Balance Sheets (Unaudited) (USD $)	Nov. 30, 2013	Aug. 31, 2013
ASSETS
Cash	$ 2,124	$ 15,092
Prepaid expenses and other	0	48,558
Total Current Assets	2,124	63,650
Non-Current Assets
Property, plant and equipment, net (Note 3)	1,435,951	1,436,206
Mining rights and claims (Note 4)	150,000	152,604
Restricted cash (Note 3)	515,428	515,428
Deferred financing costs	23,996	43,790
Other	4,743	4,743
Total Non-Current Assets	2,130,118	2,152,771
Total Assets	2,132,242	2,216,421
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable	601,540	379,474
Accrued liabilities	844,998	655,075
Convertible notes, less unamortized discount of $262,868 and $386,601 (Note 7)	392,525	284,856
Derivative liabilities (Note 8)	1,188,336	1,424,115
Promissory note payable, including accrued interest (Note 6)	122,930	119,248
Notes payable, including accrued interest - related parties (Note 5)	361,831	357,258
Mortgage notes payable, including accrued interest (Note 3)	191,317	200,578
Total Current Liabilities	3,703,477	3,420,604
Non-Current Liabilities
Asset retirement obligation	515,500	515,500
Total Non-Current Liabilities	515,500	515,500
Total Liabilities	4,218,977	3,936,104
Stockholders' Deficit (Note 9)
Additional paid in capital	28,010,100	28,050,044
Donated capital	29,250	29,250
Deficit accumulated during the exploration stage	(30,482,748)	(29,846,344)
Total Stockholders' Deficit	(2,086,735)	(1,719,683)
Total Liabilities and Stockholders' Deficit	2,132,242	2,216,421
Class A Common Stock
Stockholders' Deficit (Note 9)
Class A common stock, 1,000,000,000 shares authorized, $0.001 par value; 356,662,566 and 47,366,656 issued and outstanding, respectively; Class B common stock, 500,000,000 shares authorized, $0.001 par value; 490,371,533 shares issued and outstanding, respectively	356,663	47,367
Class B Common Stock
Stockholders' Deficit (Note 9)
Class A common stock, 1,000,000,000 shares authorized, $0.001 par value; 356,662,566 and 47,366,656 issued and outstanding, respectively; Class B common stock, 500,000,000 shares authorized, $0.001 par value; 490,371,533 shares issued and outstanding, respectively	$ 0	$ 0

COLORADO GOLDFIELDS INC. 10-Q