XML 63 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) - CAD
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period CAD (6,675,780) CAD (4,760)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:    
Depreciation and amortization 12,449
Amortization of deferred financing fees CAD 6,358
Non-cash interest charges
Amortization of original issue discount CAD 6,958
Legal fees incurred deducted from proceeds of notes payable CAD 24,250
Shares and options issued for compensation
Fair value adjustment in derivative liabilities CAD 60,193
Common stock/stock options issued or to be issued for services rendered 5,891,495
Change in assets and liabilities    
(Increase) decrease in prepaid expenses and deposits CAD (865,528)
(Increase) decrease in sales tax receivable
(Increase) in in inventory CAD (120,072)
(Decrease) in accounts payable and accrued expenses 262,226 CAD 3,690
Total adjustments 5,278,329 3,690
Net cash (used in) operating activities (1,397,451) CAD (1,070)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds received from convertible notes 770,250
Repayments of notes payable CAD (32,500)
Net member contributions CAD 400
Proceeds received for common stock and liability for stock to be issued CAD 708,770
Net cash provided by financing activities CAD 1,446,520 CAD 400
Effect of foreign currency
NET INCREASE (DECREASE) IN CASH CAD 49,069 CAD (670)
CASH - BEGINNING OF PERIOD 13,346 CAD 670
CASH - END OF PERIOD 62,415
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for: Interest CAD 5,278
Cash paid during the period for: Income taxes
Reverse Merger of Breathe LLC    
Accumulated deficit CAD 7,733,077
Prepaid expenses 191,584
Fixed assets 138,049
Mining rights 1,035,818
Accounts payable (111,275)
Asset retirement obligations (107,749)
Note payable (125,451)
Accumulated comprehensive income 114,446
Due to Company 221,159
Adjustment to APIC 9,089,658
Shares received in TAUG for commercialization of product 100,000
Common shares issued for investment in Tauriga 100,000
Original issue discount netted from convertible notes 40,000
Inventory purchased through issuance of common stock CAD 22,500