Alternative Energy & Environmental Solutions, Inc. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - November 13, 2012

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EX-32.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13A-14(B) OF THE EXCHANGE ACT AND SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Alternative Energy & Environmental Solutions, Inc.f10k2012ex32i_altenergy.htm
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EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER, PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. - Alternative Energy & Environmental Solutions, Inc.f10k2012ex31i_altenergy.htm
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Stockholders' Equity/(Deficiency)
 12 Months Ended
Jul. 31, 2012
Stockholders' Equity(Deficiency) [Abstract]  
STOCKHOLDERS’ EQUITY/(DEFICIENCY)
NOTE 3
STOCKHOLDERS’ EQUITY/(DEFICIENCY)

(A) Common Stock and Warrants Issued for Cash

During the year ended July 31, 2012 the Company issued 40,002 units of common stock for $10,000 ($0.25/unit).  Each unit consisted of one share of common stock and two warrants to purchase common stock for a total of 40,002 shares of common stock and 80,004 warrants to purchase common stock at an exercise price of $0.83 per share.

For the period ended July 31, 2010, the Company issued 3,037,548 units, for cash. Each unit consisted of one share of common stock and two warrants to purchase common stock for a total of 3,037,548 shares of common stock and 6,075,096 warrants to purchase common stock for $759,376($0.25/share) less stock offering costs of $15,000.  In addition, the Company also received the right to immediately call the warrants if the Company’s common stock trades for a period of 20 consecutive days at an average trading price of $1.00 per share or greater (see Note 3(C)). Of the total funds raised, $54,000 was recorded as a subscription receivable.  The $54,000 was received August 4, 2010 and $4,175 of stock offering costs were recorded.
 
The Company also issued 15,000,000 shares of common stock to its founders for $500 ($0.0001 per share) (See note 5).

(B) In-Kind Contribution

For the year ended July 31, 2012, a shareholder of the Company contributed services having a fair value of $15,600 (See Note 5).

For the year ended July 31, 2011, a shareholder of the Company contributed services having a fair value of $15,600 (See Note 5).

For the year ended July 31, 2010, a shareholder of the Company contributed services having a fair value of $2,100 (See Note 5).

(C) Warrants

The following tables summarize all warrant grants for the period ended July 31, 2012, and the related changes during these periods are presented below.

   
Number of Warrants
    
Weighted Average Exercise Price
  
Warrants
            
Balance at July 31, 2011
    
6,075,096
      
0.83
  
Granted
    
80,004
      
0.83
  
Exercised
    
-
          
Forfeited
    
-
          
Balance at July 31, 2012
    
6,155,100
      
      0.83
  
Warrants exercisable at July 31, 2012
    
6,155,100
    
$
0.83
  
 
Of the total warrants outstanding, 6,155,100 are fully vested, exercisable and non-forfeitable.

These warrants are immediately exercisable at $0.83 per share and are immediately callable by the Company if the Company’s common stock trades for a period of 20 consecutive days at an average trading price of $1.00 per share or greater.  This option gives the Company the right, but not the obligation to repurchase the shares of common stock (See Note 3(A)).  During the year ended July 31, 2012, the average trading price exceeded $1.00 per share and the options are callable by the Company, although none have been called to date.

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