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Condensed Consolidated Statement of Cash Flows (USD $)
3 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Cash Flow from Operating Activities:  
Net Income (loss)$ (3,177,877)$ 569,169
Depreciation, depletion, & amortization283,985160,150
Accretion of asset retirement obligations4,3421,453
Amortization of Stock Issuance Costs427,907 
Unrealized gain on warrant liability(95,459) 
Unrealized Loss on Bamco notes receivable2,724,701 
Change in Working Capital:  
Accounts Receivable related party(70)(29,982)
Increase in Prepaid and other current assets(310,808) 
Accounts Payable708,69422,008
Accrued Expenses771,533 
Restricted cash(100,000) 
Accounts Payable related party(3,079) 
Net cash provided by operating activities1,003,293172,096
Cash Flow from Investing Activities:  
Additions to oil and gas properties(3,580,618) 
Acquisition of oil and gas properties(953,916) 
Additions to other property and equipment(170,219) 
Investment in Notes Receivable(43,500) 
Increase in Security Deposits(27,995) 
Net cash used in investing activities(4,776,248) 
Cash Flow from Financing Activities:  
Net borrowings under Line of Credit(307,968) 
Issuance of Common Shares5,461,712 
Repayment of Notes Payable Shareholders(2,160,000)(114,795)
Reverse Merger recapitalization132,314 
Payment on Note Payable(32,469)(57,301)
Net cash provided by financing activities4,043,589(172,096)
Net change in cash and equivalents270,634 
Cash Beginning of Year120,860133
Cash End of Year391,494133
Non-cash transactions:  
Unrealized loss on Investment in Cross Border Resources, Inc.1,552,123 
Acquisition of Cross Border Resources, Inc for common shares273,169 
Issuance of warrants for common stock issuance costs711,651 
Non-cash acquisition of note receivable2,681,201 
Non-cash acquisition of oil and gas properties 3,682,318
Oil and Gas Sales
  
Change in Working Capital:  
Accounts Receivable(134,948)(550,702)
Other
  
Change in Working Capital:  
Accounts Receivable(95,628) 
Issuance During Period 1st
  
Cash Flow from Financing Activities:  
Issuance of Notes Payable to Shareholders100,000 
Issuance During Period 2nd
  
Cash Flow from Financing Activities:  
Issuance of Notes Payable to Shareholders$ 850,000