Defense Technologies International (DTII) 10-Q 15 Dec 16 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2016	Dec. 15, 2016
Document and Entity Information:
Entity Registrant Name	DEFENSE TECHNOLOGIES INTERNATIONAL CORP.
Document Type	10-Q
Document Period End Date	Oct. 31, 2016
Trading Symbol	cgcc
Amendment Flag	false
Entity Central Index Key	1,533,357
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding		30,576,056
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	May 27, 1998

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Current assets:
Cash	$ 42	$ 23
Prepaid expenses	4,000	18,169
Total current assets	4,042	18,192
License agreement	378,600
Total assets	382,642	18,192
Current liabilities:
Accounts payable	281,987	150,362
Accrued license agreement payments	378,600
Accrued interest and fees payable	26,700	63,979
Accrued interest payable - related parties	21,197	17,846
Convertible notes payable, net of discount	449,915	63,486
Convertible notes payable - related parties	57,050	57,050
Notes payable - related parties	79,656	79,656
Derivative liabilities	303,635	2,081,931
Payables - related parties	631,654	565,459
Total current liabilities	2,230,364	3,079,769
Total liabilities	2,230,364	3,079,769
Commitments and Contingencies
Stockholders' deficit:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 1,100,000 shares issued and outstanding, respectively	110	110
Common stock, $0.0001 par value; 200,000,000 shares authorized, 26,576,056 and 21,249,676 shares issued and outstanding, respectively	2,658	2,125
Additional paid-in capital	2,435,108	1,447,968
Accumulated deficit	(4,285,598)	(4,511,780)
Total stockholders' deficit	(1,847,722)	(3,061,577)
Total liabilities and stockholders' deficit	$ 382,642	$ 18,192

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Oct. 31, 2016	Apr. 30, 2016
CONSOLIDATED BALANCE SHEETS PARENTHETICAL
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock shares authorized	20,000,000	20,000,000
Preferred stock shares issued	1,100,000	1,100,000
Preferred stock shares outstanding	1,100,000	1,100,000
Common stock par value	$ 0.0001	$ 0.0001
Common stock shares authorized	200,000,000	200,000,000
Common stock shares issued	26,576,056	21,249,676
Common stock shares outstanding	26,576,056	21,249,676

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue
Expenses:
General and administrative	290,008	45,690	968,346	117,161
Exploration costs	1,452	1,725	1,452	3,375
Total expenses	291,460	47,415	969,798	120,536
Loss from operations	(291,460)	(47,415)	(969,798)	(120,536)
Other income (expense):
Interest expense	(133,466)	(62,006)	(438,361)	(90,420)
Gain (loss) on derivative liability	(174,907)	(70,567)	1,323,152	(144,941)
Gain on extinguishment of debt	(189,786)	92,712	311,189	155,459
Total other income (expense)	(118,587)	(39,861)	1,195,980	(79,902)
Income (loss) before income taxes	(410,047)	(87,276)	226,182	(200,438)
Provision for income taxes
Net income (loss)	$ (410,047)	$ (87,276)	$ 226,182	$ (200,438)
Net income (loss) per common share:
Net income (loss) per common share: Basic	$ (0.02)		$ 0.01	$ (0.01)
Net income (loss) per common share: Diluted	$ (0.02)		$ 0.01	$ (0.01)
Weighted average common shares outstanding:
Weighted average common shares outstanding: Basic	26,922,578	21,049,682	25,009,972	20,988,445
Weighted average common shares outstanding: Diluted	26,922,578	21,049,682	32,165,511	20,988,445

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ 226,182	$ (200,438)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Common shares issued for services	570,110
Stock options issued for services	9,056
Imputed interest on convertible notes payable	1,125	1,125
Amortization of debt discount to interest expense	409,296	16,585
Debt extension penalty added to note principal	5,000
(Gain) loss on derivative liability	(1,323,152)	144,941
(Gain) on extinguishment of debt	(311,189)	(155,459)
Change in operating assets and liabilities:
Increase in prepaid expenses	(2,125)	(5,642)
Increase in accounts payable	67,284	49,130
Decrease in accrued interest and fees payable	(15,310)	(1,169)
Increase in accrued interest payable - related parties	3,351	3,351
Increase in payables - related parties	66,195	191,379
Net cash provided by (used in) operating activities	(294,177)	43,803
Cash flows from investing activities:
Net cash provided by investing activities
Cash flows from financing activities:
Proceeds from convertible notes payable	423,590
Repayment of convertible notes payable	(117,894)	(43,986)
Payment of debt issuance costs	(11,500)
Net cash provided by (used in) financing activities	294,196	(43,986)
Net increase (decrease) in cash	19	(183)
Cash at beginning of period	23	$ 183
Cash at end of period	$ 42

1. Nature of Operations and Con

1. Nature of Operations and Continuation of Business	6 Months Ended
	Oct. 31, 2016
Notes
1. Nature of Operations and Continuation of Business	1. Nature of Operations and Rescission of DTC Agreement Defense Technologies International Corp. (the "Company ") was incorporated in the State of Delaware on May 27, 1998. Effective June 15, 2016, the Company changed its name to Defense Technologies International Corp. from Canyon Gold Corp. to more fully represent the Company's expansion goals into the advanced technology sector. Effective July 15, 2016, the Company executed documents intended to finalize the acquisition of 100% of Defense Technology Corporation, a privately held Colorado company ("DTC"), a developer of defense, detection and protection products to improve security for Anchor schools and other public facilities. DTC has informed us that it is unable to complete the required financial statements. Accordingly, the Company will not be able to consolidate DTC's financial statements into its audited financial statements. After a thorough review of the situation and discussions with DTC, we have mutually agreed to rescind the acquisition of DTC and entered into a Rescission Agreement and Mutual Release (the “Rescission Agreement”), dated October 17, 2016. In connection with the Rescission Agreement with the Company, DTC rescinded its agreement with the inventor and developer of the technology and assets that were subject to the original agreement between the Company and DTC. On October 19, 2016, the Company entered into a new Definitive Agreement with Controlled Capture Systems, LLC (“CCS”), representing the inventor of the technology and assets previously acquired by DTC, that included a new exclusive Patent License Agreement and Independent Contractor agreement. Under the license agreement with CCS, the Company acquired the world-wide exclusive rights and privileges to the CCS security technology, patents, products and improvements. The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties as defined in the Definitive Agreement. See Note 3. Going Concern These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern. Through October 31, 2016, the Company has no revenues, has accumulated losses of $4,285,598 and a working capital deficit of $2,226,322 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company’s ability to continue as a going concern. Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2017 by issuing debt and equity securities and by the continued support of its related parties (see Note 4). The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. There is no assurance that funding will be available to continue the Company’s business operations.

2. Basis of Presentation and Su

2. Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2016
Notes
2. Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The Company’s fiscal year end is April 30. The interim condensed consolidated financial statements have been prepared without audit in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q. They do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended April 30, 2016 included in its Annual Report on Form 10-K filed with the SEC. The interim condensed consolidated financial statements included herein are unaudited; however, they contain all normal recurring accruals and adjustments that, in the opinion of management, are necessary to present fairly the Company’s consolidated financial position as of October 31, 2016, the consolidated results of its operations for the three and six months ended October 31, 2016 and 2015 and its consolidated cash flows for the six months ended October 31, 2016 and 2015. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full fiscal year. Consolidation These condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Long Canyon Gold Resources Corp. All inter-company transactions and balances have been eliminated. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Net Income (Loss) per Common Share Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of October 31, 2016, the Company had 10,577,860 potential shares issuable under outstanding options, warrants and convertible debt. The common shares used in the computation of our basic and diluted net income (loss) per share are reconciled as follows: Three Months Ended October 31, Six Months Ended October 31, 2016 2015 2016 2015 Weighted average number of shares outstanding - basic 26,922,578 21,049,682 25,009,972 20,988,445 Dilutive effect of convertible debt - - 155,539 - Weighted average number of shares outstanding - diluted 26,922,578 21,049,682 32,165,511 20,988,445 During the three months ended October 31, 2016 and 2015, 9,277,860 and 2,365,098 shares issuable upon exercise of convertible debt, respectively, were excluded from the above calculation due to anti-dilution. For the six months ended October 31, 2015, 2,365,098 shares issuable upon exercise of convertible debt were excluded from the above calculation due to anti-dilution. Reclassifications Certain amounts in the 2015 condensed consolidated financial statements have been reclassified to conform with the current year presentation.

3. License Agreement

3. License Agreement	6 Months Ended
	Oct. 31, 2016
Notes
3. License Agreement	3. License Agreement As discussed in Note 1, the Company rescinded its agreement to acquire DTC, and on October 19, 2016, the Company entered into a Definitive Agreement with CCS that included an exclusive Patent License Agreement (“License Agreement”) and Independent Contractor Agreement. Under the License Agreement, CCS granted to the Company an exclusive world-wide license to the assets comprising the technology and products of the defense, detection and protection security products invented and developed by the inventor and CCS. The term of the License Agreement shall be from October 19, 2016 until the expiration of the last to expire of the licensed issued patents or patents to be issued. The Company agreed to pay CCS an initial licensing fee of $25,000 and to pay ongoing royalties at the end of each six-month period at the rate of the greater of 5% of gross sales used or sold, or the minimum royalty payment of $25,000. The Company also agreed to compensate investors that have provided funding for the development of CCS’s technology with 4,000,000 shares of the Company’s common stock. Additionally, CCS will be entitled to receive 250,000 shares of the Company’s common stock upon completed sales of 1,000 passive scanner units based on the CCS technology. The Independent Contractor Agreement between the Company and CCS provides that CCS will provide support for the development of the security technology and products. An initial payment of $5,000 is to be paid to CCS plus ongoing hourly compensation for services provided. The Company has capitalized the costs to acquire the License Agreement, including the $25,000 initial licensing fee and the estimated value of the 4,000,000 shares of common stock to be issued to the CCS investors of $353,600, which is based on the closing market price of the Company’s common stock on the date of the Definitive Agreement. The Company has recorded a current liability of $378,600 for these obligations in its consolidated balance sheet as of October 31, 2016. Once sales of products based on the CCS technology begin, the Company will amortize the capitalized costs over the estimated life of the license agreement as determined by the legal life of patents issued.

4. Related Party Transactions a

4. Related Party Transactions and Balances	6 Months Ended
	Oct. 31, 2016
Notes
4. Related Party Transactions and Balances	4. Related Party Transactions and Balances Management and administrative services are currently compensated as per a Service Agreement between the Company and its Chief Executive Officer and Director executed on April 25, 2016, a Service Agreement between the Company and a Director executed on May 20, 2016, and an Administration Agreement with a related party executed on March 15, 2011 and renewed on May 1, 2015, whereby the fee is based on services provided and invoiced by the related parties on a monthly basis and the fees are paid in cash when possible or with common stock. The Company also, from time to time, has some of its expenses paid by related parties with the intent to repay. These types of transactions, when incurred, result in payables to related parties in the Company’s consolidated financial statements as a necessary part of funding the Company’s operations. As of October 31, 2016, and April 30, 2016, the Company had payable balances due to related parties totaling $631,654 and $565,459, respectively, which resulted from transactions with these related parties and other significant shareholders. Convertible notes payable – related parties consisted of the following at: October 31, 2016 April 30, 2016 Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum $ 25,000 $ 25,000 Note payable to related party, interest at 6%, convertible into common stock of the Company at $0.10 per share 32,050 32,050 $ 57,050 $ 57,050 Convertible notes payable – related parties issued prior to the fiscal year ended April 30, 2014 were convertible 30 days from the first day the Company’s common shares are qualified for trading on the OTC Bulletin Board, which occurred in November 2012. As of October 31, 2016, the convertible note payable – related party of $25,000 had not been converted and therefore is in default. Notes payable – related parties are currently in default and consisted of the following at: October 31, 2016 April 30, 2016 Note payable to related party, with interest at 6% per annum, due September 15, 2013 $ 24,656 $ 24,656 Note payable to related party, with interest at 6% per annum, due March 8, 2014 7,500 7,500 Note payable to related party, with interest at 6% per annum, due December 5, 2013 47,500 47,500 $ 79,656 $ 79,656 Accrued interest payable – related parties was $21,197 and $17,846 at October 31, 2016 and April 30, 2016, respectively. The Company issued 350,000 of its common shares, valued at $105,000, in May 2016, and 350,000 of its common shares, valued at $57,750, in August 2016 to its Chief Executive Officer pursuant to his Service Agreement. The Company issued 250,000 of its common shares, valued at $112,500, in August 2016 to a Director.

5. Convertible Notes Payable

5. Convertible Notes Payable	6 Months Ended
	Oct. 31, 2016
Notes
5. Convertible Notes Payable	5. Convertible Notes Payable Convertible notes payable consisted of the following at: October 31, 2016 April 30, 2016 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand $ 11,000 $ 11,000 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 9,000 9,000 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 91,150 141,150 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 14,500 14,500 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 20,000 20,000 Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 17,000 17,000 Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 53,650 - Note payable to institutional investor, with interest at 10% per annum, convertible into common stock of the Company at a defined conversion price 25,000 - Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at a fixed conversion price of $0.25 per share 200,000 - Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.10 per share 23,750 - Note payable to institutional investor, with interest at 12% per annum, convertible into common stock of the Company at a defined conversion price 25,000 - Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at a defined conversion price 37,000 - Note payable to institutional investor, with interest at 9% per annum, convertible after 180 days into common stock of the Company at a defined conversion price 35,000 - Note payable to instititional investor, with interest at 9% per annum, convertible after 180 days into common stock of the Company at a defined conversion price. 40,000 Advances combined in note payable in November 2016 4,190 - Note payable to institutional investor repaid in August 2016 - 41,000 Note payable to institutional investor repaid in July 2016 - 55,500 Note payable to institutional investor repaid in July 2016 - 39,000 Total 606,240 348,150 Less discount (156,325) (284,664) $ 449,915 $ 63,486 On April 30, 2016, the convertible notes payable with principal balances of $11,000, $9,000, $141,150, $14,500 and $20,000 were amended to establish a conversion price of $0.05 per share, interest at 6% retroactive to the original issuance date of the notes, and a conversion date of 90 days from demand of the lender. The amendments were determined to be extinguishments of the prior debt and the issuance of new debt in accordance with ASC 470-50, Debt – Modifications and Extinguishments On March 10, 2016, the Company entered into a convertible promissory note for $17,000, which bears interest at an annual rate of 6% and is convertible into shares of the Company’s common stock at $0.05 per share. The Company recorded a debt discount and a beneficial conversion feature of $17,000 at the inception of the note. On February 4, 2016, the Company entered into a convertible promissory note with an institutional investor for $41,000, which matures on February 4, 2017. The investor had the right, after the first 180 days of the note, to convert the note and accrued interest in whole or in part into shares of the common stock of the Company at a price per share equal to 60% (representing a discount rate of 40%) of the lowest bid price of the Company's common stock during the 60 consecutive trading days immediately preceding the date of the conversion notice. At the inception of the convertible note to institutional investor, the Company paid debt issuance costs of $2,500, and recorded a debt discount of $41,000, including an original issue discount of $3,500, a derivative liability of $78,034 related to the conversion feature, and a loss on derivative liability of $40,534. Interest expense for the amortization of the debt discount was calculated on a straight-line basis over the life of the convertible note. The note was repaid in August 2016. On June 8, 2016, the Company entered into a convertible promissory note with an institutional investor for $25,000, which bears interest at an annual rate of 10% and matures on December 9, 2016. The note holder has the right, after a period of 180 days of the note, to convert the note and accrued interest into shares of the common stock of the Company at a discounted price per share equal to 50% to 65% of the market price of the Company’s common stock, depending upon the stock’s liquidity as determined by the note holder’s broker. At the inception of the convertible note, the Company paid debt issuance costs of $2,500, recorded a debt discount of $22,500, and recorded a derivative liability of $51,553 related to the conversion feature, and a loss on derivative liability of $29,053. Interest expense for the amortization of the debt discount is calculated on a straight-line basis over the life of the convertible note. On July 18, 2016, the Company entered into a Senior Secured Convertible Promissory Note with an institutional investor for $189,000, with net proceeds to the Company of $175,000. The note was subsequently amended to a total principal of $200,000, with net proceeds to the Company of $185,000. The note bears interest at an annual rate of 8%, matures on January 17, 2017 and is convertible into common shares of the Company after six months at a fixed conversion price of $0.25 per share. In the event of default, the conversion price changes to a variable price based on a defined discount to the market price of the Company’s common stock. On July 31, 2016, the Company entered into a convertible promissory note for $53,650, which has no defined maturity date. The note bears interest at an annual rate of 6% and is payable only on conversion into shares of the Company’s common stock at $0.10 per share. On August 1, 2016, the Company entered into a convertible promissory note for $23,750, which has no defined maturity date. The note bears interest at an annual rate of 6% and is payable only on conversion into shares of the Company’s common stock at $0.10 per share. On August 3, 2016, the Company entered into a convertible promissory note with an institutional investor for $25,000, which bears interest at an annual rate of 12% and matures on February 4, 2017. The note holder has the right, after a period of 180 days of the note, to convert the note and accrued interest into shares of the common stock of the Company at a discounted price per share equal to 50% to 65% of the market price of the Company’s common stock, depending upon the stock’s liquidity as determined by the note holder’s broker. At the inception of the convertible note, the Company paid debt issuance costs of $2,500, recorded a debt discount of $22,500, and recorded a derivative liability of $48,106 related to the conversion feature, and a loss on derivative liability of $25,606. Interest expense for the amortization of the debt discount is calculated on a straight-line basis over the life of the convertible note. On August 3, 2016, the Company entered into a convertible promissory note with an institutional investor for $37,000, which bears interest at an annual rate of 8% and matures on August 3, 2017. The investor has the right, after the first six months of the note, to convert the note and accrued interest in whole or in part into shares of the common stock of the Company at a price per share equal to 55% (representing a discount rate of 45%) of the lowest bid price of the Company's common stock during the 20 trading days immediately ending on the last trading date prior to the conversion date. At the inception of the convertible note to institutional investor, the Company paid debt issuance costs of $25,500, including 150,000 shares of its common stock valued at $24,000, and recorded a debt discount of $37,000, including an original issue discount of $5,000, a derivative liability of $148,934 related to the conversion feature, and a loss on derivative liability of $142,434. Interest expense for the amortization of the debt discount was calculated on a straight-line basis over the life of the convertible note. On September 20, 2016, the Company entered into a convertible promissory note with an institutional investor for $35,000, which bears interest at an annual rate of 9% and matures on June 20, 2017. The investor has the right, commencing on the 180 th On October 27, 2016, the Company entered into a convertible promissory note with an institutional investor for $40,000, which bears interest at an annual rate of 9% and matures on July 7, 2017. The investor has the right, commencing on the 180 th During the six months ended October 31, 2016, the Company issued a total of 1,829,880 shares of its common stock in the conversion of $72,605 convertible notes principal and $11,644 accrued interest payable. During the six months ended October 31, 2016, we had the following activity in our derivative liabilities account: Balance at April 30, 2016 $ 2,081,931 Issuance of new debt 112,189 Gain on derivative liability (1,323,152) Conversion of debt to shares of common stock and repayment of debt (567,333) Balance at October 31, 2016 $ 303,635 The estimated fair value of the derivative liabilities at October 31, 2016 was calculated using the Black-Scholes pricing model with the following assumptions: Risk-free interest rate 0.34 – 0.59% Expected life in years 0.11 - 0.76 Dividend yield 0% Expected volatility 130.03% - 354.88% Accrued interest and fees payable was $26,700 and $63,979 at October 31, 2016 and April 30, 2016, respectively.

6. Financial Instruments

6. Financial Instruments	6 Months Ended
	Oct. 31, 2016
Notes
6. Financial Instruments	6. Financial Instruments The convertible notes payable and related derivative liabilities are measured at fair value on a recurring basis and estimated as follows at October 31, 2016: Total Level 1 Level 2 Level 3 Derivative liabilities $ 303,635 $ - $ - $ 303,635 Convertible notes payable, net 449,915 - - 449,915 Total liabilities measured at fair value $ 753,550 $ - $ - $ 753,550

7. Stockholders' Deficit

7. Stockholders' Deficit	6 Months Ended
	Oct. 31, 2016
Notes
7. Stockholders' Deficit	7. Stockholders’ Deficit During the six months ended October 31, 2016, the Company issued a total of 5,326,380 shares of its common stock: 2,630,000 shares for services valued at $570,110; 16,500 shares in payment of accrued fees payable of $10,325, recognizing a gain on extinguishment of debt of $4,550; 1,829,880 shares in the conversion of debt principal of $72,605 and accrued interest payable of $11,644; 550,000 shares valued at $80,000 for debt issuance costs; and 300,000 shares valued at $38,400 for settlement of warrants (see Note 8). All issuances of the Company’s common stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received whichever is more readily determinable. Most the non-cash consideration received pertaining to services rendered by consultants and others has been valued at the market value of the shares issued.

8. Stock Options and Warrants

8. Stock Options and Warrants	6 Months Ended
	Oct. 31, 2016
Notes
8. Stock Options and Warrants	8. Stock Options and Warrants During the six months ended October 31, 2016, the Company issued warrants to a lender to purchase 250,000 shares of the Company’s common stock at an exercise price of $0.60 per share. The warrants vested upon grant and expire on July 17, 2018. The Company estimated the grant date fair value of the warrants at $14,365 using the Black-Scholes option-pricing model and charged the amount to debt discount. During the six months ended October 31, 2016, the Company issued warrants to a consultant to purchase 50,000 shares of the Company’s common stock at an exercise price of $0.50 per share. The warrants vested upon grant and expire on June 14, 2017. The Company estimated the grant date fair value of the warrants at $9,056 using the Black-Scholes option-pricing model and charged the amount to general and administrative expenses. The following assumptions were used in estimating the value of the warrants: Risk free interest rate .55 - .68% Expected life in years 1.0 - 2.0 Dividend yield 0% Expected volatility 137.99 – 351.37% A summary of the Company’s stock options and warrants as of October 31, 2016, and changes during the six months then ended is as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at April 30, 2016 1,068,333 $ 1.56 Granted 300,000 $ 0.58 Exercised (68,333) $ 0.60 Forfeited or expired - $ - Outstanding and exercisable at October 31, 2016 1,300,000 $ 1.39 1.57 $ - The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on our closing stock price of $0.11 as of October 31, 2016, which would have been received by the holders of in-the-money options had the option holders exercised their options as of that date. The Company and a warrant holder (“Holder”) entered into a Warrant Settlement Agreement on August 9, 2016 whereby the Holder exercised 68,333 shares in exchange for a cash payment by the Company of $50,000 and the issuance by the Company of 300,000 of its common shares, valued at $38,400. The total obligation of $88,400 has been recorded as a reduction of additional paid-in capital.

9. Contingencies and Commitment

9. Contingencies and Commitments	6 Months Ended
	Oct. 31, 2016
Notes
9. Contingencies and Commitments	9. Contingencies and Commitments The Company has the following material commitments as of October 31, 2016: a) Administration Agreement with EMAC Handels AG, renewed effective May 1, 2014 for a period of three years. Monthly fee for administration services of $5,000 , office rent of $250 and office supplies of $125 . Extraordinary expenses are invoiced by EMAC on a quarterly basis. The fee may be paid in cash and or with common stock. b) Service Agreement signed April 25, 2016 with Merrill W. Moses, President, Director and CEO, for services of $7,500 per month beginning May 2016 and the issuance of a total 700,000 restricted common shares of the Company. The fees may be paid in cash and or with common stock. c) Service Agreement signed May 20, 2016 with Charles C. Hooper, Director, for services of $5,000 per month beginning May 2016 and the issuance of 250,000 restricted common shares of the Company. The fees may be paid in cash and or with common stock.

10. Recent Accounting Pronounce

10. Recent Accounting Pronouncements	6 Months Ended
	Oct. 31, 2016
Notes
10. Recent Accounting Pronouncements	10. Recent 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. 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.

11. Supplemental Statement of C

11. Supplemental Statement of Cash Flows Information	6 Months Ended
	Oct. 31, 2016
Notes
11. Supplemental Statement of Cash Flows Information	11. Supplemental Statement of Cash Flows Information During the six months ended October 31, 2016 and 2015, the Company paid $95,017 and $67,514 for interest. During the six months ended October 31, 2016 and 2015, the Company paid no amounts for income taxes. During the six months ended October 31, 2016, the Company had the following non-cash investing and financing activities: In debt conversions, increased common stock by $183 , increased additional paid-in capital by $304,923 , decreased convertible notes payable by $72,605, decreased accrued interest and fees payable by $11,644, decreased debt discount by $39,837 and decreased derivative liabilities by $41,880 . Increased accounts payable and debt discount by $14,311 . Increased debt discount and additional paid-in capital by $52,136 for beneficial conversion feature of new convertible notes payable. Increased debt discount and decreased prepaid expenses by $16,294 . Increased debt discount and derivative liability by $112,189 . Increased common stock by $2 and additional paid-in capital by $5,773 and decreased accrued interest and fees payable by $10,325. Increased debt discount and additional paid-in capital by $14,365 for the issuance of warrants. Increased common stock and decreased additional paid-in capital by $30 for net settlement of warrants. Increased accounts payable and decreased additional paid-in capital by $50,000 for settlement of warrants obligation. Increased license agreement and accrued license agreement payments by $378,600 . Increased debt discount by $80,000 , common stock by $55 and additional paid-in capital by $79,945 for issuance of common stock for debt issuance costs. During the six months ended October 31, 2015, the Company had the following non-cash investing and financing activities: Increased common stock by $18 , increased additional paid-in capital by $33,969 , decreased convertible notes payable by $10,014, decreased debt discount by $2,594 and decreased derivative liability by $24,051 . Decreased debt discount by $10,723 and derivative liability by $146,533 .

12. Restatement of Consolidated

12. Restatement of Consolidated Financial Statements	6 Months Ended
	Oct. 31, 2016
Notes
12. Restatement of Consolidated Financial Statements	12. Restatement of Consolidated Financial Statements Because of the Rescission Agreement with DTC discussed in Note 1, the Company has eliminated the accounts of DTC from the Company’s condensed consolidated financial statements as of July 31, 2016 and for the three months then ended, which accounts were previously consolidated with those of the Company. In addition, certain equity transactions involving obligations to issue shares of the Company’s common stock and the issuance of stock options were not properly recorded in the three months ended July 31, 2016. The following schedules present the condensed consolidated amounts previously reported, the restatement adjustments to eliminate the accounts of DTC and properly record the equity transactions, and the condensed consolidated amounts as restated. Defense Technologies International Corp. (Formerly Canyon Gold Corp.) Condensed Consolidated Balance Sheet As of July 31, 2016 (Unaudited) As Previously Reported Restatement Adjustments As Restated ASSETS Current assets: Cash $ 13,362 $ (12,187) $ 1,175 Inventories 5,355 (5,355) - Prepaid expenses 7,875 7,875 Total current assets 26,592 (17,542) 9,050 Property and equipment – construction in progress 11,819 (11,819) - Intangible assets 1,437,345 (1,437,345) - Total assets $ 1,475,756 $ (1,466,706) $ 9,050 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 216,210 $ 60,555 $ 276,765 Accrued interest and fees payable 365,593 (343,846) 21,747 Accrued interest payable – related parties 19,521 19,521 Convertible notes payable, net of discount 1,465,571 (1,119,716) 345,855 Convertible notes payable – related parties 57,050 57,050 Notes payable – related parties 79,656 79,656 Derivative liabilities 228,825 228,825 Payables – related parties 635,855 90,222 726,077 Total current liabilities 3,068,281 (1,312,785) 1,755,496 Total liabilities 3,068,281 (1,312,785) 1,755,496 Commitments and Contingencies Stockholders’ deficit: Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 1,100,000 shares issued and outstanding 110 110 Common stock, $0.0001 par value; 200,000,000 shares authorized, 24,496,056 and 21,249,676 shares issued and outstanding, respectively 2,450 2,450 Additional paid-in capital 2,117,489 9,056 2,126,545 Accumulated deficit (3,712,574) (162,977) (3,875,551) Total stockholders’ deficit (1,592,525) (153,921) (1,746,446) Total liabilities and stockholders’ deficit $ 1,475,756 $ (1,466,706) $ 9,050 Defense Technologies International Corp. (Formerly Canyon Gold Corp.) Condensed Consolidated Statement of Operations Three Months Ended July 31, 2016 (Unaudited) As Previously Reported Restatement Adjustments As Restated Revenue $ - $ - Expenses: General and administrative 513,682 $ 164,656 678,338 Research and development 3,277 (3,277) - Total expenses 516,959 161,379 678,338 Loss from operations (516,959) (161,379) (678,338) Other income (expense): Interest expense (303,297) (1,598) (304,895) Gain (loss) on derivative liability 1,498,059 1,498,059 Gain on extinguishment of debt 121,403 121,403 Total other income (expense) 1,316,165 (1,598) 1,314,567 Income (loss) before income taxes 799,206 (162,977) 636,229 Provision for income taxes - - Net income (loss) $ 799,206 $ (162,977) $ 636,229 Net income (loss) per common share: Basic $ 0.03 $ 0.03 Diluted $ 0.03 $ (0.01) $ 0.02 Weighted average common shares outstanding: Basic 23,097,363 23,097,363 Diluted 32,267,573 32,267,573

13. Subsequent Events

13. Subsequent Events	6 Months Ended
	Oct. 31, 2016
Notes
13. Subsequent Events	13. Subsequent Events In accordance with ASC 855, Subsequent Events, the Company has evaluated subsequent events to determine events occurring after October 31, 2016 that would have a material impact on the Company’s financial results or require disclosure. Issuances of Common Shares In November 2016, the Company issued 4,000,000 shares of its common stock to several individuals as required by the License Agreement discussed in Note 3. In November 2016, the Company entered into a short-term convertible promissory note of $5,790, with interest at 6% per annum and convertible into shares of the Company’s common stock at a conversion price of $0.10 per share. In November 2016, the Company entered into a short-term convertible promissory note of $14,600 with interest at 6% per annum and convertible into shares of the Company’s common stock at a conversion price of $0.075 per share.

1. Nature of Operations and C19

1. Nature of Operations and Continuation of Business: Going Concern (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Going Concern	Going Concern These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applicable to a going concern. Through October 31, 2016, the Company has no revenues, has accumulated losses of $4,285,598 and a working capital deficit of $2,226,322 and expects to incur further losses in the development of its business, all of which cast substantial doubt about the Company’s ability to continue as a going concern. Management plans to continue to provide for the Company's capital needs during the year ending April 30, 2017 by issuing debt and equity securities and by the continued support of its related parties (see Note 4). The condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. There is no assurance that funding will be available to continue the Company’s business operations.

2. Basis of Presentation and 20

2. Basis of Presentation and Summary of Significant Accounting Policies: Consolidation (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Consolidation	Consolidation These condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Long Canyon Gold Resources Corp. All inter-company transactions and balances have been eliminated.

2. Basis of Presentation and 21

2. Basis of Presentation and Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

2. Basis of Presentation and 22

2. Basis of Presentation and Summary of Significant Accounting Policies: Net Income (Loss) Per Common Share (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Net Income (Loss) Per Common Share	Net Income (Loss) per Common Share Basic net income or loss per common share is calculated by dividing the Company’s net income or loss by the weighted average number of common shares outstanding during the period. Diluted net income or loss per common share is calculated by dividing the Company’s net income or loss by sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents then outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding stock options and warrants, using the treasury stock method and the average market price per share during the period, and conversion of convertible debt, using the if converted method. As of October 31, 2016, the Company had 10,577,860 potential shares issuable under outstanding options, warrants and convertible debt. The common shares used in the computation of our basic and diluted net income (loss) per share are reconciled as follows: Three Months Ended October 31, Six Months Ended October 31, 2016 2015 2016 2015 Weighted average number of shares outstanding - basic 26,922,578 21,049,682 25,009,972 20,988,445 Dilutive effect of convertible debt - - 155,539 - Weighted average number of shares outstanding - diluted 26,922,578 21,049,682 32,165,511 20,988,445 During the three months ended October 31, 2016 and 2015, 9,277,860 and 2,365,098 shares issuable upon exercise of convertible debt, respectively, were excluded from the above calculation due to anti-dilution. For the six months ended October 31, 2015, 2,365,098 shares issuable upon exercise of convertible debt were excluded from the above calculation due to anti-dilution.

2. Basis of Presentation and 23

2. Basis of Presentation and Summary of Significant Accounting Policies: Reclassifications (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Reclassifications	Reclassifications Certain amounts in the 2015 condensed consolidated financial statements have been reclassified to conform with the current year presentation.

10. Recent Accounting Pronoun24

10. Recent Accounting Pronouncements: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Oct. 31, 2016
Policies
Recent 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. 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.

2. Basis of Presentation and 25

2. Basis of Presentation and Summary of Significant Accounting Policies: Net Income (Loss) Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended October 31, Six Months Ended October 31, 2016 2015 2016 2015 Weighted average number of shares outstanding - basic 26,922,578 21,049,682 25,009,972 20,988,445 Dilutive effect of convertible debt - - 155,539 - Weighted average number of shares outstanding - diluted 26,922,578 21,049,682 32,165,511 20,988,445 During the three months ended October 31, 2016 and 2015, 9,277,860 and 2,365,098 shares issuable upon exercise of convertible debt, respectively, were excluded from the above calculation due to anti-dilution. For the six months ended October 31, 2015, 2,365,098 shares issuable upon exercise of convertible debt were excluded from the above calculation due to anti-dilution.

4. Related Party Transactions26

4. Related Party Transactions and Balances: Schedule of Convertible Notes Payable Related Parties (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Convertible Notes Payable Related Parties	October 31, 2016 April 30, 2016 Note payable to related party, no interest, convertible into common stock of the Company at $0.10 per share, imputed interest at 9% per annum $ 25,000 $ 25,000 Note payable to related party, interest at 6%, convertible into common stock of the Company at $0.10 per share 32,050 32,050 $ 57,050 $ 57,050

4. Related Party Transactions27

4. Related Party Transactions and Balances: Schedule of Notes Payable Related Parties (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Notes Payable Related Parties	October 31, 2016 April 30, 2016 Note payable to related party, with interest at 6% per annum, due September 15, 2013 $ 24,656 $ 24,656 Note payable to related party, with interest at 6% per annum, due March 8, 2014 7,500 7,500 Note payable to related party, with interest at 6% per annum, due December 5, 2013 47,500 47,500 $ 79,656 $ 79,656

5. Convertible Notes Payable_ S

5. Convertible Notes Payable: Schedule of Convertible Notes Payable (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Convertible Notes Payable	October 31, 2016 April 30, 2016 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand $ 11,000 $ 11,000 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 9,000 9,000 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 91,150 141,150 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 14,500 14,500 Note payable, amended April 30, 2016, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 90 days from demand 20,000 20,000 Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 17,000 17,000 Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.05 per share 53,650 - Note payable to institutional investor, with interest at 10% per annum, convertible into common stock of the Company at a defined conversion price 25,000 - Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at a fixed conversion price of $0.25 per share 200,000 - Note payable, with interest at 6% per annum, convertible into common stock of the Company at $0.10 per share 23,750 - Note payable to institutional investor, with interest at 12% per annum, convertible into common stock of the Company at a defined conversion price 25,000 - Note payable to institutional investor, with interest at 8% per annum, convertible into common stock of the Company at a defined conversion price 37,000 - Note payable to institutional investor, with interest at 9% per annum, convertible after 180 days into common stock of the Company at a defined conversion price 35,000 - Note payable to instititional investor, with interest at 9% per annum, convertible after 180 days into common stock of the Company at a defined conversion price. 40,000 Advances combined in note payable in November 2016 4,190 - Note payable to institutional investor repaid in August 2016 - 41,000 Note payable to institutional investor repaid in July 2016 - 55,500 Note payable to institutional investor repaid in July 2016 - 39,000 Total 606,240 348,150 Less discount (156,325) (284,664) $ 449,915 $ 63,486

5. Convertible Notes Payable_29

5. Convertible Notes Payable: Schedule of Derivative Liability Related to the Conversion Feature (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Derivative Liability Related to the Conversion Feature	Balance at April 30, 2016 $ 2,081,931 Issuance of new debt 112,189 Gain on derivative liability (1,323,152) Conversion of debt to shares of common stock and repayment of debt (567,333) Balance at October 31, 2016 $ 303,635

5. Convertible Notes Payable_30

5. Convertible Notes Payable: Schedule of Assumptions Used (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Assumptions Used	Risk-free interest rate 0.34 – 0.59% Expected life in years 0.11 - 0.76 Dividend yield 0% Expected volatility 130.03% - 354.88%

6. Financial Instruments_ Fair

6. Financial Instruments: Fair Value, Liabilities Measured on Recurring Basis (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Fair Value, Liabilities Measured on Recurring Basis	Total Level 1 Level 2 Level 3 Derivative liabilities $ 303,635 $ - $ - $ 303,635 Convertible notes payable, net 449,915 - - 449,915 Total liabilities measured at fair value $ 753,550 $ - $ - $ 753,550

8. Stock Options and Warrants_

8. Stock Options and Warrants: Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	Risk free interest rate .55 - .68% Expected life in years 1.0 - 2.0 Dividend yield 0% Expected volatility 137.99 – 351.37%

8. Stock Options and Warrants33

8. Stock Options and Warrants: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	Shares Weighted Average Exercise Price Weighted Average Remaining Contract Term (Years) Aggregate Intrinsic Value Outstanding at April 30, 2016 1,068,333 $ 1.56 Granted 300,000 $ 0.58 Exercised (68,333) $ 0.60 Forfeited or expired - $ - Outstanding and exercisable at October 31, 2016 1,300,000 $ 1.39 1.57 $ -

12. Restatement of Consolidat34

12. Restatement of Consolidated Financial Statements: Restatement to Prior Year Income (Tables)	6 Months Ended
	Oct. 31, 2016
Tables/Schedules
Restatement to Prior Year Income	Defense Technologies International Corp. (Formerly Canyon Gold Corp.) Condensed Consolidated Balance Sheet As of July 31, 2016 (Unaudited) As Previously Reported Restatement Adjustments As Restated ASSETS Current assets: Cash $ 13,362 $ (12,187) $ 1,175 Inventories 5,355 (5,355) - Prepaid expenses 7,875 7,875 Total current assets 26,592 (17,542) 9,050 Property and equipment – construction in progress 11,819 (11,819) - Intangible assets 1,437,345 (1,437,345) - Total assets $ 1,475,756 $ (1,466,706) $ 9,050 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 216,210 $ 60,555 $ 276,765 Accrued interest and fees payable 365,593 (343,846) 21,747 Accrued interest payable – related parties 19,521 19,521 Convertible notes payable, net of discount 1,465,571 (1,119,716) 345,855 Convertible notes payable – related parties 57,050 57,050 Notes payable – related parties 79,656 79,656 Derivative liabilities 228,825 228,825 Payables – related parties 635,855 90,222 726,077 Total current liabilities 3,068,281 (1,312,785) 1,755,496 Total liabilities 3,068,281 (1,312,785) 1,755,496 Commitments and Contingencies Stockholders’ deficit: Preferred stock, $0.0001 par value; 20,000,000 shares authorized, 1,100,000 shares issued and outstanding 110 110 Common stock, $0.0001 par value; 200,000,000 shares authorized, 24,496,056 and 21,249,676 shares issued and outstanding, respectively 2,450 2,450 Additional paid-in capital 2,117,489 9,056 2,126,545 Accumulated deficit (3,712,574) (162,977) (3,875,551) Total stockholders’ deficit (1,592,525) (153,921) (1,746,446) Total liabilities and stockholders’ deficit $ 1,475,756 $ (1,466,706) $ 9,050 Defense Technologies International Corp. (Formerly Canyon Gold Corp.) Condensed Consolidated Statement of Operations Three Months Ended July 31, 2016 (Unaudited) As Previously Reported Restatement Adjustments As Restated Revenue $ - $ - Expenses: General and administrative 513,682 $ 164,656 678,338 Research and development 3,277 (3,277) - Total expenses 516,959 161,379 678,338 Loss from operations (516,959) (161,379) (678,338) Other income (expense): Interest expense (303,297) (1,598) (304,895) Gain (loss) on derivative liability 1,498,059 1,498,059 Gain on extinguishment of debt 121,403 121,403 Total other income (expense) 1,316,165 (1,598) 1,314,567 Income (loss) before income taxes 799,206 (162,977) 636,229 Provision for income taxes - - Net income (loss) $ 799,206 $ (162,977) $ 636,229 Net income (loss) per common share: Basic $ 0.03 $ 0.03 Diluted $ 0.03 $ (0.01) $ 0.02 Weighted average common shares outstanding: Basic 23,097,363 23,097,363 Diluted 32,267,573 32,267,573

1. Nature of Operations and C35

1. Nature of Operations and Continuation of Business (Details)	6 Months Ended
	Oct. 31, 2016
Details
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	May 27, 1998

1. Nature of Operations and C36

1. Nature of Operations and Continuation of Business: Going Concern (Details) - USD ($)	3 Months Ended		6 Months Ended		100 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016
Details
Net income (loss)	$ 410,047	$ 87,276	$ (226,182)	$ 200,438	$ 4,285,598
Working capital deficit	$ 2,226,322		$ 2,226,322		$ 2,226,322

2. Basis of Presentation and 37

2. Basis of Presentation and Summary of Significant Accounting Policies: Net Income (Loss) Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - shares	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Details
Weighted average common shares outstanding: Basic	26,922,578	21,049,682	25,009,972	20,988,445
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	9,277,860	2,365,098	155,539	2,365,098
Weighted average common shares outstanding: Diluted	26,922,578	21,049,682	32,165,511	20,988,445

3. License Agreement (Details)

3. License Agreement (Details)	Oct. 31, 2016USD ($)
Details
Accrued license agreement payments	$ 378,600

4. Related Party Transactions39

4. Related Party Transactions and Balances (Details) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Details
Payables - related parties	$ 631,654	$ 565,459
Accrued interest payable - related parties	$ 21,197	$ 17,846

4. Related Party Transactions40

4. Related Party Transactions and Balances: Schedule of Convertible Notes Payable Related Parties (Details) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Convertible notes payable - related parties	$ 57,050	$ 57,050
NotesPayableRelatedParty1Member
Convertible notes payable - related parties	25,000	25,000
NotesPayableRelatedParty2Member
Convertible notes payable - related parties	$ 32,050	$ 32,050

4. Related Party Transactions41

4. Related Party Transactions and Balances: Schedule of Notes Payable Related Parties (Details) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Notes payable - related parties	$ 79,656	$ 79,656
NotesPayableRelatedParty1Member
Notes payable - related parties	24,656	24,656
NotesPayableRelatedParty2Member
Notes payable - related parties	7,500	7,500
NotesPayableRelatedParty3Member
Notes payable - related parties	$ 47,500	$ 47,500

5. Convertible Notes Payable_42

5. Convertible Notes Payable: Schedule of Convertible Notes Payable (Details) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Convertible notes payable, net of discount	$ 449,915	$ 63,486
Debt Instrument, Unamortized Discount	(156,325)	(284,664)
Convertible Notes Payable	449,915	63,486
Convertible Note Payable 1
Convertible notes payable, net of discount	11,000	11,000
Convertible Note Payable 2
Convertible notes payable, net of discount	9,000	9,000
Convertible Note Payable 3
Convertible notes payable, net of discount	91,150	141,150
Convertible Note Payable 4
Convertible notes payable, net of discount	14,500	14,500
Convertible Note Payable 5
Convertible notes payable, net of discount	20,000	20,000
Convertible Note Payable 6
Convertible notes payable, net of discount	17,000	17,000
Convertible Note Payable 7
Convertible notes payable, net of discount	53,650
Convertible Note Payable 8
Convertible notes payable, net of discount	25,000
Convertible Note Payable 9
Convertible notes payable, net of discount	200,000
Convertible Note Payable 10
Convertible notes payable, net of discount	23,750
Convertible Note Payable 11
Convertible notes payable, net of discount	25,000
Convertible Note Payable 12
Convertible notes payable, net of discount	37,000
Convertible Note Payable 13
Convertible notes payable, net of discount	35,000
ConvertibleNotePayable15Member
Convertible notes payable, net of discount	40,000	41,000
ConvertibleNotePayable14Member
Convertible notes payable, net of discount	4,190
ConvertibleNotePayable16Member
Convertible notes payable, net of discount		55,500
ConvertibleNotePayable17Member
Convertible notes payable, net of discount		39,000
OtherConvertibleDebtMember
Convertible notes payable, net of discount	$ 606,240	$ 348,150

5. Convertible Notes Payable (D

5. Convertible Notes Payable (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Apr. 30, 2016
Gain (loss) on derivative liability	$ (174,907)	$ (70,567)	$ 1,323,152	$ (144,941)
Accrued interest and fees payable	26,700		26,700		$ 63,979
Convertible Note Payable 6
Debt discount related to the conversion feature			17,000
Derivative Liability Related to the Conversion Feature			17,000
Convertible Note Payable 7
Debt discount related to the conversion feature			41,000
Derivative Liability Related to the Conversion Feature			78,034
Prepaid Expense, Current					$ 2,500
Gain (loss) on derivative liability			40,534
Convertible Note Payable 9
Debt discount related to the conversion feature			22,500
Derivative Liability Related to the Conversion Feature			51,553
Prepaid Expense, Current	$ 2,500		2,500
Gain (loss) on derivative liability			$ 29,053

5. Convertible Notes Payable_44

5. Convertible Notes Payable: Schedule of Derivative Liability Related to the Conversion Feature (Details) - USD ($)	6 Months Ended
	Oct. 31, 2016	Apr. 30, 2016
Derivative liabilities	$ 303,635	$ 2,081,931
Derivative Liability
Derivative liabilities	303,635	$ 2,081,931
Issuance of new debt related to the Conversion Feature	112,189
Gain (Loss) on Derivative Liability Related to the Conversion Feature	(1,323,152)
Conversion of debt to shares of common stock and repayment of debt	$ (567,333)

5. Convertible Notes Payable_45

5. Convertible Notes Payable: Schedule of Assumptions Used (Details)	6 Months Ended
	Oct. 31, 2016
Fair Value Assumptions, Expected Dividend Rate	0.00%
Minimum
Fair Value Assumptions, Risk Free Interest Rate	0.34%
Fair Value Assumptions, Expected Term	1 month 10 days
Fair Value Assumptions, Expected Volatility Rate	130.03%
Maximum
Fair Value Assumptions, Risk Free Interest Rate	0.59%
Fair Value Assumptions, Expected Term	9 months 4 days
Fair Value Assumptions, Expected Volatility Rate	354.88%

6. Financial Instruments_ Fai46

6. Financial Instruments: Fair Value, Liabilities Measured on Recurring Basis (Details) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Derivative liabilities	$ 303,635	$ 2,081,931
Convertible Debt	449,915
Liabilities, Fair Value Disclosure, Recurring	753,550
Fair Value, Inputs, Level 3
Derivative liabilities	303,635
Convertible Debt	449,915
Liabilities, Fair Value Disclosure, Recurring	$ 753,550

7. Stockholders' Deficit (Detai

7. Stockholders' Deficit (Details) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Stock Issued During Period, Shares, New Issues			5,326,380
Stock Issued During Period, Shares, Issued for Services			2,630,000
Common shares issued for services			$ 570,110
Gain on extinguishment of debt	$ (189,786)	$ 92,712	$ 311,189	$ 155,459
Stock Issued During Period, Shares, Conversion of Convertible Securities			1,829,880
Stock Issued During Period, Value, Conversion of Convertible Securities			$ 72,605
Stock Issuance 1
Stock Issued During Period, Shares, Other			16,500
Stock Issued During Period, Value, Other			$ 10,325
Gain on extinguishment of debt			$ 4,550
Stock Issuance 10
Stock Issued During Period, Shares, Other			550,000
Stock Issued During Period, Value, Other			$ 80,000
Stock Issuance 3
Stock Issued During Period, Shares, Other			300,000
Stock Issued During Period, Value, Other			$ 38,400

8. Stock Options and Warrants (

8. Stock Options and Warrants (Details)	6 Months Ended
	Oct. 31, 2016USD ($)shares
Details
Warrants Issued to A Lender To Purchase Shares | shares	250,000
Estimated Fair Value of Warrants, charged to Debt Discount | $	$ 14,365
Warrants Issued to A Consultant To Purchase Shares | shares	50,000
Estimated Fair Value of Warrants, charged to General and Administrative Expenses | $	$ 9,056

8. Stock Options and Warrants49

8. Stock Options and Warrants: Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions (Details)	6 Months Ended
	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.55%
Share Based Compensation Arrangement By Share Based Payment Award, Fair Value Assumptions, Expected Life in Years	1
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	137.99%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.68%
Share Based Compensation Arrangement By Share Based Payment Award, Fair Value Assumptions, Expected Life in Years	2
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	351.37%

8. Stock Options and Warrants50

8. Stock Options and Warrants: Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)	6 Months Ended
	Oct. 31, 2016USD ($)$ / sharesshares	Apr. 30, 2016$ / sharesshares
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	1,300,000	1,068,333
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 1.39	$ 1.56
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	300,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.58
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $	$ (68,333)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$ 0.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	1,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 1.39
Share Based Compensation Arrangement By Share Based Payment Award, Weighted Average Remaining Contract Term (Years)	1.57

9. Contingencies and Commitme51

9. Contingencies and Commitments (Details) - USD ($)	6 Months Ended	24 Months Ended
	Oct. 31, 2016	Apr. 30, 2013
EMAC Handels AG
Monthly fee for administration services		$ 5,000
Monthly fee for Office Rent		250
Monthly fee for Office Supplies		$ 125
DelbertGBlewettMember
Monthly Director's fee per Service Agreement	$ 7,500
Charles C. Hooper
Monthly fee for administration services	$ 5,000

11. Supplemental Statement of52

11. Supplemental Statement of Cash Flows Information (Details) - USD ($)	6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Interest Paid	$ 95,017	$ 67,514
Accrued license agreement payments	378,600
Stock Issuance 1
Increase decrease in common stock	183	18
Increase decrease in Additional Paid In Capital	304,923	33,969
Increase decrease in debt discount	39,837	2,594
Increase decrease in derivative liability	41,880	24,051
Stock Issuance 2
Increase decrease in debt discount		10,723
Increase decrease in derivative liability		$ 146,533
Increase Accounts Payable and Debt Discount	14,311
Stock Issuance 3
Increase decrease in Additional Paid In Capital	52,136
Increase decrease in debt discount	52,136
Stock Issuance 4
Increase decrease in debt discount	16,294
Stock Issuance 5
Increase decrease in debt discount	112,189
Increase decrease in derivative liability	112,189
Stock Issuance 6
Increase decrease in common stock	2
Increase decrease in Additional Paid In Capital	5,773
Stock Issuance 7
Increase decrease in debt discount	14,365
Stock Issuance 8
Increase Common Stock and Decrease Additional Paid In Capital for Net Settlement of Warrants	30
Stock Issuance 9
Increase Accounts Payable and Decrease Additional Paid In Capital for Settlement of Warrants Obligation	50,000
Stock Issuance 10
Increase decrease in debt discount	$ 80,000