XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2014
OPERATING ACTIVITIES:      
Net loss $ (107,697) $ (13,393,934) $ (165,659)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities      
Depreciation and amortization 400 400 97
Stock issued for consulting fees 0 71,700 0
Stock issued for business development expenses 0 13,118,270 0
Expenses paid directly by related parties 0 8,290 0
Unrealized loss (gain) on marketable securities, net of investment management fees 3,624 (9,857) 0
Changes in operating assets and liabilities      
Prepaid expenses 0 900 1,045
Advance to suppliers 1,230,294 (1,293,030) 0
Accounts payable (19,427) 12,038 6,779
Advance from customers (994,250) 1,423,031 0
Other payable 28,068 23,749 0
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 141,012 (38,443) (157,738)
INVESTING ACTIVITIES:      
Purchase of property and equipment 0 0 (2,052)
Purchase of marketable securities 0 (350,000) 0
Proceed from sell of marketable securities 100,409 0 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 100,409 (350,000) (2,052)
FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 0 10,150 1,479,900
Payments of common stock offering costs 0 0 (31,104)
Repayments to related parties (3,294) (44,676) (48,040)
Proceeds from related parties 0 60 60,782
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (3,294) (34,466) 1,461,538
Net Increase (Decrease) in Cash 238,127 (422,909) 1,301,748
Cash, Beginning of Period 878,839 1,301,748 0
CASH, END OF PERIOD 1,116,966 878,839 1,301,748
Cash paid during the period for:      
Interest 0 0 0
Income Taxes $ 0 $ 0 $ 0