Cannabis Strategic Ventures (NUGS) 10-K 17 Feb 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	CASCADE ENERGY, INC.
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1290504
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding	159,321,890
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Public Float		$0

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current Assets
Cash	$1,223	$4,344
Trade accounts receivable		7,746
Inventory		1,665
Other receivable	1,600	7,250
Total Current Assets	2,823	21,005
TOTAL ASSETS	2,823	21,005
Current Liabilities
Accounts payable and accrued liabilities	19,813	19,543
Other payables		980
Taxes payable		482
Total Current Liabilities	19,813	21,005
Long-Term Liabilities
Convertible promissory note	39,000	178,000
Total Long-Term Liabilities	39,000	178,000
TOTAL LIABILITIES	58,813	199,005
STOCKHOLDERS' EQUITY
Additional paid-in capital	4,569,225	4,459,024
Common stock value	159,322	159,322
Preferred stock value	1,000	1,000
Retained earnings	-4,797,346	-4,846,552
Net income	11,810	49,206
Total Stockholders' Equity	-55,989	-178,000
TOTAL LIABILITIES AND STOCKHOLDERS' Equity	$2,823	$21,005

Balance_Sheets_parenthetical

Balance Sheets (parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Balance Sheet
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	988,000,000	988,000,000
Common stock, shares outstanding	159,321,890	159,321,890

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Statement
Sales		$78,142	$149,560	$372,107
Cost of sales		62,580	122,349	298,000
Gross profit		15,562	27,211	74,107
Operating Expenses
Administrative	2,500	613	6,199	17,921
Dues and licenses	766		2,366
Office supplies	114		114
Professional fees	1,400		2,060
Selling expense		416	813	6,980
Transfer agent	1,850		3,850
Total expenses	6,629	1,029	15,401	24,901
Net oridnary income	-6,629	14,533	11,810	49,206
Net income (loss)	($6,629)	$14,533	$11,810	$49,206

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$11,810	$49,206
Adjustments to reconcile net loss to net cash used by operating activities:
(Increase) decrease in trade receivables	7,746	-4,758
(Increase) decrease in inventory	1,665	-1,235
(Increase) decrease in other receivables	5,650	3,230
(Increase) decrease in prepaid account		118
Increase (decrease) in accounts payable and accrued liabilities	270	-8,297
Increase (decrease) in other payables	-980	-74
Increase (decrease) in taxes payables	-482	-97
Net cash provided by (used in) operating activities	25,678	38,093
CASH FLOWS USED IN INVESTING ACTIVITIES
Fixed asset - NBV		11,598
Net cash provided by (used in) investing activities		11,598
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible promissory note	-139,000	20,000
Additional paid-in capital	110,201	-69,206
Net cash provided by (used in) financing activities	-28,799	-49,206
Net increase (decrease) in cash	-3,121	485
Cash, beginning of period	4,344	3,859
Cash, end of period	$1,223	$4,344

Nature_and_Continuance_of_Oper

Nature and Continuance of Operations	12 Months Ended
	Dec. 31, 2014
Notes
Nature and Continuance of Operations	Note 1  Nature and Continuance of Operations
	At December 31, 2014, the Company had a working capital deficit of $16,989 ($0.00 in 2013) and has incurred losses since inception totalling $4,797,346 and has yet to achieve profitable operations. The Company’s ability to continue as a going concern is dependent on raising additional capital to fund future operations and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. These financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. The Company was incorporated on December 23, 2003 in the State of Nevada and has adopted December 31 as its fiscal year end.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Summary of Significant Accounting Policies	Note 2  Summary of Significant Accounting Policies
	Cash
	For purposes of the statement of cash flows, the Company considers all investment instrument purchased with a maturity of three months or less to be cash equivalents.
	Accounting Estimates
	These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgement. Actual results may differ from these estimates. The financial statements, in management’s opinion, have been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:
	Financial Instruments
	The carrying values of the Company’s financial instruments, consisting of cash, accounts receivable, due from related parties, accounts payable and note payable approximate their fair value due to the short maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The Company maintains the majority of its cash balances with one financial institution, in the form of demand deposits. For accounts receivable, the Company estimates, on a continuing basis, the probable losses and provides a provision for losses based on the estimated realizable value. The Company is exposed to fluctuations in foreign currencies through its operations in the United States. The Company monitors this exposure, but has no hedge positions. As at December 31, 2014, the Company had cash totalling $2,832. (2013: $21,005) held in US dollars. Fixed Assets Fixed Assets are stated at cost. Maintenance and repairs are charged to operations;
	Improvements are capitalized.
	The cost of fixed assets sold or otherwise disposed of and the accumulated amortization thereon is eliminated from the fixed asset and related accumulated amortization accounts, and any resulting gain or loss is credited or charged to income.
	Income Taxes
	The Company follows Statement of Financial Accounting Standards (“FAS”) No. 109, “Accounting for Income Taxes” which requires the use of the asset and liability method of accounting of income taxes. Under the assets and liability method of FAS 109, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled.
	Basic and Diluted Loss per Share
	The Company reports basic loss per share in accordance with the FAS No. 128, “Earnings per Share”. Basic loss per share is computed using the weighted average number of shares outstanding during the period. Instruments that can be converted to common stock have not been included in the fully diluted computations since the result would be antidilutive.
	Revenues
	The Company recognizes revenue from various interests. Shipping and handling costs in connection with such deliveries are included in production costs. Revenue under carried interest agreements is recorded in the period when the net proceeds become receivable, measurable and collection is reasonably assured. The time the net revenues become receivable and collection is reasonably assured and depends on the terms and conditions of the relevant agreements and the practices followed by the operator. As a result, net revenues may lag the production month by one or more months.
	New Accounting Standards
	Management does not believe that any recently issued but not effective accounting standards if currently adapted could have a material effect on the accompanying financial statements.

Agreement_With_Nano_Tech_West_

Agreement With Nano Tech West, Inc.	12 Months Ended
	Dec. 31, 2014
Notes
Agreement With Nano Tech West, Inc.	Note 3  Agreement with Nano Tech West, Inc.
	At a Special General Meeting Held September 30, 2014 the shareholders agreed to either merge or acquire Nano Tech West, Inc., an the basis of a share for share deal, the agreement is dependent on the company consolidating its common shares on the basis of one new share being exchanged for twenty five existing common shares (1 for 25), as of the date of these financial statements this event has not yet taken place.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes
Related Party Transactions	Note 4  Related party transactions
	During the year ended December 31, 2014 Hughes Maritime Corp. (controlled by the president) charged and accrued $5,000 for administration (2013 nil). There were also $6,365 in advances payable to related parties (2013 nil).

Income_Tax_Disclosure

Income Tax Disclosure	12 Months Ended
	Dec. 31, 2014
Notes
Income Tax Disclosure	Note 5  Income tax
	As at December 31, 2014 and 2013 the Company has non-capital losses sufficient to wipe out any potential tax liability.

Convertible_Promissory_Note_Di

Convertible Promissory Note Disclosure	12 Months Ended
	Dec. 31, 2014
Notes
Convertible Promissory Note Disclosure	Note 6  Convertible promissory note
	On 26 June 2012 the company executed a convertible promissory note in the amount of $100,000 the balance outstanding as at December 31, 2014 was $39,000 (2013 $178,000) the convertible promissory note can be converted into common shares on the basis of 1 new share for each $ 0.0001 of debt.

Discontinued_Operations_Disclo

Discontinued Operations Disclosure	12 Months Ended
	Dec. 31, 2014
Notes
Discontinued Operations Disclosure	Note 7  Discontinued Operations
	In September 2014 new management acquired control of the company, and the previous operations were discontinued at that time, and present management determined to bring the company current in its filings, and to proceed with the acquisition or merger with Nano Tech West, Inc.

Capital_Stock_Disclosure

Capital Stock Disclosure	12 Months Ended
	Dec. 31, 2014
Notes
Capital Stock Disclosure	Note 8  Capital Stock
	On September 30, 2014, the Shareholders approved a reverse split of its common stock on the basis of 1 new share for 25 old shares. The number of shares referred to in these financial statements have not been restated until such time as the Reverse split has been accomplished. The Company's capitalization is 988,000,000 common shares, of which 159,321,890 are issued and outstanding, with a par value of $0.001 per share and 5,000,000 preferred shares, of which 1,000,000 are issued and outstanding, with a par value of $0.001 per share.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies: Cash Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Cash Policy	Cash
	For purposes of the statement of cash flows, the Company considers all investment instrument purchased with a maturity of three months or less to be cash equivalents.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies: Accounting Estimates Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Accounting Estimates Policy	Accounting Estimates
	These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgement. Actual results may differ from these estimates. The financial statements, in management’s opinion, have been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:

Summary_of_Significant_Account3

Summary of Significant Accounting Policies: Financial Instruments Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Financial Instruments Policy	Financial Instruments
	The carrying values of the Company’s financial instruments, consisting of cash, accounts receivable, due from related parties, accounts payable and note payable approximate their fair value due to the short maturity of such instruments. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The Company maintains the majority of its cash balances with one financial institution, in the form of demand deposits. For accounts receivable, the Company estimates, on a continuing basis, the probable losses and provides a provision for losses based on the estimated realizable value. The Company is exposed to fluctuations in foreign currencies through its operations in the United States. The Company monitors this exposure, but has no hedge positions. As at December 31, 2014, the Company had cash totalling $2,832. (2013: $21,005) held in US dollars. Fixed Assets Fixed Assets are stated at cost. Maintenance and repairs are charged to operations;
	Improvements are capitalized.
	The cost of fixed assets sold or otherwise disposed of and the accumulated amortization thereon is eliminated from the fixed asset and related accumulated amortization accounts, and any resulting gain or loss is credited or charged to income.

Summary_of_Significant_Account4

Summary of Significant Accounting Policies: Income Taxes Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Income Taxes Policy	Income Taxes
	The Company follows Statement of Financial Accounting Standards (“FAS”) No. 109, “Accounting for Income Taxes” which requires the use of the asset and liability method of accounting of income taxes. Under the assets and liability method of FAS 109, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled.

Summary_of_Significant_Account5

Summary of Significant Accounting Policies: Basic and Diluted Loss Per Share Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Basic and Diluted Loss Per Share Policy	Basic and Diluted Loss per Share
	The Company reports basic loss per share in accordance with the FAS No. 128, “Earnings per Share”. Basic loss per share is computed using the weighted average number of shares outstanding during the period. Instruments that can be converted to common stock have not been included in the fully diluted computations since the result would be antidilutive.

Summary_of_Significant_Account6

Summary of Significant Accounting Policies: Revenues Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Revenues Policy	Revenues
	The Company recognizes revenue from various interests. Shipping and handling costs in connection with such deliveries are included in production costs. Revenue under carried interest agreements is recorded in the period when the net proceeds become receivable, measurable and collection is reasonably assured. The time the net revenues become receivable and collection is reasonably assured and depends on the terms and conditions of the relevant agreements and the practices followed by the operator. As a result, net revenues may lag the production month by one or more months.

Summary_of_Significant_Account7

Summary of Significant Accounting Policies: New Accounting Standards Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
New Accounting Standards Policy	New Accounting Standards
	Management does not believe that any recently issued but not effective accounting standards if currently adapted could have a material effect on the accompanying financial statements.

Nature_and_Continuance_of_Oper1

Nature and Continuance of Operations (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Working capital deficit	$16,989
Accumulated losses since inception	$4,797,346	$4,846,552

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Details
Administrative expense from related party	$5,000
Advances payable to related party	$6,365

Convertible_Promissory_Note_Di1

Convertible Promissory Note Disclosure (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Convertible promissory note payable	$39,000	$178,000

Capital_Stock_Disclosure_Detai

Capital Stock Disclosure (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Reverse stock split	the Shareholders approved a reverse split of its common stock on the basis of 1 new share for 25 old shares
Shares of common stock authorized for issuance	988,000,000	988,000,000
Shares of common stock issued and outstanding	159,321,890	159,321,890
Par value, common	$0.00	$0.00
Shares of preferred stock authorized	5,000,000	5,000,000
Shares of preferred stock issued and outstanding	1,000,000	1,000,000
Par value, preferred	$0.00	$0.00