10-K/A Filing

GROOVE BOTANICALS INC. CIK: 918573 FY 2013

Filing Information

Form Type	10-K/A
Accession Number	`0001607062-14-000116`
Period End Date	20140331
Filing Date	20140930
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	aogn-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 33 Cash Flow Statement 75 Stockholders Equity 19

Balance Sheet 73 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
Allowance for doubtful accounts on receivables from joint interests	`AllowanceForDoubtfulAccountsReceivable`	$136.87K	USD	Point-in-time
Allowance for doubtful accounts on receivables from joint interests	`AllowanceForDoubtfulAccountsReceivable`	$140.28K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$223.91K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$52.67K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0 and $0	`AccountsReceivableNetCurrent`	$54.23K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$12.15K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	100.00	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$15.71K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$302.06K	USD	Point-in-time
Deposits and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$160.00K	USD	Point-in-time
Receivables from joint interests, net of allowance for doubtful accounts of $136,873 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 $136,873 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
Total current assets	`AssetsCurrent`	$374.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$615.91K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$12.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.56M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetNoncurrent`	$2.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.21M	shares	Point-in-time
Unproven oil & gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.66M	shares	Point-in-time
Unproven oil & gas properties	`CapitalizedCostsUnprovedProperties`	$1.87M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.21M	shares	Point-in-time
Producing oil & gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$172.83K	USD	Point-in-time
Producing oil & gas properties, net	`OilAndGasPropertyFullCostMethodNet`	$149.48K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$95.81K	USD	Point-in-time
Intellectual property rights, net	`FiniteLivedIntangibleAssetsNet`	$138.40K	USD	Point-in-time
Total Assets	`Assets`	$2.73M	USD	Point-in-time
Total Assets	`Assets`	$2.57M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$579.54K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$630.67K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$207.82K	USD	Point-in-time
Accrued payroll - related parties	`DueToEmployeesCurrent`	$202.22K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$66.73K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$40.75K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesCurrentAndNoncurrent`	$11.88K	USD	Point-in-time
Accrued liabilities to joint interest	`AccruedLiabilitiesCurrentAndNoncurrent`	$11.60K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$26.00K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$21.00K	USD	Point-in-time
Notes payable, net of discount	`OtherNotesPayableCurrent`	-	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`	$891.68K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$864.75K	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$514.30K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$102.66K	USD	Point-in-time
Accrued asset retirement obligation (ARO) liability	`AssetRetirementObligationsNoncurrent`	$112.93K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.12M	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, as of December 31, 2013 and March 31, 2013, respectively; Series B: $.10 par value, 2,000 shares authorized, 200 shares issued and outstanding stated at redemption value as of December 31, 2013 and March 31, 2013, respectively	`PreferredStockValue`	$10.00	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, as of December 31, 2013 and March 31, 2013, respectively; Series B: $.10 par value, 2,000 shares authorized, 200 shares issued and outstanding stated at redemption value as of December 31, 2013 and March 31, 2013, respectively	`PreferredStockValue`	$10.00	USD	Point-in-time
Preferred stock, Series B, $.10 par value, 2,000 shares authorized; 1,300 shares and 150 shares issued and outstanding started at redemption value as March 31, 2014 and March 31, 2013, respectively	`PreferredStockValueSeriesB`	$15.00	USD	Point-in-time
Preferred stock, Series B, $.10 par value, 2,000 shares authorized; 1,300 shares and 150 shares issued and outstanding started at redemption value as March 31, 2014 and March 31, 2013, respectively	`PreferredStockValueSeriesB`	$130.00	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 11,658,062 and 6,208,062 shares issued and outstanding at March 31, 2014 and March 31, 2013, respectively	`CommonStockValue`	$6.21K	USD	Point-in-time
Common stock, $.001 par value: 200,000,000 shares authorized 11,658,062 and 6,208,062 shares issued and outstanding at March 31, 2014 and March 31, 2013, respectively	`CommonStockValue`	$11.66K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$29.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$32.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$442.09K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.21M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$737.99K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.73M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.57M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Oil & Gas Sales	`OilAndGasRevenue`	$163.57K	USD	Annual
Oil & Gas Sales	`OilAndGasRevenue`	$156.32K	USD	Annual
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$134.03K	USD	Annual
Lease operating expense, severance taxes and ARO accretion	`LeaseOperatingExpense`	$124.90K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$602.30K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$537.00K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$63.05K	USD	Annual
Depreciation, depletion, and amortization	`DepreciationDepletionAndAmortization`	$76.13K	USD	Annual
Total operating expenses	`OperatingExpenses`	$738.04K	USD	Annual
Total operating expenses	`OperatingExpenses`	$799.38K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-643.06K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-574.46K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.88K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain (Loss) on conversion of notes payable	`LossOnConversionOfNotePayable`	$-48.71K	USD	Annual
Gain (Loss) on conversion of notes payable	`LossOnConversionOfNotePayable`	$-57.05K	USD	Annual
Interest expense, net	`InterestExpense`	$91.75K	USD	Annual
Interest expense, net	`InterestExpense`	$126.14K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-142.92K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-174.85K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-785.98K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-749.31K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-785.98K	USD	Annual
Net loss	`NetIncomeLoss`	$-749.31K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$40.00K	USD	Annual
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$64.78K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-850.76K	USD	Annual
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-789.31K	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.23	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.01M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.47M	shares	Annual

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-785.98K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-749.31K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$262.00K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$197.50K	USD	Annual
(Gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.88K	USD	Annual
(Gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on conversion of debt	`LossOnConversionOfDebt`	$48.71K	USD	Annual
Loss on conversion of debt	`LossOnConversionOfDebt`	$57.05K	USD	Annual
Accrued interest	`AccretionExpense`	-	USD	Annual
Accrued interest	`AccretionExpense`	-	USD	Annual
Stock issued for reduction of interest on notes payable	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Stock issued for reduction of interest on notes payable	`StockIssuedDuringPeriodValueOther`	$2.41K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Depreciation	`Depreciation`	$1.03K	USD	Annual
Depletion	`DepletionOfOilAndGasProperties`	$20.46K	USD	Annual
Depletion	`DepletionOfOilAndGasProperties`	$32.52K	USD	Annual
Depreciation and ARO liability	`DepreciationAndAmortization`	$2.90K	USD	Annual
Depreciation and ARO liability	`DepreciationAndAmortization`	$2.90K	USD	Annual
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	-	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`	$1.56K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.71K	USD	Annual
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	Annual
Joint interest receivable	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$48.70K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$5.85K	USD	Annual
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$11.57K	USD	Annual
Dividends payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$5.30K	USD	Annual
Dividends payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$6.00K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToEmployeesCurrent`	$5.00K	USD	Annual
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$11.57K	USD	Annual
Asset retirement obligation	`IncreaseDecreaseInAssetRetirementObligations`	$10.27K	USD	Annual
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-333.88K	USD	Annual
Net cash (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-381.59K	USD	Annual
Deposit on the purchase of additional assets	`IncreaseDecreaseInDepositOtherAssets`	$142.06K	USD	Annual
Deposit on the purchase of additional assets	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Principle payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$4.28K	USD	Annual
Principle payments received on notes receivable	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$6.43K	USD	Annual
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.28K	USD	Annual
Net cash provided in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-135.62K	USD	Annual
Payments on notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	Annual
Payments on notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-100.00K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$145.00K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$150.00K	USD	Annual
Common stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	Annual
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$350.00K	USD	Annual
Preferred stock B issued for cash	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$150.00K	USD	Annual
Dividends paid on preferred stock	`DividendsPreferredStockPaidinkind`	-	USD	Annual
Dividends paid on preferred stock	`DividendsPreferredStockPaidinkind`	$-38.80K	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$611.20K	USD	Annual
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$345.00K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$93.98K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.40K	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`	$223.91K	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`	$223.91K	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaid`	$20.00K	USD	Annual
Cash paid during the period for Interest	`InterestPaid`	$72.00K	USD	Annual
Cash paid during the period for Taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during the period for 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`	$262.00K	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`	$109.01K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$5.88K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Preferred stock issued for conversion of notes payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount2`	$600.00K	USD	Annual
Preferred stock issued for conversion of notes payable, accrued interest, and assumption of debt	`DebtConversionConvertedInstrumentAmount2`	-	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$442.09K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$737.99K	USD	Point-in-time
Stock issued for consulting services	`StockIssuedForConsultingServices`	$197.50K	USD	Annual
Stock issued for consulting services	`StockIssuedForConsultingServices`	$262.00K	USD	Annual
Stock issued for conversion of note payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$109.01K	USD	Annual
Stock issued for conversion of note payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$105.91K	USD	Annual
Preferred Stock issued for conversion of note payable	`PreferredStockIssuedForConversionOfNotePayable`	$600.00K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$300.00K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueIssuedForCash`	$150.00K	USD	Annual
Preferred Stock issued for cash	`PreferredStockIssuedForCash`	$350.00K	USD	Annual
Common stock cancelled and issued in error	`CommonStockCancelledAndIssuedInError`	$-1.00	USD	Annual
Preferred stock issued for common stock	`PreferredStockIssuedForCommonStockValue`	-	USD	Annual
Preferred Dividends	`DividendsStock`	$-64.78K	USD	Annual
Net Loss	`NetIncomeLoss`	$-785.98K	USD	Annual
Net Loss	`NetIncomeLoss`	$-749.31K	USD	Annual
Balance	`StockholdersEquity`	$442.09K	USD	Point-in-time
Balance	`StockholdersEquity`	$1.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$737.99K	USD	Point-in-time

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