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STATEMENT OF CASH FLOWS (USD $)
12 Months Ended39 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Net Income (loss)$ (6,164,097)$ (111,107)$ (6,331,018)
Amortization132,3572,500134,857
Impairment loss2,099,00002,099,000
Stock issed for services3,503,5001313,505,131
Services paid by shareholder05,9455,945
Deferred loan costs(18,550)0(18,550)
Accounts payable and accrued expenses177,4224,323185,812
Other liabilities02,2100
Accrued liabilities5,112(2,716)7,322
Accrued interest payable11,58942512,014
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES(253,667)(98,289)(399,487)
Proceeds from convertible notes payable270,50012,500283,000
Proceeds from related party(16,659)19,0332,374
Issuance of Common Stock00114,450
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES253,84131,533399,824
Increase (Decrease) in cash and cash equivalents174(66,756)337
Cash and Cash Equivalents, at Carrying Value, Beginning Balance16366,9190
Cash and Cash Equivalents, at Carrying Value, Ending Balance337163337
Interest000
Income taxes, net000
Acquisitions for common stock1,00099,3752,199,375
Conversion of notes payable to stock120,0000120,000
Conversion of accrued interest to stock4,01904,019
Accounts payable converted to notes payable$ 110,000$ 0$ 110,000