WESTMONT RESOURCES INC. - FORM 10-Q/A - EX-99.1 - CONSOLIDATED STATEMENT OF STOCKHOLDERS? DEFICIT - January 18, 2011

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10-Q/A - WESTMONT RESOURCES INC.westm_10qa.htm
EX-31.2 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - WESTMONT RESOURCES INC.westm_ex31-2.htm
EX-31.1 - CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - WESTMONT RESOURCES INC.westm_ex31-1.htm
EX-21.1 - LIST OF SUBSIDIARIES - WESTMONT RESOURCES INC.westm_ex21-1.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - WESTMONT RESOURCES INC.westm_ex32-2.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - WESTMONT RESOURCES INC.westm_ex32-1.htm
EXHIBIT 99.1
 
WESTMONT RESOURCES INC
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT
FOR THE PERIOD FROM INCEPTION ON NOVEMBER 16, 2004 TO November 30, 2010
 
 (AN EXPLORATION STAGE COMPANY)
(Unaudited)

 
 
 
 
 
 
 
Date
  
 
 
Number of Preferred Shares
    
 
 
Par Value of Preferred Shares
    
 
 
 
 
Number of Common Shares
    
 
 
Par Value of Common Shares
    
 
 
 
Additional Paid -in Capital
    
 
 
 
Share Subscription Receivables
    
Surplus/
(Deficit) Accumulated During the Exploration Phase
    
 
 
Total Stockholders Equity / (Deficit)
  
              0.001             0.001                          
Balance – November 16, 2004 (Date of Inception)
17-Nov-04
     -       -       -       -       -       -       -       -  
Common stock issued for cash at $0.001 per share
18-Nov-04
     -       -       110,000       110       5,390       -       -       5,500  
Share subscriptions received
16-Mar-04
     -       -       -       -       -       10,700       -       10,700  
Net loss for the period
1-Jun-04
     -       -       -       -       -       -       (4,515 )     (4,515 )
Balance – May 31, 2005
1-Jun-05
     -       -       110,000       110       5,390       10,700       (4,515 )     11,685  
Common stock issued for cash at $0.02 per share
16-Aug-05
     -       -       76,660       77       76,583       -       -       76,660  
Subscriptions receivable
16-Sep-05
     -       -       -       -       -       (10,700 )     -       (10,700 )
Net loss for the year
1-Jun-05
     -       -       -       -       -       -       (16,226 )     (16,226 )
Balance – May 31, 2006
1-Jun-06
     -       -       186,660       187       81,973       -       (20,741 )     61,419  
Net loss for the year
1-Jun-06
     -       -       -       -       -       -       (40,353 )     (40,353 )
Balance – May 31, 2007
1-Jun-07
     -       -       186,660       187       81,973       -       (61,094 )     21,066  
Net loss for the year
1-Jun-07
     -       -       -       -       -       -       (60,832 )     (60,832 )
Balance – May 31, 2008
1-Jun-08
     -       -       186,660       187       81,973       -       (121,926 )     (39,766 )
Common stock issued for services at $0.001 per share
22-Nov-08
     -       -       340,000       340       16,660       -       -       17,000  
Common stock issued for Avalon International services at $0.001 per share
22-Nov-08
     -       -       450,000       450       22,050       -       -       22,500  
Common stock issued for partial conversion of debt
7-Feb-09
     -       -       40,000       40       30,041       -       -       30,081  
Convertible preferred stock issued for services at $0.001 per share
17-Feb-09
     60,000       60       -       -       2,940       -       -       3,000  
Beneficial conversion feature for convertible preferred stock
17-Feb-09
     -       -       -       -       3,000       -       -       3,000  
Deemed dividend for preferred shares
17-Feb-09
     -       -       -       -       (3,000 )     -       -       (3,000 )
Common stock issued for acquisition of Get2Networks, Inc. at $0.001 per share
2-Mar-09
     -       -       866,000       866       42,434       -       -       43,300  
Common stock issued for partial conversion of debt
21-May-09
     -       -       50,000       50       35,500       -       -       35,550  
Net loss for the year
1-Jun-09
     -       -       -       -       -       -       (546,925 )     (546,925 )
Balance – May 31, 2009
1-Jun-09
     60,000       60       1,932,660       1,933       231,598       -       (668,851 )     (435,260 )
Convertible preferred stock issued for services at $0.001 per share
26-Oct-09
     30,000       30       -               1,470       -       -       1,500  
Common stock issued for service at $0.001 per share
1-Dec-09
                     2,000,000       2,000       -       -       -       2,000  
preferred stock issued for services at $0.001 per share
11-May-10
     40,000       40                       -       -       -       40  
Common stock issued for service at $0.001 per share
11-May-10
                     30,000,000       30,000       -       -       -       30,000  
Common stock cancelled for sale of G2N
11-May-10
                     (433,000 )     (433 )     433                       -  
Preferred stock cancelled for sale of G2N
11-May-10
     (30,000 )     (30 )                     30                       -  
Shares issued for conversion of debt
15-May-10
                     20,000,000       20,000       -       -       -       20,000  
Net loss for the year
1-Jun-10
     -       -       -       -       -       -       (447,113 )     (447,113 )
Balance – May 31, 2010
1-Jun-10
     100,000       100       53,499,660       53,500       233,531       -       (1,115,964 )     (828,833 )
Net loss for the year
1-Sep-10
     -       -       -       -       -       -               (39,129 )
Balance – August 31, 2010
1-Sep-10
     100,000       100       53,499,660       53,500       233,531       -       (1,115,964 )     (867,962 )
Common stock issued for service at $0.001 per share
3-Sep-10
                     175,000       175       -       -       -       175  
Shares issued for conversion of debt
7-Oct-10
                     6,300,000       12,715       -       -       -       12,715  
Prior period adjustment for non-cancelled stock
30-Nov-10
     30,000       30       433,000       433       (463 )     -       -       -  
Net loss for the year
30-Nov-10
     -       -       -       -       -       -               (155,511 )
Balance – November 30, 2010
30-Nov-10
     130,000       130       60,407,660       66,823       233,068       -       (1,115,964 )     (1,010,583 )

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