SKY POWER SOLUTIONS CORP. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - November 21, 2012

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EXCEL - IDEA: XBRL DOCUMENT - SKY POWER SOLUTIONS CORP.Financial_Report.xls
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EX-32 - SKY POWER SOLUTIONS CORP.ex32.htm
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10-K - SKY POWER SOLUTIONS CORP.skypower10k073112.htm
v2.4.0.6
Statements of Cash Flows (USD $)
 12 Months Ended 48 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (137,472) $ (474,647) $ (2,307,515)
Adjustments to reconcile net loss to net cash utilized by operating activities      
Depreciation 10,124 12,268 103,316
Loss on disposal of property and equipment 26,360 0 26,360
Increase (decrease) in cash flows from changes in operating assets and liabilities      
Prepaid expenses and other current assets 1,788 (1,788) 0
Accounts payable and accrued expenses 40,418 369,296 1,321,867
Net cash used in operating activities (58,782) (94,871) (855,972)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property and equipment 0 0 (17,015)
Net cash used in investing activities 0 0 (17,015)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from advances 81,758 208,587 1,573,333
Advances from related parties 0 173,600 1,150,743
Payments on advances (22,983) (287,467) (752,231)
Payments to related parties 0 0 (1,114,553)
Net cash provided by financing activities 58,775 94,720 857,292
CHANGE IN CASH AND CASH EQUIVALENTS      
Net decrease in cash and cash equivalents (7) (151) (15,695)
Cash and cash equivalents at beginning of year 7 158 15,695
Cash and cash equivalents at end of year 0 7 0
Cash paid during the year for:      
Interest 0 0 0
Income taxes 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES      
Common stock issued for related party advances 112,500 4,321,358 4,433,858
Common stock issued for accrued interest on paid promissory note $ 1,360,341 $ 0 $ 1,360,341

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