| Component: (Network and Table) | |
|---|---|
| Network | 000020 - Statement - ABAKAN, INC. CONSOLIDATED BALANCE SHEETS MAY 31ST 2012 and 2011 (http://abakan.com/20120531/role/idr_ABAKANINCCONSOLIDATEDBALANCESHEETSMAY31ST2012And2011) |
| Table | Statement |
| Reporting Entity [Axis] | 0001400000 (http://www.sec.gov/CIK) |
| Statement | Period [Axis] | |
|---|---|---|
2012-05-31 | 2011-05-31 | |
Assets | ||
Assets, Current | ||
Cash and Cash Equivalents, at Carrying Value | 859,566 | |
Accounts Receivable, Net, Current | 22,854 | |
Due from Related Parties, Current | 4,500 | 4,500 |
Prepaid Expense, (Note 7) Current | 183,134 | 16,200 |
Prepaid Expenses - related parties | 1,485 | |
Assets, Current | 1,070,054 | 22,185 |
Assets, Noncurrent | ||
Property, Plant and Equipment, Net (Note 4) | 3,021,088 | 4,630 |
Patents and licenses, net (Note 5) | 7,776,315 | |
Assignment agreement Mesocoat (Note 6) | 250,000 | 250,000 |
Investment deposit on MesoCoat investment (Note 8) | 2,050,000 | |
Investment - MesoCoat (Note 8) | 858,418 | |
Investment - Powdermet (Note 8) | 2,710,189 | 1,721,656 |
Goodwill | 364,384 | |
Finance fees, net | ||
Assets | 15,192,030 | 4,906,889 |
Liabilities and Equity | ||
Liabilities | ||
Liabilities, Current | ||
Accounts Payable, Current | 425,868 | 202,017 |
Accounts Payable related parties (Note 13) | 80,773 | 79,214 |
Accrued Liabilities, Current | 310,997 | 139,689 |
Loans Payable, net of discounts of $456,164 Current (Note 10) | 2,465,165 | 70,600 |
Loan payable - related parties | ||
Accrued interest -loans payable (Note 10) | 183,106 | 41,532 |
Accrued interest -related parties | ||
Capital Lease Obligations, Current | ||
Liabilities, Current | 3,508,908 | 533,052 |
Liabilities, Noncurrent | ||
Loans Payable, net of discounts of $601,940 (Note 10), Noncurrent | 1,146,277 | 1,400,914 |
Capital Lease Obligations, Noncurrent | 72,176 | |
Liabilities | 4,727,361 | 1,933,966 |
Commitments and Contingencies (Note 15) | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ||
Preferred Stock, Value, Issued | ||
Common Stock, Value, Issued | 6,147 | 5,924 |
Additional Paid in Capital, Common Stock | 13,321,527 | 8,330,530 |
Subscription receivable | (165,465) | |
Contributed Capital | 5,050 | 5,050 |
Accumulated Deficit during the development stage | (6,322,365) | (5,203,116) |
Stockholders' Equity Attributable to Noncontrolling Interest | 3,454,310 | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 10,464,669 | 2,972,923 |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
Liabilities and Equity | 15,192,030 | 4,906,889 |