10-K/A Filing

OCTAGON 88 RESOURCES, INC. CIK: 1444837 FY 2013

Filing Information

Form Type	10-K/A
Accession Number	`0001524777-13-000469`
Period End Date	20130630
Filing Date	20131022
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	octx-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 41 Cash Flow Statement 77 Stockholders Equity 35

Balance Sheet 40 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`	26.55M	shares	Point-in-time
Cash	`Cash`	$355.00	USD	Point-in-time
Cash	`Cash`	$108.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$355.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$108.59K	USD	Point-in-time
Long-term investments accounted for under the equity method (Note 3)	`EquityMethodInvestments`	-	USD	Point-in-time
Long-term investments accounted for under the equity method (Note 3)	`EquityMethodInvestments`	$61.09M	USD	Point-in-time
Total assets	`Assets`	$355.00	USD	Point-in-time
Total assets	`Assets`	$61.20M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.75K	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable, related parties	`AccountsPayableRelatedPartiesCurrent`	$35.94K	USD	Point-in-time
Advances from shareholders	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from shareholders	`DueToRelatedPartiesCurrent`	$19.17K	USD	Point-in-time
Investor deposit	`InvestorDepositCurrent`	$122.98K	USD	Point-in-time
Investor deposit	`InvestorDepositCurrent`	-	USD	Point-in-time
Investor deposit	`InvestorDepositCurrent`	$672.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.11K	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
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
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`	$714.61K	USD	Point-in-time
(Deficit) accumulated during the exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$142.59K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$14.13K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$61.05M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$2.38K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$45.16K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$355.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$61.20M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	20 Qtrs
Revenues	`Revenues`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	20 Qtrs
Professional fees	`ProfessionalFees`	$140.44K	USD	20 Qtrs
Professional fees	`ProfessionalFees`	$31.45K	USD	Annual
Professional fees	`ProfessionalFees`	$36.82K	USD	Annual
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	$15.00K	USD	20 Qtrs
Loss on undeveloped , unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.84K	USD	Annual
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.05K	USD	Annual
Other general and administrative expenses	`GeneralAndAdministrativeExpense`	$12.61K	USD	20 Qtrs
Total operating expenses	`CostsAndExpenses`	$38.66K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$181.25K	USD	20 Qtrs
Total operating expenses	`CostsAndExpenses`	$32.50K	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-32.50K	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-181.25K	USD	20 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-38.66K	USD	Annual
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-533.36K	USD	Annual
Gain (losses) equity investments, net	`IncomeLossFromEquityMethodInvestments`	$-533.36K	USD	20 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.50K	USD	Annual
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-714.61K	USD	20 Qtrs
(Loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-572.02K	USD	Annual
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	20 Qtrs
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision (credit) for taxes on income:	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)	`NetIncomeLoss`	$-714.61K	USD	20 Qtrs
Net (loss)	`NetIncomeLoss`	$-572.02K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	-	USD	Annual
Basic and diluted earnings (loss) per common share	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.14M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.57M	shares	Annual

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-714.61K	USD	20 Qtrs
Net (loss)	`NetIncomeLoss`	$-572.02K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	-	USD	Annual
Services contributed by officers	`NoncashContributionExpense`	$13.20K	USD	20 Qtrs
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	-	USD	Annual
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	$533.36K	USD	Annual
Share of (loss) of equity accounted investees	`GainLossOnInvestments`	$533.36K	USD	20 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	$15.00K	USD	20 Qtrs
Loss on undeveloped, unproven properties	`AssetImpairmentCharges`	-	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$5.36K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$4.67K	USD	Annual
Accounts payable, trade	`IncreaseDecreaseInAccountsPayable`	$13.88K	USD	20 Qtrs
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$26.98K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-5.91K	USD	Annual
Accounts payable, related parties	`IncreaseDecreaseInAccountsPayableRelatedParties`	$23.56K	USD	20 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.91K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-169.00	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.61K	USD	20 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	$-15.00K	USD	20 Qtrs
Acquisition of undeveloped, unproved properties	`CostsIncurredAcquisitionOfUnprovedOilAndGasProperties`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.00K	USD	20 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	$19.17K	USD	20 Qtrs
Advances from shareholders	`IncreaseDecreaseInDueToRelatedParties`	$19.17K	USD	Annual
Advances from third party	`AdvancesThirdParty`	$6.00K	USD	Annual
Advances from third party	`AdvancesThirdParty`	$6.00K	USD	20 Qtrs
Advances from third party	`AdvancesThirdParty`	-	USD	Annual
Investor deposit	`IncreaseDecreaseInvestorDeposits`	-	USD	Annual
Investor deposit	`IncreaseDecreaseInvestorDeposits`	$122.98K	USD	20 Qtrs
Investor deposit	`IncreaseDecreaseInvestorDeposits`	$122.98K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$106.06K	USD	20 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	20 Qtrs
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Less, Applicable offering costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.15K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$239.21K	USD	20 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$108.24K	USD	Annual
Net cash flows	`CashPeriodIncreaseDecrease`	$108.59K	USD	20 Qtrs
Net cash flows	`CashPeriodIncreaseDecrease`	$-169.00	USD	Annual
Cash and equivalent, beginning of period	`CashEquivalentsAtCarryingValue`	$108.59K	USD	Point-in-time
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`	$355.00	USD	Point-in-time
Cash and equivalent, end of period	`CashEquivalentsAtCarryingValue`	$108.59K	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`	$355.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	20 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	20 Qtrs
Accounts payable settled by issuance of shares (note 5)	`AccountsPayableSettledWithShares`	$35.47K	USD	20 Qtrs
Accounts payable settled by issuance of shares (note 5)	`AccountsPayableSettledWithShares`	$35.47K	USD	Annual
Accounts payable settled by issuance of shares (note 5)	`AccountsPayableSettledWithShares`	-	USD	Annual
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	-	USD	Annual
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	$61.62M	USD	Annual
Shares issued to acquire interest North Star (note 3)	`SharesIssuedToAcquireNorthStar`	$61.62M	USD	20 Qtrs
Total Non Cash Transactions	`TotalNonCashTransactions`	-	USD	Annual
Total Non Cash Transactions	`TotalNonCashTransactions`	$61.66M	USD	Annual
Total Non Cash Transactions	`TotalNonCashTransactions`	$61.66M	USD	20 Qtrs

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Opening balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$61.05M	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$2.38K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$45.16K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$-38.34K	USD	Point-in-time
Opening balance, amount	`StockholdersEquity`	$-5.83K	USD	Point-in-time
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$66.00K	USD	Annual
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$15.06K	USD	Point-in-time
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Annual
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	Annual
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	Annual
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-15.00K	USD	20 Qtrs
Less, Applicable expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	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
Shares issued for debt settlement, amount	`StockIssuedDuringPeriodValueOther`	$35.47K	USD	Annual
Shares cancellation, amount	`StockCanceledDuringPeriodValue`	-	USD	Annual
Shares issued for Mineral Rights Acquisition, amount	`StockIssuedDuringPeriodValueAcquisitions`	$44.10M	USD	Annual
Shares issued for Investment in CEC North Star Energy Ltd., amount	`StockIssuedDuringPeriodInvestmentsValue`	$17.52M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-714.61K	USD	20 Qtrs
Net (loss)	`NetIncomeLoss`	$-572.02K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-32.50K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-927.00	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-33.21K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-30.48K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-45.48K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$14.13K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$61.05M	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`	$-38.34K	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.