XML 15 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
2 Months Ended
Jun. 30, 2016
USD ($)
shares
CASH FLOW FROM OPERATING ACTIVITIES:  
Net loss $ (83,918)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depletion and accretion 507
Amortization of discount on convertible note payable 52,034
Changes in operating assets and liabilities:  
Accounts receivable and accrued revenue (404)
Accounts payable and accrued liabilities 12,138
Accrued interest payable 7,642
NET CASH USED IN OPERATING ACTIVITIES (12,001)
CASH FLOWS FROM INVESTING ACTIVITIES  
Net cash received on acquisition of First Titan Corp. 5,690
NET CASH USED IN INVESTING ACTIVITIES 5,690
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from advances 15,100
NET CASH PROVIDED BY FINANCING ACTIVITIES 15,100
NET INCREASE (DECREASE) IN CASH 8,789
CASH, at the beginning of the period
CASH, at the end of the period 8,789
Cash paid during the period for:  
Interest
Taxes
Noncash investing and financing transaction:  
Change in asset retirement obligation 75
Conversion of accrued interest into common stock $ 7,491
Intellectual property acquired with Series A Preferred Stock | shares 2,990,535
Common stock and preferred stock issued for reverse acquisition $ 480,921
Change in fair value of available-for-sale securities $ (4,464)