Royal Energy Resources, Inc. (ROYE) Balance Sheet

Cash and cash equivalents	75K
Accounts receivable	13.3M
Total current assets	30.24M
Mining properties
Unproved properties not being amortized (full cost method)
Total properties	79.25M
Accumulated depreciation, depletion and amortization	-3.14M
Net properties
Total assets	153.06M
Accounts payable	8.87M
Accrued expenses
Convertible note payable	2.15M
Total current liabilities	24.74M
Preferred stock: $0.00001 par value; authorized 10,000,000 shares; 100,000 shares issued and outstanding at February 29, 2012 and August 31, 2011	0
Common stock: $0.00001 par value; authorized 100,000,000 shares; 85,763,731 shares issued and outstanding at February 29, 2012 and August 31, 2011	0
Additional paid-in capital	42.78M
Deferred option and stock compensation
Common stock subscription receivable
Deficit accumulated during the development stage
Total stockholders' equity (deficit)	28.26M
Total liabilities and stockholders' equity (deficit)	153.06M

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