v2.4.0.6

Statements of Cash Flows (Audited) (USD $)	12 Months Ended		63 Months Ended
Statements of Cash Flows (Audited) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (23,415)	$ (17,322)	$ (90,939)
Adjustments to reconcile net loss to net cash used from operating activities:
Contributed capital for rent	0	3,600	15,000
Changes in operating assets and liabilities:
(Increase) in prepaid expenses	(5,000)	0	(5,000)
Increase (decrease) in interest payable	(983)	716	0
Net cash flows used in operating activities	(29,398)	(13,006)	(80,939)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment, cost	(60,000)	0	(60,000)
Net cash flows used in investing activities	(60,000)	0	(60,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock	0	130,000	160,000
Proceeds/ (repayment) of line of credit	(300)	(9,500)	0
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 YEAR	108,759	1,265	0
CASH END OF YEAR	$ 19,061	$ 108,759	$ 19,061

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Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).

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The increase (decrease) during the reporting period in cash and cash equivalents. 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 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 from (used in) the entity's financing activities specifically EXCLUDING the cash flows derived by the entity from its discontinued operations, if any. This element is only to be used when the entity reports its cash flows attributable to discontinued operations separately from the cash flow provided by or used in financing activities. Such reporting would necessitate the entity to use the Net Cash provided by or used in Discontinued Operations, Total element provided in the taxonomy.

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The net cash inflow or outflow from investing activity.

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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 associated with the amount received by a corporation from a shareholder during the period.

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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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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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CRATER MOUNTAIN RESOURCES, INC. 10-K/A