XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
6 Months Ended 16 Months Ended
Feb. 28, 2012
Feb. 28, 2012
Net loss $ (865,799) $ (1,495,860)
Stock based compensation 121,251 466,668
Gain on forgiveness of debt   (261,793)
Operating expenses paid by related parties on behalf of the Company in exchange for notes payable 12,642 278,116
Expenses paid by related parties 39,340 39,340
Change in deposits   (10,000)
Change in accounts payable and accrued expenses 342,522 492,434
Net cash used in operating activities (350,044) (491,095)
Purchase of property, plant and equipment (36,971) (206,367)
Net cash used in investing activities (36,971) (206,367)
Proceeds from advances, related parties 213,651 262,255
Proceeds from related party notes payable 67,600 67,600
Contributed capital by majority owned subsidiary   67,750
Net cash provided by financing activities 331,251 697,605
Net (decrease) increase in cash and cash equivalents (55,764) 143
Cash and cash equivalents at beginning of period 55,907  
Cash and cash equivalents at end of period 143 143
Cash paid during period for interest      
Cash paid during period for income taxes      
Property, plant and equipment acquired by certain investors as capital contribution   560,000
Common stock issued in settlement of notes payable 132,738 132,738
Notes payable issued in exchange for expenses paid by related parties 12,642 278,116
Series B Preferred Stock
   
Proceeds from the sale of preferred stock $ 50,000