Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Operating Activities: | ||
Net loss | $ (2,959)us-gaap_NetIncomeLoss | $ (231,441)us-gaap_NetIncomeLoss |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Accrued interest payable | 18,833us-gaap_IncreaseDecreaseInInterestPayableNet | |
Changes in fair value of convertible note payable | (44,620)us-gaap_FairValueOptionChangesInFairValueGainLoss1 | |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued liabilities | (6,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (487,542)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Net cash used in operating activities | (34,746)us-gaap_NetCashProvidedByUsedInOperatingActivities | (718,983)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing Activities: | ||
Purchase of interest in Gazania | (150,000)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates | |
Net cash used in investing activities | (150,000)us-gaap_NetCashProvidedByUsedInInvestingActivities | |
Financing Activities: | ||
Advanced subscriptions | 659,600gpne_AdvanceSubscriptionsFromInvestors | |
Proceeds from issuance of common stock | 271,400us-gaap_ProceedsFromIssuanceOfCommonStock | |
Proceed from issuance of note payable | 24,000us-gaap_ProceedsFromConvertibleDebt | |
Net cash provided by financing activities | 24,000us-gaap_NetCashProvidedByUsedInFinancingActivities | 931,000us-gaap_NetCashProvidedByUsedInFinancingActivities |
Net (decrease) increase in cash | (10,746)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 62,017us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash, Beginning of period | 17,878us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,450us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash, End of period | $ 7,132us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 64,467us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
This element represents advance subscriptions from investors. No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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