BIG CAT ENERGY CORP

CIK:0001089272|SEC Filings

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		175 Months Ended
Condensed Statements of Operations (Unaudited) (USD $)	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2012
Revenues
Sales	$ 20,000	$ 40,000	$ 67,000	$ 40,000	$ 147,000
Lease revenue	0	19,375	6,875	69,375	285,625
Other	227	6,012	341	8,967	17,828
Total Revenues	20,227	65,387	74,216	118,342	450,453
Cost of ARID tools sold	659	2,845	2,168	2,845	14,204
Gross margin	19,568	62,542	72,048	115,497	436,249
Costs and expenses:
Personnel costs	88,587	500,773	258,698	718,546	9,246,108
Professional fees	10,386	24,585	48,339	116,646	903,070
Research and development	0	0	0	0	14,010
Selling expense	0	106,947	56,039	219,738	1,179,566
Depreciation and amortization	2,690	2,461	7,927	7,259	39,743
Other general and administrative	10,182	12,892	38,950	45,327	739,547
Operating loss	(92,277)	(585,116)	(337,905)	(992,019)	(11,685,795)
Other Income (Expense)
Interest income	1	94	4	583	124,388
Gain (loss) on sale of marketable securities	23,235	0	(36,190)	0	(36,190)
Valuation (loss) on marketable securities	0	0	(316,335)	0	(316,335)
Litigation proceeds	0	0	0	30,000	30,000
(Loss) on valuation from private placement	0	0	0	0	(433,000)
Loss before discontinued operations	(69,041)	(585,022)	(690,426)	(961,436)	(12,316,932)
Loss on discontinued operations	0	0	0	0	(517,181)
Net Loss	$ (69,041)	$ (585,022)	$ (690,426)	$ (961,436)	$ (12,834,113)
Net loss per share, basic and dilutive	$ 0.00	$ (0.01)	$ (0.01)	$ (0.02)
Weighted average number of common shares outstanding-basic and diluted	67,590,403	57,361,262	67,590,403	48,349,977

Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		186 Months Ended
Condensed Statements of Cash Flows (Unaudited) (USD $)	Jan. 31, 2012	Jan. 31, 2011	Dec. 31, 2012
Cash Flows From Operating Activities:
Net Loss	$ (690,426)	$ (961,436)	$ (12,834,113)
Adjustments to reconcile net loss to net cash used by operating activities:
Depletion, depreciation and amortization	7,927	7,259	39,743
Stock based compensation	0	605,206	6,470,396
Stock in lieu of payment	0	16,667	28,667
Contributed services and other	0	0	10,425
Cash flow from discontinued operations	0	0	833,369
Valuation loss on marketable securities	316,335	0	316,335
Loss on sale of marketable securities	36,190	0	36,190
Inventory write off	0	0	6,538
Changes in operating assets and liabilities:
Accounts receivable-trade related parties	11,375	(50,081)	(1,203)
Prepaid and other	7,421	1,624	(1,812)
Accounts payable and accrued liabilities	197,561	58,795	364,720
Accounts payable-related parties	(4,994)	0	3,300
Deferred revenue	(6,875)	(46,875)	0
Deferred salaries	0	12,000	128,250
Net cash (used in) operating activities	(125,486)	(356,841)	(4,599,195)
Cash flows from investing activities:
Purchase of unproven oil and gas properties	0	0	(1,794,231)
(Purchase) sale of inventory	0	2,012	(27,662)
Purchase of equipment	0	0	(19,520)
Proceeds from sale of marketable securities	146,631	0	146,631
Intangibles	(13,285)	(12,428)	(119,900)
Cash used in discontinued operations	0	0	(133,757)
Net cash provided by (used in) investing activities	133,346	(10,416)	(1,948,439)
Cash flows from financing activities:
Proceeds from related party advances	0	11,000	62,618
Repayment of related party advances	0	(11,000)	(40,036)
Proceeds from the sale of common stock	0	200,000	6,307,901
Payments for offering costs	0	0	(21,752)
Cash flow provided by discontinued operations	0	0	250,569
Net cash provided by financing activities	0	200,000	6,559,300
Net Increase (Decrease) in cash and cash equivalents	7,860	(167,257)	11,666
Cash and cash equivalents:
Beginning of period	3,806	192,312	0
End of period	11,666	25,055	11,666
Noncash investing and financing transactions:
Stock received as payment on private placement	0	517,426	517,426
Forgiveness of debt by related party, accounted for as capital contributed	0	0	22,582
Stock issued to related party for ARID technology	0	0	23,990
Spin off of Sterling Oil & Gas	0	0	1,794,231
Change in other comprehensive income (loss)	$ (218,819)	$ 0	$ 0

Condensed Balance Sheets (Unaudited) (USD $)	Jan. 31, 2012	Apr. 30, 2011
Current Assets:
Cash and cash equivalents	$ 11,666	$ 3,806
Accounts receivable-trade related parties	1,203	12,578
Inventory	19,615	19,615
Marketable securities, available for sale	21,203	739,180
Prepaid expenses and other current assets	3,321	9,233
Total current assets	57,008	784,412
Furniture and Equipment, at cost
Equipment leased	0	1,509
Furniture and equipment, net of accumulated depreciation	4,162	6,855
Total	4,162	8,364
Intangible Assets, net	119,507	111,453
Total Assets	180,677	904,229
Current Liabilities:
Accounts payable and accrued liabilities	364,721	167,159
Accounts payable-related parties	3,300	8,294
Deferred salaries	128,250	128,250
Deferred revenue	0	6,875
Total current liabilities	496,271	310,578
Stockholders’ Equity (Deficit):
Common stock - $.0001 par value; 100,000,000 shares authorized; 67,590,403 shares issued and outstanding	6,759	6,759
Additional paid-in capital	12,508,825	12,508,825
Accumulated other comprehensive income (loss)	2,935	221,754
(Deficit) incurred during the development stage	(12,834,113)	(12,143,687)
Total stockholders’ equity (deficit)	(315,594)	593,651
Total Liabilities and Stockholders’ Equity	$ 180,677	$ 904,229