Discontinued Operations

12 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Note 4 - Discontinued Operations

Pursuant to the Securities Exchange, the pre-existing mining business will be discontinued.

On April 28, 2014 the Company notified Mexivada Mining Corp. and Compania Minera Mexivada S.A de C.V., of termination of the Mexivada Property Option Agreement dated as of February 11, 2011, as amended October 24, 2011, and that the Company would not pay any further fees or expenses associated with the Agreement. The remaining interests were sold on July 24, 2014.

The following table presents summarized operating results for these discontinued operations. The table below does not present MV Patents because the historical financial information represents the activity of MV Patents as the predecessor business to VRE, and does not include any of the operations of the discontinued exploration stage mining business. The historical financial information for MV Patents for the year ended June 30, 2013 is included in the accompanying consolidated financial statements.

	February 7, 2014 Through June 30, 2014
Loss from discontinued operations	$	(215,703	)

Components of assets from discontinued operations consist of the following as of June 30, 2014. The table does not present the discontinued assets and liabilities as of June 30, 2013 because the June 30, 2013 historical financial information represents the activity of MV Patents as the predecessor business to VRE, while the discontinued operations relates specifically to the pre-existing exploration stage mining business.

Noncurrent assets:
Property and equipment		8,809
Less: accumulated depreciation		(5,201	)
Total assets from discontinued operations	$	3,608