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Restated Statement of Cash Flows
12 Months Ended
Aug. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Restated Statement of Cash Flows

 

   For the Years Ended        
   August 31,  August 31,   
   2013  2013   
   (Restated)  (As Filed)   
Operating activities:               
Net loss  $(653,459)  $(653,617)   Change due to elimination of goodwill amortization. 
                
Adjustments to reconcile net loss to net cash used               
  in operating activities:               
Depreciation and amortization   5,456    5,614    Change due to elimination of goodwill amortization. 
Loss on disposal of property and equipment   —      —        
Amortization of discount on notes payable and warrants   —      —        
Loss on conversion of notes payable - related parties   10,241    10,241      
Induced conversion expense notes payable   —      —        
Issuance of stock and warrants for fees   145,406    145,406      
Issuance of note for fees   65,000    —      Reclassification of note issued for payment of fees related to Angels acquisition to correct actual cash paid. 
                
Changes in operating assets and liabilities:               
Accounts receivable   4,031    124,511    Adjusted to correct actual cash received. 
Prepaid expenses and other current assets   9,566    9,566    Adjusted to correct actual cash received. 
Inventory   69,610    69,611      
Deposits and other assets   —      —        
Accounts payable and other accrued expenses   206,591    404,540    Adjusted to reflect payables and accrued expenses as part of Dotolo Acquisition. 
Accrued interest payable - related parties   17,090    6,831    Adjusted to reflect portion of related party accrued interest as part of Dotolo Acquisition 
Accrued interest payable   14,651    24,394    Adjusted to reflect portion of accrued interest as part of Dotolo Acquisition 
                
Net cash used in operating activities   (105,817)   147,097      
                
Investing activities:               
Purchase of property and equipment   —      —        
Acquisition of Dotolo subsidiary   1,653    (195,781)   Amounts changed to reflect the cash received in the acquisition 
Acquisition of Angels subsidiary   (72,879)   (128,359)   Amounts changed to properly reflect the actual cash outlay for the acquisition. 
                
Net cash used in investing activities   (71,226)   (324,140)     
                
Financing activities:               
 Proceeds from issuance of convertible notes               
payable - related parties   —      —        
 Proceeds from issuance of notes payable - related parties   33,361    33,361      
 Proceeds from issuance of notes payable   120,000    120,000      
 Proceeds from the issuance of common stock   106,000    106,000      
 Repayment of notes payable   (25,917)   (25,917)     
 Repayment of notes payable - related parties   (18,876)   (18,876)     
 Repayment of convertible notes payable - related parties   —      —        
                
Net cash provided by financing activities   214,568    214,568      
                
Net increase (decrease) in cash and cash equivalents   37,525    37,525      
                
Cash and cash equivalents, beginning of period   1,931    1,931      
                
Cash and cash equivalents, end of period  $39,456   $39,456