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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 12 Months Ended 105 Months Ended 114 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
May 31, 2014
Revenue                
Non-renewal energy - natural gas and oil revenue $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 374,342 $ 374,342
Renewable energy - service revenue 0 0 0 0 0 0 32,119 32,119
Total Revenue 0 0 0 0 0 0 406,461 406,461
Non-renewable energy:                
Natural gas and oil operating costs and royalties 0 0 0 0 0 0 141,197 141,197
Depletion 0 0 0 0 0 0 298,489 298,489
Write-down in carrying value of oil and gas property 0 0 0 0 0 0 293,436 293,436
Renewable energy 0 0 0 0 0 310 48,050 48,050
Cost of Revenue 0 0 0 0 0 310 781,172 781,172
Gross Profit 0 0 0 0 0 (310) (374,711) (374,711)
Expenses                
Accounting and audit 12,570 12,307 35,244 48,623 57,829 44,488 387,162 422,406
Sales & Marketing 0 0 0 0 0 0 846 846
Advertising & Promotions 34,886 923 108,344 4,816 5,437 12,052 80,494 188,838
Bank charges and interest expense 1,032 1,287 4,256 5,534 6,874 5,120 66,234 70,490
Consulting 1,087,592 46,282 1,278,397 148,189 189,089 299,519 1,782,859 3,061,256
Mineral exploration costs 0 0 0 13,380 13,380 175,103 520,869 520,869
Fees and dues 15,045 5,076 30,713 18,344 25,831 31,594 151,627 182,340
Insurance 3,103 4,117 11,889 12,349 20,307 21,543 80,422 92,311
Investor relations 30,055 0 56,684 0 0 87,759 123,814 180,498
Legal and professional 35,679 1,094 45,451 2,280 2,498 19,084 223,487 268,938
Office and miscellaneous 7,588 (314) 19,789 1,611 (5,551) 17,880 58,984 78,773
Rent 25,624 3,465 28,128 11,318 12,782 16,047 95,922 124,050
Telephone 555 584 784 2,659 2,784 5,460 20,364 21,148
Training & Conferences 23,104 0 32,482 0 0 5,238 15,486 47,968
Travel 22,050 5,065 33,358 7,079 11,059 41,681 118,402 151,760
Total expenses 1,298,883 79,886 1,685,519 276,182 342,319 782,568 3,726,972 5,412,491
(Loss) for the period before other items (1,298,883) (79,886) (1,685,519) (276,182) (342,319) (782,878) (4,101,683) (5,787,202)
Other income (expense)                
Interest income         0 0 9,433  
Other income 300,000 0 300,000 0       309,433
Impairment of long term investments 0 0 (76,595) 0 (55,931) (197,910) (253,841) (330,434)
Others 0 0 0 0 0 (2,958) 22,775 22,775
Equity interest pick up (123,799) 0 (132,781) (850) (850) (4,824) (17,744) (150,525)
Gain on owned securities 150,000 0 150,000 (3,750) (3,750) (312,168) (283,082) (133,083)
Gain on disposition of oil and gas interests 0 0 0 0 0 0 522,976 522,976
Revaluation of warrants liability 0 0 0 9,789 9,789 291,003 896,019 896,019
Write down of oil and gas properties 0 (140,980) 0 (140,980) (337,843) 0 (2,919,511) (2,919,511)
Net loss and comrehensive loss for the period $ (972,682) $ (220,866) $ (1,444,895) $ (411,973) $ (730,904) $ (1,009,735) $ (6,124,658) $ (7,569,553)
Basic and diluted income (loss) per share $ (0.01) $ (0.01) $ (0.03) $ (0.01) $ (0.02) $ (0.04)     
Weighted average number of common shares outstanding - basic and diluted 86,529,895 30,314,415 57,551,337 29,756,976 29,897,481 25,688,882