MMEX Resources (MMEX) 10-K 13 Jan 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2016	Jan. 13, 2017	Oct. 31, 2015
Document And Entity Information
Entity Registrant Name	MMEX Resources Corp
Entity Central Index Key	1,440,799
Document Type	10-K
Document Period End Date	Apr. 30, 2016
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 Public Float			$ 893,800
Entity Common Stock, Shares Outstanding		707,216,332
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Current assets:
Cash	$ 1,030	$ 141
Deferred loan costs - short term		8,822
Total current assets	1,030	8,963
Property and equipment, net	386	2,333
Other assets:
Deposits		10,000
Total assets	1,416	21,296
Current liabilities:
Accounts payable	651,189	669,709
Accounts payable - related party		8,033
Accrued expenses	984,387	1,187,052
Accrued expenses - related party	64,420	2,389,957
Notes payable, currently in default	375,000	375,000
Convertible notes payable, net of discount of $0 and $0 at April 30, 2016 and 2015, respectively, currently in default	195,001	2,145,001
Convertible preferred stock, currently in default	137,500	137,500
Derivative liabilities	395,619
Convertible notes payable - related party, net of discount of $0 and $17 at April 30, 2016 and 2015, respectively		129,950
Preferred stock - mandatory redemption right, net of discount of $0 and $375,600 at April 30, 2016 and 2015, respectively		624,400
Total current liabilities	2,803,115	7,666,602
Commitments and contingencies
Stockholders' deficit:
Common stock; $0.001 par value, 3,000,000,000 shares authorized, 180,432,013 and 57,188,313 shares issued and outstanding at April 30, 2016 and 2015, respectively	180,434	57,189
Common stock payable	3,395,483	90,000
Additional paid in capital	24,154,130	20,215,398
Non-controlling interest	(376,619)	(374,781)
Accumulated (deficit)	(30,155,127)	(27,633,112)
Total Stockholders' Deficit	(2,801,699)	(7,645,306)
Total Liabilities and Stockholders' Deficit	$ 1,416	$ 21,296

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Current liabilities:
Convertible notes, net of discount currently in default	$ 0	$ 0
Convertible notes, net of discount related party	0	17
Discount on preferred stock redemption right, net	$ 0	$ 375,600
Stockholders' (Deficit):
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	3,000,000,000	3,000,000,000
Common stock, Issued	180,432,013	57,188,313
Common stock, outstanding	180,432,013	57,188,313

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Condensed Consolidated Statements Of Operations
Revenues
Operating Expenses:
Selling, general and administrative expenses	231,292	780,059
Depreciation and amortization	1,947	5,005
Total operating expenses	233,239	785,064
Loss from operations	(233,239)	(785,064)
Other income (expense):
Interest expense	(529,474)	(543,381)
Loss on derivative liabilities	(395,619)
Loss on extinguishment of debt	(1,365,521)
Total other (expense)	(2,290,614)	(543,381)
Loss before income taxes	(2,523,853)	(1,328,445)
Provision for income taxes
Net Loss	(2,523,853)	(1,328,445)
Non-controlling interest in loss of consolidated subsidiaries	1,838	6,603
Net loss attributable to company	$ (2,522,015)	$ (1,321,842)
Net loss per common share - basic and diluted	$ (0.02)	$ (0.02)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit and Members' Interests - USD ($)	Common Stock	Common Stock Payable [Member]	Additional Paid-In Capital	Non-controlling Interests	Accumulated Deficit	Total
Beginning Balance, Shares at Apr. 30, 2014	57,188,313
Beginning Balance, Amount at Apr. 30, 2014	$ 57,189	$ 90,000	$ 19,700,591	$ (368,178)	$ (26,311,270)	$ (6,316,975)
Beneficial conversion feature on convertible note			114			114
Net (loss)				(6,603)	(1,321,842)	(1,328,445)
Ending Balance, Shares at Apr. 30, 2015	57,188,313
Ending Balance, Amount at Apr. 30, 2015	$ 57,189	90,000	20,215,398	(374,781)	(27,633,112)	(7,645,306)
Adjustment to shares, Shares	(40,000)
Adjustment to shares, Amount	$ (39)		39
Related party debt forgiven and contributed to capital			2,212,721			2,212,721
Shares issued to related party for conversion of preferred stock and accrued dividends, Shares	123,283,700
Shares issued to related party for conversion of preferred stock and accrued dividends, Amount	$ 123,284		1,725,972			1,849,256
Conversion of related party convertible notes payable to common stock payable		2,925,000				2,925,000
Cash for common stock payable		75,000				75,000
Services for common stock payable		13,815				13,815
Conversion of accrued expenses to common stock payable		291,668				291,668
Net (loss)				(1,838)	(2,522,015)	(2,523,853)
Ending Balance, Shares at Apr. 30, 2016	180,432,013
Ending Balance, Amount at Apr. 30, 2016	$ 180,434	$ 3,395,483	$ 24,154,130	$ (376,619)	$ (30,155,127)	$ (2,801,699)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Cash flows from operating activities
Net loss attributable to the Company	$ (2,522,015)	$ (1,321,842)
Non-controlling interest in net loss	(1,838)	(6,603)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	1,947	5,005
Amortization of debt discount	375,617	269,668
Amortization of deferred loan costs	8,822	10,000
Loss on derivative liabilities	$ 395,619
Common stock payable for services	13,815
Loss on extinguishment of debt	$ 1,365,521
Decrease in deposits	10,000
Increase (decrease) in:
Accounts payable	(12,985)	12,283
Accrued expenses	291,386	1,021,196
Net cash used in operating activities	(74,111)	(10,293)
Cash flows from investing activities
Net cash used in investing activities
Cash flows from financing activities
Proceeds from common stock payable	75,000
Proceeds from debt		10,000
Net cash provided by financing activities	75,000	10,000
Net increase (decrease) in cash	889	(293)
Cash, beginning of year	141	434
Cash, end of year	1,030	141
Supplemental disclosures:
Interest paid
Income taxes paid
Debt discount on issuance of warrants		114
Adjustment to common stock and additional paid-in capital	(39)
Accrued expenses contributed to capital	2,340,844
Common shares issued for preferred stock and accrued dividends	(1,410,685)
Notes payable converted to common stock payable	1,950,000
Notes payable - related party contributed to capital	149,253
Accrued expenses converted to common stock payable	$ 14,292

BACKGROUND, ORGANIZATION AND BA

BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Apr. 30, 2016
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. Subsequently, the Company amended its articles of incorporation to increase its authorized common shares to 3,000,000,000 shares. The changes in the number of authorized shares of the Company have been given retroactive effect in the accompanying 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 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 As of April 13, 2016, the Company assigned AMC to an irrevocable trust (the “Trust”), whose beneficiaries are the existing shareholders of MMEX. The accounts of AMC are included in the consolidated financial statements due to the common ownership. AMC through the Trust controls the Hunza coal interest previously owned by the Company. All significant inter-company transactions have been eliminated in the preparation of the consolidated financial statements. The Company has adopted a fiscal year end of April 30.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Consolidation The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders’ deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations. 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. Property and equipment Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows: Furniture and fixtures 5 years Machinery and equipment 5 years Software and hardware 5 years Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations. The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management. Derivative liabilities In a series of subscription agreements, we have issued warrants that contain certain anti-dilution provisions that we have identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management's judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material. Fair value of financial instruments Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, Financial Instruments, An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows at April 30, 2016: Total Level 1 Level 2 Level 3 Derivative liability $ 395,619 $ - $ - $ 395,619 Advertising and promotion All costs associated with advertising and promoting products are expensed as incurred. No expenses were incurred for the years ended April 30, 2016 and 2015, respectively. Income taxes The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not. Basic and diluted loss per share Basic net 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 debt and convertible preferred stock, were exercised or converted into common stock. For the years ended April 30, 2016 and 2015, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share. Stock-based compensation The Company adopted FASB guidance on stock based compensation upon inception at April 23, 2009. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the statement of operations based on their fair values. Pro forma disclosure is no longer an alternative. For the fiscal years ended April 30, 2016 and 2015, the Company did not record any share based compensation to employees. 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 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. Uncertain tax positions The Company has adopted FASB standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities periodically audit the Company's income tax returns. These audits include questions regarding the Company's tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company's tax position relies on the judgment of management to estimate the exposures associated with the Company's various filing positions. Reclassifications Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform with the current year presentation. Recently Issued Accounting Pronouncements In October 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-17, “Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control.” This update amends the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (“VIE”) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The primary beneficiary of a VIE is the reporting entity that has a controlling financial interest in a VIE and, therefore, consolidates the VIE. A reporting entity has an indirect interest in a VIE if it has a direct interest in a related party that, in turn, has a direct interest in the VIE. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This ASU addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. 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 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. 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	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 3 - GOING CONCERN	Our consolidated 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 $30,155,127 and a total stockholders’ deficit of $2,801,699 at April 30, 2016, 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	12 Months Ended
	Apr. 30, 2016
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 April 30, 2016 and 2015, a remaining balance payable of $31,633 is included in accrued expenses – related party. On May 18, 2015, Jack W. Hanks, Bruce N. Lemons and Nabil Katabi, the three directors of the Company and certain companies under their control, entered an agreement to forgive the following indebtedness from the Company totaling $2,212,721 as of April 30, 2015 and contribute the amounts to capital. Accounts Payable Accounts Payable – Related Party Accrued Expenses Notes Payable Hanks: Accrued compensation $ - $ - $ 883,584 $ - Accounts payable - 8,033 - - Notes payable - - - 39,337 Accrued interest payable - - 5,901 - Lemons: Accrued consulting fees - - 791,315 - Notes payable - - - 63,530 Accrued interest payable - - 9,320 - Katabi: Accounts payable 5,536 - - - Accrued consulting fees - - 375,000 - Notes payable - - - 27,100 Accrued interest payable - - 4,065 - Total $ 5,536 $ 8,033 $ 2,069,185 $ 129,967 On September 4, 2010, MCCH entered 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. The agreement was cancelled effective May 1, 2015. On September 4, 2010, MCCH entered 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. The agreement was cancelled effective May 1, 2015. Accrued expenses (see Note 6) to related parties totaled $64,420 and $2,389,957 as of April 30, 2016 and 2015, respectively. The convertible notes payable – related party that were forgiven and contributed to capital consisted of the following at April 30, 2015: Note payable to a BNL Family Partners, Ltd., partially owned by Bruce N. Lemons, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share Note payable to a BNL Family Partners, Ltd., partially owned by Bruce N. Lemons, maturing June 30, 2015, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share 10,000 Note payable to Delavega Trading Ltd., controlled by Nabil Katabi, maturing June 20, 2015, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.25 per share 27,100 Note payable to The Maple Gas Corporation, owned by Jack W. Hanks, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share 39,337 Total $ 129,967 BNL Family Partners Convertible Notes On September 15, 2012, the Corporation entered into a $4,500 convertible note agreement with BNL Family Partners, Ltd., 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 were exercisable at an exercise price of $0.30 per common share until September 15, 2015. Subsequently, the Company converted the note payable described above and additional advances from BNL Family Partners into a single $53,530 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 June 20, 2014, the Company entered into a $10,000 convertible note agreement with BNL Family Partners. The note carries a 15% interest rate until maturity on June 20, 2015 and is convertible into common shares at the holder's option at $0.025 per common share. The Company issued 10,000 warrants valued at $114 using the Black-Scholes option pricing model. The value of the warrants of $114 was recorded as an increase to debt discount and to additional paid-in capital. During the years ended April 30, 2016 and 2015, $17 and $97 was amortized into interest expense from the debt discount. The warrants are exercisable at an exercise price of $0.05 per common share until June 30, 2017. 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 former 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 were 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 option 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 were exercisable at an exercise price of $0.30 per common share until December 17, 2015. Subsequently, the Company converted the notes payable described above and associated accrued interest and additional advances from Delavega Trading Ltd. 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. Maple Gas Convertible Notes During the year ended April 30, 2014, The 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 note carries a 15% interest rate. 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. On October 9, 2014, convertible notes payable in default to an accredited investor of $1,650,000, $120,000 and $180,000 (see Note 7) were assigned to The Maple Gas Corporation. On May 18, 2015, The Maple Gas Corporation converted the notes into 194,999,999 common shares of the Company at $0.01 per share, which resulted in a loss on extinguishment of debt of $975,000. 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 shares were issued subsequent to April 30, 2016 (see Note 14). At April 30, 2016, common stock payable included an obligation of $2,925,000 for the issuance of the shares Transfer and Conversion of Preferred Stock On October 7, 2014, The Company transferred 1,000,000 Preferred Shares (see Note 8) from an unrelated party to Maple Structure Holdings, LLC, a related party. On May 18, 2015, Maple Structure Holdings converted the 1,000,000 Preferred Shares with a book value of $1,000,000 and accrued dividends of $410,685 into 123,283,700 common shares of the Company at $0.01 per share, which resulted in a loss on extinguishment of debt of $438,571. The unamortized discount on the Preferred Shares of $375,600 was charged to interest expense. The issuance of the common shares to Maple Structure Holdings was approved by the Company’s Board of Directors Resolution dated May 18, 2015.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 5 - PROPERTY AND EQUIPMENT	Property and equipment consisted of the following at April 30: 2016 2015 Computer software and hardware $ 25,023 $ 25,023 Less accumulated depreciation and amortization (24,637 ) (22,690 ) $ 386 $ 2,333 Depreciation and amortization expense totaled $1,947 and $5,005 for the years ended April 30, 2016 and 2015, respectively.

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 6 - ACCRUED EXPENSES	Accrued expenses consisted of the following at April 30: 2016 2015 Accrued payroll $ 240,309 $ 1,184,943 Accrued consulting 75,633 1,433,616 Accrued dividend - 410,685 Accrued interest 670,324 485,219 Other 62,541 62,541 $ 1,048,807 $ 3,577,004

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 7 - NOTES PAYABLE	Notes payable, currently in default, consisted of the following at April 30: 2016 2015 Note payable to an unrelated party, maturing July 15, 2010, with interest at 10% 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 $276,477 and $235,227 at April 30, 2016 and 2015, respectively. Convertible notes payable, currently in default, consist of the following at April 30: 2016 2015 Note payable to a related party, 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, converted to common stock in May 2015 $ - $ 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, converted to common stock in May 2015 - 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, converted to common stock in May 2015 - 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% 75,001 75,001 Total 195,001 2,145,001 Less discount - - Net $ 195,001 $ 2,145,001 Accrued interest payable on convertible notes payable, currently in default, totaled $112,058 and $77,630 at April 30, 2016 and 2015, respectively. 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 was 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. 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 were exercisable at an exercise price of $0.30 per common share until August 15, 2015. 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, is currently in default 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 were exercisable at an exercise price of $0.20 per common share on or before three years from the repayment or conversion date. On October 9, 2014, the convertible notes payable in default of $1,650,000, $120,000 and $180,000 were assigned to The Maple Gas Corporation, a related party (see Note 4). On May 8, 2015, The Maple Gas Corporation converted the notes into 194,999,999 common shares of the Company at $0.01 per share, which resulted in a loss on extinguishment of debt of $975,000. 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 W. 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 and was fully amortized as of April 30, 2014.

CONVERTIBLE DEBENTURES

CONVERTIBLE DEBENTURES	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 8 - CONVERTIBLE DEBENTURES	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 William D. Gross, 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 has amortized the discount through the mandatory redemption feature date of March 1, 2016. During the years ended April 30, 2016 and 2015, amortization of debt discount to interest expense totaled $375,600 and $269,572, 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 have been amortized by the effective interest method. The Company recorded amortization of deferred loan costs in the amount of $8,822 and $10,000 for the years ended April 30, 2016 and 2015, respectively. Unpaid dividends payable on the Preferred Stock totaled $0 and $410,685 at April 30, 2016 and 2015, respectively. On October 7, 2014, The Company transferred the 1,000,000 Preferred Shares from Mr. Gross to Maple Structure Holdings, LLC, a related party controlled by Mr. Jack W. Hanks, a director and officer of the Company. On May 18, 2015, Maple Structure Holdings converted the 1,000,000 Preferred Shares with a book value of $1,000,000 and accrued dividends of $410,685 into 123,283,700 common shares of the Company at $0.01 per share, which resulted in a loss on extinguishment of debt of $438,571. The unamortized discount on the Preferred Shares of $375,600 was charged to interest expense. The issuance of the common shares to Maple Structure Holdings was approved by the Company’s Board of Directors Resolution dated May 18, 2015. 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 April 30, 2016 and 2015, the remaining face value of the Preferred Stock was $137,500. Accrued dividends on the Preferred Stock totaled $281,789 and $213,039 as of April 30, 2016 and 2015, respectively. The Company recorded interest expense on all indebtedness, which includes amortization of debt discount on certain debt described above, totaling $213,875 and $543,381 for the years ended April 30, 2016 and 2015, respectively.

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 9 - DERIVATIVE LIABILITIES	In a series of subscription agreements, we have issued warrants that contain certain anti-dilution provisions that we have identified as derivatives. During the year ended April 30, 2016, we had the following activity in our derivative liabilities: Balance, April 30, 2015 $ - Increases in derivative value due to new issuances of notes 1,290,874 Change in fair value of derivative liabilities (895,255 ) Balance, April 30, 2016 $ 395,619 The Company calculated the fair value of the derivatives using a multinomial lattice model simulation. The model is based on a probability weighted discounted cash flow model using projections of the various potential outcomes. Key inputs and assumptions used in valuing the Company’s derivative liabilities are as follows for issuances of warrants: · Stock prices on all measurement dates were based on the fair market value · Risk-free interest rates ranging from 1.03% – 2.49% · The probability of future financing was estimated at 100% · Computed volatility ranging from 103% to 249% These inputs are subject to significant changes from period to period and to management's judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 10 - Stockholders' Deficit	Authorized Shares Pursuant to amendments to its articles of incorporation, the Company increased its authorized shares to 1,000,000,000 common shares and 10,000,000 preferred shares and subsequently increased its authorized common shares to 3,000,000,000 shares. The increase in authorized shares has been given retroactive effect in the accompanying condensed consolidated financial statements for all periods presented. Adjustment to Outstanding Shares During the year ended April 30, 2016, the Company cancelled 40,000 outstanding shares of its common stock, resulting in a decrease to common stock and an increase to additional paid-in capital of $39. Stock Issuances During the year ended April 30, 2016, the Company issued 123,283,700 shares of its common stock to a related party pursuant to the conversion of 1,000,000 Preferred Shares with a book value of $1,000,000 and accrued dividends of $410,685 into 123,283,700 common shares of the Company at $0.01 per share. The common shares issued were valued at $1,849,256, or $0.015 per share, the market price on the date of the conversion, resulting in a loss on extinguishment of debt of $438,571. The Company did not issue any shares of its common stock during the year ended April 30, 2015. Common Stock Payable On May 18, 2015, a related party converted convertible notes payable with a book value of $1,950,000 into 194,999,999 common shares of the Company at $0.01 per share. The common shares issued were valued at $0.015 per share, the market price on the date of the conversion, resulting in a loss on extinguishment of debt of $975,000. The common shares were issued subsequent to April 30, 2016, and common stock payable included $2,925,000 at April 30, 2016 related to this transaction. During the year ended April 30, 2016, the Company completed subscription agreements for common stock and warrants with qualified investors in a private placement for cash of $75,000 and services valued at $13,815. The shares of common stock were issued subsequent to April 30, 2016, and common stock payable included $88,815 at April 30, 2016 related to this transaction. The attached warrants were identified as derivatives, resulting in derivative liabilities of $395,619 at April 30, 2016 (see Note 9). Stock Options On March 7, 2012, the Company issued a total of 2,000,000 stock options exercisable at $0.35 per share for a period of ten years from the date of grant. The Company did not grant any stock options during the year ended April 30, 2016 and 2015. A summary of stock option activity during the years ended April 30, 2016 and 2015 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2014 2,000,000 $ 0.35 7.85 Granted - - Canceled / Expired - - Exercised - - Outstanding, April 30, 2015 2,000,000 $ 0.35 6.85 Granted - - Canceled / Expired - - Exercised - - Outstanding, April 30, 2016 2,000,000 $ 0.35 5.85 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 years ended April 30, 2016 and 2015 related to stock option grants. There was no unrecognized stock option expense at April 30, 2016. Warrants The Company has issued warrants to non-employees for debt discounts or other stock-based compensation. These warrants generally vest upon grant and are valued using the Black-Scholes option pricing model or multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes. During the year ended April 30, 2016, the Company issued warrants to purchase 10,000 shares of common stock to a related party lender. In a series of subscription agreements, during the year ended April 30, 2016, we issued 3,289,192 warrants that contain certain anti-dilution provisions that we have identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes. A summary of warrant activity during the years ended April 30, 2016 and 2015 is presented below: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2014 32,865,345 $ 0.33 1.42 Granted 10,000 $ 0.05 Canceled / Expired - - Exercised - - Outstanding and exercisable, April 30, 2015 32,875,345 $ 0.33 0.42 Granted 3,289,192 $ 0.01 Canceled / Expired (32,865,345 ) $ 0.33 Exercised - - Outstanding and exercisable, April 30, 2016 3,299,192 $ 0.01 5.82 Common Stock Reserved At April 30, 2016, 3,299,192 shares of the Company’s common stock were reserved for issuance of outstanding warrants.

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 11 - 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	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 12 - 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 13 - INCOME TAXES	The Company accounts for income taxes in accordance with standards of disclosure propounded by the FASB, and any related interpretations of those standards sanctioned by the FASB. Accordingly, deferred tax assets and liabilities are determined based on differences between the financial statement and tax bases of assets and liabilities, as well as a consideration of net operating loss and credit carry forwards, using enacted tax rates in effect for the period in which the differences are expected to impact taxable income. A valuation allowance is established, when necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. No provision for income taxes has been recorded due to the net operating loss carryforwards totaling approximately $9,016,475 as of April 30, 2016 that will be offset against future taxable income. The available net operating loss carry forwards of approximately $9,016,475 expire in various years through 2036. No tax benefit has been reported in the financial statements because the Company believes there is a 50% or greater chance the carry forwards will expire unused. There were no uncertain tax positions taken by the Company. The deferred tax asset and valuation account is as follows at April 30: 2016 2015 Deferred tax asset: Net operating loss carryforward $ 3,155,766 $ 3,040,831 Valuation allowance (3,155,766 ) (3,040,831 ) Total $ - $ - The components of income tax expense are as follows for the years ended April 30: 2016 2015 Change in net operating loss benefit $ 114,935 $ 364,761 Change in valuation allowance (114,935 ) (364,761 ) Total $ - $ -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Apr. 30, 2016
Notes to Financial Statements
NOTE 14 - SUBSEQUENT EVENTS	In accordance with ASC 855-10, all subsequent events have been reported through the filing date as set forth below. Amendment of Articles of Incorporation As of November 29, 2016, the Company amended its articles of incorporation to increase its authorized common shares to 3,000,000,000 shares. 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 18, 2015, The Maple Gas Corporation converted the notes into 194,999,999 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 May 2, 2016, the Company issued a total of 194,999,999 shares of its common stock pursuant to the conversion of notes payable in default (see Note 7). Private Placement 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, $118,230 cash and $60,000 in services had been received, including $49,200 cash from related parties, for a total of 41,784,320 common shares of the Company and a total of 43,025,313 warrants. The warrants entitle the investors to purchase common shares at exercise prices of $0.0001 and $0.01 per share through March 1, 2022. Of the common shares issued, 1,096,397 shares were issued in July 2016, 27,740,123 shares were issued in December 2016 and 12,947,500 shares were issued in January 2017. 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, 18,000,000 shares on November 10, 2016, 18,000,000 shares on November 16, 2016, 14,000,000 shares on November 21, 2016, 22,000,000 shares on November 28, 2016, 22,000,000 shares on November 30, 2016, 25,000,000 shares on December 5, 2016, 25,000,000 shares on December 7, 2016, 27,000,000 shares on January 4, 2017, 28,000,000 shares on January 6, 2017, 29,000,000 shares on January 10, 2017 and 30,000,000 shares on January 11, 2017. Other Subsequent Events 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 ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING (POLICIES)	12 Months Ended
	Apr. 30, 2016
Summary Of Significant Accounting Policies Policies
Consolidation	The accompanying consolidated financial statements include the accounts of the Company and its aforementioned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The ownership interests in subsidiaries that are held by owners other than the Company are recorded as non-controlling interest and reported in our consolidated balance sheets within stockholders’ deficit. Losses attributed to the non-controlling interest and to the Company are reported separately in our consolidated statements of operations.
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.
Property and equipment	Property and equipment is recorded at the lower of cost or estimated net recoverable amount, and is depreciated using the straight-line method over the estimated useful life of the related asset as follows: Furniture and fixtures 5 years Machinery and equipment 5 years Software and hardware 5 years Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments will be capitalized. At the time of retirement or other disposition of equipment, the cost and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations. The Company will assess the recoverability of property and equipment by determining whether the depreciation and amortization of these assets over their remaining life can be recovered through projected undiscounted future cash flows. The amount of equipment impairment, if any, will be measured based on fair value and is charged to operations in the period in which such impairment is determined by management.
Derivative liabilities	In a series of subscription agreements, we have issued warrants that contain certain anti-dilution provisions that we have identified as derivatives. We estimate the fair value of the derivatives using multinomial lattice models that value the warrants based on a probability weighted cash flow model using projections of the various potential outcomes. These estimates are based on multiple inputs, including the market price of our stock, interest rates, our stock price volatility and management’s estimates of various potential equity financing transactions. These inputs are subject to significant changes from period to period and to management's judgment; therefore, the estimated fair value of the derivative liabilities will fluctuate from period to period, and the fluctuation may be material.
Fair value of financial instruments	Under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, Financial Instruments, An entity is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in markets that are not active. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Our derivative liabilities are measured at fair value on a recurring basis and estimated as follows at April 30, 2016: Total Level 1 Level 2 Level 3 Derivative liability $ 395,619 $ - $ - $ 395,619
Advertising and promotion	All costs associated with advertising and promoting products are expensed as incurred. No expenses were incurred for the years ended April 30, 2016 and 2015, respectively.
Income taxes	The Company recognizes deferred tax assets and liabilities based on differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that are expected to be in effect when the differences are expected to be recovered. The Company provides a valuation allowance for deferred tax assets for which it does not consider realization of such assets to be more likely than not.
Basic and diluted loss per share	Basic net 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 debt and convertible preferred stock, were exercised or converted into common stock. For the years ended April 30, 2016 and 2015, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share; therefore, basic net loss per share is the same as diluted net loss per share.
Stock-based compensation	The Company adopted FASB guidance on stock based compensation upon inception at April 23, 2009. Under FASB ASC 718-10-30-2, all share-based payments to employees, including grants of employee stock options, are to be recognized in the statement of operations based on their fair values. Pro forma disclosure is no longer an alternative. For the fiscal years ended April 30, 2016 and 2015, the Company did not record any share based compensation to employees.
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 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.
Uncertain tax positions	The Company has adopted FASB standards for accounting for uncertainty in income taxes. These standards prescribe a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. These standards also provide guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Various taxing authorities periodically audit the Company's income tax returns. These audits include questions regarding the Company's tax filing positions, including the timing and amount of deductions and the allocation of income to various tax jurisdictions. In evaluating the exposures connected with these various tax filing positions, including state and local taxes, the Company records allowances for probable exposures. A number of years may elapse before a particular matter, for which an allowance has been established, is audited and fully resolved. The Company has not yet undergone an examination by any taxing authorities. The assessment of the Company's tax position relies on the judgment of management to estimate the exposures associated with the Company's various filing positions.
Reclassifications	Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform with the current year presentation.
Recently issued accounting pronouncements	In October 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-17, “Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control.” This update amends the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (“VIE”) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The primary beneficiary of a VIE is the reporting entity that has a controlling financial interest in a VIE and, therefore, consolidates the VIE. A reporting entity has an indirect interest in a VIE if it has a direct interest in a related party that, in turn, has a direct interest in the VIE. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently unable to determine the impact on its consolidated financial statements of the adoption of this new accounting pronouncement. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This ASU addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. 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 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. 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 AND 22

BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Apr. 30, 2016
Background Organization And Basis Of Presentation Tables
Entity operational details	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

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Apr. 30, 2016
Summary Of Significant Accounting Policies Tables
Estimated useful life of the related assets	Furniture and fixtures 5 years Machinery and equipment 5 years Software and hardware 5 years
Summary of derivative liabilities	Total Level 1 Level 2 Level 3 Derivative liability $ 395,619 $ - $ - $ 395,619

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Apr. 30, 2016
Related Party Transactions Tables
Summary of related party indebtness	Accounts Payable Accounts Payable – Related Party Accrued Expenses Notes Payable Hanks: Accrued compensation $ - $ - $ 883,584 $ - Accounts payable - 8,033 - - Notes payable - - - 39,337 Accrued interest payable - - 5,901 - Lemons: Accrued consulting fees - - 791,315 - Notes payable - - - 63,530 Accrued interest payable - - 9,320 - Katabi: Accounts payable 5,536 - - - Accrued consulting fees - - 375,000 - Notes payable - - - 27,100 Accrued interest payable - - 4,065 - Total $ 5,536 $ 8,033 $ 2,069,185 $ 129,967
Convertible notes payable related party	Note payable to a BNL Family Partners, Ltd., partially owned by Bruce N. Lemons, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share $ 53,530 Note payable to a BNL Family Partners, Ltd., partially owned by Bruce N. Lemons, maturing June 30, 2015, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share 10,000 Note payable to Delavega Trading Ltd., controlled by Nabil Katabi, maturing June 20, 2015, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.25 per share 27,100 Note payable to The Maple Gas Corporation, owned by Jack W. Hanks, with interest at 15%, convertible at the option of the holder into common shares of the Company at a fixed conversion price of $0.025 per share 39,337 Total $ 129,967

PROPERTY AND EQUIPMENTt (Tables

PROPERTY AND EQUIPMENTt (Tables)	12 Months Ended
	Apr. 30, 2016
Property And Equipment Tables
Property and Equipment	2016 2015 Computer software and hardware $ 25,023 $ 25,023 Less accumulated depreciation and amortization (24,637 ) (22,690 ) $ 386 $ 2,333

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Apr. 30, 2016
Accrued Expenses Tables
Accrued expenses	2016 2015 Accrued payroll $ 240,309 $ 1,184,943 Accrued consulting 75,633 1,433,616 Accrued dividend - 410,685 Accrued interest 670,324 485,219 Other 62,541 62,541 $ 1,048,807 $ 3,577,004

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Apr. 30, 2016
Income Taxes Tables
Notes payable, currently in default	2016 2015 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
Convertible notes payable, currently in default	2016 2015 Note payable to a related party, 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, converted to common stock in May 2015 $ - $ 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, converted to common stock in May 2015 - 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, converted to common stock in May 2015 - 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% 75,001 75,001 Total 195,001 2,145,001 Less discount - - Net $ 195,001 $ 2,145,001

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	12 Months Ended
	Apr. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	Balance, April 30, 2015 $ - Increases in derivative value due to new issuances of notes 1,290,874 Change in fair value of derivative liabilities (895,255 ) Balance, April 30, 2016 $ 395,619

STOCKHOLDERS DEFICIT (Tables)

STOCKHOLDERS DEFICIT (Tables)	12 Months Ended
	Apr. 30, 2016
Changes In Stockholders Equity Deficit Tables
Summary of stock option activity	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2014 2,000,000 $ 0.35 7.85 Granted - - Canceled / Expired - - Exercised - - Outstanding, April 30, 2015 2,000,000 $ 0.35 6.85 Granted - - Canceled / Expired - - Exercised - - Outstanding, April 30, 2016 2,000,000 $ 0.35 5.85
Summary of warrant activity	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Outstanding, April 30, 2014 32,865,345 $ 0.33 1.42 Granted 10,000 $ 0.05 Canceled / Expired - - Exercised - - Outstanding and exercisable, April 30, 2015 32,875,345 $ 0.33 0.42 Granted 3,289,192 $ 0.01 Canceled / Expired (32,865,345 ) $ 0.33 Exercised - - Outstanding and exercisable, April 30, 2016 3,299,192 $ 0.01 5.82

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Apr. 30, 2016
IncomeTaxesTableAbstract
Summary of deferred tax asset	2016 2015 Deferred tax asset: Net operating loss carryforward $ 3,155,766 $ 3,040,831 Valuation allowance (3,155,766 ) (3,040,831 ) Total $ - $ -
Summary of components of income tax	2016 2015 Change in net operating loss benefit $ 114,935 $ 364,761 Change in valuation allowance (114,935 ) (364,761 ) Total $ - $ -

BACKGROUND, ORGANIZATION AND 31

BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Details)	12 Months Ended
	Apr. 30, 2016
Mcc Merger Inc [Member]
Ownership Percentage	100%
Form of Entity	Corporation
State of Incorporation	Delaware
Relationship	Holding Subsidiary
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 Isles
Relationship	Subsidiary
Armadillo Mining Corp [Member]
Ownership Percentage	98.6%
Form of Entity	Corporation
State of Incorporation	British Virgin Isles
Relationship	Subsidiary
Mmex Resources Corporation [Member]
Ownership Percentage	-
Form of Entity	Corporation
State of Incorporation	Nevada
Relationship	Parent

BACKGROUND, ORGANIZATION AND 32

BACKGROUND, ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative) - shares	Apr. 30, 2016	Apr. 06, 2016	Apr. 30, 2015
Background Organization And Basis Of Presentation Details Narrative
Common stock, authorized	3,000,000,000	1,000,000,000	3,000,000,000
Preferred stock, authorized		10,000,000

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Apr. 30, 2016
Furniture And Fixtures [Member]
Estimated useful life of the related asset	5 years
Machinery And Equipment [Member]
Estimated useful life of the related asset	5 years
Software And Hardware [Member]
Estimated useful life of the related asset	5 years

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Apr. 30, 2016USD ($)
Level 1 [Member]
Derivative liability	$ 395,619
Level 2 [Member]
Derivative liability
Level 3 [Member]
Derivative liability	$ 395,619

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Going Concern Details Narrative
Accumulated deficit	$ (30,155,127)	$ (27,633,112)
Total Stockholders' Deficit	$ (2,801,699)	$ (7,645,306)

Related Party Transactions (Det

Related Party Transactions (Details)	Apr. 30, 2016USD ($)
Accounts Payable	$ 5,536
Accounts Payable Related Party	8,033
Accrued Expenses	2,069,185
Notes Payable	129,967
Accrued Compensation [Member] | Hanks [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	883,584
Notes Payable
Accounts Payable [Member] | Hanks [Member]
Accounts Payable
Accounts Payable Related Party	8,033
Accrued Expenses
Notes Payable
Accounts Payable [Member] | Katabi [Member]
Accounts Payable	5,536
Accounts Payable Related Party
Accrued Expenses
Notes Payable
Notes Payable [Member] | Hanks [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses
Notes Payable	39,337
Notes Payable [Member] | Lemons [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses
Notes Payable	63,530
Notes Payable [Member] | Katabi [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses
Notes Payable	27,100
Accrued Interest Payable [Member] | Hanks [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	5,901
Notes Payable
Accrued Interest Payable [Member] | Lemons [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	9,320
Notes Payable
Accrued Interest Payable [Member] | Katabi [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	4,065
Notes Payable
Accrued Consulting Fees [Member] | Lemons [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	791,315
Notes Payable
Accrued Consulting Fees [Member] | Katabi [Member]
Accounts Payable
Accounts Payable Related Party
Accrued Expenses	375,000
Notes Payable

Related Party Transactions (D37

Related Party Transactions (Details 1)	Apr. 30, 2015USD ($)
Total	$ 129,967
Note payable to BNL Family Partners, LLC [Member]
Total	53,530
Note payable to BNL Family Partners, LLC One [Member]
Total	10,000
Note payable to Delavega Trading Ltd [Member]
Total	27,100
Note payable to Maple Gas Corporation [Member]
Total	$ 39,337

Related Party Transactions (D38

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Oct. 07, 2015	May 18, 2015	Oct. 09, 2014	Jun. 20, 2014	Apr. 30, 2014	Dec. 17, 2012	Sep. 15, 2012	Aug. 01, 2012	Sep. 04, 2010
Reimbursed amount outstanding	$ 31,633	$ 31,633
Accrued expenses - related party	64,420	2,389,957
Amortization of the debt discount	$ 375,617	269,668
Capital contribution		$ 2,212,721
Common stock shares	180,432,013	57,188,313
Unamortized debt discount preferred shares	$ 0	$ 17
Jack W. Hanks [Member]
Annual compensation											$ 300,000
Lemons [Member]
Annual compensation											$ 170,000
Delavega Trading Ltd. Convertible Notes [Member]
Balance of debt discount								$ 1,300		$ 2,600
Convertible note	$ 27,100							$ 6,500		$ 13,000
Interest rate								20.00%		20.00%
Convertible note per share	$ 0.025							$ 0.20		$ 0.20
Promissory notes	$ 1,000,000
Common stock warrant								$ 6,500		$ 13,000
Warrants valued								$ 549		$ 1,292
Exercise price of warrant								$ 0.30		$ 0.30
Note payable to BNL Family Partners, LLC [Member]
Amortization of the debt discount	17	$ 97
Balance of debt discount									$ 900
Convertible note	$ 53,530					$ 10,000			$ 4,500
Interest rate						15.00%			20.00%
Convertible note per share	$ 0.025					$ 0.025			$ 0.20
Promissory notes	$ 1,000,000								$ 150,000
Common stock warrant						$ 10,000			4,500
Warrants valued						$ 114			$ 800
Exercise price of warrant						$ 0.05			$ 0.30
Maple Gas Advances [Member]
Convertible note				$ 975,000	$ 1,650,000		$ 39,337
Interest rate							15.00%
Convertible note per share				$ 0.01			$ 0.025
Promissory notes							$ 1,000,000
Common stock warrant	$ 2,925,000
Common stock shares				194,999,999
Maple Gas Advances One [Member]
Convertible note					120,000
Maple Gas Advances Two [Member]
Convertible note					$ 180,000
Transfer and Conversion of Preferred Stock [Member]
Accrued dividends				$ 410,685
Convertible note per share				$ 0.01
Promissory notes				$ 1,000,000
Common stock shares			1,000,000	123,283,700
Unamortized debt discount preferred shares				$ 375,600

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Property And Equipment Details
Computer software and hardware	$ 25,023	$ 25,023
Less accumulated depreciation and amortization	(24,637)	(22,690)
Property and equipment, net	$ 386	$ 2,333

Property and Equipment (Detai40

Property and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Property And Equipment Details Narrative
Depreciation and amortization	$ 1,947	$ 5,005

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Total Accrued Expenses	$ 1,048,807	$ 3,577,004
Accrued Payroll [Member]
Total Accrued Expenses	240,309	1,184,943
Accrued Consulting [Member]
Total Accrued Expenses	75,633	1,433,616
Accrued Dividend [Member]
Total Accrued Expenses		410,685
Accrued Interest [Member]
Total Accrued Expenses	670,324	485,219
Other [Member]
Total Accrued Expenses	$ 62,541	$ 62,541

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Notes payable	$ 375,000	$ 375,000
Note Payable [Member]
Notes payable	300,000	300,000
Note payable One [Member]
Notes payable	25,000	25,000
Note payable Two [Member]
Notes payable	$ 50,000	$ 50,000

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Total	$ 195,001	$ 2,145,001
Less discount
Net	195,001	2,145,001
Convertible Notes Payable [Member]
Total		1,650,000
Convertible Notes Payable One [Member]
Total		120,000
Convertible Notes Payable Two [Member]
Total		180,000
Convertible Notes Payable Three [Member]
Total	120,000	120,000
Convertible Notes Payable Four [Member]
Total	$ 75,001	$ 75,001

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	Jan. 02, 2015	Feb. 01, 2013	Aug. 15, 2012	Apr. 25, 2012	Apr. 30, 2016	May 08, 2015	Apr. 30, 2015	Oct. 09, 2014
Common stock, par value					$ 0.001		$ 0.001
Convertible Notes Payable [Member]
Accrued interest					$ 112,058		$ 77,630	$ 1,650,000
New notes issued	120,000	150,000	100,000	1,500,000
Note due date	Mar. 1, 2013	Feb. 1, 2014	Oct. 31, 2013	Jul. 31, 2013
Note interest rste	1.87%	20.00%		10.00%
Computed interest		$ 30,000	$ 20,000	$ 150,000
Conversion price		$ 0.20	$ 0.20	$ 0.20		$ 0.01
Placement fees			20.00%
Warrent issued		150,000	120,000
Warrent issued value		$ 16,103	$ 14,232
Increase to debt discount	$ 30,000	$ 16,103	$ 14,232
Warrent exercise price		$ 0.20	$ 0.30
Converted notes into shares						194,999,999
loss on extinguishment of debt						$ 975,000
Issue of shares	300,000
Note secured by common stock	900,000
Common stock, par value	$ 0.10
Convertible Notes Payable One [Member]
Accrued interest								120,000
Convertible Notes Payable Two [Member]
Accrued interest								$ 180,000
Note Payable [Member]
Accrued interest					$ 276,477		$ 235,227

CONVERTIBLE DEBENTURES (Details

CONVERTIBLE DEBENTURES (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Mar. 01, 2016	May 18, 2015	Oct. 07, 2014	Jan. 06, 2012	Jun. 30, 2011	Mar. 22, 2011
Amortization of debt discounts	$ 375,617	$ 269,668
Interest expense	529,474	543,381
Convertible Preferred Stock [Member]
Share issued							360,000
Investment							$ 360,000
Conversion price						$ 0.10475	$ 1.25
Preferred Stock dividend rate							25.00%
Warrent issued							360,000
Common stock exercise price							$ 0.60
Remaining face value of Preferred Stock	137,500						$ 137,500
Accrued dividends	281,789	213,039				$ 312,500	$ 195,851
Accrued dividend converted into common shares						2,983,293
loss on extinguishment of debt						$ 75,328
Interest expense	213,875	543,381
Preferred Stock - Mandatory Redemption Right [Member]
Share issued								1,000,000
Investment								$ 1,000,000
Conversion price				$ 0.01				$ 0.40
Preferred Stock dividend rate								10.00%
liquidation value per share								$ 1
Beneficial conversion			$ 1,000,000
Preferred Shares transferred				1,000,000	1,000,000
Preferred Shares transferred value				$ 1,000,000
Amortization of debt discounts	$ 375,600	269,572
Collateralized security interest in investment	2,500,000
Cost of Debt	$ 50,000
Amortization on loan costs	8,822	10,000
Unpaid dividends payable	$ 0	$ 410,685
Accrued dividends				$ 410,685
Accrued dividend converted into common shares				123,283,700
loss on extinguishment of debt				$ 438,571
Unamortized discount				$ 375,600

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details)	12 Months Ended
	Apr. 30, 2016USD ($)
Notes to Financial Statements
Derivative liabilities
Increases in derivative value due to new issuances of notes	1,290,874
Change in fair value of derivative liabilities	(895,255)
Derivative liabilities	$ 395,619

DERIVATIVE LIABILITIES (Detai47

DERIVATIVE LIABILITIES (Details Narrative)	12 Months Ended
	Apr. 30, 2016
Probability of future financing	100.00%
Minimum [Member]
Risk-free interest rates	1.03%
Volatility	103.00%
Maximum [Member]
Risk-free interest rates	2.49%
Volatility	249.00%

STOCKHOLDERS_ DEFICIT (Details)

STOCKHOLDERS’ DEFICIT (Details) - $ / shares	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Number of options
Beginning Balance	2,000,000	2,000,000
Granted
Canceled / Expired
Exercised
Ending Balance	2,000,000	2,000,000
Weighted Average Exercise Price Per share
Beginning Balance	$ 0.35	$ 0.35
Granted
Canceled / Expired
Exercised
Ending Balance	$ 0.35	$ 0.35
Weighted Average Remaining Contractual Life (in years) Beginning		7 years 10 months 6 days

STOCKHOLDERS_ DEFICIT (Details

STOCKHOLDERS’ DEFICIT (Details 1) - $ / shares	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Number of warrants
Beginning Balance	2,000,000	2,000,000
Granted
Canceled / Expired
Exercised
Ending Balance	2,000,000	2,000,000
Weighted Average Exercise Price Per Share
Beginning Balance	$ 0.35	$ 0.35
Granted
Canceled / Expired
Exercised
Ending Balance	$ 0.35	$ 0.35
Weighted Average Remaining Contractual Life (in years) Beginning		7 years 10 months 6 days
Warrants [Member]
Number of warrants
Beginning Balance	32,875,345	32,865,345
Granted	3,289,192	10,000
Canceled / Expired	(32,865,345)
Exercised
Ending Balance	3,299,192	32,875,345
Weighted Average Exercise Price Per Share
Beginning Balance	$ 0.33	$ 0.33
Granted	0.01	0.05
Canceled / Expired	0.33
Exercised
Ending Balance	$ 0.01	$ 0.33
Weighted Average Remaining Contractual Life (in years) Beginning	5 months 1 day	1 year 5 months 1 day
Weighted Average Remaining Contractual Life (in years) Outstanding Ending	5 years 9 months 26 days

STOCKHOLDERS_ DEFICIT (Detail50

STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 06, 2016	May 18, 2015	Apr. 30, 2015	Apr. 30, 2014	Mar. 07, 2012
Common stock, Issued	180,432,013			57,188,313
Common stock, Authorized	3,000,000,000	1,000,000,000		3,000,000,000
Common stock value	$ 180,434			$ 57,189
Common stock, par value	$ 0.001			$ 0.001
Convertible notes payable				$ 129,967
Common stock payable	$ 3,395,483			$ 90,000
Common stock warrants	10,000
Number of options	2,000,000			2,000,000	2,000,000	2,000,000
Stock options exercisable	$ 0.35			$ 0.35	$ 0.35	$ 0.35
Anti-dilution provisions	3,289,192
Common stock reserved	3,299,192
Derivative liabilities	$ 395,619
Cancellation of common stock	40,000
Increase in additional paid-in capital	$ 39
Common Stock Payable [Member]
Conversion price per shares			$ 0.01
Market Price per share			$ 0.015
Loss on extinguishment of debt			$ 975,000
Convertible notes payable			$ 1,950,000
Convertible notes payable into shares			194,999,999
Common stock payable	2,925,000
Common stock and warrants cash	75,000
Common stock and warrants services	13,815
Common stock payable related to warrent	88,815
Derivative liabilities	$ 395,619
Stock Issuances [Member]
Common stock, Issued	123,283,700
Preferred Shares conversion	1,000,000
Preferred Shares conversion value	$ 1,000,000
Accrued dividends	$ 410,685
Accrued dividends conversion shares	123,283,700
Conversion price per shares	$ 0.01
Common stock value	$ 1,849,256
Common stock, par value	$ 0.015
Loss on extinguishment of debt	$ 438,571
Authorized Shares [Member]
Common stock, Authorized	3,000,000,000

NON-CONTROLLING INTERESTS (Deta

NON-CONTROLLING INTERESTS (Details Narrative) - shares	Dec. 21, 2010	Sep. 23, 2010	Mar. 22, 2010
AHGC [Member]
Controling interest	100.00%	98.12%
Non-controlling interest	1.88%
Exchange shares	31,334
Acquired of AMC			14.60%
Additional interest			4.00%
Total interest			98.60%
MCCH [Member]
Controling interest		100.00%
MCC [Member]
Controling interest		80.00%
CC [Member]
Controling interest		95.00%
AMC [Member]
Controling interest		80.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Apr. 26, 2010USD ($)
Commitments And Contingencies Details Narrative
Minimum lease payment	$ 62,541

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015
Deferred tax asset:
Net operating loss carryforward	$ 3,155,766	$ 3,040,831
Valuation allowance	(3,155,766)	(3,040,831)
Total

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
The components of income tax expense are as follows:
Change in net operating loss benefit	$ 114,935	$ 364,761
Change in valuation allowance	(114,935)	(364,761)
Total

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Apr. 30, 2016USD ($)
Income Taxes Details Narrative
Net operating loss carryforwards	$ 9,016,475
Net operating loss carryforwards expire year	Various years through 2036.
Available net operating loss carry forwards	$ 9,016,475

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 31, 2017	Jan. 13, 2017	Jan. 11, 2017	Jan. 10, 2017	Jan. 06, 2017	Jan. 04, 2017	Dec. 31, 2016	Dec. 07, 2016	Dec. 05, 2016	Nov. 30, 2016	Nov. 29, 2016	Nov. 28, 2016	Nov. 21, 2016	Nov. 16, 2016	Nov. 10, 2016	Nov. 04, 2016	Nov. 03, 2016	Oct. 31, 2016	Oct. 28, 2016	Jul. 31, 2016	May 02, 2016	Apr. 30, 2016	Apr. 06, 2016	May 18, 2015	May 08, 2015	Apr. 30, 2015	Oct. 09, 2014	Apr. 30, 2014	Feb. 01, 2013	Aug. 15, 2012	Apr. 25, 2012
Common stock, Authorized																						3,000,000,000	1,000,000,000			3,000,000,000
Convertible notes payable																						$ 195,001				$ 2,145,001
Cash																						1,030				141		$ 434
Convertible Notes Payable [Member]
Convertible notes payable																										1,650,000
Converted notes into shares																									194,999,999
Conversion price																									$ 0.01				$ 0.20	$ 0.20	$ 0.20
Accrued interest																						112,058				77,630	$ 1,650,000
Convertible Notes Payable Two [Member]
Convertible notes payable																										180,000
Accrued interest																											180,000
Convertible Notes Payable One [Member]
Convertible notes payable																										$ 120,000
Accrued interest																											$ 120,000
Subsequent Event [Member] | Convertible Notes Payable [Member]
Converted notes into shares																								195,000,000
Conversion price																					$ 0.01			$ 0.01
Convertible notes payable into shares																					194,999,999
Subsequent Event [Member] | Settlement Agreement and Stipulation [Member]
Payables																		$ 46,150	$ 109,391
Common Stock issued as a settlement fee																		7,000,000
Company’s creditors received																		$ 84,782
Common stock issued to RCP			30,000,000	29,000,000	28,000,000	27,000,000		25,000,000	25,000,000	22,000,000		22,000,000	14,000,000	18,000,000	18,000,000	15,000,000	10,000,000
Subsequent Event [Member] | Amendment of Articles of Incorporation [Member]
Common stock, Authorized											3,000,000,000
Subsequent Event [Member] | Private Placement [Member]
Cash		$ 118,230
Services		60,000
Cash from related party		$ 49,200
Common shares	12,947,500	41,784,320					27,740,123													1,096,397
Warrants		43,025,313
Subsequent Event [Member] | Private Placement [Member] | Minimum [Member]
Common shares exercise price		$ 0.0001
Subsequent Event [Member] | Private Placement [Member] | Maximum [Member]
Common shares exercise price		$ 0.01