|
Balance Sheets (USD $)
|
Feb. 29, 2012
|
Aug. 31, 2012
Unaudited
|
| Current |
|
|
| Cash and cash equivalents |
$ 117,892 |
$ 163,585 |
| Accounts receivable |
282,683 |
1,176,601 |
| Inventory |
64,202 |
|
| Prepaid expenses |
50,686 |
3,482 |
| Real estate held for sale |
|
1,050,000 |
| Net Assets |
515,463 |
2,393,668 |
| Equipment (note 4) |
166,204 |
26,798 |
| Total assets |
681,667 |
2,420,466 |
| Current |
|
|
| Accounts payable and accrued liabilities |
1,358,302 |
1,379,016 |
| Loans payable (note 8) |
12,887 |
|
| Total liabilities |
1,371,189 |
1,379,016 |
| Stockholders’ deficiency Capital stock |
|
|
| Common stock Authorized: 200,000,000 shares without par value Issued: 91,091,135 (2012 – 71,192,397) (note 10) |
34,232,125 |
36,593,025 |
| Additional paid-in capital |
15,986,080 |
16,163,680 |
| Stock subscriptions |
557,238 |
607,238 |
| Accumulated deficit from prior operations |
(2,003,427) |
(2,003,427) |
| Accumulated deficit during the exploration stage |
(49,701,810) |
(50,534,822) |
| Accumulated other comprehensive income |
240,272 |
215,756 |
| Total stockholders’ deficiency |
(689,522) |
1,041,450 |
| Total liabilities and stockholders’ deficiency |
$ 681,667 |
$ 2,420,466 |