XML 32 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 126 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (15,896) $ (9,211) $ (5,798,715)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation 0 0 95,176
Loss on sale of mining equipment 0 0 177,193
Options exercised for services 0 0 276,691
Gain on settlement of debt 0 0 (142,442)
Stock issued for current debt 0 0 470,041
Stock issued for officer's wages and services 0 0 252,700
Stock issued for professional services 0 0 272,060
Stock issued for exploration costs 0 0 711,000
Stock options granted 0 0 381,340
Expenses paid on behalf of Company 0 0 42,610
(Decrease) increase in:      
Prepaid expenses (2,212) 0 (2,212)
Accounts payable 7,831 (2,667) 271,282
Accrued expenses 0 0 (5,807)
Accrued payables, related parties 0 0 387,663
Net cash (used) by operating activities (10,277) (11,878) (2,611,420)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of fixed assets 0 0 (95,174)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from related party loans 10,243 11,818 197,606
Proceeds from borrowings 0 0 84,937
Proceed from subscription receivable 0 0 25,000
Proceeds from sale of common stock 0 0 2,397,835
Net cash provided by financing activities 10,243 11,818 2,705,378
NET INCREASE (DECREASE) IN CASH (34) (60) (1,216)
Cash, beginning of year 314 425 1,496
Cash, end of year 280 365 280
SUPPLEMENTAL CASH FLOWS INFORMATION      
Income taxes paid 0 0 0
Interest paid 0 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Note receivable from sale of mining equipment 0 0 45,000
Common stock issued on settlement of debt $ 0 $ 0 $ 529,559