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EXCEL - IDEA: XBRL DOCUMENT - SAUER ENERGY, INC.Financial_Report.xls
10-K - FORM 10K - SAUER ENERGY, INC.sauer8312012_10k.htm
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EX-32.1 - EXHIBIT 32.1 - SAUER ENERGY, INC.exhibit321_ex32z1.htm
EX-31.1 - EXHIBIT 31.1 - SAUER ENERGY, INC.exhibit311_ex31z1.htm
v2.4.0.6
Note 9 - Capital Stock: Note 9 - Capital Stock (Policies)
12 Months Ended
Aug. 31, 2012
Policies  
Note 9 - Capital Stock

 

 

 

 

 

 

 

 

 

Note 9 – Capital Stock

 

Starting on July 25, 2010, the Company entered into a series of private placement agreements with various investors. The arrangement involved issuing 800,000 units of securities at $0.25 per unit for a total amount of $200,000. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant expiring July 31, 2012 with an exercise price of $0.50 each. The private placement was oversubscribed and the Company accepted additional private placement funds. As of August 31, 2011, the Company issued 938,000 units of the securities in consideration of funds received of $234,500.

 

Starting on January 1, 2011, the Company entered into a series of private placement agreements with various investors. The arrangement involved issuing 666,667 units of securities at $0.30 per unit for a total amount of $200,000. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant expiring July 31, 2013 with an exercise price of $0.60 each. The private placement was oversubscribed and the Company accepted additional private placement funds. As of August 31, 2011, the Company issued 2,599,849 units of the securities in consideration of funds received of $779,955.

 

During the fiscal year ended August 31, 2011, the Company issued a total of 362,900 shares of common stock to certain consultants as compensation for services. The range of fair value of the stock was $0.75 ~ $1.55. Based on the fair value of the common stock on the day of issuance, $436,730 was charged to consulting expenses.

 

During the fiscal year ended August 31, 2011, the Company issued 150,000 shares of common stock to an investor relations firm for services to be provided. The fair value of the common stock on the day it was issued was $1.20 per share. Based on the fair value of the stock on the day of issuance, $180,000 was charged to investor relations expenses.

 

During the fiscal year ended August 31, 2011, the Company issued 40,000 shares of common stock as directors’ fees to certain directors of the Company. The fair value of the common stock on the day it was issued was $1.20 per share. Based on the fair value of the common stock on the date of issuance, $48,000 was charged to director fees.

 

During the period September 1 to October 17, 2011, the Company entered into a series of private placement agreements with various investors involving issuing units of securities at $0.30 per unit. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock

purchase warrant with an exercise price of $0.60 each, expiring July 31, 2013. The private placement was oversubscribed and the Company accepted additional private placement funds. On October 17, 2011 the Company issued 1,275,337 units of the securities in consideration of funds received of $382,601.

 

On October 17, 2011, the Company issued a total of 522,900 shares of restricted common stock to certain consultants as compensation for services. The fair value of the stock was $0.51.  Based on the fair value of the common stock on the day of issuance, $266,220 was charged to consulting expense.

 

On October 17, 2011, the Company issued 200,000 shares of common stock to a consulting firm for services to be provided. The fair value of the common stock on the day it was issued was $0.51 per share. Based on the fair value of the stock on the day of issuance, $102,000 less $200 contributed was charged to consulting expense.

 

On October 17, 2011, the Company issued a total of 535,000 shares of restricted common stock to certain consultants as compensation for services. The fair value of the stock was $0.51.  Based on the fair value of the common stock on the day of issuance, $272,850 was charged to consulting expense.

 

On December 1, 2011, the Company issued 650,000 units of securities to seven investors at $0.30 per unit for $195,000 cash. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant with an exercise price of $0.60 each, expiring July 31, 2013.

 

On December 1, 2011, the Company issued 24,000 units of securities to an investor at $0.25 per unit for $6,000 cash. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant with an exercise price of $0.60 each, expiring July 31, 2014.

 

On January 24, 2012, the Company issued 125,000 shares of common stock at the closing price of $0.60 per share for legal fees of $75,000.

 

On January 26, 2012, the Company issued 25,000 shares of common stock at the closing price of $0.60 per share for legal fees of $15,000.

 

On April 30, 2012, the Company issued 363,000 shares of common stock at the closing price of $0.34 per share for services by six providers.  An expense of $123,420 was recorded.

 

On May 11, 2012 the Company issued 6,000,000 shares of common stock pursuant to an Asset Purchase Agreement for certain wind turbine assets at the agreed price of $0.25 per share, including intangible assets. The fair market value of the assets was recorded, $1,500,000.

 

On July 31, 3012, the Company issued 808,000 units of securities at $0.25 per unit for $202,000 cash. Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant with an exercise price of $0.50 each, expiring July 31, 2014.

 

On July 31, 2012, the Company issued 100,000 shares of common stock at $0.12 per share for legal fees of $12,000.

 

On July 31, 2012 the Company issued 1,000,000 shares of common stock at $0.12 per share for contract services of $120,000.

 

 

 

 

Note 10 – Warrants

 

During the fiscal year ended August 31, 2012, the Company entered a series of private placement agreements with various investors. (Refer to Note 9 – Capital Stock).

 

Under the private placements, the Company issued 2,757,357 Units of securities for total cash proceeds of $722,893.  Each unit consisted of one (1) share of common stock, par value $0.0001 per share and one (1) common stock purchase warrant with an exercise price ranging from $0.50 to $0.60 and expiring July 31, 2013 to July 31, 2014.

 

The following table is a summary of information about the warrants outstanding at August 31, 2012:

 

Shares Underlying Warrants Outstanding

 

Range of Exercise Price

 

Shares Underlying \Warrants Outstanding

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price

 

$0.50 - $0.60

 

 

5,357,206

 

1.07 years

 

$

0.58

 

 

 

 

The following table is a summary of activity of outstanding stock warrants:

 

 

Number of

Warrants

 

 

Weighted Average Exercise Price

 

Balance, August 31, 2011

 

 

-3,537,849-

 

 

$

-0.57-

 

Warrants expired

 

 

-938,000-

 

 

 

-0.50-

 

Warrants cancelled

 

 

-0-

 

 

 

-0-

 

Warrants Granted

 

 

2,757,357

 

 

 

0.57

 

Warrants exercised

 

 

-0-

 

 

 

-0-

 

Balance, August 31, 2012

 

 

 

5,357,206

 

 

$

0.58