on related party convertible notes payable.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective July 1, 2019, we entered into a consulting agreement with Maple Resources, a related party controlled by our President and CEO, that provides for payment of consulting fees and expense reimbursement related to the development of the refinery project, financing and other corporate activities. Effective January 1, 2020, the Maple consulting agreement was amended to provide for monthly consulting fees of $17,897. During the three months ended July 31, 2020 and 2019, we incurred consulting fees to Maple Resources totaling $53,691 and $79,991, respectively. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">In addition, the consulting agreement provides for the issuance to Maple Resources of shares of our common stock each month with a value of $5,000, with the number of shares issued based on the average closing price of the stock during the prior month. Because no authorized common shares are currently available, no shares have been issued to Maple Resources in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective October 1, 2018, we entered into a consulting agreement with a related party to issue shares of our common stock each month with a value of $2,500, with the number of shares issued based on the average closing price of the stock during the prior month. The related party consultant provides certain administrative and accounting services and is reimbursed for expenses paid on behalf of the Company. As of July 31, 2020, consulting fees of $22,500 were payable in stock, and the related party had also advanced the Company $23,654, for a total of $46,154 included in accounts payable and accrued expenses &#8211; related parties. As of April 30, 2020, consulting fees of $15,000 were payable in stock, and the related party had also advanced the Company $18,179, for a total of $33,179 included in accounts payable and accrued expenses &#8211; related parties. Because no authorized common shares are currently available, no shares have been issued to the related party in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As a condition for entering into an October 9, 2018 convertible debenture (see Note 8), the lender required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the &#8220;Affiliates&#8221;), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to the lender to secure the repayment of the debenture by the Company. The pledge agreement was later amended to substitute 1,000 shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A Preferred stock) for the Class B Common Stock. As consideration to the Affiliates for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company&#8217;s common stock at $0.08 per share.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As more fully discussed in Note 9, Maple Resources, BNL Family Trust (a trust established for the benefit of Bruce Lemons, a director of the Company, and his family) and an individual who is a consultant and shareholder of the Company have provided funding to the Company or converted accounts payable and accrued expenses in the form of convertible notes payable. As of July 31, 2020, total principal of $129,766 and accrued interest payable of $2,066 were outstanding, and as of April 30, 2020, total principal of $43,500 and accrued interest payable of $690 were outstanding.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">Property and equipment consisted of the following:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Office furniture and equipment</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">13,864</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">13,864</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Computer equipment and software</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10,962</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10,962</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">67,088</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">67,088</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land improvements</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">452,005</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">452,005</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land easements</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">37,015</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">37,015</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">580,934</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">580,934</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less accumulated depreciation and amortization</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(82,608</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">(73,890</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">)</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">498,326</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">507,044</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">On July 28, 2017, the Company acquired 126 acres of land located near Fort Stockton, Texas for $67,088. This 126-acre parcel is the tract on which the Company intends to build a crude oil refinery (Note 6). Subsequently through April 30, 2020, the Company incurred a total of $478,480 additional costs to acquire certain easements related to the land parcel and make other improvements.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px">Depreciation and amortization expense totaled $8,718 and $8,587 for the three months ended July 31, 2020 and 2019, respectively.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;"></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On March 4, 2017, we entered into an agreement with Maple Resources, a related party, to acquire all of Maple&#8217;s right, title and interest (the &#8220;Rights&#8221;) in plans to build a crude oil refinery in Pecos County, Texas (the &#8220;Refinery Transaction&#8221;). On July 28, 2017, we acquired a 126-acre parcel of the land, which is the site for our project, at a purchase price of $550 per acre, or $67,088.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The focus of our current business plan is to build crude oil distillation units and refining facilities in the Permian Basin in West Texas (hereinafter referred to as the &#8220;Projects&#8221;, or the &#8220;Distillation Unit&#8221; or the &#8220;CDU&#8221; or the &#8220;Refinery&#8221;). We intend to implement our current business plan now in several phases, First, through our subsidiary, Pecos Refining, we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit, now permitted by the TCEQ, that will produce a non-transportation grade diesel primarily for sale in the local market for drilling mud and frac fluids, along with naphtha and residual fuel oil to be sold to other refiners. In additional phases as separate projects we are contemplating building a second and possibly a third CDU with capacity of 10,000 bpd each. We contemplate that these projects will be built on land owned or land being negotiated for purchase by the Company. As of this date, we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd (the &#8220;Louisiana Gulf Project&#8221;). Our ability to implement this business plan will depend upon the availability of debt and equity financing, as to which there can be no assurance.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">Accrued expenses consisted of the following at:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued payroll</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">30,090</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">30,090</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued consulting</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">18,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">24,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued interest and penalties</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">840,102</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">402,126</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Other</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">62,541</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">63,231</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">950,733</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">519,447</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;"><em>Note Payable, Currently in Default</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Note payable, currently in default, consists of the following at:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,<br />2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,<br />2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured March 18, 2014, with interest at 10%</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Accrued interest payable on note payable, currently in default, totaled $53,384 and $51,509 at July 31, 2020 and April 30, 2020, respectively.</p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px"><em>Convertible Notes Payable, Currently in Default</em></p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Convertible notes payable, currently in default, consist of the following:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;margin-left:auto;margin-right:auto;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $370 per share </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">25,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">25,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $100 per share </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,400</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,400</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,028</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,028</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,365</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,365</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">91,331</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">91,331</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,009</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,009</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured May 7, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">35,900</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">275,000</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">800,533</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">323,133</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">800,533</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">323,133</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective January 11, 2019, the Company issued and delivered to One44 Capital LLC (&#8220;One44&#8221;) a 10% convertible note in the principal amount of $120,000. The Company received net proceeds of $114,000 after payment of $6,000 of the fees and expenses of the lender and its counsel. One44, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company, with a floor of $0.03 per share. The note matured on January 11, 2020 and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $59,400 as of July 31,2020 and April 30, 2019. </p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective January 17, 2019, the Company issued and delivered to JSJ Investments, Inc. (&#8220;JSJ&#8221;) a 12% convertible note in the principal amount of $125,000. The Company received net proceeds of $122,000 after payment of $3,000 of the fees and expenses of the lender and its counsel. JSJ, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at $0.03 per share or, upon the occurrence of certain defined defaults, at a 42% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 17, 2020, with the interest rate increasing to 18%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 135% to 150% during the first 180 days after issuance. The principal balance was increased by a penalty of $10,700. The note had a principal balance of $53,028 as of July 31, 2020 and April 30, 2020. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective April 24, 2019, the Company issued and delivered to EMA Financial, LLC (&#8220;EMA&#8221;) a 10% convertible note in the principal amount of $55,000. The note was issued at a discount and the Company received net proceeds of $50,000 after payment of $3,750 of the fees and expenses of the lender and its counsel. EMA, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to the day the notice of conversion is received by the Company. The note matured on January 24, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 180 days the Note is in effect, the Company may redeem the note at redemption prices ranging from 120% to $140%. The Company may not redeem the note after 180 days from the issuance date. In November 2019, a penalty of $25,000 was added to the principal of the note. The note had a principal balance of $42,365 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective January 31, 2019, the Company issued and delivered to Auctus Fund, LLC (&#8220;Auctus&#8221;) a 10% convertible note in the principal amount of $125,000. The Company received net proceeds $112,250 after payment of $12,750 of the fees and expenses of the lender and its counsel. Auctus, on or following the 180<sup>th</sup> calendar day after the issuance date of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock a 40% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 31, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 120% to 135% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $91,331 as of July 31, 2020 and April 30, 2020. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective February 27, 2019, the Company issued and delivered to Coventry Enterprises, LLC (&#8220;Coventry&#8221;) a 10% convertible note in the principal amount of $55,000. The Company received net proceeds of $52,500 after payment of $2,500 of the fees and expenses of the lender and its counsel. Coventry, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company. The note matured on February 27, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 150 days the Note is in effect, the Company may redeem the note at a redemption price of 135%. The note had a principal balance of $2,009 as of July 31, 2020 and April 30, 2020. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective February 7, 2019, the Company issued and delivered to Geneva Roth Remark Holdings, Inc. (&#8220;Geneva&#8221;) a 12% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company&#8217;s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on May 7, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $35,900 as of July 31, 2020 and April 30, 2020. </p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective March 25, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company&#8217;s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on June 25, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective May 7, 2019, the Company issued and delivered to Odyssey Capital Funding LLC (&#8220;Odyssey&#8221;) a 10% convertible note in the principal amount of $100,000. The Company received $95,000 after payment of $5,000 of fees and expenses of the lender and its counsel. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the conversion date (with a floor of $0.03 per share for the six months following the date of the note). The note matured on May 7, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $10,000 has been added to the principal of the note. The note had a principal balance of $110,000 and $100,000 as of July 31, 2020 and April 30, 2020, respectively.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective June 19, 2019, the Company issued and delivered to Odyssey a 10% convertible note in the principal amount of $250,000. Of the note proceeds, $144,296 was paid to One44 to redeem its February 27, 2019 convertible note and the Company received $80,704 after payment of $25,000 of legal and brokerage fees. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the date of conversion (with a floor of $0.03 per share for the six months following the date of the note). The note matured on June 19, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $25,000 has been added to the principal of the note. The note had a principal balance of $275,000 and $250,000 as of July 31, 2020 and April 30, 2020, respectively.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Current Convertible Notes Payable</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Current convertible notes payable consisted of the following at:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;">$</td> <td style="width:9%;vertical-align:bottom;text-align:right;">24,700</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;">$</td> <td style="width:9%;vertical-align:bottom;text-align:right;">24,700</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">70,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">70,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Original issue discount convertible debenture to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">600,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">600,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">200,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">200,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">90,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">90,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">35,900</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">100,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020) </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">250,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">10,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">10,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;</p> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;margin-left:auto;margin-right:auto;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price &#8211; See discussion under Long-Term Convertible Notes Payable below:</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px 0px 0px 15px">Advance dated September 13, 2018, maturing September 13, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,380</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,380</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px 0px 0px 15px">Advance dated October 16, 2018, maturing October 16, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">123,200</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">123,200</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,285,780</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,728,180</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(62,673</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(140,941</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,223,107</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,587,239</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;&nbsp; </p> <p style="margin:0px;text-indent:45px">Effective September 13, 2018, the Company issued and delivered to GS Capital Partners, LLC (&#8220;GS&#8221;) a 10% convertible note in the principal amount of $110,000. The note was issued at a discount, resulting in the Company&#8217;s receipt of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock (i) during the first 180 days, at a price of $3.00 per share of common stock and (ii) thereafter at a 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $24,700 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective September 18, 2018, the Company issued and delivered to GS a 10% convertible note in the principal amount of $70,000. The note was issued at a discount and the Company received no net proceeds. GS paid $56,589 on behalf of the Company to a prior lender in settlement of a dispute and $9,101 was paid for fees and expenses of GS and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion (with a floor of $3.00 per share during the first six months after issuance.) The maturity date of the note has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the note at redemption prices ranging from 130% to 145% during the first 180 days after issuance. The note had a principal balance of $70,000 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective October 9, 2018, the Company issued and delivered to GS a 10% convertible debenture in the principal amount of $600,000. The debenture was issued with an original issue discount of $50,000, resulting in the Company&#8217;s receipt of $550,000 of net proceeds. The debenture was issued pursuant to a securities purchase agreement, which allows for the issuance of additional debentures to one or more holders on substantially identical terms. GS, at its option on and after the six-month anniversary of the date of issuance, may convert the unpaid principal balance of, and accrued interest on, the debentures into shares of common stock thereafter at a 40% discount from the average of the three lowest trading price during the 25 days prior to conversion. The maturity date of the debenture has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the debenture at redemption prices ranging from 112% to 137% during the first 180 days after issuance. The debenture had a principal balance of $600,000 as of July 31, 2020 and April 30, 2020. Affiliates of Jack W. Hanks and Bruce Lemons, our directors, pledged their shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A preferred stock) to GS to secure the repayment of the debenture by the Company.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective March 31, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $200,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to November 30, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $200,000 as of July 31, 2020 and April 30, 2020. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective February 4, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $90,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to February 4, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $90,000 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective February 20, 2019, the Company issued and delivered to GS a 10% convertible note in the principal amount of $110,000. The note was issued at a discount and the Company received net proceeds of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. During the first 180 days, GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.08 per share and thereafter at 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $110,000 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective June 4, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount and the Company received $50,000 after an original issue discount of $3,500 and payment of $3,000 of fees and expenses of the lender and its counsel. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matures on September 4, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The Company may not redeem the note after the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective December 27, 2020, the Company issued and delivered to a consultant a 5% convertible note in the principal amount of $10,000 in payment of accrued fees of $10,000. Subject to available common shares to issue, the note is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company. On December 27, 2019, the consultant simultaneously submitted a notice to convert the note into 9,090,909,091 shares of the Company&#8217;s common stock. The conversion was not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock. The note had a principal balance of $10,000 as of July 31, 2020 and April 30, 2020. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective September 13, 2018, the Company issued and delivered to Vista Capital Investments, LLC (&#8220;Vista&#8221;) a convertible note in the original maximum principal amount of $550,000 (consisting of an initial advance of $100,000 on such date and possible future advances). An original issue discount equal to 10% of each advance will be added to principal. The maturity date of advances under the convertible note is two years from the date of each advance. Terms of the convertible note include certain penalties for additional principal and changes in conversion prices when the trading price of the Company&#8217;s common stock decreases to defined levels.</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">An original issue discount of $10,000 and a one-time 12% interest charge of $13,200 was added to the $100,000 advance at inception, resulting in total initial principal of $123,200. As of July 31, 2020 and April 30, 2020, the note had a principal balance of $1,380.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On October 16, 2018, the Company received proceeds of $200,000 from a second advance under the Vista long-term convertible note. An original issue discount of $20,000 and a one-time 12% interest charge of $26,400 was added to the note principal, resulting in total principal of $246,400. Effective May 14, 2019, Vista assigned $123,200 of this note, resulting in a principal balance of $123,200 as of July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company&#8217;s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company&#8217;s equity securities.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Accrued interest payable on convertible notes payable totaled $437,867 and $351,307 at July 31, 2020 and April 30, 2020, respectively.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">There were no conversions of convertible notes payable during the three months ended July 31, 2020.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Convertible notes payable &#8211; related party consisted of the following: at July 31, 2020 and 2019:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;" colspan="6"> <p style="MARGIN: 0px; text-align:center;"><strong>Balance</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:left;"><strong>Related Party</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Maturity Date</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:left;"><strong>Consideration</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31, 2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30, 2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:20%;vertical-align:top;"> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:25%;"> <p style="margin:0px">Cash of $5,500 and Financing Fees of $5,500</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">BNL Family Trust</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">11,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">11,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">10,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">10,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">January 22, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">6,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">6,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">February 12, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">5,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">5,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">March 2, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">800</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">May 12, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">41,466</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">May 14, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">34,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">July 31, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">10,000</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">129,766</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">43,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(6,675</td> <td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(2,232</td> <td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Net</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">123,091</td> <td style="PADDING-BOTTOM: 3px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">41,268</td> <td style="PADDING-BOTTOM: 3px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px;text-indent:45px">&nbsp;&nbsp; </p> <p style="margin:0px;text-indent:45px">The convertible notes payable &#8211; related party accrue interest at an annual rate of 5%. Accrued interest payable totaled $2,066 and $690at July 31, 2020 and April 30, 2020, respectively.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Subject to available common shares available to issue, the convertible notes payable &#8211; related party are convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has identified the conversion feature of its convertible notes payable &#8211; related party as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On the effective date of each respective convertible note payable detailed above, the related party lenders simultaneously submitted notices to convert the total note principal of loans into shares of the Company&#8217;s common stock. The conversions were not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">With an effective date of April 20, 2020, a loan to the Company was approved under the terms and conditions of the Paycheck Protection Program of the United States Small Business Administration (&#8220;SBA&#8221;) and the CARES Act (2020) (H.R. 748) (15 U.S.C. 636 et seq.) ( the &#8220;Act&#8221; ) in the amount of $167,900 and was funded on April 21, 2020. The loan may be forgiven pursuant to the provisions of the Act. PPP loan payable had a balance of $167,900 at July 31, 2020 and April 30, 2020.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">On July 14, 2020, the Company received $10,000 pursuant to the SBA&#8217;s Express Bridge Loan Pilot Program. This program allows small businesses who have a business relationship with an SBA Express Lender to access up to $25,000 quickly. The funds were advanced to the Company since it has applied for an Economic Injury Disaster Loan (&#8220;EIDL&#8221;). The loan had a balance of $10,000 at July 31, 2020 and is to be repaid in full by proceeds from the EIDL.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management&#8217;s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management&#8217;s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">During the three months ended July 31, 2020, we had the following activity in our derivative liabilities:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Options and</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Convertible</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Notes</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance, April 30, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,418</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,433</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">New issuances of options, warrants and debt</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">6,602</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">6,602</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Change in fair value of derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(13</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,187,339</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,187,352</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance, July 31, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,426,681</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,426,683</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;&nbsp;&nbsp;&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Key inputs and assumptions used in valuing the Company&#8217;s derivative liabilities as of July 31, 2020 are as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <table style="border-spacing:0;font-size:10pt;font-variant:normal;font-weight:normal;font-style:normal;text-align:left;line-height:normal;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="width:8%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:4%;vertical-align:top;"> <p style="margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">Stock prices on all measurement dates were based on the fair market value</td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">Risk-free interest rate of 0.07% - 0.11%</td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">The probability of future financing was estimated at 100%</td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px"><font style="font-family:symbol">&#183;</font></p></td> <td style="vertical-align:top;">Computed volatility ranging from 1,546.4 to 1,524.8%</td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;&nbsp;&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">These inputs are subject to significant changes from period to period and to management&#8217;s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;"><em>Authorized Shares</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As of July 31, 2020, the Company had authorized 25,010,000,000 shares consisting of 25,000,000,000 shares of common stock and 10,000,000 shares of preferred stock. </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective July 30, 2019, the Company filed a Certificate of Designation designating Series A preferred stock consisting of 1,000 shares and having the rights and preferences set forth in the Certificate of Designation of the Series A preferred stock, as detailed below. Shareholders owning in excess of 50.1% of the outstanding shares of voting common stock of the Company executed a written consent approving an amendment to Article IV of the Amended and Restated Articles of Incorporation of the Company for this proposal. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <p style="MARGIN: 0px; text-align:justify;"><em>Common Stock Issuances</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">During the three months ended July 31, 2020, the Company did not issue any shares of its common stock.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">During the three months ended July 31, 2019, the Company issued a total of 322,125,328 shares of its common stock: 30,000 shares for services valued at $84; 1,116,961 shares valued at $11,508 in payment of accrued expenses of $13,500 resulting in a gain on extinguishment of debt of $1,992 and 320,978,367 shares valued at $368,932 in conversion of convertible notes principal of $361,614, accrued interest payable of $5,568 and payment of fees of $1,750. Settlement of derivative liabilities in the debt conversions totaled $425,325.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Series A Preferred Stock</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Series A preferred stock has no redemption, conversion or dividend rights; however, the holders of the Series A preferred stock, voting separately as a class, has the right to vote on all shareholder matters equal to 51% of the total vote.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Effective August 1, 2019, the Company issued 1,000 shares of Series A preferred stock to Maple Resources, a related party, for services rendered. The shares were valued at $23,900 by an independent valuation firm. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; text-align:justify;"><em>Warrants</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has issued warrants in prior years to investors in a series of subscription agreements in equity financings or for other stock-based compensation. Certain of the warrants contain anti-dilution provisions that the Company has identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes and considering the existence of a tainted equity environment (see Note 11).</p> <p style="margin:0px">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">A summary of warrant activity during the three months ended July 31, 2020 is presented below:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Remaining Contractual</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Life (Years)</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="7" style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, April 30, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">446,037,755</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.00</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.91</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Granted</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Canceled / Expired</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercised</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, July 31, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">446,037,755</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.00</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1.66</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;<em>Stock Options</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As a condition for entering into the October 9, 2018 GS convertible debenture (see Note 8), GS required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the &#8220;Affiliates&#8221;), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to GS to secure the repayment of the debenture by the Company. As consideration to the Affiliates for entering into the GS pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 common shares of the Company at $0.08 per share. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">A summary of the stock option activity during the three months ended July 31, 2020 is presented below:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; </p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Remaining Contractual</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Life (Years)</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="7" style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, April 30, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,000,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.08</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.62</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Granted</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Canceled / Expired</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercised</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, July 31, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2,000,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0.08</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">8.37</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px"><em>Common Stock Reserved</em></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Combined with the 13,352,828,472 common shares outstanding at July 31, 2020, all authorized common shares have been issued or reserved for issuance of outstanding warrants, stock options, and convertible notes payable and no common shares are available for share issuances other than those shares included in the reserves.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;"><em>Legal</em></p> <p style="MARGIN: 0px; text-align:justify;"><em>&nbsp; </em></p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS Capital Partners, LLC (&#8220;GS Capital&#8221;) to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company&#8217;s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company&#8217;s equity securities.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">On July 14, 2020, a consultant for rail services to the Company filed a complaint against the Company and its CEO Jack W Hanks, an individual, for payment of $100,000 of consulting fees. The Court Action is filed as CRU Trading Co, Plaintiff, v. MMEX Resources Corp and Jack W. Hanks in the District Court of Harris, County Texas Cause No. 2020-41853/Court;165. The Company, based on consultation with legal counsel, believes the complaint is without merit. The Company and Mr. Hanks are represented by counsel and have filed a verified denial. </p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">In accordance with ASC 855-10, all subsequent events have been reported through the filing date as set forth below.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Subsequent to July 31, 2020, the Company issued a total of 758,285,713 common shares to two lenders in the conversion of debt principal of $48,500 and accrued interest payable of $3,180.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries and entities under common ownership. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders&#8217; deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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. Actual results could differ from those estimates.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Office furniture and equipment</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Computer equipment and software</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5 years</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Refinery land improvements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">15 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="margin:0px">Refinery land easements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p></p> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp; The refinery land easements owned by the Company have a legal life of 10 years.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management&#8217;s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management&#8217;s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">Under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, <em>Fair Value Measurements and Disclosures, </em>and ASC 825, <em>Financial Instruments, </em>the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company&#8217;s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument&#8217;s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="margin:0px">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.</p> <p style="margin:0px">&nbsp;</p> <p style="margin:0px">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 33.75pt; text-align:justify;">Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>July 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1,426,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1,426,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>April 30, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,607,433</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,607,433</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company has adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. To date, the Company has no operating revenues; therefore, there was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard&#8217;s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Costs incurred prior to opening the Company&#8217;s proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting, are recorded as start-up costs and expensed as incurred.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Basic net income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock. </p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Basic weighted average number common shares outstanding are reconciled to diluted weighted average number of common shares outstanding as follows:</p> <p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="6"> <p style="MARGIN: 0px; text-align:center;"><strong>Three Months Ended<br />July 31,</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Basic weighted average number of shares</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,352,828,472</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">111,310,436</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dilutive effect of options, warrants and convertible notes payable</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">11,647,171,528</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Diluted weighted average number of shares</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">25,000,000,000</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">111,310,436</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Pursuant to FASB ASC 718, all share-based payments to employees, including grants of employee stock options, are recognized in the statement of operations based on their fair values. For the three months ended July 31, 2020 and 2019, the Company had no-based compensation to employees.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company&#8217;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#8217;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Certain amounts in the consolidated financial statements for the prior-year period have been reclassified to conform with the current-year period presentation.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">There were no new accounting pronouncements issued by the FASB during the three months ended July 31, 2020 and through the date of filing of this report that the Company believes will have a material impact on its consolidated financial statements.</p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:left;"><strong>Name of Entity</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>%</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Form<br />of Entity</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>State of<br />Incorporation</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Relationship</strong></p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">MMEX Resources Corporation (&#8220;MMEX&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Nevada</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Parent</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Pecos Refining &amp; Transport, LLC (&#8220;Pecos Refining&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">100</td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Texas</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Armadillo Holdings Group Corp. (&#8220;AHGC&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:top;text-align:right;">100</td> <td style="width:1%;vertical-align:top;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">British Virgin Isles</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Armadillo Mining Corp. (&#8220;AMC&#8221;)</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:top;text-align:right;">98.6</td> <td style="width:1%;vertical-align:top;white-space: nowrap;">%</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">British Virgin Isles</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="vertical-align:top;"> <p style="margin:0px">Subsidiary</p></td> <td style="width:1%;">&nbsp;</td></tr></table></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;">Office furniture and equipment</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;">Computer equipment and software</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">5 years</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="width:72%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;">Refinery land improvements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">15 years</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="width:72%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;">Refinery land easements</p></td> <td style="width:27%;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:right;">10 years</p></td></tr></table> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>July 31, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1,426,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1,426,683</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:justify;"><strong>April 30, 2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 1</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 2</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Level 3</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Derivative liabilities</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,607,433</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,607,433</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="6"> <p style="MARGIN: 0px; text-align:center;"><strong>Three Months Ended</strong><strong> <strong>July 31,</strong></strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>2019</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Basic weighted average number of shares</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">13,352,828,472</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">111,310,436</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Dilutive effect of options, warrants and convertible notes payable</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">11,647,171,528</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Diluted weighted average number of shares</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">25,000,000,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">111,310,436</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Office furniture and equipment</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,864</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">13,864</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Computer equipment and software</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,962</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,962</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">67,088</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">67,088</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land improvements</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">452,005</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">452,005</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Refinery land easements</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">37,015</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">37,015</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">580,934</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">580,934</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less accumulated depreciation and amortization</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(82,608</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(73,890</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">498,326</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">507,044</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued payroll</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">30,090</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">30,090</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued consulting</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">18,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">24,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Accrued interest and penalties</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">840,102</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">402,126</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Other</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">62,541</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">63,231</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">950,733</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">519,447</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,<br />2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,<br />2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured March 18, 2014, with interest at 10%</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">75,001</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:justify;font:10pt times new roman;margin-left:auto;margin-right:auto;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $370 per share </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">25,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">25,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $100 per share </p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,400</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">59,400</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,028</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">53,028</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,365</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">42,365</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">91,331</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">91,331</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,009</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,009</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured May 7, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">35,900</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">275,000</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;"> <p style="MARGIN: 0px; text-align:right;">&nbsp;-</p></td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">800,533</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">323,133</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">800,533</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">323,133</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:justify;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30,</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;">$</td> <td style="width:9%;vertical-align:bottom;text-align:right;">24,700</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;">$</td> <td style="width:9%;vertical-align:bottom;text-align:right;">24,700</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">70,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">70,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Original issue discount convertible debenture to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">600,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">600,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">200,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">200,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">90,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">90,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">35,900</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">110,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">100,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020) </p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">250,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">56,500</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">10,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;text-align:right;">10,000</td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <table style="border-spacing:0;text-align:justify;font:10pt times new roman;margin-left:auto;margin-right:auto;width:100%" cellpadding="0"> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price &#8211; See discussion under Long-Term Convertible Notes Payable below:</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px 0px 0px 15px">Advance dated September 13, 2018, maturing September 13, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,380</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,380</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px 0px 0px 15px">Advance dated October 16, 2018, maturing October 16, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">123,200</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">123,200</td> <td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,285,780</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,728,180</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(62,673</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(140,941</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Net</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,223,107</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,587,239</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><p style="MARGIN: 0px; text-align:justify;">&nbsp;</p> <table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: #000000 1px solid;vertical-align:bottom;text-align:center;" colspan="6"> <p style="MARGIN: 0px; text-align:center;"><strong>Balance</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"> <p style="MARGIN: 0px; text-align:left;"><strong>Related Party</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Maturity Date</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:left;"><strong>Consideration</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>July 31, 2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>April 30, 2020</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:20%;vertical-align:top;"> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:25%;"> <p style="margin:0px">Cash of $5,500 and Financing Fees of $5,500</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,000</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">BNL Family Trust</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">11,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">11,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">December 27, 2020</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">10,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">10,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">January 22, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">6,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">6,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">February 12, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">5,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">5,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">March 2, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">800</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">May 12, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">41,466</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Shareholder and consultant</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">May 14, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Accrued Consulting Fees</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">34,000</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">-</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Maple Resources Corporation</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="MARGIN: 0px; text-align:center;">July 31, 2021</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">Cash</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">10,000</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">-</td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Total</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">129,766</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="vertical-align:bottom;text-align:right;">43,500</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Less discount</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(6,675</td> <td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:right;">(2,232</td> <td style="PADDING-BOTTOM: 1px;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Net</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">123,091</td> <td style="PADDING-BOTTOM: 3px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;vertical-align:bottom;text-align:right;">41,268</td> <td style="PADDING-BOTTOM: 3px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p style="margin:0px"></p> <p></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Options and</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"> <p style="MARGIN: 0px; text-align:center;"><strong>Convertible</strong></p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" colspan="2" style="width:9%;"></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Warrants</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Notes</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="hdcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Total</strong></p></td> <td style="PADDING-BOTTOM: 1px;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance, April 30, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,418</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">2,607,433</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">New issuances of options, warrants and debt</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">6,602</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">6,602</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Change in fair value of derivative liabilities</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(13</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,187,339</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,187,352</td> <td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td></tr> <tr style="height:15px;background-color:#ffffff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td class="ffcell" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Balance, July 31, 2020</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">2</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,426,681</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td> <td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">1,426,683</td> <td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p> <p></p></div> <div style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN"><table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Remaining Contractual</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Life (Years)</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="7" style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, April 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">446,037,755</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1.00</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1.91</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Granted</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Canceled / Expired</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercised</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, July 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">446,037,755</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1.00</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">1.66</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px">&nbsp;</p> <p style="margin:0px">&nbsp;</p> <table style="border-spacing:0;font-size:10pt;width:100%" cellpadding="0"> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Shares</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Exercise</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Price</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;" colspan="2"> <p style="MARGIN: 0px; text-align:center;"><strong>Weighted</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Average</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Remaining Contractual</strong></p> <p style="MARGIN: 0px; text-align:center;"><strong>Life (Years)</strong></p></td> <td> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="2" style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td colspan="7" style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, April 30, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,000,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">0.08</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">8.62</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Granted</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td style="vertical-align:top;"> <p style="margin:0px">Canceled / Expired</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Exercised</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">-</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#cceeff"> <td> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr> <tr style="height:15px;background-color:#ffffff"> <td style="vertical-align:top;"> <p style="margin:0px">Outstanding, July 31, 2020</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">2,000,000</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;vertical-align:bottom;"> <p style="margin:0px 0px 0px 0cm">$</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">0.08</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td> <td style="width:9%;vertical-align:bottom;"> <p style="MARGIN: 0px 0px 0px 0cm; text-align:right;">8.37</p></td> <td style="width:1%;"> <p style="margin:0px">&nbsp;</p></td></tr></table> <p style="margin:0px"></p></div> Nevada Corporation Parent Texas Corporation Subsidiary 1 British Virgin Isles Corporation Subsidiary 1 British Virgin Isles Corporation Subsidiary 0.986 P10Y P5Y P15Y P10Y 0 0 0 0 1426683 2607433 11647171528 25000000000 111310436 As consideration to the Affiliates for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company&#8217;s common stock at $0.08 per share 22500 1000 2066 690 129766 43500 146654 103179 89380 101012 31633 31633 53691 79991 17897 22500 15000 46154 33179 2500 23654 18179 5000 580934 580934 82608 73890 13864 13864 10962 10962 67088 67088 452005 452005 37015 37015 126 67088 8718 8587 478480 we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd 126 67088 550 950733 519447 30090 30090 18000 24000 840102 402126 62541 63231 75001 75001 75001 75001 800533 323133 0 0 800533 323133 25000 25000 50000 50000 59400 59400 53028 53028 42365 42365 91331 91331 2009 2009 35900 0 56500 0 110000 0 275000 0 1285780 1728180 -62673 -140941 123200 123200 1380 1380 10000 10000 56500 56500 0 56500 0 250000 0 100000 110000 110000 0 35900 90000 90000 200000 200000 600000 600000 70000 70000 24700 24700 53384 51509 56500 56500 246400 Extend the maturity dates to November 20, 2020 1094750 487166 56500 56500 50000 56500 35900 35900 Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 29% discount from the lowest trading price during the 20 days prior to conversion. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The Company may not redeem the note after the first 180 days after issuance. The note matured on June 25, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note matured on May 7, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. 50000 50000 50000 3000 3000 3000 2020-09-04 2020-06-25 2020-05-07 0.09 0.09 0.12 0.12 3500 3500 3500 56500 56500 110000 110000 200000 200000 90000 90000 70000 70000 600000 600000 9090909091 10000 10000 10000 10000 Subject to available common shares to issue, the note is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company. 91331 91331 125000 2020-01-31 Auctus, on or following the 180th calendar day after the issuance date of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock a 40% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company The Company may redeem the note at redemption prices ranging from 120% to 135% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date 112250 12750 0.1 42365 42365 55000 The note matured on January 24, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 180 days the Note is in effect, the Company may redeem the note at redemption prices ranging from 120% to $140%. The Company may not redeem the note after 180 days from the issuance date. 50000 3750 2020-01-24 0.1 25000 9101 24700 24700 200000 90000 110000 600000 70000 110000 110000 4500 50000 4500 GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.08 per share and thereafter at 40% discount from the lowest trading price during the 20 days prior to conversion. May convert the unpaid principal balance of, and accrued interest on, the debentures into shares of common stock thereafter at a 40% discount from the average of the three lowest trading price during the 25 days prior to conversion. The note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion (with a floor of $3.00 per share during the first six months after issuance.) The note into shares of common stock (i) during the first 180 days, at a price of $3.00 per share of common stock and (ii) thereafter at a 40% discount from the lowest trading price during the 20 days prior to conversion. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance The Company may redeem the debenture at redemption prices ranging from 112% to 137% during the first 180 days after issuance The Company may redeem the note at redemption prices ranging from 130% to 145% during the first 180 days after issuance The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance 100000 550000 56589 100000 5500 9101 5500 2020-11-30 2020-11-20 2020-11-20 2020-11-20 2020-11-20 2020-11-20 0.18 0.18 0.1 0.1 0.1 0.1 59400 59400 120000 One44, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company, with a floor of $0.03 per share The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date 114000 6000 2020-01-11 0.1 53028 53028 125000 JSJ, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at $0.03 per share or, upon the occurrence of certain defined defaults, at a 42% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company The Company may redeem the note at redemption prices ranging from 135% to 150% during the first 180 days after issuance 122000 3000 2020-01-17 10700 0.12 2009 2009 55000 During the first 150 days the Note is in effect, the Company may redeem the note at a redemption price of 135%. 52500 2500 2020-02-27 0.1 110000 100000 275000 250000 250000 100000 The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the date of conversion (with a floor of $0.03 per share for the six months following the date of the note). The note matured on June 19, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the conversion date (with a floor of $0.03 per share for the six months following the date of the note). The note matured on May 7, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. 80704 95000 25000 5000 2020-06-19 2020-05-07 0.1 0.1 10000 10700 144296 100000 the Company may redeem the note at redemption prices ranging from 120% to $140%The Company may not redeem the note after 180 days from the issuance date. 1380 1380 550000 An original issue discount equal to 10% of each advance will be added to principal. 200000 123200 20000 10000 100000 13200 0.12 123200 123200 123200 26400 437867 351307 129766 43500 -6675 -2232 123091 41268 11000 11000 2020-12-27 Cash of $5,500 and Financing Fees of $5,500 Cash 2020-12-27 11000 11000 Accrued Consulting Fees 2020-12-27 10000 10000 Cash 2021-01-22 6500 6500 5000 5000 Cash 2021-02-12 Cash 800 0 2021-03-02 Accrued Consulting Fees 41466 0 2021-05-12 Accrued Consulting Fees 34000 0 2021-05-14 Cash 10000 0 2021-07-31 1.1 2066 690 0.05 167900 167900 167900 10000 This program allows small businesses who have a business relationship with an SBA Express Lender to access up to $25,000 quickly. 10000 2607433 6602 -1187352 1426683 2607418 6602 -1187339 1426681 15 0 0 -13 2 1 0.0007 15.248 0.0011 15.464 446037755 446037755 1.00 1.00 P1Y10M28D P1Y7M28D 2000000 2000000 0.08 0.08 P8Y7M13D P8Y4M13D Shareholders owning in excess of 50.1% of the outstanding shares of voting common stock 84 25010000000 13352828472 322125328 30000 11508 1116961 The Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 common shares of the Company at $0.08 per share. 0.08 2000000 10000000 The holders of the Series A preferred stock, voting separately as a class, has the right to vote on all shareholder matters equal to 51% of the total vote. 1000 13500 1000 23900 1992 368932 320978367 5568 361614 425325 1750 100000 487166 0.51 758285713 3180 48500 EX-101.SCH 5 mmex-20200731.xsd XBRL TAXONOMY EXTENSION SCHEMA 000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 000004 - Statement - Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000005 - Statement - Consolidated Statements of Stockholders Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000006 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 000007 - Disclosure - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 000009 - Disclosure - GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 000010 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 000011 - Disclosure - PROPERTY AND EQUIPMENT link:presentationLink link:calculationLink link:definitionLink 000012 - Disclosure - REFINERY PROJECT link:presentationLink link:calculationLink link:definitionLink 000013 - Disclosure - ACCRUED EXPENSES link:presentationLink link:calculationLink link:definitionLink 000014 - Disclosure - NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 000015 - Disclosure - NOTES PAYABLE - RELATED PARTIES link:presentationLink link:calculationLink link:definitionLink 000016 - Disclosure - OTHER NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 000017 - Disclosure - DERIVATIVE LIABILITIES link:presentationLink link:calculationLink link:definitionLink 000018 - Disclosure - STOCKHOLDERS' DEFICIT link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 000020 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 000021 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 000022 - Disclosure - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Tables) link:presentationLink link:calculationLink link:definitionLink 000023 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 000024 - Disclosure - PROPERTY AND EQUIPMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 000025 - Disclosure - ACCRUED EXPENSES (Tables) link:presentationLink link:calculationLink link:definitionLink 000026 - Disclosure - NOTES PAYABLE (Tables) link:presentationLink link:calculationLink link:definitionLink 000027 - Disclosure - NOTES PAYABLE - RELATED PARTY (Tables) link:presentationLink link:calculationLink link:definitionLink 000028 - Disclosure - DERIVATIVE LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 000029 - Disclosure - STOCKHOLDERS DEFICIT (Tables) link:presentationLink link:calculationLink link:definitionLink 000030 - Disclosure - BACKGROUND ORGANIZATION AND BASIS OF PRESENTATION (Details) link:presentationLink link:calculationLink link:definitionLink 000031 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 000032 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) link:presentationLink link:calculationLink link:definitionLink 000033 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) link:presentationLink link:calculationLink link:definitionLink 000034 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000035 - Disclosure - GOING CONCERN (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000036 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000037 - Disclosure - PROPERTY AND EQUIPMENT (Details) link:presentationLink link:calculationLink link:definitionLink 000038 - Disclosure - PROPERTY AND EQUIPMENT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000039 - Disclosure - REFINERY PROJECT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000040 - Disclosure - ACCRUED EXPENSES (Details) link:presentationLink link:calculationLink link:definitionLink 000041 - Disclosure - NOTES PAYABLE (Details) link:presentationLink link:calculationLink link:definitionLink 000042 - Disclosure - NOTES PAYABLE (Details 1) link:presentationLink link:calculationLink link:definitionLink 000043 - Disclosure - NOTES PAYABLE (Details 2) link:presentationLink link:calculationLink link:definitionLink 000044 - Disclosure - NOTES PAYABLE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000045 - Disclosure - NOTES PAYABLE - RELATED PARTIES (Details) link:presentationLink link:calculationLink link:definitionLink 000046 - Disclosure - NOTES PAYABLE - RELATED PARTIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000047 - Disclosure - OTHER NOTES PAYABLE (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000048 - Disclosure - DERIVATIVE LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 000049 - Disclosure - DERIVATIVE LIABILITIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000050 - Disclosure - STOCKHOLDERS DEFICIT (Details) link:presentationLink link:calculationLink link:definitionLink 000051 - Disclosure - STOCKHOLDERS DEFICIT (Details 1) link:presentationLink link:calculationLink link:definitionLink 000052 - Disclosure - STOCKHOLDERS DEFICIT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000053 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 000054 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 6 mmex-20200731_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Amendment Flag Current Fiscal Year End Date Entity Small Business Entity Shell Company Entity Emerging Growth Company Entity Current Reporting Status Document Period End Date Entity Filer Category Document Fiscal Period Focus Document Fiscal Year Focus Entity Common Stock Shares Outstanding Document Quarterly Report Document Transition Report Entity Interactive Data Current Condensed Consolidated Balance Sheets Assets Current assets: Cash Prepaid expenses and other current assets Total current assets [Assets, Current] Property and equipment, net Deposit Total assets [Assets] Liabilities and Stockholders' Deficit Current liabilities: Accounts payable Accrued expenses Accounts payable and accrued expenses - related parties Note payable, currently in default Convertible notes payable, currently in default, net of discount of $0 and $0 at July 31, 2020 and April 30, 2020, respectively Convertible notes payable, net of discount of $62,673 and $140,941 at July 31, 2020 and April 30, 2020, respectively Convertible notes payable - related parties, net of discount of $6,675 and $2,232 at July 31, 2020 and April 30, 2020, respectively PPP loan payable SBA express bridge loan payable Derivative liabilities Total current liabilities [Liabilities, Current] Total liabilities [Liabilities] Commitments and contingencies Stockholders' deficit: Common stock; $0.001 par value; 25,000,000,000 shares authorized, 13,352,828,472 shares issued and outstanding at July 31, 2020 and April 30, 2020 Preferred stock; $0.001 par value; 10,000,000 shares authorized, 1,000 Series A shares issued and outstanding Additional paid-in capital Non-controlling interest Accumulated (deficit) Total stockholders' deficit [Stockholders' Equity Attributable to Parent] Total liabilities and stockholders' deficit [Liabilities and Equity] Statement [Table] Statement [Line Items] Statement Class Of Stock Axis Series A [Member] Convertible notes, net of discount currently in default Convertible notes payable, net of discount Convertible notes payable - related party, net of discount Common stock, par value Common stock, Authorized Common stock, Issued Common stock, outstanding Preferred stock, par value Preferred stock, Authorized Preferred stock, Issued Preferred stock, outstanding Consolidated Statements of Operations (Unaudited) Revenues Operating expenses: General and administrative expenses Refinery start-up costs Depreciation and amortization Total operating expenses [Operating Expenses] Loss from operations [Operating Income (Loss)] Other income (expense): Interest expense Gain on derivative liabilities [Derivative, Loss on Derivative] Gain on extinguishment of liabilities [Gain on extinguishment of liabilities] Total other income (expense) Income (loss) before income taxes Provision for income taxes Net income (loss) Non-controlling interest in income of consolidated subsidiaries Net income (loss) attributable to the Company Net income (loss) per common share: Basic Diluted Weighted average number of common shares outstanding: Basic [Weighted Average Number of Shares Outstanding, Basic] Diluted [Weighted Average Number of Shares Outstanding, Basic and Diluted] Consolidated Statements of Stockholders Equity (Unaudited) Statement Equity Components [Axis] Common Stock Class A Preferred Stock Additional Paid-In Capital Non-Controlling Interest Accumulated Deficit Balance, shares [Shares, Issued] Balance, amount Shares issued for: Services, shares Shares issued for: Services, amount Accrued expenses, shares Accrued expenses, amount Conversion of convertible notes payable and accrued interest, shares Conversion of convertible notes payable and accrued interest, amount Settlement of derivative liabilities Net loss Balance, shares Balance, amount Consolidated Statements of Cash Flows (Unaudited) Cash flows from operating activities: Net income (loss) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization expense Gain on derivative liabilities Amortization of debt discount Interest expense added to convertible note payable principal Stock-based compensation Gain on extinguishment of liabilities Decrease in prepaid expenses and other current assets Increase (decrease) in liabilities: Accounts payable [Increase (Decrease) in Accounts Payable] Accrued expenses [Increase (Decrease) in Accrued Liabilities] Accounts payable and accrued expenses - related party Net cash used in operating activities [Net Cash Provided by (Used in) Operating Activities] Cash flows from investing activities: Purchase of property and equipment [Payments to Acquire Property, Plant, and Equipment] Net cash used in investing activities [Net Cash Provided by (Used in) Investing Activities] Cash flows from financing activities: Proceeds from convertible notes payable Proceeds from convertible notes payable - related party Repayments of convertible notes payable [Repayments of Subordinated Debt] Proceeds from SBA express bridge loan payable Net cash provided by financing activities [Net Cash Provided by (Used in) Financing Activities] Net decrease in cash [Cash and Cash Equivalents, Period Increase (Decrease)] Cash at the beginning of the period Cash at the end of the period Supplemental disclosure: Interest paid Income taxes paid Non-cash investing and financing activities: Derivative liabilities for related party debt discount Convertible notes payable - related party for accrued expenses Common stock issued in conversion of debt Common stock issued for accrued expenses Settlement of derivative liabilities Derivative liabilities for debt discount Related party gain on common shares issued for services BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION NOTE 1 - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES GOING CONCERN NOTE 3 - GOING CONCERN RELATED PARTY TRANSACTIONS NOTE 4 - RELATED PARTY TRANSACTIONS PROPERTY AND EQUIPMENT NOTE 5 - PROPERTY AND EQUIPMENT REFINERY PROJECT NOTE 6 - REFINERY PROJECT ACCRUED EXPENSES NOTE 7 - ACCRUED EXPENSES NOTES PAYABLE NOTE 8 - NOTES PAYABLE NOTES PAYABLE - RELATED PARTIES NOTE - 9 NOTES PAYABLE - RELATED PARTY NOTE 10 - OTHER NOTES PAYABLE DERIVATIVE LIABILITIES NOTE 11 - DERIVATIVE LIABILITIES STOCKHOLDERS' DEFICIT NOTE 12 - STOCKHOLDERS' DEFICIT COMMITMENTS AND CONTINGENCIES NOTE 13 - COMMITMENTS AND CONTINGENCIES SUBSEQUENT EVENTS NOTE 14 - SUBSEQUENT EVENTS Consolidation Use of estimates Property and equipment Derivative liabilities Derivatives, Reporting of Derivative Activity [Policy Text Block] Fair value of financial instruments Revenue Recognition Refinery start-up costs [Refinery start-up costs] Basic and diluted income (loss) per share Employee Stock-based compensation Issuance of shares for non-cash consideration Reclassifications Recently issued accounting pronouncements Schedule of Entity operational details Estimated useful life of the related asset Summary of derivative liabilities schedule Basic weighted average number common shares outstanding Property and Equipment Schedule of Accrued expenses Schedule of Notes payable, currently in default Schedule of Convertible Notes Payable, Currently in Default Schedule of Current Convertible Notes Payable Schedule of notes payable related party Derivative liabilities Schedule of Derivative Liabilities at Fair Value [Table Text Block] Summary of warrant activity Consolidated Entities [Axis] MMEX Resources Corporation [Member] Pecos Refining & Transport, LLC [Member] Armadillo Holdings Group Corp. [Member] Armadillo Mining Corp [Member] State of Incorporation Form of Entity Relationship Ownership Percentage Property Plant And Equipment By Type Axis Office furniture and equipment [Member] Computer equipment and software [Member] Refinery land improvements [Member] Refinery land easements [Member] Property plant and equipment estimated useful life Fair Value By Fair Value Hierarchy Level Axis Level 1 [Member] Level 2 [Member] Level 3 [Member] Derivative liabilities Basic weighted average number of shares Dilutive effect of warrants and convertible notes payable Diluted weighted average number of shares Property plant and equipment estimated useful life Accumulated deficit Stockholders' deficit Related Party [Axis] Related Party Transaction Axis Award Date [Axis] Maple Resources Corporation [Member] Consultants [Member] Former Officer [Member] President and CEO [Member] Related Party [Member] Common Stocks [Member] October 1, 2018 [Member] Pledge agreement, description Consulting fees Substitute shares Accrued interest payable Accounts payable and accrued expenses - related party Principal amont Consulting fees and expense Accounts payable and accrued expenses - related Consulting fees (Monthly) Shares issued value related party each month Advance to company Product Or Service Axis Refinery Land [Member] Property and equipment, gross Less accumulated depreciation and amortization [Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment] Property and equipment, net Property and Equipment [Member] Maple Resources Corporation [Member] Acquisition of land (acres) Payment to acquire land Depreciation and amortization expense [Depreciation, Depletion and Amortization] REFINERY PROJECT (Details Narrative) Title of Individual [Axis] Louisiana Gulf Project [Member] Distillation Unit Description Acquisition of land (acres) Payment to acquire land [Payments to Acquire Land Held-for-use] Land purchase price per acre Balance Sheet Location Axis Accrued Payroll [Member] Accrued Consulting [Member] Accrued Interest [Member] Other [Member] Total Accrued Expenses Short Term Debt Type Axis Note Payable [Member] Notes payable, currently in default Note Payable [Member] Notes Payable One [Member] Notes Payable Two [Member] Notes Payable Three [Member] Notes Payable Four [Member] Notes Payable Five [Member] Notes Payable Six [Member] Notes Payable Seven [Member] Notes Payable Eight [Member] Notes Payable Nine [Member] Notes Payable Ten [Member] Convertible notes payable, currently in default, gross Less discount Convertible notes payable, currently in default, net of discount Convertible notes payable Debt Instrument Axis Convertible Notes Payable [Member] Accredited investor fourteen [Member] Accredited investor Thirteen [Member] Accredited investor twelve [Member] Accredited investor eleven [Member] Accredited investor ten [Member] Accredited investor nine [Member] Accredited investor eight [Member] Accredited investor seven [Member] Accredited investor six [Member] Accredited investor five [Member] Accredited investor four [Member] Accredited investor three [Member] Accredited investor two [Member] Accredited investor one [Member] Total [Convertible Notes Payable, Current] Less discount [Debt Instrument, Unamortized Discount] Net Debt Instrument Redemption Period Axis Subsequent Event Type [Axis] Plan Name Axis GS Capital [Member] Geneva Roth Remark Holdings, Inc. [Member] Convertible Note [Member] Convertible Notes [Member] Geneva One [Member] GS Three [Member] GS Two [Member] GS One [Member] Subsequent Event [Member] December 27, 2020 [Member] Auctus Fund, LLC [Member] EMA Financial, LLC [Member] GS Capital Partners, LLC [Member] One44 Capital LLC [Member] January 11, 2019 [Member] JSJ Investments, Inc [Member] Coventry Enterprises, LLC [Member] Odyssey Capital Funding LLC [Member] Auctus [Member] Vista [Member] Long Term Convertible Note [Member] Second Advance [Member] Convertible Notes Payable One [Member] Accrued interest payable, currently in default Principal debt balance Maturity date Debt amount Accrued interest Principal amount Terms of conversion feature Debt redemption description Proceeds from issuance of debt Fees and expenses Maturity date [Debt Instrument, Maturity Date] Interest rate Debt instrument converted principal amount Debt issue discount Principal debt balance [Principal debt balance] Debt conversion, converted instrument, shares issued Payment of accrued fees Penalty Fees and Expense Discount on issuance of debt Convertible note payable interest rate Penalty expenses Original issue discount description Payment for notes payable to One44 Initial advance amount Interest charges, amount Interest charge, percentage charges Interest charge Maple Resources Corporation ("Maple") [Member] BNL Family Trust ("BNL") [Member] Shareholder and consultant 1 [Member] Shareholder and consultant 2 [Member] Maple Resources Corporation One [Member] Maple Resources Corporation Two [Member] Shareholder and consultant Three [Member] Maple Resources Corporation Three [Member] Total [Total] Less discount [Debt Instrument, Unamortized Discount (Premium), Net] Net [Net] Amount Maturity date Consideration Convertible notes payable - related party [Member] Conversion price Accrued interest payable Convertible notes payable, related party accrue interest, percentage Paycheck Protection Program [Member] Express Bridge Loan Pilot Program [Member] Econimic Injury Disaster Loan [Member] Proceeds from loan Loan received Lender description Class Of Warrant Or Right Axis Convertible Notes Payable [Member] Options and Warrants [Member] Beginning Balance New issuances of options, warrants and debt Change in fair value of derivative liabilities Ending Balance New issuances of options, warrants and debt [New issuances of options, warrants and debt] Change in fair value of derivative liabilities [Change in fair value of derivative liabilities] Convertible Notes, Ending Balance Options and Warrants, Beginning Balance Debt conversions and warrant exercises Change in fair value of derivative liabilities [Change in fair value of derivative liabilities 1] Options and Warrants, Ending Balance DERIVATIVE LIABILITIES (Details Narrative) Range Axis Minimum [Member] Maximum [Member] Probability of future financing Risk-free interest rates Volatility Derivative Instrument Risk Axis Warrant [Member] Shares, outstanding, beginning balance [Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number] Shares, Granted Shares, Canceled/Expired Shares, Exercised Shares, outstanding, ending balance Weghted Average Exercise Price Weghted Average Exercise Price, beginning balance [Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price] Weghted Average Exercise Price, Ending Balance Weighted Average Remaining Contractual Life (Years) Weighted Average Remaining Contractual Life, Beginning Weighted Average Remaining Contractual Life, Ending Financial Instrument [Axis] Options [Member] Weghted Average Exercise Price Weghted Average Exercise Price, Granted Weighted Average Remaining Contractual Life (Years) Weighted Average Remaining Contractual Life, Beginning Weighted Average Remaining Contractual Life, Ending Preferred stock Common Stock Issuances [Member] Maple Resources Corporation [Member] [Maple Resources Corporation [Member]] August 1, 2019 [Member] Stock Issuances [Member] Accrued expenses [Member] Common stock, voting rights, Description Common stock, Authorized Services, Amount Stock authorized Reserved for issuance outstanding Common stock, shares issued Services, shares Shares issued for accrued expenses, value Shares issued for accrued expenses, shares Pledge agreement, description [Pledge agreement, description] Stock options exercisable Number of options Preferred stock, Authorized Preferred stock designated share Accrued expenses Preferred stock shares Preferred stock, value Gain (loss) on extinguishment of debt Common stock shares issued upon conversion of debt, value Common stock shares issued upon conversion of debt, shares Accrued interest payable [Line of Credit Facility, Increase, Accrued Interest] Debt conversion converted amount Settlement of derivative liabilities [Derivative Liability] Payment for fees Subsequent Event [Member] CEO Jack W Hanks [Member] GS Capital [Member] Consulting fees payable Debt amount Voting power rate Maturity date Dividends [Axis] Two Lenders [Member] Debt conversion, converted instrument, shares issued Accrued interest payable [Deposit Liabilities, Accrued Interest] Conversion of debt principal amount Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. Number of excess stock shares of an entity that have been sold or granted to shareholders. Amount of long-term notes payable classified as other. Area of land held. EX-101.CAL 7 mmex-20200731_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.PRE 8 mmex-20200731_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EX-101.DEF 9 mmex-20200731_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE XML 10 R10.htm IDEA: XBRL DOCUMENT v3.20.2
RELATED PARTY TRANSACTIONS
3 Months Ended
Jul. 31, 2020
RELATED PARTY TRANSACTIONS  
NOTE 4 - RELATED PARTY TRANSACTIONS

As of July 31, 2020, accounts payable and accrued expenses to related parties, consisting primarily of consulting fees and expense reimbursements payable, totaled $269,733 consisting of $89,380 payable to Maple Resources Corporation (“Maple Resources”), $31,633 to a former officer, $146,654 to consultants who are significant shareholders or affiliates of our President and CEO and $2,066 accrued interest payable on related party convertible notes payable.

 

As of April 30, 2020, accounts payable and accrued expenses to related parties totaled $236,514 consisting of $101,012 payable to Maple Resources, $31,633 to a former officer, $103,179 to consultants who are significant shareholders or affiliates of our President and CEO and $690 accrued interest payable on related party convertible notes payable.

 

Effective July 1, 2019, we entered into a consulting agreement with Maple Resources, a related party controlled by our President and CEO, that provides for payment of consulting fees and expense reimbursement related to the development of the refinery project, financing and other corporate activities. Effective January 1, 2020, the Maple consulting agreement was amended to provide for monthly consulting fees of $17,897. During the three months ended July 31, 2020 and 2019, we incurred consulting fees to Maple Resources totaling $53,691 and $79,991, respectively.

 

In addition, the consulting agreement provides for the issuance to Maple Resources of shares of our common stock each month with a value of $5,000, with the number of shares issued based on the average closing price of the stock during the prior month. Because no authorized common shares are currently available, no shares have been issued to Maple Resources in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.

 

Effective October 1, 2018, we entered into a consulting agreement with a related party to issue shares of our common stock each month with a value of $2,500, with the number of shares issued based on the average closing price of the stock during the prior month. The related party consultant provides certain administrative and accounting services and is reimbursed for expenses paid on behalf of the Company. As of July 31, 2020, consulting fees of $22,500 were payable in stock, and the related party had also advanced the Company $23,654, for a total of $46,154 included in accounts payable and accrued expenses – related parties. As of April 30, 2020, consulting fees of $15,000 were payable in stock, and the related party had also advanced the Company $18,179, for a total of $33,179 included in accounts payable and accrued expenses – related parties. Because no authorized common shares are currently available, no shares have been issued to the related party in payment of consulting fees for the months of November 2019 through July 31, 2020 under the consulting agreement.

 

As a condition for entering into an October 9, 2018 convertible debenture (see Note 8), the lender required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the “Affiliates”), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to the lender to secure the repayment of the debenture by the Company. The pledge agreement was later amended to substitute 1,000 shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A Preferred stock) for the Class B Common Stock. As consideration to the Affiliates for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company’s common stock at $0.08 per share.

 

As more fully discussed in Note 9, Maple Resources, BNL Family Trust (a trust established for the benefit of Bruce Lemons, a director of the Company, and his family) and an individual who is a consultant and shareholder of the Company have provided funding to the Company or converted accounts payable and accrued expenses in the form of convertible notes payable. As of July 31, 2020, total principal of $129,766 and accrued interest payable of $2,066 were outstanding, and as of April 30, 2020, total principal of $43,500 and accrued interest payable of $690 were outstanding.

XML 11 R11.htm IDEA: XBRL DOCUMENT v3.20.2
PROPERTY AND EQUIPMENT
3 Months Ended
Jul. 31, 2020
PROPERTY AND EQUIPMENT  
NOTE 5 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Office furniture and equipment

 

$

13,864

 

 

$

13,864

 

Computer equipment and software

 

 

10,962

 

 

 

10,962

 

Refinery land

 

 

67,088

 

 

 

67,088

 

Refinery land improvements

 

 

452,005

 

 

 

452,005

 

Refinery land easements

 

 

37,015

 

 

 

37,015

 

 

 

 

580,934

 

 

 

580,934

 

Less accumulated depreciation and amortization

 

 

(82,608

)

 

 

(73,890

)

 

 

 

 

 

 

 

 

 

 

 

$

498,326

 

 

$

507,044

 

 

On July 28, 2017, the Company acquired 126 acres of land located near Fort Stockton, Texas for $67,088. This 126-acre parcel is the tract on which the Company intends to build a crude oil refinery (Note 6). Subsequently through April 30, 2020, the Company incurred a total of $478,480 additional costs to acquire certain easements related to the land parcel and make other improvements.

 

Depreciation and amortization expense totaled $8,718 and $8,587 for the three months ended July 31, 2020 and 2019, respectively.

XML 12 R12.htm IDEA: XBRL DOCUMENT v3.20.2
REFINERY PROJECT
3 Months Ended
Jul. 31, 2020
REFINERY PROJECT  
NOTE 6 - REFINERY PROJECT

On March 4, 2017, we entered into an agreement with Maple Resources, a related party, to acquire all of Maple’s right, title and interest (the “Rights”) in plans to build a crude oil refinery in Pecos County, Texas (the “Refinery Transaction”). On July 28, 2017, we acquired a 126-acre parcel of the land, which is the site for our project, at a purchase price of $550 per acre, or $67,088.

 

The focus of our current business plan is to build crude oil distillation units and refining facilities in the Permian Basin in West Texas (hereinafter referred to as the “Projects”, or the “Distillation Unit” or the “CDU” or the “Refinery”). We intend to implement our current business plan now in several phases, First, through our subsidiary, Pecos Refining, we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit, now permitted by the TCEQ, that will produce a non-transportation grade diesel primarily for sale in the local market for drilling mud and frac fluids, along with naphtha and residual fuel oil to be sold to other refiners. In additional phases as separate projects we are contemplating building a second and possibly a third CDU with capacity of 10,000 bpd each. We contemplate that these projects will be built on land owned or land being negotiated for purchase by the Company. As of this date, we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd (the “Louisiana Gulf Project”). Our ability to implement this business plan will depend upon the availability of debt and equity financing, as to which there can be no assurance.

XML 13 R13.htm IDEA: XBRL DOCUMENT v3.20.2
ACCRUED EXPENSES
3 Months Ended
Jul. 31, 2020
ACCRUED EXPENSES  
NOTE 7 - ACCRUED EXPENSES

Accrued expenses consisted of the following at:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Accrued payroll

 

$

30,090

 

 

$

30,090

 

Accrued consulting

 

 

18,000

 

 

 

24,000

 

Accrued interest and penalties

 

 

840,102

 

 

 

402,126

 

Other

 

 

62,541

 

 

 

63,231

 

 

 

 

 

 

 

 

 

 

 

 

$

950,733

 

 

$

519,447

 

XML 14 R14.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE
3 Months Ended
Jul. 31, 2020
NOTES PAYABLE  
NOTE 8 - NOTES PAYABLE

Note Payable, Currently in Default

 

Note payable, currently in default, consists of the following at:

 

 

 

July 31,
2020

 

 

April 30,
2020

 

 

 

 

 

 

 

 

Note payable to an unrelated party, matured March 18, 2014, with interest at 10%

 

$ 75,001

 

 

$ 75,001

 

 

 

 

 

 

 

 

 

 

 

 

$ 75,001

 

 

$ 75,001

 

 

Accrued interest payable on note payable, currently in default, totaled $53,384 and $51,509 at July 31, 2020 and April 30, 2020, respectively.

 

Convertible Notes Payable, Currently in Default

 

Convertible notes payable, currently in default, consist of the following:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $370 per share

 

$ 25,000

 

 

$ 25,000

 

Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $100 per share

 

 

50,000

 

 

 

50,000

 

Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price

 

 

59,400

 

 

 

59,400

 

Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

53,028

 

 

 

53,028

 

Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

42,365

 

 

 

42,365

 

Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

91,331

 

 

 

91,331

 

Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

2,009

 

 

 

2,009

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

35,900

 

 

 

-

 

Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

 -

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

 -

 

Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

275,000

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

800,533

 

 

 

323,133

 

Less discount

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total

 

$ 800,533

 

 

$ 323,133

 

 

Effective January 11, 2019, the Company issued and delivered to One44 Capital LLC (“One44”) a 10% convertible note in the principal amount of $120,000. The Company received net proceeds of $114,000 after payment of $6,000 of the fees and expenses of the lender and its counsel. One44, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company, with a floor of $0.03 per share. The note matured on January 11, 2020 and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $59,400 as of July 31,2020 and April 30, 2019.

 

Effective January 17, 2019, the Company issued and delivered to JSJ Investments, Inc. (“JSJ”) a 12% convertible note in the principal amount of $125,000. The Company received net proceeds of $122,000 after payment of $3,000 of the fees and expenses of the lender and its counsel. JSJ, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at $0.03 per share or, upon the occurrence of certain defined defaults, at a 42% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 17, 2020, with the interest rate increasing to 18%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 135% to 150% during the first 180 days after issuance. The principal balance was increased by a penalty of $10,700. The note had a principal balance of $53,028 as of July 31, 2020 and April 30, 2020.

 

Effective April 24, 2019, the Company issued and delivered to EMA Financial, LLC (“EMA”) a 10% convertible note in the principal amount of $55,000. The note was issued at a discount and the Company received net proceeds of $50,000 after payment of $3,750 of the fees and expenses of the lender and its counsel. EMA, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to the day the notice of conversion is received by the Company. The note matured on January 24, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 180 days the Note is in effect, the Company may redeem the note at redemption prices ranging from 120% to $140%. The Company may not redeem the note after 180 days from the issuance date. In November 2019, a penalty of $25,000 was added to the principal of the note. The note had a principal balance of $42,365 as of July 31, 2020 and April 30, 2020.

 

Effective January 31, 2019, the Company issued and delivered to Auctus Fund, LLC (“Auctus”) a 10% convertible note in the principal amount of $125,000. The Company received net proceeds $112,250 after payment of $12,750 of the fees and expenses of the lender and its counsel. Auctus, on or following the 180th calendar day after the issuance date of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock a 40% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company. The note matured on January 31, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 120% to 135% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date. The note had a principal balance of $91,331 as of July 31, 2020 and April 30, 2020.

 

Effective February 27, 2019, the Company issued and delivered to Coventry Enterprises, LLC (“Coventry”) a 10% convertible note in the principal amount of $55,000. The Company received net proceeds of $52,500 after payment of $2,500 of the fees and expenses of the lender and its counsel. Coventry, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company. The note matured on February 27, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 150 days the Note is in effect, the Company may redeem the note at a redemption price of 135%. The note had a principal balance of $2,009 as of July 31, 2020 and April 30, 2020.

 

Effective February 7, 2019, the Company issued and delivered to Geneva Roth Remark Holdings, Inc. (“Geneva”) a 12% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company’s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on May 7, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $35,900 as of July 31, 2020 and April 30, 2020.

 

Effective March 25, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount, resulting in the Company’s receipt of $50,000 after payment of $3,000 of the fees and expenses of the lender and its counsel and an original issue discount of $3,500. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matured on June 25, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.

 

Effective May 7, 2019, the Company issued and delivered to Odyssey Capital Funding LLC (“Odyssey”) a 10% convertible note in the principal amount of $100,000. The Company received $95,000 after payment of $5,000 of fees and expenses of the lender and its counsel. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the conversion date (with a floor of $0.03 per share for the six months following the date of the note). The note matured on May 7, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $10,000 has been added to the principal of the note. The note had a principal balance of $110,000 and $100,000 as of July 31, 2020 and April 30, 2020, respectively.

 

Effective June 19, 2019, the Company issued and delivered to Odyssey a 10% convertible note in the principal amount of $250,000. Of the note proceeds, $144,296 was paid to One44 to redeem its February 27, 2019 convertible note and the Company received $80,704 after payment of $25,000 of legal and brokerage fees. Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the date of conversion (with a floor of $0.03 per share for the six months following the date of the note). The note matured on June 19, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance. A penalty of $25,000 has been added to the principal of the note. The note had a principal balance of $275,000 and $250,000 as of July 31, 2020 and April 30, 2020, respectively.

 

Current Convertible Notes Payable

 

Current convertible notes payable consisted of the following at:

 

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

$ 24,700

 

 

$ 24,700

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

70,000

 

 

 

70,000

 

Original issue discount convertible debenture to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

600,000

 

 

 

600,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

200,000

 

 

 

200,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

90,000

 

 

 

90,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

35,900

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

110,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

100,000

 

Note payable to an accredited investor, maturing June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

250,000

 

Note payable to an accredited investor, maturing June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

56,500

 

Note payable to an accredited investor, maturing September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

56,500

 

Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price

 

 

10,000

 

 

 

10,000

 

 

Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price – See discussion under Long-Term Convertible Notes Payable below:

 

 

 

 

 

 

Advance dated September 13, 2018, maturing September 13, 2020

 

 

1,380

 

 

 

1,380

 

Advance dated October 16, 2018, maturing October 16, 2020

 

 

123,200

 

 

 

123,200

 

Total

 

 

1,285,780

 

 

 

1,728,180

 

Less discount

 

 

(62,673 )

 

 

(140,941 )

 

 

 

 

 

 

 

 

 

Net

 

$ 1,223,107

 

 

$ 1,587,239

 

  

Effective September 13, 2018, the Company issued and delivered to GS Capital Partners, LLC (“GS”) a 10% convertible note in the principal amount of $110,000. The note was issued at a discount, resulting in the Company’s receipt of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock (i) during the first 180 days, at a price of $3.00 per share of common stock and (ii) thereafter at a 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $24,700 as of July 31, 2020 and April 30, 2020.

 

Effective September 18, 2018, the Company issued and delivered to GS a 10% convertible note in the principal amount of $70,000. The note was issued at a discount and the Company received no net proceeds. GS paid $56,589 on behalf of the Company to a prior lender in settlement of a dispute and $9,101 was paid for fees and expenses of GS and its counsel. GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion (with a floor of $3.00 per share during the first six months after issuance.) The maturity date of the note has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the note at redemption prices ranging from 130% to 145% during the first 180 days after issuance. The note had a principal balance of $70,000 as of July 31, 2020 and April 30, 2020.

 

Effective October 9, 2018, the Company issued and delivered to GS a 10% convertible debenture in the principal amount of $600,000. The debenture was issued with an original issue discount of $50,000, resulting in the Company’s receipt of $550,000 of net proceeds. The debenture was issued pursuant to a securities purchase agreement, which allows for the issuance of additional debentures to one or more holders on substantially identical terms. GS, at its option on and after the six-month anniversary of the date of issuance, may convert the unpaid principal balance of, and accrued interest on, the debentures into shares of common stock thereafter at a 40% discount from the average of the three lowest trading price during the 25 days prior to conversion. The maturity date of the debenture has been extended to November 20, 2020 and the interest rate raised to 18%. The Company may redeem the debenture at redemption prices ranging from 112% to 137% during the first 180 days after issuance. The debenture had a principal balance of $600,000 as of July 31, 2020 and April 30, 2020. Affiliates of Jack W. Hanks and Bruce Lemons, our directors, pledged their shares of Series A preferred stock (constituting 100% of the outstanding shares of Series A preferred stock) to GS to secure the repayment of the debenture by the Company.

 

Effective March 31, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $200,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to November 30, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $200,000 as of July 31, 2020 and April 30, 2020.

 

Effective February 4, 2020, the Company issued and delivered to GS an 18% convertible note in the principal amount of $90,000. The note was issued to GS in consideration for GS extending the maturity date of other convertible notes payable to GS to February 4, 2020. The extension fee is payable in cash at the earlier of (1) in connection with, and at the time of repayment of the Notes, or (2) on November 20, 2020. GS, at its option, may convert the unpaid principal balance and accrued interest into shares of common stock at the same terms as the September GS convertible notes payable. The note had a principal balance of $90,000 as of July 31, 2020 and April 30, 2020.

 

Effective February 20, 2019, the Company issued and delivered to GS a 10% convertible note in the principal amount of $110,000. The note was issued at a discount and the Company received net proceeds of $100,000 after an original issue discount of $4,500 and payment of $5,500 of the fees and expenses of the lender and its counsel. During the first 180 days, GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.08 per share and thereafter at 40% discount from the lowest trading price during the 20 days prior to conversion. The maturity date of the note has been extended to November 20, 2020 and the interest rate increased to 18%. The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance. The note had a principal balance of $110,000 as of July 31, 2020 and April 30, 2020.

 

Effective June 4, 2019, the Company issued and delivered to Geneva a 9% convertible note in the principal amount of $56,500. The note was issued at a discount and the Company received $50,000 after an original issue discount of $3,500 and payment of $3,000 of fees and expenses of the lender and its counsel. Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 29% discount from the lowest trading price during the 20 days prior to conversion. The note matures on September 4, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The Company may not redeem the note after the first 180 days after issuance. The note had a principal balance of $56,500 as of July 31, 2020 and April 30, 2020.

 

Effective December 27, 2020, the Company issued and delivered to a consultant a 5% convertible note in the principal amount of $10,000 in payment of accrued fees of $10,000. Subject to available common shares to issue, the note is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company. On December 27, 2019, the consultant simultaneously submitted a notice to convert the note into 9,090,909,091 shares of the Company’s common stock. The conversion was not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock. The note had a principal balance of $10,000 as of July 31, 2020 and April 30, 2020.

 

Effective September 13, 2018, the Company issued and delivered to Vista Capital Investments, LLC (“Vista”) a convertible note in the original maximum principal amount of $550,000 (consisting of an initial advance of $100,000 on such date and possible future advances). An original issue discount equal to 10% of each advance will be added to principal. The maturity date of advances under the convertible note is two years from the date of each advance. Terms of the convertible note include certain penalties for additional principal and changes in conversion prices when the trading price of the Company’s common stock decreases to defined levels.

 

An original issue discount of $10,000 and a one-time 12% interest charge of $13,200 was added to the $100,000 advance at inception, resulting in total initial principal of $123,200. As of July 31, 2020 and April 30, 2020, the note had a principal balance of $1,380.

 

On October 16, 2018, the Company received proceeds of $200,000 from a second advance under the Vista long-term convertible note. An original issue discount of $20,000 and a one-time 12% interest charge of $26,400 was added to the note principal, resulting in total principal of $246,400. Effective May 14, 2019, Vista assigned $123,200 of this note, resulting in a principal balance of $123,200 as of July 31, 2020 and April 30, 2020.

 

On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company’s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company’s equity securities.

 

The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

Accrued interest payable on convertible notes payable totaled $437,867 and $351,307 at July 31, 2020 and April 30, 2020, respectively.

 

The Company has identified the conversion feature of its convertible notes payable as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

There were no conversions of convertible notes payable during the three months ended July 31, 2020.

XML 15 R15.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE - RELATED PARTIES
3 Months Ended
Jul. 31, 2020
NOTES PAYABLE - RELATED PARTIES  
NOTE - 9 NOTES PAYABLE - RELATED PARTY

Convertible notes payable – related party consisted of the following: at July 31, 2020 and 2019:

 

 

 

 

 

Balance

 

Related Party

 

Maturity Date

 

Consideration

 

July 31, 2020

 

 

April 30, 2020

 

Maple Resources Corporation

 

December 27, 2020

 

Cash of $5,500 and Financing Fees of $5,500

 

$ 11,000

 

 

$ 11,000

 

BNL Family Trust

 

December 27, 2020

 

Cash

 

 

11,000

 

 

 

11,000

 

Shareholder and consultant

 

December 27, 2020

 

Accrued Consulting Fees

 

 

10,000

 

 

 

10,000

 

Shareholder and consultant

 

January 22, 2021

 

Cash

 

 

6,500

 

 

 

6,500

 

Maple Resources Corporation

 

February 12, 2021

 

Cash

 

 

5,000

 

 

 

5,000

 

Maple Resources Corporation

 

March 2, 2021

 

Cash

 

 

800

 

 

 

-

 

Maple Resources Corporation

 

May 12, 2021

 

Accrued Consulting Fees

 

 

41,466

 

 

 

-

 

Shareholder and consultant

 

May 14, 2021

 

Accrued Consulting Fees

 

 

34,000

 

 

 

-

 

Maple Resources Corporation

 

July 31, 2021

 

Cash

 

 

10,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

129,766

 

 

 

43,500

 

Less discount

 

 

 

 

 

 

(6,675 )

 

 

(2,232 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

$ 123,091

 

 

$ 41,268

 

  

The convertible notes payable – related party accrue interest at an annual rate of 5%. Accrued interest payable totaled $2,066 and $690at July 31, 2020 and April 30, 2020, respectively.

 

Subject to available common shares available to issue, the convertible notes payable – related party are convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company.

 

The Company has identified the conversion feature of its convertible notes payable – related party as a derivative and estimated the fair value of the derivative using a multinomial lattice model simulation and assuming the existence of a tainted equity environment (see Note 11).

 

On the effective date of each respective convertible note payable detailed above, the related party lenders simultaneously submitted notices to convert the total note principal of loans into shares of the Company’s common stock. The conversions were not completed, and the shares have not been issued pending an increase in the number of authorized shares of common stock.

XML 16 R16.htm IDEA: XBRL DOCUMENT v3.20.2
OTHER NOTES PAYABLE
3 Months Ended
Jul. 31, 2020
RELATED PARTY TRANSACTIONS  
NOTE 10 - OTHER NOTES PAYABLE

With an effective date of April 20, 2020, a loan to the Company was approved under the terms and conditions of the Paycheck Protection Program of the United States Small Business Administration (“SBA”) and the CARES Act (2020) (H.R. 748) (15 U.S.C. 636 et seq.) ( the “Act” ) in the amount of $167,900 and was funded on April 21, 2020. The loan may be forgiven pursuant to the provisions of the Act. PPP loan payable had a balance of $167,900 at July 31, 2020 and April 30, 2020.

  

On July 14, 2020, the Company received $10,000 pursuant to the SBA’s Express Bridge Loan Pilot Program. This program allows small businesses who have a business relationship with an SBA Express Lender to access up to $25,000 quickly. The funds were advanced to the Company since it has applied for an Economic Injury Disaster Loan (“EIDL”). The loan had a balance of $10,000 at July 31, 2020 and is to be repaid in full by proceeds from the EIDL.

XML 17 R17.htm IDEA: XBRL DOCUMENT v3.20.2
DERIVATIVE LIABILITIES
3 Months Ended
Jul. 31, 2020
DERIVATIVE LIABILITIES  
NOTE 11 - DERIVATIVE LIABILITIES

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

  

During the three months ended July 31, 2020, we had the following activity in our derivative liabilities:

 

 

 

Options and

 

 

Convertible

 

 

 

 

 

Warrants

 

 

Notes

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2020

 

$ 15

 

 

$ 2,607,418

 

 

$ 2,607,433

 

New issuances of options, warrants and debt

 

 

-

 

 

 

6,602

 

 

 

6,602

 

Change in fair value of derivative liabilities

 

 

(13 )

 

 

(1,187,339 )

 

 

(1,187,352 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2020

 

$ 2

 

 

$ 1,426,681

 

 

$ 1,426,683

 

    

Key inputs and assumptions used in valuing the Company’s derivative liabilities as of July 31, 2020 are as follows:

 

 

·

Stock prices on all measurement dates were based on the fair market value

 

·

Risk-free interest rate of 0.07% - 0.11%

 

·

The probability of future financing was estimated at 100%

 

·

Computed volatility ranging from 1,546.4 to 1,524.8%

   

These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

XML 18 R18.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS' DEFICIT
3 Months Ended
Jul. 31, 2020
STOCKHOLDERS' DEFICIT  
NOTE 12 - STOCKHOLDERS' DEFICIT

Authorized Shares

 

As of July 31, 2020, the Company had authorized 25,010,000,000 shares consisting of 25,000,000,000 shares of common stock and 10,000,000 shares of preferred stock.

 

Effective July 30, 2019, the Company filed a Certificate of Designation designating Series A preferred stock consisting of 1,000 shares and having the rights and preferences set forth in the Certificate of Designation of the Series A preferred stock, as detailed below. Shareholders owning in excess of 50.1% of the outstanding shares of voting common stock of the Company executed a written consent approving an amendment to Article IV of the Amended and Restated Articles of Incorporation of the Company for this proposal.

 

Common Stock Issuances

 

During the three months ended July 31, 2020, the Company did not issue any shares of its common stock.

 

During the three months ended July 31, 2019, the Company issued a total of 322,125,328 shares of its common stock: 30,000 shares for services valued at $84; 1,116,961 shares valued at $11,508 in payment of accrued expenses of $13,500 resulting in a gain on extinguishment of debt of $1,992 and 320,978,367 shares valued at $368,932 in conversion of convertible notes principal of $361,614, accrued interest payable of $5,568 and payment of fees of $1,750. Settlement of derivative liabilities in the debt conversions totaled $425,325.

 

Series A Preferred Stock

 

The Series A preferred stock has no redemption, conversion or dividend rights; however, the holders of the Series A preferred stock, voting separately as a class, has the right to vote on all shareholder matters equal to 51% of the total vote.

 

Effective August 1, 2019, the Company issued 1,000 shares of Series A preferred stock to Maple Resources, a related party, for services rendered. The shares were valued at $23,900 by an independent valuation firm.

 

Warrants

 

The Company has issued warrants in prior years to investors in a series of subscription agreements in equity financings or for other stock-based compensation. Certain of the warrants contain anti-dilution provisions that the Company has identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes and considering the existence of a tainted equity environment (see Note 11).

 

A summary of warrant activity during the three months ended July 31, 2020 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

446,037,755

 

 

$ 1.00

 

 

 

1.91

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

446,037,755

 

 

$ 1.00

 

 

 

1.66

 

 Stock Options

 

As a condition for entering into the October 9, 2018 GS convertible debenture (see Note 8), GS required affiliates of Jack W. Hanks and Bruce Lemons, our directors (the “Affiliates”), to pledge their shares of Class B Common Stock (constituting 100% of the outstanding shares of Class B Common Stock) to GS to secure the repayment of the debenture by the Company. As consideration to the Affiliates for entering into the GS pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 common shares of the Company at $0.08 per share.

 

A summary of the stock option activity during the three months ended July 31, 2020 is presented below:

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

2,000,000

 

 

$ 0.08

 

 

 

8.62

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

2,000,000

 

 

$ 0.08

 

 

 

8.37

 

 

Common Stock Reserved

 

Combined with the 13,352,828,472 common shares outstanding at July 31, 2020, all authorized common shares have been issued or reserved for issuance of outstanding warrants, stock options, and convertible notes payable and no common shares are available for share issuances other than those shares included in the reserves.

XML 19 R19.htm IDEA: XBRL DOCUMENT v3.20.2
COMMITMENTS AND CONTINGENCIES
3 Months Ended
Jul. 31, 2020
COMMITMENTS AND CONTINGENCIES  
NOTE 13 - COMMITMENTS AND CONTINGENCIES

Legal

 

On March 31, 2020, the Company entered into an amendment to the convertible debt notes with GS Capital Partners, LLC (“GS Capital”) to extend the maturity dates to November 20, 2020. As consideration for the extension, the parties agreed to a Joint Motion for Agreed Judgement to include the $1,094,750 principal amount of the notes and accrued interest and penalties of $487,166, which amount is included in accrued expenses as of July 31, 2020. In the event the notes are not paid in full, the Joint Motion may be filed by GS Capital and judgment entered against the Company. The holders of the Company’s Series A Preferred Stock have pledged their shares to GS Capital to secure the outstanding indebtedness of the Company to GS. If the indebtedness is not paid on or before its scheduled maturity date of November 20, 2020, GS Capital would be entitled to foreclose on such shares and would have 51% of the voting power of the Company’s equity securities.

 

On July 14, 2020, a consultant for rail services to the Company filed a complaint against the Company and its CEO Jack W Hanks, an individual, for payment of $100,000 of consulting fees. The Court Action is filed as CRU Trading Co, Plaintiff, v. MMEX Resources Corp and Jack W. Hanks in the District Court of Harris, County Texas Cause No. 2020-41853/Court;165. The Company, based on consultation with legal counsel, believes the complaint is without merit. The Company and Mr. Hanks are represented by counsel and have filed a verified denial.

XML 20 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Cover - shares
3 Months Ended
Jul. 31, 2020
Sep. 21, 2020
Cover [Abstract]    
Entity Registrant Name MMEX Resources Corp  
Entity Central Index Key 0001440799  
Document Type 10-Q  
Amendment Flag false  
Current Fiscal Year End Date --04-30  
Entity Small Business true  
Entity Shell Company false  
Entity Emerging Growth Company false  
Entity Current Reporting Status Yes  
Document Period End Date Jul. 31, 2020  
Entity Filer Category Non-accelerated Filer  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2021  
Entity Common Stock Shares Outstanding   14,111,114,185
Document Quarterly Report true  
Document Transition Report false  
Entity Interactive Data Current Yes  
XML 21 R20.htm IDEA: XBRL DOCUMENT v3.20.2
SUBSEQUENT EVENTS
3 Months Ended
Jul. 31, 2020
SUBSEQUENT EVENTS  
NOTE 14 - SUBSEQUENT EVENTS

In accordance with ASC 855-10, all subsequent events have been reported through the filing date as set forth below.

 

Subsequent to July 31, 2020, the Company issued a total of 758,285,713 common shares to two lenders in the conversion of debt principal of $48,500 and accrued interest payable of $3,180.

XML 22 R21.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended
Jul. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries and entities under common ownership. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders’ deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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. Actual results could differ from those estimates.

Property and equipment

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows:

 

Office furniture and equipment

10 years

Computer equipment and software

5 years

Refinery land improvements

15 years

Refinery land easements

10 years

  The refinery land easements owned by the Company have a legal life of 10 years.

 

Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.

 

The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.

Derivative liabilities

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

Fair value of financial instruments

Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

 

An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

 

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.

 

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

 

July 31, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

1,426,683

 

 

$

-

 

 

$

-

 

 

$

1,426,683

 

 

April 30, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

2,607,433

 

 

$

-

 

 

$

-

 

 

$

2,607,433

 

Revenue Recognition

The Company has adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. To date, the Company has no operating revenues; therefore, there was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

Refinery start-up costs

Costs incurred prior to opening the Company’s proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting, are recorded as start-up costs and expensed as incurred.

Basic and diluted income (loss) per share

Basic net income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock.

 

Basic weighted average number common shares outstanding are reconciled to diluted weighted average number of common shares outstanding as follows:

 

 

 

Three Months Ended
July 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Basic weighted average number of shares

 

 

13,352,828,472

 

 

 

111,310,436

 

Dilutive effect of options, warrants and convertible notes payable

 

 

11,647,171,528

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Diluted weighted average number of shares

 

 

25,000,000,000

 

 

 

111,310,436

 

Employee Stock-based compensation

Pursuant to FASB ASC 718, all share-based payments to employees, including grants of employee stock options, are recognized in the statement of operations based on their fair values. For the three months ended July 31, 2020 and 2019, the Company had no-based compensation to employees.

Issuance of shares for non-cash consideration

The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

Reclassifications

Certain amounts in the consolidated financial statements for the prior-year period have been reclassified to conform with the current-year period presentation.

Recently issued accounting pronouncements

There were no new accounting pronouncements issued by the FASB during the three months ended July 31, 2020 and through the date of filing of this report that the Company believes will have a material impact on its consolidated financial statements.

XML 23 R22.htm IDEA: XBRL DOCUMENT v3.20.2
BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Tables)
3 Months Ended
Jul. 31, 2020
BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION  
Schedule of Entity operational details

Name of Entity

 

%

 

 

Form
of Entity

 

State of
Incorporation

 

Relationship

 

 

 

 

 

 

 

 

 

 

 

 

MMEX Resources Corporation (“MMEX”)

 

 

-

 

 

Corporation

 

Nevada

 

Parent

 

Pecos Refining & Transport, LLC (“Pecos Refining”)

 

 

100 %

 

Corporation

 

Texas

 

Subsidiary

 

Armadillo Holdings Group Corp. (“AHGC”)

 

 

100 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 

Armadillo Mining Corp. (“AMC”)

 

 

98.6 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 
XML 24 R23.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Jul. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Estimated useful life of the related asset

Office furniture and equipment

10 years

Computer equipment and software

5 years

Refinery land improvements

15 years

Refinery land easements

10 years

Summary of derivative liabilities

July 31, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

1,426,683

 

 

$

-

 

 

$

-

 

 

$

1,426,683

 

 

April 30, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$

2,607,433

 

 

$

-

 

 

$

-

 

 

$

2,607,433

 

schedule Basic weighted average number common shares outstanding

 

 

 

Three Months Ended July 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Basic weighted average number of shares

 

 

13,352,828,472

 

 

 

111,310,436

 

Dilutive effect of options, warrants and convertible notes payable

 

 

11,647,171,528

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Diluted weighted average number of shares

 

 

25,000,000,000

 

 

 

111,310,436

 

XML 25 R24.htm IDEA: XBRL DOCUMENT v3.20.2
PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Jul. 31, 2020
PROPERTY AND EQUIPMENT  
Property and Equipment

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Office furniture and equipment

 

$ 13,864

 

 

$ 13,864

 

Computer equipment and software

 

 

10,962

 

 

 

10,962

 

Refinery land

 

 

67,088

 

 

 

67,088

 

Refinery land improvements

 

 

452,005

 

 

 

452,005

 

Refinery land easements

 

 

37,015

 

 

 

37,015

 

 

 

 

580,934

 

 

 

580,934

 

Less accumulated depreciation and amortization

 

 

(82,608 )

 

 

(73,890 )

 

 

 

 

 

 

 

 

 

 

 

$ 498,326

 

 

$ 507,044

 

XML 26 R25.htm IDEA: XBRL DOCUMENT v3.20.2
ACCRUED EXPENSES (Tables)
3 Months Ended
Jul. 31, 2020
ACCRUED EXPENSES  
Schedule of Accrued expenses

 

 

July 31,

2020

 

 

April 30,

2020

 

 

 

 

 

 

 

 

Accrued payroll

 

$

30,090

 

 

$

30,090

 

Accrued consulting

 

 

18,000

 

 

 

24,000

 

Accrued interest and penalties

 

 

840,102

 

 

 

402,126

 

Other

 

 

62,541

 

 

 

63,231

 

 

 

 

 

 

 

 

 

 

 

 

$

950,733

 

 

$

519,447

 

XML 27 R26.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE (Tables)
3 Months Ended
Jul. 31, 2020
NOTES PAYABLE  
Schedule of Notes payable, currently in default

 

 

July 31,
2020

 

 

April 30,
2020

 

 

 

 

 

 

 

 

Note payable to an unrelated party, matured March 18, 2014, with interest at 10%

 

$ 75,001

 

 

$ 75,001

 

 

 

 

 

 

 

 

 

 

 

 

$ 75,001

 

 

$ 75,001

 

Schedule of Convertible Notes Payable, Currently in Default

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an unrelated party, matured January 27, 2012, with interest at 25%, convertible into common shares of the Company at $370 per share

 

$ 25,000

 

 

$ 25,000

 

Note payable to an unrelated party, matured December 31, 2010, with interest at 10%, convertible into common shares of the Company at $100 per share

 

 

50,000

 

 

 

50,000

 

Note payable to an accredited investor, matured January 11, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price

 

 

59,400

 

 

 

59,400

 

Note payable to an accredited investor, matured January 17, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

53,028

 

 

 

53,028

 

Note payable to an accredited investor, matured January 24, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

42,365

 

 

 

42,365

 

Note payable to an accredited investor, matured January 31, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

91,331

 

 

 

91,331

 

Note payable to an accredited investor, matured February 27, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

2,009

 

 

 

2,009

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

35,900

 

 

 

-

 

Note payable to an accredited investor, matured June 25, 2020, with interest at 22%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

 -

 

Note payable to an accredited investor, matured May 7, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

 -

 

Note payable to an accredited investor, matured June 19, 2020, with interest at 24%, convertible into common shares of the Company at a defined variable exercise price

 

 

275,000

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

800,533

 

 

 

323,133

 

Less discount

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total

 

$ 800,533

 

 

$ 323,133

 

Schedule of Current Convertible Notes Payable

 

 

July 31,

2020

 

 

April 30,

2020

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

$ 24,700

 

 

$ 24,700

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

70,000

 

 

 

70,000

 

Original issue discount convertible debenture to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

600,000

 

 

 

600,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

200,000

 

 

 

200,000

 

Note payable to an accredited investor issued for extension fees, maturing November 20, 2020 with interest at 18%, convertible into common shares of the Company at a defined variable exercise price.

 

 

90,000

 

 

 

90,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 12%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

35,900

 

Note payable to an accredited investor, maturing November 20, 2020, with interest at 18%, convertible into common shares of the Company at a defined variable exercise price

 

 

110,000

 

 

 

110,000

 

Note payable to an accredited investor, maturing May 7, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

100,000

 

Note payable to an accredited investor, maturing June 19, 2020, with interest at 10%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

250,000

 

Note payable to an accredited investor, maturing June 25, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price (in default as of July 31, 2020)

 

 

-

 

 

 

56,500

 

Note payable to an accredited investor, maturing September 4, 2020, with interest at 9%, convertible into common shares of the Company at a defined variable exercise price

 

 

56,500

 

 

 

56,500

 

Note payable to an individual, maturing December 27, 2020, with interest at 5%, convertible into common shares of the Company at a defined variable exercise price

 

 

10,000

 

 

 

10,000

 

Note payable to an accredited investor, maturing two years from each advance, with an original issue discount equal to 10% and a one-time interest charge of 12% added to principal, convertible into common shares of the Company at a defined variable exercise price – See discussion under Long-Term Convertible Notes Payable below:

 

 

 

 

 

 

Advance dated September 13, 2018, maturing September 13, 2020

 

 

1,380

 

 

 

1,380

 

Advance dated October 16, 2018, maturing October 16, 2020

 

 

123,200

 

 

 

123,200

 

Total

 

 

1,285,780

 

 

 

1,728,180

 

Less discount

 

 

(62,673 )

 

 

(140,941 )

 

 

 

 

 

 

 

 

 

Net

 

$ 1,223,107

 

 

$ 1,587,239

 

XML 28 R27.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE - RELATED PARTY (Tables)
3 Months Ended
Jul. 31, 2020
NOTES PAYABLE - RELATED PARTIES  
Schedule of notes payable related party

 

 

 

 

 

Balance

 

Related Party

 

Maturity Date

 

Consideration

 

July 31, 2020

 

 

April 30, 2020

 

Maple Resources Corporation

 

December 27, 2020

 

Cash of $5,500 and Financing Fees of $5,500

 

$ 11,000

 

 

$ 11,000

 

BNL Family Trust

 

December 27, 2020

 

Cash

 

 

11,000

 

 

 

11,000

 

Shareholder and consultant

 

December 27, 2020

 

Accrued Consulting Fees

 

 

10,000

 

 

 

10,000

 

Shareholder and consultant

 

January 22, 2021

 

Cash

 

 

6,500

 

 

 

6,500

 

Maple Resources Corporation

 

February 12, 2021

 

Cash

 

 

5,000

 

 

 

5,000

 

Maple Resources Corporation

 

March 2, 2021

 

Cash

 

 

800

 

 

 

-

 

Maple Resources Corporation

 

May 12, 2021

 

Accrued Consulting Fees

 

 

41,466

 

 

 

-

 

Shareholder and consultant

 

May 14, 2021

 

Accrued Consulting Fees

 

 

34,000

 

 

 

-

 

Maple Resources Corporation

 

July 31, 2021

 

Cash

 

 

10,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

129,766

 

 

 

43,500

 

Less discount

 

 

 

 

 

 

(6,675 )

 

 

(2,232 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

$ 123,091

 

 

$ 41,268

 

XML 29 R28.htm IDEA: XBRL DOCUMENT v3.20.2
DERIVATIVE LIABILITIES (Tables)
3 Months Ended
Jul. 31, 2020
DERIVATIVE LIABILITIES  
Derivative liabilities

 

 

Options and

 

 

Convertible

 

 

 

 

 

Warrants

 

 

Notes

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2020

 

$ 15

 

 

$ 2,607,418

 

 

$ 2,607,433

 

New issuances of options, warrants and debt

 

 

-

 

 

 

6,602

 

 

 

6,602

 

Change in fair value of derivative liabilities

 

 

(13 )

 

 

(1,187,339 )

 

 

(1,187,352 )

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, July 31, 2020

 

$ 2

 

 

$ 1,426,681

 

 

$ 1,426,683

 

XML 30 R29.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS DEFICIT (Tables)
3 Months Ended
Jul. 31, 2020
STOCKHOLDERS' DEFICIT  
Summary of warrant activity

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

446,037,755

 

 

$

1.00

 

 

 

1.91

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

446,037,755

 

 

$

1.00

 

 

 

1.66

 

 

 

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining Contractual

Life (Years)

 

 

 

 

 

 

 

Outstanding, April 30, 2020

 

 

2,000,000

 

 

$

0.08

 

 

 

8.62

 

Granted

 

 

-

 

 

 

 

 

 

 

 

 

Canceled / Expired

 

 

-

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, July 31, 2020

 

 

2,000,000

 

 

$

0.08

 

 

 

8.37

 

XML 31 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Current assets:    
Cash $ 14,352 $ 66,830
Prepaid expenses and other current assets 15,922 23,145
Total current assets 30,274 89,975
Property and equipment, net 498,326 507,044
Deposit 900 900
Total assets 529,500 597,919
Current liabilities:    
Accounts payable 804,160 764,945
Accrued expenses 950,733 519,447
Accounts payable and accrued expenses - related parties 269,733 236,514
Note payable, currently in default 75,001 75,001
Convertible notes payable, currently in default, net of discount of $0 and $0 at July 31, 2020 and April 30, 2020, respectively 800,533 323,133
Convertible notes payable, net of discount of $62,673 and $140,941 at July 31, 2020 and April 30, 2020, respectively 1,223,107 1,587,239
Convertible notes payable - related parties, net of discount of $6,675 and $2,232 at July 31, 2020 and April 30, 2020, respectively 123,091 41,268
PPP loan payable 167,900 167,900
SBA express bridge loan payable 10,000 0
Derivative liabilities 1,426,683 2,607,433
Total current liabilities 5,850,941 6,322,880
Total liabilities 5,850,941 6,322,880
Commitments and contingencies 0 0
Stockholders' deficit:    
Common stock; $0.001 par value; 25,000,000,000 shares authorized, 13,352,828,472 shares issued and outstanding at July 31, 2020 and April 30, 2020 13,352,830 13,352,830
Preferred stock; $0.001 par value; 10,000,000 shares authorized, 1,000 Series A shares issued and outstanding 1 1
Additional paid-in capital 24,370,144 24,370,144
Non-controlling interest 9,871 9,871
Accumulated (deficit) (43,054,287) (43,457,807)
Total stockholders' deficit (5,321,441) (5,724,961)
Total liabilities and stockholders' deficit $ 529,500 $ 597,919
XML 32 R30.htm IDEA: XBRL DOCUMENT v3.20.2
BACKGROUND ORGANIZATION AND BASIS OF PRESENTATION (Details)
3 Months Ended
Jul. 31, 2020
MMEX Resources Corporation [Member]  
State of Incorporation Nevada
Form of Entity Corporation
Relationship Parent
Pecos Refining & Transport, LLC [Member]  
State of Incorporation Texas
Form of Entity Corporation
Relationship Subsidiary
Ownership Percentage 100.00%
Armadillo Holdings Group Corp. [Member]  
State of Incorporation British Virgin Isles
Form of Entity Corporation
Relationship Subsidiary
Ownership Percentage 100.00%
Armadillo Mining Corp [Member]  
State of Incorporation British Virgin Isles
Form of Entity Corporation
Relationship Subsidiary
Ownership Percentage 98.60%
XML 33 R31.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
3 Months Ended
Jul. 31, 2020
Office furniture and equipment [Member]  
Property plant and equipment estimated useful life 10 years
Computer equipment and software [Member]  
Property plant and equipment estimated useful life 5 years
Refinery land improvements [Member]  
Property plant and equipment estimated useful life 15 years
Refinery land easements [Member]  
Property plant and equipment estimated useful life 10 years
XML 34 R32.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Derivative liabilities $ 1,426,683 $ 2,607,433
Level 1 [Member]    
Derivative liabilities 0 0
Level 2 [Member]    
Derivative liabilities 0 0
Level 3 [Member]    
Derivative liabilities $ 1,426,683 $ 2,607,433
XML 35 R33.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - shares
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Basic weighted average number of shares 13,352,828,472 111,310,436
Dilutive effect of warrants and convertible notes payable 11,647,171,528  
Diluted weighted average number of shares 25,000,000,000 111,310,436
XML 36 R34.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)
3 Months Ended
Jul. 31, 2020
Refinery land easements [Member]  
Property plant and equipment estimated useful life 10 years
XML 37 R35.htm IDEA: XBRL DOCUMENT v3.20.2
GOING CONCERN (Details Narrative) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Jul. 31, 2019
Apr. 30, 2019
GOING CONCERN        
Accumulated deficit $ (43,054,287) $ (43,457,807)    
Stockholders' deficit $ (5,321,441) $ (5,724,961) $ (3,294,773) $ (3,363,675)
XML 38 R36.htm IDEA: XBRL DOCUMENT v3.20.2
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 09, 2018
Jul. 31, 2020
Jul. 31, 2019
Apr. 30, 2020
Pledge agreement, description   As consideration to the Affiliates for entering into the pledge agreement, the Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 shares of the Company’s common stock at $0.08 per share    
Consulting fees   $ 22,500    
Substitute shares 1,000      
Accrued interest payable   2,066   $ 690
Accounts payable and accrued expenses - related party   269,733   236,514
Principal amont   129,766   43,500
Related Party [Member] | Common Stocks [Member] | October 1, 2018 [Member]        
Consulting fees   22,500   15,000
Accounts payable and accrued expenses - related party   46,154   33,179
Shares issued value related party each month   2,500    
Advance to company   23,654   18,179
Maple Resources Corporation [Member] | Common Stocks [Member]        
Shares issued value related party each month   5,000    
Maple Resources Corporation [Member] | Former Officer [Member]        
Consulting fees and expense   31,633   31,633
Accounts payable and accrued expenses - related   89,380   101,012
Maple Resources Corporation [Member] | President and CEO [Member]        
Consulting fees and expense   53,691 $ 79,991  
Consulting fees (Monthly)   17,897    
Maple Resources Corporation [Member] | Consultants [Member]        
Consulting fees and expense   $ 146,654   $ 103,179
XML 39 R37.htm IDEA: XBRL DOCUMENT v3.20.2
PROPERTY AND EQUIPMENT (Details) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Property and equipment, gross $ 580,934 $ 580,934
Less accumulated depreciation and amortization (82,608) (73,890)
Property and equipment, net 498,326 507,044
Refinery Land [Member]    
Property and equipment, gross 67,088 67,088
Office furniture and equipment [Member]    
Property and equipment, gross 13,864 13,864
Computer equipment and software [Member]    
Property and equipment, gross 10,962 10,962
Refinery land improvements [Member]    
Property and equipment, gross 452,005 452,005
Refinery land easements [Member]    
Property and equipment, gross $ 37,015 $ 37,015
XML 40 R38.htm IDEA: XBRL DOCUMENT v3.20.2
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Jul. 28, 2017
Jul. 31, 2020
Jul. 31, 2019
Apr. 30, 2020
Maple Resources Corporation [Member]        
Acquisition of land (acres) 126      
Payment to acquire land       $ 478,480
Property and Equipment [Member]        
Acquisition of land (acres) 126      
Payment to acquire land $ 67,088      
Depreciation and amortization expense   $ 8,718 $ 8,587  
XML 41 R39.htm IDEA: XBRL DOCUMENT v3.20.2
REFINERY PROJECT (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Jul. 28, 2017
Jul. 31, 2020
Distillation Unit Description   we intend to build and commence operation of one 10,000 bpd crude oil Distillation Unit
Maple Resources Corporation [Member]    
Acquisition of land (acres) 126  
Payment to acquire land $ 67,088  
Land purchase price per acre $ 550  
Louisiana Gulf Project [Member]    
Distillation Unit Description   we also are in negotiations to acquire an existing refinery in the Louisiana Gulf Coast-Mississippi River area with a capacity of 46,000 bpd
XML 42 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Convertible notes, net of discount currently in default $ 0 $ 0
Convertible notes payable, net of discount 62,673 140,941
Convertible notes payable - related party, net of discount $ 6,675 $ 2,232
Common stock, par value $ 0.001 $ 0.001
Common stock, Authorized 25,000,000,000 25,000,000,000
Common stock, Issued 13,352,828,472 13,352,828,472
Common stock, outstanding 13,352,828,472 13,352,828,472
Series A [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, Authorized 10,000,000 10,000,000
Preferred stock, Issued 1,000 1,000
Preferred stock, outstanding 1,000 1,000
XML 43 R40.htm IDEA: XBRL DOCUMENT v3.20.2
ACCRUED EXPENSES (Details) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Total Accrued Expenses $ 950,733 $ 519,447
Accrued Payroll [Member]    
Total Accrued Expenses 30,090 30,090
Accrued Consulting [Member]    
Total Accrued Expenses 18,000 24,000
Accrued Interest [Member]    
Total Accrued Expenses 840,102 402,126
Other [Member]    
Total Accrued Expenses $ 62,541 $ 63,231
XML 44 R41.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE (Details) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Notes payable, currently in default $ 75,001 $ 75,001
Note Payable [Member]    
Notes payable, currently in default $ 75,001 $ 75,001
XML 45 R42.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE (Details 1) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Convertible notes payable, currently in default, gross $ 800,533 $ 323,133
Less discount 0 0
Convertible notes payable, currently in default, net of discount 800,533 323,133
Note Payable [Member]    
Convertible notes payable 25,000 25,000
Notes Payable One [Member]    
Convertible notes payable 50,000 50,000
Notes Payable Two [Member]    
Convertible notes payable 59,400 59,400
Notes Payable Three [Member]    
Convertible notes payable 53,028 53,028
Notes Payable Four [Member]    
Convertible notes payable 42,365 42,365
Notes Payable Five [Member]    
Convertible notes payable 91,331 91,331
Notes Payable Six [Member]    
Convertible notes payable 2,009 2,009
Notes Payable Seven [Member]    
Convertible notes payable 35,900 0
Notes Payable Eight [Member]    
Convertible notes payable 56,500 0
Notes Payable Nine [Member]    
Convertible notes payable 110,000 0
Notes Payable Ten [Member]    
Convertible notes payable $ 275,000 $ 0
XML 46 R43.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE (Details 2) - USD ($)
Jul. 31, 2020
Apr. 30, 2020
Total $ 1,285,780 $ 1,728,180
Less discount (62,673) (140,941)
Net 1,223,107 1,587,239
Convertible Notes Payable [Member] | Accredited investor fourteen [Member]    
Total 123,200 123,200
Convertible Notes Payable [Member] | Accredited investor Thirteen [Member]    
Total 1,380 1,380
Convertible Notes Payable [Member] | Accredited investor twelve [Member]    
Total 10,000 10,000
Convertible Notes Payable [Member] | Accredited investor eleven [Member]    
Total 56,500 56,500
Convertible Notes Payable [Member] | Accredited investor ten [Member]    
Total 0 56,500
Convertible Notes Payable [Member] | Accredited investor nine [Member]    
Total 0 250,000
Convertible Notes Payable [Member] | Accredited investor eight [Member]    
Total 0 100,000
Convertible Notes Payable [Member] | Accredited investor seven [Member]    
Total 110,000 110,000
Convertible Notes Payable [Member] | Accredited investor six [Member]    
Total 0 35,900
Convertible Notes Payable [Member] | Accredited investor five [Member]    
Total 90,000 90,000
Convertible Notes Payable [Member] | Accredited investor four [Member]    
Total 200,000 200,000
Convertible Notes Payable [Member] | Accredited investor three [Member]    
Total 600,000 600,000
Convertible Notes Payable [Member] | Accredited investor two [Member]    
Total 70,000 70,000
Convertible Notes Payable [Member] | Accredited investor one [Member]    
Total $ 24,700 $ 24,700
XML 47 R44.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Feb. 04, 2020
Jun. 04, 2019
May 07, 2019
Feb. 07, 2019
Jan. 11, 2019
Oct. 09, 2018
Sep. 13, 2018
Mar. 31, 2020
Nov. 30, 2019
Jun. 19, 2019
Apr. 24, 2019
Mar. 25, 2019
Feb. 27, 2019
Feb. 20, 2019
Jan. 31, 2019
Jan. 17, 2019
Oct. 16, 2018
Sep. 18, 2018
Jul. 31, 2020
Jul. 31, 2019
Apr. 30, 2020
Apr. 30, 2019
Accrued interest payable, currently in default                                     $ 53,384   $ 51,509  
Principal debt balance                                 $ 246,400   56,500   56,500  
Accrued interest                                     2,066   690  
Proceeds from issuance of debt                                     0 $ 365,300    
Debt issue discount                                     0   0  
Odyssey Capital Funding LLC [Member]                                            
Principal debt balance                                     110,000   100,000  
Principal amount     $ 100,000             $ 250,000                 275,000   250,000  
Debt redemption description     The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance.             The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 120 days after issuance. The Company may not redeem the note after the first 120 days after issuance.                        
Proceeds from issuance of debt     $ 95,000             $ 80,704                        
Fees and expenses     $ 5,000             $ 25,000                        
Maturity date     May 07, 2020             Jun. 19, 2020                        
Interest rate     10.00%             10.00%                        
Debt instrument converted principal amount     $ 100,000                                      
Penalty expenses     $ 10,000                         $ 10,700            
Original issue discount description     Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the conversion date (with a floor of $0.03 per share for the six months following the date of the note). The note matured on May 7, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020.             Odyssey, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the date of conversion (with a floor of $0.03 per share for the six months following the date of the note). The note matured on June 19, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020.                        
Payment for notes payable to One44                   $ 144,296                        
Convertible Notes Payable One [Member]                                            
Accrued interest payable, currently in default                                     437,867   351,307  
Subsequent Event [Member] | December 27, 2020 [Member]                                            
Principal debt balance                                     10,000   10,000  
Principal amount                                     $ 10,000      
Terms of conversion feature                                     Subject to available common shares to issue, the note is convertible into common shares of the Company at a conversion price equal to 110% of the lowest price at which shares of our common stock have been issued by the Company during the twenty prior trading days, including the day upon which a notice of conversion is received by the Company.      
Debt conversion, converted instrument, shares issued                                     9,090,909,091      
Payment of accrued fees                                     $ 10,000      
Geneva Roth Remark Holdings, Inc. [Member] | Convertible Note [Member]                                            
Principal debt balance                                     35,900   35,900  
Principal amount   $ 56,500   $ 56,500               $ 56,500 $ 50,000                  
Terms of conversion feature   Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 29% discount from the lowest trading price during the 20 days prior to conversion.   Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion.               Geneva, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock beginning 180 days following the date of the note at a 29% discount from the lowest trading price during the 20 days prior to conversion.                    
Debt redemption description   The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance. The Company may not redeem the note after the first 180 days after issuance.   The note matured on May 7, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance.               The note matured on June 25, 2020, with the interest rate increasing to 22%, and was in default as of July 31, 2020. The Company may redeem the note at redemption prices ranging from 105% to 130% during the first 180 days after issuance.                    
Proceeds from issuance of debt   $ 50,000   $ 50,000               $ 50,000                    
Fees and expenses   $ 3,000   $ 3,000               $ 3,000                    
Maturity date   Sep. 04, 2020   May 07, 2020               Jun. 25, 2020                    
Interest rate   9.00%   12.00%               9.00% 12.00%                  
Debt instrument converted principal amount       $ 3,500                                    
Debt issue discount   $ 3,500                   $ 3,500                    
Auctus Fund, LLC [Member]                                            
Principal amount                             $ 125,000       91,331   91,331  
Terms of conversion feature                             Auctus, on or following the 180th calendar day after the issuance date of the note, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock a 40% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company              
Debt redemption description                             The Company may redeem the note at redemption prices ranging from 120% to 135% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date              
Proceeds from issuance of debt                             $ 112,250              
Fees and expenses                             $ 12,750              
Maturity date                             Jan. 31, 2020              
Interest rate                             10.00%              
EMA Financial, LLC [Member] | Convertible Note [Member]                                            
Principal amount                     $ 55,000               42,365   42,365  
Terms of conversion feature                     The note matured on January 24, 2020, with the interest rate increasing to 24%, and was in default as of July 31, 2020. During the first 180 days the Note is in effect, the Company may redeem the note at redemption prices ranging from 120% to $140%. The Company may not redeem the note after 180 days from the issuance date.                      
Proceeds from issuance of debt                     $ 50,000                      
Fees and expenses                     $ 3,750                      
Maturity date                     Jan. 24, 2020                      
Interest rate                     10.00%                      
Penalty                 $ 25,000                          
GS Capital Partners, LLC [Member] | Convertible Note [Member]                                            
Principal debt balance                                     110,000      
Principal amount $ 90,000         $ 600,000 $ 110,000 $ 200,000           $ 110,000       $ 70,000 24,700   24,700  
Terms of conversion feature           May convert the unpaid principal balance of, and accrued interest on, the debentures into shares of common stock thereafter at a 40% discount from the average of the three lowest trading price during the 25 days prior to conversion. The note into shares of common stock (i) during the first 180 days, at a price of $3.00 per share of common stock and (ii) thereafter at a 40% discount from the lowest trading price during the 20 days prior to conversion.             GS, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a price of $0.08 per share and thereafter at 40% discount from the lowest trading price during the 20 days prior to conversion.       The note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to conversion (with a floor of $3.00 per share during the first six months after issuance.)        
Debt redemption description           The Company may redeem the debenture at redemption prices ranging from 112% to 137% during the first 180 days after issuance The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance             The Company may redeem the note at redemption prices ranging from 115% to 135% during the first 180 days after issuance       The Company may redeem the note at redemption prices ranging from 130% to 145% during the first 180 days after issuance        
Proceeds from issuance of debt           $ 550,000 $ 100,000             $ 100,000       $ 56,589        
Fees and expenses             $ 5,500             $ 5,500       $ 9,101        
Maturity date Nov. 20, 2020         Nov. 20, 2020 Nov. 20, 2020 Nov. 30, 2020           Nov. 20, 2020       Nov. 20, 2020        
Fees and Expense                                   $ 9,101        
Discount on issuance of debt           $ 50,000 $ 4,500             $ 4,500                
Convertible note payable interest rate 18.00%         10.00% 10.00% 18.00%           10.00%       10.00%        
One44 Capital LLC [Member] | Convertible Note [Member] | January 11, 2019 [Member]                                            
Principal amount         $ 120,000                           59,400     $ 59,400
Terms of conversion feature         One44, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 40% discount from the lowest trading price during the 20 days prior to and including the day the notice of conversion is received by the Company, with a floor of $0.03 per share                                  
Debt redemption description         The Company may redeem the note at redemption prices ranging from 130% to 140% during the first 180 days after issuance. The Company may not redeem the note after 180 days from the issuance date                                  
Proceeds from issuance of debt         $ 114,000                                  
Fees and expenses         $ 6,000                                  
Maturity date         Jan. 11, 2020                                  
Convertible note payable interest rate         10.00%                                  
JSJ Investments, Inc [Member] | Convertible Note [Member]                                            
Principal amount                               $ 125,000     53,028   53,028  
Terms of conversion feature                               JSJ, at any time at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at $0.03 per share or, upon the occurrence of certain defined defaults, at a 42% discount to the lowest trading price during the 20 days prior to the date the notice of conversion is received by the Company            
Debt redemption description                               The Company may redeem the note at redemption prices ranging from 135% to 150% during the first 180 days after issuance            
Proceeds from issuance of debt                               $ 122,000            
Fees and expenses                               $ 3,000            
Maturity date                               Jan. 17, 2020            
Convertible note payable interest rate                               12.00%            
Penalty expenses                               $ 10,700            
Auctus [Member] | Convertible Note [Member]                                            
Debt redemption description                     the Company may redeem the note at redemption prices ranging from 120% to $140%The Company may not redeem the note after 180 days from the issuance date.                      
Vista [Member] | Long Term Convertible Note [Member] | Second Advance [Member]                                            
Principal amount                                     123,200   123,200  
Debt instrument converted principal amount             $ 123,200                              
Vista [Member] | Convertible Note [Member]                                            
Principal amount             550,000                       1,380   1,380  
Proceeds from issuance of debt                                 200,000          
Fees and expenses                                 123,200          
Debt issue discount             $ 10,000                   $ 20,000          
Original issue discount description             An original issue discount equal to 10% of each advance will be added to principal.                              
Initial advance amount             $ 100,000                              
Interest charges, amount             $ 13,200                              
Interest charge, percentage charges                                 12.00%          
Vista [Member] | Convertible Note [Member] | Second Advance [Member]                                            
Interest charge                                 $ 26,400          
GS Capital [Member]                                            
Maturity date               Extend the maturity dates to November 20, 2020                            
Debt amount               $ 1,094,750                            
Accrued interest               $ 487,166                     487,166      
Geneva One [Member] | Convertible Notes [Member]                                            
Principal debt balance                                     56,500   56,500  
GS Three [Member] | Convertible Notes [Member]                                            
Principal debt balance                                     110,000   110,000  
GS Two [Member] | Convertible Notes [Member]                                            
Principal debt balance                                     200,000   200,000  
Principal amount                                     90,000   90,000  
GS One [Member] | Convertible Notes [Member]                                            
Principal debt balance                                     70,000   70,000  
Principal amount                                     600,000   600,000  
Coventry Enterprises, LLC [Member] | Convertible Notes [Member]                                            
Principal amount                         $ 55,000           $ 2,009   $ 2,009  
Debt redemption description                         During the first 150 days the Note is in effect, the Company may redeem the note at a redemption price of 135%.                  
Proceeds from issuance of debt                         $ 52,500                  
Fees and expenses                         $ 2,500                  
Maturity date                         Feb. 27, 2020                  
Convertible note payable interest rate                         10.00%                  
XML 48 R45.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE - RELATED PARTIES (Details) - USD ($)
3 Months Ended
Jul. 31, 2020
Apr. 30, 2020
Total $ 129,766 $ 43,500
Less discount (6,675) (2,232)
Net 123,091 41,268
Maple Resources Corporation [Member]    
Amount $ 5,000 5,000
Maturity date Feb. 12, 2021  
Consideration Cash  
Maple Resources Corporation One [Member]    
Amount $ 800 0
Maturity date Mar. 02, 2021  
Consideration Cash  
Maple Resources Corporation Two [Member]    
Amount $ 41,466 0
Maturity date May 12, 2021  
Consideration Accrued Consulting Fees  
Maple Resources Corporation Three [Member]    
Amount $ 10,000 0
Maturity date Jul. 31, 2021  
Consideration Cash  
Maple Resources Corporation ("Maple") [Member]    
Amount $ 11,000 11,000
Maturity date Dec. 27, 2020  
Consideration Cash of $5,500 and Financing Fees of $5,500  
BNL Family Trust ("BNL") [Member]    
Amount $ 11,000 11,000
Maturity date Dec. 27, 2020  
Consideration Cash  
Shareholder and consultant 1 [Member]    
Amount $ 10,000 10,000
Maturity date Dec. 27, 2020  
Consideration Accrued Consulting Fees  
Shareholder and consultant 2 [Member]    
Amount $ 6,500 6,500
Maturity date Jan. 22, 2021  
Consideration Cash  
Shareholder and consultant Three [Member]    
Amount $ 34,000 $ 0
Maturity date May 14, 2021  
Consideration Accrued Consulting Fees  
XML 49 R46.htm IDEA: XBRL DOCUMENT v3.20.2
NOTES PAYABLE - RELATED PARTIES (Details Narrative) - USD ($)
12 Months Ended
Apr. 30, 2020
Jul. 31, 2020
Conversion price 110.00%  
Accrued interest payable $ 690 $ 2,066
Convertible notes payable - related party [Member]    
Accrued interest payable $ 690 $ 2,066
Convertible notes payable, related party accrue interest, percentage 5.00%  
XML 50 R47.htm IDEA: XBRL DOCUMENT v3.20.2
OTHER NOTES PAYABLE (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Jul. 14, 2020
Apr. 21, 2020
Jul. 31, 2020
Apr. 30, 2020
Express Bridge Loan Pilot Program [Member]        
Loan received $ 10,000      
Lender description This program allows small businesses who have a business relationship with an SBA Express Lender to access up to $25,000 quickly.      
Econimic Injury Disaster Loan [Member]        
Proceeds from loan     $ 10,000  
Paycheck Protection Program [Member]        
Proceeds from loan   $ 167,900 $ 167,900 $ 167,900
XML 51 R48.htm IDEA: XBRL DOCUMENT v3.20.2
DERIVATIVE LIABILITIES (Details)
3 Months Ended
Jul. 31, 2020
USD ($)
Beginning Balance $ 2,607,433
New issuances of options, warrants and debt 6,602
Change in fair value of derivative liabilities (1,187,352)
Ending Balance 1,426,683
Options and Warrants [Member]  
New issuances of options, warrants and debt 0
Options and Warrants, Beginning Balance 15
Debt conversions and warrant exercises 0
Change in fair value of derivative liabilities (13)
Options and Warrants, Ending Balance 2
Convertible Notes Payable [Member]  
Beginning Balance 2,607,418
New issuances of options, warrants and debt 6,602
Change in fair value of derivative liabilities (1,187,339)
Convertible Notes, Ending Balance $ 1,426,681
XML 52 R49.htm IDEA: XBRL DOCUMENT v3.20.2
DERIVATIVE LIABILITIES (Details Narrative)
3 Months Ended
Jul. 31, 2020
Probability of future financing 100.00%
Minimum [Member]  
Risk-free interest rates 0.07%
Volatility 1524.80%
Maximum [Member]  
Risk-free interest rates 0.11%
Volatility 1546.40%
XML 53 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Consolidated Statements of Operations (Unaudited)    
Revenues $ 0 $ 0
Operating expenses:    
General and administrative expenses 183,325 246,107
Refinery start-up costs 37,700 51,400
Depreciation and amortization 8,718 8,587
Total operating expenses 229,743 306,094
Loss from operations (229,743) (306,094)
Other income (expense):    
Interest expense (554,089) (687,972)
Gain on derivative liabilities 1,187,352 255,127
Gain on extinguishment of liabilities 0 1,992
Total other income (expense) 633,263 (430,853)
Income (loss) before income taxes 403,520 (736,947)
Provision for income taxes 0 0
Net income (loss) 403,520 (736,947)
Non-controlling interest in income of consolidated subsidiaries 0 0
Net income (loss) attributable to the Company $ 403,520 $ (736,947)
Net income (loss) per common share:    
Basic $ 0.00 $ (0.01)
Diluted $ 0.00 $ (0.01)
Weighted average number of common shares outstanding:    
Basic 13,352,828,472 111,310,436
Diluted 25,000,000,000 111,310,436
XML 54 R50.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS DEFICIT (Details) - Warrant [Member]
3 Months Ended
Jul. 31, 2020
$ / shares
shares
Shares, outstanding, beginning balance 446,037,755
Shares, Granted
Shares, Canceled/Expired
Shares, Exercised
Shares, outstanding, ending balance 446,037,755
Weghted Average Exercise Price  
Weghted Average Exercise Price, beginning balance | $ / shares $ 1.00
Weghted Average Exercise Price, Ending Balance | $ / shares $ 1.00
Weighted Average Remaining Contractual Life (Years)  
Weighted Average Remaining Contractual Life, Beginning 1 year 10 months 28 days
Weighted Average Remaining Contractual Life, Ending 1 year 7 months 28 days
XML 55 R51.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS DEFICIT (Details 1) - Options [Member]
3 Months Ended
Jul. 31, 2020
$ / shares
shares
Shares, outstanding, beginning balance | shares 2,000,000
Shares, outstanding, ending balance | shares 2,000,000
Weghted Average Exercise Price  
Weghted Average Exercise Price, beginning balance | $ / shares $ 0.08
Weghted Average Exercise Price, Granted | $ / shares $ 0.08
Weighted Average Remaining Contractual Life (Years)  
Weighted Average Remaining Contractual Life, Beginning 8 years 7 months 13 days
Weighted Average Remaining Contractual Life, Ending 8 years 4 months 13 days
XML 56 R52.htm IDEA: XBRL DOCUMENT v3.20.2
STOCKHOLDERS DEFICIT (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Jul. 30, 2019
Jul. 31, 2020
Jul. 31, 2019
Apr. 30, 2020
Common stock, voting rights, Description Shareholders owning in excess of 50.1% of the outstanding shares of voting common stock      
Common stock, Authorized   25,000,000,000   25,000,000,000
Services, Amount     $ 84  
Stock authorized   25,010,000,000    
Reserved for issuance outstanding   13,352,828,472    
Common stock, shares issued     322,125,328  
Services, shares     30,000  
Shares issued for accrued expenses, value     $ 11,508  
Shares issued for accrued expenses, shares     1,116,961  
Pledge agreement, description   The Company granted a ten-year option, effective as of December 11, 2018, to the Affiliates to purchase 2,000,000 common shares of the Company at $0.08 per share.    
Stock options exercisable   $ 0.08    
Number of options   2,000,000    
Accrued expenses   $ 950,733   $ 519,447
Preferred stock, value   $ 1   $ 1
Convertible Notes Payable [Member]        
Settlement of derivative liabilities     $ 425,325  
Payment for fees     1,750  
Stock Issuances [Member] | Accrued expenses [Member]        
Gain (loss) on extinguishment of debt     1,992  
Common stock shares issued upon conversion of debt, value     $ 368,932  
Common stock shares issued upon conversion of debt, shares     320,978,367  
Accrued interest payable     $ 5,568  
Debt conversion converted amount     361,614  
Preferred stock        
Common stock, voting rights, Description   The holders of the Series A preferred stock, voting separately as a class, has the right to vote on all shareholder matters equal to 51% of the total vote.    
Preferred stock, Authorized   10,000,000    
Preferred stock designated share 1,000      
Preferred stock | Maple Resources Corporation [Member] | August 1, 2019 [Member]        
Preferred stock shares   1,000    
Preferred stock, value   $ 23,900    
Common Stock Issuances [Member]        
Accrued expenses     $ 13,500  
XML 57 R53.htm IDEA: XBRL DOCUMENT v3.20.2
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended
Jul. 14, 2020
Mar. 31, 2020
Jul. 31, 2020
Apr. 30, 2020
Accrued interest payable     $ 2,066 $ 690
GS Capital [Member]        
Debt amount   $ 1,094,750    
Accrued interest payable   $ 487,166 $ 487,166  
Voting power rate     51.00%  
Maturity date   Extend the maturity dates to November 20, 2020    
Subsequent Event [Member] | CEO Jack W Hanks [Member]        
Consulting fees payable $ 100,000      
XML 58 R54.htm IDEA: XBRL DOCUMENT v3.20.2
SUBSEQUENT EVENTS (Details Narrative) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Conversion of debt principal amount $ 0 $ 365,300
Subsequent Event [Member] | Two Lenders [Member]    
Debt conversion, converted instrument, shares issued 758,285,713  
Accrued interest payable $ 3,180  
Conversion of debt principal amount $ 48,500  
XML 59 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Stockholders Equity (Unaudited) - USD ($)
Total
Common Stock
Class A Preferred Stock
Additional Paid-In Capital
Non-Controlling Interest
Accumulated Deficit
Balance, shares at Apr. 30, 2019   68,172,427      
Balance, amount at Apr. 30, 2019 $ (3,363,675) $ 68,174 $ 0 $ 35,622,398 $ 9,871 $ (39,064,118)
Shares issued for: Services, shares   30,000      
Shares issued for: Services, amount 84 $ 30 $ 0 54 0 0
Accrued expenses, shares   1,116,961      
Accrued expenses, amount 11,508 $ 1,117 $ 0 10,391 0 0
Conversion of convertible notes payable and accrued interest, shares   320,978,367      
Conversion of convertible notes payable and accrued interest, amount 368,932 $ 320,978 $ 0 47,954 0 0
Settlement of derivative liabilities 425,325 0 0 425,325 0 0
Net loss (736,947) $ 0 $ 0 0 0 (736,947)
Balance, shares at Jul. 31, 2019   390,297,755      
Balance, amount at Jul. 31, 2019 (3,294,773) $ 390,299 $ 0 36,106,122 9,871 (39,801,065)
Balance, shares at Apr. 30, 2020   13,352,828,472 1,000      
Balance, amount at Apr. 30, 2020 (5,724,961) $ 13,352,830 $ 1 24,370,144 9,871 (43,457,807)
Settlement of derivative liabilities 0          
Net loss 403,520 $ 0 $ 0 0 0 403,520
Balance, shares at Jul. 31, 2020   13,352,828,472 1,000      
Balance, amount at Jul. 31, 2020 $ (5,321,441) $ 13,352,830 $ 1 $ 24,370,144 $ 9,871 $ (43,054,287)
XML 60 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 403,520 $ (736,947)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization expense 8,718 8,587
Gain on derivative liabilities (1,187,352) (255,127)
Amortization of debt discount 80,428 591,069
Interest expense added to convertible note payable principal 35,000 0
Stock-based compensation 0 84
Gain on extinguishment of liabilities 0 (1,992)
Decrease in prepaid expenses and other current assets 7,223 11,115
Increase (decrease) in liabilities:    
Accounts payable 39,214 (15,848)
Accrued expenses 431,286 64,358
Accounts payable and accrued expenses - related party 109,485 19,819
Net cash used in operating activities (72,478) (314,882)
Cash flows from investing activities:    
Purchase of property and equipment 0 (2,463)
Net cash used in investing activities 0 (2,463)
Cash flows from financing activities:    
Proceeds from convertible notes payable 0 365,300
Proceeds from convertible notes payable - related party 10,000 0
Repayments of convertible notes payable 0 (100,000)
Proceeds from SBA express bridge loan payable 10,000 0
Net cash provided by financing activities 20,000 265,300
Net decrease in cash (52,478) (52,045)
Cash at the beginning of the period 66,830 55,188
Cash at the end of the period 14,352 3,143
Supplemental disclosure:    
Interest paid 0 10,402
Income taxes paid 0 0
Non-cash investing and financing activities:    
Derivative liabilities for related party debt discount 6,602 0
Convertible notes payable - related party for accrued expenses 76,266 0
Common stock issued in conversion of debt 0 368,932
Common stock issued for accrued expenses 0 13,500
Settlement of derivative liabilities 0 425,325
Derivative liabilities for debt discount 0 46,812
Related party gain on common shares issued for services $ 0 $ 2,491
XML 61 R7.htm IDEA: XBRL DOCUMENT v3.20.2
BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION
3 Months Ended
Jul. 31, 2020
BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION  
NOTE 1 - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION

MMEX Resources Corporation (the “Company” or “MMEX”) is a company engaged in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. We plan to focus on the acquisition, development and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America using the expertise of our principals to identify, finance and acquire these projects. The most significant focus of our current business plan is to build crude oil refining facilities in the Permian Basin in West Texas.

 

MMEX was formed as a Nevada corporation in 2005. The current management team led an acquisition of the Company (then named Management Energy, Inc.) through a reverse merger completed on September 23, 2010 and changed the Company’s name to MMEX Mining Corporation on February 11, 2011 and to MMEX Resources Corporation on April 6, 2016

 

The accompanying condensed consolidated financial statements include the accounts of the following entities, all of which the Company maintains control through a majority ownership or through common ownership:

 

Name of Entity

 

%

 

 

Form
of Entity

 

State of
Incorporation

 

Relationship

 

 

 

 

 

 

 

 

 

 

 

 

MMEX Resources Corporation (“MMEX”)

 

 

-

 

 

Corporation

 

Nevada

 

Parent

 

Pecos Refining & Transport, LLC (“Pecos Refining”)

 

 

100 %

 

Corporation

 

Texas

 

Subsidiary

 

Armadillo Holdings Group Corp. (“AHGC”)

 

 

100 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 

Armadillo Mining Corp. (“AMC”)

 

 

98.6 %

 

Corporation

 

British Virgin Isles

 

Subsidiary

 

   

Pecos Refining was formed in June 2017 with the Company as its sole member. Through Pecos Refining, the Company plans to build and commence operations of a crude oil distillation unit in the Permian Basin in West Texas.

 

As of April 13, 2016, the Company assigned AMC to an irrevocable trust (the “Trust”), whose beneficiaries are the existing shareholders of MMEX. The accounts of AMC are included in the consolidated financial statements due to the common ownership. AMC through the Trust controls the Hunza coal interest previously owned by MMEX.

 

All significant inter-company transactions have been eliminated in the preparation of the consolidated financial statements.

 

These financial statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the information contained therein.

   

The Company has adopted a fiscal year end of April 30.

XML 62 R8.htm IDEA: XBRL DOCUMENT v3.20.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended
Jul. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Our significant accounting policies are described in our Annual Report on Form 10-K for the year ended April 30, 2020 filed with the SEC on August 13, 2020.

 

Consolidation

 

The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries and entities under common ownership. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders’ deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the 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. Actual results could differ from those estimates.

 

Property and equipment

 

Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows:

 

Office furniture and equipment

10 years

Computer equipment and software

5 years

Refinery land improvements

15 years

Refinery land easements

10 years

 

The refinery land easements owned by the Company have a legal life of 10 years.

 

Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.

 

The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.

 

Derivative liabilities

 

The Company has issued warrants and stock options, certain of which contain anti-dilution provisions that have been identified as derivatives. In addition, the Company has identified the conversion feature of convertible notes payable as derivatives. As of July 31, 2020, the number of warrants or common shares to be issued under these agreements is indeterminate; therefore, the Company concluded that the equity environment is tainted and all additional warrants, stock options and convertible debt are included in the value of the derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the derivative liabilities based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management’s judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

 

Fair value of financial instruments

 

Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company’s financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

 

An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

 

Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

 

Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active.

 

Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

 

Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows:

 

July 31, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 1,426,683

 

 

$ -

 

 

$ -

 

 

$ 1,426,683

 

 

April 30, 2020

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$ 2,607,433

 

 

$ -

 

 

$ -

 

 

$ 2,607,433

 

 

Revenue Recognition

 

The Company has adopted ASC 606, Revenue from Contracts with Customers, as amended, using the modified retrospective method, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. To date, the Company has no operating revenues; therefore, there was no cumulative effect of adopting the new standard and no impact on our financial statements. The new standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

 

Refinery start-up costs

 

Costs incurred prior to opening the Company’s proposed crude oil refinery in Pecos County, Texas, including acquisition of refinery rights, planning, design and permitting, are recorded as start-up costs and expensed as incurred.

 

Basic and diluted income (loss) per share

 

Basic net income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible debt and convertible preferred stock, were exercised or converted into common stock.

 

Basic weighted average number common shares outstanding are reconciled to diluted weighted average number of common shares outstanding as follows:

 

 

 

Three Months Ended
July 31,

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Basic weighted average number of shares

 

 

13,352,828,472

 

 

 

111,310,436

 

Dilutive effect of options, warrants and convertible notes payable

 

 

11,647,171,528

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Diluted weighted average number of shares

 

 

25,000,000,000

 

 

 

111,310,436

 

 

Employee Stock-based compensation

 

Pursuant to FASB ASC 718, all share-based payments to employees, including grants of employee stock options, are recognized in the statement of operations based on their fair values. For the three months ended July 31, 2020 and 2019, the Company had no-based compensation to employees.

   

Issuance of shares for non-cash consideration

 

The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the FASB. The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

 

Reclassifications

 

Certain amounts in the consolidated financial statements for the prior-year period have been reclassified to conform with the current-year period presentation.

 

Recently Issued Accounting Pronouncements

 

There were no new accounting pronouncements issued by the FASB during the three months ended July 31, 2020 and through the date of filing of this report that the Company believes will have a material impact on its consolidated financial statements.

XML 63 R9.htm IDEA: XBRL DOCUMENT v3.20.2
GOING CONCERN
3 Months Ended
Jul. 31, 2020
GOING CONCERN  
NOTE 3 - GOING CONCERN

Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. We have incurred continuous losses from operations, have an accumulated deficit of $43,054,287 and a total stockholders’ deficit of $5,321,441 at July 31, 2020, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months, and we expect to have ongoing requirements for capital investment to implement our business plan, including the construction of our proposed refinery project. Finally, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which we operate.

 

Since inception, our operations have primarily been funded through private debt and equity financing, and we expect to continue to seek additional funding through private or public equity and debt financing. Most recently, we have funded our operations from the proceeds of convertible debt. However, we currently do not have sufficient authorized shares of common stock to secure additional convertible debt funding. The ongoing Covid-19 worldwide pandemic has negatively impacted capital markets adding to the difficulty of raising either debt or equity financing.

 

Our ability to continue as a going concern is dependent on our ability to generate sufficient cash from operations to meet our cash needs and/or to raise funds to finance ongoing operations and repay debt. However, there can be no assurance that we will be successful in our efforts to raise additional debt or equity capital and/or that our cash generated by our operations will be adequate to meet our needs. These factors, among others, raise substantial doubt that we will be able to continue as a going concern for a reasonable period of time.

 

The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company’s ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

EXCEL 64 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 66 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 67 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 282 334 1 false 105 0 false 4 false false R1.htm 000001 - Document - Cover Sheet http://mmex.com/role/Cover Cover Cover 1 false false R2.htm 000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://mmex.com/role/CondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://mmex.com/role/CondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 000004 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://mmex.com/role/ConsolidatedStatementsOfOperationsUnaudited Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 000005 - Statement - Consolidated Statements of Stockholders Equity (Unaudited) Sheet http://mmex.com/role/ConsolidatedStatementsOfStockholdersEquityUnaudited Consolidated Statements of Stockholders Equity (Unaudited) Statements 5 false false R6.htm 000006 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://mmex.com/role/ConsolidatedStatementsOfCashFlowsUnaudited Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 000007 - Disclosure - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION Sheet http://mmex.com/role/BackgroundOrganizationAndBasisOfPresentation BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION Notes 7 false false R8.htm 000008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://mmex.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 8 false false R9.htm 000009 - Disclosure - GOING CONCERN Sheet http://mmex.com/role/GoingConcern GOING CONCERN Notes 9 false false R10.htm 000010 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://mmex.com/role/RelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 10 false false R11.htm 000011 - Disclosure - PROPERTY AND EQUIPMENT Sheet http://mmex.com/role/PropertyAndEquipment PROPERTY AND EQUIPMENT Notes 11 false false R12.htm 000012 - Disclosure - REFINERY PROJECT Sheet http://mmex.com/role/RefineryProject REFINERY PROJECT Notes 12 false false R13.htm 000013 - Disclosure - ACCRUED EXPENSES Sheet http://mmex.com/role/AccruedExpenses ACCRUED EXPENSES Notes 13 false false R14.htm 000014 - Disclosure - NOTES PAYABLE Notes http://mmex.com/role/NotesPayable NOTES PAYABLE Notes 14 false false R15.htm 000015 - Disclosure - NOTES PAYABLE - RELATED PARTIES Notes http://mmex.com/role/NotesPayableRelatedParties NOTES PAYABLE - RELATED PARTIES Notes 15 false false R16.htm 000016 - Disclosure - OTHER NOTES PAYABLE Notes http://mmex.com/role/OtherNotesPayable OTHER NOTES PAYABLE Notes 16 false false R17.htm 000017 - Disclosure - DERIVATIVE LIABILITIES Sheet http://mmex.com/role/DerivativeLiabilities DERIVATIVE LIABILITIES Notes 17 false false R18.htm 000018 - Disclosure - STOCKHOLDERS' DEFICIT Sheet http://mmex.com/role/StockholdersDeficit STOCKHOLDERS' DEFICIT Notes 18 false false R19.htm 000019 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://mmex.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 19 false false R20.htm 000020 - Disclosure - SUBSEQUENT EVENTS Sheet http://mmex.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 20 false false R21.htm 000021 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 21 false false R22.htm 000022 - Disclosure - BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Tables) Sheet http://mmex.com/role/BackgroundOrganizationAndBasisOfPresentationTables BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Tables) Tables http://mmex.com/role/BackgroundOrganizationAndBasisOfPresentation 22 false false R23.htm 000023 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://mmex.com/role/SummaryOfSignificantAccountingPolicies 23 false false R24.htm 000024 - Disclosure - PROPERTY AND EQUIPMENT (Tables) Sheet http://mmex.com/role/PropertyAndEquipmentTables PROPERTY AND EQUIPMENT (Tables) Tables http://mmex.com/role/PropertyAndEquipment 24 false false R25.htm 000025 - Disclosure - ACCRUED EXPENSES (Tables) Sheet http://mmex.com/role/AccruedExpensesTables ACCRUED EXPENSES (Tables) Tables http://mmex.com/role/AccruedExpenses 25 false false R26.htm 000026 - Disclosure - NOTES PAYABLE (Tables) Notes http://mmex.com/role/NotesPayableTables NOTES PAYABLE (Tables) Tables http://mmex.com/role/NotesPayable 26 false false R27.htm 000027 - Disclosure - NOTES PAYABLE - RELATED PARTY (Tables) Notes http://mmex.com/role/NotesPayableRelatedPartyTables NOTES PAYABLE - RELATED PARTY (Tables) Tables http://mmex.com/role/NotesPayableRelatedParties 27 false false R28.htm 000028 - Disclosure - DERIVATIVE LIABILITIES (Tables) Sheet http://mmex.com/role/DerivativeLiabilitiesTables DERIVATIVE LIABILITIES (Tables) Tables http://mmex.com/role/DerivativeLiabilities 28 false false R29.htm 000029 - Disclosure - STOCKHOLDERS DEFICIT (Tables) Sheet http://mmex.com/role/StockholdersDeficitTables STOCKHOLDERS DEFICIT (Tables) Tables 29 false false R30.htm 000030 - Disclosure - BACKGROUND ORGANIZATION AND BASIS OF PRESENTATION (Details) Sheet http://mmex.com/role/BackgroundOrganizationAndBasisOfPresentationDetails BACKGROUND ORGANIZATION AND BASIS OF PRESENTATION (Details) Details 30 false false R31.htm 000031 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://mmex.com/role/SummaryOfSignificantAccountingPoliciesTables 31 false false R32.htm 000032 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesDetails1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) Details http://mmex.com/role/SummaryOfSignificantAccountingPoliciesTables 32 false false R33.htm 000033 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesDetails2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) Details http://mmex.com/role/SummaryOfSignificantAccountingPoliciesTables 33 false false R34.htm 000034 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Sheet http://mmex.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Details http://mmex.com/role/SummaryOfSignificantAccountingPoliciesTables 34 false false R35.htm 000035 - Disclosure - GOING CONCERN (Details Narrative) Sheet http://mmex.com/role/GoingConcernDetailsNarrative GOING CONCERN (Details Narrative) Details http://mmex.com/role/GoingConcern 35 false false R36.htm 000036 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) Sheet http://mmex.com/role/RelatedPartyTransactionsDetailsNarrative RELATED PARTY TRANSACTIONS (Details Narrative) Details http://mmex.com/role/RelatedPartyTransactions 36 false false R37.htm 000037 - Disclosure - PROPERTY AND EQUIPMENT (Details) Sheet http://mmex.com/role/PropertyAndEquipmentDetails PROPERTY AND EQUIPMENT (Details) Details http://mmex.com/role/PropertyAndEquipmentTables 37 false false R38.htm 000038 - Disclosure - PROPERTY AND EQUIPMENT (Details Narrative) Sheet http://mmex.com/role/PropertyAndEquipmentDetailsNarrative PROPERTY AND EQUIPMENT (Details Narrative) Details http://mmex.com/role/PropertyAndEquipmentTables 38 false false R39.htm 000039 - Disclosure - REFINERY PROJECT (Details Narrative) Sheet http://mmex.com/role/RefineryProjectDetailsNarrative REFINERY PROJECT (Details Narrative) Details http://mmex.com/role/RefineryProject 39 false false R40.htm 000040 - Disclosure - ACCRUED EXPENSES (Details) Sheet http://mmex.com/role/AccruedExpensesDetails ACCRUED EXPENSES (Details) Details http://mmex.com/role/AccruedExpensesTables 40 false false R41.htm 000041 - Disclosure - NOTES PAYABLE (Details) Notes http://mmex.com/role/NotesPayableDetails NOTES PAYABLE (Details) Details http://mmex.com/role/NotesPayableTables 41 false false R42.htm 000042 - Disclosure - NOTES PAYABLE (Details 1) Notes http://mmex.com/role/NotesPayableDetails1 NOTES PAYABLE (Details 1) Details http://mmex.com/role/NotesPayableTables 42 false false R43.htm 000043 - Disclosure - NOTES PAYABLE (Details 2) Notes http://mmex.com/role/NotesPayableDetails2 NOTES PAYABLE (Details 2) Details http://mmex.com/role/NotesPayableTables 43 false false R44.htm 000044 - Disclosure - NOTES PAYABLE (Details Narrative) Notes http://mmex.com/role/NotesPayableDetailsNarrative NOTES PAYABLE (Details Narrative) Details http://mmex.com/role/NotesPayableTables 44 false false R45.htm 000045 - Disclosure - NOTES PAYABLE - RELATED PARTIES (Details) Notes http://mmex.com/role/NotesPayableRelatedPartiesDetails NOTES PAYABLE - RELATED PARTIES (Details) Details http://mmex.com/role/NotesPayableRelatedPartyTables 45 false false R46.htm 000046 - Disclosure - NOTES PAYABLE - RELATED PARTIES (Details Narrative) Notes http://mmex.com/role/NotesPayableRelatedPartiesDetailsNarrative NOTES PAYABLE - RELATED PARTIES (Details Narrative) Details http://mmex.com/role/NotesPayableRelatedPartyTables 46 false false R47.htm 000047 - Disclosure - OTHER NOTES PAYABLE (Details Narrative) Notes http://mmex.com/role/OtherNotesPayableDetailsNarrative OTHER NOTES PAYABLE (Details Narrative) Details http://mmex.com/role/OtherNotesPayable 47 false false R48.htm 000048 - Disclosure - DERIVATIVE LIABILITIES (Details) Sheet http://mmex.com/role/DerivativeLiabilitiesDetails DERIVATIVE LIABILITIES (Details) Details http://mmex.com/role/DerivativeLiabilitiesTables 48 false false R49.htm 000049 - Disclosure - DERIVATIVE LIABILITIES (Details Narrative) Sheet http://mmex.com/role/DerivativeLiabilitiesDetailsNarrative DERIVATIVE LIABILITIES (Details Narrative) Details http://mmex.com/role/DerivativeLiabilitiesTables 49 false false R50.htm 000050 - Disclosure - STOCKHOLDERS DEFICIT (Details) Sheet http://mmex.com/role/StockholdersDeficitDetails STOCKHOLDERS DEFICIT (Details) Details http://mmex.com/role/StockholdersDeficitTables 50 false false R51.htm 000051 - Disclosure - STOCKHOLDERS DEFICIT (Details 1) Sheet http://mmex.com/role/StockholdersDeficitDetails1 STOCKHOLDERS DEFICIT (Details 1) Details http://mmex.com/role/StockholdersDeficitTables 51 false false R52.htm 000052 - Disclosure - STOCKHOLDERS DEFICIT (Details Narrative) Sheet http://mmex.com/role/StockholdersDeficitDetailsNarrative STOCKHOLDERS DEFICIT (Details Narrative) Details http://mmex.com/role/StockholdersDeficitTables 52 false false R53.htm 000053 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) Sheet http://mmex.com/role/CommitmentsAndContingenciesDetailsNarrative COMMITMENTS AND CONTINGENCIES (Details Narrative) Details http://mmex.com/role/CommitmentsAndContingencies 53 false false R54.htm 000054 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) Sheet http://mmex.com/role/SubsequentEventsDetailsNarrative SUBSEQUENT EVENTS (Details Narrative) Details http://mmex.com/role/SubsequentEvents 54 false false All Reports Book All Reports mmex-20200731.xml mmex-20200731.xsd mmex-20200731_cal.xml mmex-20200731_def.xml mmex-20200731_lab.xml mmex-20200731_pre.xml http://fasb.org/us-gaap/2019-01-31 http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2019-01-31 true true ZIP 68 0001477932-20-005505-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001477932-20-005505-xbrl.zip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end