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EXCEL - IDEA: XBRL DOCUMENT - RAINBOW INTERNATIONAL, CORP.Financial_Report.xls
10-Q - FORM 10-Q - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12v1.htm
XML - IDEA: XBRL DOCUMENT - RAINBOW INTERNATIONAL, CORP.R3.htm
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EX-31 - EXHIBIT 31 - RAINBOW INTERNATIONAL, CORP.rainbow10q2q12ex31.htm
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v2.4.0.6
Note 8 - Supplemental Information - Consolidated Statements: Schedule of Condensed Balance Sheet (Tables)
6 Months Ended
Nov. 30, 2012
Tables/Schedules  
Schedule of Condensed Balance Sheet

 

November 30, 2012

Rainbow

Aslanay

Elim

Consol

ASSETS

  Current assets

  Cash

$234

$3,972

$0

$4,206

    Intercompany

120,000

0

(120,000)

0

  Other current assets

0

6,651

0

6,651

Total current assets

120,234

10,623

(120,000)

10,857

Investment in subsidiary

(198,699)

0

198,699

0

Property and equipment

0

276,872

0

262,872

Total assets

$(78,465)

$273,495

$78,699

$273,729

LIABILITIES AND EQUITY

Current liability

  Intercompany

$0

$120,000

$0

$120,000

  Other

7,000

16,174

0

23,174

  Total current liability

7,000

136,174

(120,000)

23,174

Loan from shareholder

20,560

336,020

0

356,580

Total liabilities

27,560

472,194

(120,000)

379,754

Stockholders' Equity/(Deficit)

  Common stock/ Share capital

5,748

530,495

(530,495)

5,748

  Paid in surplus

18,852

0

0

18,852

  Stock subscription

641,982

0

0

641,982

  Retained Deficit

(772,607)

(729,194)

729,194

(772,607)

Total stockholders' equity

(106,025)

(198,699)

198,699

(106,025)

Total liabilities and equity

$(78,465)

$273,495

$78,699

$273,729

 

Six Months Ended November 30, 2012

Rainbow

Aslanay

Elim

Consol

Revenue

$0

$0

$0

$0

Expenses:

  Exploration costs

34,046

344,521

0

378,567

  Office

0

107,972

0

107,972

  Contract labor

40,000

13,823

0

53,823

  Legal and professional

75,327

46,056

0

121,383

Depreciation

0

27,908

0

27,908

Rent

0

4,493

0

4,493

Travel

0

19,939

0

19,939

  Other

585

11,102

0

11,687

Total expenses

149,958

575,814

0

725,772

Income/ (loss) from operations

(149,958)

(575,814)

0

(725,772)

Other income/ (expense)

(575,814)

0

575,814

0

Income before income taxes

(725,772)

(575,814)

575,814

(725,772)

Income taxes

0

0

0

0

Net income/ (loss)

$(725,772)

$(575,814)

$575,814

$(725,772)