Transition report pursuant to Rule 13a-10 or 15d-10

CONSOLIDATED STATEMENT OF CASH FLOWS

v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
10 Months Ended 12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Oct. 31, 2013
Cash flows used in operating activities      
(Loss) from continuing operations $ 1,559,341 $ 538,327 $ 626,509
Income (loss) from discontinued operations 1,698,371 (235,959) (282,958)
Adjustments to reconcile net loss to net cash used in operating activities:      
Share issued for rent 35,750 0 0
Stock based compensation 97,002 21,279 21,279
Share issued for services - consulting and advertising 551,325 0 0
Depletion 161,112 282,533 343,062
Write-off of oil and gas properties 1,879,007 0 0
Foreign exchange (gain)loss 0 0 19,293
Medical marijuana license application 140,000 0 0
Change in operating assets and liabilities:      
(Increase)/Decrease in accounts receivable (21,440) 252,347 211,719
(Increase)/ Decrease in prepaid expenses and deposit (58,141) (1,507) (32)
Increase in accounts payable and accrued liabilities (42,720) 18,485 69,230
Net cash used in operating activities (515,817) 270,769 321,000
Cash flows used in investing activities      
Oil and gas property acquisition and exploration costs (68,624) (64,381) (91,613)
Proceeds from sale of oil and gas property 0 0 21,000
Medical Marijuana Investments (7,662) 0 0
Net cash used in investing activities (76,286) (64,381) (70,613)
Cash flows from financing activities      
Payments of loan payable (306,893) (347,996) (365,359)
Proceeds from private placement, convertible debt, and option exercise, net of commssion 1,536,484 0 0
Net cash from financing Activities 1,229,591 (347,996) (365,359)
Increase (Decrease) in cash and cash equivalents 637,488 (141,608) (114,972)
Cash and cash equivalents, beginning of year 65,542 180,514 180,514
Cash and cash equivalents, end of year 703,030 38,906 65,542
Supplemental information of cash flows:      
Interest paid in cash 165,790 227,352 267,357
Income taxes paid in cash $ 0 $ 0 $ 0