NEW AMERICA ENERGY CORP.

CIK:0001373853|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2013
Details
Revenue	$ 0	$ 0	$ 0
Cost of sales	0	0	0
Gross profit	0	0	0
Operating expenses
General and administrative	131,173	371,283	379,224
Compensation expense	0	156,349	0
Total operating expenses	131,173	527,632	379,224
Loss from operations	(131,173)	(527,632)	(379,224)
Other income (expense)
Interest expense	(155,958)	(163,819)	(122,910)
Amortization of debt discounts	(181,306)	(111,179)	(211,172)
Gain (loss) on conversion of debt	0	(186,060)	0
Change in derivative liability	148,312	251,282	0
Total other income (expense)	(188,952)	(209,776)	(334,082)
Income (loss) before taxes	(320,125)	(737,408)	(713,306)
Provision for taxes	0	0	0
Net Income (loss)	$ (320,125)	$ (737,408)	$ (713,306)

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (loss)	$ (320,125)	$ (737,408)	$ (713,306)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	1,220	120	0
Shares issued for consulting services	0	47,456	0
Write-off of receivables and fixed assets	3,405	0	0
Amortization, other	172,470	95,014	211,172
Gain (loss) on conversion of debt	0	186,060	0
Noncash stock issuance	0	156,349	0
Equity issued for purchase of assets	0	105,000	0
Convertible notes issued for cash	0	0	250,000
Amortization of financing costs	0	0	2,391
Change in fair value of derivatives	(134,733)	(243,482)
Financing costs	114,596	116,279	101,352
Change in current assets and liabilities:
Increase (decrease) accounts payable	1,750	104,912	14,346
Increase (decrease) accounts payable - related	0	0	20,681
Increase (decrease) accrued interest	38,829	24,521	19,167
Net cash used in operating activities	(122,847)	(85,803)	(94,197)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of furniture and equipment	(3,678)	(3,109)	0
Issuance of loans receivable	(3,240)	0	0
Prepayment of loans receivable	342	0	0
Net cash used by investing activities	(6,576)	(3,109)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party debt	0	0	2,285
Proceeds from sale of common stock	0	0	13,500
Proceeds from issuance of convertible notes	124,950	94,500	0
Net cash provided by financing activities	124,950	94,500	15,785
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,473)	5,588	(78,412)
CASH, BEGINNING BALANCE	5,588	4	78,416
CASH, ENDING BALANCE	1,115	5,588	4
Supplemental cash flow information
Interest	0	0	0
Income taxes	0	0	0
Supplemental disclosure of non-cash financing activities
Equity issued for purchase of assets	0	105,000	0
Noncash stock issuance	0	156,349	0
Common stock issued for conversion of debt, noncash	0	357,812	0
Shares issued to acquire option on mineral property	$ 0	$ 0	$ 200,000

Balance Sheets - USD ($)	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2013
Current Assets
Cash	$ 1,115	$ 5,588	$ 4
Loans receivable	0	0	0
Total current assets	1,115	5,588	4
Total assets	1,115	5,588	4
Current liabilities:
Accounts payable	115,318	113,568	23,567
Accounts payable - related party	20,681	20,681	20,681
Accrued interest	83,553	42,191	20,867
Short-term notes	95,370	95,370	202,285
Convertible note payable	443,655	262,350	211,172
Derivative liability	463,374	372,139	351,352
Total current liabilities	1,221,951	906,299	829,924
Total Liabilities	1,221,951	906,299	829,924
Shareholders' deficit:
Preferred shares	0	0	0
Common shares	500,850	500,850	53,312
Additional paid-in capital	1,315,194	1,315,194	1,096,115
Accumulated deficit	(3,036,880)	(2,716,755)	(1,979,347)
Total Stockholders Deficit	(1,220,836)	(900,711)	(829,920)
Total liabilities and shareholders' deficit	$ 1,115	$ 5,588	$ 4