TORRENT ENERGY CORP
CIK:0000859747|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Nov. 30, 2017 |
Nov. 30, 2016 |
Nov. 30, 2017 |
Nov. 30, 2016 |
|
| Consolidated Statements Of Operations | ||||
| Revenue | $ 33,000 | $ 88,000 | ||
| Operating Expenses | ||||
| Selling and general and administrative | 8,231 | 1,106,626 | ||
| Total operating expenses | 8,231 | 1,106,626 | ||
| Net loss from operations | 24,769 | (1,018,626) | ||
| Other Income (expense) | ||||
| Gain on sale of marketable securities | 205,388 | 1,833,402 | ||
| Unrealized gain (loss) on marketable securities | (145,869) | (12,130,588) | ||
| Interest expense, net | (302,280) | (201,619) | (566,866) | (311,368) |
| Gain (loss) on derivatives | (1,191,207) | (308,769) | (3,371,515) | (413,265) |
| Loss on settlement of debt | (164,277) | |||
| Total other expense | (1,433,968) | (510,388) | (14,399,844) | (724,633) |
| Net loss from continued operation | (1,409,199) | (510,388) | (15,418,470) | (724,633) |
| Loss from Discontinued Operations, Net of Tax Benefits | (31,867) | (1,017,679) | ||
| Net loss | (1,409,199) | (542,255) | (15,418,470) | (1,742,312) |
| Dividend on Series F Preferred Stock | (243,726) | (701,089) | ||
| Net loss attributable to common stockholders | $ (1,652,925) | $ (542,255) | $ (16,119,559) | $ (1,742,312) |
| Basic loss per common share from: | ||||
| Continuing operations | $ (0.00) | $ (0.00) | $ (0.02) | $ (0.01) |
| Discontinued operations | (0.00) | (0.01) | ||
| Net income (loss) | $ (0.00) | $ (0.00) | $ (0.02) | $ (0.02) |
| Weighted average number of common shares outstanding, basic | 1,623,023,748 | 116,973,695 | 924,978,835 | 107,030,637 |