STATEMENTS OF CASH FLOWS - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
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| Cash used in: OPERATING ACTIVITIES | |||
| Net loss for the year | $ (244,437) | $ (191,795) | $ (193,182) |
| Non-cash items included in net loss | |||
| Accrued interest expense | 62,196 | 32,593 | 10,642 |
| Changes in working capital related to operating activities | |||
| Prepaid expenses | 747 | (647) | (433) |
| Trade and accrued payables | 24,558 | 1,687 | 2,043 |
| Net cash used in operating activities | (156,936) | (158,162) | (180,930) |
| FINANCING ACTIVITY | |||
| Loan from PXP Energy Corporation | 155,286 | 356,500 | 278,620 |
| Net cash provided by financing activity | 155,286 | 356,500 | 278,620 |
| INVESTING ACTIVITY | |||
| Loan to Forum Energy Limited | 0 | (204,000) | (198,620) |
| Net cash used in investing activity | 0 | (204,000) | (198,620) |
| Net decrease in cash | (1,650) | (5,662) | (100,930) |
| Cash - beginning of the year | 7,406 | 13,068 | 113,998 |
| Cash - end of the year | $ 5,756 | $ 7,406 | $ 13,068 |
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- Definition Adjustments for the decrease (increase) in prepaid expenses to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Current prepaid expenses; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Adjustments for interest expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Interest expense; Profit (loss)] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents, from continuing and discontinued operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities, from continuing and discontinued operations. [Refer: Revenue] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The increase (decrease) in cash and cash equivalents after the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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