|
Q3 FY2014
As of May 31, 2014
|
Q2 FY2014
As of Feb 28, 2014
|
Q1 FY2014
As of Nov 30, 2013
|
Q4 FY2013
As of Aug 31, 2013
|
Q3 FY2013
As of May 31, 2013
|
Q2 FY2013
As of Feb 28, 2013
|
Q1 FY2013
As of Nov 30, 2012
|
Q4 FY2012
As of Aug 31, 2012
|
Q3 FY2012
As of May 31, 2012
|
Q2 FY2012
As of Feb 29, 2012
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Current assets: | ||||||||||
| Cash and cash equivalents | ||||||||||
| Prepaid expenses | ||||||||||
| Cash | ||||||||||
| Other current assets | ||||||||||
| Total Current Assets | ||||||||||
| Deposits | ||||||||||
| Mineral properties | ||||||||||
| Property and equipment, net | ||||||||||
| Total Assets | ||||||||||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||||
| Current Liabilities | ||||||||||
| Accounts payable and accrued expenses (including accounts payable to related parties of $246,516 and $166,523, respectively) | ||||||||||
| Accrued interest | ||||||||||
| Cash overdraft | ||||||||||
| Accounts payable | ||||||||||
| Accrued expenses | ||||||||||
| Due to related parties | ||||||||||
| Notes payable | ||||||||||
| Warrant liability | ||||||||||
| Derivative liability | ||||||||||
| Total Current Liabilities | ||||||||||
| Convertible promissory note, net of discounts of $-0- and $409,626, respectively | ||||||||||
| Derivative liability | ||||||||||
| Long term debt | ||||||||||
| Convertible note payable, net of unamortized debt discounts of $1,038,151 | ||||||||||
| Total Liabilities | ||||||||||
| Stockholders' deficit: | ||||||||||
| Common stock, $0.001 par value, 625,000 shares authorized (see subsequent event - Note 11), 470,973 and 375,000 shares issued and outstanding as of May 31, 2014 and August 31, 2013, respectively | ||||||||||
| Capital in excess of par value | ||||||||||
| Subscriptions received | ||||||||||
| Additional paid in capital | ||||||||||
| Common stock to be issued of 9,531,503 and 8,625,000 (see subsequent event - Note 11) as of May 31, 2014 and August 31, 2013, respectively | ||||||||||
| Accumulated deficit | ||||||||||
| Accumulated other comprehensive income | ||||||||||
| Total Stockholders' Deficiency | ||||||||||
| Total Liabilities and Stockholders' Deficiency |
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