XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
2 Months Ended 117 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
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 44,069 57,829 431,231
Sales & Marketing 2,199 0 3,045
Advertising & Promotions 170,777 5,437 251,271
Bank charges and interest expense 4,745 6,874 70,979
Consulting 1,780,866 189,089 3,563,725
Mineral exploration costs 0 13,380 520,869
Fees and dues 51,182 25,831 202,809
Insurance 13,939 20,307 94,361
Investor relations 44,184 0 167,998
Legal and professional 78,678 2,498 302,165
Office and miscellaneous 31,979 (5,551) 90,963
Rent 45,147 12,782 141,069
Telephone 1,759 2,784 22,123
Training & Conferences 32,902 0 48,388
Travel 56,593 11,059 174,995
Total expenses 2,359,019 342,319 6,085,991
(Loss) for the period before other items (2,359,019) (342,319) (6,460,702)
Other income (expense)      
Other income 71,922 0 81,355
Impairment of long term investments (469,048) (55,931) (722,889)
MMJ license expenses (1,882,860) 0 (1,882,860)
Others 0 0 22,775
Equity interest pick up 0 (850) (17,744)
Gain 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 (2,000) (337,843) (2,921,511)
Net loss and comprehensive loss for the period $ (4,641,005) $ (730,904) $ (10,765,663)
Basic and diluted income (loss) per share $ (0.07) $ (0.02)   
Weighted average number of common shares outstanding - basic and diluted 65,894,839 29,897,481