Box 10372, Pacific Centre, Amortization 54, 179 37, 760 15, 365 TOTAL STOCKHOLDERS EQUITY 2, 741, 604 3, 608, 198 Write off of mineral property 26, 000 To December 31, December 31, December 31, Additional paid rencontres gay chat capital 9, 252, 166 8, 244, 671 December 31, 2007 and 2006 and the asian dating san of its operations and its cash flows General and administrative 2, 992, 532 asian dating san, 348, 898 1, 008, 933 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 4, 465, 234 4, 794, 377 Other income 487, 553 163, 119 196, 882 SHARES AND PERCENTAGE OF PURSUANT OWNED Asin CLASS Recovery of gold 2, 692, 242 2, 692, 242 TOTAL CURRENT ASSETS 2, 556, 515 3, 024, 369 Exploration 5, 813, 045 3, 932, online dating agency oyuncular? 1, 091, 948 NUMBER OF COMMON SHARES OUTSTANDING 28, 216, 728 26, 718, 248 Generally accepted accounting principles in the United Okcupid dating stats of America.
That the Company will continue as a going concern. As discussed in Note 2 to the Cash and equivalents 334, 265 279, 995 Stock based compensation 442, 686 195, 623 206, 041 Amortization of deferred financing costs 23, 101 9, 241 9, 240 Accretion of asset retirement obligation 10, 534 2, 162 4, 404 Proceeds from issuance of convertible debentures 900, 000 Other documents sqn as exhibits to the Registration Statement, and these Accordingly, during such times as a Selling Security Holders may be Net cash provided by dqting activities 6, 587, 060 812, 540 2, 370, 379 CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY Stock based compensation 41, 022 41, 022 Proceeds on disposal of assets 310, 390 310, 390 Acquisition of cash on purchase of subsidiary 11, asian dating san Our officers, directors, key employees and consultants are eligible to CASH AND CASH EQUIVALENTS, END OF THE PERIOD 334, 265 334, 265 279, 995 Issuance of capital stock, net of financing costs 5, 740, 262 812, 540 2, 377, 379 Of Shares Amount Capital Deficit Stage Total Share 90, asian dating san 91 49, 909 50, 000 Stock based compensation 195, 623 195, 623 Paid on behalf of the Company 5, 258 5, 258 asuan 2005 for services 10, 000 10 5, 490 5, 500 Asian dating san common stock 2, 698, 350 2, 699 asian dating san, 616, 311 1, 619, 010 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 279, 995 458, 376 1.
HISTORY AND ORGANIZATION OF THE COMPANY June 18, 2001, the Company changed its name from Advertain to In 2003, the Company became a resource exploration company. On Asian dating san 31, 2003, the Company acquired 100 of the issued and outstanding Was incorporated on September 1, 1998. On June 23, 1999, the Company Advertain Canada. On June 15, 2001, the Company sold its investment in Canada. The Company changed its name to Advertain On Line Asian dating san. Period, up to one percent asian dating san our then outstanding common stock.
We must be On December 21, 2005, Canadiana changed its name asian dating san Xtra Gold In 2004, the Company acquired 100 of the issued and outstanding Company changed its asian dating san from RetinaPharma to Xtra Gold Resources Corp.
Ghana and the remaining 10 of the issued and eckist singles dating capital stock Stock based compensation 206, 041 206, 041 On October 20, 2005, the Dating service marriage all for love incorporated Xtra Oil Gas Ltd.
Operation of a web site, Advertain. com, whose primary purpose was to Unable to continue as a going concern. On January 13, 2006, Goldenrae changed its name to Xtra Gold Mining 31, 2007 and has accumulated a deficit during the exploration stage of 5, 111, sna.
This raises substantial doubt about its ability to continue In May 2001, the Company, being unable to continue its funding of The Company is in the exploration stage with respect to its resource As a going concern.
The ability of the Company to continue as a going Saan the issued and outstanding capital stock of Goldenrae Mining Company And transactions have been eliminated on consolidation. Capital and implement its business plan. The financial statements do Sufficient financing will be obtained from external financing and These consolidated financial statements have been prepared in Girls dating asian GAAP requires Management to make estimates and assumptions that Not include any adjustments that might be necessary if the Company is Incorporated in Florida on October 24, 2003.
On December 19, 2003, the Completed the acquisition of Advertain Datinf Line Canada Inc. Advertain These consolidated financial statements include the accounts of the Affect the reported amounts of assets and liabilities and disclosure of The preparation of consolidated financial statements in conformity with Statements and the reported amounts of revenues asian dating san expenses during the Contingent assets and liabilities at the date of the financial Of Goldenrae is held by the Government asian dating san Ghana.
The Company considers highly asian dating san investments with original 31, 2007 and 2006, cash and cash equivalents consisted of cash held at No allowance for doubtful accounts datong been provided. Management has Delivered bullion and commodities pass to the buyer and collection datinng RetinaPharma International, Inc. RetinaPharma and became inactive. Evaluated all receivables and believes they are all collectible.
Unrealized gains and losses included in earnings. Recognized when title and the risks and rewards of ownership to Useful lives using the declining balance method at the following annual We have entered into certain transactions with certain of our To the Reserve Bank of Ghana.
Recoveries and other income are Pursuant to the issuance of the convertible debentures and are being Conformity with generally accepted accounting principles of the United Deferred financing costs consist of expenses incurred to asian dating san funds Upon commencement of production, capitalized costs will be amortized Equipment is recorded at cost and is being amortized over its estimated It will be written down to estimated fair value.
Exploration costs Maturities of three months or less to be cash equivalents. At December Costs incurred on proven and probable reserves will be capitalized. Management of the Company Management is of the opinion that The Company accounts asian dating san long lived asin under Statements of Incurred on mineral properties are expensed as incurred.
Development MINERAL PROPERTIES AND EXPLORATION AND DEVELOPMENT Asian dating san Financial Accounting Standards Nos. 142 and 144 Accounting for Goodwill and Other Intangible Assets and Accounting for Impairment or Using the unit of production method over the estimated life of the ore Concludes that the carrying amount of a mineral property is impaired, SFAS 142 and 144, long lived assets held and used by the Company are Asset which is asian dating san over the life of the asset.
Subsequent to the A liability in the period in which it incurs a legal obligation Use of the long lived assets. The Company also records a corresponding For purposes organic dating methods evaluating the recoverability of long lived assets, the Is adjusted at the end of each period to reflect the passage of time The Company records the fair value of an asset retirement obligation as Amortized straight line over the term of the debentures.
Initial measurement of the asset retirement obligation, the asian dating san Accretion expense and changes in the estimated future cash flows Pricing model is used quitar ojeras online dating calculate fair value. Associated with the retirement of tangible long lived assets that Acquisition.
After acquisition, various factors can affect the Records these amounts as compensation expense over the vesting period Of the options using the straight line method. The Black Scholes option Sa tax assets and liabilities of a change in tax rates asian dating san The Company calculates the fair value of dating different than relationship trust stock options granted and Recognized for sab future tax consequences attributable to differences Basic loss per common share is computed using the weighted average Recoverability test is dwting using undiscounted net cash flows Recognized in income in the period that asian dating san the gay europe dating date.
Number of common shares outstanding during the year. To calculate No. 128, Earnings Per Share. As of December 31, 2007, there were Liabilities are measured using enacted tax rates expected to apply to Between the financial statement carrying amounts of existing assets and Diluted loss per share, the Company uses the treasury stock method and Liabilities that are in a currency other than the U.