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EXCEL - IDEA: XBRL DOCUMENT - Gunpowder Gold CorpFinancial_Report.xls
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EX-31 - CERTIFICATION - Gunpowder Gold Corpgunpowder_10k-ex3100.htm
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v2.4.0.6
Statements of Cash Flows (USD $)
12 Months Ended 45 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Operating activities:      
Net loss $ (222,331) $ (392,884) $ (711,706)
Adjustments to reconcile net loss to net cash used in operating activities:      
Amortization expense       10,000
Stock issued for services       2,500
Impairment loss on mineral claim    20,000 20,000
Expenses paid by shareholder/officer    36,160 76,860
Changes in operating assets and liabilities:      
(Increase) in prepaid expense (8,564) (5,436) (24,000)
Decrease (increase) in deposit 542 (542)   
Increase in accounts payable to related-party 4,500 3,000 7,500
Increase in accrued interest 100    100
Increase (decrease) in accounts payable (18,232) 16,938 184
Net cash (used in) operating activities (243,985) (322,764) (618,562)
Cash flows from investing activities:      
Purchase of mineral claims    (20,000) (20,000)
Net cash (used in) investing activities    (20,000) (20,000)
Financing activities:      
Capital contribution 100    6,100
Payment for release of debt from shareholder (2)    (2)
Proceeds from issuance of note payable 50,000    50,000
Proceeds from issuance of common stock 171,000 400,000 616,973
Net cash provided by financing activities 221,098 400,000 673,071
Net change in cash (22,887) 57,236 34,509
Cash, beginning of period 57,396 160   
Cash, ending of period 34,509 57,396 34,509
Supplemental cash flow disclosures      
Interest expense         
Income taxes         
Non-cash activities:      
Issuance of common stock for services       2,500
(Loss) from foreign exchange 225 404 629
Debt forgiveness $ 76,858    $ 76,858