10-Q/A Filing

OCTAGON 88 RESOURCES, INC. CIK: 1444837 Q3 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001524777-13-000468`
Period End Date	20130331
Filing Date	20131022
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	octx-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 63 Cash Flow Statement 76

Balance Sheet 32 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`	$355.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.55M	shares	Point-in-time
Cash	`Cash`	$7.23K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.23K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$355.00	USD	Point-in-time
Long-term investments accounted for under the equity method (Note 3)	`EquityMethodInvestments`	$61.61M	USD	Point-in-time
Long-term investments accounted for under the equity method (Note 3)	`EquityMethodInvestments`	-	USD	Point-in-time
Total assets	`Assets`	$355.00	USD	Point-in-time
Total assets	`Assets`	$61.61M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.75K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$12.27K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$35.94K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from shareholders	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from shareholders	`DueToRelatedPartiesCurrent`	$19.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.43K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.69K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized, 26,545,473 and 39,142,000 shares issued and outstanding as at March 31, 2013 and June 30, 2012 respectively	`CommonStockValue`	$3.91K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 authorized, 26,545,473 and 39,142,000 shares issued and outstanding as at March 31, 2013 and June 30, 2012 respectively	`CommonStockValue`	$2.65K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$61.76M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$100.35K	USD	Point-in-time
(Deficit) accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$180.28K	USD	Point-in-time
(Deficit) accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$142.59K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$61.58M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$355.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$61.61M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	19 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	1 Quarter
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	19 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	1 Quarter
Services contributed by officers	`NoncashContributionExpense`	-	USD	3 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$26.04K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$20.10K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$4.27K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$123.72K	USD	19 Qtrs
Professional fees	`ProfessionalFees`	$1.46K	USD	1 Quarter
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	1 Quarter
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	$15.00K	USD	19 Qtrs
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	1 Quarter
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$971.00	USD	3 Qtrs
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$449.00	USD	1 Quarter
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$65.00	USD	1 Quarter
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$12.01K	USD	19 Qtrs
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.24K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$27.01K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$21.34K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$163.93K	USD	19 Qtrs
Total operating expenses	`CostsAndExpenses`	$4.33K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.91K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-1.91K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-21.34K	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-4.33K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-27.01K	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-163.93K	USD	19 Qtrs
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-16.35K	USD	19 Qtrs
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-16.35K	USD	3 Qtrs
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-16.35K	USD	1 Quarter
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-4.33K	USD	1 Quarter
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-18.25K	USD	1 Quarter
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-180.28K	USD	19 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-37.68K	USD	3 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-27.01K	USD	3 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	19 Qtrs
Net (loss)	`NetIncomeLoss`	$-37.68K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-4.33K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-27.01K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-18.25K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-180.28K	USD	19 Qtrs
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.14M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.14M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.60M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.24M	shares	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-37.68K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-4.33K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-27.01K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-18.25K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-180.28K	USD	19 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	1 Quarter
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	19 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	1 Quarter
Services contributed by officers	`NoncashContributionExpense`	-	USD	3 Qtrs
Services contributed by officers	`NoncashContributionExpense`	-	USD	3 Qtrs
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	$16.35K	USD	3 Qtrs
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	-	USD	3 Qtrs
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	$16.35K	USD	19 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	1 Quarter
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	19 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$8.96K	USD	3 Qtrs
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$18.18K	USD	19 Qtrs
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$3.69K	USD	3 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.18K	USD	3 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.56K	USD	19 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-5.91K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.29K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-135.00	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-93.99K	USD	19 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	$-15.00K	USD	19 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	3 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.00K	USD	19 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	$19.17K	USD	3 Qtrs
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	$19.17K	USD	19 Qtrs
Advances from third party	`AdvancesThirdParty`	-	USD	3 Qtrs
Advances from third party	`AdvancesThirdParty`	$6.00K	USD	19 Qtrs
Advances from third party	`AdvancesThirdParty`	$6.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$106.06K	USD	19 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	19 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	3 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.17K	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.23K	USD	19 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$7.23K	USD	19 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$6.88K	USD	3 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$-135.00	USD	3 Qtrs
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$7.23K	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$524.00	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$355.00	USD	Point-in-time
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$389.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$7.23K	USD	Point-in-time
Cash and equivalent, end 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`	$355.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$389.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	19 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	19 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Accounts payable settled by issuance of shares (note 6)	`AccountsPayableSettledWithShares`	$35.47K	USD	19 Qtrs
Accounts payable settled by issuance of shares (note 6)	`AccountsPayableSettledWithShares`	-	USD	3 Qtrs
Accounts payable settled by issuance of shares (note 6)	`AccountsPayableSettledWithShares`	$35.47K	USD	3 Qtrs
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	-	USD	3 Qtrs
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	$61.62M	USD	19 Qtrs
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	$61.62M	USD	3 Qtrs
Total Non Cash Transactions	`TotalNonCashTransactions`	-	USD	3 Qtrs
Total Non Cash Transactions	`TotalNonCashTransactions`	$61.66M	USD	3 Qtrs
Total Non Cash Transactions	`TotalNonCashTransactions`	$61.66M	USD	19 Qtrs

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