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EXCEL - IDEA: XBRL DOCUMENT - Texas Rare Earth Resources Corp.Financial_Report.xls
10-K - TEXAS RARE EARTH RESOURCES CORP. FORM 10-K FOR THE FISCAL YEAR ENDED AUGUST 31, 2012 - Texas Rare Earth Resources Corp.trer10k083112.htm
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EX-31.2 - CERTIFICATION - Texas Rare Earth Resources Corp.ex31-2.htm
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EX-32.1 - CERTIFICATION - Texas Rare Earth Resources Corp.ex32-1.htm
EX-10.29 - SUPPLEMENTAL AGREEMENT - Texas Rare Earth Resources Corp.ex10-29.htm
EX-10.25 - EMPLOYMENT AGREEMENT - Texas Rare Earth Resources Corp.ex10-25.htm
EX-10.28 - SEVERANCE, WAIVER AND RELEASE AGREEMENT - Texas Rare Earth Resources Corp.ex10-28.htm
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EX-31.1 - CERTIFICATION - Texas Rare Earth Resources Corp.ex31-1.htm
v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Aug. 31, 2012
Aug. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (14,374,600) $ (7,020,114)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation expense 84,838 19,996
Loss on sale of property and equipment (14,498)   
Shares issued for services 19,200 1,181,046
Stock based compensation 3,341,875 3,412,059
Changes in current assets and liabilities:    
Prepaid expenses and other assets (122,885) (54,104)
Accounts payable and accrued expenses (101,377) 560,582
Net cash used in operating activities (11,138,451) (1,900,535)
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment in mineral properties (200,078) (98,817)
Proceeds from sale of property and equipment 25,500   
Purchase of property and equipment (158,226) (210,957)
Net cash used in investing activities (332,804) (309,774)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from sale of common stock    19,113,787
Repayment of notes payable to related parties    (91,846)
Proceeds from exercise of common stock warrants 1,103,124   
Net cash provided by financing activities 1,103,124 19,021,941
NET CHANGE IN CASH (10,368,131) 16,811,632
CASH, BEGINNING OF PERIOD 16,886,066 74,434
CASH, END OF PERIOD 6,517,935 16,886,066
SUPPLEMENTAL INFORMATION    
Interest paid 334 18,936
Taxes paid      
Issuance of 131,250 shares of common stock for cash previously received    1,313
Issuance of 61,000 shares of common stock for services previously recorded    610
Issuance of 300,000 shares of common stock for director compensation previously recorded    $ 3,000