NORTH SPRINGS RESOURCES CORP.

CIK:0001492168|SEC Filings

Statements of Operations (USD $)	3 Months Ended		9 Months Ended		32 Months Ended
Statements of Operations (USD $)	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2012
IncomeStatementAbstract
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Operating Expenses
Consulting fees	0	0	0	0	15,000
General and administrative expenses	26,849	365	39,116	4,145	40,584
Impairment of oil and gas property	0	0	0	0	10,000
Management fees	0	0	4,500	0	4,500
Professional fees	17,040	0	48,040	7,593	62,508
Salaries and wages	30,000	0	60,000	0	60,000
Transfer agent and filing fees	28,947	0	32,283	0	39,017
Total Operating Expenses	102,836	365	183,939	11,738	231,609
Net loss before other expenses	(102,836)	(365)	(183,939)	(11,738)	(231,609)
Other Expenses
Accretion expense	(24,958)	0	(24,958)	0	(24,958)
Interest expense	(6,756)	0	(7,764)	0	(7,764)
Total other expenses	(31,714)	0	(32,772)	0	(32,722)
Net loss	$ (134,550)	$ (365)	$ (216,661)	$ (11,738)	$ (264,331)
Net loss per share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	666,434,783	624,847,800	685,442,029	541,616,000

Statements of Cash Flows (USD $)	9 Months Ended		32 Months Ended
Statements of Cash Flows (USD $)	Jan. 31, 2012	Jan. 31, 2011	Jan. 31, 2012
Operating Activities
Net loss for the period	$ (216,661)	$ (11,738)	$ (264,331)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion expense	24,958	0	24,958
Amortization	19	0	19
Loss on impairment of oil and gas property	0	0	10,000
Changes in working capital:
Accounts payable and accrued liabilities	44,627	0	44,627
Due to related parties	6,985	0	6,985
Net cash used in operating activities	(140,072)	(11,738)	(177,742)
Investing Activities
Acquisition of equipment	(1,400)	0	(1,400)
Mineral property expenditure	(705,990)	0	(705,990)
Working interest in oil project	0	(10,000)	(10,000)
Net cash used in investing activities	(707,390)	(10,000)	(717,390)
Financing Activities
Proceeds from issuance of common stock	0	29,100	31,600
Proceeds from issuance of convertible debenture	830,000	0	830,000
Proceeds from issuance of note payable	80,000	0	80,000
Proceeds from related party	0	12,826	16,070
Net cash provided by financing activities	910,000	41,926	957,670
Increase in cash	62,538	20,188	62,538
Cash, beginning of period	0	5,126	0
Cash, end of period	62,538	25,314	62,538
Non-cash investing and financing activities
Shares issued to acquire mineral property	50,000	0	50,000
Supplemental disclosures:
Interest paid	0	0	0
Income taxes paid	$ 0	$ 0	$ 0

Balance Sheets (USD $)	Jan. 31, 2012	Apr. 30, 2011
Current Assets
Cash	$ 62,538	$ 0
Total Current Assets	62,538	0
Equipment	1,381	0
Mineral Properties	755,990	0
Total Assets	819,909	0
Current Liabilities
Accounts payable and accrued liabilities	44,627	0
Due to related parties	23,055	16,070
Notes payable	80,000	0
Convertible Debenture, net of unamortized discount of $393,190	436,900	0
Total Liabilities	584,582	16,070
Stockholders Equity (Deficit)
Preferred stock, 50,000,000 shares authorized, $0.001 par value; No shares issued and outstanding	0	0
Common stock, 750,000,000 shares authorized, $0.001 par value; 616,000,000 and 694,000,000 shares issued and outstanding, respectively	616,000	694,000
Additional paid-in capital	(116,342)	(662,400)
Deficit accumulated during the exploration stage	(264,331)	(47,670)
Total Stockholders Equity (Deficit)	235,327	(16,070)
Total Liabilities and Stockholders Equity (Deficit)	$ 819,909	$ 0