Rhino Biotech Limited (RBRXF) 20-F 29 Apr 15 2014 FY Annual report (foreign) Financial data

Document_and_Entity_Informatio

Document and Entity Information	12 Months Ended
	Dec. 31, 2014
Document And Entity Information
Entity Registrant Name	EURASIA ENERGY LTD
Entity Central Index Key	1278465
Document Type	20-F
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	34,548,368
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets
Cash	$74,634	$107,190
Prepaid expenses	875	875
Total current assets	75,509	108,065
Current liabilities
Accounts payable and accrued expenses	3,550	3,400
Total current liabilities	3,550	3,400
Stockholders' equity (Note 6)
Common stock, par value $0.001, authorized 100,000,000 shares; issued and outstanding shares (December 31, 2014: 34,548,368; December 31, 2013: 34,548,368)	34,548	34,548
Additional paid-in capital	7,104,130	7,104,130
Accumulated deficit	-9,066	-9,066
Deficit accumulated during the exploration stage	-7,057,653	-7,024,947
Total stockholders' equity	71,959	104,665
Total liabilities and stockholders' equity	$75,509	$108,065

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Balance Sheets Parenthetical
Common stock par value	$0.00	$0.00
Common stock authorized shares	100,000,000	100,000,000
Common stock issued shares	34,548,368	34,548,368
Common stock outstanding shares	34,548,368	34,548,368

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended			109 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Statements Of Operations
Revenue
Expenses
Consulting Fees			16,580	302,757
Data acquisition cost				19,300
Director and management fees - related party			15,000	879,583
General and administrative	22,608	25,615	26,928	700,107
General and administrative - related party (Note 7)	9,455	8,416	11,296	115,262
General and administrative - stock-based compensation			7,650	4,325,999
Litigation expenses				711,444
Travel	643	3,731	27,177	331,205
Total Expenses	32,706	37,762	104,631	7,385,657
Operating Loss	-32,706	-37,762	-104,631	-7,385,657
Other income			5,000	275,000
Interest income				53,004
Net loss	($32,706)	($37,762)	($99,631)	($7,057,653)
Net loss per common share (Note 5) - basic and fully diluted	$0	$0	$0
Weighted average number of common (Note 5) shares outstanding - basic and fully diluted	34,548,368	34,548,368	32,010,663

STATEMENTS_OF_STOCKHOLDERS_EQU

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Deficit Accumulated During the Exploration Stage	Total
Beginning Balance, Amount at Nov. 28, 2005	$20,065	$204,326	($9,066)		$215,325
Beginning Balance, Shares at Nov. 28, 2005	20,065,135
Net loss				-13,598	-13,598
Ending Balance, Amount at Dec. 31, 2005	20,065	204,326	-9,066	-13,598	201,727
Beginning Balance, Shares at Dec. 31, 2005	20,065,135
Issuance of common stock and warrants, February 2006, Amount	250	749,750			750,000
Issuance of common stock and warrants, February 2006, Shares	250,000
Stock-based compensation expense		3,675,633			3,675,633
Net loss				-4,099,012	-4,099,012
Ending Balance, Amount at Dec. 31, 2006	20,315	4,629,709	-9,066	-4,112,610	528,348
Ending Balance, Shares at Dec. 31, 2006	20,315,135
Stock-based compensation expense		472,009			472,009
Common stock issued for cash, August 2007, Amount	4,000	596,000			600,000
Common stock issued for cash, August 2007, Shares	4,000,000
Warrants issued with common stock		400,000			400,000
Net loss				-1,372,674	-1,372,674
Ending Balance, Amount at Dec. 31, 2007	24,315	6,097,718	-9,066	-5,485,284	627,683
Ending Balance, Shares at Dec. 31, 2007	24,315,135
Stock-based compensation expense		98,869			98,869
Cancellation of shares by exercise of dissent rights, Amount		-45			-45
Cancellation of shares by exercise of dissent rights, Shares	-100
Net loss				-496,794	-496,794
Ending Balance, Amount at Dec. 31, 2008	24,315	6,196,542	-9,066	-5,982,078	229,713
Ending Balance, Shares at Dec. 31, 2008	24,315,035
Stock-based compensation expense		42,075			42,075
Net loss				-516,827	-516,827
Ending Balance, Amount at Dec. 31, 2009	24,315	6,238,617	-9,066	-6,498,905	-245,039
Ending Balance, Shares at Dec. 31, 2009	24,315,035
Stock-based compensation expense		19,800			19,800
Issuance of shares for debt settlement, Amount	1,633	406,700			408,333
Issuance of shares for debt settlement, Shares	1,633,333
Net loss				137,720	137,720
Ending Balance, Amount at Dec. 31, 2010	25,948	6,665,117	-9,066	-6,361,185	320,814
Ending Balance, Shares at Dec. 31, 2010	25,948,368
Stock-based compensation expense		9,963			9,963
Net loss				-526,369	-526,369
Ending Balance, Amount at Dec. 31, 2011	25,948	6,675,080	-9,066	-6,887,554	-195,592
Ending Balance, Shares at Dec. 31, 2011	25,948,368
Stock-based compensation expense		7,650			7,650
Issuance of shares for debt settlement, Amount	8,600	421,400			430,000
Issuance of shares for debt settlement, Shares	8,600,000
Net loss				-99,631	-99,631
Ending Balance, Amount at Dec. 31, 2012	34,548	7,104,130	-9,066	-6,987,185	142,427
Ending Balance, Shares at Dec. 31, 2012	34,548,368
Net loss				-37,762	-37,762
Ending Balance, Amount at Dec. 31, 2013	34,548	7,104,130	-9,066	-7,024,947	104,665
Ending Balance, Shares at Dec. 31, 2013	34,548,368
Net loss				-32,706	-32,706
Ending Balance, Amount at Dec. 31, 2014	$34,548	$7,104,130	($9,066)	($7,057,653)	$71,959
Ending Balance, Shares at Dec. 31, 2014	34,548,368

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended			109 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Cash flows used in operating activities
Net loss	($32,706)	($37,762)	($99,631)	($7,057,653)
Adjustments to reconcile net income (loss) to net cash flows from operating activities
General and administrative - stock-based compensation			7,650	4,325,999
Gain on disposal of vehicle			-5,000	-5,000
Depreciation				76,540
Change in operating assets and liabilities
Accounts receivable, related party				5,000
Prepaid expenses			15,281	-875
Accounts payable and accrued expenses	150	100	-1,111	2,950
Accounts payable and accrued expenses - related party		-3,846	-1,930	838,333
Net cash provided by (used in) operating activities	-32,556	-41,508	-84,741	-1,814,706
Cash flows provided by (used in) investing activities
Proceeds on disposal of vehicle			5,000	5,000
Fixed assets addition				-76,540
Cash provided by (used in) investing activities			5,000	-71,540
Cash flows from financing activities
Proceeds from issuance of common stock and warrants				1,749,955
Cash provided by financing activities				1,749,955
Increase (decrease) in cash	-32,556	-41,508	-79,741	-136,291
Cash, beginning of period	107,190	148,698	228,439	210,925
Cash, end of period	74,634	107,190	148,698	74,634
Stock issued for accounts payable and debt settlement			$430,000	$838,333

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization
Note 1. Organization	Eurasia Energy Limited ("the Company") is currently inactive. The Company's principal business is to explore investment and/or involvement opportunities in both the resource and non-resource sectors and is currently evaluating suitable targets. To date, the Company has not generated revenues from operations.

Going_Concern_Uncertainties

Going Concern Uncertainties	12 Months Ended
	Dec. 31, 2014
Going Concern Uncertainties
Note 2. Going Concern Uncertainties	The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern. However, the Company has limited operations and has sustained operating losses in recent years resulting in an accumulated deficit. In view of these matters, realization of a major portion of the assets in the accompanying balance sheets is dependent upon the continued operations of the Company, which in turn is dependent upon the Company's ability to meet its financing requirements, and the success of its future operations.
	The Company has incurred losses from operations and has an accumulated deficit of $7,057,653 from the effective date of the exploration stage (November 28, 2005) to December 31, 2014. The Company's ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
	The Company believes that the cash on hand will be able to meet its on-going costs in the next 12 months. The Company may seek additional equity as necessary and it expects to raise funds through private or public equity investment in order to support existing operations and expand the range of its business. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all.

Significant_Accounting_Policie

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies
Note 3. Significant Accounting Policies	(a)  Principles of Accounting
	These financial statements are stated in U.S. Dollars and have been prepared in accordance with accounting principles generally accepted in the United States.
	(b)  Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates.
	(c)  Cash
	The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company occasionally has cash deposits in excess of insured limits.
	(d)  Income Taxes
	Deferred income tax assets and liabilities are computed for differences between the financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred income tax assets to the amount expected to be realized.
	A tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. The amount recognized is the largest benefit that the Company believes has a greater than 50% likelihood of being realized upon settlement.
	The Company reports a liability, if any, for unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties, if any, are recorded as a component of income taxes. No liability has been recorded for uncertain tax positions, or related interest or penalties.
	(e)  Earnings (Loss) Per Share
	Basic earnings (loss) per share is computed by dividing income/loss (numerator) applicable to common stockholders by the weighted average number of common shares outstanding (denominator) for the period. Diluted earnings or loss per share is computed by dividing income (numerator) applicable to common stockholders by the weighted average number of common shares outstanding (denominator) and dilutive common stock equivalents for the period.
	(f)  Stock-Based Compensation
	The Company accounts for stock based compensation for all stock-based awards at fair value on the date of grant and recognizes compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes valuation model with the assumptions disclosed in the notes to financial statements.
	(g)  Foreign Currency Translation
	The Company maintains a U.S. Dollar bank account at a financial institution in Canada. Foreign currency transactions are translated into their functional currency, which is the U.S. Dollar, in the following manner:
	At the transaction date, each asset, liability, revenue and expense is translated into the functional currency by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are translated into U.S. Dollars by using the exchange rate in effect at that date. Transaction gains and losses that arise from exchange rate fluctuations are included in the results of operations.
	(h)  Fair Value of Financial Instruments
	The determination of fair value of financial instruments is made at a specific point in time, based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair values. The carrying value of cash, accounts payable and accrued expenses approximates their fair value because of the short-term nature of these instruments. The Company places its cash with high credit quality financial institutions.
	(i)  Related Party Transactions
	A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2014
Recent Accounting Pronouncements
Note 4. Recent Accounting Pronouncements	(a)  Recent accounting pronouncements adopted during the period:
	(i)  Foreign currency
	On January 1, 2014, the Company adopted Accounting Standards Update (“ASU”) 2013-05, "Foreign Currency Matters (Topic 830); Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." This guidance applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. Adoption of the accounting standard did not have any material impact on the financial statements.
	(ii)  Unrecognized tax benefits
	On January 1, 2014, the Company adopted ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”, which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss (“NOL”) carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 requires entities to present an unrecognized tax benefit as a reduction of a deferred tax asset for a NOL or tax credit carryforward whenever the NOL or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. This accounting standard update requires entities to assess whether to net the unrecognized tax benefit with a deferred tax asset as of the reporting date. Adoption of the accounting standard did not have any material impact on the financial statements.
	(iii)  Liquidation Basis of Accounting
	On January 1, 2014, the Company adopted ASU 2013-07, entitled “Liquidation Basis of Accounting”. With ASU 2013-07, the FASB amends the guidance in the FASB Accounting Standards Codification Topic 205, entitled “Presentation of Financial Statements”. The amendments serve to clarify when and how reporting entities should apply the liquidation basis of accounting. The guidance is applicable to all reporting entities, whether they are public or private companies or not-for-profit entities. The guidance also provides principles for the recognition of assets and liabilities and disclosures, as well as related financial statement presentation requirements. Reporting entities are required to apply the requirements in ASU 2013-07 prospectively from the day that liquidation becomes imminent. The adoption of ASU 2013-07 did not have a material effect on the Company’s operating results or financial position.
	(b)  Recent accounting pronouncements not yet adopted:
	(i)  Revenue from Contracts with Customers
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. ASU 2014-09 is effective for public entities for annual reporting periods beginning after December 15, 2016 and interim periods within those periods. Early adoption is not permitted. The FASB has approved a one-year deferral of the effective date with the option to early adopt using the original effective date. Entities may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. The Company is currently assessing the impact that adopting this new accounting guidance will have on its financial statements and footnote disclosures.
	(ii)  Development Stage Entities
	In June 2014, the FASB issued ASU No. 2014-10, "Development Stage Entities", which intends to remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the update eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. ASU No. 2014-10 is effective for fiscal years and interim periods beginning after December 15, 2014, with early adoption permissible. The adoption of this update is expected to have a material impact on the presentation of the Company's financial statements in the period of adoption in that the Company will no longer be required to present inception-to-date information on the statements of operations, cash flows and changes in capital deficit.
	Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption.

Earnings_Loss_per_Share

Earnings (Loss) per Share	12 Months Ended
	Dec. 31, 2014
Earnings Loss Per Share
Note 5. Earnings (Loss) per Share	Basic earnings or loss per share is based on the weighted average number of shares outstanding during the period of the financial statements. Diluted earnings or loss per share are based on the weighted average number of common shares outstanding and dilutive common stock equivalents. All per share and per share information are adjusted retroactively to reflect stock splits and changes in par value, when applicable.
	For the years ended December 31, 2014 and 2013, all loss per share amounts in the financial statements are basic loss per share. 5,050,000 (2013: 5,050,000) dilutive stock options for the year ended December 31, 2014 are not included in the computation of diluted loss per share because to do so would be anti-dilutive.
	The computation of basic and diluted earnings (loss) per share as follows for years ended December 31, 2014, 2013 and 2012:
		Year ended December 31,
		2014			2013			2012
	Numerator - net loss available to common stockholders	$	(32,706	)	$	(37,762	)	$	(99,631	)
	Denominator - weighted average number of common shares outstanding		34,548,368			34,548,368			32,010,663
	Dilutive common stock equivalents - stock options		-			-			-
	Denominator - weighted average number of fully diluted common shares outstanding		34,548,368			34,548,368			32,010,663
	Basic loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)
	Diluted earnings (loss) per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)

Common_Stock_Warrants_and_Opti

Common Stock, Warrants and Options

12 Months Ended

Dec. 31, 2014

Common Stock Warrants And Options

Note 6. Common Stock, Warrants and Options

(a)  Common Stock

No common stock was issued during the years ended December 31, 2014 and 2013.

(b)  Warrants

The Company did not have any outstanding share purchase warrants at December 31, 2014 and December 31, 2013.

During the years ended December 31, 2014 and 2013, the Company did not have any share purchase warrants issued, cancelled or exercised.

(c)  Options

The Company allots 2,000,000 common shares for issuance under the 2007 Stock Option Plan. The stock options granted to any one optionee may not exceed 1,000,000 shares.

On June 1, 2011, the Board of Directors adopted the 2011 Stock Option Plan (the “2011 Plan”) which allocates 3,000,000 common shares for issuance under the 2011 Plan.

On June 1, 2011, the Company granted 2,500,000 stock options under its 2011 Plan to directors, officers, employees and consultants with an exercise price of $0.05 each, expiring on June 1, 2016. The options vested immediately. The fair value of the 2,500,000 options granted was estimated at $0.0025 each, for a total of amount of $6,250, by using the Black-Scholes Option Pricing Model with the following weighted average assumptions: dividend yield of 0%, expected volatility of 666.60%, risk-free interest rates of 1.60%, and expected lives of 5.0 years.

On April 2, 2012, the Board of Directors adopted the 2012 Stock Option Plan (the “2012 Plan”) which allocates 3,000,000 common shares for issuance under the 2012 Plan.

On April 2, 2012, the Company granted 500,000 stock options under its 2011 Plan and 2,050,000 stock options under its 2012 Plan to directors, officers, employees and consultants with an exercise price of $0.05 each, expiring on April 2, 2017. The options vested immediately. The fair value of the 2,550,000 options granted was estimated at $0.0030 each, for a total of amount of $7,650, by using the Black-Scholes Option Pricing Model with the following weighted average assumptions: dividend yield of 0%, expected volatility of 294.13%, risk-free interest rates of 1.03%, and expected lives of 5.0 years.

The movement of options is summarized as follows:

Weighted

average

Number of options

exercise price

Balance, December 31, 2012, 2013 and 2014

5,050,000

$

0.05

During the years ended December 31, 2014, 2013 and 2012, the Company did not have any stock options issued, cancelled, or exercised.

The following table summarizes information about stock options outstanding at December 31, 2014 and December 31, 2013:

Number

Weighted

Number

Weighted

outstanding

average

exercisable

average

at

remaining

at

Average

exercise

December 31,

contractual

December 31,

intrinsic

price

2014

life (years)

2014

value

$

0.05

5,050,000

1.88

5,050,000

$

-

5,050,000

1.88

5,050,000

Number

Weighted

Number

Weighted

outstanding

average

exercisable

average

at

remaining

at

Average

exercise

December 31,

contractual

December 31,

intrinsic

price

2013

life (years)

2013

value

$

0.05

5,050,000

2.88

5,050,000

$

-

5,050,000

2.88

5,050,000

The aggregate intrinsic value in the table above represents the total pretax intrinsic value for all “in-the-money” options (i.e. the difference between the Company’s closing stock price on the last trading day of the year ended December 31, 2014 and the exercise price, multiplied by the number of shares) that would have been received by the option holders had all option holders exercised their options on December 31, 2014. Total intrinsic value of options exercised was $nil (December 31, 2013: $nil) for the year ended December 31, 2014.

All the stock options were vested during the years ended December 31, 2014 and 2013.

The Company does not repurchase shares to fulfill the requirements of options that are exercised. Further, the Company issues new shares when options are exercised.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions
Note 7. Related Party Transactions	During the year ended December 31, 2014, the Company paid corporate and administrative service charges of $9,455 (2013: $8,416) to a law firm of which a director of the Company is the owner.

Income_Tax

Income Tax	12 Months Ended
	Dec. 31, 2014
Income Tax
Note 8. Income Tax	The Company was liable for taxes in United States until it completed its continuation from the State of Nevada, U.S.A. to Anguilla, British West Indies since December 31, 2007. There is no income tax imposed on companies by the government of Anguilla, British West Indies.
	For the years ended December 31, 2014, 2013 and 2012, the Company did not have any income for tax purposes and therefore, no tax liability or expense has been recorded in these financial statements.
	For U.S. tax reporting purpose, the Company has available net operating loss carryforwards of approximately $1,342,000 for tax purposes to offset future taxable income which expires commencing 2025 through the year 2027. Pursuant to the Tax Reform Act of 1986, annual utilization of the Company’s net operating loss carryforwards may be limited if a cumulative change in ownership of more than 50% is deemed to occur within any three-year period.
	The deferred tax asset associated with the tax loss carryforwards is approximately $450,000 at December 31, 2014 and 2013. The Company has provided a full valuation allowance against the deferred tax asset.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Significant Accounting Policies Policies
Principles of Accounting	These financial statements are stated in U.S. Dollars and have been prepared in accordance with accounting principles generally accepted in the United States.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates.
Cash	The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company occasionally has cash deposits in excess of insured limits.
Income Taxes	Deferred income tax assets and liabilities are computed for differences between the financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred income tax assets to the amount expected to be realized.
	A tax position is a position in a previously filed tax return or a position expected to be taken in a future tax filing that is reflected in measuring current or deferred income tax assets and liabilities. Tax positions are recognized only when it is more likely than not (likelihood of greater than 50%), based on technical merits, that the position would be sustained upon examination by taxing authorities. The amount recognized is the largest benefit that the Company believes has a greater than 50% likelihood of being realized upon settlement.
	The Company reports a liability, if any, for unrecognized tax benefits resulting from uncertain income tax positions taken or expected to be taken in an income tax return. Estimated interest and penalties, if any, are recorded as a component of income taxes. No liability has been recorded for uncertain tax positions, or related interest or penalties.
Earnings (Loss) Per Share	Basic earnings (loss) per share is computed by dividing income/loss (numerator) applicable to common stockholders by the weighted average number of common shares outstanding (denominator) for the period. Diluted earnings or loss per share is computed by dividing income (numerator) applicable to common stockholders by the weighted average number of common shares outstanding (denominator) and dilutive common stock equivalents for the period.
Stock-Based Compensation	The Company accounts for stock based compensation for all stock-based awards at fair value on the date of grant and recognizes compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes valuation model with the assumptions disclosed in the notes to financial statements.
Foreign Currency Translation	The Company maintains a U.S. Dollar bank account at a financial institution in Canada. Foreign currency transactions are translated into their functional currency, which is the U.S. Dollar, in the following manner:
	At the transaction date, each asset, liability, revenue and expense is translated into the functional currency by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are translated into U.S. Dollars by using the exchange rate in effect at that date. Transaction gains and losses that arise from exchange rate fluctuations are included in the results of operations.
Fair Value of Financial Instruments	The determination of fair value of financial instruments is made at a specific point in time, based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair values. The carrying value of cash, accounts payable and accrued expenses approximates their fair value because of the short-term nature of these instruments. The Company places its cash with high credit quality financial institutions.
Related Party Transactions	A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.
Recent Accounting Pronouncements	(a)  Recent accounting pronouncements adopted during the period:
	(i)  Foreign currency
	On January 1, 2014, the Company adopted Accounting Standards Update (“ASU”) 2013-05, "Foreign Currency Matters (Topic 830); Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." This guidance applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. Adoption of the accounting standard did not have any material impact on the financial statements.
	(ii)  Unrecognized tax benefits
	On January 1, 2014, the Company adopted ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”, which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss (“NOL”) carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 requires entities to present an unrecognized tax benefit as a reduction of a deferred tax asset for a NOL or tax credit carryforward whenever the NOL or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. This accounting standard update requires entities to assess whether to net the unrecognized tax benefit with a deferred tax asset as of the reporting date. Adoption of the accounting standard did not have any material impact on the financial statements.
	(iii)  Liquidation Basis of Accounting
	On January 1, 2014, the Company adopted ASU 2013-07, entitled “Liquidation Basis of Accounting”. With ASU 2013-07, the FASB amends the guidance in the FASB Accounting Standards Codification Topic 205, entitled “Presentation of Financial Statements”. The amendments serve to clarify when and how reporting entities should apply the liquidation basis of accounting. The guidance is applicable to all reporting entities, whether they are public or private companies or not-for-profit entities. The guidance also provides principles for the recognition of assets and liabilities and disclosures, as well as related financial statement presentation requirements. Reporting entities are required to apply the requirements in ASU 2013-07 prospectively from the day that liquidation becomes imminent. The adoption of ASU 2013-07 did not have a material effect on the Company’s operating results or financial position.
	(b)  Recent accounting pronouncements not yet adopted:
	(i)  Revenue from Contracts with Customers
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”. ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. ASU 2014-09 is effective for public entities for annual reporting periods beginning after December 15, 2016 and interim periods within those periods. Early adoption is not permitted. The FASB has approved a one-year deferral of the effective date with the option to early adopt using the original effective date. Entities may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. The Company is currently assessing the impact that adopting this new accounting guidance will have on its financial statements and footnote disclosures.
	(ii)  Development Stage Entities
	In June 2014, the FASB issued ASU No. 2014-10, "Development Stage Entities", which intends to remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the update eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. ASU No. 2014-10 is effective for fiscal years and interim periods beginning after December 15, 2014, with early adoption permissible. The adoption of this update is expected to have a material impact on the presentation of the Company's financial statements in the period of adoption in that the Company will no longer be required to present inception-to-date information on the statements of operations, cash flows and changes in capital deficit.
	Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption.

Earnings_Loss_per_Share_Tables

Earnings (Loss) per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Loss Per Share Tables
Computation of basic and diluted earnings (loss) per share		Year ended December 31,
		2014			2013			2012
	Numerator - net loss available to common stockholders	$	(32,706	)	$	(37,762	)	$	(99,631	)
	Denominator - weighted average number of common shares outstanding		34,548,368			34,548,368			32,010,663
	Dilutive common stock equivalents - stock options		-			-			-
	Denominator - weighted average number of fully diluted common shares outstanding		34,548,368			34,548,368			32,010,663
	Basic loss per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)
	Diluted earnings (loss) per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)

Common_Stock_Warrants_and_Opti1

Common Stock, Warrants and Options (Tables)

12 Months Ended

Dec. 31, 2014

Common Stock Warrants And Options Tables

Movement of options

Weighted

average

Number of options

exercise price

Balance, December 31, 2012, 2013 and 2014

5,050,000

$

0.05

Summary information about stock options outstanding

Number

Weighted

Number

Weighted

outstanding

average

exercisable

average

at

remaining

at

Average

exercise

December 31,

contractual

December 31,

intrinsic

price

2014

life (years)

2014

value

$

0.05

5,050,000

1.88

5,050,000

$

-

5,050,000

1.88

5,050,000

Number

Weighted

Number

Weighted

outstanding

average

exercisable

average

at

remaining

at

Average

exercise

December 31,

contractual

December 31,

intrinsic

price

2013

life (years)

2013

value

$

0.05

5,050,000

2.88

5,050,000

$

-

5,050,000

2.88

5,050,000

Going_Concern_Uncertainties_De

Going Concern Uncertainties (Details Narrative) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Going Concern Uncertainties Details Narrative
Accumulated deficit	$7,057,653	$7,024,947

Earnings_Loss_per_Share_Detail

Earnings (Loss) per Share (Details) (USD $)	1 Months Ended	12 Months Ended									109 Months Ended
	Dec. 31, 2005	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2007	Dec. 31, 2006	Dec. 31, 2014
Earnings Loss Per Share
Numerator - net loss available to common stockholders	($13,598)	($32,706)	($37,762)	($99,631)	($526,369)	$137,720	($516,827)	($496,794)	($1,372,674)	($4,099,012)	($7,057,653)
Denominator - weighted average number of common shares outstanding		34,548,368	34,548,368	32,010,663
Dilutive common stock equivalents - stock options
Denominator - weighted average number of fully diluted common shares outstanding		34,548,368	34,548,368	32,010,663
Basic loss per common share		$0	$0	$0
Diluted earnings (loss) per common share		$0	$0	$0

Earnings_Loss_per_Share_Detail1

Earnings (Loss) per Share (Details Narrative)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Earnings Loss Per Share
Dilutive stock options	5,050,000	5,050,000

Common_Stock_Warrants_and_Opti2

Common Stock, Warrants and Options (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Common Stock Warrants And Options
Number of options	5,050,000	5,050,000	5,050,000
Weighted average exercise price	$0.05	$0.05	$0.05

Common_Stock_Warrants_and_Opti3

Common Stock, Warrants and Options (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Number Outstanding	5,050,000	5,050,000	5,050,000
Weighted average remaining contractual life (years)	1 year 10 months 17 days	2 years 10 months 17 days
Number Exercisable	5,050,000	5,050,000
Average instrinsic value
Weighted Average Exercise price 0.05 [Member]
Number Outstanding	5,050,000	5,050,000
Weighted average remaining contractual life (years)	1 year 10 months 17 days	2 years 10 months 17 days
Number Exercisable	5,050,000	5,050,000
Average instrinsic value

Common_Stock_Warrants_and_Opti4

Common Stock, Warrants and Options (Details Narrative) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Common Stock Warrants And Options Details Narrative
Intrinsic value of options exercised	$0	$0

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions Details Narrative
Corporate and administrative service charges	$9,455	$8,416

Income_Tax_Details_Narrative

Income Tax (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax
Net operating loss carryforwards	$1,342,000
Net operating loss carryforwards expiration dates	Expires commencing 2025 through the year 2027.
Deferred tax asset tax loss carryforwards	$450,000	$450,000