10-K Filing

OCTAGON 88 RESOURCES, INC. CIK: 1444837 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001524777-12-000372`
Period End Date	20120630
Filing Date	20120928
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	octx-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 40 Cash Flow Statement 54 Stockholders Equity 27

Balance Sheet 30 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
Common stock, shares issued	`CommonStockSharesIssued`	39.14M	shares	Point-in-time
Cash	`Cash`	$355.00	USD	Point-in-time
Cash	`Cash`	$524.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.14M	shares	Point-in-time
Total assets	`Assets`	$355.00	USD	Point-in-time
Total assets	`Assets`	$524.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.86K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.75K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$35.94K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$2.50K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$38.69K	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$6.36K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized, 39,142,000 and 39,142,000 shares issued and outstanding as at June 30, 2012 and June 30, 2011, respectively	`CommonStockValue`	$3.91K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized, 39,142,000 and 39,142,000 shares issued and outstanding as at June 30, 2012 and June 30, 2011, respectively	`CommonStockValue`	$3.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.35K	USD	Point-in-time
(Deficit) accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$142.59K	USD	Point-in-time
(Deficit) accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$110.09K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$14.13K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$45.16K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$2.38K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$355.00	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$524.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	16 Qtrs
Revenues	`Revenues`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	16 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Professional fees	`ProfessionalFees`	$103.62K	USD	16 Qtrs
Professional fees	`ProfessionalFees`	$31.45K	USD	Annual
Professional fees	`ProfessionalFees`	$30.36K	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	16 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$2.85K	USD	Annual
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$10.77K	USD	16 Qtrs
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.05K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$32.50K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$142.59K	USD	16 Qtrs
Total operating expenses	`CostsAndExpenses`	$33.21K	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-32.50K	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-142.59K	USD	16 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-33.21K	USD	Annual
Other income (expense)	`OtherExpenses`	-	USD	Annual
Other income (expense)	`OtherExpenses`	-	USD	Annual
Other income (expense)	`OtherExpenses`	-	USD	16 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.50K	USD	Annual
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-33.21K	USD	Annual
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-142.59K	USD	16 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	16 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-142.59K	USD	16 Qtrs
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
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`	39.14M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-142.59K	USD	16 Qtrs
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	16 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	16 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$-2.69K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$9.22K	USD	16 Qtrs
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$5.36K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$2.50K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$29.47K	USD	16 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$26.98K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.40K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.70K	USD	16 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-169.00	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	$-15.00K	USD	16 Qtrs
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	16 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$106.06K	USD	16 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	16 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$91.06K	USD	16 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash flows	`CashPeriodIncreaseDecrease`	$-169.00	USD	Annual
Net cash flows	`CashPeriodIncreaseDecrease`	$355.00	USD	16 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$-8.40K	USD	Annual
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$524.00	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$355.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$524.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$8.93K	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$355.00	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for Interest	`InterestPaid`	-	USD	16 Qtrs
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	16 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Opening balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$45.16K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$2.38K	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	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	16 Qtrs
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	Annual
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Services contributed by officer	`CapitalContributionOfficer`	$2.70K	USD	Annual
Services contributed by officer	`CapitalContributionOfficer`	$10.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-142.59K	USD	16 Qtrs
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Ending balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$45.16K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$2.38K	USD	Point-in-time

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