v2.4.0.6

Statements of Cash Flows (USD $)	12 Months Ended		63 Months Ended
Statements of Cash Flows (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (23,415)	$ (17,322)	$ (90,939)
Contributed capital for rent		(3,600)	(15,000)
Changes in operating assets and liabilities:
(Increase) in prepaid expenses	(5,000)		(5,000)
Increase (decrease) in interest payable	(983)	716
Net cash flows used in operating activities	(29,398)	(13,006)	(80,939)
Purchase of investment, cost	(60,000)		(60,000)
Net cash flows used in investing activities	(60,000)		(60,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock		130,000	160,000
Proceeds/ (repayment) of line of credit	(300)	(9,500)
Net cash flows provided by (used in) financing activities	(300)	120,500	160,000
NET INCREASE (DECREASE) IN CASH	(89,698)	107,494	19,061
CASH BEGINNING OF PERIOD	108,759	1,265
CASH END OF PERIOD	$ 19,061	$ 108,759	$ 19,061

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Cash provided by or used in the financing activities of the entity's discontinued operations during the period. The reporting entity may disclose the net cash flows from discontinued operations below the net cash flows from financing activities or include cash flows from discontinued operations, by category (operating, investing, or financing), in the body of the cash flow statement. This element is used to disclose cash flows from the financing activities of discontinued operations as a component of net cash flows from discontinued operations, which is reported below net cash flows from financing activities of continuing operations.

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The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity.

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The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.

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The net cash inflow or outflow from investing activity.

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The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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The cash outflow associated with the purchase of all investments (debt, security, other) during the period.

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The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership.

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The cash inflow from the additional capital contribution to the entity.

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The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets).

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CRATER MOUNTAIN RESOURCES, INC. 10-K