CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	9 Months Ended
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	Apr. 30, 2012	Apr. 30, 2011
Operating activities:
Net income/(loss)	$ (7,082,073)	$ 2,801,720
Net income/(loss) discontinued operations	1,866,812	(4,171,156)
Adjustments to reconcile net income (loss) to net cash (used) in operating activities
Depreciation, depletion and amortization	8,720	28,027
Loss on sale of fixed assets	3,767,827	0
Gain on bankruptcy of subsidiary	(5,369,281)	0
Gain on valuation of derivative liability	(306,932)	0
Gain on sale of licensing rights	0	(500,000)
Stock and options issued for compensation	0	363,328
Amortization of stock and options issued for services	2,470,035	131,980
Impairment expense	267,255	0
Changes in operating assets and liabilities:
Change in accounts receivable	451,115	(33,520)
Change in prepaid expenses	1,097,432	0
Change in other assets	(10,666)	30,287
Change in accounts payable	(111,258)	494,768
Change in accrued expense	(28,381)	748,488
Changes in customer deposits	0	(162,031)
Net cash provided by (used in) operating activities-continued	(195,741)	(71,537)
Net cash provided by (used in) operating activities-discontinued	2,210,112	2,069,767
Cash provided (used by) operating activities	2,014,371	1,998,230
Cash flow from Investing activities:
Purchases and improvements to fixed assets	(352,752)	0
Proceeds from sale of fixed assets	100	275,000
Net cash provided by (used in) investing activities-continuing	(352,652)	275,000
Net cash provided by (used in) investing activities-discontinued	240,438	(413,027)
Cash provided by (used in) investing activities	(112,214)	(138,027)
Financing activities:
Purchase of treasury stock	(2,000,000)	0
Sale of common stock, net of expenses	2,921,576	0
Proceeds (payments) on notes payable-net	(274,881)	(161,204)
Net cash provided by (used in) financing activities-continuing	646,695	(161,204)
Net cash provided by (used in) financing activities-discontinued	(3,429,545)	(660,240)
Net cash provided by (used in) financing activities	(2,782,850)	(821,444)
Net (decrease) increase in cash	(880,693)	1,038,759
Cash and cash equivalents, beginning of period	900,883	28,525
Cash and cash equivalents, end of period	20,190	1,067,284
Cash paid during the period for:
Interest	1,446,640	558,441
Income taxes	0	0
Non-cash financing activities:
Stock and options issued for compensation	0	363,328
Options issued for notes and accounts payable	0	60,000
Equipment acquired with notes payable	0	479,424
Equipment acquired with stock	0	1,244,168
Note payable issued for pre-paid non-compete agreement	1,200,000	0
Services
Adjustments to reconcile net income (loss) to net cash (used) in operating activities
Stock and warrants issued	60,900	196,572
Non-cash financing activities:
Stock and warrants issued	60,900	196,572
Financing Costs
Adjustments to reconcile net income (loss) to net cash (used) in operating activities
Stock and warrants issued	2,722,753	0
Non-cash financing activities:
Stock and warrants issued	2,722,753	0
Prepaid Expense
Non-cash financing activities:
Stock and warrants issued	$ 1,066,817	$ 0

IMPERIAL PETROLEUM INC 10-Q