XML 19 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended98 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
CASH FLOWS USED IN OPERATING ACTIVITIES   
Net income (loss)$ 1,011,955$ 23,059$ (5,559,348)
Depreciation and amortization  8,578
Common stock issued for mineral property costs  2,352,500
Common stock issued for compensation1,500 1,500
Loss on disposal of property and equipment  17,524
Fair value discount on private placement  653,112
Impairment of Instant Wirefree technology  46,200
Impairment (recovery) of investment in shares(1,020,000)  
(Increase) decrease in prepaid expenses 2,000 
Increase (decrease) in accounts payable & accrued expenses6,501(3,642)196,439
Cash flows used in operating activities(44)21,417(2,283,495)
CASH FLOWS FROM INVESTING ACTIVITIES   
Purchase of property and equipment  (27,128)
Proceeds from disposal of property and equipment  1,026
Loan receivable (30,000) 
Instant Wirefree technology  (27,500)
Cash flows used in investing activities (30,000)(53,602)
CASH FLOWS FROM FINANCING ACTIVITIES   
Advances from related parties 10,41448,151
Proceeds from issuance of common stock250,000 232,600,000
Proceeds from promissory notes  213,260
Cash flows provided by financing activities 10,4142,587,411
NET INCREASE (DECREASE) IN CASH249,9561,831250,314
Cash, beginning of the period358108 
Cash ( bank overdraft), end of the period250,3141,939250,314
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES   
Shares issued on acquisition of Instant Wirefree Inc.  18,700
Shares issued to settle debt  213,600
Shares issued for compensation1,500 1,500
Shares issued to acquire share investments$ 1,875,000 $ 1,875,000