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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
2 Months Ended 117 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
Cash flows used in operating activities      
Net Income (loss) $ (4,641,005) $ (730,904) $ (10,765,663)
Changes to reconcile net loss to net cash used in operating activities      
Consulting - Stock based compensation 773,441 0 1,430,691
Depletion 0 0 298,489
Write down in carrying value of oil and gas properties 0 0 293,436
Stock issued for mineral resource and oil and gas property 0 0 37,500
MMJ expenses 1,332,010 0 1,332,010
Write down of oil and gas properties 2,000 337,843 2,921,511
Gain on disposition of oil and gas properties 0 0 (522,976)
Fair value of warrants liabilities 0 (9,789) (896,019)
Gain on owned securities 0 3,750 283,082
Equity pick-up 0 850 17,744
Impairment of long term investments 17,454 55,931 271,295
Imputed interest 0 0 17,396
Accrued loan interest 0 0 17,928
Other non-cash activities 510,013 0 540,166
Change in non-cash working capital items:      
Accounts receivable (9,805) 46,456 (12,324)
Prepaid expenses and deposit (6,575) 3,818 10,796
Accounts payable and accrued liabilities (119,935) 228,158 216,754
Due to related parties (58,777) (8,864) 95,496
Net cash (used in) operating activities (2,201,179) (72,751) (4,412,688)
Cash flows from (used in) investing activities      
Proceeds from sale of marketable securities 0 0 56,241
Oil and gas properties acquisition and divestment 0 0 (345,180)
Proceeds from sale of oil and gas interests 0 0 521,545
Mineral resource properties acquisition 0 (40,000) (231,843)
Investment in GSWPS 0 0 (103,500)
Investment in Pro Eco 10,005 0 (34,996)
Investment in Medical Marijuana Operations (6,271) 0 (6,270)
Cash provided in connection with business acquisition 0 0 201,028
Net cash from (used in) investing activities 3,734 (40,000) 57,025
Cash flows from financing activities      
Promissory notes - related party (47,380) 0 2,665
Net Proceeds from Options exercised 128,500 0 128,500
Net Proceeds from Warrants exercised 1,156,246 0 1,156,246
Net proceeds from subscriptions received 1,846,860 100,400 3,956,374
Net cash from financing activities 3,084,226 100,400 5,243,785
Increase (Decrease) in cash and cash equivalents 886,781 (12,351) 888,122
Cash and cash equivalents, beginning of period 1,341 13,692 0
Cash and cash equivalents, end of period 888,122 1,341 888,122
Supplemental information of cash flows      
Interest paid in cash 0 0 0
Income taxes paid in cash $ 0 $ 0 $ 0