|
Statement of Cash Flows (Unaudited) (USD $)
|
3 Months Ended | |
|---|---|---|
|
May 31, 2014
|
May 31, 2013
|
|
| Cash flows from operating activities: | ||
| Net loss | $ (40,661) | $ (270,879) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Contributed services | 13,200 | |
| Stock compensation for chief technical advisor | 154,750 | |
| Changes in operating assets and liabilities: | ||
| Accounts payable | 6,121 | (13,504) |
| Accrued liabilities | 22,750 | 1,250 |
| Net cash used in operating activities | (11,790) | (115,183) |
| Cash flows from financing activities: | ||
| Proceeds from contribution agreement | 67,500 | |
| Proceeds from related party advances | 12,000 | |
| Net cash provided by financing activities | 12,000 | 67,500 |
| Net change in cash | 210 | (47,683) |
| Cash, beginning of period | 22 | 87,281 |
| Cash, end of period | 232 | 39,598 |
| Cash paid during the period for: | ||
| Interest | ||
| Taxes | ||
| Non-cash investing and financing activities: | ||
| Contributed services | $ 13,200 | |