Consolidated Statements of Cash Flows (USD $)	9 Months Ended	12 Months Ended	25 Months Ended
Consolidated Statements of Cash Flows (USD $)	Dec. 31, 2011	Mar. 31, 2011	Dec. 31, 2011
Cash flows from operating activities:
Net loss attributable to Continental Resources Group, Inc.	$ (15,992,673)	$ (7,346,928)	$ (23,635,946)
Adjustments to reconcile net loss attributable to Continental Resources Group, Inc. to net cash used in operating activities:
Depreciation	330,465	6,938	337,403
Amortization of prepaid expenses	1,155,049		1,155,049
Amortization of prepaid expense in connection with the issuance of warrants issued for prepaid services	2,219,426	493,206	2,712,632
Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services	938,500	248,000	1,186,500
Bad debt expense	500,000		500,000
Stock based compensation on options granted	2,558,265	236,600	2,794,865
Consulting fees paid by issuance of common stock			36,000
Common stock issued for directors' compensation			49,000
Impairment of goodwill		3,065,014	3,065,014
Loss from disposal of assets	174,030		174,030
Non-controlling interest	(7,570,532)	(747,459)	(8,317,991)
Amortization of debt discounts and deferred financing cost	3,924,522	76,000	4,000,522
Common stock issued for services		1,400,000	1,400,000
Subsidiary's common stock issued for services	837,500		837,500
Interest expense in connection with the conversion of notes payable into subsidiary's common stock	230,192		230,192
Non-cash settlement expense	4,761,500		4,761,500
Gain from disposal of discontinued operations	(1,079,562)		(1,079,562)
Derivative expense	5,198,206		5,198,206
Change in fair value of derivative liability	(6,902,806)		(6,902,806)
Impairment of mineral rights	15,000	444,200	459,200
Changes in operating assets and liabilities
Other receivable	12,592		12,592
Prepaid expenses - current portion	(465,400)	(537,470)	(1,020,870)
Assets of discontinued operations - current portion	2,133,178		2,133,178
Deposits - current portion	50,000	(50,000)
Prepaid expenses - long term portion		417	417
Assets of discontinued operations - long term portion	10,603		10,603
Accounts payable and accrued liabilities	540,640	112,333	656,031
Liabilities of discontinued operation	1,154,318		1,154,318
Net cash used in operating activities	(5,266,987)	(2,599,149)	(8,092,423)
Cash flows from investing activities:
Acquisition of mineral rights	(15,000)	(65,000)	(289,200)
Investment in marketable securities available for sale	(100,000)		(100,000)
Increase in reclamation bond deposit	(1,715,629)		(1,715,629)
Cash used in acquisition of Gold Acquisition	(12,000,000)		(12,000,000)
Cash and restricted cash acquired in connection with the asset purchase agreement entered into with a majority owned subsidiary	4,230,435		4,230,435
Acquisition of Secure Energy LLC (cash portion)		(59,959)	(59,959)
Proceeds from disposal of assets	133,431		133,431
Purchase of office equipment and vehicle	(80,280)	(38,666)	(118,946)
Net cash used in investing activities	(9,547,043)	(163,625)	(9,919,868)
Cash flows from financing activities:
Proceeds from convertible promissory notes	1,715,604	100,000	1,815,604
Payments on senior convertible promissory notes	(222)		(222)
Payments on note payable	(4,076,500)		(4,076,500)
Payment of convertible promissory note		(50,000)	(50,000)
Proceeds from sale of subsidiary's preferred stock	3,284,396		3,284,396
Proceeds from sale of subsidiary's common stock	3,202,417		3,202,417
Proceeds from sale of common stock, net of issuance cost		16,133,834	17,531,713
Net cash provided by financing activities	4,125,695	16,183,834	21,707,408
Net increase in cash	(10,688,335)	13,421,060	3,695,117
Cash at beginning of period	14,383,452	962,392
Cash at end of year	3,695,117	14,383,452	3,695,117
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	327,721	2,250	329,971
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Beneficial conversion feature and debt discount in connection with the issuance of convertible promissory notes	1,715,604	41,000	1,756,604
Debt discount in connection with the conversion of convertible promissory notes into a qualified financing		35,000	35,000
Issuance of common stock for conversion of convertible promissory notes and accrued interest		50,416	50,416
Stock warrants issued for prepaid services		2,712,632	2,712,632
Issuance of common stock in connection with the acquisition of Secure Energy, LLC		2,960,000	2,960,000
Assumption of note payable in connection with the acquisition of Secure Energy, LLC		50,000	50,000
Common stock to be issued for prepaid services		744,000	744,000
Issuance of common stock for purchase of mineral rights		170,000	170,000
Subsidiary's preferred stock deemed dividend	(3,284,396)		(3,284,396)
Issuance of a note payable in connection with the acquisition of business	8,000,000		8,000,000
Purchase of reclamation bond deposit of Gold Acquisition upon acquisition	2,842,000		2,842,000
Purchase of property and equipment of Gold Acquisition upon acquisition	8,656,929		8,656,929
Purchase of mineral rights of Gold Acquisition upon acquisition	8,501,071		8,501,071
Issuance of subsidiary's common stock for payment of notes payable and accrued interest	777,555		777,555
Issuance of subsidiary's common stock in connection with the conversion of a promissory note into a current private placement offered by subsidiary	$ 611,750		$ 611,750

Continental Resources Group, Inc. 10-K