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EXCEL - IDEA: XBRL DOCUMENT - Daybreak Oil & Gas, Inc.Financial_Report.xls
10-Q - 8-K - Daybreak Oil & Gas, Inc.dbrm10q113012.htm
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EX-31 - EXHIBIT 31.1 - Daybreak Oil & Gas, Inc.exhibit311.htm
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v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Nov. 30, 2012
Nov. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,793,430) $ (822,246)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on settlement of debt 780,938 0
Bad debt expense 239,000 0
Stock compensation 20,413 68,414
Depreciation, depletion, and impairment expense 172,544 211,490
Amortization of debt discount 26,177 43,955
Amortization of loan origination fees 123,318 11,875
Amortization of deferred financing costs 6,705 0
Non-cash interest income (343) (476)
Changes in assets and liabilities:    
Accounts receivable - oil and gas sales 68,837 5,882
Accounts receivable - joint interest participants 6,672 65,786
Accounts receivable - other (30,113) 68,745
Prepaid expenses and other current assets 31,076 (129,480)
Accounts payable and other accrued liabilities 232,458 133,618
Accounts payable - related parties 195,497 224,024
Accrued interest 75,701 181,246
Net cash provided by operating activities 155,450 62,833
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas properties (182,142) (170,665)
Net cash used in investing activities (182,142) (170,665)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment of note payable 0 (600,000)
Proceeds from issuance of notes payable - related party 0 200,000
Payment of deferred financing fees (40,700) 0
Proceeds from (payments to) line of credit (6,000) 875,713
Payment to escrow for loan commitment 0 (200,000)
Net cash (used in) provided by financing activities (46,700) 275,713
NET DECREASE IN CASH AND CASH EQUIVALENTS (73,392) 167,881
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 73,392 57,380
CASH AND CASH EQUIVALENTS AT END OF PERIOD 0 225,261
Cash paid for Interest 535,324 43,509
Cash paid for Income taxes 0 0
SUPPLEMENTAL CASH FLOW INFORMATION:    
Unpaid additions to oil and gas properties 26,050 38,148
Interest converted to principal 24,427 0
Note paid directly from proceeds of note 150,000 0
Note paid directly to accrued interest and fees 445,744 0
Note paid directly to pre-paid loan fees 123,318 0
Related party note paid directly to line of credit 15,000 0
Debt discount for assignment of working interest 515,638 0
ARO asset and liability reduction due to assignment of working interest 4,702 0
Deferred financing fees paid directly from proceeds of long-term debt 150,691 0
Warrants issued for deferred financing fees 98,084 0
Unpaid deferred financing fees 57,361 0
Changes to estimates to asset retirement obligation 0 605
Conversion of preferred stock to common stock 24 0
Repurchase of stock through payment of payroll taxes 173 383
Discount on notes payable - Long term 0 13,850
Discount on notes payable - Short term $ 0 $ 30,105