XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 149 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITES:      
Net Loss $ (42,199) $ (12,338) $ (6,066,192)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation       95,176
Loss on sale of mining equipment       177,193
Options exercised for services       276,691
Gain on settlement of debt       (142,442)
Stock issued for current debt       470,041
Stock issued for officer's wages & services       252,700
Stock issued for professional services       323,727
Stock issued for exploration costs       711,000
Stock options granted       381,340
Expenses paid on behalf of Company       42,610
(Decrease) increase in:      
Accounts receivable (1,000,000)    (1,000,000)
Accounts payable and accrued expenses 7,886 (17,965) 254,640
Accrued payables, related parties       416,546
Amount due to director 39,289    39,289
Net cash (used) by operating activities (995,024) (30,303) (3,767,681)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in Jiangxi Everenergy New Material Co., Ltd. 1,000,000      
Purchase of fixed assets       (95,174)
Net cash provided by investing activities 1,000,000    (95,174)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from (repayments of) related party loans    (86,399) 214,133
Proceeds from borrowings       84,937
Proceeds from subscription receivable       25,000
Proceeds from sale of common stock    150,000 3,547,835
Net cash provided by financing activities    63,601 3,871,905
Effect of exchange rate changes on cash (10,452)    (8,583)
NET INCREASE IN CASH (5,476) 33,298 467
Cash, beginning of period 7,439 417 1,496
Cash, end of period 1,963 33,715 1,963
SUPPLEMENTAL CASH FLOWS INFORMATION      
Income taxes paid         
Interest paid         
NON-CASH INVESTING & FINANCING ACTIVITIES:      
Note receivable from sale of mining equipment       45,000
Common stock issued for mineral property interests       1,200,000
Common stock issued for investments (7,950,000)      
Common stock issued on settlement of debt       $ 660,323