Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 28, 2014 | Jun. 28, 2013 | |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'TINTIC GOLD MINING CO | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001301839 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 1,858,338 | ' |
Entity Public Float | ' | ' | $45,834 |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
BALANCE SHEETS | ' | ' |
Cash | $0 | $0 |
Total Assets | 0 | 0 |
Accounts payable and accrued expense | ' | 4,647 |
Loan from related party | 83,969 | 57,643 |
Total Current Liabilities | 83,969 | 62,290 |
Common stock, $.001 par value, 50,000,000 shares authorized, 1,858,338 issued and outstanding | 1,858 | 1,858 |
Capital in excess of par value | 255,349 | 255,349 |
Deficit accumulated during the development stage | -341,176 | -319,497 |
Total Stockholders' Equity (Deficit) | -83,969 | -62,290 |
Total Liabilities and Stockholders' Equity (Deficit) | $0 | $0 |
BALANCE_SHEETS_PARENTHETICAL
BALANCE SHEETS PARENTHETICAL (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
BALANCE SHEETS PARENTHETICAL | ' | ' |
Common stock par value | $0.00 | $0.00 |
Common stock shares authorized | 50,000,000 | 50,000,000 |
Common stock shares issued | 1,858,338 | 1,858,338 |
Common stock shares outstanding | 1,858,338 | 1,858,338 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | 192 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
CONDENSED STATEMENTS OF OPERATIONS | ' | ' | ' |
Revenues | $0 | $0 | $0 |
Total Revenues | 0 | 0 | 0 |
General & Administrative | 21,679 | 21,208 | 271,244 |
Failed acquisition costs | ' | ' | 85,758 |
Total Expenses | 21,679 | 21,208 | 357,002 |
Loss From Operations | -21,679 | -21,208 | -357,002 |
Interest Income | ' | ' | 8,632 |
Interest Expense | ' | ' | -44 |
Warrant Grant | ' | -1,492 | -2,611 |
Gain on Sale of Securities | ' | ' | -8,084 |
Total Other Income & Expense | ' | -1,492 | 14,061 |
Loss Before Income Taxes | -21,679 | -22,700 | -342,941 |
Current Income Taxes (Benefit) | ' | ' | -1,765 |
Deferred Tax Expense | 0 | 0 | 0 |
Net Loss | ($21,679) | ($22,700) | ($341,176) |
Loss per Share | ($0.01) | ($0.01) | ' |
STATEMENT_OF_STOCKHOLDERS_EQUI
STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $) | Common Stock | Additional Paid-In Capital | Deficit Accumulated During the Development Stage | Gains (Losses) on Available-For-Sale Securities | Treasury Stock | Total |
Balance at Dec. 30, 1997 | $232 | $39,743 | ' | ' | ' | $39,975 |
Balance - Shares at Dec. 30, 1997 | 231,797 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | 11,007 | ' | ' | 11,007 |
Balance at Dec. 31, 2000 | ' | ' | ' | ' | ' | ' |
Balance - Shares at Dec. 31, 2000 | ' | ' | ' | ' | ' | ' |
Unrealized losses available-for-sale-securities, net of tax | ' | ' | ' | -278 | ' | -278 |
Unrealized losses available-for-sale-securities, net of tax | ' | ' | ' | 278 | ' | 278 |
Stock issued for services | 50 | 14,950 | ' | ' | ' | 15,000 |
Stock issued for services - Shares | 50,006 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -35,530 | ' | ' | -35,530 |
Balance at Dec. 31, 2001 | 282 | 54,693 | -24,523 | ' | ' | 30,452 |
Balance - Shares at Dec. 31, 2001 | 281,803 | ' | ' | ' | ' | ' |
Stock issued for services | 134 | 23,343 | ' | ' | ' | 23,477 |
Stock issued for services - Shares | 134,153 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -34,774 | ' | ' | -34,774 |
Balance at Dec. 31, 2002 | 416 | 78,036 | -59,297 | ' | ' | 19,155 |
Balance - Shares at Dec. 31, 2002 | 415,956 | ' | ' | ' | ' | ' |
Stock issued for services | 537 | 53,124 | ' | ' | ' | 53,661 |
Stock issued for services - Shares | 536,611 | ' | ' | ' | ' | ' |
Stock issued for services | 57 | 5,651 | ' | ' | ' | 5,708 |
Stock issued for services - Shares | 57,076 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -81,978 | ' | ' | -81,978 |
Balance at Dec. 31, 2003 | 1,010 | 136,811 | -141,275 | ' | ' | -3,454 |
Balance - Shares at Dec. 31, 2003 | 1,009,643 | ' | ' | ' | ' | ' |
Issuance of Common Stock | 500 | 24,500 | ' | ' | ' | 25,000 |
Issuance of Common Stock - Shares | 500,000 | ' | ' | ' | ' | ' |
Related party debt forgiveness recorded as capital contribution | ' | 3,454 | ' | ' | ' | 3,454 |
Net income (loss) | ' | ' | -7,552 | ' | ' | -7,552 |
Balance at Dec. 31, 2004 | 1,510 | 164,765 | -148,827 | ' | ' | 17,448 |
Balance - Shares at Dec. 31, 2004 | 1,509,643 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -12,245 | ' | ' | -12,245 |
Balance at Dec. 31, 2005 | 1,510 | 164,765 | -161,072 | ' | ' | 5,203 |
Balance - Shares at Dec. 31, 2005 | 1,509,643 | ' | ' | ' | ' | ' |
Issuance of Common Stock | 600 | 29,400 | ' | ' | ' | 30,000 |
Issuance of Common Stock - Shares | 600,000 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -24,020 | ' | ' | -24,020 |
Balance at Dec. 31, 2006 | 2,110 | 194,165 | -185,092 | ' | ' | 11,183 |
Balance - Shares at Dec. 31, 2006 | 2,109,643 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -27,358 | ' | ' | -27,358 |
Balance at Dec. 31, 2007 | 2,110 | 194,165 | -212,450 | ' | ' | -16,175 |
Balance - Shares at Dec. 31, 2007 | 2,109,643 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -19,943 | ' | ' | -19,943 |
Balance at Dec. 31, 2008 | 2,110 | 194,165 | -232,393 | ' | ' | -36,118 |
Balance - Shares at Dec. 31, 2008 | 2,109,643 | ' | ' | ' | ' | ' |
Related party debt forgiveness recorded as capital contribution | ' | 58,321 | ' | ' | ' | 58,321 |
Issuance of stock purchase warrants in exchange for shares of treasury stock | ' | 54,117 | ' | ' | -54,117 | ' |
Net income (loss) | ' | ' | -22,203 | ' | ' | -22,203 |
Balance at Dec. 31, 2009 | 2,110 | 306,603 | -254,596 | ' | -54,117 | ' |
Balance - Shares at Dec. 31, 2009 | 2,109,643 | ' | ' | ' | ' | ' |
Cancellation of treasury stock | -271 | -53,846 | ' | ' | 54,117 | ' |
Cancellation of treasury stock - Shares | -270,584 | ' | ' | ' | ' | ' |
Recognize prior year rounding shares | 19 | -19 | ' | ' | ' | ' |
Recognize prior year rounding shares - Shares | 19,279 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -21,454 | ' | ' | -21,454 |
Balance at Dec. 31, 2010 | 1,858 | 252,738 | -276,050 | ' | ' | -21,454 |
Balance - Shares at Dec. 31, 2010 | 1,858,338 | ' | ' | ' | ' | ' |
Warrant extension grant | ' | 1,119 | ' | ' | ' | 1,119 |
Net income (loss) | ' | ' | -20,747 | ' | ' | -20,747 |
Balance at Dec. 31, 2011 | 1,858 | 253,857 | -296,797 | ' | ' | -41,082 |
Balance - Shares at Dec. 31, 2011 | 1,858,338 | ' | ' | ' | ' | ' |
Warrant extension grant | ' | 1,492 | ' | ' | ' | 1,492 |
Net income (loss) | ' | ' | -22,700 | ' | ' | -22,700 |
Balance at Dec. 31, 2012 | 1,858 | 255,349 | -319,497 | ' | ' | -62,290 |
Balance - Shares at Dec. 31, 2012 | 1,858,338 | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | -21,679 | ' | ' | -21,679 |
Balance at Dec. 31, 2013 | $1,858 | $255,349 | ($341,176) | ' | ' | ($83,969) |
Balance - Shares at Dec. 31, 2013 | 1,858,338 | ' | ' | ' | ' | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | 192 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
STATEMENTS OF CASH FLOWS | ' | ' | ' |
Net loss | ($21,679) | ($22,700) | ($341,176) |
Non-cash stock issued for services rendered | ' | ' | 97,846 |
Gain on Sale of Securities | ' | ' | -8,084 |
Warrant Grant | ' | 1,492 | 2,611 |
(Decrease) increase in accounts payable | -4,647 | -260 | -147 |
Payment of expenses by related party | ' | ' | 33,975 |
Decrease in income taxes payable | ' | ' | -565 |
Net cash used in operating activities | -26,326 | -21,468 | -215,540 |
Purchase of securities | ' | ' | -7,609 |
Proceeds from sale of securities | ' | ' | 23,960 |
Net cash flows provided by investing activities | ' | ' | 16,351 |
Proceeds from note payable - related party | ' | ' | 3,501 |
Proceeds from loans - related party | 26,326 | 21,468 | 108,315 |
Proceeds from sale of common stock | ' | ' | 55,000 |
Net cash flows provided by financing activities | 26,326 | 21,468 | 166,816 |
Net decrease in cash | ' | ' | -32,373 |
Cash and cash equivalents at beginning of period | 0 | 0 | 32,373 |
Cash and cash equivalents at end of period | 0 | 0 | 0 |
Interest | 0 | 0 | 0 |
Income taxes | ' | ' | $3,565 |
Note_1_Organization_and_Summar
Note 1 -- Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 1 -- Organization and Summary of Significant Accounting Policies | ' |
NOTE 1 -- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
History and Nature of Business - Tintic Gold Mining Company (“the Company”) was organized under the laws of the State of Nevada on March 8, 2004 as a wholly-owned subsidiary of Tintic Gold Mining Company (“Parent”), a Utah corporation, (now known as KIWA Bio-Tech Products Group Corporation). The Company was founded for the purpose of continuing the exploration of the mining claims transferred to it by Parent. In 2006 Parent distributed the outstanding shares of the Company to its shareholders pursuant to a registration statement declared effective by the Securities and Exchange Commission on October 18, 2006. | |
As a part of a change in control of the Company in December 2009 and in consideration of the waiver of debt owed by the Company to the previous controlling shareholders, the Company agreed to a put and call agreement wherein the shareholders were given an irrevocable option to acquire the Company’s right, title and interest in all of the mining claims. The shareholders also granted to the Company an irrevocable option to require the shareholders to accept title to the mining claims at any time during the option period. The Company exercised the option on February 8, 2010, and transferred all of its mining assets to the previous controlling shareholders. | |
The Company currently has no business assets and no business operations. | |
Financial Statement Presentation. The accompanying financial statements include the prior operations of Parent from its inception of exploration stage activities on December 31, 1997 through the spin-off of the Company, and include the accounts of the Company from its date of incorporation to the date of the financial statements. | |
Development Stage. On and prior to December 31, 2009, the Company was considered to be an Exploration Stage Company, although, as of December 31, 2009, the Company did not have any current mining exploration, development or production activities on its existing properties. After transferring its mining assets to its prior majority shareholders in February 2010, the Company became a development stage company. | |
Cash and Cash Equivalents - The Company considers all highly-liquid debt investments purchased with an original maturity of three months or less to be cash equivalents. | |
Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits. [See Note 5.] | |
The Company has no tax positions at December 31, 2013 and 2012 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. | |
The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2013 and 2012, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2013 and 2012. All tax years starting with 2010 are open for examination. | |
Loss Per Share - The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 6]. | |
Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimated. | |
Recently Enacted Accounting Standards - There are no recently enacted accounting standards that the Company expects to have a material effect on its financial statements for future periods. |
Note_2_Capital_Stock
Note 2 - Capital Stock | 12 Months Ended | |
Dec. 31, 2013 | ||
Notes | ' | |
Note 2 - Capital Stock | ' | |
NOTE 2 - CAPITAL STOCK | ||
Common Stock - The Company has authorized 50,000,000 shares of common stock with a par value of $.001. | ||
Treasury Stock. - During the year ended December 31, 2010 the Company reclassified 270,584 common shares, which had been held as treasury stock since December 2009, as authorized but unissued. | ||
Warrants - In conjunction with the change in control in December 2009, the Company exchanged common stock purchase warrants in exchange for 270,584 shares of the Company’s common stock, which shares were being held as treasury shares. The common stock purchase warrants allowed the holders to acquire 0.4% of the outstanding common stock of the Company within two years from the date of issuance of said purchase warrants. The warrants were valued at $.20 per share given up or $54,117. | ||
In December 2011 the termination date of the warrants was extended to June 18, 2012. The fair value of $1,119 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions: | ||
Expected life | 0.5 years | |
Expected volatility | 1% | |
Risk-free interest rate | 1.46% | |
Expected dividend yield | 0.00% | |
In June 2012 the termination date of the warrants was extended to December 18, 2012. The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions: | ||
Expected life | 0.5 years | |
Expected volatility | 1% | |
Risk-free interest rate | 0.63% | |
Expected dividend yield | 0.00% | |
In December 2012 the termination date of the warrants was extended to June 18, 2013. The fair value of $746 for the six month extension was calculated using a Black-Scholes option pricing model with the following assumptions: | ||
Expected life | 0.5 years | |
Expected volatility | 1% | |
Risk-free interest rate | 0.77% | |
Expected dividend yield | 0.00% | |
On June 18, 2013 the warrants expired. | ||
Note_3_Related_Party_Transacti
Note 3 Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 3 Related Party Transactions | ' |
NOTE 3 RELATED PARTY TRANSACTIONS | |
Related Party Loans – During the years ended December 31, 2013 and 2012, the expenses of the Company were paid by its majority shareholder. The payments were recorded as “loans from related party.” The loans are payable on demand and do not bear interest. | |
Management Compensation - During the years ended December 31, 2013 and 2012, the Company did not pay any compensation to any officer or director of the Company. | |
Office Space - The Company has not had a need to rent office space. An officer of the Company allows the Company to use his address, as needed, at no expense to the Company. |
Note_4_Going_Concern
Note 4 Going Concern | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 4 Going Concern | ' |
NOTE 4 GOING CONCERN | |
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, the Company has not yet been successful in establishing profitable operations and, as of December 31, 2013 the Company had no assets. | |
These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of its common stock or through a possible business combination. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Note_5_Income_Taxes
Note 5 Income Taxes | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 5 Income Taxes | ' |
NOTE 5 INCOME TAXES | |
The Company accounts for income taxes in accordance with ASC Topic No. 740, “Income Taxes.” ASC Topic No. 740 requires the Company to provide a net deferred tax asset/liability equal to the expected future tax benefit/expense of temporary reporting differences between book and tax accounting methods and any available operating loss or tax credit carryforwards. | |
The Company has available at December 31, 2013 an unused operating loss carryforward of approximately $199,900 that may be applied against future taxable income and which expires in 2033. The amount of and ultimate realization of the benefits from the operating loss carryforwards for income tax purposes is dependent, in part, upon the tax laws in effect, the future earnings of the Company, and other future events, the effects of which cannot be determined. Due to a change in control of the Company in December 2009, the annual amount of the NOL that can be applied against future earnings is limited. Because of the uncertainty surrounding the realization of the net deferred tax assets, the Company has established a valuation allowance equal to their tax effect and, therefore, no deferred tax asset has been recognized. The net deferred tax assets are approximately $30,000 and $26,700 as of December 31, 2013 and 2012, with an offsetting valuation allowance of the same amount. The change in the valuation allowance for the year ended December 31, 2013 is approximately 3,300. |
Note_6_Loss_Per_Share
Note 6 Loss Per Share | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Notes | ' | ||||
Note 6 Loss Per Share | ' | ||||
NOTE 6 LOSS PER SHARE | |||||
The following data shows the amounts used in computing loss per share: | |||||
For the Year Ended | |||||
December 31, | |||||
2013 | 2012 | ||||
Loss from continuing operations available to common | |||||
shareholders (numerator) | $ (21,679) | $ (22,700) | |||
Weighted average number of common shares outstanding used in loss per share for the period (denominator) | 1,858,338 | 1,858,338 | |||
Dilutive loss per share was not presented, as the Company had no common stock equivalent shares for all periods presented that would affect the computation of diluted loss per share. | |||||
Note_7_Subsequent_Events
Note 7 - Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Notes | ' |
Note 7 - Subsequent Events | ' |
NOTE 7 - SUBSEQUENT EVENTS | |
The Company has evaluated subsequent events from the balance sheet date and determined there are no events to disclose through the date the financial statements were issued. |
Note_1_Organization_and_Summar1
Note 1 -- Organization and Summary of Significant Accounting Policies: Business Description and Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Business Description and Basis of Presentation | ' |
Financial Statement Presentation. The accompanying financial statements include the prior operations of Parent from its inception of exploration stage activities on December 31, 1997 through the spin-off of the Company, and include the accounts of the Company from its date of incorporation to the date of the financial statements. |
Note_1_Organization_and_Summar2
Note 1 -- Organization and Summary of Significant Accounting Policies: Development Stage Enterprise General Disclosures (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Development Stage Enterprise General Disclosures | ' |
Development Stage. On and prior to December 31, 2009, the Company was considered to be an Exploration Stage Company, although, as of December 31, 2009, the Company did not have any current mining exploration, development or production activities on its existing properties. After transferring its mining assets to its prior majority shareholders in February 2010, the Company became a development stage company. |
Note_1_Organization_and_Summar3
Note 1 -- Organization and Summary of Significant Accounting Policies: Cash and Cash Equivilents (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Cash and Cash Equivilents | ' |
Cash and Cash Equivalents - The Company considers all highly-liquid debt investments purchased with an original maturity of three months or less to be cash equivalents. |
Note_1_Organization_and_Summar4
Note 1 -- Organization and Summary of Significant Accounting Policies: Income Taxes (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Income Taxes | ' |
Income Taxes - The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes”, on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized approximately no increase in the liability for unrecognized tax benefits. [See Note 5.] | |
The Company has no tax positions at December 31, 2013 and 2012 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. | |
The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2013 and 2012, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2013 and 2012. All tax years starting with 2010 are open for examination. |
Note_1_Organization_and_Summar5
Note 1 -- Organization and Summary of Significant Accounting Policies: Loss Per Share (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Loss Per Share | ' |
Loss Per Share - The computation of loss per share is based on the weighted average number of common shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share” [See Note 6]. | |
Note_1_Organization_and_Summar6
Note 1 -- Organization and Summary of Significant Accounting Policies: Accounting Estimates (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Accounting Estimates | ' |
Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimated. |
Note_1_Organization_and_Summar7
Note 1 -- Organization and Summary of Significant Accounting Policies: Recently Enacted Accounting Standards (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Policies | ' |
Recently Enacted Accounting Standards | ' |
Recently Enacted Accounting Standards - There are no recently enacted accounting standards that the Company expects to have a material effect on its financial statements for future periods. |
Note_6_Loss_Per_Share_Schedule
Note 6 Loss Per Share: Schedule of Loss per Share (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Tables/Schedules | ' | ||||
Schedule of Loss per Share | ' | ||||
For the Year Ended | |||||
December 31, | |||||
2013 | 2012 | ||||
Loss from continuing operations available to common | |||||
shareholders (numerator) | $ (21,679) | $ (22,700) | |||
Weighted average number of common shares outstanding used in loss per share for the period (denominator) | 1,858,338 | 1,858,338 | |||
Note_2_Capital_Stock_Common_St
Note 2 - Capital Stock: Common Stock (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Details | ' | ' |
Common stock shares authorized | 50,000,000 | 50,000,000 |
Common stock par value | $0.00 | $0.00 |
Note_2_Capital_Stock_Warrants_
Note 2 - Capital Stock: Warrants (Details) (USD $) | 1 Months Ended | 12 Months Ended | 168 Months Ended | 192 Months Ended | ||
Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2009 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Details | ' | ' | ' | ' | ' | ' |
common stock shares exchanged | ' | ' | 270,584 | ' | ' | ' |
Purchase warrant terms | ' | ' | 'The common stock purchase warrants allowed the holders to acquire 0.4% of the outstanding common stock of the Company within two years from the date of issuance of said purchase warrants. | ' | ' | ' |
Purchase warrants value per share | ' | ' | $0.20 | ' | ' | ' |
Purchase warrants value | ' | ' | $54,117 | ' | ' | ' |
Warrant Grant | $746 | $746 | ' | $1,492 | $1,119 | $2,611 |
Note_5_Income_Taxes_Details
Note 5 Income Taxes (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Details | ' | ' |
Operating Loss Carryforwards | $199,900 | ' |
Operating Loss Carryforwards, Expiration Dates | '2033 | ' |
Deferred Tax Assets, Valuation Allowance | 30,000 | 26,700 |
Deferred Tax Assets, Gross | 30,000 | 26,700 |
Valuation Allowance, Deferred Tax Asset, Change in Amount | $3,300 | ' |
Note_6_Loss_Per_Share_Schedule1
Note 6 Loss Per Share: Schedule of Loss per Share (Details) (USD $) | 12 Months Ended | 192 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Details | ' | ' | ' |
Loss Before Income Taxes | ($21,679) | ($22,700) | ($342,941) |
Weighted Average Number of Shares Outstanding, Basic | 1,858,338 | 1,858,338 | ' |