XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 105 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Revenue      
Non-renewal energy - natural gas and oil revenue $ 0 $ 0 $ 374,342
Renewable energy - service revenue 0 0 32,119
Total Revenue 0 0 406,461
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 0 310 48,050
Cost of Revenue 0 310 781,172
Gross Profit 0 (310) (374,711)
Expenses      
Accounting and audit 57,829 44,488 387,162
Sales & Marketing 0 0 846
Advertising & Promotions 5,437 12,052 80,494
Bank charges and interest expense 6,874 5,120 66,234
Consulting 189,089 299,519 1,782,859
Mineral exploration costs 13,380 175,103 520,869
Fees and dues 25,831 31,594 151,627
Insurance 20,307 21,543 80,422
Investor relations 0 87,759 123,814
Legal and professional 2,498 19,084 223,487
Office and miscellaneous (5,551) 17,880 58,984
Rent 12,782 16,047 95,922
Telephone 2,784 5,460 20,364
Training & Conferences 0 5,238 15,486
Travel 11,059 41,681 118,402
Total expenses 342,319 782,568 3,726,972
(Loss) for the period before other items (342,319) (782,878) (4,101,683)
Other income (expense)      
Interest income 0 0 9,433
Impairment of long term investments (55,931) (197,910) (253,841)
Others 0 (2,958) 22,775
Equity interest pick up (850) (4,824) (17,744)
Gain on owned securities (3,750) (312,168) (283,082)
Gain on disposition of oil and gas interests 0 0 522,976
Revaluation of warrants liability 9,789 291,003 896,019
Write down of oil and gas properties (337,843) 0 (2,919,511)
Net loss and comprehensive loss for the period $ (730,904) $ (1,009,735) $ (6,124,658)
Basic and diluted income (loss) per share $ (0.02) $ (0.04)  
Weighted average number of common shares outstanding - basic and diluted 29,897,481 25,688,882