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CAPITAL GROUP HOLDINGS, INC. (A DEVELOPMENT STAGE COMPANY) Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
6 Months Ended 68 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Net loss $ (315,819) $ (3,483,674) $ (7,548,908)
Depreciation and amortization 3,115 2,046 10,354
Services provided in exchange for common shares 0 1,472,000 1,774,000
Stock based compensation 0 180,000 562,500
Loss (Gain) on marketable securities 0 0 432,718
Accrued interest and discount on convertible notes payable 28 218,588 242,814
Increase decrease Accounts payable 5,156 68,124 430,362
Increase decrease Accounts payable - related party (500) 1,000 (902)
Increase decrease Accrued payroll and other liabilities 161,820 75,418 653,570
Increase decrease Prepaid expenses and other deposits 10,000 (398,113) (12,500)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (136,200) (1,864,611) (3,455,992)
Purchase of property and equipment 0 (2,645) (21,025)
Proceeds from sale of property and equipment 437 0 437
Payment of note receivable (10,000) 0 (10,000)
Proceeds from sale of available for sale securities 0 0 309,782
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (9,563) (2,645) 279,194
Issuance of convertible notes payable 0 1,564,941 2,488,465
Issuance of common stock for cash or collection on subscriptions 10,000 0 422,546
Proceeds for stock subscribed 136,200 287,500 261,200
Proceeds from Additional paid in capital 0 0 5,363
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 146,200 1,852,441 3,177,574
NET CHANGE IN CASH 437 (14,815) 776
CASH BALANCES Beginning of period 339 15,006 0
CASH BALANCES End of period 776 191 776
Debt discount for fair value of attached warrants 0 121,930 155,863
Common stock issued for conversion of notes 0 2,343,779 2,580,451
Interest 0 0 0
Income taxes $ 0 $ 0 $ 0