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EXCEL - IDEA: XBRL DOCUMENT - Royal Energy Resources, Inc.Financial_Report.xls
10-Q - Royal Energy Resources, Inc.form10q.htm
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v2.4.0.6
Stock Subscription Receivable (Tables)
3 Months Ended
Nov. 30, 2012
Equity [Abstract]  
Schedule of Officers and Directors Acquired Common Stock

The officers and directors of the Company and others have acquired common stock from the Company pursuant to note agreements, summarized as follows.

 

    Total     Original     Interest     Balance     Balance  
Name   Shares     Balance     Rate     11/30/2012     8/31/2012  
                               
Jacob Roth     83,400     $ 316,650       2 %   $ 281,225     $ 281,225  
Frimet Taub     1,700       29,937       2 %     29,937       29,937  
                              311,162       311,162  
Accrued interest                             3,675       3,094  
    Related party total                             314,837       314,256  
Debt retirement     4,200       80,000       0 %     65,600       65,600  
                            $ 380,437     $ 379,856