Blaze Energy Corp.
CIK:0001442215|SEC Filings
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2013
|
Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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|
| Statements of Operations [Abstract] | ||||
| Revenue | ||||
| Expenses | ||||
| Professional Fees | 10,000 | |||
| Property taxes | 20,145 | 26,437 | ||
| Depreciation expense | 919 | 1,170 | 2,758 | |
| Miscellaneous | 3,441 | |||
| Total expenses | 20,145 | 919 | 41,048 | 2,758 |
| Loss from operations | (20,145) | (919) | (41,048) | (2,758) |
| Net Loss | $ (20,145) | $ (919) | $ (41,048) | $ (2,758) |
| Net loss per common share - basic and fully diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted average number of common shares outstanding | 225,498,074 | 90,865,804 | 140,300,564 | 90,865,804 |
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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
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Sep. 30, 2012
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| Cash flows from operating activities | ||
| Net Loss | $ (41,048) | $ (2,758) |
| Depreciation | 1,170 | 2,758 |
| Increase (decrease) in operating assets and liabilities: | ||
| Due from shareholder | 2,457,333 | |
| Accounts payable | (84,344) | |
| Accrued ad valorem taxes | 60,435 | |
| Advances from Wastech, Inc. | 35,757 | |
| Net cash used in operating activities | 2,429,303 | |
| Cash flows from investing activities | ||
| Acquisition of West Virginia mineral rights | (51,000,000) | |
| Net cash used in investing activities | (51,000,000) | |
| Cash flows from financing activities | ||
| Issuance of common shares | 50,946,147 | |
| Cancellation of common shares | (2,375,450) | |
| Net cash provided by financing activities | 48,570,697 | |
| Net increase in cash | ||
| Cash - beginning of period | ||
| Cash - end of period | ||
| SUPPLEMENTARY DISCLOSURE OF NON-CASH TRANSACTIONS | ||
| Shares issued for acquisition | $ 50,946,147 | |