10-Q/A Filing

GROOVE BOTANICALS INC. CIK: 918573 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001213900-12-004762`
Period End Date	20120630
Filing Date	20120820
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	aogn-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 35 Cash Flow Statement 67

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Receivables from joint interests allowance, for doubtful accounts	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$135.71K	USD	Point-in-time
Receivables from joint interests allowance, for doubtful accounts	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$126.79K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$16.10K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$33.96K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	100.00	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$9.29K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$8.57K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	100.00	shares	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100.00	shares	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100.00	shares	Point-in-time
Receivables from joint interests, net of allowance for doubtful accounts of $126,791 and $135,708	`DueFromRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from joint interests, net of allowance for doubtful accounts of $126,791 and $135,708	`DueFromRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$337.78K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$317.35K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$18.57K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$20.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.19M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.56M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.19M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$684.00	USD	Point-in-time
Unproven oil & gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Unproven oil & gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Producing oil & gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$208.28K	USD	Point-in-time
Producing oil & gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$201.42K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$180.99K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$170.34K	USD	Point-in-time
Total Assets	`Assets`	$2.58M	USD	Point-in-time
Total Assets	`Assets`	$2.62M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$581.38K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$587.23K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$196.37K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$200.67K	USD	Point-in-time
Dividends payable to related party	`DividendsPayableCurrent`	$35.45K	USD	Point-in-time
Dividends payable to related party	`DividendsPayableCurrent`	$36.45K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$12.39K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$12.55K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$15.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$20.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$620.93K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$459.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.46M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$650.00K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$474.50K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$93.43K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$91.09K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.03M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, Series A, $.10 par value, 1,000,000 shares authorized; 100 shares issued and outstanding stated at redemption value	`PreferredStockRedemptionAmount`	$500.00K	USD	Point-in-time
Preferred stock, Series A, $.10 par value, 1,000,000 shares authorized; 100 shares issued and outstanding stated at redemption value	`PreferredStockRedemptionAmount`	$500.00K	USD	Point-in-time
Common stock, $.001 par value: 10,000,000 shares authorized 3,190,673 and 2,558,584 shares issued and outstanding at June 30, 2012 and March 31, 2012 respectively	`CommonStockValue`	$3.19K	USD	Point-in-time
Common stock, $.001 par value: 10,000,000 shares authorized 3,190,673 and 2,558,584 shares issued and outstanding at June 30, 2012 and March 31, 2012 respectively	`CommonStockValue`	$2.56K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.44M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.31M	USD	Point-in-time
Common stock subscribed	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Common stock subscribed	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.43M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$587.99K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$516.04K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.62M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.58M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Oil & Gas Sales	`OilAndGasRevenue`	$59.23K	USD	1 Quarter
Oil & Gas Sales	`OilAndGasRevenue`	$23.29K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpenseSeveranceTaxesAndAroAccretion`	$7.35K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpenseSeveranceTaxesAndAroAccretion`	$33.99K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$64.88K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$88.33K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$87.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$24.17K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$17.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$176.86K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$146.50K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-153.57K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-87.27K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$28.53K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$48.79K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$30.44K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-48.79K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.91K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-202.37K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-89.18K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-29.43M	USD	85 Qtrs
Net Loss	`NetIncomeLoss`	$-89.18K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-202.37K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-212.37K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-99.18K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.66M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.13M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-29.43M	USD	85 Qtrs
Net Loss	`NetIncomeLoss`	$-89.18K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-202.37K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$15.95K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$87.50K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$2.50K	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	$2.41K	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	$-1.33K	USD	1 Quarter
(Gain) Loss on extinguishment of debt	`GainFromSettlementOfDebt`	$29.42K	USD	1 Quarter
(Gain) Loss on extinguishment of debt	`GainFromSettlementOfDebt`	-	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.63K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$349.00	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$11.54K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$6.14K	USD	1 Quarter
Depreciation and ARO liability	`DepreciationOfAroLiability`	$724.00	USD	1 Quarter
Depreciation and ARO liability	`DepreciationOfAroLiability`	$724.00	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$16.91K	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$11.54K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.65K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$11.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.99K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.86K	USD	1 Quarter
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$13.93K	USD	1 Quarter
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$10.00K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$23.00	USD	1 Quarter
Dividends payable to related party	`DividendPayableToRelatedParty`	$2.50K	USD	1 Quarter
Dividends payable to related party	`DividendPayableToRelatedParty`	$1.00K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$5.00K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$5.40K	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$1.45K	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$2.33K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.11K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.00K	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	$-160.00K	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	-	USD	1 Quarter
Principle payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$1.43K	USD	1 Quarter
Principle payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$2.14K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.14K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-158.57K	USD	1 Quarter
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$35.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-170.69K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.85K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.68K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.68K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued in exchange for consulting services	`StockIssued1`	$15.95K	USD	1 Quarter
Common stock issued in exchange for consulting services	`StockIssued1`	$87.50K	USD	1 Quarter
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$100.62K	USD	1 Quarter
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$42.91K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainLossFromSettlementOfDebt`	$28.53K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainLossFromSettlementOfDebt`	-	USD	1 Quarter

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