Madison (MDEX) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 30, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Madison Technologies Inc.
Entity Central Index Key	1,318,268
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 706,875
Entity Common Stock, Shares Outstanding		11,302,000
Trading Symbol	MDEX
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 501	$ 3,230
Total Assets	501	3,230
CURRENT LIABILITIES
Accounts payable and accrued liabilities	36,315	30,456
Notes Payable and accrued interest - Note 3	107,592	107,300
Convertible notes payable - Note 4	122,083	97,333
Related party advance - Note 5	261	261
TOTAL LIABILITIES	266,251	235,350
STOCKHOLDERS’ DEFICIT
Common Stock - Note 6 Par Value:$0.0001 Authorized 500,000,000 shares Issued and outstanding: 11,302,000 shares	11,302	11,302
Additional Paid in Capital	224,600	199,600
Accumulated other comprehensive income (loss)	3,109	(2,746)
Accumulated deficit	(504,761)	(440,276)
Total stockholders’ deficiency	(265,750)	(232,120)
Total liabilities and stockholders’ deficiency	$ 501	$ 3,230

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	11,302,000	11,302,000
Common stock, shares outstanding	11,302,000	11,302,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Revenues
Operating expenses
General and administrative	$ 33,588	$ 55,324
Operating expenses, total	33,588	55,324
Loss before other expense	(33,588)	(55,324)
Other expense - interest	(30,897)	(26,392)
Net loss	(64,485)	(81,716)
Other comprehensive income
Translation gain	5,854	3,068
Total comprehensive loss	$ (58,631)	$ (78,648)
Net loss per share - Basic and diluted	$ (0.005)	$ (0.007)
Average number of shares of common stock outstanding	11,302,000	11,302,000

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficiency - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Common Stock [Member]
Balance	$ 11,302	$ 11,302
Balance, shares	11,302,000	11,302,000
Foreign currency adjustments
Convertible debt - Note 4
Net Loss
Balance	$ 11,302	$ 11,302
Balance, shares	11,302,000	11,302,000
Additional Paid-In Capital [Member]
Balance	$ 199,600	$ 174,600
Foreign currency adjustments
Convertible debt - Note 4	$ 25,000	$ 25,000
Net Loss
Balance	$ 224,600	$ 199,600
Accumulated Other Comprehensive Income [Member]
Balance	(2,746)	(5,814)
Foreign currency adjustments	$ 5,855	$ 3,068
Convertible debt - Note 4
Net Loss
Balance	$ 3,109	$ (2,746)
Accumulated Deficit [Member]
Balance	$ (440,276)	$ (358,560)
Foreign currency adjustments
Convertible debt - Note 4
Net Loss	$ (64,485)	$ (81,716)
Balance	(504,761)	(440,276)
Balance	(232,120)	(178,472)
Foreign currency adjustments	5,855	3,068
Convertible debt - Note 4	25,000	25,000
Net Loss	(64,485)	(81,716)
Balance	$ (265,750)	$ (232,120)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from operating activities:
Net loss	$ (64,485)	$ (81,716)
Amortization of convertible debt discount recorded as interest	24,750	21,333
Changes assets and liabilities
Accounts payable and accruals	5,859	(1,386)
Net cash used in operating activities	$ (27,729)	(56,711)
Cash Flows from financing activities:
Notes payable		25,000
Proceeds of convertible notes payable	$ 25,000	25,000
Net Cash provided by financing activities	25,000	50,000
Net increase (decrease) in cash	(2,729)	(6,711)
Cash, beginning of period	3,230	9,941
Cash, end of period	501	3,230
SUPPLEMENTAL DISCLOSURE
Interest	$ 6,147	$ 5,058
Taxes paid

Nature and Continuance of Opera

Nature and Continuance of Operations	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	Note 1 Nature and Continuance of Operations The Company was incorporated on June 15, 1998 in the State of Nevada, USA and the Company’s common shares are publicly traded on the OTC Bulletin Board. Up until fiscal 2014, the Company was in the business of mineral exploration. On May 28, 2014, the Company formalized an agreement whereby it purchased assets associated with a smokeless cannabis delivery system. The Company planned to develop this system for commercial purposes. On December 14, 2014, this asset purchase agreement was terminated. On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. On March 11, 2015, the Company effectively changed its name from Madison Explorations, Inc. to Madison Technologies Inc. and effected the stock consolidation. These financial statements give retroactive effect to both these changes. These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and 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. At December 31, 2015, the Company had not yet achieved profitable operations, has accumulated losses of $504,761 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances. That said, there is no assurance of additional funding being available.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 Summary of Significant Accounting Policies a) Year end The Company has elected a December 31st fiscal year end. b) Cash and cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2015, the Company did not have any cash equivalents (2014 – $nil), and $0 was deposited in accounts that were federally insured (2014 - $0). c) Revenue Recognition The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured. d) Stock-Based Compensation The Company follows the guideline under FASB ASC Topic 718 “ Compensation-Stock Compensation e) Basic and Diluted Net Income (Loss) per Share The Company reports basic loss per share in accordance FASB ASC Topic 260, “ Earnings per share f) Comprehensive Income In accordance with FASB ASC Topic 220 “ Comprehensive Income g) Use of 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 amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable. h) Fair Value Measurements The Company follows FASB ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments”, i) Financial Instruments Fair Value The Company’s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short term nature. The fair value of the convertible notes payable is based on the fair value of both the host debt and the embedded equity component at the time of commitment. Based on the concept that a promissory note without any interest rate or any conversion feature would have no fair value, the total value of the instruments was allocated to the equity component and included in additional paid-in capital. The balance of nil was allocated to the host debt. The resulting discounts are being amortized to income over 60 months. Risks: Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk. Management, as well, does not believe the Company is exposed to significant interest rate risks during the period presented in these financial statements. The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above. j) Income Taxes The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered. Due to the uncertainty regarding the Company’s future profitability, the future tax benefits of its losses have been fully reserved. k) Impairment of Long-Lived Assets Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts. l) Foreign Currency Translation and Transactions The Company’s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows: Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations. The functional currency of the wholly owned subsidiary is Canadian dollars. The assets and liabilities arising from these operations are translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense is incurred. Resulting translation adjustments, if material, are accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders’ deficit while foreign currency transaction gains and losses are included in operations. m) Consolidation The consolidated financial statements include the accounts of the Company and its subsidiary, Scout Resources Inc. All significant inter-company balances and transactions have been eliminated. n) Recent Accounting Pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	Note 3 Notes Payable The Company has two notes payable to Paleface Holdings Inc. Each note is unsecured and payable on demand. a) $25,000 note with annual interest payable at 8%. As at December 31, 2015, accrued interest on the note was $21,797 (December 31, 2014 - $19,797). The note payable balance including accrued interest was $46,797 as at December 31, 2015 (December 31, 2014 - $44,797). Interest on the debt for each of the nine years ended December 31 was $2,000. b) $21,627 ($30,000 CDN) with annual interest payable at 5% As at December 31, 2015, accrued interest on the note was $9,462 (December 31, 2014 - $11,294). The note payable balance including accrued interest was $31,089 as at December 31, 2015 (December 31, 2014 - $35,793). Interest on debt for the year ended December 31 was $1,150 in 2015 and $1,349 in 2014. The company also has an unsecured note payable on demand to Gens Incognito Inc. for $25,000. As

Convertible Note Payable

Convertible Note Payable	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Convertible Note Payable	Note 4 Convertible Notes Payable In total there are eight convertible notes payable. All notes are non-interest bearing, unsecured and payable on demand. The notes are convertible into common stock at the discretion of the holder on four different conversion rate: $0.01 debt to 1 common share, $0.045 to 1; $0.005 to $1 and $0.15 to 1. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. There are four convertible notes payable convertible on the basis of $0.01 of debt to 1 common share. The balance of the first convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 40,000 $ 40,000 Value allocated to additional paid-in capital 40,000 40,000 Balance allocated to convertible note payable - - Amortized discount 40,000 40,000 Balance, convertible note payable $ 40,000 $ 40,000 The total discount of $40,000 was amortized over 5 years starting April, 2008. No interest was recorded in either the year ended December 31, 2015 or 2014. The balance of the second convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 20,000 $ 20,000 Value allocated to additional paid-in capital 20,000 20,000 Balance allocated to convertible note payable - - Amortized discount 20,000 18,000 Balance, convertible note payable $ 20,000 $ 18,000 The total discount of $20,000 was amortized over 5 years starting June, 2010. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2014, $2,000 was recorded as interest expense. No interest was recorded for the year ended December 31, 2015. The balance of the third convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 17,750 12,500 Balance, convertible note payable $ 17,750 $ 12,500 The total discount of $25,000 is being amortized over 5 years starting July, 2012. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2015 and 2014, $5,000 was recorded as interest expense. As at December 31, 2015 the unamortized discount is $7,500. The balance of the fourth convertible note payable convertible on the basis of $0.01 of debt to 1 common share at is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 13,750 8,750 Balance, convertible note payable $ 13,750 $ 8,750 The total discount of $25,000 is being amortized over 5 years starting April, 2013. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2015 and 2014, $5,000 was recorded as interest expense. As at December 31, 2015 the unamortized discount is $11,250. There are two convertible notes payable convertible on the basis of $0.005 of debt to 1 common share The balance of the first convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,500 7,500 Balance, convertible note payable $ 9,500 $ 7,500 The total discount of $10,000 is being amortized over 5 years starting April, 2011. Accordingly, the annual interest rate is 20% and for the years ended December 31, 2015 and 2014, $2,000 was recorded as interest expense. As at December 31, 2015, the unamortized discount is $500. The balance of the second convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,250 7,250 Balance, convertible note payable $ 9,250 $ 7,250 The total discount of $10,000 is being amortized over 5 years starting May, 2011. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2015 and 2014, $2,000 was recorded as interest expense. As at December 31, 2015, the unamortized discount is $750. There is one convertible notes payable convertible on the basis of $0.045 of debt to 1 common share The balance of this convertible note payable is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 8,333 3,333 Balance, convertible note payable $ 8,333 $ 3,333 The total discount of $25,000 is being amortized over 5 years starting May, 2014. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2015 $5,000 was recorded as interest expense. For the year ended December 31, 2014, $3,333 was recorded as interest expense. As at December 31, 2015 the unamortized discount was $16,667. There is one convertible notes payable convertible on the basis of $0.15 of debt to 1 common share The balance of this convertible note payable is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ - Value allocated to additional paid-in capital 25,000 - Balance allocated to convertible note payable - - Amortized discount 3,750 - Balance, convertible note payable $ 3,750 $ - The total discount of $25,000 is being amortized over 5 years starting April, 2015. Accordingly, the annual interest rate is 20% and for the year ended December 31, 2015 $3,750 was recorded as interest expense. As at December 31, 2015 the unamortized discount was $21,250.

Related Party Advance

Related Party Advance	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Advance	Note 5 Related Party Advance In 2008 the President advanced the Company $561 repayable without interest or any other terms. The unpaid balance as at December 31, 2015 is $261. There were no related party transactions during the year ended December 31, 2015.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Common Stock	Note 6 Common Stock On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. This was effected on March 11, 2015. This consolidation has been applied retroactively and all references to the number of shares issued reflect this consolidation. On June 15, 1998 the Company authorized and issued 5,375,000 shares of its common stock in consideration of $430 in cash. ($.00008 per share). On June 7, 2004 the Company issued 5,907,000 in consideration of $472 in cash. ($.00008 per share). On June 14, 2001 the Company approved a forward stock split of 5,000:1. These financial statements have been retroactively adjusted to effect this split. On March 30, 2006 the Company entered into a private placement agreement whereby the Company issued 20,000 Regulation-S shares in exchange for $50,000. ($2.50 per share). There are no shares subject to warrants, options or other agreements as December 31, 2015.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 7 Income Taxes Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows: December 31, 2015 December 31, 2014 Net income (loss) for the period $ (64,485 ) $ (81,716 ) Statutory and effective tax rates 26.0 % 26.0 % Income taxes expenses (recovery) at the effective rate $ (16,766 ) $ (21,246 ) Effect of permanent differences 6,435 5,547 Benefit not recognized 10,331 15,700 Income tax expense (recovery) and income tax liability (asset) $ - $ - As at December 31, 2015 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized. December 31, 2015 December 31, 2014 Tax loss carried forward $ 382,678 $ 342,943 Deferred tax assets $ 99,496 $ 89,165 Valuation allowance (99 496) (89,165 ) Deferred taxes recognized $ - $ - The tax losses will expire between 2016 and 2036.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Year End	a) Year end The Company has elected a December 31st fiscal year end.
Cash and Cash Equivalents	b) Cash and cash equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2015, the Company did not have any cash equivalents (2014 – $nil), and $0 was deposited in accounts that were federally insured (2014 - $0).
Revenue Recognition	c) Revenue Recognition The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.
Stock-Based Compensation	d) Stock-Based Compensation The Company follows the guideline under FASB ASC Topic 718 “ Compensation-Stock Compensation
Basic and Diluted Net Income (Loss) Per Share	e) Basic and Diluted Net Income (Loss) per Share The Company reports basic loss per share in accordance FASB ASC Topic 260, “ Earnings per share
Comprehensive Income	f) Comprehensive Income In accordance with FASB ASC Topic 220 “ Comprehensive Income
Use of Estimates	g) Use of 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 amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.
Fair Value Measurements	h) Fair Value Measurements The Company follows FASB ASC 820, “ Fair Value Measurements and Disclosures” Financial Instruments”,
Financial Instruments	i) Financial Instruments Fair Value The Company’s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short term nature. The fair value of the convertible notes payable is based on the fair value of both the host debt and the embedded equity component at the time of commitment. Based on the concept that a promissory note without any interest rate or any conversion feature would have no fair value, the total value of the instruments was allocated to the equity component and included in additional paid-in capital. The balance of nil was allocated to the host debt. The resulting discounts are being amortized to income over 60 months. Risks: Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk. Management, as well, does not believe the Company is exposed to significant interest rate risks during the period presented in these financial statements. The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.
Income Taxes	j) Income Taxes The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered. Due to the uncertainty regarding the Company’s future profitability, the future tax benefits of its losses have been fully reserved.
Impairment of Long-Lived Assets	k) Impairment of Long-Lived Assets Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.
Foreign Currency Translation and Transactions	l) Foreign Currency Translation and Transactions The Company’s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows: Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations. The functional currency of the wholly owned subsidiary is Canadian dollars. The assets and liabilities arising from these operations are translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense is incurred. Resulting translation adjustments, if material, are accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders’ deficit while foreign currency transaction gains and losses are included in operations.
Consolidation	m) Consolidation The consolidated financial statements include the accounts of the Company and its subsidiary, Scout Resources Inc. All significant inter-company balances and transactions have been eliminated.
Recent Accounting Pronouncements	n) Recent Accounting Pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

Convertible Note Payable (Table

Convertible Note Payable (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Convertible Notes Payable	The balance of the first convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 40,000 $ 40,000 Value allocated to additional paid-in capital 40,000 40,000 Balance allocated to convertible note payable - - Amortized discount 40,000 40,000 Balance, convertible note payable $ 40,000 $ 40,000 The balance of the second convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 20,000 $ 20,000 Value allocated to additional paid-in capital 20,000 20,000 Balance allocated to convertible note payable - - Amortized discount 20,000 18,000 Balance, convertible note payable $ 20,000 $ 18,000 The balance of the third convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 17,750 12,500 Balance, convertible note payable $ 17,750 $ 12,500 The balance of the fourth convertible note payable convertible on the basis of $0.01 of debt to 1 common share at is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 13,750 8,750 Balance, convertible note payable $ 13,750 $ 8,750 The balance of the first convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,500 7,500 Balance, convertible note payable $ 9,500 $ 7,500 The balance of the second convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,250 7,250 Balance, convertible note payable $ 9,250 $ 7,250 There is one convertible notes payable convertible on the basis of $0.045 of debt to 1 common share The balance of this convertible note payable is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 8,333 3,333 Balance, convertible note payable $ 8,333 $ 3,333 There is one convertible notes payable convertible on the basis of $0.15 of debt to 1 common share The balance of this convertible note payable is as follows: Dec 31, 2015 Dec 31, 2014 Balance Proceeds from promissory note $ 25,000 $ - Value allocated to additional paid-in capital 25,000 - Balance allocated to convertible note payable Amortized discount 3,750 - Balance, convertible note payable $ 3,750 $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Expense	Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows: December 31, 2015 December 31, 2014 Net income (loss) for the period $ (64,485 ) $ (81,716 ) Statutory and effective tax rates 26.0 % 26.0 % Income taxes expenses (recovery) at the effective rate $ (16,766 ) $ (21,246 ) Effect of permanent differences 6,435 5,547 Benefit not recognized 10,331 15,700 Income tax expense (recovery) and income tax liability (asset) $ - $ -
Schedule of Deferred Income Tax Asset	As at December 31, 2015 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized. December 31, 2015 December 31, 2014 Tax loss carried forward $ 382,678 $ 342,943 Deferred tax assets $ 99,496 $ 89,165 Valuation allowance (99 496) (89,165 ) Deferred taxes recognized $ - $ -

Nature and Continuance of Ope17

Nature and Continuance of Operations (Details Narrative) - USD ($)	Jan. 21, 2015	Dec. 31, 2015	Dec. 31, 2014
Common stock conversion basis	Issued and outstanding shares of common stock, on a 10 for 1 basis.
Common stock, shares issued		11,302,000	11,302,000
Common stock, shares outstanding		11,302,000	11,302,000
Accumulated losses		$ 504,761	$ 440,276
Minimum [Member]
Common stock, shares issued	11,302,000
Common stock, shares outstanding	11,302,000
Maximum [Member]
Common stock, shares issued	113,020,000
Common stock, shares outstanding	113,020,000

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Cash equivalents	$ 0	$ 0
Federally insured amount	$ 0	$ 0
Amortization period of discount	60 months

Notes Payable (Details Narrativ

Notes Payable (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015CAD
Interest on debt	$ 3,000
Gens Incognito Inc [Member]
Accrued interest on note	4,706	$ 1,709
Notes payable balance including accrued interest	29,706	26,709
Unsecured note payable	25,000
Notes Payable Annual Interest Payable At 8% [Member]
Notes payable	$ 25,000
Annual interest payable	8.00%
Accrued interest on note	$ 21,297	19,297
Notes payable balance including accrued interest	46,297	44,797
Interest on debt	2,000
Notes Payable Annual Interest Payable At 5% [Member]
Notes payable	$ 21,627
Annual interest payable	5.00%
Accrued interest on note	$ 9,462	11,294
Notes payable balance including accrued interest	31,089	35,793
Interest on debt	$ 1,150	$ 1,349
Notes Payable Annual Interest Payable At 5% [Member] | CDN [Member]
Notes payable | CAD			CAD 30,000

Convertible Note Payable (Detai

Convertible Note Payable (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)Notes	Dec. 31, 2014USD ($)
Number of convertible notes payable | Notes	8
Convertible notes descriptions	The notes are convertible into common stock at the discretion of the holder on four different conversion rate: $0.01 debt to 1 common share, $0.045 to 1; $0.005 to $1 and $0.15 to 1.
Amortization of debt discount	$ 24,750	$ 21,333
Interest expense debt	3,000
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 40,000	$ 40,000
Amortization period of discount	5 years	5 years
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 20,000	$ 20,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 2,000	$ 2,000
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 25,000	$ 25,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 5,000	$ 5,000
Unamortized discount	7,500
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 25,000	$ 25,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 5,000	$ 5,000
Unamortized discount	11,250
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 10,000	$ 10,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 2,000	$ 2,000
Unamortized discount	500
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 10,000	$ 10,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 2,000	$ 2,000
Unamortized discount	750
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 25,000	$ 25,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 5,000	$ 3,333
Unamortized discount	16,667
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member]
Amortization of debt discount	$ 25,000	$ 25,000
Amortization period of discount	5 years	5 years
Annual interest rate of debt	20.00%	20.00%
Interest expense debt	$ 3,750
Unamortized discount	$ 21,250

Convertible Note Payable - Sche

Convertible Note Payable - Schedule of Convertible Notes Payable (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Proceeds from promissory note	$ 40,000	$ 40,000
Value allocated to additional paid-in capital	$ 40,000	$ 40,000
Balance allocated to convertible note payable
Amortized discount	$ 40,000	$ 40,000
Balance, convertible note payable	40,000	40,000
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Proceeds from promissory note	20,000	20,000
Value allocated to additional paid-in capital	$ 20,000	$ 20,000
Balance allocated to convertible note payable
Amortized discount	$ 20,000	$ 18,000
Balance, convertible note payable	20,000	18,000
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Proceeds from promissory note	25,000	25,000
Value allocated to additional paid-in capital	$ 25,000	$ 25,000
Balance allocated to convertible note payable
Amortized discount	$ 17,750	$ 12,500
Balance, convertible note payable	17,750	12,500
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Proceeds from promissory note	25,000	25,000
Value allocated to additional paid-in capital	$ 25,000	$ 25,000
Balance allocated to convertible note payable
Amortized discount	$ 13,750	$ 8,750
Balance, convertible note payable	13,750	8,750
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Proceeds from promissory note	10,000	10,000
Value allocated to additional paid-in capital	$ 10,000	$ 10,000
Balance allocated to convertible note payable
Amortized discount	$ 9,500	$ 7,500
Balance, convertible note payable	9,500	7,500
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Proceeds from promissory note	10,000	10,000
Value allocated to additional paid-in capital	$ 10,000	$ 10,000
Balance allocated to convertible note payable
Amortized discount	$ 9,250	$ 7,250
Balance, convertible note payable	9,250	7,250
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member]
Proceeds from promissory note	25,000	25,000
Value allocated to additional paid-in capital	$ 25,000	$ 25,000
Balance allocated to convertible note payable
Amortized discount	$ 8,333	$ 3,333
Balance, convertible note payable	8,333	$ 3,333
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member]
Proceeds from promissory note	25,000
Value allocated to additional paid-in capital	$ 25,000
Balance allocated to convertible note payable
Amortized discount	$ 3,750
Balance, convertible note payable	$ 3,750

Convertible Note Payable - Sc22

Convertible Note Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Debt conversion price per share	$ 0.01	$ 0.01
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.01	0.01
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.01	0.01
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.01	0.01
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.005	0.005
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.005	0.005
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member]
Debt conversion price per share	0.045	0.045
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member]
Debt conversion price per share	$ 0.15	$ 0.15

Related Party Advance (Details

Related Party Advance (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2008
Related party transaction
President [Member]
Related party advance due		$ 561
Related party unpaid balance	$ 261

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Jan. 21, 2015	Mar. 30, 2006	Jun. 07, 2004	Jun. 14, 2001	Jun. 15, 1998	Dec. 31, 2015	Dec. 31, 2014
Common stock conversion basis	Issued and outstanding shares of common stock, on a 10 for 1 basis.
Common stock, shares issued						11,302,000	11,302,000
Common stock, shares outstanding						11,302,000	11,302,000
Common shares issued for cash, shares			5,907,000		5,375,000
Common shares issued for cash			$ 472		$ 430
Issuance of stock, price per share		$ 2.50	$ 0.00008		$ 0.00008
Forward stock split ratio				Forward stock split of 5,000:1
Number of shares issued in private placement agreement		20,000
Number of shares issued in private placement agreement exchange value		$ 50,000
Maximum [Member]
Common stock, shares issued	113,020,000
Common stock, shares outstanding	113,020,000
Minimum [Member]
Common stock, shares issued	11,302,000
Common stock, shares outstanding	11,302,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax losses expiration period	expire between 2016 and 2036.

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net income (loss) for the period	$ (64,485)	$ (81,716)
Statutory and effective tax rates	26.00%	26.00%
Income taxes expenses (recovery) at the effective rate	$ (16,766)	$ (21,246)
Effect of permanent differences	6,435	5,547
Benefit not recognized	$ 10,331	$ 15,700
Income tax expense (recovery) and income tax liability (asset)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Tax Asset (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Tax loss carried forward	$ 382,678	$ 342,943
Deferred tax assets	99,496	89,165
Valuation allowance	$ (99,496)	$ (89,165)
Deferred taxes recognized