SEC Info - 3Power Energy Group Inc. - ‘10-Q’ for 12/31/12

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3Power Energy Group Inc. – ‘10-Q’ for 12/31/12 – ‘R8’

On: Thursday, 2/14/13, at 3:53pm ET · For: 12/31/12 · Accession #: 1144204-13-9053 · File #: 333-103647

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/14/13  3Power Energy Group Inc.          10-Q       12/31/12   50:1.8M                                   Toppan Merrill/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    151K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     21K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     21K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
32: R1          Document and Entity Information                     HTML     37K 
23: R2          Condensed Consolidated Balance Sheets               HTML    100K 
30: R3          Condensed Consolidated Balance Sheets               HTML     27K 
                (Parenthetical)                                                  
34: R4          Condensed Consolidated Statement of Operations      HTML    103K 
46: R5          Condensed Consolidated Statement of Cash Flows      HTML    107K 
24: R6          Business and Recapitalization                       HTML     36K 
29: R7          Significant Accounting Policies                     HTML     36K 
21: R8          Going Concern Matters                               HTML     21K 
15: R9          Note Payable                                        HTML     21K 
47: R10         Facilitation Agreement                              HTML     20K 
36: R11         Power Acquisition Agreement                         HTML     27K 
35: R12         Acquisition of Shala Energy Shpk                    HTML     22K 
40: R13         Common Stock                                        HTML     29K 
41: R14         Related Party Transactions                          HTML     26K 
39: R15         Non Controlling Interest                            HTML     25K 
42: R16         Subsequent Events                                   HTML     20K 
31: R17         Significant Accounting Policies (Policies)          HTML     75K 
33: R18         Business and Recapitalization (Tables)              HTML     22K 
38: R19         Significant Accounting Policies (Tables)            HTML     19K 
50: R20         Non Controlling Interest (Tables)                   HTML     24K 
44: R21         Subsequent Events (Tables)                          HTML     19K 
26: R22         BUSINESS AND RECAPITALIZATION - Additional          HTML     22K 
                Information (Details)                                            
37: R23         SUMMARY of MAJOR CLASSES of ASSETS and LIABILITIES  HTML     21K 
                SUBSIDIARY (Details)                                             
28: R24         Assets and Liabilities of the Subsidiaries          HTML     21K 
                (Details)                                                        
13: R25         SUMMARY of EXCHANGE RATES USED to TRANSLATE         HTML     20K 
                AMOUNTS in GBP into USD (Details)                                
45: R26         GOING CONCERN MATTERS - Additional Information      HTML     28K 
                (Details)                                                        
48: R27         NOTE PAYABLE - Additional Information (Details)     HTML     23K 
18: R28         FACILITATION AGREEMENT - Additional Information     HTML     24K 
                (Details)                                                        
17: R29         POWER ACQUISITION AGREEMENT - Additional            HTML     30K 
                Information (Details)                                            
19: R30         ACQUISITION OF SHALA ENERGY SHPK - Additional       HTML     30K 
                Information (Details)                                            
20: R31         COMMON STOCK - Additional Information (Details)     HTML     33K 
22: R32         RELATED PARTY TRANSACTIONS - Additional             HTML     34K 
                Information (Details)                                            
11: R33         NON CONTROLLING INTEREST - Additional Information   HTML     18K 
                (Details)                                                        
43: R34         Net Loss Attributable to Company (Details)          HTML     31K 
25: R35         SUMMARY of CHANGES in NON CONTROLLING INTEREST      HTML     30K 
                (Details)                                                        
27: R36         SUBSEQUENT EVENTS - Additional Information          HTML     16K 
                (Details)                                                        
14: R37         Subsequent Events (Assets and Liabilities of the    HTML     21K 
                Subsidiaries) (Details)                                          
49: XML         IDEA XML File -- Filing Summary                      XML     72K 
16: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    163K 
 5: EX-101.INS  XBRL Instance -- pspw-20121231                       XML    256K 
 7: EX-101.CAL  XBRL Calculations -- pspw-20121231_cal               XML     77K 
 8: EX-101.DEF  XBRL Definitions -- pspw-20121231_def                XML    312K 
 9: EX-101.LAB  XBRL Labels -- pspw-20121231_lab                     XML    591K 
10: EX-101.PRE  XBRL Presentations -- pspw-20121231_pre              XML    384K 
 6: EX-101.SCH  XBRL Schema -- pspw-20121231                         XSD    102K 
12: ZIP         XBRL Zipped Folder -- 0001144204-13-009053-xbrl      Zip     56K

‘R8’ — Going Concern Matters

This is an IDEA Financial Report. [ Alternative Formats ]

GOING CONCERN MATTERS

9 Months Ended

Dec. 31, 2012

Going Concern Matters [Abstract]

GOING CONCERN MATTERS

NOTE 3 - GOING CONCERN MATTERS

The accompanying unaudited condensed consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern. As of December 31, 2012, the Company has a deficit of $14,905,119 applicable to controlling interest compared with deficit of $13,622,115 applicable to controlling interest as of March 31, 2012, and has incurred significant operating losses and negative cash flows. For the nine months ended December 31, 2012, the Company sustained a net loss of $1,283,004 compared to a net loss of $2,508,436 for the nine months ended December 31, 2011. The Company will need additional financing which may take the form of equity or debt and the Company has converted certain liabilities into equity.

The Company has undertaken further steps as part of a plan to improve operations with the goal of sustaining its operations for the next twelve months and beyond to address its lack of liquidity by raising additional funds, either in the form of debt or equity or some combination thereof. However, there can be no assurance that the Company can successfully accomplish these steps and or business plans, and it is uncertain that the Company will achieve a profitable level of operations and be able to obtain additional financing.

In the event the Company is not able to increase its working capital, the Company will not be able to implement or may be required to delay all or part of its business plan, and their ability to attain profitable operations, generate positive cash flows from operating and investing activities and materially expand the business will be materially adversely affected. The accompanying unaudited condensed consolidated financial statements do not include any adjustments relating to the classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the company be unable to continue in existence.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	2/14/13
For Period end:	12/31/12
	3/31/12	10-K, 10-K/A, NT 10-K
	12/31/11	10-Q, NT 10-Q
		List all Filings

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Filing Submission 0001144204-13-009053 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)