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EXCEL - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.Financial_Report.xls
XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R8.htm
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XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R7.htm
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XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R27.htm
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XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R26.htm
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XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R25.htm
EX-31.2 - EXHIBIT 31.2 - LIBERTY ENERGY CORP.ex31_2apg.htm
EX-32.1 - EXHIBIT 32.1 - LIBERTY ENERGY CORP.ex32_1apg.htm
EX-32.2 - EXHIBIT 32.2 - LIBERTY ENERGY CORP.ex32_2apg.htm
10-K - LBYE 10-K 07/31/12 - LIBERTY ENERGY CORP.lbye10k_073112apg2.htm
XML - IDEA: XBRL DOCUMENT - LIBERTY ENERGY CORP.R4.htm
EX-31.1 - EXHIBIT 31.1 - LIBERTY ENERGY CORP.ex31_1apg.htm
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NOTE 2 - GOING CONCERN
12 Months Ended
Jul. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NOTE 2 - GOING CONCERN

NOTE 2 – GOING CONCERN

 

The financial statements of the Company have been prepared assuming that future issuances of the Company’s equity or debt securities will be required in order for the Company to continue to finance its operations and continue as a going concern. The Company’s present revenues are insufficient to meet operating expenses. Continuing as a going concern, the Company contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses since its inception and requires capital for its future operational activities. The Company's ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s plan of operations, and its transition to profitable operations is necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company's ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.