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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 95 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
CASH FLOWS USED IN OPERATING ACTIVITIES      
Net loss for the period $ (2,798,402) $ (2,057,865) $ (10,777,790)
Non-controlling interest (269,686)   (269,686)
Depreciation and amortization 957 957 23,303
Share-based services 2,659,673 834,942 6,897,247
Beneficial conversion feature on warrant issue     230,900
Gain on sale of oil business (845,680)   (845,680)
Loss on disposal of property and equipment     5,879
Property and equipment traded for services     24,805
Change in legal trust account (14,207)   (14,207)
Change in prepaid expenses 20,411 47,716  
Change in accounts payable & accrued expenses 124,810 (103,888) 141,235
Change in due to related parties   15,309 36,579
Cash flows used in operating activities (1,122,124) (1,262,829) (5,692,350)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of oil and gas property (219,093)   (219,093)
Purchase of property and equipment     (54,197)
Proceeds from disposal of property and equipment     494
Increase in security deposits (27,810)   (27,810)
Cash flows used in investing activities (246,903)   (300,606)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash received in recapitalization of the Company     184
Proceeds from note payable     50,000
Proceeds from issuance of common stock     4,412,000
Offering costs from issuance of common stock     (4,000)
Net advances from related parties 722,196   1,618,863
Cash flows provided by financing activities 722,196   6,077,047
Net increase (decrease) in cash and cash equivalents (646,831) (1,262,829) 84,091
Cash and cash equivalents, beginning of the period 730,922 1,993,751  
Cash and cash equivalents, end of the period 84,091 730,922 84,091
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid 56,693   59,574
Income taxes paid