Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 12, 2013 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Nogal Energy, Inc. | ' |
Entity Central Index Key | '0001365748 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'No | ' |
Is Entity's Reporting Status Current? | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 16,834,393 |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Balance_Sheets
Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets: | ' | ' |
Cash | ' | $177 |
Other receivable | ' | 8,541 |
Total current assets | ' | 8,718 |
Total assets | ' | 8,718 |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities | 413,064 | 398,779 |
Accounts payable and accrued liabilities- related party | 45,710 | 127,867 |
Notes payable | 20,000 | 45,000 |
Notes payable - related party | 179,352 | ' |
Line of credit | 97,500 | 97,500 |
Convertible notes payable, net | 100,000 | 202,215 |
Accrued interest | 144,037 | 115,758 |
Accrued interest - related party | 8,334 | ' |
Total current liabilities | 1,007,997 | 987,119 |
Total liabilities | 1,007,997 | 987,119 |
Commitments and Contingencies | ' | ' |
Shareholders' deficit: | ' | ' |
Common stock par value $.001, 1,000,000,000 shares authorized, 16,834,393 and 1,834,393 issued and outstanding, respectively | 16,834 | 1,834 |
Additional paid-in-capital | 3,738,969 | 3,145,040 |
Deficit accumulated during the development stage | -4,763,800 | -4,125,275 |
Total shareholders' deficit | -1,007,997 | -978,401 |
Total liabilities and shareholders' deficit | $0 | $8,718 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Shareholders' deficit: | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 16,834,393 | 1,834,393 |
Common stock, shares outstanding | 16,834,393 | 1,834,393 |
Statements_of_Operations
Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | 70 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Operating expenses: | ' | ' | ' | ' | ' |
Professional fees | $637,861 | $25,400 | $729,408 | $119,449 | $1,224,832 |
Impairment of oil and gas properties | ' | ' | ' | ' | 1,984,383 |
General and administrative expenses | 575 | 35,796 | 9,801 | 159,051 | 816,010 |
Total operating expenses | 638,436 | 61,196 | 739,209 | 278,500 | 4,025,225 |
Other expense: | ' | ' | ' | ' | ' |
Loss on investment in Quad Energy | ' | ' | ' | ' | -500,000 |
Forgiveness of debt | 142,005 | ' | 142,005 | ' | 311,049 |
Interest expense | -13,667 | -44,011 | -38,631 | -219,537 | -331,899 |
Interest expense - related party | -2,690 | ' | -2,690 | -22,438 | -217,725 |
Total other expense | 125,648 | -44,011 | 100,684 | -241,975 | -738,575 |
Net Loss | ($512,788) | ($105,207) | ($638,525) | ($520,475) | ($4,763,800) |
Per share information: | ' | ' | ' | ' | ' |
Basic and diluted loss per common share | ($0.05) | ($0.08) | ($0.13) | ($0.56) | ' |
Weighted average shares outstanding | 10,475,697 | 1,299,053 | 4,746,481 | 928,385 | ' |
Statement_of_Shareholders_Equi
Statement of Shareholder's Equity/(Deficit) (USD $) | Common Stock | Additional Paid-in-Capital | Deficit Accumulated During Development Stage | Total |
Balance at Dec. 11, 2007 | $0 | $1,984,383 | ' | ' |
Balance (in shares) at Dec. 11, 2007 | 0 | ' | ' | ' |
Net loss | ' | ' | ' | ' |
Balance at Dec. 31, 2010 | 0 | 1,984,383 | ' | 1,984,383 |
Balance (in shares) at Dec. 31, 2010 | 0 | ' | ' | ' |
Reverse Merger | 349 | -3,527,925 | ' | -3,527,576 |
Reverse Merger (in shares) | 349,227 | ' | ' | ' |
Conversion of debentures | 43 | 80,750 | ' | 80,793 |
Conversion of debentures (in shares) | 43,301 | ' | ' | ' |
Common stock issued for services | 1 | 36,599 | ' | 36,600 |
Common stock issued for services (in shares) | 1,220 | ' | ' | ' |
Common stock and warrants issued | 4 | 50,396 | ' | 50,400 |
Common stock and warrants issued (in shares) | 4,200 | ' | ' | ' |
Stock compensation expense | ' | 273,186 | ' | 273,186 |
Net loss | ' | ' | -3,786,993 | -3,786,993 |
Balance at Dec. 31, 2011 | 397 | -1,102,611 | -3,786,993 | -4,889,207 |
Balance (in shares) at Dec. 31, 2011 | 397,948 | ' | ' | ' |
Conversion of debentures | 1,437 | 4,110,117 | ' | 4,111,554 |
Conversion of debentures (in shares) | 1,436,445 | ' | ' | ' |
Stock compensation expense | ' | 137,534 | ' | 137,534 |
Net loss | ' | ' | -338,282 | -338,282 |
Balance at Dec. 31, 2012 | 1,834 | 3,145,040 | -4,125,275 | -978,401 |
Balance (in shares) at Dec. 31, 2012 | 1,834,393 | ' | ' | ' |
Common stock issued for services | 15,000 | 585,000 | ' | 600,000 |
Common stock issued for services (in shares) | 15,000,000 | ' | ' | ' |
Stock compensation expense | ' | ' | ' | 8,929 |
Net loss | ' | ' | -638,525 | -638,525 |
Balance at Sep. 30, 2013 | $16,834 | $3,738,969 | ($4,763,800) | ($1,007,997) |
Balance (in shares) at Sep. 30, 2013 | 16,834,393 | ' | ' | ' |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 9 Months Ended | 70 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Cash flows used in operating activities: | ' | ' | ' |
Net loss | ($638,525) | ($520,475) | ($4,763,800) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Debt discount amortization | ' | 150,914 | 216,561 |
Loss on investment in Quad Energy | ' | ' | 500,000 |
Impairment of oil and gas properties | ' | ' | 1,984,383 |
Stock issued for services | 600,000 | ' | 636,600 |
Forgiveness of debt | -142,005 | ' | -311,049 |
Stock compensation | 8,929 | 101,819 | 419,649 |
Changes in assets and liabilities: | ' | ' | ' |
Other receivable | 121 | -4,067 | ' |
Accounts payable and accrued liabilities | 32,136 | 44,674 | 413,064 |
Accounts payable and accrued liabilities - related party | 45,710 | -1,451 | 45,710 |
Accrued interest | 32,986 | 122,258 | 144,037 |
Accrued interest - related party | 8,334 | ' | 8,334 |
Net cash used in operating activities | -52,314 | -106,328 | -706,511 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from issuance of short term notes | ' | ' | 20,000 |
Proceeds from issuance of short term notes - related party | 52,137 | ' | 179,352 |
Proceeds from line of credit | ' | 75,000 | 97,500 |
Proceeds from convertible promissory notes | ' | 30,000 | 359,259 |
Proceeds from issuance of common stock and warrants | ' | ' | 50,400 |
Net cash provided by financing activities | 52,137 | 105,000 | 706,511 |
Net decrease in cash and cash equivalents | -177 | -1,328 | ' |
Cash and cash equivalents at the beginning of the year | 177 | 1,581 | ' |
Cash and cash equivalents at the end of the year | ' | 253 | ' |
Supplemental disclosures of cash flow information: | ' | ' | ' |
Cash paid for interest expense | ' | ' | ' |
Cash paid for income taxes | ' | ' | ' |
Non-cash activities: | ' | ' | ' |
Debt and interest converted to equity | ' | $4,098,680 | $4,192,347 |
Organization_Nature_of_Operati
Organization - Nature of Operations | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization - Nature of Operations | ' |
Organization – Nature of Operations | |
Nogal Energy, Inc. (the “Company” or “Nogal”) was incorporated under the laws of the State of Nevada on May 19, 2006, as Coastal Media Inc. The Company was originally formed to engage in the business of manufacturing, marketing, distributing and selling its marine DVDs. | |
On September 11, 2008, the Company amended its Articles of Incorporation to change its name from "Coastal Media Inc." to "Blugrass Energy Inc.", to reflect the change in direction of the Company’s business to the Oil and Gas Industry. As a result of the name change, the Company’s trading symbol was changed to “BLUG”. | |
On February 23, 2011, Petro Grande, LLC (“Petro Grande”) consummated a transaction with Blugrass whereby Petro Grande acquired a controlling interest in Blugrass. This transaction effected a change of control and Blugrass’ management team was replaced with Petro Grande’s management team. Upon the reverse merger on February 23, 2011 the inception date of the Company changed to December 11, 2007, the date of the acquisition of the lease by Petro Grande, LLC. | |
On July 17, 2013, the Company amended its Articles of Incorporation to change its name from “Blugrass Energy, Inc.” to “Nogal Energy, Inc.”. | |
On July 17, 2013, the Company filed a Certificate of Change regarding a 1 for 200 shares reverse stock split. The split was effective August 12, 2013, and in September the stock symbol changed to “NGLE”. The accompanying financial statements reflect retroactive application of the split. | |
On August 9, 2013 the Company issued 15,000,000 shares of common stock as compensation for services. The issuance resulted in change of control of the Company. | |
The Company is in the development stage. Its activities to date have been limited to capital formation, organization and development of its business plan. | |
The Company has not earned revenues from planned operations. Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Company”. Among the disclosures required are that the Company’s financial statements of operations, shareholders’ equity / (deficit) and cash flows disclose activity since the date of the Company’s inception. | |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
The Financial Statements are unaudited. As permitted under the Securities and Exchange Commission (“SEC”) requirements for interim reporting, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. We believe that these financial statements include all necessary and recurring adjustments for the fair presentation of the interim period results. These financial statements should be read in conjunction with the Financial Statements and related notes included in our annual report on Form 10-K for the fiscal year ended December 31, 2012. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results to be expected for the year ending December 31, 2013. | |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
Summary of Significant Accounting Policies | |
Use of Estimates – The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting periods. Key estimates in the accompanying financial statements include, among others, revenue recognition, allowances for doubtful accounts, valuation of long-lived assets, and deferred income tax asset valuation allowances. | |
Cash Equivalents – The Company considers all highly-liquid investments with a maturity of three months or less, when purchased, to be cash equivalents. | |
Loss Per Share - Loss per share requires dual presentation of basic and diluted earnings or loss per share (EPS) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. | |
Income Taxes – The Company has adopted ASC 740 “Accounting for Uncertainty in Income Taxes” which prescribes a comprehensive model of how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken or expects to take on a tax return. ASC 740 states that a tax benefit from an uncertain position may be recognized if it is "more likely than not" that the position is sustainable, based upon its technical merits. The tax benefit of a qualifying position is the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information. | |
The Company may, from time to time, be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to the Company’s financial results. In the event the Company receives an assessment for interest and penalties, it has been classified in the consolidated financial statements as income tax expense. Generally, the Company’s federal, state, and local tax returns for years subsequent to 2008 remain open to examination by the major taxing jurisdictions to which the Company is subject. | |
Fair Value of Financial Instruments - The Company calculates the fair value of its assets and liabilities which qualify as financial instruments and includes this information in the notes to financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of accounts receivable and accounts payable approximate the carrying amounts due to the relatively short maturity of these instruments. The carrying value of short and long-term debt also approximates fair value since these instruments bear market rates of interest. None of these instruments are held for trading purposes. | |
Going_Concern
Going Concern | 9 Months Ended |
Sep. 30, 2013 | |
Going Concern | ' |
Going Concern | ' |
Going Concern | |
The Company’s financial statements for the three and nine months ended September 30, 2013 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported a net loss of $638,525 for the nine months ended September 30, 2013, and an accumulated deficit during the development stage of $4,763,800 as of September 30, 2013. At September 30, 2013, the Company had a working capital deficit of $1,007,997 and the Company had no revenues from its activities during the nine months ended September 30, 2013. | |
The Company’s ability to continue as a going concern may be dependent on the success of management’s plan. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. | |
During the 2013 fiscal year, the Company intends to continue its efforts to acquire, merge, or purchase oil field services companies. The Company intends to continue to raise funds to support the efforts through the sale of equity and/or debt securities. | |
To the extent the Company’s operations are not sufficient to fund the Company’s capital requirements, the Company may attempt to enter into a revolving loan agreement with financial institutions or attempt to raise capital through the sale of additional capital stock or through the issuance of debt. At the present time, the Company does not have a revolving loan agreement with any financial institution nor can the Company provide any assurance that it will be able to enter into any such agreement in the future or be able to raise funds through the further issuance of debt or equity in the Company. | |
Notes_Payable
Notes Payable | 9 Months Ended |
Sep. 30, 2013 | |
Debt Disclosure [Abstract] | ' |
Notes Payable | ' |
Notes Payable | |
On May 12, 2011 the Company issued an unsecured note payable in the amount of $20,000 (the “Ladner Note”). The Ladner Note matured on August 31, 2011, and is considered to be in default. The note includes a “bonus payment” of $2,500 due at maturity. | |
Line_of_Credit
Line of Credit | 9 Months Ended |
Sep. 30, 2013 | |
Debt Disclosure [Abstract] | ' |
Line of Credit | ' |
Line of Credit | |
On October 7, 2011, the Company entered into an unsecured Line of Credit with a third party for up to $100,000. The Line of Credit carries an interest rate of 12% per annum on amounts outstanding and matured on October 7, 2012. The Line of Credit is in default, the interest rate on the Line of Credit is the lower of 14% per annum or the maximum amount allowed by law. As of September 30, 2013 and December 31, 2012, the Company had $97,500 outstanding under the Line of Credit. The amount is outstanding as of September 30, 2013, and is considered to be in default. | |
Convertible_Promissory_Notes
Convertible Promissory Notes | 9 Months Ended |
Sep. 30, 2013 | |
Debt Disclosure [Abstract] | ' |
Convertible Promissory Notes | ' |
Convertible Promissory Notes | |
As of September 30, 2013 Convertible Promissory Notes totaling $100,000 were in payment default and, accordingly, accrued interest at a rate of 18%. | |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related Party Transactions | |
On November 19, 2012, the Company issued an unsecured promissory note to Excellere Capital Group LLC in the amount of $25,000 (the “$25K Excellere Note”). The $25,000 Excellere Note accrues interest at the rate of 6% per annum. The maturity of the $25,000 Excellere Note has been extended to December 31, 2013. | |
On November 19, 2012, the Company issued an unsecured promissory note to Excellere Capital Group LLC in the amount of $102,215 (the “$102,215 Excellere Note”). The $102,215 Excellere Note accrues interest at the rate of 6% per annum. The maturity of the $102,215 Excellere Note has been extended to December 31, 2013. | |
On March 10, 2013, the Company issued an unsecured promissory note to Excellere Capital Group LLC in the amount of $52,137 (the “$52,137 Excellere Note”). The $52,137 Excellere Note accrues interest at the rate of 6% per annum. The maturity of the $52,137 Excellere Note has been extended to December 31, 2013. | |
On August 9, 2013, the Company issued 15,000,000 shares of Common Stock, as compensation for consulting services, to Excellere Capital Group, LLC. Transaction was valued at $600,000, based on the closing price of the stock on the date of issue. The issuance resulted in change of control of the Company, with Excellere Capital Group, LLC being an 89.1% owner of the Company’s Common Stock on the date of issue. | |
In accordance with agreements, upon the change in control, certain debt to previous owners, officers and directors was forgiven. $127,867 of Accounts payable – related party, $17,851 of Accounts payable and accrued liabilities, and $4,707 of accrued interest, were written off on August 9, 2013. $8,420 of Other receivable were offset against the write-off. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Use of Estimates | ' |
Use of Estimates – The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales and expenses during the reporting periods. Key estimates in the accompanying financial statements include, among others, revenue recognition, allowances for doubtful accounts, valuation of long-lived assets, and deferred income tax asset valuation allowances. | |
Cash Equivalents | ' |
Cash Equivalents – The Company considers all highly-liquid investments with a maturity of three months or less, when purchased, to be cash equivalents. | |
Loss Per Share | ' |
Loss Per Share - Loss per share requires dual presentation of basic and diluted earnings or loss per share (EPS) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. | |
Income Taxes | ' |
Income Taxes – The Company has adopted ASC 740 “Accounting for Uncertainty in Income Taxes” which prescribes a comprehensive model of how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken or expects to take on a tax return. ASC 740 states that a tax benefit from an uncertain position may be recognized if it is "more likely than not" that the position is sustainable, based upon its technical merits. The tax benefit of a qualifying position is the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information. | |
The Company may, from time to time, be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to the Company’s financial results. In the event the Company receives an assessment for interest and penalties, it has been classified in the consolidated financial statements as income tax expense. Generally, the Company’s federal, state, and local tax returns for years subsequent to 2008 remain open to examination by the major taxing jurisdictions to which the Company is subject. | |
Fair Value of Financial Instruments | ' |
Fair Value of Financial Instruments - The Company calculates the fair value of its assets and liabilities which qualify as financial instruments and includes this information in the notes to financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of accounts receivable and accounts payable approximate the carrying amounts due to the relatively short maturity of these instruments. The carrying value of short and long-term debt also approximates fair value since these instruments bear market rates of interest. None of these instruments are held for trading purposes. | |
Organization_Nature_of_Operati1
Organization - Nature of Operations (Details Narrative) | 1 Months Ended | |
Aug. 31, 2013 | Jul. 31, 2013 | |
Organization - Nature Of Operations Details Narrative | ' | ' |
Reverse stock split description | ' | ' |
1 for 200 shares reverse stock split effective August 12, 2013 | ||
Shares of stock issued as compensation for services | 15,000,000 | ' |
Going_Concern_Details_Narrativ
Going Concern (Details Narrative) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 70 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | |
Going Concern Details Narrative | ' | ' | ' | ' | ' | ' | ' |
Net loss during period | $512,788 | $105,207 | $638,525 | $520,475 | $338,282 | $3,786,993 | $4,763,800 |
Accumulated deficit during development stage | 4,763,800 | ' | 4,763,800 | ' | 4,125,275 | ' | 4,763,800 |
Working capital deficit | 1,007,997 | ' | 1,007,997 | ' | 978,401 | ' | 1,007,997 |
Revenues during period | ' | ' | $0 | ' | ' | ' | ' |
Notes_Payable_Details_Narrativ
Notes Payable (Details Narrative) (Ladner Note, USD $) | 1 Months Ended | |
31-May-11 | 12-May-11 | |
Ladner Note | ' | ' |
Note payable | ' | $20,000 |
Maturity date | 31-Aug-11 | ' |
Bonus payment due at maturity | ' | 2,500 |
Amount of notes in default | ' | $20,000 |
Line_of_Credit_Details_Narrati
Line of Credit (Details Narrative) (Line of Credit, USD $) | 1 Months Ended | ||
Oct. 31, 2011 | Sep. 30, 2013 | Oct. 07, 2011 | |
Line of Credit | ' | ' | ' |
Line of Credit | ' | ' | $100,000 |
Interest rate | ' | ' | 12.00% |
Maturity date | 7-Oct-12 | ' | ' |
Interest rate in event of default | ' | ' | 14.00% |
Amount of notes in default | ' | $97,500 | ' |
Convertible_Promissory_Notes_D
Convertible Promissory Notes (Details Narrative) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Convertible promissory notes balance | $100,000 | $202,215 |
Convertible Promissory Notes | ' | ' |
Convertible promissory notes balance | 100,000 | ' |
Amount of notes in default | $100,000 | ' |
Note in default interest rate | 18.00% | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details Narrative) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 70 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | ||||||||
Aug. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Aug. 09, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Nov. 30, 2012 | Nov. 19, 2012 | Mar. 31, 2013 | Mar. 10, 2013 | Nov. 30, 2012 | Nov. 19, 2012 | |
Accounts Payable - Related Party | Accounts Payable and Accrued Liabilities | Accrued Interest | Other Receivable | 25K Excellere Note | 25K Excellere Note | 52K Excellere Note | 52K Excellere Note | 102K Excellere Note | 102K Excellere Note | ||||||
Annual interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.00% | ' | 6.00% | ' | 6.00% |
Note payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $25,000 | ' | $52,137 | ' | $102,215 |
Maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Dec-13 | ' | 31-Dec-13 | ' | 31-Dec-13 | ' |
Shares of stock issued as compensation for consulting services | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Value of shares issued as compensation for consulting services | 600,000 | ' | 600,000 | 636,600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership percentage acquired by related party upon issuance of stock for services | ' | ' | ' | ' | 89.10% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Forgiveness of debt | ' | $142,005 | $142,005 | $311,049 | ' | $127,867 | $17,851 | $4,707 | ($8,420) | ' | ' | ' | ' | ' | ' |