$NWPG

Newport Gold, Inc.

CIK:0001289223|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		6 Months Ended		119 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Expenses
Officers compensation	$ 30,000	$ 30,000	$ 59,925	$ 60,027	$ 587,472
Accounting and legal	6,253	22,918	9,922	32,102	509,458
Geological consulting fees	2,850	7,411	2,850	7,411	563,252
Office and travel	998	3,279	998	3,279	94,389
Interest	367	235	424	250	3,735
Bank charges					580
Write-down of mineral interest					2,397,663
Investor relations					115,535
Consulting					110,000
Resource property expenditures					86,852
Filing and transfer agent fees	2,825	4,513	16,717	8,461	86,172
Occupancy costs					17,514
Depreciation					5,620
Foreign exchange (gain)	(9,418)		(9,418)		(9,546)
Net (loss)	(33,875)	(68,356)	(81,418)	(111,530)	(4,568,696)
Foreign currency translation adjustment					148,872
Total comprehensive (loss)	$ (33,875)	$ (68,356)	$ (81,418)	$ (111,530)	$ (4,419,824)
Net loss per share - basic and diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average number of common shares outstanding - basic and diluted	49,377,646	36,823,720	49,377,646	36,823,720

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended		119 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Operating Activities
Net (loss)	$ (81,418)	$ (111,530)	$ (4,568,696)
Items not involving cash
Depreciation			5,620
Write down of mineral interest			2,397,663
Imputed interest on loans			3,250
Total	(81,418)	(111,530)	(2,162,163)
Changes in non cash operating assets and liabilities
Prepaid expenses			(207)
Reclamation of bonds			716
Accounts payable and accrued liabilities	6,127	87,361	183,485
Accrued officers salaries	55,000		24,000
Due to related parties			29,778
Total	61,127	87,361	237,772
Cash Used in Operating Activities	(20,291)	(24,169)	(1,924,391)
Investing Activities
Purchase of equipment			(5,034)
Acquisition of mineral interests			20,872
Cash Used in Investing Activities			15,838
Financing Activities
Loan payable-shareholders			246,737
Subscriptions received			237,150
Sale of common shares and warrants			1,359,733
Cash Provided by Financing Activities			1,843,620
Inflow/(Outflow) of cash	(20,291)	(24,169)	(64,933)
Effect of exchange rate change on cash balances held in foreign currencies			71,222
Cash, Beginning of period	26,580	41,847
Cash, End of period	6,289	17,678	6,289
Supplemental information:
Subscriptions receivable			8,010
Interest paid
Taxes paid
Non-Cash Investing and Financing Activities:
Conversion of payables into common shares			370,927
Issuance of common shares for mineral properties			2,297,900
Issuance of common shares for debt conversion			$ 711,861

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Current
Cash and cash equivalents	$ 6,289	$ 26,580
Prepaid expenses	233	233
Total	6,522	26,813
Long-term
Mineral interests (Note 5)	35,397	35,397
Equipment (Note 6)
Total Long-term	35,397	35,397
Total Assets	41,919	62,210
Current
Accounts payable and accrued liabilities	162,288	156,161
Accrued officers salaries (Note 7)	55,000
Due to related parties (Note 7)	34,240	34,240
Total Liabilities	251,528	190,401
Stockholder's Deficit
Common stock - Authorized 100,000,000 common shares with a par value of $0.001 per share. Issued and outstanding 57,310,070 at June 30, 2013 and December 31, 2012. (Note 8)	57,310	57,310
Additional paid-in capital	4,152,905	4,152,905
Subscriptions receivable
Accumulated other comprehensive income	148,872	148,872
Accumulated deficit - during exploration stage	(4,568,696)	(4,487,278)
Total Stockholder's Deficit	(209,609)	(128,191)
Total Liabilities and Stockholder's Deficit	$ 41,919	$ 62,210