10-Q/A Filing

GROOVE BOTANICALS INC. CIK: 918573 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001213900-13-005029`
Period End Date	20130630
Filing Date	20130912
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	aogn-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 69

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$321.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.93K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$42.95K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$52.67K	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
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$12.15K	USD	Point-in-time
Allowance for doubtful accounts on receivables from joint interests	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$140.23K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$200.70K	USD	Point-in-time
Allowance for doubtful accounts on receivables from joint interests	`ReceivablesFromJointInterestsAllowanceForDoubtfulAccounts`	$139.61K	USD	Point-in-time
Receivables from joint interests, net of allowance for doubtful accounts of $139,610 and $140,227	`DueFromRelatedPartiesCurrent`	$20.00K	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 $139,610 and $140,227	`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
Total current assets	`AssetsCurrent`	$594.09K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	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
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$12.14K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$12.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	200.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.21M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	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`	$172.83K	USD	Point-in-time
Producing oil & gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$168.33K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$138.40K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$127.76K	USD	Point-in-time
Total Assets	`Assets`	$2.77M	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`	$593.01K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$202.22K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$205.22K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$40.75K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$42.53K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$11.88K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$11.34K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$21.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$21.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$250.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$839.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$864.75K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$275.00K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$102.66K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$105.23K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.09M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 10,208,062 and 6,208,062 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively	`CommonStockValue`	$10.21K	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 10,208,062 and 6,208,062 shares issued and outstanding at June 30, 2013 and March 31, 2013, respectively	`CommonStockValue`	$6.21K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$30.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.97M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$676.53K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$442.09K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.77M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Oil & Gas Sales	`OilAndGasRevenue`	$23.29K	USD	1 Quarter
Oil & Gas Sales	`OilAndGasRevenue`	$19.07K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$7.35K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$19.73K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.70K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$64.88K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$87.50K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$60.00K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$17.13K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$14.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$155.86K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$176.86K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-136.79K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-153.57K	USD	1 Quarter
Gain (Loss) on conversion of notes payable	`LossOnConversionOfNotePayable`	-	USD	1 Quarter
Gain (Loss) on conversion of notes payable	`LossOnConversionOfNotePayable`	$7.90K	USD	Point-in-time
Gain (Loss) on conversion of notes payable	`LossOnConversionOfNotePayable`	$7.90K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$25.05K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$48.79K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-32.95K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-48.79K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-202.37K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-169.74K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-169.74K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-202.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$30.16M	USD	89 Qtrs
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$10.00K	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$13.78K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-212.37K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-183.52K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.13M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.81M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-169.74K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-202.37K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$30.16M	USD	89 Qtrs
Common stock issued for services	`CommonStockIssuedForServices`	$87.50K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$60.00K	USD	1 Quarter
Loss on conversion of notes payable	`GainLossOnConversionOfNotesPayable`	-	USD	1 Quarter
Loss on conversion of notes payable	`GainLossOnConversionOfNotesPayable`	$7.90K	USD	1 Quarter
Acreted interest	`AccretionExpense`	-	USD	1 Quarter
Acreted interest	`AccretionExpense`	$2.50K	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	-	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	$2.41K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$349.00	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$6.14K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$3.78K	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`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.65K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.65K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.86K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.68K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$10.00K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-35.21K	USD	1 Quarter
Dividends payable to related party	`DividendPayableToRelatedParty`	$1.00K	USD	1 Quarter
Dividends payable to related party	`DividendPayableToRelatedParty`	-	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$5.00K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	-	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$2.57K	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$2.33K	USD	1 Quarter
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.00K	USD	1 Quarter
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-109.65K	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	-	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	$-40.70K	USD	1 Quarter
Principal payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$3.58K	USD	1 Quarter
Principal payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$2.14K	USD	1 Quarter
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.12K	USD	1 Quarter
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.14K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$35.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Dividends paid	`Dividends`	$-12.00K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	1 Quarter
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$50.00K	USD	1 Quarter
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$338.00K	USD	1 Quarter
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.85K	USD	1 Quarter
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$191.23K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$321.16K	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`	$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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$321.16K	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`	$114.53K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.93K	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`	$87.50K	USD	1 Quarter
Common stock issued in exchange for consulting services	`StockIssued1`	$60.00K	USD	1 Quarter
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$100.00K	USD	Point-in-time
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$10.00K	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	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter

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