XML 31 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities    
Net income (loss) $ (826,504)us-gaap_ProfitLoss $ (1,928,860)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in income (loss) of unconsolidated affiliate (6,145)us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Common shares issued for consulting fees 118,990us-gaap_StockIssuedDuringPeriodValueIssuedForServices 150,167us-gaap_StockIssuedDuringPeriodValueIssuedForServices
Goodwill impairment 0us-gaap_GoodwillOtherChanges 362,417us-gaap_GoodwillOtherChanges
Common shares issued for interest expenses 99,567lexg_CommonStockIssuedForInterestExpenses 0lexg_CommonStockIssuedForInterestExpenses
Interest expense 2,544,024us-gaap_InterestExpense 850,485us-gaap_InterestExpense
(Gain) loss on change in the fair value of derivative liability (2,818,577)us-gaap_DerivativeGainOnDerivative (162,963)us-gaap_DerivativeGainOnDerivative
Fair value of warrants issued 97,070us-gaap_OtherOperatingActivitiesCashFlowStatement 0us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in operating assets and liabilities:    
Receivable (1,749)us-gaap_IncreaseDecreaseInReceivables (9,164)us-gaap_IncreaseDecreaseInReceivables
Loan receivable 0us-gaap_IncreaseDecreaseInNotesReceivables (20,000)us-gaap_IncreaseDecreaseInNotesReceivables
Prepaid expenses 19,074us-gaap_IncreaseDecreaseInPrepaidExpense 19,282us-gaap_IncreaseDecreaseInPrepaidExpense
Accrued interest 27,949us-gaap_IncreaseDecreaseInInterestPayableNet 0us-gaap_IncreaseDecreaseInInterestPayableNet
Accounts payable and accrued liabilities 62,497us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,980)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (683,804)us-gaap_NetCashProvidedByUsedInOperatingActivities (740,616)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities    
Deposit applied for acquisition of subsidiary 0us-gaap_PaymentsForDeposits (38,662)us-gaap_PaymentsForDeposits
Net cash used in investing activities 0us-gaap_NetCashProvidedByUsedInInvestingActivities (38,662)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities    
Repayment to related party (45,332)us-gaap_RepaymentsOfRelatedPartyDebt 0us-gaap_RepaymentsOfRelatedPartyDebt
Proceed from issuance of convertible promissory notes 750,000us-gaap_ProceedsFromOtherDebt 775,000us-gaap_ProceedsFromOtherDebt
Net cash provided by financing activities 704,668us-gaap_NetCashProvidedByUsedInFinancingActivities 775,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange (7,834)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase (decrease) in cash and cash equivalents 13,030us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (4,278)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents - beginning of period 69,732us-gaap_CashAndCashEquivalentsAtCarryingValue 248,624us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents - end of period 82,762us-gaap_CashAndCashEquivalentsAtCarryingValue 244,346us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest 2,205us-gaap_InterestPaid 0us-gaap_InterestPaid
Income taxes 0us-gaap_IncomeTaxesPaid 0us-gaap_IncomeTaxesPaid
Non-cash investing and financing activities:    
Common stock issued for debt conversion 2,493,048us-gaap_StockIssued1 1,284,174us-gaap_StockIssued1
Transfer of beneficial conversion feature to fair value of note 408,962lexg_TransferOfBeneficialConversionFeatureToFairValueOfNote 0lexg_TransferOfBeneficialConversionFeatureToFairValueOfNote
Common stock issued on cashless exercise of warrants $ 766,675lexg_CommonStockIssuedOnCashlessExerciseOfWarrants $ 0lexg_CommonStockIssuedOnCashlessExerciseOfWarrants