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EXCEL - IDEA: XBRL DOCUMENT - Novation Holdings IncFinancial_Report.xls
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EX-32 - CERTIFICATION - Novation Holdings Incexhibit32.htm
EX-31 - PRINCIPAL ACCOUNTING OFFICER CERTIFICATION - Novation Holdings Incexhibit312.htm
EX-31 - CEO CERTIFICATAION - Novation Holdings Incexhibit311.htm
10-K - FORM 10-K - Novation Holdings Incf10k8312012.htm
v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Aug. 31, 2012
Aug. 31, 2011
Current Assets    
Cash $ 1,245 $ 21,972
Prepaid expenses 1,000 1,000
Total Current Assets 2,245 22,972
Property, plant, and equipment 1,899 [1] 0
Deferred loan costs 4,811 [2] 4,700
Loans receivable, net 48,000 257,653
Advances to related parties 42,500 5,000
Total Noncurrent Assets 97,210 267,353
Total Assets 99,455 290,325
Current Liabilities    
Accounts payable and accrued liabilities 18,590 7,045
Notes payable 181,319 [3] 64,578
Accrued interest 13,428 9,964
Derivative liability 30,815 0
Total Current Liabilities 244,152 81,587
Total Liabilities 244,152 81,587
Stockholder's Equity (Deficit)    
Common Stock 30,094 [4] 4,121
Additional paid in capital 9,091,652 3,043,442
Deficit accumulated during the development stage (9,266,443) (2,838,825)
Total Stockholders' Equity (Deficit) (144,697) 208,738
Total Liabilities and Stockholders' Equity (Deficit) $ 99,455 $ 290,325
[1] Net of accumulated depreciation of $221 and $0
[2] Net of accumulated amortization of $15,689 and $800
[3] Net of debt discount of $25,861 and $128,422
[4] $0.001 par value, 500,000,000 shares authorized, 30,094,500 and 4,121,669 shares issued and outstanding