|
NUVILEX, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
|
9 Months Ended |
|
Jan. 31, 2012
|
Jan. 31, 2011
|
| Cash flows from operating activities: |
|
|
| Net loss |
$ (1,394,949) |
$ (304,180) |
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Stock issued for services |
1,252,453 |
0 |
| Gain on forgiveness of debt |
(173,960) |
0 |
| Depreciation and amortization |
23,853 |
32,220 |
| Net amortization of discount/premium |
(8,097) |
(8,097) |
| Change in assets and liabilities: |
|
|
| (Increase) decrease in accounts receivable |
(17,263) |
(19,907) |
| Decrease in inventory |
16,399 |
1,645 |
| Decrease in prepaid expenses |
15,580 |
0 |
| Increase (decrease) in accounts payable |
(32,044) |
73,892 |
| Increase in accrued interest, related party |
6,084 |
0 |
| Increase in accrued expenses |
104,610 |
141,067 |
| Net cash used in operating activities |
(207,334) |
(83,361) |
| Cash flows from investing activities: |
|
|
| Payments towards acquisition |
(680,000) |
0 |
| Net cash provided by investing activities |
(680,000) |
0 |
| Cash flows from financing activities: |
|
|
| Proceeds from the sale of common stock |
621,000 |
0 |
| Common stock issued to settle debt |
3,000 |
0 |
| Capital contributed by an officer |
0 |
36,059 |
| Proceeds from borrowings, related party |
362,210 |
50,200 |
| Repayment of debt |
(100,000) |
0 |
| Repayment of debt, related party |
(17,000) |
0 |
| Net cash provided by financing activities |
869,210 |
86,259 |
| Net increase (decrease) in cash and cash equivalents |
(18,124) |
2,898 |
| Cash at beginning of period |
57,201 |
716 |
| Cash at end of period |
39,077 |
3,614 |
| Supplementary non-cash disclosures: |
|
|
| Cash paid for interest |
0 |
0 |
| Franchise and income taxes |
$ 0 |
$ 0 |