CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
|
6 Months Ended | |
---|---|---|
Feb. 28, 2015
|
Feb. 28, 2014
|
|
Cash flows used in operating activities | ||
(Loss) from continuing operations | $ (856,681)us-gaap_IncomeLossFromContinuingOperations | $ (269,475)us-gaap_IncomeLossFromContinuingOperations |
Income (loss) from discontinued operations | 48,918us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | 67,535us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Consulting - Stock based compensation | 174,720us-gaap_ShareBasedCompensation | 0us-gaap_ShareBasedCompensation |
Depletion | 0us-gaap_Depletion | 117,716us-gaap_Depletion |
MMJ impairment expenses | 15,000lxrp_MmjJointVenture | 0lxrp_MmjJointVenture |
Other non-cash items | 48,039us-gaap_OtherNoncashExpense | (10,694)us-gaap_OtherNoncashExpense |
Change in operating assets and liabilities: | ||
(Increase)/Decrease in accounts receivable | 61,984us-gaap_IncreaseDecreaseInAccountsReceivable | (18,234)us-gaap_IncreaseDecreaseInAccountsReceivable |
(Increase)/ Decrease in inventory | (77,588)us-gaap_IncreaseDecreaseInInventories | 0us-gaap_IncreaseDecreaseInInventories |
(Increase)/ Decrease in prepaid expenses and deposit | 108,707us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (1,507)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Increase in accounts payable and accrued liabilities | (57,176)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 18,485us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Net cash used in operating activities | (534,077)us-gaap_NetCashProvidedByUsedInOperatingActivities | (96,174)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Cash flows used in investing activities | ||
Oil and gas property acquisition and exploration costs | 0us-gaap_PaymentsToAcquireOilAndGasProperty | 67,534us-gaap_PaymentsToAcquireOilAndGasProperty |
Proceeds from sale of oil and gas property | 721,806us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment | 0us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment |
Net cash used in investing activities | 721,806us-gaap_NetCashProvidedByUsedInInvestingActivities | 67,534us-gaap_NetCashProvidedByUsedInInvestingActivities |
Cash flows from financing activities | ||
Payments of loan payable | (98,742)us-gaap_ProceedsFromRepaymentsOfDebt | 0us-gaap_ProceedsFromRepaymentsOfDebt |
Net cash from financing Activities | (98,742)us-gaap_NetCashProvidedByUsedInFinancingActivities | 0us-gaap_NetCashProvidedByUsedInFinancingActivities |
Increase (Decrease) in cash and cash equivalents | 88,987us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (28,640)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents, beginning of period | 703,030us-gaap_CashAndCashEquivalentsAtCarryingValue | 65,542us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents, end of period | 792,017us-gaap_CashAndCashEquivalentsAtCarryingValue | 36,902us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental information of cash flows: | ||
Interest paid in cash | $ 98,742us-gaap_InterestPaid | $ 58,625us-gaap_InterestPaid |
X | ||||||||||
- Definition
MMJ impairment expenses No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The noncash expense charged against earnings to recognize the consumption of natural resources. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Other expenses or losses included in net income that result in no cash outflows or inflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow in aggregate debt due to repayments and proceeds from additional borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|