Cannagistics (CNGT) 10-K 13 Nov 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2015	Nov. 11, 2015	Jan. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Precious Investments, Inc.
Entity Central Index Key	1,304,741
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Document Type	10-K
Document Period End Date	Jul. 31, 2015
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 3,902,182
Entity Common Stock, Shares Outstanding		3,957,757

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Current assets
Mining properties		$ 50,000
Total assets		50,000
Current liabilities
Accounts payable and accrued liabilities	$ 151,336	83,012
Loan payable - related party	45,949	3,039
Convertible notes payable	312,285	289,140
Promissory notes	16,450	16,450
Total current liabilities	$ 526,020	391,641
Convertible promissory notes, net of $28,800 discount		16,200
Total liabilities	$ 526,020	$ 407,841
Stockholders' deficit
Preferred stock, par value $.001; 10,000,000 shares authorized; 250,000 and 0 issued and outstanding as of July 31, 2015 and 2014, respectively.	250
Common stock; $0.001 par value; 12,500,000 shares authorized; 3,367,294 and 2,668,544 shares issued and outstanding as of July 31, 2015 and 2014, respectively	3,377	$ 2,678
Additional paid-in capital	959,198	467,129
Treasury stock	(45,000)	(45,000)
Accumulated deficit	(1,443,845)	(782,648)
Total stockholders' deficit	(526,020)	(357,841)
Total liabilities and stockholders' deficit	$ 0	$ 50,000

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Statement of Financial Position [Abstract]
Convertible promissory notes, discount		$ 28,800
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	250,000	0
Preferred stock, shares outstanding	250,000	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	12,500,000	12,500,000
Common stock, shares issued	3,367,294	2,668,544
Common stock, shares outstanding	3,367,294	2,668,544

Statement of Operations

Statement of Operations - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Statement of Operations [Abstract]
Sales
Operating expenses
General and administrative expenses	$ 156,013	$ 68,176
Salary - Officers	486,250
Total operating expenses	642,263	$ 68,176
Loss from operations	(642,263)	(68,176)
Other (income) expense
Interest expense & Amortization of debt discount	18,934	21,179
Total other expense	18,934	21,179
Net loss	$ (661,197)	$ (89,355)
Net loss per common share: basic and diluted	$ (0.20)	$ (0.05)
Basic weighted average common shares outstanding	3,367,294	1,668,654

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash Flows From Operating Activities
Net loss	$ (661,197)	$ (89,355)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization of debt discount	13,713	$ 16,200
Common and Preferred Stock compensation in lieu of cash	486,250
Impairment of mining properties	50,000
Changes in assets and liabilities
Accounts payable and accrued expenses	68,324	$ 56,705
Net cash from operating activities	$ (42,910)	$ (16,450)
Cash Flows from investing
Purchase of fixed assets
Net cash used in investing activities
Cash Flows from Financing Activities
Treasury stock		$ (45,000)
Proceeds from convertible notes payable		$ 61,450
Advances from related parties	$ 42,910
Net cash from financing activities	42,910	$ 16,450
Net increase (decrease) in cash	$ 0
Cash, beginning of period
Cash, end of period	$ 0
Supplemental disclosure of cash flow information
Cash paid for interest
Cash paid for tax
Non-Cash investing and financing transactions
Increase in debt discount due to beneficial conversion feature		$ 45,000
Shares issued to settle convertible debt	$ 6,768
Shares issued for mineral property lease assumption		$ 50,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Deficit
Beginning balance at Jul. 31, 2013	$ (318,487)		$ 179	$ 374,628		$ (693,293)
Beginning balance, shares at Jul. 31, 2013			178,544
Acquisition of treasury shares at $0.225 per share	(45,000)				$ (45,000)
Acquisition of treasury shares at $0.225 per share, shares
Beneficial conversion feature on convertible promissory notes	45,000			45,000
Common stock issued in exchange for lease assumption	50,000		$ 2,500	$ 47,500
Common stock issued in exchange for lease assumption, shares			2,500,000
Net loss	(89,355)					$ (89,355)
Ending Balance at Jul. 31, 2014	(357,841)		$ 2,678	$ 467,129	$ (45,000)	$ (782,648)
Ending Balance, shares at Jul. 31, 2014			2,678,544
Stock issued to settle convertible debt	6,768		$ 399	6,369
Stock issued to settle convertible debt, Shares			398,750
Shares issued services	486,000		$ 300	$ 485,700
Shares issued services, shares			300,000
Shares issued services	250	$ 250
Shares issued services, Shares		250,000
Net loss	(661,197)					$ (661,197)
Ending Balance at Jul. 31, 2015	$ (526,020)	$ 250	$ 3,377	$ 959,198	$ (45,000)	$ (1,443,845)
Ending Balance, shares at Jul. 31, 2015		250,000	3,377,294

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Jul. 31, 2014$ / shares
Statement of Stockholders' Equity [Abstract]
Acquisition of treasury shares, per share	$ 0.225

Orgnization and Summary of Sign

Orgnization and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2015
Orgnization and Summary of Significant Accounting Policies [Abstract]
ORGANIZATION AND BASIS OF ACCOUNTING	NOTE 1 – ORGNIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business Precious Investments, Inc. (Formerly FIGO Ventures, Inc.) (‘The Company’) was incorporated under the laws of the State of Nevada on May 26, 2004. The Company was an Exploration Stage Company with the principle business being the acquisition and exploration of resource properties. The Company previously had a mining lease concession that covered 233.50 hectares in the Municipalities of San Carlos and San Rafael, Antiocha, Colombia. As a result of the Company’s new business direction in the colored diamond trading business, it has abandoned the business of working on exploring the mining lease. The Company had allowed its charter with the state of Nevada to be revoked by the Secretary of State for failure to file the required annual lists and pay the required annual fees. Its last known officers and directors reflected in the records of the Secretary of State were unresponsive or stated they were no longer involved with the Corporation. The purported replacement officers and directors were unresponsive. On September 14, 2012, NPNC Management, LLC filed a petition in the Eighth Judicial District Court in Clark County, Nevada and was appointed custodian of The Company on October 15, 2012. In order to obtain basic operating capital to pay for the reinstatement of the Company’s good standing with the Nevada Secretary of State, to bring the Company’s account current with creditors essential for the reorganization of the Company, such as the transfer agent, and for basic general corporate purposes, on October 24, 2012, the interim board authorized the sale of 55,000,000 (2,200,000 split adjusted) shares of common stock for $6,000 to NPNC Management, LLC, in a private placement transaction exempt from the Securities Act of 1933, as amended, pursuant to section 4(2) thereof and the rules and regulations promulgated there under. Basis of Presentation Our financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on July 31, 2015 and 2014. We have summarized our most significant accounting policies. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value Measurements Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820-10 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the Note principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value under ASC 820-10 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: ● Level 1 - Quoted prices in active markets for identical assets or liabilities. ● Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities. ● Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities Long-lived assets Long-lived assets, including investments to be held and used or disposed of other than by sale, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of the asset’s carrying amount or fair value less cost to sell. Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740—Income Taxes, which requires recognition of deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporary differences between the financial statements and tax basis of assets using the enacted tax rates that are expected to apply to taxable income when the temporary differences are expected to reverse. FASB ASC 740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions that meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to 2008 remain open to examination by U.S. federal and state tax jurisdictions. Fair value of financial instruments The Company financial instruments consist of payables and long-term debt. The carrying amount of payables approximates fair value because of the short-term nature of these items. The carrying amount of long-term debt approximates fair value due to the relationship between the interest rate on long-term debt and The Company incremental risk adjusted borrowing rate. Net Loss per Common Share Basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements. Reclassifications Certain prior year amounts have been reclassified for consistency with the current period presentation. This reclassification had no effect on the reported results of operations. The Company concluded that it was appropriate to classify its loans from a related party as a separate line item in the balance sheet. Previously, such loans were immaterial and were included in accounts payable. The amount reclassified as of July 31, 2014 was $3,039.

Going Concern

Going Concern	12 Months Ended
	Jul. 31, 2015
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of July 31, 2015, the Company has an accumulated deficit of $1,440,642. Our ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and our ability to achieve and maintain profitable operations. While we are expanding our best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.

Mineral Properties

Mineral Properties	12 Months Ended
	Jul. 31, 2015
Mineral Properties [Abstract]
MINERAL PROPERTIES	NOTE 3 – MINERAL PROPERTIES Mineral properties as of July 31, 2014, consisted of an assignment of an interest in the mining concession for the mining operations of what is known as the Rafael mine acquired on December 25, 2013, when we entered into a Lease Assumption Agreement with Capital Gold Mining Resources SAS (“CGM”), a company domiciled in Bogota, Columbia in exchange for 50 million shares of our common stock valued at $50,000. This share issuance was valued at the par value of the shares issued as there was no trading market for our shares at the time and we have been unable to determine a fair value of the lease assumption. The Company in no longer intending to exploit the mining property as such has impaired the entire value of the property as of July 31, 2015.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 4 – FAIR VALUE MEASUREMENTS The following table sets forth by level, within the fair value hierarchy, the Company’s fair value measurements at July 31, 2015 and 2014: Notes Payable Level 1 Level 2 Total Current Convertible Notes Balance July 31,2015 $ - $ 312,285 $ 312,285 Notes Payable Level 1 Level 2 Total Convertible Notes Balance July 31,2014 $ - $ 289,140 $ 289,140

Promissory Notes

Promissory Notes	12 Months Ended
	Jul. 31, 2015
Promissory Notes [Abstract]
PROMISSORY NOTES	NOTE 5 – PROMISSORY NOTES Promissory notes payable as of July 31, 2015 and July 31, 2014 consisted of the following: Description July 31, July 31, Note payable dated January 15, 2014, matured January 15, 2015 bearing interest at 12% per annum. $ 3,000 $ 3,000 Note payable dated February 14, 2014 matured February 14, 2015, bearing interest at 12% per annum. 3,750 3,750 Note payable dated April 1, 2014 matured April 1, 2015, bearing interest at 12% per annum. 4,700 4,700 Note payable dated January 30, 2014, matured January 30, 2015, bearing interest at 12% per annum. 5,000 5,000 Total $ 16,450 $ 16,450

Convertible Debt

Convertible Debt	12 Months Ended
	Jul. 31, 2015
Convertible Debt [Abstract]
CONVERTIBLE DEBT	NOTE 6 – CONVERTIBLE DEBT Convertible debt as of July 31, 2015 and July 31, 2014 consisted of the following: Description July 31, July 31, Convertible note agreement dated January 11, 2007, of up to $1,000,000 Bearing interest at 10% per annum, originally scheduled to mature on January 11, 2009. Convertible by Lender at its sole option into units in the capital stock such that for each $0.40 of principal outstanding at the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The beneficial conversion remaining balance applicable to this note at April 30, 2015 and July 31, 2014 was zero. $ 289,140 $ 289,140 Convertible note agreements (3) dated November 1, 2013, totaling $45,000. Maturing on November 30, 2015 bearing interest at 12% per annum. Principal and accrued interest is convertible at $.00225 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. 27,056 45,000 Less: unamortized discount (3,910 ) (28,800 ) Convertible notes, net of discount 309,352 305,340 Less: current maturities (309,352 ) 289,140 Long term maturities $ - $ 16,200

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS A shareholder of the Company has paid certain expenses of the Company. These amounts are reflected as a loan payable to related party. The shareholder advanced $45,949 and $3,039 as of July 31, 2105 and July 31, 2014, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jul. 31, 2015
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 – STOCKHOLDERS’ EQUITY On July 23, 2015, our majority shareholder and our board of directors approved an amendment to our Articles of Incorporation for the purpose of approving a reverse split of one to twenty in which each shareholder will be issued one common share in exchange for every twenty common shares of their currently issued common stock. All share have been retroactively restated to show the effect of the reverse stock split. A copy of the Certificate of Change that was filed with the Nevada Secretary of State on July 23, 2015 is attached hereto as Exhibit 3.1 and is incorporated by reference herein. On June 29, 2015, our Board of Directors voted to designate a class of preferred stock entitled Series A Preferred Stock, consisting of up 250,000 shares, par value $0.001. Under the Certificate of Designation, holders of Series A Preferred Stock will participate on an equal basis per-share with holders of our common stock in any distribution upon winding up, dissolution, or liquidation. Holders of Series A Preferred Stock are entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of three hundred (300) votes for each share held. On July 13, 2015, the Company issued a total of 250,000 shares the newly designated Series A Preferred Stock valued at $250 for services rendered to our company. On August 19, 2014, a convertible note holder exercised their option to convert $5,625 in principal into the common stock of the Company at a conversion price of $0.00225 per share, resulting in the issuance of 125,000 shares of the Company’s common stock. On August 22, 2014, two convertible note holders each exercised their option to convert $5,625 in principal into the common stock of the Company at a conversion price of $0.00225 per share, resulting in the issuance of 250,000 shares of the Company’s common stock. On September 24, 2014, a convertible note holder exercised their option to convert $1,069 in principal into the common stock of the Company at a conversion price of $0.00225 per share, resulting in the issuance of 23,750 shares of the Company’s common stock. On June 2, 2015, the Company issued 300,000 shares of stock for services valued at $486,000 as follows: Nataliya Hearns 250,000 $1.62 $ 405,000 David Young 50,000 $1.62 $ 81,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2015
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES Litigations, Claims and Assessments The Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2015
Income Taxes [Abstract]
INCOME TAXES	NOTE 10 – INCOME TAXES FASB ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is $76,607 ($34,000 in 2014) which is calculated by multiplying a 34% estimated tax rate by the taxable cumulative NOL of $221,734. The total valuation allowance is $65,369.08 ($34,000 in 2013). Details for the last two years follow: July 31, July 31, Deferred tax benefit 76,607 34,000 Valuation allowance (76,607 ) (34,000 ) Net deferred tax benefit - -

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS On August 10, 2015, we entered into a Diamond Purchase Agreement with Kashif Khan wherein we acquired colored diamonds with a wholesale value initially thought to be $4 million USD for the issuance of three convertible notes payable. We are currently evaluating how to account for this transaction, whether as an asset acquisition or as a business combination. Because these was no operating business which included the colored diamonds, we are currently planning on treating the acquisition as an asset acquisition. However, the convertible notes issued in exchange for the colored diamonds are convertible on demand into an effective 50% stock ownership and Mr. Khan also received preferred shares and became our CEO. In substance then this is a transaction with a control person and, as required by SEC regulations, we anticipate recording these colored diamonds at Mr. Khan’s basis, currently thought to be zero, with any remaining consideration resulting in an acquisition expense, currently thought to be $4 million USD. The final accounting will be disclosed in our Form 10Q to be filed on or about December 15, 2015.

Orgnization and Summary of Si19

Orgnization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2015
Orgnization and Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on July 31, 2015 and 2014. We have summarized our most significant accounting policies.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value Measurements	Fair Value Measurements Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles and enhances disclosures about fair value measurements. Fair value is defined under ASC 820-10 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the Note principal or the most advantageous market for an asset or liability in an orderly transaction between participants on the measurement date. Valuation techniques used to measure fair value under ASC 820-10 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on the levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: ● Level 1 - Quoted prices in active markets for identical assets or liabilities. ● Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or corroborated by observable market data or substantially the full term of the assets or liabilities. ● Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the value of the assets or liabilities
Long-lived assets	Long-lived assets Long-lived assets, including investments to be held and used or disposed of other than by sale, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of the asset’s carrying amount or fair value less cost to sell.
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740—Income Taxes, which requires recognition of deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporary differences between the financial statements and tax basis of assets using the enacted tax rates that are expected to apply to taxable income when the temporary differences are expected to reverse. FASB ASC 740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions that meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to 2008 remain open to examination by U.S. federal and state tax jurisdictions.
Fair value of financial instruments	Fair value of financial instruments The Company financial instruments consist of payables and long-term debt. The carrying amount of payables approximates fair value because of the short-term nature of these items. The carrying amount of long-term debt approximates fair value due to the relationship between the interest rate on long-term debt and The Company incremental risk adjusted borrowing rate.
Net Loss per Common Share	Net Loss per Common Share Basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified for consistency with the current period presentation. This reclassification had no effect on the reported results of operations. The Company concluded that it was appropriate to classify its loans from a related party as a separate line item in the balance sheet. Previously, such loans were immaterial and were included in accounts payable. The amount reclassified as of July 31, 2014 was $3,039.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value hierarchy	Notes Payable Level 1 Level 2 Total Current Convertible Notes Balance July 31,2015 $ - $ 312,285 $ 312,285 Notes Payable Level 1 Level 2 Total Convertible Notes Balance July 31,2014 $ - $ 289,140 $ 289,140

Promissory Notes (Tables)

Promissory Notes (Tables)	12 Months Ended
	Jul. 31, 2015
Promissory Notes [Abstract]
Schedule of Promissory Notes	Description July 31, July 31, Note payable dated January 15, 2014, matured January 15, 2015 bearing interest at 12% per annum. $ 3,000 $ 3,000 Note payable dated February 14, 2014 matured February 14, 2015, bearing interest at 12% per annum. 3,750 3,750 Note payable dated April 1, 2014 matured April 1, 2015, bearing interest at 12% per annum. 4,700 4,700 Note payable dated January 30, 2014, matured January 30, 2015, bearing interest at 12% per annum. 5,000 5,000 Total $ 16,450 $ 16,450

Convertible Debt (Tables)

Convertible Debt (Tables)	12 Months Ended
	Jul. 31, 2015
Convertible Debt [Abstract]
Summary of Convertible Debt	Description July 31, July 31, Convertible note agreement dated January 11, 2007, of up to $1,000,000 Bearing interest at 10% per annum, originally scheduled to mature on January 11, 2009. Convertible by Lender at its sole option into units in the capital stock such that for each $0.40 of principal outstanding at the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The beneficial conversion remaining balance applicable to this note at April 30, 2015 and July 31, 2014 was zero. $ 289,140 $ 289,140 Convertible note agreements (3) dated November 1, 2013, totaling $45,000. Maturing on November 30, 2015 bearing interest at 12% per annum. Principal and accrued interest is convertible at $.00225 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. 27,056 45,000 Less: unamortized discount (3,910 ) (28,800 ) Convertible notes, net of discount 309,352 305,340 Less: current maturities (309,352 ) 289,140 Long term maturities $ - $ 16,200

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jul. 31, 2015
Stockholders' Equity [Abstract]
Summary of the shares issued for services	Nataliya Hearns 250,000 $1.62 $ 405,000 David Young 50,000 $1.62 $ 81,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2015
Income Taxes [Abstract]
Schedule of deferred tax benefit	July 31, July 31, Deferred tax benefit 76,607 34,000 Valuation allowance (76,607 ) (34,000 ) Net deferred tax benefit - -

Orgnization and Summary of Si25

Orgnization and Summary of Significant Accounting Policies (Details) - NPNC Management, LLC [Member]	Oct. 24, 2012USD ($)shares
Accounting Policies Textual [Abstract]
Sale of stock during period, Shares	55,000,000
Stock splits	2,200,000
Sale of stock during period, Value | $	$ 6,000

Going Concern (Details)

Going Concern (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Going Concern (Textual)
Accumulated deficit	$ (1,443,845)	$ (782,648)

Mineral Properties (Details)

Mineral Properties (Details) shares in Millions	12 Months Ended
	Jul. 31, 2015USD ($)shares
Mineral Industries Textual [Abstract]
Shares issued in exchange common stock, shares	50
Shares issued in exchange common stock | $	$ 50,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Current Convertible Notes	$ 312,285	$ 289,140
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Current Convertible Notes
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Current Convertible Notes	$ 312,285	$ 289,140

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Short-term Debt [Line Items]
Notes payable, Total	$ 16,450	$ 16,450
Note payable dated January 15, 2014, matured January 15, 2015 [Member]
Short-term Debt [Line Items]
Notes payable, Total	3,000	3,000
Note payable dated February 14, 2014 matured February 14, 2015 [Member]
Short-term Debt [Line Items]
Notes payable, Total	3,750	3,750
Note payable dated April 1, 2014 matured April 1, 2015 [Member]
Short-term Debt [Line Items]
Notes payable, Total	4,700	4,700
Note payable dated January 30, 2014, matured January 30, 2015 [Member]
Short-term Debt [Line Items]
Notes payable, Total	$ 5,000	$ 5,000

Promissory Notes (Details Textu

Promissory Notes (Details Textual)	12 Months Ended
	Jul. 31, 2015
Note payable dated January 15, 2014, matured January 15, 2015 [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Jan. 15, 2014
Notes payable, maturity date	Jan. 15, 2015
Notes payable, rate of interest	12.00%
Note payable dated February 14, 2014 matured February 14, 2015 [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Feb. 14, 2014
Notes payable, maturity date	Feb. 14, 2015
Notes payable, rate of interest	12.00%
Note payable dated April 1, 2014 matured April 1, 2015 [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Apr. 1, 2014
Notes payable, maturity date	Apr. 1, 2015
Notes payable, rate of interest	12.00%
Note payable dated January 30, 2014, matured January 30, 2015 [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Jan. 30, 2014
Notes payable, maturity date	Jan. 30, 2015
Notes payable, rate of interest	12.00%

Convertible Debt (Details)

Convertible Debt (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Convertible notes payable [Abstract]
Less: unamortized discount	$ (3,910)	$ (28,800)
Convertible notes, net of discount	309,352	305,340
Less: current maturities	$ (312,285)	(289,140)
Long term maturities		16,200
Convertible note agreement dated January 11, 2007 [Member]
Convertible notes payable [Abstract]
Convertible notes	$ 289,140	289,140
Convertible note agreements dated November 1, 2013 [Member]
Convertible notes payable [Abstract]
Convertible notes	$ 27,056	$ 45,000

Convertible Debt (Details Textu

Convertible Debt (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2015	Sep. 24, 2014	Aug. 22, 2014	Aug. 19, 2014
Convertible Debt (Textual)
Convertible notes, conversion price		$ 0.00225	$ 0.00225	$ 0.00225
Convertible Debt [Member]
Convertible Debt (Textual)
Convertible debt	$ 1,000,000
Convertible payable, Issuance Date	Jan. 11, 2009
Convertible note, rate of interest	10.00%
Convertible notes, conversion price	$ 0.40
Convertible notes, terms of conversion feature	At the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The beneficial conversion remaining balance applicable to this note at April 30, 2015 and July 31, 2014 was zero.
Convertible note agreements dated November 1, 2013 [Member]
Convertible Debt (Textual)
Convertible debt	$ 45,000
Convertible payable, Issuance Date	Nov. 1, 2013
Convertible note, rate of interest	12.00%
Convertible notes, conversion price	$ 0.00225

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Related Party Transactions (Textual)
Loan payable - related party	$ 45,949	$ 3,039

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Jun. 02, 2015	Jul. 31, 2015
Related Party Transaction [Line Items]
Shares issued for services	$ 486,000	$ 486,000
Shares issued services, shares	300,000
Nataliya Hearns [Member]
Related Party Transaction [Line Items]
Shares issued for services		$ 250,000
Shares issued services, shares		405,000
Shares issued for services, per share		$ 1.62
David Young [Member]
Related Party Transaction [Line Items]
Shares issued for services		$ 50,000
Shares issued services, shares		81,000
Shares issued for services, per share		$ 1.62

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual)	Jul. 13, 2015USD ($)shares	Jun. 02, 2015USD ($)shares	Sep. 24, 2014USD ($)Note$ / sharesshares	Aug. 22, 2014USD ($)Note$ / sharesshares	Aug. 19, 2014USD ($)Note$ / sharesshares	Jul. 31, 2015USD ($)$ / sharesshares	Jun. 29, 2015$ / sharesshares	Jul. 31, 2014$ / sharesshares
Stockholders' Equity (Textual)
Debt conversion converted amount | $			$ 1,069	$ 5,625	$ 5,625
Conversion price | $ / shares			$ 0.00225	$ 0.00225	$ 0.00225
Debt conversion converted shares issued			23,750	250,000	125,000
Preferred stock entitled						250,000		0
Preferred stock, par value | $ / shares						$ 0.001		$ 0.001
Shares issued for services | $		$ 486,000				$ 486,000
Shares issued services, shares		300,000
Number of note holders | Note			1	2	1
Series A Preferred Stock [Member]
Stockholders' Equity (Textual)
Preferred stock entitled							250,000
Preferred stock, par value | $ / shares							$ 0.001
Preferred stock issued newly | $	$ 250
Preferred stock issued newly, shares	250,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jul. 31, 2015	Jul. 31, 2014
Income Taxes [Abstract]
Deferred tax benefit	$ 76,607	$ 34,000
Valuation allowance	$ (76,607)	$ (34,000)
Net deferred tax benefit

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Income Taxes (Textual)
Total valuation allowance	$ 65,369.08		$ 34,000
Taxable cumulative	$ 221,734
Tax rate	34.00%
Total deferred tax	$ 76,607	$ 34,000

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ in Millions	Aug. 10, 2015USD ($)Note
Subsequent Events (Textual)
Convertible effective percentage	50.00%
Convertible notes payable initial value	$ 4
Acquisition expense	$ 4
Number of convertible notes payable | Note	3