XML 39 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended 21 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash Flows From Operating Activities      
Net loss $ (728,130) $ (103,049) $ (1,351,668)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share-based compensation 27,347 0 76,269
Common stock issued for services 0 50,463 50,463
Changes in operating assets and liabilities:      
Prepaid expenses (24,000) 0 (19,000)
Accounts payable 162,210 0 222,655
Accrued liabilities 77,272 0 (17,190)
Net Cash Used in Operating Activities (485,301) (52,586) (1,038,471)
Cash Flows From Investing Activities      
Proceeds on notes receivable 69,314 0 92,589
Purchase of equipment (7,901) 0 (32,785)
Net Cash Provided by Investing Activities 61,413 0 59,804
Cash Flows From Financing Activities      
Proceeds from issuance of common stock for cash 550,000 340,025 1,110,000
Payment on capital lease obligation (119,000) 0 (119,000)
Net Cash Provided by Financing Activities 431,000 340,025 991,000
Net Increase in Cash and Cash Equivalents 7,112 287,439 12,333
Cash at Beginning of Period 5,221 0 0
Cash at End of Period 12,333   12,333
Noncash Investing and Financing activities:      
The Company issued 12,000,000 shares of its Common Stock for all of the issued and outstanding stock of CPGL which stock had been issued for services by its two shareholders 0 50,463 50,463
Recapitalization 0 0 348,964
Subscription receivable 0 0 50,000
Conversion of accounts payable and accrued liabilities to notes payable 218,293 0 218,293
Purchase of land under capital lease $ 1,435,025 $ 0 $ 1,435,025