XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 108 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Nov. 30, 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 0 48,050
Cost of Revenue 0 0 781,172
Gross Profit 0 0 (374,711)
Expenses      
Accounting and audit 18,724 32,205 405,886
Sales & Marketing 0 0 846
Advertising & Promotions 29,261 3,692 109,755
Bank charges and interest expense 346 2,532 66,579
Consulting 66,021 52,252 1,848,880
Mineral exploration costs 0 10,070 520,869
Fees and dues 8,946 11,047 160,573
Insurance 4,200 4,116 84,622
Investor relations 14,000 0 137,814
Legal and professional 0 0 223,487
Office and miscellaneous 2,052 96 61,037
Rent 546 3,936 96,468
Telephone 0 947 20,364
Training & Conferences 4,853 0 20,339
Travel 460 2,012 118,862
Total expenses 149,409 122,905 3,876,381
(Loss) for the period before other items (149,409) (122,905) (4,251,092)
Other income (expense)      
Interest income 0 0 9,433
Impairment of long term investments 0 0 (253,841)
Others 0 0 22,775
Equity interest pick up 0 0 (17,744)
Loss on owned securities 0 (3,750) (283,082)
Gain on disposition of oil and gas interests 0 0 522,976
Revaluation of warrants liability 0 9,789 896,019
Write down of oil and gas properties 0 0 (2,919,511)
Net loss and comprehensive loss for the period $ (149,409) $ (116,866) $ (6,274,067)
Basic and diluted income (loss) per share $ 0.00 $ 0.00  
Weighted average number of common shares outstanding - basic and diluted 34,198,261 25,688,882