$ATMH

TORON INC.

CIK:0001484674|SEC Filings

TORON, INC. AND SUBSIDIARY- Consolidated Statements of Operations (USD $)	3 Months Ended		76 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Operating Expenses
General and administrative	$ 14,567	$ 8,712	$ 358,033
Exploration costs			7,149
Impairment loss on mineral properties	1,533		1,727,083
Total Operating Expenses	16,100	8,712	2,092,265
Other (Income) Expenses
Loss (Gain) on derivative liability	7,798	(8,767)	36,630
Gain on settlement of debt			(5,899)
Accretion of discount on convertible debt	1,149		38,649
Amortization of deferred financing costs			2,500
Interest expense	1,727	1,888	62,468
Total Other (Income) Expenses	10,674	(6,879)	134,348
Loss From Continuing Operations	(26,774)	(1,833)	(2,226,613)
Loss from Discontinued Operations			(53,843)
Net Loss	$ (26,774)	$ (1,833)	$ (2,280,456)
Net Loss Per Share
Continuing Operations (in Dollars per share)	$ 0.00	$ 0.00
Discontinued Operations (in Dollars per share)	$ 0.00	$ 0.00
Net Loss Per Share – Basic and Diluted (in Dollars per share)	$ 0.00	$ 0.00
Weighted Average Shares Outstanding – Basic and Diluted (in Shares)	343,589,000	231,784,000

TORON, INC. AND SUBSIDIARY - Consolidated Statement of Cash Flows (USD $)	3 Months Ended		76 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014
Cash Flows from Operating Activities
Net loss	$ (26,774)	$ (1,833)	$ (2,280,456)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment loss on intangible asset, related to discontinued operations			6,000
Impairment loss on mineral properties	1,533		1,727,083
Change in fair value of derivative liability	7,798	(8,767)	36,630
Debt discount amortization and origination interest	1,150		91,852
Gain on settlement of debt			(5,899)
Expenses paid by related parties	5,400	5,389	66,654
Expenses paid by third parties			3,630
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(18,461)	5,211	120,995
Net Cash Used in Operating Activities	(29,354)		(233,511)
Cash Flows from Investing Activities
Payments to acquire mineral properties			(160,000)
Acquisition of intangible asset			(6,000)
Net Cash Used in Investing Activities			(166,000)
Cash Flows from Financing Activities
Proceeds from advances			266,515
Due to related parties			1,535
Proceeds from issuance of convertible debt			77,500
Proceeds from the issuance of common stock, related to discontinued operations			55,600
Net Cash Provided by Financing Activities			401,150
Increase (Decrease) in Cash	(29,354)		1,639
Cash - Beginning of Period	30,993
Cash - End of Period	1,639		1,639
Supplemental Information:
Interest paid	0	0	0
Income taxes paid	0	0	0
Supplemental disclosure of noncash investing and financing activities:
Common stock issued for mineral properties			1,565,550
Contribution to capital from extinguishment of derivative liabilities			79,299
Mineral claim acquisition payments made by related party on behalf of Company	$ 1,533		$ 1,533
Common stock issued upon conversion of convertible note and accrued interest (in Shares)	97,560,976	24,700	57,750

TORON, INC. AND SUBSIDIARY - Consolidated Balance Sheets (Unaudited) (USD $)	Apr. 30, 2014	Jan. 31, 2014
Current Assets
Cash	$ 1,639	$ 30,993
Total Assets	1,639	30,993
Current Liabilities
Accounts payable and accrued liabilities	129,585	148,046
Advances	259,254	259,254
Due to related parties	53,733	46,800
Derivative liability	52,096	44,298
Convertible debt	1,807	657
Total Current Liabilities	496,475	499,055
Long-term note payable	10,891	10,891
Total Liabilities	507,366	509,946
Common stock, 850,000,000 shares authorized, $0.001 par value; 343,589,316 shares issued and outstanding	343,589	343,589
Additional paid-in capital	1,431,140	1,431,140
Deficit accumulated during the development stage	(53,843)	(53,843)
Deficit accumulated during the exploration stage	(2,226,613)	(2,199,839)
Total Stockholders’ Deficit	(505,727)	(478,953)
Total Liabilities and Stockholders’ Deficit	$ 1,639	$ 30,993