Pacific Gold & Royalty 10-K 11 Jul 17 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Jul. 10, 2017
Document And Entity Information
Entity Registrant Name	PACIFIC GOLD CORP
Entity Central Index Key	1,137,855
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 364,464
Entity Common Stock, Shares Outstanding		4,269,909,409
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and Cash Equivalents	$ 135	$ 52,018
Amounts Receivable for Assets Sale	45,223	0
Total Current Assets	45,358	52,018
Mineral Rights, Plant and Equipment
Plant and Equipment, net	0	128,338
Water Rights and Wells	0	90,000
Land	0	13,670
Total Mineral Rights, Plant and Equipment, net	0	232,008
Other Assets:
Reclamation Bond	0	197,938
TOTAL ASSETS	45,358	481,964
Current Liabilities:
Accounts Payable	481,693	890,240
Accrued Expenses	159,312	238,252
Total Current Liabilities	641,005	1,128,492
Accrued Interest, Promissory Notes	41,088	13,584
Convertible Promissory Notes, long-term portion	265,000	265,000
Accrued Interest, Related Party Notes Payable	267,229	113,263
Related Party Convertible Notes Payable, long-term portion, net of discount	1,887,876	1,179,500
Total Liabilities	3,102,198	2,699,839
Commitments and Contingencies
Stockholders' Deficit:
Preferred Stock	300	300
Common Stock	0	0
Additional Paid-in Capital	44,618,725	44,556,225
Accumulated Deficit	(47,675,865)	(46,774,400)
Total Stockholders' Deficit	(3,056,840)	(2,217,875)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 45,358	$ 481,964

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value per share in dollars	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	300,000	300,000
Preferred stock, shares outstanding	300,000	300,000
Common stock, par value in dollars	$ 0.000	$ 0.000
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	4,269,909,409	3,644,909,409
Common stock, shares outstanding	4,269,909,409	3,644,909,409

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenue:
Revenue	$ 0	$ 0
Production Costs:
Depreciation	49,911	106,173
Gross Margin	(49,911)	(106,173)
Operating Expenses:
General and Administrative	393,716	677,122
Total Operating Expenses	393,716	677,122
Loss from Operations	(443,627)	(783,295)
Other Income (Expenses)
Gain on Extinguishment of Debt	0	254,625
Gain on Sale of Subsidiary	390,917	129,918
Change in Fair Value of Derivative Liability	0	72,841
Sub Lease Rents	20,000	40,000
Imputed Interest Income	0	19,767
Foreign Exchange Gain	1,822	3,925
Gain (Loss) on Sale of Equipment	(1,433)	5,394
Bad debt expense	0	(250,000)
Interest Expense	(244,144)	(499,687)
Impairment Loss	0	(583,870)
Amortization of Debt Discount	(625,000)	(612,262)
Total Other Income (Expenses)	(457,838)	(1,419,349)
Net Loss	$ (901,465)	$ (2,202,644)
Basic and Diluted Loss per Share	$ (0.00021)	$ (0.01126)
Weighted Average Shares Outstanding - Basic and Diluted	4,255,603,853	195,632,378

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Deficit - USD ($)	Common Stock	Preferred Stock	Additional Paid-In Capital	Noncontrolling Interest	Accumulated Deficit	Total
Beginning Balance, value at Dec. 31, 2013	$ 0	$ 300	$ 42,174,767	$ (12,816)	$ (44,571,756)	$ (2,409,505)
Beginning Balance, shares at Dec. 31, 2013	145,844,832	300,000
Conversion of Notes Payable	$ 0		2,381,458			2,381,458
Conversion of Notes Payable, shares	3,499,064,577
Reduction in Investment in Subsidiary				12,816		12,816
Net Loss	$ 0	$ 0	0	0	(2,202,644)	(2,202,644)
Ending Balance, value at Dec. 31, 2014	$ 0	$ 300	44,556,225	0	(46,774,400)	(2,217,875)
Ending Balance, shares at Dec. 31, 2014	3,644,909,409	300,000
Conversions of Accrued Interest, value	$ 0		62,500			62,500
Conversions of Accrued Interest, shares	625,000,000
Net Loss	$ 0	$ 0	0	0	(901,465)	(901,465)
Ending Balance, value at Dec. 31, 2015	$ 0	$ 300	$ 44,618,725	$ 0	$ (47,675,865)	$ (3,056,840)
Ending Balance, shares at Dec. 31, 2015	4,269,909,409	300,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (901,465)	$ (2,202,644)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation	49,911	106,173
Imputed Interest Income	0	(19,767)
Bad debt expense	0	250,000
Non-cash Portion of Interest on Convertible Debt	0	306,460
Asset Impairment Loss	0	583,870
Gain (Loss) on Sale of Assets	1,433	(5,394)
Gain on Sale of Subsidiary	(390,917)	(129,918)
(Gain) Loss on Extinguishment of Debt	0	(254,625)
Amortization of Debt Discount	625,000	612,262
Change in Fair Value of Derivative Liability	0	(72,841)
Changes in:
Prepaid Expenses	0	4,709
Accounts Payable	228,578	1,144
Accrued Expenses	(24,163)	(95,029)
Accrued Interest	243,970	234,101
NET CASH USED IN OPERATING ACTIVITIES	(167,653)	(681,499)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of Mineral Rights, Plant and Equipment	0	(87,570)
Proceeds from Sale of Subsidiary	24,644	126,000
Proceeds from Sale of Assets	7,750	606,432
NET CASH USED IN INVESTING ACTIVITIES	32,394	644,862
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on Related Party Notes Payable	0	(318,730)
Proceeds from Related Party Notes Payable	83,376	305,065
Proceeds from Promissory Notes	0	132,500
Payment on Convertible Notes	0	(32,200)
NET CASH PROVIDED BY FINANCING ACTIVITIES	83,376	86,635
NET CHANGE IN CASH AND CASH EQUIVALENTS	(51,883)	49,998
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	52,018	2,020
CASH AND CASH EQUIVALENTS AT END OF PERIOD	135	52,018
Non-cash financing and investing activities:
Beneficial Conversion Feature	0	1,250,000
Change in and accelerated amortization of derivative liability on conversions	0	702,239
Accrued Interest added to Note Principal	0	433,484
Conversion of Notes Payable into Common Stock	0	420,070
Assignment of Portion of Promissory Note to Convertible Note	0	137,500
Assignment of Portion of Related Party Notes to Convertible Note	0	90,000
Conversion of Accrued Interest into Common Stock	$ 62,500	$ 9,150

Summary of Significant Accounti

Summary of Significant Accounting Policies and Basis of Presentation	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Significant Accounting Policies and Basis of Presentation	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION Basis of Presentation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States ("GAAP") and are expressed in U.S. dollars. The Company's fiscal year-end is December 31. Principle of Consolidation The consolidated financial statements include all of the accounts of Pacific Gold Corp.,and its wholly-owned subsidiary Fernley Gold, Inc. All significant inter-company accounts and transactions have been eliminated. Reclassification of Accounts Certain accounts in the prior period have been reclassified to conform to the current year presentation. Significant Accounting Principles Use of Estimates and Assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the consolidated financial statements are published, and (iii) the reported amount of net sales, expenses and costs recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of consolidated financial statements; accordingly, actual results could differ from these estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At December 31, 2015 and December 31, 2014 cash includes cash on hand and cash in the bank. Revenue Recognition Pacific Gold recognizes revenue from the sale of minerals when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collection is reasonably assured, which is determined when it places a sale order of gold from its inventory on hand with the refinery. Property and Equipment Property and equipment are valued at cost. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 2 to 10 years. Mineral Rights All mine-related costs, other than acquisition costs, are expensed prior to the establishment of proven or probable reserves. Reserves designated as proven and probable are supported by a final feasibility study, indicating that the reserves have had the requisite geologic, technical and economic work performed and are legally extractable at the time of reserve determination. Once proven or probable reserves are established, all development and other site-specific costs are capitalized. Capitalized development costs and production facilities are depleted using the units-of-production method based on the estimated gold which can be recovered from the ore reserves processed. Lease development costs for non-producing properties are amortized over their remaining lease term if limited. Maintenance and repairs are charged to expense as incurred. As per Industry Guide 7, there are no proven or probable reserves as of December 31, 2015. Impairment of Long-Lived Assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost-carrying value of an asset may no longer be appropriate. Pacific Gold assesses recoverability of the carrying value of the asset by estimating the undiscounted future net cash flows, which depend on estimates of metals to be recovered from proven and probable ore reserves, and also identified resources beyond proven and probable reserves, future production costs and future metals prices over the estimated remaining mine life. If undiscounted cash flows are less than the carrying value of a property, an impairment loss is recognized based upon the estimated expected future net cash flows from the property discounted at an interest rate commensurate with the risk involved. If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value. The fair value of an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. For Pacific Gold, asset retirement obligations primarily relate to the abandonment of ore-producing property and facilities. The Company reviews the carrying value of its interest in each group of mineral claims owned by its subsidiaries on an annual basis to determine whether impairment has incurred in the claim value. The Company evaluates the mineral claim values based on one of four criteria; cash flow projection, geological reports, asset sale and option agreements, and comparative market analysis including public market value. Where information and conditions suggest impairment, the Company writes-down these properties to the lowest estimated value based on its evaluation criteria. The estimate of gold price, mineralized materials, operating capital, and reclamation costs are subject to risks and uncertainties affecting the recoverability of investment in property and equipment. Where estimates of future net operating cash flows are not available and where other conditions suggest impairment, the Company assesses if the carrying value can be recovered from net cash flows generated by the sale of the asset or other means. Income Taxes In accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, Loss per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the years ended December 31, 2015 and 2014, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. As of December 31, 2015 and 2014, the Company had 18,203,179,400 and 28,388,473,000, respectively, of potentially dilutive common stock equivalents. Advertising The Company’s policy is to expense advertising costs as incurred. For the years ended December 31, 2015 and 2014, the Company incurred $114 and $1,578, respectively, in advertising costs. Environmental Remediation Liability At December 31, 2014, the Company had posted a bond with the State of Nevada in the amount required by the State of Nevada equal to the maximum cost to reclaim land disturbed in its mining process. The bond required a quarterly premium to be paid to the State of Nevada Division of Minerals. The Bond is no longer required as the Company has sold Nevada Rae Gold, Inc. Convertible Debentures Debt – Debt with Conversion and Other Options Compensation – Stock Compensation The Company accounts for modifications of its Embedded Conversion Features in accordance with ASC 470-50, Debt – Modifications and Extinguishments, , Debt – Modification and Extinguishments – Derecognition Stock Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation Recently Issued Accounting Pronouncements The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

Mineral Rights

Mineral Rights	12 Months Ended
	Dec. 31, 2015
Mineral Industries Disclosures [Abstract]
Mineral Rights	NOTE 2 – MINERAL RIGHTS Nevada Rae Gold On July 15, 2015, the Company sold all of its interest in Nevada Rae Gold, Inc. and the Black Rock Canyon Mine for the following consideration; $300,000, which was all used to satisfy some of the immediate accounts payable of Nevada Rae Gold, Inc.; $100,000 due to the Company on July 15, 2016, of which $54,777 was used to satisfy remaining payroll liabilities taxes; and a royalty of 4% on all Nevada Rae Gold, Inc. gold sales up to a maximum total royalty payments of $720,000. All of the payments are subject to a 10% finder’s fee which has not yet been paid. Fernley Gold On August 26, 2015, the Company let lapse all of its mining rights to the Butcher Boy claims that it leased under a lease agreement held through Fernley Gold. These claims reverted to the claim holders. Graysill Claims On August 31, 2015, the Company acquired the Graysill Mining claims for no consideration, but assumed the annual claims registration fees. These claims had been previously owned by its subsidiary company, Pacific Metals Corp. Pilot Mountain Resources Royalty On February 10, 2011, our prior subsidiary Pilot Mountain Resources Inc. (“PMR”) entered into an Option and Asset Sale Agreement with Pilot Metals Inc., a subsidiary of Black Fire Minerals of Australia, whereby Pilot Metals secured an option on the Project W Tungsten claims. Pilot Metals exercised their purchase option and subsequently transferred their interest in Project W to Thor Mining LLC. Upon the commencement of commercial mining, Pacific Gold is owed a final payment of $1,500,000, subject to a 15% share of any payments received by the Company being forwarded to Platoro West, Inc.

Sale of Nevada Rae Gold, Inc.

Sale of Nevada Rae Gold, Inc.	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Sale of Nevada Rae Gold, Inc.	NOTE 3 – SALE OF NEVADA RAE GOLD, INC. On July 15, 2015 Pacific Gold Corp sold 100% of its equity interest in Nevada Rae Gold to New Gold Recovery. In exchange for $300,000 in cash and settlement of liabilities, $100,000 due to the Company on July 15, 2016, of which $54,777 was used to satisfy remaining payroll liabilities taxes, and a royalty of 4% on all future Nevada Rae Gold, Inc. gold sales up to a maximum total royalty payments of $720,000. Sale of Nevada Rae Gold Details of Consideration Received Cash $ 24,644 Amount Receivable 45,223 Liabilities Paid at Closing 275,356 Liabilities Paid at Post Closing 54,777 Total 400,000 Net Assets, after liabilities paid at closing (9,083) Gain from Sale of Nevada Rae Gold $ 390,917

Plant and Equipment

Plant and Equipment	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Plant and Equipment	NOTE 4 – PLANT AND EQUIPMENT Plant and equipment at December 31, 2015 and 2014, consisted of the following: PLANT AND EQUIPMENT December 31, 2015 December 31, 2014 Building $ - $ 720,353 Equipment - 917,038 Accumulated Depreciation - (1,509,053) $ - $ 128,338 Depreciation expense was $49,911 and $106,173, for the years ended December 31, 2015 and 2014, respectively.

Shareholder Note Payable _ Rela

Shareholder Note Payable / Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Shareholder Note Payable / Related Party Transactions	NOTE 5 – SHAREHOLDER NOTE PAYABLE/RELATED PARTY TRANSACTIONS As of December 31, 2015, Pacific Gold owes $1,248,376 in principal and $121,269 in accrued interest to a company owned by the Chief Executive Officer. The amount due is represented by a promissory note accruing interest at 10% per year. During 2016, the note was extended to a maturity date of June 30, 2019 and is convertible into shares of common stock of Pacific Gold at $0.0001 per share. The note is presented net of $312,500 in discount. As of December 31, 2014 the balance on the note was $1,165,000 in principal and $62,164 in accrued interest. As of December 31, 2015, Pacific Gold owes a total of $952,000 in principal and $146,295 in accrued interest to a related party of our Chief Executive Officer. The amount due is represented by promissory notes accruing interest at 10% per year, was extended to a maturity date of June 30, 2019 during 2016 and is convertible into shares of common stock of Pacific Gold at $0.01 per share. As of December 31, 2014 the balance on the note was $952,000 in principal and $51,099 in accrued interest. Compensation for Robert Landau’s services as CEO is Paid to Leveljump Inc., a company that Mr. Landau controls. As of December 31, 2015, Pacific gold owes $67,013 to its CEO. Of which $36,000 for accrued and unpaid services as CEO and $31,013 for accrued business expenses that were not yet reimbursed. An officer of the Company has provided office space to the Company without charge. There is no obligation for the officer to continue this arrangement.

Promissory Notes

Promissory Notes	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Promissory Notes	NOTE 6 – PROMISSORY NOTE The note accrued interest at a rate of 10% per annum and was extended during 2016 to a maturity date of June 30, 2019. As of December 31, 2015, there was a principal balance of $265,000 and $41,088 in accrued interest and is convertible into shares of common stock of Pacific Gold at $0.01 per share.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 – INCOME TAXES Pacific Gold uses the asset/liability method, where deferred tax assets and liabilities are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and liabilities for financial and income tax reporting purposes. During 2015 and 2014, Pacific Gold incurred net losses and, therefore, had no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is $12,523,516 at December 31, 2015, and will expire in the years 2029 through 2035. Net operating loss carry forwards expire according to the following: Year of NOL NOL Expires 2015 120,479 2035 2014 1,594,406 2034 2013 399,793 2033 2012 6,477,108 2032 2011 1,494,150 2031 2010 949,914 2030 2009 1,487,666 2029 Total $ 12,523,516 At December 31, 2015, and 2014 deferred taxes (34%) consisted of the following: 2015 2014 Current Noncurrent Noncurrent Deferred tax assets Net operating losses $ - $ 4,257,995 $ 4,464,796 Valuation allowance - (4,257,995) (4,464,796) Net deferred tax asset $ - $ - - A valuation allowance is provided when it is more likely than not that some portion of the deferred tax asset will not be realized. Because of the lack of taxable earnings history, the Company has established a valuation allowance for all future deductible net operating loss carry forwards. The valuation allowance has changed by $40,963 from December 31, 2014. A reconciliation between income taxes at statutory tax rates (34%) and the actual income tax provision for continuing operations as of December 31, 2015 follows: Expected Provision based on 2015 NOL (based on 34% statutory tax rate) $ (40,963) Difference between 2014 NOL estimate and actual 206,801 Increase/(decrease) in valuation allowance (165,838) Total actual provision $ — There are no adjustments to deferred tax assets or liabilities for material uncertain tax positions on returns that have been filed or that will be filed. The Company continues to incur large net operating losses as disclosed above. Since it is not certain that these net operating loss carry forwards will ever produce a tax benefit, even if examined by taxing authorities and disallowed entirely, there would be no effect on the consolidated financial statements. The Company has filed income tax returns in the U.S. federal jurisdiction. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2015, and 2014, the Company recognized no interest and penalties. The Company had no payments of interest and penalties accrued at December 31, 2015 and 2014, respectively.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Common Stock and Preferred Stock	NOTE 8 – COMMON STOCK AND PREFERRED STOCK In the year ended December 31, 2015, 625,000,000 shares of common stock were issued in exchange for $62,500 of interest on a related party convertible promissory note. For the year ended December 31, 2014, 3,499,064,577 common shares were issued for $354,344 in principal and $9,084 in interest on the convertible notes.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2015
Leases, Operating [Abstract]
Operating Leases	NOTE 9 – OPERATING LEASES All of the Company’s operating leases were held by its former subsidiary Nevada Rae Gold, Inc. and as such the Company currently has no future operating lease commitments.

Legal Proceedings

Legal Proceedings	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	NOTE 10 – LEGAL PROCEEDINGS From time to time the Company is involved in minor trade, employment and other operational disputes, none of which have or are expected to have a material impact on the current or future consolidated financial statements or operations.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 11 – GOING CONCERN The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of December 31, 2015, the Company had an accumulated deficit of $47,675,865, negative working capital of $595,647, and negative operating cash flows from the year ended December 31, 2015 of $167,653, raising substantial doubt about its ability to continue as a going concern. During the year ended December 31, 2015, the Company financed its operations through the sale of securities, sale of its Nevada Rae Gold subsidiary and the issuance of debt. Management’s plan to address the Company’s ability to continue as a going concern includes obtaining additional funding from the sale of the Company’s securities and establishing revenues. Although management believes that it will be able to obtain the necessary funding to allow the Company to remain a going concern through the methods discussed above, there can be no assurances that such methods will prove successful. Should we be unsuccessful, the Company may need to discontinue its operations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 – SUBSEQUENT EVENTS The Company evaluated subsequent events through the date the consolidated financial statements were issued.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States ("GAAP") and are expressed in U.S. dollars. The Company's fiscal year-end is December 31.
Principle of Consolidation	Principle of Consolidation The consolidated financial statements include all of the accounts of Pacific Gold Corp.,and its wholly-owned subsidiary Fernley Gold, Inc. All significant inter-company accounts and transactions have been eliminated.
Reclassification of Accounts	Reclassification of Accounts Certain accounts in the prior period have been reclassified to conform to the current year presentation.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the consolidated financial statements are published, and (iii) the reported amount of net sales, expenses and costs recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of consolidated financial statements; accordingly, actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At December 31, 2015 and December 31, 2014 cash includes cash on hand and cash in the bank.
Revenue Recognition	Revenue Recognition Pacific Gold recognizes revenue from the sale of minerals when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collection is reasonably assured, which is determined when it places a sale order of gold from its inventory on hand with the refinery.
Property and Equipment	Property and Equipment Property and equipment are valued at cost. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 2 to 10 years.
Mineral Rights	Mineral Rights All mine-related costs, other than acquisition costs, are expensed prior to the establishment of proven or probable reserves. Reserves designated as proven and probable are supported by a final feasibility study, indicating that the reserves have had the requisite geologic, technical and economic work performed and are legally extractable at the time of reserve determination. Once proven or probable reserves are established, all development and other site-specific costs are capitalized. Capitalized development costs and production facilities are depleted using the units-of-production method based on the estimated gold which can be recovered from the ore reserves processed. Lease development costs for non-producing properties are amortized over their remaining lease term if limited. Maintenance and repairs are charged to expense as incurred. As per Industry Guide 7, there are no proven or probable reserves as of December 31, 2015.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical cost-carrying value of an asset may no longer be appropriate. Pacific Gold assesses recoverability of the carrying value of the asset by estimating the undiscounted future net cash flows, which depend on estimates of metals to be recovered from proven and probable ore reserves, and also identified resources beyond proven and probable reserves, future production costs and future metals prices over the estimated remaining mine life. If undiscounted cash flows are less than the carrying value of a property, an impairment loss is recognized based upon the estimated expected future net cash flows from the property discounted at an interest rate commensurate with the risk involved. If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value. The fair value of an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The present value of the estimated asset retirement costs is capitalized as part of the carrying amount of the long-lived asset. For Pacific Gold, asset retirement obligations primarily relate to the abandonment of ore-producing property and facilities. The Company reviews the carrying value of its interest in each group of mineral claims owned by its subsidiaries on an annual basis to determine whether impairment has incurred in the claim value. The Company evaluates the mineral claim values based on one of four criteria; cash flow projection, geological reports, asset sale and option agreements, and comparative market analysis including public market value. Where information and conditions suggest impairment, the Company writes-down these properties to the lowest estimated value based on its evaluation criteria. The estimate of gold price, mineralized materials, operating capital, and reclamation costs are subject to risks and uncertainties affecting the recoverability of investment in property and equipment. Where estimates of future net operating cash flows are not available and where other conditions suggest impairment, the Company assesses if the carrying value can be recovered from net cash flows generated by the sale of the asset or other means.
Income Taxes	Income Taxes In accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes,
Loss per Share	Loss per Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the years ended December 31, 2015 and 2014, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share.
Advertising	Advertising The Company’s policy is to expense advertising costs as incurred.
Environmental Remediation Liability	Environmental Remediation Liability At December 31, 2014, the Company had posted a bond with the State of Nevada in the amount required by the State of Nevada equal to the maximum cost to reclaim land disturbed in its mining process. The bond required a quarterly premium to be paid to the State of Nevada Division of Minerals. The Bond is no longer required as the Company has sold Nevada Rae Gold, Inc.
Convertible Debentures	Convertible Debentures Debt – Debt with Conversion and Other Options Compensation – Stock Compensation The Company accounts for modifications of its Embedded Conversion Features in accordance with ASC 470-50, Debt – Modifications and Extinguishments, , Debt – Modification and Extinguishments – Derecognition
Stock Based Compensation	Stock Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company does not expect the adoption of any other recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow.

Sale of Nevada Rae Gold, Inc. (

Sale of Nevada Rae Gold, Inc. (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Consideration Received	Sale of Nevada Rae Gold Details of Consideration Received Cash $ 24,644 Amount Receivable 45,223 Liabilities Paid at Closing 275,356 Liabilities Paid at Post Closing 54,777 Total 400,000 Net Assets, after liabilities paid at closing (9,083) Gain from Sale of Nevada Rae Gold $ 390,917

Plant and Equipment (Tables)

Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property Plant and Equipment	PLANT AND EQUIPMENT December 31, 2015 December 31, 2014 Building $ - $ 720,353 Equipment - 917,038 Accumulated Depreciation - (1,509,053) $ - $ 128,338

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Net Operating Loss Carryforwards	Year of NOL NOL Expires 2015 120,479 2035 2014 1,594,406 2034 2013 399,793 2033 2012 6,477,108 2032 2011 1,494,150 2031 2010 949,914 2030 2009 1,487,666 2029 Total $ 12,523,516
Schedule of Deferred Tax Assets	2015 2014 Current Noncurrent Noncurrent Deferred tax assets Net operating losses $ - $ 4,257,995 $ 4,464,796 Valuation allowance - (4,257,995) (4,464,796) Net deferred tax asset $ - $ - -
Schedule of Effective Income Tax Rate Reconciliation	Expected Provision based on 2015 NOL (based on 34% statutory tax rate) $ (40,963) Difference between 2014 NOL estimate and actual 206,801 Increase/(decrease) in valuation allowance (165,838) Total actual provision $ —

Summary of Significant Accoun23

Summary of Significant Accounting Policies and Basis of Presentation (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property Plant and Equipment
Property Plant and Equipment Estimated Useful Lives	2 to 10 years
Earnings Per Share
Potentially dilutive common stock	18,203,179,400	28,388,473,000
Marketing and Advertising Expense
Advertising Expenses	$ 114	$ 1,578

Mineral Rights (Details Narrati

Mineral Rights (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2011
Proceeds from sale of subsidiary	$ 24,644	$ 126,000
Nevada Rae Gold, Inc.
Proceeds from sale of subsidiary	$ 300,000
Proceeds from sale of subsidiary, description	The Company sold all of its interest in Nevada Rae Gold, Inc. and the Black Rock Canyon Mine for the following consideration; $300,000, which was all used to satisfy some of the immediate accounts payable of Nevada Rae Gold, Inc.; $100,000 due to the Company on July 15, 2016, of which $54,777 was used to satisfy remaining payroll liabilities taxes; and a royalty of 4% on all Nevada Rae Gold, Inc. gold sales up to a maximum total royalty payments of $720,000. All of the payments are subject to a 10% finder's fee which has not yet been paid.
Pilot Mountain Resources Inc,
Option and asset sale agreement, gain contingency description			On February 10, 2011, our prior subsidiary Pilot Mountain Resources Inc. entered into an Option and Asset Sale Agreement with Pilot Metals Inc., a subsidiary of Black Fire Minerals of Australia, whereby Pilot Metals secured an option on the Project W Tungsten claims. Pilot Metals exercised their purchase option and subsequently transferred their interest in Project W to Thor Mining LLC. Upon the commencement of commercial mining, Pacific Gold is owed a final payment of $1,500,000, subject to a 15% share of any payments received by the Company being forwarded to Platoro West, Inc.
Option and asset sale agreement, gain contingency amount			$ 1,500,000

Sale of Nevada Rae Gold, Inc. -

Sale of Nevada Rae Gold, Inc. - Schedule of Consideration Received (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain from Sale of Nevada Rae Gold	$ 390,917	$ 129,918
Nevada Rae Gold, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	24,644
Amount Receivable	45,223
Liabilities Paid at Closing	275,356
Liabilities Paid at Post Closing	54,777
Total consideration received	400,000
Net Assets, after liabilities paid at closing	(9,083)
Gain from Sale of Nevada Rae Gold	$ 390,917

Sale of Nevada Rae Gold, Inc.26

Sale of Nevada Rae Gold, Inc. (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Proceeds from sale of subsidiary	$ 24,644	$ 126,000
Nevada Rae Gold, Inc.
Proceeds from sale of subsidiary	$ 300,000
Proceeds from sale of subsidiary, description	The Company sold all of its interest in Nevada Rae Gold, Inc. and the Black Rock Canyon Mine for the following consideration; $300,000, which was all used to satisfy some of the immediate accounts payable of Nevada Rae Gold, Inc.; $100,000 due to the Company on July 15, 2016, of which $54,777 was used to satisfy remaining payroll liabilities taxes; and a royalty of 4% on all Nevada Rae Gold, Inc. gold sales up to a maximum total royalty payments of $720,000. All of the payments are subject to a 10% finder's fee which has not yet been paid.

Plant and Equipment (Details)

Plant and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 0	$ 128,338
Accumulated Depreciation	0	(1,509,053)
Total Plant and Equipment, net	0	128,338
Building
Property, Plant and Equipment [Line Items]
Property plant and equipment	0	720,355
Equipment
Property, Plant and Equipment [Line Items]
Property plant and equipment	$ 0	$ 917,038

Plant and Equipment (Details Na

Plant and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 49,911	$ 106,173

Shareholder Note Payable _ Re29

Shareholder Note Payable / Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Chief Executive Officer
Related party, debt		$ 67,013
Related Party to CEO
Related party, debt		952,000	$ 952,000
Related party, accrued interest		$ 146,295	51,099
Related party, promissory note, interest rate		10.00%
Related party, promissory note, due date		Jun. 30, 2016
Related Party to CEO | Subsequent Event
Related party, promissory note, due date	Jun. 30, 2019
Related party, promissory note, conversion rate to shares common stock	$ 0.01
Affiliated Company Owned by CEO
Related party, debt		$ 1,248,376	1,165,000
Related party, accrued interest		$ 121,269	$ 62,164
Related party, promissory note, interest rate		10.00%
Related party, promissory note, due date		Jun. 30, 2016
Related party, discount		$ 312,500
Affiliated Company Owned by CEO | Subsequent Event
Related party, promissory note, due date	Jun. 30, 2019
Related party, promissory note, conversion rate to shares common stock	$ 0.0001

Promissory Notes (Details Narra

Promissory Notes (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Disclosure [Abstract]
Note payable, balance	$ 265,000
Note payable, accrued interest	$ 41,088
Note payable, interest rate	10.00%
Note payable, due date	Jun. 30, 2019

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss Carryforwards (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 12,523,516
Tax Year 2009
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 1,487,666
Net operating loss carryforwards, expiration	Dec. 31, 2029
Tax Year 2010
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 949,914
Net operating loss carryforwards, expiration	Dec. 31, 2030
Tax Year 2011
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 1,494,150
Net operating loss carryforwards, expiration	Dec. 31, 2031
Tax Year 2012
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 6,477,108
Net operating loss carryforwards, expiration	Dec. 31, 2032
Tax Year 2013
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 399,793
Net operating loss carryforwards, expiration	Dec. 31, 2033
Tax Year 2014
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 1,594,406
Net operating loss carryforwards, expiration	Dec. 31, 2034
Tax Year 2015
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 120,479
Net operating loss carryforwards, expiration	Dec. 31, 2035

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Deferred tax asset, net operating losses	$ 4,257,995	$ 4,464,796
Valuation allowance	(4,257,995)	(4,464,796)
Net deferred tax asset	$ 0	$ 0

Income Taxes - Tax Provision Re

Income Taxes - Tax Provision Reconciliation (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax Disclosure [Abstract]
Expected Provision based on 2015 NOL (based on 34% statutory rate)	$ (40,963)
Difference between 2014 NOL estimate and actual	206,801
Increase/(decrease) in valuation allowance	(165,838)
Total actual provision	$ 0
Statutory tax rate	34.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Net operating loss carryforwards	$ 12,523,516
Increase/(decrease) in valuation allowance	$ 40,963
Expiration Period | Minimum
Operating loss carryforwards, expiration	Dec. 31, 2029
Expiration Period | Maximum
Operating loss carryforwards, expiration	Dec. 31, 2035

Common Stock and Preferred St35

Common Stock and Preferred Stock (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Conversion of Notes Payable, value		$ 2,381,458
Conversion of Convertible Notes
Conversion of Notes Payable, value	$ 62,500	$ 363,428
Conversion of Notes Payable, shares	625,000,000	3,499,064,577

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated Deficit	$ (47,675,865)	$ (46,774,400)
Negative working capital	595,647
Net cash used in operating activities	$ (167,653)	$ (681,499)