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EXCEL - IDEA: XBRL DOCUMENT - XIANGTIAN (USA) AIR POWER CO., LTD.Financial_Report.xls
10-Q - QUARTERLY REPORT - XIANGTIAN (USA) AIR POWER CO., LTD.goas_10q.htm
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EX-32.1 - CERTIFICATION - XIANGTIAN (USA) AIR POWER CO., LTD.goas_ex32.htm
EX-31.1 - CERTIFICATION - XIANGTIAN (USA) AIR POWER CO., LTD.goas_ex31.htm
v2.4.0.6
DISCONTINUED OPERATIONS
3 Months Ended
Oct. 31, 2012
Notes  
DISCONTINUED OPERATIONS

NOTE 4 - DISCONTINUED OPERATIONS

 

As discussed in Note 1, on May 1, 2012, the Company sold its Indian subsidiary, Goa Excursion, to Iqbal Boga (a related party) for a total value of $10. As the result of this transaction, accounts payable of $20,460 was forgiven by the related party. The Company recorded $20,460 as additional paid-in capital.

 

For the three months ended October 31, 2012 and 2011 and the period from September 2, 2008 (inception) to October 31, 2012, the amounts reported in loss from discontinued operations comprised operating expenses of $0, $98 and $4,099, respectively.