10-K/A Filing

OCTAGON 88 RESOURCES, INC. CIK: 1444837 FY 2011

Filing Information

Form Type	10-K/A
Accession Number	`0001524777-11-000117`
Period End Date	20110630
Filing Date	20111101
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	octx-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 29 Income Statement 39 Cash Flow Statement 50 Stockholders Equity 22

Balance Sheet 29 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash	`Cash`	$524.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.14M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.64M	shares	Point-in-time
Cash	`Cash`	$8.93K	USD	Point-in-time
Total assets	`Assets`	$524.00	USD	Point-in-time
Total assets	`Assets`	$8.93K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.55K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$2.50K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$6.36K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$6.55K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized; 39,142,000 and 38,642,000 shares ( June 30, 2011 and June 30, 2010) issued and outstanding respectively	`CommonStockValue`	$3.86K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized; 39,142,000 and 38,642,000 shares ( June 30, 2011 and June 30, 2010) issued and outstanding respectively	`CommonStockValue`	$3.91K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$75.40K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$100.35K	USD	Point-in-time
(Deficit) accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$110.09K	USD	Point-in-time
(Deficit) accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$76.89K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.38K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$45.16K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$14.13K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$524.00	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.93K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	12 Qtrs
Revenues	`Revenues`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$10.50K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$2.70K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	12 Qtrs
Professional fees	`ProfessionalFees`	$72.18K	USD	12 Qtrs
Professional fees	`ProfessionalFees`	$21.99K	USD	Annual
Professional fees	`ProfessionalFees`	$30.36K	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	12 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	Annual
Other general and administrative expense	`GeneralAndAdministrativeExpense`	$5.80K	USD	Annual
Other general and administrative expense	`GeneralAndAdministrativeExpense`	$9.72K	USD	12 Qtrs
Other general and administrative expense	`GeneralAndAdministrativeExpense`	$2.85K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$33.21K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$45.48K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$110.09K	USD	12 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-110.09K	USD	12 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-33.21K	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-45.48K	USD	Annual
Other income (expense)	`OtherExpenses`	-	USD	Annual
Other income (expense)	`OtherExpenses`	-	USD	12 Qtrs
Other income (expense)	`OtherExpenses`	-	USD	Annual
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-45.48K	USD	Annual
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-110.09K	USD	12 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-33.21K	USD	Annual
Provision (credit) for taxes on income	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision (credit) for taxes on income	`IncomeTaxExpenseBenefit`	-	USD	12 Qtrs
Provision (credit) for taxes on income	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-110.09K	USD	12 Qtrs
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Basic earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	Annual
Basic earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.14M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.64M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-110.09K	USD	12 Qtrs
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Services contributed by officers	`NoncashContributionExpense`	$10.50K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$2.70K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	12 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	12 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$-2.69K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$3.58K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$3.86K	USD	12 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.50K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.50K	USD	12 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.40K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.54K	USD	12 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.20K	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	$-15.00K	USD	12 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.00K	USD	12 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$106.06K	USD	12 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	12 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$91.06K	USD	12 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash flows	`CashPeriodIncreaseDecrease`	$-8.40K	USD	Annual
Net cash flows	`CashPeriodIncreaseDecrease`	$524.00	USD	12 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$-24.20K	USD	Annual
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$33.13K	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$524.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$33.13K	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$524.00	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for Interest	`InterestPaid`	-	USD	12 Qtrs
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	12 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Opening balance, amount	`StockholdersEquity`	$2.38K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$45.16K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Annual
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$66.00K	USD	Annual
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$15.06K	USD	Point-in-time
Less, Applicable expense	`PaymentsOfStockIssuanceCosts`	$-15.00K	USD	Annual
Services contributed by officer	`NoncashContributionExpense`	$10.50K	USD	Annual
Services contributed by officer	`NoncashContributionExpense`	$2.70K	USD	Annual
Services contributed by officer	`NoncashContributionExpense`	$13.20K	USD	12 Qtrs
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-110.09K	USD	12 Qtrs
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$2.38K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$45.16K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-5.83K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.