American Energy Development Corp.

CIK:0001499735|SEC Filings

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Sep. 30, 2013
Accounting Policies [Abstract]
WorkingInterestDansvilleProspect	43.75%
WorkingInterestOptionProspects	50.00%
WorkingInterestMagnoliaProspects	1.40%
ConcentrationRiskCustomersOustandingReceivables	100.00%

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended		43 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Cash flows from operating activities
Net loss	$ (4,541)	$ (133,701)	$ (15,614,816)
Additional paid-in capital in exchange for facilities provided by related party	900	900	12,900
Common stock issued for services		50,625	105,525
Depletion expense	480	3,645	28,594
Loss on sale of oil and gas property		0	(291,723)
Impairment of oil and gas properties			14,426,505
Decrease (Increase) in accounts receivable	(1,512)	9,472	(14,521)
Increase (decrease) in accounts payable and accrued expenses	3,748	242,904	322,882
Net cash used in operating activities	(925)	173,845	(441,208)
Cash flows from investing activities
Purchase and capitalized costs of oil and gas properties		(233,389)	(1,424,474)
Net cash used by investing activities		(233,389)	(1,424,474)
Cash flows from financing activities
Proceeds from issuance of common stock			1,880,557
Proceeds from issuance of stockholder loan	0		0
Net cash provided by financing activities			1,880,557
Effect of exchange rates on cash and cash equivalents	0		(6,117)
Net increase (decrease) in cash	(925)	(59,544)	8,758
Cash, beginning of period	9,683	84,452	0
Cash, end of period	8,758	24,908	8,758
Supplemental disclosure of cash flow information
Income taxes paid	0	0	0
Interest paid	0	0	0
Non-cash transactions
Forgiveness of debt from former shareholder	0		7,614
Common stock for services			117,525
Common stock for oil and gas properties			$ 12,704,223

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Jun. 30, 2013
ASSETS
Cash	$ 8,758	$ 9,683
Accounts receivable	14,521	13,009
Total current assets	23,279	22,692
Evaluated, net of accumulated depletion of $28,594 and $28,114 as of September 30, 2013 and June 30, 2013, respectively	405,220	405,700
Total assets	428,499	428,392
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable and accrued expenses	253,613	249,865
Total current liabilities	253,613	249,865
Preferred stock, $.001 par value; 5,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.001 par value; 3,000,000,000 shares authorized, and 102,331,448 and 102,331,448 shares issued and outstanding, as of September 30, 2013 and June 30, 2013, respectively	102,331	102,331
Additional paid-in capital	15,693,488	15,692,588
Accumulated other comprehensive loss	(6,117)	(6,117)
Deficit accumulated during the exploration stage	(15,614,816)	(15,610,275)
Total stockholders’ equity (deficit)	174,886	178,527
Total liabilities and stockholders’ equity (deficit)	$ 428,499	$ 428,392