v3.22.0.1
Condensed Consolidated Cash Flows Statements (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Cash Flows from Operating Activities    
Net loss $ (6,863,190) $ (10,089,785)
Stock based compensation 2,066,146 1,068,317
Common stock issued for services 250,400
Amortization of intangible assets 48,978 5,571
Depreciation 17,888
Change in fair value of derivative (1,299,527) 3,433,938
Amortization of debt discount 79,187
Derivative expense 4,630,288
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (470,765) (63,255)
Inventory (673,297) (405,987)
Other (3,492,145) (118,613)
Operating lease right-of-use assets and liabilities 10,696
Customer deposits 227,532 32,967
Accounts payable (1,673,545) 345,227
Accrued expenses (190,444) 165,129
Net cash used in operating activities (12,041,273) (917,016)
Cash Flows from Investing Activities    
Cash acquired through acquisitions 24,866
Payment for acquisition, net of cash acquired (48,368)
Purchases of property and equipment (92,581)
Proceeds from sale of marketable securities 6,250,322
Purchases of marketable securities (54,696,624)
Net cash used in investing activities (48,514,017) (48,368)
Cash Flows from Financing Activities    
Proceeds from exercise of warrants 99,999
Proceeds from related party obligations 79,000
Payments under related party obligations (1,969,193) (17,140)
Proceeds from debt obligations 424,419
Payments under debt obligations (694,738) (365,911)
Proceeds from convertible debentures 1,080,000
Payments of taxes related to restricted stock vesting (113,959)
Proceeds from issuance of common stock, net 70,065,203
Net cash provided by financing activities 67,387,312 1,200,368
Effect of foreign exchange rate changes on cash 2,158
Net increase in Cash 6,834,180 234,984
Cash, beginning of period 277,347 236,668
Cash, end of period 7,111,527 471,652
Cash paid for interest 27,563
Cash paid for income taxes
Non-cash transactions    
Fair value of shares issued in acquisitions 12,727,292 6,351,076
Taxes related to net shares settlement of equity awards 522,628
Conversion of derivative liability 163,141
Financed purchases of property and equipment 144,383
Indirect payment to related party 132,200
Conversion of preferred stock into common stock 11,407
Shares withheld as payment of note receivable 5,100
Issuance of Note Payable - Related Party in acquisition 1,753,000
Conversion of Notes into common stock 450,000
Conversion of accrued interest into common stock $ 45,024

Source