XML 35 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net loss $ (644,966) $ (43,919)
Depletion 30,068 0
Depreciation 2,024 0
Accretion of asset retirement obligation 123  
Loss on debt conversion 459,286  
Amortization of deferred financing cost 1,463  
Amortization of debt discount 25,846  
Accounts payable and accrued liabilities ~change in 19,134 42,450
Accounts payable and accrued liabilities - related parties ~change in (14,820)  
Net cash used by operating activities (121,842) (1,469)
Deferred financing cost (6,000)  
Borrowings on debt 65,000  
Borrowings on convertible debt 42,800  
Net cash provided by financing activities 101,800  
Net change in cash (20,042) (1,469)
Cash at beginning of period 23,518 1,573
Cash at end of period 3,476 104
Debt discount due to beneficial conversion feature 65,000  
Shares subscribed for settlement of debt 300,000  
Shares issued for settlement of debt 25,000  
4 Note
   
Amortization of debt discount 9,167  
6 Note
   
Amortization of debt discount 1,082  
7 Note
   
Amortization of debt discount 7,575  
9 Note
   
Amortization of debt discount $ 5,556