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EXCEL - IDEA: XBRL DOCUMENT - Trans-Pacific Aerospace Company, Inc.Financial_Report.xls
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EX-31.2 - CERTIFICATION - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex3102.htm
EX-10.16 - AMENDMENT TO SERIES B COMMON STOCK PURCHASE WARRANT - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex1016.htm
EX-31.1 - CERTIFICATION - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex3101.htm
EX-10.14 - SETTLEMENT AGREEMENT AND GENERAL RELEASE - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex1014.htm
EX-10.15 - AMENDMENT TO SERIES A COMMON STOCK PURCHASE WARRANT - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex1015.htm
EX-32.1 - CERTIFICATION - Trans-Pacific Aerospace Company, Inc.transpacific_10k-ex3201.htm
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v2.4.0.6
Statements of Cash Flows (USD $)
12 Months Ended 65 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2012
Cash flows from operating activities:      
Net loss from continuing operations $ (1,537,219) $ (3,044,151) $ (10,254,465)
Gain (loss) from discontinued operations 0 0 (213,194)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock based compensation 754,572 2,167,467 5,120,778
Amortization of debt discount 0 59,284 236,787
Imputed interest expense 18,200 0 18,200
Loss on induced debt conversion 0 55,000 55,000
Gain on disposal of discontinued assets 0 0 (115,528)
Loss from impairment of goodwill 0 0 2,469,404
Depreciation expense 821 593 18,914
Loss from settlement with common stock 0 0 22,460
Impairment of fixed assets 0 0 82,500
Impairment of oil & gas interests 0 0 190,000
Contribution of officer salaries 330,000 37,025 367,025
Change in operating assets and liabilities:      
Prepaid expenses 792 (1,584) (792)
Security deposit 0 (1,584) (1,584)
Due to Godfrey (China) Ltd (30,000) 0 50,380
Accounts payable and accrued expenses 23,342 61,528 232,040
Income taxes payable 0 1,629 1,629
Accounts payable - related party 0 (4,379) (4,379)
Accrued salary and payroll taxes (130,814) 74,729 125,434
Accrued interest payable 0 5,263 125,508
Net cash used in operating activities (570,306) (589,180) (1,473,883)
Cash flows from investing activities      
Sale of equipment 0 0 82,500
Notes receivable 0 0 (26,000)
Purchase of equipment (1,672) (3,610) (105,282)
Oil & gas working interest 0 0 (100,000)
Net cash used in investing activities (1,672) (3,610) (148,782)
Cash flows from financing activities:      
Common stock issued for cash and for contributed capital 553,321 571,046 1,640,884
Net cash provided by financing activities 553,321 571,046 1,640,884
Net increase / decrease in cash (18,657) (21,744) 18,219
Cash, beginning of the period 36,876 58,620  
Cash, end of the period 18,219 36,876 18,219
Supplemental cash flow disclosure:      
Interest paid 0 0 0
Income taxes paid 4,464 1,697 6,161
Supplemental disclosure of non-cash transactions:      
Common stock issued for payment on outstanding liabilities 0 0 136,000
Common stock issued for payment on outstanding wages 0 0 105,000
Common stock issued for conversion of notes payable 0 88,855 216,455
Common stock issued for finders fees 1,025 848 1,873
Retirement of common shares 0 150 5,400
Acquisition of oil and gas properties in exchange for note payable 0 0 1,000,000
Acquisition of tooling assets 0 0 82,500
Acquisition of intellectual property 0 0 2,469,404
Beneficial conversion feature of convertible note payable $ 0 $ 0 $ 216,455