v2.4.0.8

TORON, INC. AND SUBSIDIARY - Consolidated Balance Sheets (Unaudited) (USD $)	Oct. 31, 2013	Jan. 31, 2013
Current Assets
Cash	$ 2,000
Total Assets	2,000	0
Current Liabilities
Accounts payable and accrued liabilities	91,309	73,454
Advances	270,145	242,625
Due to related parties	57,457	41,305
Derivative liability	19,116	86,518
Convertible debt	1,550	48,750
Total Liabilities	439,577	492,652
Common stock, 850,000,000 shares authorized, $0.001 par value; 328,339,316 and 211,290,000 shares issued and outstanding at October 31, 2013 and January 31, 2013, respectively	328,339	211,290
Additional paid-in capital	1,422,888	1,433,890
Deficit accumulated during the development stage	(53,843)	(53,843)
Deficit accumulated during the exploration stage	(2,134,961)	(2,083,989)
Total Stockholders’ Deficit	(437,577)	(492,652)
Total Liabilities and Stockholders’ Deficit	$ 2,000	$ 0

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.

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Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

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Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder.

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Cumulative net losses reported during the development stage.

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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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TORON INC. 10-Q