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EXCEL - IDEA: XBRL DOCUMENT - ARROW RESOURCES DEVELOPMENT INCFinancial_Report.xls
10-K - 10-K - ARROW RESOURCES DEVELOPMENT INCv309225_10k.htm
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EX-32.2 - EXHIBIT 32.2 - ARROW RESOURCES DEVELOPMENT INCv309225_ex32-2.htm
EX-31.2 - EXHIBIT 31.2 - ARROW RESOURCES DEVELOPMENT INCv309225_ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - ARROW RESOURCES DEVELOPMENT INCv309225_ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - ARROW RESOURCES DEVELOPMENT INCv309225_ex32-1.htm
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v2.4.0.6
Consolidated Statements of Cash Flows (During the Development Stage) (USD $)
12 Months Ended 73 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Net loss $ (8,816,833) $ (8,867,237) $ (164,428,091)
Adjustments to reconcile net loss to net cash used in operating activities:      
Net non-cash change in stockholders' equity due to recapitalization transaction 0 0 1,264,217
Loss on write-off of marketing and distribution agreement 0 0 125,000,000
Common stock issued for reset of previous subscription agreement 0 0 5,525
Common stock to be issued for reset of previous subscription agreement 0 0 44,400
Common stock issued for note payable interest 27,000 0 27,000
Common stock to be issued for note payable interest 10,000 0 10,000
Debt issue costs to be satisfied in Company common stock 0 0 1,256,320
Debt issue costs satisfied in Company common stock 0 0 80,000
Loss on common stock issued for debt conversion 1,100,000 1,182,500 3,054,500
Common stock issued for conversion due to related party 0 0 (39,000)
Debt issue costs paid in cash 0 0 50,000
Common stock issued for marketing services 0 0 122,500
Common stock to be issued for consulting services 0 0 246,007
Expense related to common stock issued for consulting services, in lieu of cash 0 585,000 585,000
Stock-based directors' compensation to be issued 15,000 52,500 240,041
Changes in operating asset and liabilities:      
Increase in accounts and accrued expenses payable 3,808,595 3,724,193 14,604,840
Estimated liability for legal judgment obtained by predecessor entity shareholder 63,203 63,203 1,393,101
Net cash used in operating activities (3,793,035) (3,259,841) (16,483,640)
Cash flows from investing activities:      
Cash acquired as part of merger transaction 0 0 39,576
Advances to related party (20,000) (37,500) (957,775)
Net cash used in investing activities (20,000) (37,500) (918,199)
Cash flows from financing activities:      
Proceeds of issuance of note payable 80,000 252,000 2,201,000
Proceeds of loans received from related parties 587,980 0 2,462,980
Repayment towards loan from related party 0 0 (179,425)
Cash proceeds from common stock subscription sale 30,000 0 30,000
Net increase in due to related parties attributed to operating expenses paid on the Company's behalf by the related party 3,115,105 3,045,262 10,605,348
Net increase in investments/capital contributed 0 0 2,232,000
Advances from senior advisor 0 0 50,000
Net cash provided by financing activities 3,813,085 3,297,262 17,401,903
Net change in cash 52 (79) 64
Cash balance at beginning of period 12 91 0
Cash balance at end of period 62 12 62
Supplemental disclosures of cash flow information:      
Income taxes 0 0 0
Interest expense 0 0 0
Non-cash investing and financing activities:      
Non-cash purchase of marketing and distribution agreement 0 0 125,000,000
Settlement of senior note payable through issuance of convertible preferred stock 0 0 125,000,000
Non-cash acquisition of accrued expenses in recapitalization 0 0 421,041
Non-cash acquisition of notes payable in recapitalization $ 0 $ 0 $ 220,000