MMEX Resources (MMEX) 10-Q 15 Nov 16 2014 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2013	Nov. 15, 2016
Document And Entity Information
Entity Registrant Name	MMEX Resources Corp
Entity Central Index Key	1,440,799
Document Type	10-Q
Document Period End Date	Oct. 31, 2013
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		426,568,410
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,014

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Current assets:
Cash	$ 195	$ 729
Deferred loan costs - short term	10,000	10,000
Total current assets	10,195	10,729
Property and equipment, net	10,189	12,692
Other assets:
Deferred loan costs - long term	13,822	18,822
Deposits	10,000	10,000
Total Assets	44,206	52,243
Current liabilities:
Accounts payable	655,881	640,589
Accounts payable - related party	8,033	8,033
Accrued expenses	1,000,019	660,355
Accrued expenses - related party	965,492	706,004
Notes payable, currently in default	375,000	375,000
Convertible notes payable, net of discount of $11,525 and $208,250 at October 31, 2013 and April 30, 2013, respectively	2,133,475	1,936,750
Convertible notes payable ? related party, net of discount of $235 and $3,674 at October 31, 2013 and April 30, 2013, respectively	81,910	23,830
Convertible preferred stock, currently in default	137,500	137,500
Total current liabilities	5,357,310	4,488,061
Long-term liabilities:
Preferred stock mandatory redemption right, net of discount of $732,518 and $798,362 at October 31, 2013 and April 30, 2013, respectively	267,482	201,638
Total liabilities	5,624,792	4,689,699
Stockholders deficit:
Common stock; $0.001 par value, 1,000,000,000 shares authorized, 57,188,313 shares issued and outstanding at October 31, 2013 and April 30, 2013	57,189	57,189
Common stock payable	90,000	90,000
Additional paid in capital	20,215,284	20,215,284
Non-controlling interest	(361,997)	(361,324)
Accumulated (deficit)	(25,581,062)	(24,638,605)
Total stockholders deficit	(5,580,586)	(4,637,456)
Total liabilities and stockholders deficit	$ 44,206	$ 52,243

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Current liabilities:
Convertible notes, net of discount currently in default	$ 11,525	$ 208,250
Convertible notes, net of discount related party	235	3,674
Discount on preferred stock redemption right, net	$ 732,518	$ 798,362
Stockholders deficit:
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	1,000,000,000	1,000,000,000
Common stock, Issued	57,188,313	57,188,313
Common stock, outstanding	57,188,313	57,188,313

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012
Consolidated Statements Of Operations
Revenues
Operating expenses:
Selling, general and administrative expenses	272,810	454,391	550,344	921,217
Depreciation and amortization	1,250	1,241	2,502	2,480
Total operating expenses	274,060	455,632	552,846	923,697
Loss from operations	(274,060)	(455,632)	(552,846)	(923,697)
Other income (expense):
Interest expense	(155,216)	(469,007)	(390,283)	(763,633)
Loss on debt conversion				(441,960)
Loss on investment in property		(178,848)		(211,673)
Total other income (expense)	(155,216)	(647,855)	(390,283)	(1,417,266)
Loss before income taxes	(429,276)	(1,103,487)	(943,129)	(2,340,963)
Provision for income taxes
Net Loss	(429,276)	(1,103,487)	(943,129)	(2,340,963)
Non-controlling interest in loss of consolidated subsidiaries	349	5,246	672	9,433
Net loss attributable to the Company	$ (428,927)	$ (1,098,241)	$ (942,457)	$ (2,331,530)
Weighted average number of common shares outstanding - basic and diluted	57,188,313	55,049,962	57,188,313	54,388,016
Net loss per common share basic and diluted	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.04)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Cash flows from operating activities
Net loss attributable to the Company	$ (942,457)	$ (2,331,530)
Non-controlling interest in net loss	(672)	(9,433)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	2,502	2,480
Amortization of debt discount	266,008	676,153
Amortization of deferred loan costs	5,000	5,000
Loss on debt conversion		441,960
Loss on investment in property		211,673
Common stock issued for services		57,000
Decrease (increase) in assets:
Prepaid expenses		5,994
Increase (decrease) in liabilities:
Accounts payable	15,292	227,491
Accrued expenses	599,152	383,407
Net cash used in operating activities	(55,175)	(329,805)
Cash flows from investing activities
Purchase of property and equipment		(650)
Net cash (used) in investing activities		(650)
Cash flows from financing activities
Proceeds from convertible notes payable - related party	54,641	27,500
Proceeds from notes payable		100,000
Payments on convertible notes payable - related party		(10,000)
Proceeds from issuance of common stock		50,000
Net cash provided by financing activities	54,641	167,500
Net decrease in cash	(534)	(162,955)
Cash at the beginning of the period	729	163,673
Cash at the end of the period	195	718
Supplemental disclosures:
Interest paid
Income taxes paid
Non-cash investing and financing activities:
Stock issued for conversion of debt		985,440
Stock issued for conversion of accrued compensation		329,162
Stock issued for common stock payable		518,289
Convertible debt beneficial conversion feature		$ 17,305

Background, Organization, And B

Background, Organization, And Basis Of Presentation	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 1 - Background, Organization, And Basis Of Presentation	MMEX Resources Corporation (the “Company” or “MMEX”) was formed in the State of Nevada on May 19, 2005 as Inkie Entertainment Group, Inc. On April 6, 2016, the Company amended its articles of incorporation to change its name to MMEX Resources Corporation and to authorize the Company to issue up to 1,000,000,000 common shares and 10,000,000 preferred shares. The changes in the number of authorized shares of the Company have been given retroactive effect in the accompanying condensed consolidated financial statements. The Board of Directors of the Company has made the decision to focus efforts on the oil, gas, refining and electric power business in the United States and Latin America. The accompanying condensed consolidated financial statements include the accounts of the following entities, all of which the Company maintains control through a majority ownership: Name of Entity % Form of Entity State of Incorporation Relationship MMEX Resources Corporation (“MMEX”) - Corporation Nevada Parent MCC Merger, Inc. (“MCCM”) 100% Corporation Delaware Holding Subsidiary Maple Carpenter Creek Holdings, Inc. (“MCCH”) 100% Corporation Delaware Subsidiary Maple Carpenter Creek, LLC (“MCC”) 80% LLC Nevada Subsidiary Carpenter Creek, LLC (“CC”) 95% LLC Delaware Subsidiary Armadillo Holdings Group Corp. (“AHGC”) 100% Corporation British Virgin Isles Subsidiary Armadillo Mining Corp. (“AMC”) 98.6% Corporation British Virgin Isles Subsidiary All significant inter-company transactions have been eliminated in the preparation of the condensed consolidated financial statements. These financial statements reflect all adjustments, consisting of normal recurring adjustments, which in the opinion of management are necessary for a fair presentation of the information contained therein. The Company has adopted a fiscal year end of April 30.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 2 - Summary Of Significant Accounting Policies	Our significant accounting policies are described in our Annual Report on Form 10-K for the year ended April 30, 2013 filed with the SEC on November 5, 2015. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Income or Loss Per Share Basic income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible preferred stock and convertible debentures, were exercised or converted into common stock. For the three months and six months ended October 31, 2013 and 2012, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Therefore, basic loss per share is the same as diluted loss per share and the weighted average number of common shares outstanding was 57,188,313 for each of the three and six months ended October 31, 2013 and 55,049,962 and 54,388,016 for the three months and six months ended October 31, 2012, respectively. Issuance of Shares for Non-Cash Consideration The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company's accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the Financial Accounting Standards Board (“FASB”). The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor's performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement. Reclassifications Certain amounts in the condensed consolidated financial statements for the prior year periods have been reclassified to conform with the current year presentation. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718)", which is intended to simplify several aspects of the accounting for share-based payment award transactions, including the income tax impacts, the classification on the statement of cash flows, and forfeitures. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In April 2015, the FASB issued ASU No. 2015-03, "Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs." To simplify presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. For public companies, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In August 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 310-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.” The amendments in this Update provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company has not determined the impact of the future adoption of the provisions of ASU No. 2014-15 on its consolidated financial statements. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or results of operations.

Going Concern

Going Concern	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 3 - Going Concern	Our financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplate the realization of assets and liquidation of liabilities in the normal course of business. We have incurred continuous losses from operations, have an accumulated deficit of $25,581,062 and a working capital deficit of $5,347,115 at October 31, 2013, and have reported negative cash flows from operations since inception. In addition, we do not currently have the cash resources to meet our operating commitments for the next twelve months, and we expect to have ongoing requirements for capital investment to implement our business plan. Finally, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered by entrance into established markets and the competitive environment in which we operate. Since inception, our operations have primarily been funded through private debt and equity financing, as well as capital contributions by our subsidiaries' partners, and we expect to continue to seek additional funding through private or public equity and debt financing. Our ability to continue as a going concern is dependent on our ability to generate sufficient cash from operations to meet our cash needs and/or to raise funds to finance ongoing operations and repay debt. However, there can be no assurance that we will be successful in our efforts to raise additional debt or equity capital and/or that our cash generated by our operations will be adequate to meet our needs. These factors, among others, indicate that we may be unable to continue as a going concern for a reasonable period of time. The financial statements do not include any adjustments that might result from the outcome of any uncertainty as to the Company's ability to continue as a going concern. The financial statements also do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 4 - Related Party Transactions	During the past few years, Tydus Richards, the former Chairman of our board of directors and shareholder, made certain payments on behalf of the Company. The Company has partially reimbursed Mr. Richards for these advances. As of October 31, 2013 and April 30, 2013, a remaining balance of $31,633 included in accrued expenses – related party remains outstanding. On September 4, 2010, MCCH entered into an employment agreement with the Company's CEO, Jack W. Hanks, for a two-year term, automatically renewable for one-year terms thereafter, at an annual compensation of $300,000 per year. On September 4, 2010, MCCH entered into a consulting agreement with Bruce N. Lemons, one of the Company's two directors, for a two-year term, automatically renewable for one-year terms thereafter, at an annual compensation of $170,000 per year. Accrued expenses (see Note 6) to related parties totaled $965,492 and $706,004 as of October 31, 2013 and April 30, 2013, respectively. Convertible notes payable – related party consisted of the following at: October 31, 2013 April 30, 2013 Note payable to a BNL Family Partners, LLC, a related party, maturing September 30, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share $ 27,680 $ 5,400 Note payable to Delavega Trading Ltd., a related party, maturing September 30, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 20,600 15,600 Note payable to Delavega Trading Ltd., a related party, maturing December 17, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 6,500 6,500 Advances from Maple Gas Corporation, a related party 27,365 - Total 82,145 27,500 Less discount (235 ) (3,670 ) Net $ 81,910 $ 23,830 BNL Family Partners Convertible Notes On September 15, 2012, the Corporation entered into a $4,500 convertible note agreement with BNL Family Partners, LLC, a related party. Mr. Bruce N. Lemons, a director of the Corporation, is a partner of BNL Family Partners. The note carries a 20% interest rate until maturity at September 30, 2013 and is convertible into common shares of the Company at the holder's option at $0.20 per share. The holder may accelerate repayment of the promissory notes upon the Company raising additional capital of $150,000. The computed interest of $900 was added to the balance of the note and recorded as additional debt discount. In addition, the Company issued 4,500 warrants valued at $800 using the Black-Scholes option pricing model. The value of the warrants of $800 was recorded as an increase to debt discount and to additional paid-in capital. The warrants are exercisable at an exercise price of $0.30 per common share until September 15, 2015. During the six months ended October 31, 2013, BNL Family Partners advanced the Company an additional $22,280. Delavega Trading Ltd. Convertible Notes On August 1, 2012, the Company entered into a $13,000 convertible note agreement with Delavega Trading Ltd., a related party. Mr. Nabil Katabi, a director of the Company, is a control person of Delavega Trading Ltd. The note carries a 20% interest rate until maturity at September 30, 2013 and is convertible into common shares of the Company at the holder's option at $0.20 per common share. The computed interest of $2,600 was added to the balance of the note and recorded as additional debt discount. In addition, the Company issued 13,000 warrants valued at $1,292 using the Black-Scholes option pricing model. The value of the warrants of $1,292 was recorded as an increase to debt discount and to additional paid-in capital. The warrants are exercisable at an exercise price of $0.30 per common share until August 1, 2015. On December 17, 2012, the Company entered into a $6,500 convertible note agreement with Delavega Trading Ltd. The note carries a 20% interest rate until maturity at December 17, 2013 and is convertible into common shares of the Company at the holder's option at $0.20 per common share. The computed interest of $1,300 was added to the balance of the note and recorded as additional debt discount. In addition, the Company issued 6,500 warrants valued at $549 using the Black-Scholes oprtion pricing model. The value of the warrants of $549 was recorded as an increase to debt discount and to additional paid-in capital. The warrants are exercisable at an exercise price of $0.30 per common share until December 17, 2015. During the six months ended October 31, 2013, Delavega Trading Ltd. advanced the Company an additional $5,000. Maple Gas Advances During the six months ended October 31, 2013, Maple Gas Corporation, a related party owned by Mr. Jack W. Hanks, a director and officer of the Company, advanced the Company a total of $27,365. The debt discount resulting from interest and the value of warrants computed at the inception of the convertible notes payable – related party is amortized over the term of the notes as additional interest expense. During the three months ended October 31, 2013 and 2012, debt discount amortized to interest expense totaled $1,732 and $0, respectively. During the six months ended October 31, 2013 and 2012, debt discount amortized to interest expense totaled $3,828 and $0, respectively. The above convertible notes payable – related party were subsequently forgiven, with the obligations contributed to capital – see Note 12.

Property and Equipment

Property and Equipment	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 5 - Property and Equipment	Property and equipment consisted of the following at: October 31, 2013 April 30, 2013 Computer software and hardware $ 25,023 $ 25,023 Less accumulated depreciation and amortization (14,834 ) (12,331 ) $ 10,189 $ 12,692 Depreciation and amortization expense totaled $1,250 and $1,241 for the three months ended October 31, 2013 and 2012, respectively, and $2,502 and $2,480 for the six months ended October 31, 2013 and 2012, respectively.

Accrued Expenses

Accrued Expenses	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 6 - Accrued Expenses	Accrued expenses consisted of the following at: October 31, 2013 April 30, 2013 Accrued payroll $ 521,629 $ 278,923 Accrued consulting 815,681 577,983 Accrued dividend 260,685 210,685 Accrued interest 304,831 236,083 Other 62,685 62,685 $ 1,965,511 $ 1,366,359

Notes Payable

Notes Payable	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 7 - Notes Payable	Notes payable, currently in default, consist of the following at: October 31, 2013 April 30, 2013 Note payable to an unrelated party, maturing July 15, 2010, with interest at 10% $ 300,000 $ 300,000 Note payable to an unrelated party, maturing December 31, 2010, with interest at 10% 25,000 25,000 Note payable to an unrelated party, maturing January 27, 2012, with interest at 25% 50,000 50,000 $ 375,000 $ 375,000 Accrued interest payable on notes payable, currently in default, totaled $173,352 and $152,727 at October 31, 2013 and April 30, 2013, respectively. Convertible notes payable, currently in default, consist of the following at: October 31, 2013 April 30, 2013 Note payable to an accredited investor, maturing July 31, 2013, with interest at 10%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share, secured with 2,995,000 common shares of the Company $ 1,650,000 $ 1,650,000 Note payable to an accredited investor, maturing October 31, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 120,000 120,000 Note payable to an accredited investor, maturing February 1, 2014, with interest at 20%, convertible upon default at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 180,000 180,000 Note payable to an accredited investor, maturing March 1, 2013, with interest at 1.87% per month, secured with 900,000 common shares of the Company owned by the president and CEO of the Company 120,000 120,000 Note payable to an unrelated party, maturing March 18, 2014, with interest at 10% 75,000 75,000 Total 2,145,000 2,145,000 Less discount (11,525 ) (208,250 ) Net $ 2,133,475 $ 1,936,750 On April 25, 2012, four prior convertible notes payable to an accredited investor were combined into a new $1,500,000 note. The note was due and payable on July 31, 2013. The note bears interest at 10% due at maturity. The computed interest of $150,000 was added to the balance of the note and recorded as additional debt discount. The note is convertible at the option of the holder into shares of the Company’s common stock at a fixed conversion price of $0.20 per share. The note was subsequently transferred to a related party and converted to common shares of the Company – see Note 12. On August 15, 2012, the Company entered into a $100,000 convertible note agreement with an accredited investor. The note is subject to a 20% placement fee payable to the holder irrespective of the date redeemed, matures on October 31, 2013 and is convertible at the option of the holder into shares of the Company’s common stock at a fixed conversion price of $0.20 per share. The note is currently in default. The computed interest of $20,000 was added to the balance of the note and recorded as additional debt discount. In addition, the Company issued 120,000 warrants valued at $14,232 using the Black-Scholes option pricing model. The value of the warrants of $14,232 was recorded as an increase to debt discount and to additional paid-in capital. The warrants are exercisable at an exercise price of $0.30 per common share until August 15, 2015. The note was subsequently transferred to a related party and converted to common shares of the Company – see Note 12. On February 1, 2013, the Company entered into a $150,000 convertible note agreement with an unrelated party. The note was due and payable on February 1, 2014, and carries an interest rate of 20%. The note is convertible upon default at the option of the holder into shares of the Company’s common stock at a fixed conversion price of $0.20 per share. The computed interest of $30,000 was added to the balance of the note and recorded as additional debt discount. In addition, the Company issued 150,000 warrants valued at $16,103 using the Black-Scholes option pricing model. The value of the warrants of $16,103 was recorded as an increase to debt discount and to additional paid-in capital. The warrants are exercisable at an exercise price of $0.20 per common share on or before three years from the repayment or conversion date. The note was subsequently transferred to a related party and converted to common shares of the Company – see Note 12. On January 2, 2013, the Company closed a note purchase agreement with an accredited investor pursuant to which the Company sold a $120,000 note in a private placement transaction. The note was due and payable on March 1, 2013, is currently in default and carries a monthly interest rate of 1.87%. The note purchase agreement included the issuance of 300,000 shares of the Company’s common stock. The note is secured with 900,000 shares of the Company’s common stock owned by Jack Hanks, the Company’s President and CEO. The 300,000 shares were valued at $0.10 per share, the closing price of the Company’s common stock on January 2, 2013, and recorded as a $30,000 increase to debt discount and an increase to common stock payable. The Company allocated the proceeds from the issuance of the notes to the warrants when applicable and to the notes based on their estimated fair market values at the date of issuance using the Black-Scholes option pricing model. The debt discount resulting from interest and the value of warrants computed at the inception of the notes payable is amortized over the term of the notes as additional interest expense. During the three months ended October 31, 2013 and 2012, debt discount amortized to interest expense totaled $56,269 and $129,934, respectively. During the six months ended October 31, 2013 and 2012, debt discount amortized to interest expense totaled $196,724 and $375,758, respectively.

Convertible Preferred Stock

Convertible Preferred Stock	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 8 - Convertible Preferred Stock	Preferred Stock – Mandatory Redemption Right On March 22, 2011 the Company issued 1,000,000 shares of Series A Preferred Stock (the “Preferred Stock”) to an unrelated party in exchange for an investment of $1,000,000. The shares may be converted into the Company’s common shares at $0.40 per common share. The Preferred Stock carry a 10% cumulative dividend and have a mandatory redemption feature on the earlier of March 1, 2016 or on a change of control transaction. The Company is required to redeem the shares at a liquidation value of $1.00 per share plus any accrued and unpaid dividends. Due to the mandatory redemption feature, the Company recorded the investment as a liability under ASC Subtopic 480-10. The Company recorded the intrinsic value of the beneficial conversion of $1,000,000 as debt discount and will amortize the discount through the mandatory redemption feature date of March 1, 2016. During the three months ended October 31, 2013 and 2012, amortization of debt discount to interest expense totaled $35,245 and $135,508, respectively. During the six months ended October 31, 2013 and 2012, amortization of debt discount to interest expense totaled $65,845 and $227,065, respectively. The investment is collateralized with a security interest in 2,500,000 shares of the Company’s common stock. Loan costs of $50,000 incurred on the issuance of the Preferred Stock were recorded as deferred loan costs and will be amortized by the effective interest method. The Company recorded amortization on loan costs in the amount of $2,500 for each of the three months ended October 31, 2013 and 2012 and $5,000 for each of the six months ended October 31, 2013 and 2012. Unpaid dividends payable on the Preferred Stock totaled $260,685 and $210,685 at October 31, 2013 and April 30, 2013, respectively. On August 15, 2012, the Company amended the Preferred Stock agreement and lowered the conversion rate provided from $0.40 per common share to $0.20 per common share. The amendment generated a $302,694 fair value adjustment that was recorded as additional interest and increased additional paid in capital. The Preferred Stock and related accrued dividends were subsequently transferred to a related party and converted into common shares of the Company – see Note 12. Convertible Preferred Stock, Currently in Default On June 30, 2011, the Company issued 360,000 shares of Armadillo Mining Corporation Preferred Stock to five unrelated parties in exchange for an investment of $360,000. The Preferred Stock carry a 25% cumulative dividend and have a mandatory redemption feature on December 31, 2011 at a price of $1.25 per share. In addition, the Company issued 360,000 warrants to purchase shares of the Company’s common stock at an exercise price of $0.60 per share on or before three years from the repayment or conversion date. On January 6, 2012, three unrelated parties converted their Preferred Stock and accrued dividends of $312,500 into 2,983,293 shares of the Company’s common stock at a price of $.10475 per share. As the conversion took place at below the market price and not within the terms of the agreement on the date of conversion, a loss of $75,328 was recorded. As of October 31, 2013 and April 30, 2013, the remaining face value of the Preferred Stock was $137,500. Accrued dividends on the Preferred Stock totaled $110,196 and $75,539 as of October 31, 2013 and April 30, 2013, respectively. The Company recorded interest expense, which includes amortization of debt discount on certain debt described above, totaling $155,216 and $469,007 for the three months ended October 31, 2013 and 2012, respectively, and totaling $390,283 and $763,633 for the six months ended October 31, 2013 and 2012, respectively.

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 9 - Stockholders' Deficit	Authorized Shares Pursuant to an amendment to its articles of incorporation (Note 12), the Company increased its authorized shares to 1,000,000,000 common shares and 10,000,000 preferred shares. The increase in authorized shares has been given retroactive effect in the accompanying condensed consolidated financial statements for all periods presented. Stock Issuances During the six months ended October 31, 2013, the Company did not issue any shares of its common or preferred stock. Stock Options On March 7, 2012, three directors of the Company (the "Optionees") received a total of 2,000,000 unvested stock options exercisable at $0.35 per share for common stock of the Company: after service of one year, 50% will be vested, and after service of the second year the remaining 50% will become vested; with an actual term of ten years from the date of grant. The Company did not grant any stock options during the six months ended October 31, 2013. The Company uses the Black-Scholes option pricing model to estimate the grant date fair value of its stock options, which value is amortized to stock-based compensation expense over the vesting period of the options. No stock-based compensation expense was recorded during the three months or six months ended October 31, 2013 and 2012 related to stock option grants. Unrecognized stock option expense at October 31, 2013 was $229,942. A summary of stock option activity during the six months ended October 31, 2013 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2013 2,000,000 $ 0.35 9.83 Granted - - Canceled / Expired - - Exercised - - Outstanding, October 31, 2013 2,000,000 $ 0.35 8.35 Warrants The Company has issued warrants to non-employees for either debt discounts or stock-based compensation. These warrants generally vested upon grant and were valued using the Black-Scholes option pricing model. No warrants were issued during the six months ended October 31, 2013. A summary of warrant activity during the six months ended October 31, 2013 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2013 32,865,345 $ 0.33 2.42 Granted - - Canceled / Expired - - Exercised - - Outstanding, October 31, 2013 32,865,345 $ 0.33 1.92 Common Stock Reserved At October 31, 2013, 49,350,984 shares of the Company’s common stock were reserved: 16,485,639 for debt conversion purposes and 32,865,345 for issuance of outstanding warrants.

Non-controlling Interests

Non-controlling Interests	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 10 - Non-controlling Interests	On September 23, 2010, the Company, through a reverse merger, acquired 100% of the outstanding shares of Maple Carpenter Creek Holdings, Inc., ("MCCH"), a holding Company, with an 80% interest in Maple Carpenter Creek, LLC ("MCC"), which in turn owned a 95% interest in the subsidiary, Carpenter Creek, LLC ("CC"), and a 98.12% interest in Armadillo Holdings Group Corp. ("AHGC"), which in turn owned an 80% interest in Armadillo Mining Corp. ("AMC"). The non-controlling interest of 1.88% in AHGC was acquired by MCCH on December 21, 2010 in exchange for 31,334 shares of the Company’s common stock resulting in 100% ownership of AHGC. On March 22, 2011, AHGC acquired 14.6% of AMC and on April 30, 2012, an additional 4% interest for a total of 98.6% based upon agreement with the minority interest holder to reduce their interest based upon proportionate share of additional capital contributed to AMC.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 11 - Commitments and Contingencies	Legal There were no legal proceedings against the Company. Operating Lease Commitments The Company acquired the Bolzer Lease pursuant to a September 23, 2010 merger. Subsequently, notice of termination on this lease effective April 26, 2010 was provided by previous management. The Company has recorded an accrued expense for the minimum lease payment of $62,541 for the January 2010 payment.

Subsequent Events

Subsequent Events	6 Months Ended
	Oct. 31, 2013
Notes to Financial Statements
NOTE 12 - Subsequent Events	In accordance with ASC 855-10, all subsequent events have been reported through the filing date as set forth below. Convertible Notes Payable – Related Parties On April 30, 2014, the Company converted a note payable to and additional advances from BNL Family Partners, a related party (see Note 4), into a single $48,130 convertible note agreement with BNL Family Partners. The holder may accelerate repayment of the promissory note upon the Corporation raising additional capital of $1,000,000. The holder may also convert the note into common shares of the Company at the holder's option at $0.025 per Common Share. As the conversion option is above the value of the stock on the date of conversion, no beneficial conversion feature was recorded with this note. On April 30, 2014, the Company converted the notes payable and associated accrued interest to and additional advances from Delavega Trading Ltd., a related party (see Note 4), into a single $27,100 convertible note agreement with Delavega Trading Ltd. The holder may accelerate repayment of the promissory note upon the Company raising additional capital of $1,000,000. The holder may also convert the note into common shares of the Company at the holder's option at $0.025 per Common Share. As the conversion option was above the value of the stock on the date of conversion, no beneficial conversion feature was recorded with this note. During the year ended April 30, 2014, Maple Gas Corporation, a related party owned by Mr. Jack W. Hanks, a director and officer of the Company, advanced funds or incurred expenses on behalf of the Company. On April 30, 2014, the Company entered into a $39,337 convertible note agreement with Maple Gas Corporation for the total advances to that date. The holder may accelerate repayment of the promissory note upon the Company raising additional capital of $1,000,000. The holder may also convert the note into common shares of the Company at the holder's option at $0.025 per common share. As the conversion option was above the value of the stock on the date of conversion, no beneficial conversion feature was recorded with this note. In May 2015, these related parties agreed to forgive the above indebtedness, and the reduction of the notes payable and related accrued interest payable was recorded as a contribution to capital. Transfer of Coal Assets As of April 30, 2014, the Company had interests in coal prospects in Colombia, South America. As of May 18, 2015, the Board of Directors of the Company approved a transfer its coal assets in Colombia to a trust for the benefit of its existing shareholders with an effective date as of April 13, 2016. The shareholders of the Company have the same allocated share ownership interests in the trust that they had in the Company as of the effective date of the transfer, which is as of April 13, 2016. In addition, the shareholders of the Company have the same ownership interests in the Company subject to the dilution by the acquisition of Maple Structure Holdings, LLC of the purchase of the Preferred Shares and selected debt of the Company, and then the subsequent conversion of those Instruments into equity in the Company at US$0.01 per share. That conversion results in a substantial dilution of existing shareholders including majority shareholder ownership. See below for details of the dilution. Amendment of Articles of Incorporation As of April 6, 2016, the Company amended its articles of incorporation to change its corporate name from MMEX Mining Corporation to MMEX Resources Corporation and to increase its authorized shares to 1,000,000,000 common shares and 10,000,000 preferred shares. Transfer and Conversion of Preferred Shares On October 7, 2015, The Company transferred 1,000,000 Preferred Shares from William D. Gross to Maple Structure Holdings, LLC, a related party controlled by Mr. Jack W. Hanks, a director and officer of the Company. On November 10, 2015, Maple Structure Holdings converted the 1,000,000 Preferred Shares with a book value of $1,000,000 and accrued dividends of $232,837 into 123,283,700 common shares of the Company at $0.01 per share. The issuance of the common shares to Maple Structure Holdings was approved by the Company’s Board of Directors Resolution dated May 18, 2015. On November 11, 2015, Maple Structure Holdings transferred a total of 70,890,440 shares to the following entities: (i) AAM Investments, LLC- 27,546,375 shares; (ii) The Maple Gas Corporation- 28,091,350 shares; and (iii) Delavega Trading LTD- 15,252,715 shares. All of the foregoing entities are related parties to the Directors of the Company. Transfer and Conversion of Notes Payable in Default On October 9, 2014, the convertible notes payable in default of $1,650,000, $120,000 and $180,000 (Note 7) were assigned to The Maple Gas Corporation, a related party. On May 2, 2016, The Maple Gas Corporation converted the notes into 195,000,000 common shares of the Company at $0.01 per share. The issuance of the common shares to Maple Structure Holdings was approved by the Company’s Board of Directors Resolution dated May 18, 2015. The common shares were issued to the following entities: (i) Maple Structure Holdings-82,875,000 shares; (ii) The Maple Gas Corporation-44,431,151 shares; Enzamora LTD-24,124,688 shares; and BNL Family Trust-43,569,160 shares. All of the foregoing entities are related parties to the Directors of the Company. Subsequent Financings As the Company continues to expand its business and implement its business strategy, its current monthly cash flow requirements will exceed its near term cash flow from operations. In order to fund its development costs, the Company initiated in fiscal year 2016 a private placement to qualified investors for cash and services. Through the date of the filing of this report, $122,142 cash and $60,000 in services had been received, including $52,142 cash from related parties, for a total of 15,153,824 common shares of the Company and a total of 18,039,413 warrants. The warrants entitle the investors to purchase common shares at an exercise price of $0.01 per share for a 5-year period. The private placement is ongoing and only a portion of the common shares of the Company and warrants have been issued. On July 12, 2016, 1,096,397 shares of the Company’s common stock were issued to one of the investors. Settlement Agreement and Stipulation On October 28, 2016, MMEX Resources Corporation (the “Company) entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Rockwell Capital Partners, Inc. (“RCP”). Pursuant to the Settlement Agreement, as amended, RCP has purchased certain outstanding payables between the Company and designated vendors totaling $109,391 (the “Payables” or “Claims”) and will exchange the portion of such Payables assigned for a Settlement Amount payable in common shares of the Company. In settlement of the Claims, the Company shall issue and deliver to RCP, in one or more tranches as necessary, shares of the Company’s common stock (“Common Stock”), subject to adjustment and ownership limitations as set forth in the Settlement Agreement, sufficient to satisfy the Claims amount at a 50% discount to market based on the market price during the valuation period as defined in the Settlement Agreement. The Company also issued 7,000,000 shares of Common Stock as a settlement fee on October 31, 2016. On October 28, 2016, a circuit court in Florida issued an order confirming the fairness of the terms of the Settlement Agreement within the meaning of exemption from registration provided by Section 3(a) (10) of the Securities Act of 1933. The Company issued the following shares of its Common Stock to RCP in settlement of Claims: 10,000,000 shares on November 3, 2016, 15,000,000 shares on November 4, 2016 and 18,000,000 shares on November 10, 2016. Other Subsequent Events As of April 13, 2016 the Company assigned AMC to an irrevocable trust (the " MMEX Trust"), whose beneficiaries are the existing shareholders of the Company. AMC through the MMEX Trust controls the Colombia Hunza coal interest previously owned by the Company. As of June 29, 2016, the Board of Directors executed a Board Resolution that the Directors of the Company may be two directors pursuant to the By-Laws of the Company. As of June 29, 2016, Nabil Katabi resigned as a director of the Company.

Summary Of Significant Accoun18

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2013
Summary Of Significant Accounting Policies Policies
Use of estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income or Loss Per Share	Basic income or loss per share is calculated by dividing net income or loss (available to common stockholders) by the weighted average number of common shares outstanding for the period. Diluted income or loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, warrants, convertible preferred stock and convertible debentures, were exercised or converted into common stock. For the three months and six months ended October 31, 2013 and 2012, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. Therefore, basic loss per share is the same as diluted loss per share and the weighted average number of common shares outstanding was 57,188,313 for each of the three and six months ended October 31, 2013 and 55,049,962 and 54,388,016 for the three months and six months ended October 31, 2012, respectively.
Issuance of Shares for Non-Cash Consideration	The Company accounts for the issuance of equity instruments to acquire goods and/or services based on the fair value of the goods and services or the fair value of the equity instrument at the time of issuance, whichever is more reliably determinable. The Company's accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services follows the provisions of the standards issued by the Financial Accounting Standards Board (“FASB”). The measurement date for the fair value of the equity instruments issued is determined as the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor's performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.
Reclassifications	Certain amounts in the condensed consolidated financial statements for the prior year periods have been reclassified to conform with the current year presentation.
Recently issued accounting pronouncements	In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)". The amendments in this ASU revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. The new lease guidance also simplifies the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2018 and are to be applied through a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption is permitted. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In March 2016, the FASB issued ASU No. 2016-09, "Stock Compensation (Topic 718)", which is intended to simplify several aspects of the accounting for share-based payment award transactions, including the income tax impacts, the classification on the statement of cash flows, and forfeitures. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016, including interim periods. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In April 2015, the FASB issued ASU No. 2015-03, "Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs." To simplify presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. For public companies, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In August 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 310-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.” The amendments in this Update provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company has not determined the impact of the future adoption of the provisions of ASU No. 2014-15 on its consolidated financial statements. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or results of operations.

Background, Organization, And19

Background, Organization, And Basis Of Presentation (Tables)	6 Months Ended
	Oct. 31, 2013
Background Organization And Basis Of Presentation Tables
Entity operational details	The accompanying condensed consolidated financial statements include the accounts of the following entities, all of which the Company maintains control through a majority ownership: Name of Entity % Form of Entity State of Incorporation Relationship MMEX Resources Corporation (“MMEX”) - Corporation Nevada Parent MCC Merger, Inc. (“MCCM”) 100% Corporation Delaware Holding Subsidiary Maple Carpenter Creek Holdings, Inc. (“MCCH”) 100% Corporation Delaware Subsidiary Maple Carpenter Creek, LLC (“MCC”) 80% LLC Nevada Subsidiary Carpenter Creek, LLC (“CC”) 95% LLC Delaware Subsidiary Armadillo Holdings Group Corp. (“AHGC”) 100% Corporation British Virgin Isles Subsidiary Armadillo Mining Corp. (“AMC”) 98.6% Corporation British Virgin Isles Subsidiary

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Oct. 31, 2013
Summary Of Significant Accounting Policies Tables
Summary of convertible notes payable related party	Convertible notes payable – related party consisted of the following at: October 31, 2013 April 30, 2013 Note payable to a BNL Family Partners, LLC, a related party, maturing September 30, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share $ 27,680 $ 5,400 Note payable to Delavega Trading Ltd., a related party, maturing September 30, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 20,600 15,600 Note payable to Delavega Trading Ltd., a related party, maturing December 17, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 6,500 6,500 Advances from Maple Gas Corporation, a related party 27,365 - Total 82,145 27,500 Less discount (235 ) (3,670 ) Net $ 81,910 $ 23,830

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Oct. 31, 2013
Property And Equipment Tables
Property and Equipment	Property and equipment consisted of the following at: October 31, 2013 April 30, 2013 Computer software and hardware $ 25,023 $ 25,023 Less accumulated depreciation and amortization (14,834 ) (12,331 ) $ 10,189 $ 12,692

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Oct. 31, 2013
Accrued Expenses Tables
Accrued expenses	Accrued expenses consisted of the following at: October 31, 2013 April 30, 2013 Accrued payroll $ 521,629 $ 278,923 Accrued consulting 815,681 577,983 Accrued dividend 260,685 210,685 Accrued interest 304,831 236,083 Other 62,685 62,685 $ 1,965,511 $ 1,366,359

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Oct. 31, 2013
Notes Payable Tables
Summary of Notes Payables	Notes payable, currently in default, consist of the following at: October 31, 2013 April 30, 2013 Note payable to an unrelated party, maturing July 15, 2010, with interest at 10% $ 300,000 $ 300,000 Note payable to an unrelated party, maturing December 31, 2010, with interest at 10% 25,000 25,000 Note payable to an unrelated party, maturing January 27, 2012, with interest at 25% 50,000 50,000 $ 375,000 $ 375,000
Summary of convertible notes payable	Convertible notes payable, currently in default, consist of the following at: October 31, 2013 April 30, 2013 Note payable to an accredited investor, maturing July 31, 2013, with interest at 10%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share, secured with 2,995,000 common shares of the Company $ 1,650,000 $ 1,650,000 Note payable to an accredited investor, maturing October 31, 2013, with interest at 20%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 120,000 120,000 Note payable to an accredited investor, maturing February 1, 2014, with interest at 20%, convertible upon default at the option of the holder into common shares of the Company at a fixed conversion price of $0.20 per share 180,000 180,000 Note payable to an accredited investor, maturing March 1, 2013, with interest at 1.87% per month, secured with 900,000 common shares of the Company owned by the president and CEO of the Company 120,000 120,000 Note payable to an unrelated party, maturing March 18, 2014, with interest at 10% 75,000 75,000 Total 2,145,000 2,145,000 Less discount (11,525 ) (208,250 ) Net $ 2,133,475 $ 1,936,750

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	6 Months Ended
	Oct. 31, 2013
Changes In Stockholders Equity Deficit Tables
Summary of stock option activity	A summary of stock option activity during the six months ended October 31, 2013 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2013 2,000,000 $ 0.35 9.83 Granted - - Canceled / Expired - - Exercised - - Outstanding, October 31, 2013 2,000,000 $ 0.35 8.35
Summary of warrant activity	A summary of warrant activity during the six months ended October 31, 2013 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2013 32,865,345 $ 0.33 2.42 Granted - - Canceled / Expired - - Exercised - - Outstanding, October 31, 2013 32,865,345 $ 0.33 1.92

Background, Organization, and25

Background, Organization, and Basis of Presentation (Details)	6 Months Ended
	Oct. 31, 2013
Mmex Resources Corporation [Member]
Ownership Percentage	-
Form of Entity	Corporation
State of Incorporation	Nevada
Relationship	Parent
Mcc Merger Inc [Member]
Ownership Percentage	100%
Form of Entity	Corporation
State of Incorporation	Delaware
Relationship	Holding Sub
Maple Carpenter Creek Holdings Inc [Member]
Ownership Percentage	100%
Form of Entity	Corporation
State of Incorporation	Delaware
Relationship	Subsidiary
Maple Carpenter Creek Llc [Member]
Ownership Percentage	80%
Form of Entity	LLC
State of Incorporation	Nevada
Relationship	Subsidiary
Carpenter Creek Llc [Member]
Ownership Percentage	95%
Form of Entity	LLC
State of Incorporation	Delaware
Relationship	Subsidiary
Armadillo Holdings Group Corp [Member]
Ownership Percentage	100%
Form of Entity	Corporation
State of Incorporation	British Virgin Isl.
Relationship	Subsidiary
Armadillo Mining Corp [Member]
Ownership Percentage	98.60%
Form of Entity	Corporation
State of Incorporation	British Virgin Isl.
Relationship	Subsidiary

Significant Accounting Policies

Significant Accounting Policies (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012
Significant Accounting Policies Details Narrative
Weighted average number of common shares outstanding - basic and fully diluted	57,188,313	55,049,962	57,188,313	54,388,016

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Going Concern Details Narrative
Accumulated deficit	$ (25,581,062)	$ (24,638,605)
Working Capital deficit	$ 5,347,115

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Total	$ 82,145	$ 27,500
Less discount	(235)	(3,670)
Net	81,910	23,830
Convertible Notes Payable [Member]
Total	27,680	5,400
Convertible Notes Payable One [Member]
Total	20,600	15,600
Convertible Notes Payable Two [Member]
Total	6,500	6,500
Maple Gas Convertible Note [Member]
Total	$ 27,365

Related Party Transactions (D29

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Apr. 30, 2013
Reimbursed amount outstanding	$ 31,633		$ 31,633		$ 31,633
Accrued expenses - related party	965,492		965,492		$ 706,004
Debt discount amortized to interest expense	1,732	$ 0	3,828	$ 0
BNL Family Partners Convertible Notes [Member]
Convertible note agreement	22,280		22,280
Delavega Trading Ltd. Convertible Notes [Member]
Convertible note agreement	5,000		5,000
Maple Gas Advances [Member]
Convertible note agreement	$ 27,365		$ 27,365

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Property And Equipment Details
Computer software and hardware	$ 25,023	$ 25,023
Less accumulated depreciation and amortization	(14,834)	(12,331)
Property and equipment, net	$ 10,189	$ 12,692

Property and Equipment (Detai31

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012
Property And Equipment Details Narrative
Depreciation and amortization	$ 1,250	$ 1,241	$ 2,502	$ 2,480

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Total Accrued Expenses	$ 1,965,511	$ 1,366,359
Payroll Employees [Member]
Total Accrued Expenses	521,629	278,923
Consulting [Member]
Total Accrued Expenses	815,681	577,983
Dividend [Member]
Total Accrued Expenses	260,685	210,685
Interest [Member]
Total Accrued Expenses	304,831	236,083
Other [Member]
Total Accrued Expenses	$ 62,685	$ 62,685

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Notes payable, currently in default	$ 375,000	$ 375,000
Notes Payable [Member]
Notes payable, currently in default	300,000	300,000
Notes Payable One [Member]
Notes payable, currently in default	25,000	25,000
Notes Payable Two [Member]
Notes payable, currently in default	$ 50,000	$ 50,000

Notes Payable (Details 1)

Notes Payable (Details 1) - USD ($)	Oct. 31, 2013	Apr. 30, 2013
Total	$ 2,145,000	$ 2,145,000
Less discount	(11,525)	(208,250)
Net	2,133,475	1,936,750
Convertible Notes Payable [Member]
Total	1,650,000	1,650,000
Convertible Notes Payable One [Member]
Total	120,000	120,000
Convertible Notes Payable Two [Member]
Total	180,000	180,000
Convertible Notes Payable Three [Member]
Total	120,000	120,000
Convertible Notes Payable Four [Member]
Total	$ 75,000	$ 75,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Apr. 30, 2013
Accrued interest payable	$ 173,352		$ 173,352		$ 152,727
Debt discount amortized to interest expense	$ 1,732	$ 0	3,828	$ 0
Notes Payable [Member]
Debt discount amortized to interest expense			$ 196,724	$ 375,758

Convertible Preferred Stock (De

Convertible Preferred Stock (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Apr. 30, 2013
Debt discount amortized to interest expense	$ 1,732	$ 0	$ 3,828	$ 0
On March 22, 2011 [Member]
Debt discount amortized to interest expense	35,245	135,508	65,845	227,065
Amortization on loan costs	2,500	2,500	5,000	5,000
Dividends payable	260,685		260,685		$ 210,685
On January 6, 2012 [Member]
Debt discount amortized to interest expense	155,216	$ 469,007	390,283	$ 763,633
Face value of preferred stock	137,500		137,500		137,500
Accrued dividends	$ 110,196		$ 110,196		$ 75,539

Stockholder's Deficit (Details)

Stockholder's Deficit (Details)	6 Months Ended
	Oct. 31, 2013$ / sharesshares
Number of options
Beginning Balance | shares	2,000,000
Granted | shares
Canceled / Expired | shares
Exercised | shares
Ending Balance | shares	2,000,000
Weighted Average Exercise Price Per share
Beginning Balance | $ / shares	$ 0.35
Granted | $ / shares
Canceled / Expired | $ / shares
Exercised | $ / shares
Ending Balance | $ / shares	$ 0.35
Weighted Average remaining contractual life (years)
Weighted Average Remaining Contractual Life (in years) Beginning	9 years 9 months 29 days
Weighted Average Remaining Contractual Life (in years) Outstanding Ending	8 years 4 months 6 days

Stockholder's Deficit (Details

Stockholder's Deficit (Details 1)	6 Months Ended
	Oct. 31, 2013$ / sharesshares
Number of warrants
Beginning Balance | shares	2,000,000
Granted | shares
Canceled / Expired | shares
Exercised | shares
Ending Balance | shares	2,000,000
Weighted Average Exercise Price Per Share
Beginning Balance | $ / shares	$ 0.35
Granted | $ / shares
Canceled / Expired | $ / shares
Exercised | $ / shares
Ending Balance | $ / shares	$ 0.35
Weighted Average remaining contractual life (years)
Weighted Average Remaining Contractual Life (in years) Outstanding Beginning	9 years 9 months 29 days
Weighted Average Remaining Contractual Life (in years) Outstanding Ending	8 years 4 months 6 days
Warrants [Member]
Number of warrants
Beginning Balance | shares	32,865,345
Granted | shares
Canceled / Expired | shares
Exercised | shares
Ending Balance | shares	32,865,345
Weighted Average Exercise Price Per Share
Beginning Balance | $ / shares	$ 0.33
Granted | $ / shares
Canceled / Expired | $ / shares
Exercised | $ / shares
Ending Balance | $ / shares	$ 0.33
Weighted Average remaining contractual life (years)
Weighted Average Remaining Contractual Life (in years) Outstanding Beginning	2 years 5 months 1 day
Weighted Average Remaining Contractual Life (in years) Outstanding Ending	1 year 11 months 1 day

Stockholders' Defisit (Details

Stockholders' Defisit (Details Narrative) - USD ($)	6 Months Ended
	Oct. 31, 2013	Apr. 30, 2013
Unrecognized stock option expense	$ 229,942
Common stock reserved, Shares	49,350,984
Common stock reserved for debt conversion	16,485,639
Common stock reserved for issuance of warrants	2,000,000	2,000,000
Warrants [Member]
Common stock reserved for issuance of warrants	32,865,345	32,865,345