10-K Filing

GROOVE BOTANICALS INC. CIK: 918573 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001213900-13-004717`
Period End Date	20130331
Filing Date	20130820
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	aogn-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 35 Cash Flow Statement 87 Stockholders Equity 18

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.93K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0, as of March 31, 2013 and 2012, respectively	`AccountsReceivableNetCurrent`	$33.96K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0, as of March 31, 2013 and 2012, respectively	`AccountsReceivableNetCurrent`	$52.67K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$12.15K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$9.29K	USD	Point-in-time
Allowance for doubtful accounts on receivables from joint interests	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$135.71K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Allowance for doubtful accounts on receivables from joint interests	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$140.23K	USD	Point-in-time
Receivables from joint interests, net of allowance for doubtful accounts of $140,227 and $135,708 for the year ended March 31, 2013 and 2012, respectively	`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
Receivables from joint interests, net of allowance for doubtful accounts of $140,227 and $135,708 for the year ended March 31, 2013 and 2012, respectively	`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, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$374.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$337.78K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.56M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$20.00K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$12.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.21M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.21M	shares	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`	$172.83K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$180.99K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$138.40K	USD	Point-in-time
Total Assets	`Assets`	$2.62M	USD	Point-in-time
Total Assets	`Assets`	$2.57M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$630.67K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$581.38K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$196.37K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$202.22K	USD	Point-in-time
Dividends payable to related party	`DividendsPayableCurrent`	$35.45K	USD	Point-in-time
Dividends payable to related party	`DividendsPayableCurrent`	$40.75K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$11.88K	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`	$21.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$620.93K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$250.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.46M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$474.50K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$864.75K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$91.09K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$102.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 6,208,062 and 2,558,584 shares issued and outstanding at March 31, 2013 and 2012 respectively	`CommonStockValue`	$2.56K	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 6,208,062 and 2,558,584 shares issued and outstanding at March 31, 2013 and 2012 respectively	`CommonStockValue`	$6.21K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$587.99K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$442.09K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.62M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Oil & Gas Sales	`OilAndGasRevenue`	$163.57K	USD	Annual
Oil & Gas Sales	`OilAndGasRevenue`	$253.88K	USD	Annual
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$128.87K	USD	Annual
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$124.90K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$537.00K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$538.78K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$76.13K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$69.98K	USD	Annual
Total operating expenses	`OperatingExpenses`	$737.63K	USD	Annual
Total operating expenses	`OperatingExpenses`	$738.04K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-574.46K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-483.75K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-48.71K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$35.53K	USD	Annual
Gain on conversion of notes payable	`LossOnConversionOfNotePayable`	$-828.00	USD	Annual
Gain on conversion of notes payable	`LossOnConversionOfNotePayable`	-	USD	Annual
Interest expense, net	`InterestExpense`	$126.14K	USD	Annual
Interest expense, net	`InterestExpense`	$289.76K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-174.85K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-253.40K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-749.31K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-737.15K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-749.31K	USD	Annual
Net Loss	`NetIncomeLoss`	$-737.15K	USD	Annual
Net Loss	`NetIncomeLoss`	$29.97M	USD	88 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$40.00K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$40.00K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-789.31K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-777.15K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.65	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.20M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.47M	shares	Annual

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-749.31K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-737.15K	USD	Annual
Net (loss)	`NetIncomeLoss`	$29.97M	USD	88 Qtrs
(Gain) Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-48.71K	USD	Annual
(Gain) Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$35.53K	USD	Annual
(Gain) Loss on settlement of debt	`GainLossOnSettlementOfDebt`	$7.84K	USD	Annual
(Gain) Loss on settlement of debt	`GainLossOnSettlementOfDebt`	-	USD	Annual
Loss on conversion of notes payable	`GainLossOnConversionOfNotesPayable`	-	USD	Annual
Loss on conversion of notes payable	`GainLossOnConversionOfNotesPayable`	$1.55K	USD	Annual
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	-	USD	Annual
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	$2.41K	USD	Annual
Accreted interest on note payable	`AccretionExpense`	-	USD	Annual
Accreted interest on note payable	`AccretionExpense`	$2.50K	USD	Annual
Non-cash compensation	`OtherNoncashExpense`	$45.95K	USD	Annual
Non-cash compensation	`OtherNoncashExpense`	$197.50K	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	$-15.43K	USD	Annual
Depreciation	`Depreciation`	$6.85K	USD	Annual
Depreciation	`Depreciation`	$1.03K	USD	Annual
Depletion	`DepletionOfOilAndGasProperties`	$32.52K	USD	Annual
Depletion	`DepletionOfOilAndGasProperties`	$20.54K	USD	Annual
Depreciation and ARO liability	`DepreciationOfAroLiability`	$2.90K	USD	Annual
Depreciation and ARO liability	`DepreciationOfAroLiability`	$2.90K	USD	Annual
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$11.64K	USD	Annual
Asset retirement obligation accretion	`AssetRetirementObligationAccretionExpense`	$11.57K	USD	Annual
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$203.97K	USD	Annual
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$29.07K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$42.58K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$42.59K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.70K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.71K	USD	Annual
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	Annual
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-29.27K	USD	Annual
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$48.70K	USD	Annual
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.48K	USD	Annual
Accrued payroll-related party	`IncreaseDecreaseInAccruedSalaries`	$5.85K	USD	Annual
Accrued payroll-related party	`IncreaseDecreaseInAccruedSalaries`	$11.16K	USD	Annual
Dividends payable to related party	`DividendPayableToRelatedParty`	$-12.75K	USD	Annual
Dividends payable to related party	`DividendPayableToRelatedParty`	$5.30K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$6.00K	USD	Annual
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-333.88K	USD	Annual
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-430.34K	USD	Annual
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	$-160.00K	USD	Annual
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	-	USD	Annual
Principal payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$4.28K	USD	Annual
Principal payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$7.86K	USD	Annual
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.28K	USD	Annual
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.14K	USD	Annual
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from advances from related party	`ProceedsFromRelatedPartyDebt`	$40.00K	USD	Annual
Payments for advances from related party	`RepaymentsOfRelatedPartyDebt`	$25.00K	USD	Annual
Payments for advances from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$100.00K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Reductions in accounts payable in exchange for common stock	`ReductionInAccountantPayableInExchangeForCommonStock`	$47.71K	USD	Annual
Reductions in accounts payable in exchange for common stock	`ReductionInAccountantPayableInExchangeForCommonStock`	-	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$322.50K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$145.00K	USD	Annual
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$150.00K	USD	Annual
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$150.00K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$385.21K	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.00K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.40K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-197.27K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.93K	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$129.93K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Interest paid	`InterestPaid`	$20.00K	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Taxes	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued in exchange for consulting services	`StockIssued1`	$197.50K	USD	Annual
Common stock issued in exchange for consulting services	`StockIssued1`	$45.95K	USD	Annual
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$750.00	USD	Annual
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$185.92K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-48.71K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$35.53K	USD	Annual
Gain (Loss) from settlement of debt	`GainLossFromSettlementOfDebt`	-	USD	Annual
Gain (Loss) from settlement of debt	`GainLossFromSettlementOfDebt`	$9.39K	USD	Annual
Increase in well interest due to economic revisions	`IncreaseInWellInterestDueToEconomicReason`	$4.61K	USD	Annual
Increase in well interest due to economic revisions	`IncreaseInWellInterestDueToEconomicReason`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$587.99K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$442.09K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.05M	USD	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$197.50K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$45.95K	USD	Annual
Common stock issued for services, Shares	`StockIssuedDuringPeriodSharesIssuedForServices`	126,667.00	shares	Annual
Common stock issued for conversion of note payable and assumption of debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$185.92K	USD	Annual
Common stock issued for conversion of note payable and assumption of debt, Shares	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	100.00	shares	Annual
Discount on note payable due to beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$46.35K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$150.00K	USD	Annual
Common stock cancelled and issued in error	`CommonStockCancelledAndIssuedInErrorValue`	$-1.00	USD	Annual
Preferred stock issued for cash	`PreferredStockIssuedDuringPeriodValueIssuedForCash`	$150.00K	USD	Annual
Net Loss	`NetIncomeLoss`	$-749.31K	USD	Annual
Net Loss	`NetIncomeLoss`	$-737.15K	USD	Annual
Net Loss	`NetIncomeLoss`	$29.97M	USD	88 Qtrs
Balance	`StockholdersEquity`	$587.99K	USD	Point-in-time
Balance	`StockholdersEquity`	$442.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.05M	USD	Point-in-time

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