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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended 12 Months Ended 105 Months Ended 114 Months Ended
May 31, 2014
May 31, 2013
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
May 31, 2014
Cash flows used in operating activities            
Net Income (loss) $ (1,444,895) $ (411,973) $ (730,904) $ (1,009,735) $ (6,124,658) $ (7,569,553)
Changes to reconcile net loss to net cash used in operating activities            
Consulting - Stock based compensation 941,154 0 0 66,953 657,250 1,598,404
Depletion 0 0 0 0 298,489 298,489
Write down in carrying value of oil and gas properties 0 0 0 0 293,436 293,436
Stock issued for mineral resource and oil and gas property 0 0 0 0 37,500 37,500
Write down of oil and gas properties 0 140,980 337,843 0 2,919,511 2,919,511
Gain on disposition of oil and gas properties 0 0 0 0 (522,976) (522,976)
Fair value of warrants liabilities 0 (9,789) (9,789) (291,003) (896,019) (896,019)
Gain on owned securities (150,000) 3,750 3,750 312,168 283,082 133,083
Equity pick-up 132,781 850 850 4,824 17,744 150,525
Impairment of long term investments 76,595 0 55,931 197,910 253,841 330,434
Imputed interest 0 0 0 0 17,396 17,396
Accrued loan interest 0 0 0 0 17,928 17,928
Other non-cash activities 58,230 0 0 2,958 30,153 88,383
Change in non-cash working capital items:            
Accounts receivable (23,137) 48,840 46,456 (22,439) (2,519) (25,657)
Prepaid expenses and deposit (251,670) (4,104) 3,818 33,534 17,371 (234,299)
Deferred charges 0 0 0 29,038 0 0
Accounts payable and accrued liabilities (111,928) 109,930 228,158 111,888 336,689 224,761
Due to related parties (50,700) 51,000 (8,864) 72,000 154,273 103,573
Net cash (used in) operating activities (823,570) (70,516) (72,751) (491,904) (2,211,509) (3,035,079)
Cash flows from (used in) investing activities            
Proceeds from sale of marketable securities 0 0 0 56,241 56,241 56,241
Oil and gas properties acquisition and divestment 0 0 0 0 (345,180) (345,180)
Proceeds from sale of oil and gas interests 0 0 0 0 521,545 521,545
Mineral resource properties acquisition 0 (40,000) (40,000) (104,798) (231,843) (231,843)
Investment in GSWPS 0 0 0 0 (103,500) (103,500)
Investment in Pro Eco 10,004 0 0 0 (45,000) (34,996)
Investment in Medical Marijuana Operations (975,000) 0       (975,000)
Cash provided in connection with business acquisition 0 0 0 0 201,028 201,028
Net cash from (used in) investing activities (964,996) (40,000) (40,000) (48,557) 53,291 (911,705)
Cash flows from financing activities            
Promissory notes - related party (47,380) 0 0 50,045 50,045 2,665
Net Proceeds from Options exercised 130,000 0       130,000
Net Proceeds from Warrants exercised 913,096 0       913,096
Net proceeds from subscriptions received 2,007,408 100,400 100,400 240,956 2,109,514 4,116,922
Net cash from financing activities 3,003,124 100,400 100,400 291,001 2,159,559 5,162,683
Increase (Decrease) in cash and cash equivalents 1,214,558 (10,116) (12,351) (249,460) 1,341 1,215,899
Cash and cash equivalents, beginning of period 1,341 13,692 13,692 263,152 0 0
Cash and cash equivalents, end of period 1,215,899 3,576 1,341 13,692 1,341 1,215,899
Supplemental information of cash flows            
Interest paid in cash 0 0 0 0 0 0
Income taxes paid in cash $ 0 $ 0 $ 0 $ 0 $ 0 $ 0