XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash flows from operating activities    
Net loss $ (44,630,793) $ (5,189,238)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization expense 222,748 1,299
Gain on change in fair value of derivatives (15,074,880)
Shares and warrants issued with services 1,712,068 447,478
Share-based compensation 32,569,112
Loss on extinguishment of debt 7,096,730 1,528,580
Induced conversion loss 51,412
Amortization of debt discounts 5,400,285 325,426
Loss on issuance of convertible notes 5,889,369
Changes in operating assets and liabilities:    
Accounts receivable, net (447,101) (1,433,312)
Inventories, net (4,981,916) (1,401,782)
Prepaid expenses and other current assets (1,783,155) 82,099
Accounts payable and accrued expenses 5,893,935 1,352,468
Accrued payroll and bonuses 329,067 708,328
Deferred revenue (81,023) (66,074)
Accrued interest - related party 102,456 454,030
Net cash from operating activities (7,783,098) (3,139,286)
Cash flows from investing activities    
Purchase of trademark (30,000)
Note receivable issuance (2,250,000)
Net cash from investing activities (2,250,000) (30,000)
Cash flows from financing activities    
Proceeds from convertible notes 11,000,000
Debt issuance costs from convertible notes (800,251)
Proceeds from notes - related party 3,000,000 2,300,000
Repayments of notes - related party (1,000,000)
Repayment of note payable (2,000,000)
Proceeds from note payable 1,120,000
Other financing activities 9,671
Net cash from financing activities 10,209,420 3,420,000
Effect of exchange rate (22,672) (120)
Net change in cash and cash equivalents 153,650 250,594
Cash and cash equivalents, beg of period 928,796 79,847
Cash and cash equivalents, end of period 1,082,446 330,441
Supplemental disclosure of cash flow information    
Interest paid 111,105 165,900
Income taxes paid 13,729 3,668
Supplemental disclosure of non-cash investing and financing activities    
Transfer of notes payable to notes payable - related party 1,820,000
Transfer of convertible note payable to notes payable 1,700,000
Shares issued for conversion of notes payable – related party 6,220,003
Shares issued in connection with acquisition 3,550,000
Shares and warrants issued in connection with purchase of trademark 85,583
Elimination of related party derivative liabilities 8,754,538
Derivative liabilities recorded as debt discounts of convertible notes 10,199,749
Conversion of notes payable and accrued interest into common stock 687,037
Warrants and shares issued with note payable $ 195,061