Aziel Corp.

CIK:0001436309|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended				9 Months Ended		12 Months Ended	77 Months Ended	80 Months Ended	86 Months Ended
Statements of Operations (Unaudited) (USD $)	Feb. 28, 2014	Aug. 31, 2013	Feb. 28, 2013	Aug. 31, 2012	Feb. 28, 2014	Feb. 28, 2013	May 31, 2013	May 31, 2013	Aug. 31, 2013	Feb. 28, 2014
Income Statement [Abstract]
Revenue
Expenses
Impairment loss on mineral claim								13,512	13,512	13,512
Legal & accounting	9,902	6,900	6,831		27,702	21,768	31,589	98,198	105,098	125,900
General & administrative	17,445	19,370	37,129		60,818	46,415	64,166	142,061	161,430	202,879
Management fees	12,500	161,500	7,500		243,837	7,500	22,500	22,500	184,000	266,337
Stock based compensation	75,850		486,799		415,175	486,799				1,291,354
Exploration costs	8,500	12,655			21,155		15,057	15,057	27,712	36,212
Amortization	333	333	111		1,000	111	444	444	777	1,444
Total expenses	124,530	415,941	538,370		769,687	562,593	1,009,935	1,167,951	1,583,891	1,937,638
Operating loss	(124,530)	(415,941)	(538,370)		(769,687)	(562,593)	(1,009,935)	(1,167,951)	(1,583,891)	(1,937,638)
Other expenses
Interest expense on letter of credit	(33,522)	(78,742)	(13,495)		(195,798)	(13,495)	(91,768)	(91,768)	(170,510)	(287,566)
Net loss	$ (158,052)	$ (494,683)	$ (551,865)		$ (965,485)	$ (576,088)	$ (1,101,703)	$ (1,259,719)	$ (1,754,401)	$ (2,225,204)
Basic Loss per share	$ 0.00	$ (0.01)	$ 0.00		$ (0.01)	$ (0.01)
Weighted average No. of common shares outstanding - basic	75,750,000	75,750,000	75,750,000		75,750,000	75,750,000

Statement of Cash Flows (Unaudited) (USD $)	9 Months Ended		86 Months Ended
Statement of Cash Flows (Unaudited) (USD $)	Feb. 28, 2014	Feb. 28, 2013	Feb. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (965,485)	$ (576,088)	$ (2,225,204)
Adjustments to reconcile net loss to net cash used in operating activities
Amortization	1,000	111	1,444
Amortization of beneficial conversion feature	195,887	13,495	287,655
Stock based compensation	415,175	499,119	1,291,354
Changes in operating assets and liabilities:
Increase in accrued management fee due to related party	1,553	8,488	(11,200)
Increase (decrease) in prepaid expenses	(2,297)	(1,095)	27,813
(Increase) decrease in accrued liabilities			13,512
Net cash provided by (used in) operating activities	(354,167)	(55,970)	(614,625)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of mineral claims	(35,980)	(50,000)	(166,492)
Advance paid for claims staking		(25,000)	(25,000)
Website development cost incurred		(4,000)	(4,000)
Net cash used in investing activities	(35,980)	(79,000)	(128,492)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock			27,000
Subscription payable	50,000		50,000
Contributed capital by related party			1,000
Payments to other loans	(11,641)
Repayment of loan from related party	(65,163)	(54,000)	(187,163)
Proceeds from loan from related party	117,500	106,580	348,678
Proceeds from letter of credit	204,975	300,000	530,975
Net cash provided by financing activities	295,671	352,580	770,490
(Decrease) increase in cash and cash equivalents	(94,476)	217,610	27,373
Cash and cash equivalents, beginning of period	121,849	459
Cash and cash equivalents, end of period	27,373	218,069	27,373
SUPPLEMENTAL INFORMATION:
Beneficial conversion feature	5,332		265,332
Stock payable for interest	17,588		17,588
Stock payable for advance on acquisition of mineral claim			$ 42,000

Balance Sheets (Unaudited) (USD $)	Feb. 28, 2014	May 31, 2013
CURRENT ASSETS
Cash and cash equivalents	$ 27,373	$ 121,849
Prepaid expenses	11,200	12,753
Advance on mineral claims		67,000
Total current assets	38,573	201,602
Other current assets
Mineral claims (Note 5)	152,980	50,000
Website net amortization (Note 4)	2,556	3,556
Total other assets	153,536	53,556
TOTAL ASSETS	194,109	255,158
CURRENT LIABILITIES
Accounts payable and accrued liabilities (Note 6)	32,549	34,846
Other loans (Note 11)		11,641
Due to related party (Note 9)	161,515	109,178
Letter of credit, net of beneficial conversion feature discount of $nil and $172,967, respectively (Note 10)	530,975	153,033
Total current liabilities	725,039	308,698
TOTAL LIABILITIES	725,039	308,698
STOCKHOLDERS' DEFICIT
Common stock $0.001 par value; authorized 2,250,000,000 shares; issued and outstanding: 75,750,000 and 75,750,000, respectively.	75,750	75,750
Additional paid-in capital	1,434,336	1,089,679
Subscription payable	50,000
Stock payable	181,938	88,500
Deficit accumulated during the exploration stage	(2,272,954)	(1,307,469)
Total stockholders' deficit	(530,930)	(53,540)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 194,109	$ 255,158