AMERICAS WIND ENERGY CORP

CIK:0001265840|SEC Filings

CONDENSED CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AMERICAS WIND ENERGY CORP FOR THE NINE MONTH PERIODS ENDED APRIL 30, 2012 AND 2011 AND CUMULATIVE FROM INCEPTION (JULY 29, 2002) THROUGH APRIL 30, 2012 (USD $)	3 Months Ended		9 Months Ended		117 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012
Operating Expenses
General and Administrative Expense (note 7)	$ 101,546	$ 93,123	$ 303,162	$ 314,100	$ 3,470,802
Other Depreciation and Amortization	46	66	146	207	56,209
Operating Expenses	101,592	93,189	303,308	314,307	3,527,011
Operating Income (Loss)	(101,592)	(93,189)	(303,308)	(314,307)	(3,527,011)
Investment Income, Nonoperating
Gain (Loss) on sale of Investment in Emergya Wind Technologies B.V. Inc.					1,129,247
Other Nonoperating Income (Expense)				996	84,628
Gain (Loss) Related to Foreign Exchange	3	20	36	23	32,667
Interest and Debt Expense
Interest and Financing Expense	(46,697)	(38,454)	(128,010)	(103,884)	(1,137,919)
Interest and Debt Expense	(46,694)	(38,434)	(127,974)	(102,865)	108,623
Income (Loss) from Discontinuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(148,286)	(131,623)	(431,282)	(417,172)	(3,418,388)
Income Tax Expense (Benefit)
Benefit from income taxes (note 8)					56,703
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest					(1,622,311)
Net Income (Loss)	(148,286)	(131,623)	(431,282)	(417,172)	(4,983,996)
Preferred Stock Dividends and Other Adjustments
Foreign Currency translation Adjustments	2,802	(122,839)	88,021	(161,069)	(297,375)
Comprehensive Income (Loss)	$ (145,484)	$ (254,462)	$ (343,261)	$ (578,241)	$ (5,281,371)
Earnings Per Share
Loss per Share - Basic and Diluted Continuing Operations	$ 0.00	$ (0.01)	$ (0.01)	$ (0.01)
Weighted Average Number of Shares Outstanding, Basic and Diluted	62,503,894	62,503,894	62,503,894	62,503,894

CONDENSED CONSOLIDATED ITERIM CASH FLOW STATEMENT AMERICAS WIND ENERGY CORP AND SUBSIDIARIES FOR THE NINE-MONTH PERIODS ENDED APRIL 30, 2012 AND CUMULATIVE FROM INCEPTION (JULY 29, 2002) THROUGH APRIL 30, 2012 (USD $)	9 Months Ended		117 Months Ended
	Apr. 30, 2012	Apr. 30, 2011	Apr. 30, 2012
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (431,282)	$ (417,172)	$ (4,983,996)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation and Amortization	146	207	56,210
Interest on convertible loan payable			30,250
Accretion on convertible loan payable			75,442
Gain (Loss) on sale of investment in EWT B.V. Inc.			(1,129,247)
Increase (Decrease) in Operating Assets
Increase (Decrease) in Accounts Receivables			(46,405)
Other Receivables	10,259	(10,119)	(2,488)
Increase (Decrease) in Prepaid Expense	(74,957)	(7,400)	(139,585)
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable	195,249	72,754	366,769
Increase (Decrease) in Accrued Liabilities	(46,278)	(1,416)	86,347
Net Cash Provided by Discontinued Operations			(1,904,921)
Net Cash Provided by (Used in) Operating Activities	(346,863)	(363,146)	(5,686,703)
Net Cash Provided by (Used in) Investing Activities
Payments to Acquire Equipment			(166,485)
Payments for (Proceeds from) Sale of investment in Emergya Wind Technologies B.V. Inc.Investments			1,931,479
Net Cash Provided by (Used in) Investing Activities			1,764,994
Net Cash Provided by (Used in) Financing Activities
Proceeds from (Repayments of) bank overdraft	(10,559)	6,209	18,813
Proceeds from Increase in Long-term loan payable			1,212,192
Proceeds from (Repayments of) Notes Payable	11,306	14,722	323,787
Stock Issuance Costs			(162,500)
Proceeds from Advances from Investors			1,321,667
Proceeds from Issuance of Warrants			75,000
Proceeds from Issuance or Sale of Common Stock or Equity		150,000	2,550,090
Payments for advances from Investors			(1,321,677)
Due to Stockholders	258,095	326,515	1,707,860
Advances from Digital Predictive Systems Inc.			1,713,046
Repayment to Digital Predictive Systems Inc.			(1,713,046)
Cash of Subsidiary Acquired			231
Proceeds from (Payments for) Effect of Exchange Rate Change on Cash	88,021	(134,300)	101,157
Net Cash Provided by (Used in) Financing Activities	$ 258,842	$ 497,446	$ 5,725,473

CONDENSED CONSOLIDATED INTERIM BALANCE SHEET AMERICAS WIND ENERGY CORP AND SUBSIDIARIES APRIL 30, 2012 AND JULY 31, 2011 (USD $)	Apr. 30, 2012	Jul. 31, 2011
Assets, Current
Accounts Receivable, Net, Current	$ 2,488	$ 12,747
Prepaid Expense, Current	139,585	64,628
Assets, Current	142,073	77,375
Assets, Noncurrent
Property, Plant and Equipment, Net (note 3)	553	736
Assets	142,626	78,111
Liabilities, Current
Accounts Payable, Current (note 7)	366,769	171,517
Accrued Liabilities, Current (note 7)	86,347	132,625
Bank indebtedness Short-term Bank Loans and Notes Payable (note 4)	18,813	29,412
Loans Payable, Convertible Current (note 6)	427,356	416,050
Due to stockholders (note 5)	1,707,860	1,449,765
Liabilities	2,607,145	2,199,369
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Additional Paid in Capital, Common Stock	2,810,602	2,810,602
Accumulated Deficit during the Development Stage	(4,983,996)	(4,552,714)
Retained Earnings (Accumulated Deficit)	(297,375)	(385,396)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(2,464,519)	(2,121,258)
Liabilities and Equity	$ 142,626	$ 78,111