$USAU

DATARAM CORP

CIK:0000027093|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
Net revenues
Operating expenses:
Compensation and related taxes	529,754	328,281
Exploration costs	335,641	275,081
Professional and consulting fees	2,437,064	1,448,415
General and administrative expenses	1,456,613	1,586,300
Total operating expenses	4,759,072	3,638,077
Loss from operations	(4,759,072)	(3,638,077)
Other income:
Interest income	152,199	65,578
Other income	6,000
Change in fair value of warrant liability		1,495,000
Total other income	158,199	1,560,578
Loss before provision for income taxes	(4,600,873)	(2,077,499)
Provision for income taxes
Net loss	$ (4,600,873)	$ (2,077,499)
Net loss per common share, basic	$ (0.28)	$ (0.15)
Net loss per common share, diluted	$ (0.28)	$ (0.15)
Weighted average common shares outstanding - basic	16,526,163	13,866,388
Weighted average common shares outstanding - diluted	16,526,163	13,866,388

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,600,873)	$ (2,077,499)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	20,361	8,436
Accretion	9,340	8,479
Amortization of right-of-use asset	14,408	14,833
Stock based compensation	763,604	155,013
Amortization of prepaid stock-based expenses
Change in fair value of warrant liability		(1,495,000)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	119,987	(194,401)
Reclamation bond deposit
Accounts payable and accrued liabilities	131,812	257,300
Stock payable	15,000	22,500
Operating lease liability	(14,320)	(14,833)
NET CASH USED IN OPERATING ACTIVITIES	(3,540,681)	(3,315,172)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock for exercise of stock option		13,204
Proceeds from issuance of common stock for exercise of stock warrants		6,483,012
NET CASH PROVIDED BY FINANCING ACTIVITIES		6,496,216
NET (DECREASE) INCREASE IN CASH	(3,540,681)	3,181,044
CASH - beginning of period	30,655,391	8,168,767
CASH - end of period	27,114,710	11,349,811
Cash paid for:
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Issuance of common stock for accrued services		193,809
Issuance of common stock for prepaid services		37,500
Reclassification of warrant liability into equity upon exercise of warrants		10,136,100
Operating lease right-of-use asset and operating lease liability recorded upon lease modification		$ 78,054

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jul. 31, 2026	Apr. 30, 2026
CURRENT ASSETS:
Cash	$ 27,114,710	$ 30,655,391
Prepaid expenses and other current assets	1,420,460	1,540,447
Total current assets	28,535,170	32,195,838
NONCURRENT ASSETS:
Property, net	2,273,838	2,294,199
Reclamation bond deposit	1,256,929	1,256,929
Operating lease right-of-use asset, net	81,815	96,223
Mineral rights	14,370,255	14,370,255
Total noncurrent assets	17,982,837	18,017,606
Total assets	46,518,007	50,213,444
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	626,864	495,052
Stock payable	80,000	65,000
Operating lease liabilities, current portion	61,142	59,475
Total current liabilities	768,006	619,527
LONG- TERM LIABILITIES
Asset retirement obligations	381,590	372,250
Operating lease liabilities, noncurrent portion	20,761	36,748
Deferred tax liability	430,486	430,486
Total long-term liabilities	832,837	839,484
Total liabilities	1,600,843	1,459,011
Commitments and Contingencies (see Note 12)
STOCKHOLDERS’ EQUITY :
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of July 31, 2026, and April 30, 2026
Common stock, $0.001 par value; 200,000,000 shares authorized; 16,526,163 shares and 16,526,163 shares issued and outstanding as of July 31, 2026, and April 30, 2026	16,526	16,526
Additional paid-in capital	160,116,814	159,353,210
Accumulated deficit	(115,216,176)	(110,615,303)
Total stockholders’ equity	44,917,164	48,754,433
Total liabilities and stockholders’ equity	$ 46,518,007	$ 50,213,444