General form of registration statement for all companies including face-amount certificate companies

Schedule of Predecessor Carve-Out Financial Statements (Tables)

v2.4.0.8
Schedule of Predecessor Carve-Out Financial Statements (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Predecessor Carve-Out Financial Statements:  
Schedule of Predecessor Carve-Out Financial Statements

Changes in Stanford’s stockholders’ equity for the four months ended April 30, 2011, on a post-split basis, were as follows:

 

 

 

 

 

 

 Additional

 

 Total

 

 Common Stock

 

 Paid-in

 

 Stockholders'

 

 Shares

 Amount

 

 Capital

 

 Equity

Balance, December 31, 2010

5,000,000

$

5,000

$

(5,000)

$

-

Common stock issued for no consideration

1,250,000

 

1,250

 

(1,250)

 

-

Cash paid in from shareholders without

 

 

 

 

 

 

 

  the issuance of additional shares

-

 

-

 

206,000

 

206,000

Balance, April 30, 2011

6,250,000

$

6,250

$

199,750

$

206,000

Changes in cash flows of predecessor

Stanford’s cash flows during the four months ended April 30, 2011 were as follows:

 

Cash Flows from Investing Activities

 

 

 

 

Payments to purchase oil and gas properties

 

$

(176,000)

Cash Flows From Financing Activities

 

 

 

 

Capital contributions from shareholders

 

 

206,000

Net Increase in Cash

 

 

30,000

Cash at Beginning of Period

 

 

-

Cash at End of Period

 

$

30,000