XML 26 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements Of Cash Flows (Unaudited) (USD $)
9 Months Ended 60 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
Cash flows from operating activities:      
Net (loss) $ (1,434,381) $ (12,900) $ (1,495,152)
Adjustments to reconcile net (loss) to net cash used in operating activities:      
Common stock issued for services 194,780    194,780
Common stock issued for officers' and directors' fees 114,000 0 114,000
Commission paid for equity raise (40,000)    (40,000)
Convertible note loan fees 194,445    194,445
Valuation of warrants on convertible debt 196,835    196,835
Depreciation 528    528
Changes in Current Assets and Liabilities      
Inventory (159,952)   (159,952)
Other current assets (28,946)    (28,946)
Accounts payable 26,863 12,900 40,918
Accounts payable - related parties 170,682    189,398
Net cash (used) in by operating activities (765,146) 0 (793,146)
Purchase of office equipment (27,000)   (27,000)
Purchase of tangible product assets (5,788)    (5,788)
Net cash provided by (used in) investing activities (32,788) 0 (32,788)
Cash flows from financing activities      
Loans from Officer 30,400    33,400
Repayments to officer (30,400)    (30,400)
Convertible Note proceeds 500,000    500,000
Sale of common stock 325,000    350,000
Net cash provided by financing activities 825,000 0 853,000
Net increase in cash and cash equivalents 27,066    27,066
Cash and cash equivalents, beginning of year         
Cash and cash equivalents, end of year 27,066    27,066
Cash paid during the year for:      
Interest 18,741    18,741
Income Taxes    0   
Non-cash investing and financing activities:      
Common stock issued for purchase of Mix1 assets       19,880,000
Purchase of Mix1 assets       (19,880,000)
Forgiveness of debt - Officer       (3,000)
Forgiveness of debt contributed to capital    0 3,000
Cancellation of Common Stock (10,000)    (10,000)
Cancellation of Common Stock - Paid in Capital 10,000    10,000
Total    $ 0