ARX Gold Corp

CIK:0001437467|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended		41 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
Revenues
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES:
Compensation	26,795	0	53,743	0	163,367
Professional fees	67,358	137,949	136,959	244,012	905,078
Development costs - related party	60,635	194,846	211,102	194,846	536,969
General and administrative	6,181	612	6,337	3,043	14,275
Total Operating Expenses	160,969	333,407	408,141	441,901	1,619,689
LOSS FROM OPERATIONS	(160,969)	(333,407)	(408,141)	(441,901)	(1,619,689)
OTHER EXPENSE
Loss from settlement of debt	0	0	(362,262)	0	(362,262)
NET LOSS	(160,969)	(333,407)	(770,403)	(441,901)	(1,981,951)
COMPREHENSIVE LOSS:
NET LOSS	(160,969)	(333,407)	(770,403)	(441,901)	(1,981,951)
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized foreign currency translation loss	(3,336)	(7,833)	(1,848)	(7,843)	(9,422)
COMPREHENSIVE INCOME (LOSS)	$ (164,305)	$ (341,240)	$ (772,251)	$ (449,744)	$ (1,991,373)
Net Loss per Common Share (Basic and Diluted)	$ 0	$ 0	$ 0	$ 0
Weighted Average Shares Outstanding:- Basic and Diluted	4,522,740,003	4,416,256,307	4,498,843,265	4,383,034,677

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		41 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (770,403)	$ (441,901)	$ (1,981,951)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	40,000	0	102,826
Non-cash contributed capital	0	44,704	412,637
Loss on settlement of debt	362,262	0	362,262
Changes in assets and liabilities:
GST tax receivable	0	(19,485)	0
Due from related party	0	645	(376)
Accounts payable	(23,824)	148,472	81,895
Accounts payable - related party officer	0	0	60,000
Accrued expenses	115,743	(64)	183,540
NET CASH USED IN OPERATING ACTIVITIES	(276,222)	(267,629)	(779,167)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans	1,053	73,600	517,003
Proceeds from related party advances	19	0	575
Repayment of related party advances	0	0	(527)
Proceeds from sale of common stock	287,420	225,000	287,420
Shareholder contribution	0	0	935
NET CASH PROVIDED BY FINANCING ACTIVITIES	288,492	298,600	805,406
Effect of Exchange Rate Changes on Cash	(6,519)	(8,035)	(14,086)
Net Increase in Cash	5,751	22,936	12,153
Cash, Beginning of Period	6,402	0	0
Cash, End of Period	12,153	22,936	12,153
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	0	0	0
Cash paid for income taxes	0	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Increase in accounts payable in connection with recapitalization	0	250	250
Increase in accrued expenses in connection with recapitalization	0	20,000	20,000
Common stock issued for settlement of debt	$ 72,938	$ 0	$ 72,938

CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2013	Apr. 30, 2013
Current Assets
Cash	$ 12,153	$ 6,402
Due from related party	367	400
Total Current Assets	12,520	6,802
Total Assets	12,520	6,802
Current Liabilities
Loans payable	441,752	515,962
Accounts payable	81,747	105,975
Accounts payable - related party officer	60,000	60,000
Accrued expenses	201,580	87,810
Due to related party	46	29
Total Current Liabilities	785,125	769,776
Total Liabilities	785,125	769,776
Commitments and Contingencies (Note 9)
Shareholders' Deficit
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding at October 31, 2013 and April 30, 2013	0	0
Common stock $0.001 par value; 5,000,000,000 shares authorized; 4,589,001,003 and 4,413,240,003 issued and outstanding at October 31, 2013 and April 30, 2013, respectively	4,579,001	4,413,240
Additional paid-in capital	(3,360,233)	(3,957,092)
Deficit accumulated during development stage	(1,981,951)	(1,211,548)
Accumulated other comprehensive loss	(9,422)	(7,574)
Total Stockholders' Deficit	(772,605)	(762,974)
Total Liabilities and Stockholders' Deficit	$ 12,520	$ 6,802