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Condensed Consolidated Statements Of Cash Flows (Unaudited) (USD $)
9 Months Ended
May 31, 2014
May 31, 2013
Cash flows used in operating activities    
Net loss for the period $ (4,181,217)us-gaap_NetIncomeLoss   
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discounts 111,849us-gaap_AmortizationOfDebtDiscountPremium   
Non-cash interest 4,804,995us-gaap_NoncashContributionExpense   
Gain on change in fair value of derivative and warrant liabilities (1,344,164)us-gaap_FairValueOptionCreditRiskGainsLossesOnLiabilities   
Stock based compensation 3,600us-gaap_ShareBasedCompensation   
Changes in operating assets and liabilities:    
Other current assets (34,512)us-gaap_IncreaseDecreaseInOtherCurrentAssets   
Accounts payable and accrued expenses 30,402us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities   
Net cash flows (used in) operating activities (609,047)us-gaap_NetCashProvidedByUsedInOperatingActivities   
Cash flows used in investing activities    
Acquisition of mineral property interest (855,098)us-gaap_PaymentsToAcquireRoyaltyInterestsInMiningProperties   
Net cash used in investing activities: (855,098)us-gaap_NetCashProvidedByUsedInInvestingActivities   
Cash flows from financing activities    
Cash overdraft (16,803)us-gaap_IncreaseDecreaseInBookOverdrafts   
Net proceeds from issuance of convertible debt 1,150,000us-gaap_ProceedsFromConvertibleDebt   
Net proceeds from issuance of notes payable 380,672iron_NetProceedsFromIssuanceOfNotesPayable   
Net proceeds from related party advances 39,552us-gaap_ProceedsFromRelatedPartyDebt   
Net cash flows provided by financing activities 1,553,421us-gaap_NetCashProvidedByUsedInFinancingActivities   
Effect of currency rate change on cash (44,372)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents   
Net increase in cash and cash equivalents 44,904us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease   
Cash and cash equivalents, beginning of period      
Cash and cash equivalents, end of period 44,904us-gaap_CashAndCashEquivalentsAtCarryingValue   
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid during the period for interest 89,362us-gaap_InterestPaid   
Cash paid during the period for taxes      
NONCASH INVESTING AND FINANCING ACTIVITIES: