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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 93 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Revenue      
Non-renewal energy - natural gas and oil revenue $ 0 $ 0 $ 374,342
Renewable energy - service revenue 0 20,512 32,119
Total Revenue 0 20,512 406,461
Non-renewable energy:      
Natural gas and oil operating costs and royalties 0 0 141,197
Depletion 0 0 298,489
Write-down in carrying value of oil and gas property 0 0 293,436
Renewable energy 310 14,771 48,050
Cost of Revenue 310 14,771 781,172
Gross Profit (310) 5,741 (374,711)
Expenses      
Accounting and audit 44,488 46,378 329,333
Sales & Marketing 0 846 846
Advertising & Promotions 12,052 40,627 75,057
Bank charges and interest expense 5,120 23,635 59,360
Consulting 299,519 511,598 1,593,770
Mineral exploration costs 175,103 14,094 507,489
Fees and dues 31,594 31,866 125,796
Insurance 21,543 15,045 60,115
Investor relations 87,759 10,050 123,814
Legal and professional 19,084 48,179 220,989
Office and miscellaneous 17,880 7,210 64,535
Rent 16,047 14,960 83,140
Telephone 5,460 3,783 17,580
Training & Conferences 5,238 0 15,486
Travel 41,681 29,383 107,343
Total expenses 782,568 797,654 3,384,653
(Loss) for the period before other items (782,878) (791,913) (3,759,364)
Other income (expense)      
Interest income 0 0 9,433
Impairment on long term investments (197,910) 0 (197,910)
Others (2,958) 0 22,775
Equity interest pick up (4,824) (1,555) (16,894)
Gain on owned securities (312,168) 32,836 (279,332)
Gain on disposition of oil and gas interests 0 0 522,976
Revaluation of warrants liability 291,003 595,227 886,230
Write down of oil and gas properties 0 0 (3,344,372)
Income (loss) before income taxes (1,009,735) (165,405) (6,156,458)
Income tax recovery - deferred 0 0 762,704
Net loss and comrehensive loss for the period $ (1,009,735) $ (165,405) $ (5,393,754)
Basic and diluted income (loss) per share $ (0.04) $ (0.01)   
Weighted average number of common shares outstanding - basic and diluted 25,688,882 19,893,489