 |
v2.4.0.6
|
Consolidated Statements of Operations (USD $)
|
12 Months Ended |
15 Months Ended |
|
Aug. 31, 2012
|
Aug. 31, 2011
|
Aug. 31, 2012
|
| Operating expenses: |
|
|
|
| General and administrative |
$ 130,769 |
$ 195,067 |
$ 164,795 |
| Depreciation and amortization |
450 |
1,471 |
966 |
| Total operating expenses |
131,219 |
196,538 |
165,761 |
| Loss from operations |
(131,219) |
(196,538) |
(165,761) |
| Other income (expense): |
|
|
|
| Interest and finance charges |
(10,768) |
(14,707) |
(13,768) |
| Interest and finance charges - related parties |
(25,312) |
(18,241) |
(30,123) |
| Loss on conversion of notes payable - related parties |
(92,758) |
|
(92,758) |
| Induced conversion expense |
(25,402) |
(6,076) |
(31,479) |
| Loss on disposal of assets |
(110) |
|
(110) |
| Other expenses |
|
(47) |
|
| Total other income (expense) |
(154,350) |
(39,071) |
(168,238) |
| Loss from operations |
(285,569) |
(235,609) |
(333,999) |
| Less loss attributable to noncontrolling interest |
(14) |
(13) |
(17) |
| Net loss before income taxes |
(285,555) |
(235,596) |
(333,982) |
| Income taxes |
|
|
|
| Net loss attributable to common shareholders |
$ (285,555) |
$ (235,596) |
$ (333,982) |
| Loss per common share, basic and diluted: |
$ (0.01) |
$ 0.00 |
|
| Weighted average number of shares outstanding - basic and diluted |
54,443,649 |
47,915,734 |
|
| X |
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
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