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CAPITAL GROUP HOLDINGS, INC. (A DEVELOPMENT STAGE COMPANY) Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)
9 Months Ended 71 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Net loss $ (465,011) $ (4,388,479) $ (7,698,100)
Depreciation and amortization 4,310 3,047 11,549
Services provided in exchange for common shares 0 1,711,500 1,774,000
Stock based compensation 0 380,000 562,500
Loss (Gain) on marketable securities 0 0 432,718
Accrued interest and discount on convertible notes payable 28 222,246 242,814
Increase decrease Accounts payable 5,803 65,607 431,009
Increase decrease Accounts payable - related party (500) 1,000 (902)
Increase decrease Accrued payroll and other liabilities 208,613 138,963 700,363
Increase decrease Prepaid expenses and other deposits 20,000 (24,057) (2,500)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (226,757) (1,890,173) (3,546,549)
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
Proceeds from cash overdraft 3,498 0 3,498
Issuance of convertible notes payable 0 1,624,942 2,488,465
Issuance of common stock for cash or collection on subscriptions receivable 90,000 131,250 502,546
Proceeds for stock subscribed 142,700 181,250 267,700
Proceeds from Additional paid in capital 0 0 5,363
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 236,198 1,937,442 3,267,572
NET CHANGE IN CASH (122) 44,624 217
Beginning of period 339 15,006 0
End of period 217 59,630 217
Debt discount for fair value of attached warrants 0 138,756 155,863
Common stock issued for conversion of notes 0 2,515,223 2,580,451
Interest 0 0 0
Income taxes $ 0 $ 0 $ 0