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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 102 Months Ended
May 31, 2013
May 31, 2012
May 31, 2013
May 31, 2012
May 31, 2013
Revenue          
Non-renewal energy - natural gas and oil revenue $ 0 $ 0 $ 0 $ 0 $ 374,342
Renewable energy - service revenue 0 0 0 0 32,119
Total Revenue 0 0 0 0 406,461
Non-renewable energy:          
Natural gas and oil operating costs and royalties 0 0 0 0 141,197
Depletion 0 0 0 0 298,489
Write-down in carrying value of oil and gas property 0 0 0 0 293,436
Renewable energy 0 0 0 310 48,050
Cost of Revenue 0 0 0 310 781,172
Gross Profit 0 0 0 (310) (374,711)
Expenses          
Accounting and audit 12,307 4,066 48,623 40,227 377,956
Sales & Marketing 0 0 0 0 846
Advertising & Promotions 923 2,017 4,816 8,466 79,873
Bank charges and interest expense 1,287 1,683 5,534 3,004 64,894
Consulting 46,282 75,530 148,189 211,520 1,741,959
Mineral exploration costs 0 11 13,380 140,668 520,869
Fees and dues 5,076 12,177 18,344 28,361 144,140
Insurance 4,117 4,357 12,349 13,070 72,464
Investor relations 0 22,688 0 53,810 123,814
Legal and professional 1,094 9,023 2,280 18,939 223,269
Office and miscellaneous (314) 4,205 1,611 18,154 66,146
Rent 3,465 4,694 11,318 12,230 94,458
Telephone 584 1,820 2,659 4,399 20,239
Training & Conferences 0 5,238 0 5,238 15,486
Travel 5,065 16,576 7,079 35,766 114,422
Total expenses 79,886 164,085 276,182 593,852 3,660,835
(Loss) for the period before other items (79,886) (164,085) (276,182) (594,162) (4,035,546)
Other income (expense)          
Interest income 0 0 0 0 9,433
Impairment on long term investments 0 0 0 0 (197,910)
Others 0 0 0 0 22,775
Equity interest pick up 0 0 (850) 0 (17,744)
Loss on owned securities 0 (60,362) (3,750) (309,171) (283,082)
Gain on disposition of oil and gas interests 0 0 0 0 522,976
Revaluation of warrants liability 0 11,162 9,789 124,465 896,019
Write down of oil and gas properties (140,980) 0 (140,980) 0 (3,485,352)
Income (loss) before income taxes (220,866) (213,285) (411,973) (778,868) (6,568,431)
Income tax recovery - deferred 0 0 0 0 762,704
Net loss and comprehensive loss for the period $ (220,866) $ (213,285) $ (411,973) $ (778,868) $ (5,805,727)
Basic and diluted income (loss) per share $ (0.01) $ (0.01) $ (0.01) $ (0.03)   
Weighted average number of common shares outstanding - basic and diluted 30,314,415 25,982,139 29,756,976 25,144,672