Equity

12 Months Ended

Jul. 31, 2011

Equity

Stockholders' Equity Note Disclosure [Text Block]

On November 23, 2010, the Company enacted a 1:50 reverse stock split, as a result of which our outstanding common shares were reduced to 7,840,636 shares and our authorized common shares were reduced by the same ratio, to 10 million shares. All share information in the accompanying financial statements has been retroactively restated to reflect the split.

On August 5, 2010, the Company filed a Form S-8 registration statement registering 330,000 (16,500,000 shares pre-split) shares of common stock issued to certain advisers and consultants.

On September 28, 2010, the Company issued 222,220 (11,111,000 shares pre- split) shares to Ambrose & Keith, LLC as partial payment of a commitment fee under the Share Purchase Agreement. As this agreement related to work to be performed at a later date, and the fact that Ambrose & Keith, LLC had not earned any amounts under the agreement, the transaction was recorded as deferred equity in the Consolidated Statement of Changes in Stockholders’ Equity. At July 31, 2011, the Share Purchase Agreement was deemed cancelled, however, the shares issued under the agreement were issued as a non-refundable fee and expensed upon cancellation.

On October 22, 2010, the Company issued 1,120,000 (56,000,000 shares pre-split) shares of common stock for the acquisition of R.L.P. Mechanical Contractors, Inc. to HOTI. These shares were issued, however valued at $0.00 in total due to RLP’s rescission of the acquisition in March, 2011. The Company is in the process of cancelling these shares subsequent to July 31, 2011.

On October 27, 2010, the Company issued 600,000 (30,000,000 shares pre-split) shares for the completion of the acquisition of SkyNet Energy, Inc.

On November 26, 2010, the Company closed on the acquisition of Xnergy, Inc. and issued 2,000,000 shares of common stock and agreed to issue 5,000,000 shares of voting convertible preferred stock having a total vote equal to 51 percent of all shares entitled to vote to be held in escrow pending completion of the conditions to the escrow release. The common shares were issued, however valued at $0.00 in total due to Xnergy’s rescission of the acquisition in June, 2011. The Company is in the process of cancelling these shares subsequent to July 31, 2011.

On December 7, 2010, the Company agreed to issue 600,000 shares of common stock for services rendered or to be rendered under four consulting agreements and registered the shares under an S-8 registration statement filed and effective on December 7, 2010. Actual issuance of shares will be executed upon agreement of the Board of Directors to increase authorized share capital.

On January 4, 2011, the Company amended the previously filed Form S-8 and issued an additional 500,000 common shares in payment of consulting services provided under two consulting agreements.

On February 24, 2011, the Company converted four notes into 867,020 shares of common stock (See, Notes Payable, Note 7).

On February 25, 2011, the Company amended its Articles of Incorporation to increase the authorized stock to 105 million shares, par value $0.001, of which 100 million are designated as common shares and 5 million as preferred shares.

On March 2, 2011, the Company issued 74,004 shares of common stock. 63,336 of the shares were for services rendered or to be rendered under consulting agreements and 10,668 of the shares were issued for stock grants.

On June 30, 2011, the Company cancelled the 74,004 shares of common stock. 63,336 of the shares were for services rendered or to be rendered under consulting agreements and 10,668 of the shares were issued for stock grants.

On June 30, 2011 the Company converted $10,000 of notes into 446,429 shares of common stock (See, Notes Payable, Note 8).

On July 26, 2011, the Company converted $10,000 of notes into 581,395 shares of common stock (See, Notes Payable, Note 8).

As a result of these transactions, there were 12,835,480 common shares outstanding at July 31, 2011