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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Cash Flow from Operating Activities:    
Net Income (loss) $ (7,380,628) $ 1,478,298
Adjustments to Reconcile Net Income (loss) to Net cash from operating activities:    
Depreciation, depletion and amortization 1,194,036 360,370
Equity in earnings of Cross Border Resources, Inc. 447,779 0
Issuance of stock for consulting services 152,000  
Accrued Stock for BOD fees 67,945  
Accretion of asset retirement obligations 28,916 4,075
Net increase in ARO obligation (50,732)  
Amortization of debt issuance costs 912,245 0
Unrealized loss on warrant liability 1,176,826 0
Unrealized gain on investment in Cross Border Warrants (494,463) 0
Loss on notes receivable 2,724,701 0
Change in Working Capital:    
Accounts receivable oil and gas sales (1,212,510) (502,141)
Accounts receivable, other (918)  
Accounts receivable related party 25,090 (8,488)
Increase in Crude Oil Inventory (107,156)  
Increase in prepaid expenses & other current assets (429,350) 0
Accounts payable 6,685,607 33,082
Accrued expenses (100,779) 0
Restricted cash (301,902) 0
Accounts payable related party (3,079) 0
Net cash provided by operating activities 3,333,628 977,944
Cash Flow from Investing Activities:    
Additions to oil and gas properties (14,747,504) (32,227)
Acquisition of oil and gas properties (2,421,830) 0
Additions to other property and equipment (517,369) 0
Increase in note (43,500) 0
Increase in security deposits (4,738) 0
Net cash used by investing activities (17,734,941) (32,227)
Cash Flow from Financing Activities:    
Net borrowings under line of credit (866,314) 0
Net proceeds from issuance of common shares 12,473,208 0
Net proceeds from issuance of notes payable 6,322,550 0
Issuance of notes payable to shareholders 393,591 0
Repayment of notes payable shareholders (2,891,590) 0
Reverse merger recapitalization 132,314 0
Payment on note payable (206,074) (743,755)
Payment of notes payable to related party (255,241) 0
Issuance of notes payable to related party 100,000 0
Distribution to members 0 (187,801)
Net cash provided by (used by) financing activities 15,202,444 (931,556)
Net change in cash and equivalents 801,131 14,161
Cash Beginning of Period 120,860 133
Cash End of Period 921,991 14,294
Supplemental Disclosure of Cash flow information    
Cash paid during the period for Interest 1,248,781 92,864
Cash paid during the period for Income taxes $ 0 $ 0