XML 21 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended 24 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
OPERATING ACTIVITIES      
Loss from continuing operations $ (63,796) $ 0 $ (92,009)
Adjustments for non-cash items:      
Depreciation 7,234 0 7,234
Adjustments for changes in working capital:      
Accounts receivable 999 0 0
Prepaid expenses 12,997 0 0
Accounts payable and accrued liabilities (8,321) 0 9,529
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (50,887) 0 (75,246)
FINANCING ACTIVITIES      
Notes receivable 0 0 (15,600)
Due on mineral rights acquisition 0 0 104,000
Advances from stockholders 129,282 0 168,993
Proceeds on issuance of capital stock 0 0 465,189
NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS 129,282 0 722,582
INVESTING ACTIVITIES      
Mineral rights 0 0 (208,000)
Deposit on mineral rights (6,240) 0 (6,240)
NET CASH USED IN INVESTING ACTIVITIES FROM CONTINUING OPERATIONS (6,240) 0 (214,240)
NET INCREASE IN CASH FROM CONTINUING OPERATIONS 72,155 0 433,096
OPERATING ACTIVITIES      
Loss from discontinued operations 0 (97,632) (441,486)
Adjustments for changes in working capital:      
Accounts receivable from discontinued operations (4,679) 0 (15,621)
Liabilities from discontinued operations (80,832) 84,645 (29,169)
NET CASH USED IN OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS (85,511) 12,987 (427,938)
NET DECREASE IN CASH FROM DISCONTINUED OPERATIONS (85,511) 12,987 (427,938)
FOREIGN CURRENCY TRANSLATION (8,002) 0 1,730
NET DECREASE IN CASH (21,358) 12,987 3,428
CASH, BEGINNING OF PERIOD 24,786 0 0
CASH, END OF PERIOD $ 3,428 $ 12,987 $ 3,428