I-Minerals Inc

CIK:0001405663|SEC Filings

Condensed Interim Consolidated Statements of Loss - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
OPERATING EXPENSES
Management and consulting fees	$ 23,975	$ 25,913	$ 75,071	$ 78,079
General and miscellaneous	22,191	27,565	52,297	109,314
Professional fees	111,267	36,764	273,155	180,445
Operating Income (Loss)	(157,433)	(90,242)	(400,523)	(367,838)
OTHER (EXPENSE) INCOME FROM CONTINUING OPERATION
Foreign exchange gain (loss)	(11,817)	819	(8,294)	1,415
Interest and penalty expense	(20,177)		(224,188)	(60,000)
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS	(189,427)	(89,423)	(633,005)	(426,423)
Loss for the period from discontinued operations	(290,221)	(210,303)	(659,845)	(598,540)
NET LOSS FOR THE PERIOD	$ (479,648)	$ (299,726)	$ (1,292,850)	$ (1,024,963)
Loss per share from continuing operations– basic and diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.00)
Loss per share from discontinued operations – basic and diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	93,730,212	93,730,212	93,730,212	93,730,212

Condensed Interim Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
OPERATING ACTIVITIES
Net loss for the period	$ (1,292,850)	$ (1,024,963)
Items not involving cash:
Amortization	1,442	1,901
Change in non-cash operating working capital items:
Receivables	9,087	(10,665)
Prepaids	18,038	20,043
Accounts payable and accrued liabilities	342,218	99,414
Cash flows used in operating activities from continuing operations	(326,195)	(351,109)
Cash flows used in operating activities from discontinued operations	(595,870)	(563,161)
	(922,065)	(914,270)
INVESTING ACTIVITIES
Purchase of equipment	(12,790)
Cash flows used in investing activities from discontinued operations	(12,790)
FINANCING ACTIVITIES
Proceeds from promissory notes received	935,000	850,000
Cash flows from financing activities from continuing operations	935,000	850,000
CHANGE IN CASH	145	(64,270)
CASH, BEGINNING OF THE PERIOD	20,456	110,684
CASH, END OF THE PERIOD	20,601	46,414
SUPPLEMENTAL CASH FLOW INFORMATION (Note 10)
Interest paid
Taxes paid

Condensed Interim Consolidated Balance Sheets - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Current assets
Cash	$ 15,177	$ 14,029
Receivables	10,497	19,584
Prepaids	3,149	23,079
Assets held-for-sale	1,999,524	1,952,012
TOTAL ASSETS	2,028,347	2,008,704
Current liabilities
Accounts payable and accrued liabilities	1,518,112	1,250,188
Promissory notes due to related party	35,757,356	34,776,937
Liabilities held-for-sale	217,014	152,864
TOTAL LIABILITIES	37,492,482	36,179,989
CAPITAL DEFICIT
Issued and fully paid: 93,730,212 (April 30, 2022 – 93,730,212)	19,225,087	19,225,087
Additional paid-in capital	1,865,342	1,865,342
Deficit	(56,554,564)	(55,261,714)
TOTAL CAPITAL DEFICIT	(35,464,135)	(34,171,285)
TOTAL LIABILITIES AND CAPITAL DEFICIT	$ 2,028,347	$ 2,008,704