10-Q Filing

TEXAS GULF ENERGY INC CIK: 1429627 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-064388`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	bocl-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 46

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$-3.96K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$823.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$989.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$823.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$989.00	USD	Point-in-time
Total Assets	`Assets`	$989.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Total Assets	`Assets`	$823.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	1.40B	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	1.40B	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	2.06M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	629,367.00	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	629,367.00	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.27K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$64.64K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.30M	shares	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$122.56K	USD	Point-in-time
Advance from related parties	`DueToRelatedPartiesCurrent`	$136.13K	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	751,667.00	shares	Point-in-time
Loan payable	`LoansPayableCurrent`	$10.00K	USD	Point-in-time
Note payable to related party - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$29.96K	USD	Point-in-time
Note payable to related party - current portion	`NotesPayableRelatedPartiesClassifiedCurrent`	$38.97K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$249.74K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$153.78K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$20.00K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$20.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$269.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$173.78K	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.00001 par value, 1,400,000,000 shares authorized; 2,055,789 and 629,367 shares issued at September 30, 2011 and December 31, 2010 (Inclusive of treasury stock); 1,304,122 and 629,367 shares outstanding at September 30, 2011 December 31, 2010, respectively	`CommonStockValue`	$1.89K	USD	Point-in-time
Common Stock, $0.00001 par value, 1,400,000,000 shares authorized; 2,055,789 and 629,367 shares issued at September 30, 2011 and December 31, 2010 (Inclusive of treasury stock); 1,304,122 and 629,367 shares outstanding at September 30, 2011 December 31, 2010, respectively	`CommonStockValue`	$3.91K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.51M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.27M	USD	Point-in-time
Treasury Stock, 751,667 shares and 0 shares issued at September 30, 2011 and and December 31, 2010, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Treasury Stock, 751,667 shares and 0 shares issued at September 30, 2011 and and December 31, 2010, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Accumulated deficit during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.45M	USD	Point-in-time
Accumulated deficit during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.78M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-172.79K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-268.92K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$989.00	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$823.00	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	17 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$48.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.03M	USD	17 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$23.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$57.13K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$178.99K	USD	3 Qtrs
Compensation to officers for services	`OfficersCompensation`	$168.25K	USD	17 Qtrs
Compensation to officers for services	`OfficersCompensation`	$156.25K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$23.70K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.20M	USD	17 Qtrs
Total Operating Expenses	`OperatingExpenses`	$335.24K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$48.10K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$57.13K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.54K	USD	17 Qtrs
Interest expense	`InterestExpense`	$3.08K	USD	3 Qtrs
Impairment of investment in joint ventures	`AssetImpairmentCharges`	$577.00K	USD	17 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-1.10K	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-580.54K	USD	17 Qtrs
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-3.08K	USD	3 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-57.13K	USD	3 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.78M	USD	17 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.70K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-338.32K	USD	3 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-49.20K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.60K	USD	17 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$800.00	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-23.70K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-57.13K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-49.20K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.78M	USD	17 Qtrs
Net Loss	`NetIncomeLoss`	$-339.12K	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	3 Qtrs
Weighted average number of common shares issued and outstanding	`WeightedAverageNumberBasicDilutedSharesOutstanding`	1.64M	shares	3 Qtrs
Weighted average number of common shares issued and outstanding	`WeightedAverageNumberBasicDilutedSharesOutstanding`	1.96M	shares	1 Quarter
Weighted average number of common shares issued and outstanding	`WeightedAverageNumberBasicDilutedSharesOutstanding`	272,700.00	shares	3 Qtrs
Weighted average number of common shares issued and outstanding	`WeightedAverageNumberBasicDilutedSharesOutstanding`	272,700.00	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.78M	USD	17 Qtrs
Net loss	`NetIncomeLoss`	$-339.12K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-23.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.13K	USD	3 Qtrs
Impairment of stock issued for joint ventures	`AssetImpairmentCharges`	$577.00K	USD	17 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$64.64K	USD	17 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$63.38K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-80.00	USD	3 Qtrs
Increase in advances from related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$66.53K	USD	3 Qtrs
Increase in advances from related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$53.26K	USD	3 Qtrs
Increase in advances from related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$219.04K	USD	17 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.96K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-83.18K	USD	17 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.17K	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	17 Qtrs
Cash proceeds from notes payable	`ProceedsFromNotesPayable`	$20.00K	USD	17 Qtrs
Cash proceeds from loan payable	`ProceedsFromOtherDebt`	$10.00K	USD	17 Qtrs
Cash proceeds from loan payable	`ProceedsFromOtherDebt`	$10.00K	USD	3 Qtrs
Cash proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$54.00K	USD	17 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.00K	USD	17 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.96K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$823.00	USD	17 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-166.00	USD	3 Qtrs
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$-3.96K	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$823.00	USD	Point-in-time
Cash and cash equivalents - beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$989.00	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$-3.96K	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$823.00	USD	Point-in-time
Cash and cash equivalents - end of the period	`CashAndCashEquivalentsAtCarryingValue`	$989.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	17 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	17 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Conversion of advances to demand note payable	`DebtConversionConvertedInstrumentAmount1`	$43.94K	USD	17 Qtrs
Conversion of advances to demand note payable	`DebtConversionConvertedInstrumentAmount1`	$43.94K	USD	3 Qtrs
Conversion of loan payable to common stock	`StockIssued1`	-	USD	17 Qtrs
Conversion of loan payable to common stock	`StockIssued1`	-	USD	3 Qtrs
Conversion of loan payable to common stock	`StockIssued1`	-	USD	3 Qtrs
Conversion of demand note payable to common stock	`IssuanceOfCommonStockInExchangeForConvertibleNotes`	$40.94K	USD	17 Qtrs
Conversion of demand note payable to common stock	`IssuanceOfCommonStockInExchangeForConvertibleNotes`	$40.94K	USD	3 Qtrs

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