10-Q Filing

GROOVE BOTANICALS INC. CIK: 918573 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001354488-11-002883`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	aogn-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 34 Cash Flow Statement 72

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.52K	USD	Point-in-time
Receivables from joint interests, net of allowance, for doubtful accounts of $135,727 and $178,922	`ReceivablesFromJointInterests`	$135.73K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.00	USD	Point-in-time
Receivables from joint interests, net of allowance, for doubtful accounts of $135,727 and $178,922	`ReceivablesFromJointInterests`	$178.92K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$30.18K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$15.26K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$7.86K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$7.86K	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
Deposits and prepaid expenses	`DepositsAndPrepaidExpenses`	$160.00K	USD	Point-in-time
Deposits and prepaid expenses	`DepositsAndPrepaidExpenses`	-	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	100.00	shares	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 $135,727 and $178,922	`DueFromRelatedPartiesCurrent`	$6.07K	USD	Point-in-time
Receivables from joint interests, net of allowance, for doubtful accounts of $135,727 and $178,922	`DueFromRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$340.99K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$359.15K	USD	Point-in-time
Common stock s par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock s par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$29.29K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$27.86K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock shsares issued	`CommonStockSharesIssued`	531.40M	shares	Point-in-time
Common stock shsares issued	`CommonStockSharesIssued`	531.40M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.88K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.90K	USD	Point-in-time
Unproven oil and gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	479.56M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	479.56M	shares	Point-in-time
Unproven oil and gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Producing oil and gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$219.45K	USD	Point-in-time
Producing oil and gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$231.72K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$223.57K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$212.93K	USD	Point-in-time
Total Assets	`Assets`	$2.70M	USD	Point-in-time
Total Assets	`Assets`	$2.69M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$580.51K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$534.88K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$185.20K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$190.60K	USD	Point-in-time
Dividends payable - related party	`DividendsPayableCurrent`	$50.70K	USD	Point-in-time
Dividends payable - related party	`DividendsPayableCurrent`	$48.20K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$13.11K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesToJointInterest`	$14.53K	USD	Point-in-time
Notes payable- related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable- related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$40.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$449.26K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	$439.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$302.22K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$296.55K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$79.45K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$80.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.65M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.65M	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: 1,000,000,000 shares authorized 531,403,603 and 479,556,004 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively	`CommonStockValue`	$531.40K	USD	Point-in-time
Common stock, $.001 par value: 1,000,000,000 shares authorized 531,403,603 and 479,556,004 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively	`CommonStockValue`	$479.56K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.41M	USD	Point-in-time
Common stock subscribed	`CommonStockSharesSubscriptions`	$140.00K	USD	Point-in-time
Common stock subscribed	`CommonStockSharesSubscriptions`	$105.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.49M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$978.35K	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$2.70M	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$2.69M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Oil and gas sales	`OilAndGasRevenue`	$30.18K	USD	1 Quarter
Oil and gas sales	`OilAndGasRevenue`	$59.23K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpenseSeveranceTaxesAndAroAccretion`	$33.99K	USD	1 Quarter
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpenseSeveranceTaxesAndAroAccretion`	$30.51K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$88.33K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$136.15K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$28.24K	USD	1 Quarter
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$24.17K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$146.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$194.90K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-164.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-87.27K	USD	1 Quarter
Gain on sale of well interest	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on sale of well interest	`GainLossOnInvestments`	$22.48K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$28.53K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-110.88K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.22K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$30.44K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-100.62K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.91K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-265.34K	USD	1 Quarter
Loss before income taxes	`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`	$-265.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.18K	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`	$-99.18K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-275.34K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.00	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	498.43M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	194.73M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-265.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.18K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$2.33K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$15.95K	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	$-1.33K	USD	1 Quarter
Stock issued for reduction of interest on notes payable	`StockIssuedForReductionOfInterestOnNotesPayable`	-	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$28.53K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-110.88K	USD	1 Quarter
Gain on sale of well interest	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on sale of well interest	`GainLossOnInvestments`	$22.48K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$2.48K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$1.63K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$15.12K	USD	1 Quarter
Depletion	`DepletionOfOilAndGasProperties`	$11.54K	USD	1 Quarter
Depreciation of ARO liability	`DepreciationOfAroLiability`	$724.00	USD	1 Quarter
Depreciation of ARO liability	`DepreciationOfAroLiability`	$724.00	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$549.00	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`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.99K	USD	1 Quarter
Joint Interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-13.93K	USD	1 Quarter
Joint Interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$23.00	USD	1 Quarter
Deposit and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Deposit and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.95K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$29.97K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$23.00	USD	1 Quarter
Dividend payable	`DividendPayableToRelatedParty`	$2.50K	USD	1 Quarter
Dividend payable	`DividendPayableToRelatedParty`	$9.50K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$5.40K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$29.80K	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$1.45K	USD	1 Quarter
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$1.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-99.83K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-71.40K	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	-	USD	1 Quarter
Deposit on the purchase of additional assets	`DepositOnPurchaseOfAdditionalAssets`	$-160.00K	USD	1 Quarter
Principal payment received on note receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	-	USD	1 Quarter
Principal payment received on note receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$1.43K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-158.57K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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`	$25.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-46.40K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-170.69K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.52K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$311.80K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.00	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$141.12K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.52K	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`	$118.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Taxes	`TaxesPAid`	-	USD	1 Quarter
Taxes	`TaxesPAid`	-	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`	$2.33K	USD	1 Quarter
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$224.00K	USD	1 Quarter
Common stock issued for conversion of note payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount1`	$100.62K	USD	1 Quarter
Gain on sale of Well interests	`GainLossOnInvestments`	-	USD	1 Quarter
Gain on sale of Well interests	`GainLossOnInvestments`	$22.48K	USD	1 Quarter
Common stock issued in error	`CommonStockIssuedInError`	-	USD	1 Quarter
Common stock issued in error	`CommonStockIssuedInError`	$10.00K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$28.53K	USD	1 Quarter
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-110.88K	USD	1 Quarter

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