 |
v2.4.0.6
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
|
12 Months Ended |
24 Months Ended |
|
Aug. 31, 2012
|
Aug. 31, 2011
|
Aug. 31, 2012
|
| Cash Flows from Operating Activities |
|
|
|
| Net loss |
$ (56,356) |
$ (56,789) |
$ (120,470) |
| Adjustments to reconcile net loss to net cash used by operating activities |
|
|
|
| Non cash interest expense - capital contribution |
902 |
895 |
1,797 |
| Forgiveness of debt |
(10,000) |
|
(10,000) |
| Write off of porperty option |
20,000 |
|
20,000 |
| Changes in operating assets and liabilities: |
|
|
|
| Accrued interest |
3,482 |
516 |
3,998 |
| Prepaid expenses |
3,000 |
(3,000) |
|
| Accounts payable and accrued liabilities |
(9,702) |
3,520 |
558 |
| Net cash used in operating activities |
(48,674) |
(54,858) |
(104,117) |
| Cash Flows from Investing Activities |
|
|
|
| Acquisition of property option |
|
(10,000) |
(10,000) |
| Net cash used in investing activity |
|
(10,000) |
(10,000) |
| Cash Flows from Financing Activities |
|
|
|
| Capital stock issued |
|
|
27,985 |
| Notes payable, related party |
47,500 |
39,000 |
86,500 |
| Net cash provided by financing activities |
47,500 |
39,000 |
114,485 |
| Net (decrease) increase in cash during the period |
(1,174) |
(25,858) |
368 |
| Cash, beginning of the period |
1,542 |
27,400 |
|
| Cash, end of the period |
368 |
1,542 |
368 |
| Supplemental information |
|
|
|
| Accrual for mineral property |
$ 10,000 |
|
$ 10,000 |
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| X |
- Definition
The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Investing Activities
-URI http://asc.fasb.org/extlink&oid=6516133
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3213-108585
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 17
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
+ Details
| Name: |
us-gaap_PaymentsToAcquireOilAndGasProperty |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- Definition
The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 19
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Financing Activities
-URI http://asc.fasb.org/extlink&oid=6513228
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 18
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3255-108585
+ Details
| Name: |
us-gaap_ProceedsFromIssuanceOrSaleOfEquity |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
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