Double Crown Resources (DDCC) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document And Entity Information	'	'
Entity Registrant Name	'DOUBLE CROWN RESOURCES INC.	'
Entity Central Index Key	'0001366407	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
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	'	490,541,815
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

CONSOLIDATED_BALANCE_SHEET

CONSOLIDATED BALANCE SHEET (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets	'	'
Cash	$13,009	$43,151
Total current assets	13,009	43,151
Fixed Assets-Net	39,376	37,539
Total Assets	52,385	80,690
Current liabilities	'	'
Accounts payable and accrued expenses	777,215	46,150
Unearned Revenue	11,000	'
Accounts payable- disputed	77,998	77,998
Disputed Liability - Related Party (Notes 8)	563,206	563,206
Accrued Interest - Related Party (Notes 8)	251,678	189,075
Note payable- related party (Note 8)	132,382	132,382
Debt- related parties (Note 6)	141,826	128,762
Note Payable-Auto (Note 9)	7,210	3,830
Total current liabilities	1,962,515	1,141,403
Unearned Revenue and Deposit Payable	168,500	'
Note Payable-Auto (Note 9)	9,390	7,341
Mineral prospect obligation (Note 5)	145,169	133,991
Debt- long term (Note 5)	28,000	30,000
Total Long Term Liabilities	351,059	171,332
Total liabilities	2,313,574	1,312,735
STOCKHOLDERS' DEFICIT	'	'
Common stock; 500,000,000 shares authorized at $0.001 par value; 485,241,815 and 438,615,065 shares issued and outstanding, respectively	485,242	438,615
Stock subscription payable	101,000	6,000
Unearned Stock for Services	-43,166	'
Additional paid-in capital	6,846,770	5,898,957
Deficit accumulated during exploration stage	-9,651,035	-7,575,617
Total Stockholders' Deficit	-2,261,189	-1,232,045
Total Liabilities and Stockholders' Deficit	$52,385	$80,690

CONSOLIDATED_BALANCE_SHEET_Par

CONSOLIDATED BALANCE SHEET (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
STOCKHOLDERS' DEFICIT	'	'
Common stock, par value	$0.00	$0.00
Common stock, Authorized	500,000,000	500,000,000
Common stock, Issued	485,241,815	438,615,065
Common stock, outstanding	485,241,815	438,615,065

CONSOLIDATED_STATEMENT_OF_OPER

CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		102 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Consolidated Statement Of Operations	'	'	'	'	'
Revenues	$2,750	'	$5,500	'	$5,500
Costs of Services	'	'	'	'	'
Gross Margin	2,750	'	5,500	'	5,500
Operating Expenses:	'	'	'	'	'
Impairment of mineral property acquisition costs	'	'	'	'	70,250
Impairment of prepaid royalties	'	'	'	'	124,795
Professional fees	522,466	1,489,307	1,155,460	3,601,605	6,216,272
Office - general expenses	24,869	76,017	798,863	290,923	1,617,481
General expenses - related party	33,080	16,702	43,080	62,577	889,103
Total Operating Expenses	580,415	1,582,026	1,997,403	3,954,475	8,917,901
Operating Loss	-577,665	-1,582,026	-1,991,903	-3,954,475	-8,912,401
Other (Income) Expense:	'	-48,000	'	-48,000	'
Interest Expense	4,322	3,725	12,847	11,177	52,880
Interest Expense - related party	23,556	23,555	70,668	70,667	287,130
(Gain) on Debt Cancellation/Civil Gain Contingency	'	'	'	'	238,875
Financing cost - related party	'	'	'	'	159,749
Total Other Expenses	27,878	-20,720	83,515	33,844	738,634
Net Loss Before Income Taxes	-605,543	-1,561,306	-2,075,418	-3,988,319	-9,651,035
Income Tax	'	'	'	'	'
Net Loss	($605,543)	($1,561,306)	($2,075,418)	($3,988,319)	($9,651,035)
Loss per Share, Basic & Diluted	$0	$0	$0	($0.01)	'
Weighted Average Shares Outstanding	485,635,981	341,051,021	475,217,921	288,634,243	'

CONSOLIDATED_STATEMENT_OF_CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	9 Months Ended		102 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
CASH FLOW FROM OPERATING ACTIVITES:	'	'	'
Net Loss for the Period	($2,075,418)	($3,988,319)	($9,651,035)
Adjustments to reconcile net loss from operations	'	'	'
Depreciation	10,023	'	12,387
Shares issued for services	444,440	3,322,100	5,080,157
Forgiveness of Debt/Impairment of Property rights	'	'	12,250
Impairment of prepaid royalties	'	'	134,200
Beneficial conversion feature	'	'	39,715
Civil claim contingency	'	-48,000	286,875
Financing cost of warrants issued	'	'	120,034
Change in Operating Assets and Liabilities	'	'	'
Deposits	179,500	-15,550	179,500
Increase (decrease) in accounts payable	731,065	3,000	777,215
Increase in accrued interest	11,178	11,177	54,695
Increase in accrued interest to a related party	70,667	70,667	259,742
Increase (decrease) in accounts payable- related party	'	'	734,034
Increase (decrease) in debt	8,429	-1,349	30,248
Net cash used in Operating Activities	-620,116	-646,274	-1,929,983
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Purchase of Assets	-11,860	-27,834	-61,762
Net Cash used in Investing Activities	-11,860	-27,834	-61,762
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceed from convertible debt	'	'	'
Proceeds from subscriptions payable	95,000	'	101,000
Proceeds from issuance of common stock	550,000	100,000	1,946,920
Proceeds from subscriptions receivable	-43,166	590,350	-43,166
Net Cash provided by Financing Activities	601,834	690,350	2,004,754
Net Increase (Decrease) in Cash	-30,142	16,242	13,009
Cash at Beginning of Period	43,151	3,273	'
Cash at End of Period	13,009	19,515	13,009
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'	'
Cash paid for interest	1,669	'	377
Cash paid for franchise and income taxes	'	'	'
NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Accounts payable for mineral property	'	'	5,000
Convertible debt issued for mineral property	'	'	50,000
Expenses paid on Company's behalf by related parties	'	'	357,956
Proceeds from Private Placement (paid to related parties)	'	'	40,000
Shares payable for mineral property	'	'	5,250
Shares issued for Services to be Rendered in the Future	43,166	'	24,000
Shares issued for Services	444,440	'	'
Shares issued for conversion of debt	'	'	$65,200

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	'
	Double Crown Resources, Inc. ("Double Crown Resources" or the "Company") was organized under the laws of the State of Nevada on March 23, 2006 to explore mining claims and property in North America.
	Basis of Presentation
	These financial statements are presented in United States dollars and have been prepared in accordance with United States generally accepted accounting principles include the accounts of the Company and its wholly owned subsidiary DDCC Marketing Group, LLC. All intercompany transactions have been eliminated in consolidation.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 2 - GOING CONCERN	'
	The Company’s financial statements as of September 30, 2014 have been prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company has incurred a cumulative net loss from inception (March 23, 2006) through September 30, 2014 of $9,651,035.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related 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.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Cash and cash equivalents
	The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.
	Net Loss per Share
	Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share". Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
	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 reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Management believes that the estimates used are reasonable.
	In Management's opinion all adjustments necessary for a fair statement of the results for the interim periods have been made. All adjustments are normal and recurring.
	Reclassifications
	Certain prior year balances have been reclassified to conform to the current year presentation.
	Revenue Recognition
	The Company recognizes revenue on an accrual basis. Revenue is generally realized or realizable and earned when all of the following criteria are met: 1) persuasive evidence of an arrangement exists between the Company and our customer(s); 2) services have been rendered; 3) our price to our customer is fixed or determinable; and 4) collectability is reasonably assured.
	Fair value of financial instruments
	The carrying value of cash equivalents and accrued expenses approximates fair value due to the short period of time to maturity.
	Recently issued accounting pronouncements
	In July 2013, the FASB issued Accounting Standards Update 2013-11 Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry-forward, a Similar Tax Loss, or a Tax Credit Carry-forward Exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carry-forward, a similar tax loss or a tax credit carry-forward, except as follows. To the extent a net operating loss carry-forward, a similar tax loss or a tax credit carry-forward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carry-forward, a similar tax loss, or a tax credit carry-forward exists at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.
	In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities , which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.
	The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

FIXED_ASSETS

FIXED ASSETS	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note- 4 FIXED ASSETS	'
	At September 30, 2014 the Company had the following fixed assets:
	Computers and Furniture and Fixtures	$	25,913
	Autos		25,850
	Total		51,763
	Less Accumulated Depreciation		(12,387	)
	Net		39,376
	Depreciation was $10,023 for the period ended September 30, 2014. Computers will be depreciated over the straight line method over 3 to 5 years, furniture over 5-7 years and auto’s over 3years.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 5 - DEBT	'
	Mineral Prospect Obligation
	Effective on February 9, 2011 the company entered into an agreement between the Company and Richard and Gloria Kwiatkowski (“the Seller”). The Option provides for the development of 136 claim units covering a series of nickel-colbalt-gold-platinum group element prospects, which prospects are located 35 kilometers northwest of Thunder Bay, Ontario (the “Prospects”).
	In accordance with the terms and provisions of the Option: (i) upon execution of certain documentation and transfer of title, the Company paid $5,000 and issued 250,000 shares of common stock to the Kwiatkowskis; (ii) at the end of year one, February 9, 2012, the Company issued Kwiatkowskis 512,821 shares as payment which was valued at $20,000 (fair market value $0.039/share). (iii) At the end of year two, in February 2013, the Company paid to Kwiatkowskis a further $30,000 by issuing 2,727,300 shares of stock; (iv) each anniversary thereafter, the Company shall pay to Kwiatkowskis $25,000 as advance royalty payment until the sum of $200,000 has been paid ($2,000.00 of the 2014 payment has been made; the Company owes Kwiatkowskis the balance of $23,000, which we intend to pay); (v) the Company shall further make payment to Kwiatkowskis of 3% NSR royalty on all production from the Prospects, which royalty may be purchased by the Company as to 1.5% of the 3% for the sum of $1,500,000 in increments of $500,000 per 0.5% NSR; and (vi) the Company shall commit to expenditures of $200,000 on the Prospects.
	As part of the original agreement, the Company issued a convertible debt of $20,000 to the Seller. In conjunction with this debt, there was no debt discount or beneficial conversion feature recorded since the conversion privilege was contingent on the current market value of the shares at the date of the notice of conversion. Accordingly, on February 9, 2012 the Company issued to Gloria and Richard Kwiatkowski 256,411 and 256,410 shares respectively at the market price of $0.0390 to satisfy the $20,000 Debt.
	The prepaid royalty of $124,200 has been analyzed for impairment and has been fully impaired.
	The Company in February 2013 paid the $30,000 liability via stock by issuing 2,727,300 shares of stock.
	In August of 2014 the Company paid $2,000 toward this obligation.
	As part of the original agreement, the Company issued a convertible debt of $20,000 to the Seller. In conjunction with this debt, there was no debt discount or beneficial conversion feature recorded since the conversion privilege was contingent on the current market value of the shares at the date of the notice of conversion. Accordingly, on February 9, 2012 the Company issued to Gloria and Richard Kwiatkowski 256,411 and 256,410 shares respectively at the market price of $0.0390 to satisfy the $20,000 Debt.
	The prepaid royalty of $124,200 has been analyzed for impairment and has been fully impaired.
	This liability is presented at the present value of expected future cash flow requirements.
	Interest on the discounted royalty claim has been accrued at 12%. Accrued interest was $50,971 as of September 30, 2014 which brings the liability balance to $173,169.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 6 - RELATED PARTY TRANSACTIONS	'
	Debt – Related Party
	In the year ended December 31, 2010 the company entered into a five-year consulting agreement dated October 1, 2010 with Dr. Stewart Jackson (“Jackson”), pursuant to which Jackson, as the chief executive officer and a member of the Board of Directors, will provide certain consulting services to the Company including, but not limited to, contact with precious metal assets for acquisition in North America. After the change in management, the Company recognized the future remaining obligation based on the contract to Mr. Jackson and accrued it at its present value using a 12% discount rate over fifty-one months. This resulted in an $89,596 being recorded as a related party debt.
	Interest expense of $8,064 has been recorded in 2014 ($27,166 prior), for a total debt of $124,526. The Company is disputing this liability. In addition the Company received four loans equaling $17,300. The loans are due on demand without interest from a related party. The total of Debt-related parties is $141,826.
	Director Compensation
	For the nine months ended September 30, 2014 the Company has paid $139,971 in salaries to directors or officers for services rendered.
	The Company also paid $43,080 to entities controlled by its officers or directors.

UNEARNED_REVENUE_AND_DEPOSIT_P

UNEARNED REVENUE AND DEPOSIT PAYABLE	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 7 - UNEARNED REVENUE AND DEPOSIT PAYABLE	'
	The Company is recognizing revenue pursuant to an agreement over 120 months. The Company received $110,000 and earns this revenue monthly at $916.67. During the year $5,500 was earned with the Company recording a long and short term liability totaling $104,500.
	The Company also received $75,000 as a deposit which will be earned when the Company achieves certain mining goals.
	The total amount of both of the above recognized on the balance sheet is $11,000 current and $168,500 long term.

STOCKHOLDERS_DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 8 - STOCKHOLDERS' DEFICIT	'
	Authorized
	500,000,000 common shares with a par value of $0.001.
	Shares Issued
	During the first quarter of 2014 the Company issued 48,360,000 shares of stock. Of this amount, 14,460,000 shares were issued for services valued at market which equaled $367,840. Of this amount at June 30, 2014 $105,583 is shown as a prepaid expense as the services have not been completed and the balance of $262,257 has been expensed and is shown in the statement of operations under general and administrative expense.
	During the first quarter of 2014, the Company also issued 33,900,000 shares for cash of $299,000.
	In the second quarter 2014, the Company issued 4,700,000 shares for cash of $47,000 as well as receiving $99,000 in cash for shares to be issued.
	In the third quarter 2014 officers returned 35,000,000 shares issued in 2013. These shares were charged to additional paid in capital. In addition the Company issued 4,500,000 shares for services valued at $76,600, and issued 14,166,750 shares for cash of $100,000. The Company also issued 9,900,000 shares for cash previously received of $99,000 and received $50,000 in advance of shares to be issued.
	At September 30, 2014 the Company has services yet to be earned for shares issued of $43,166 which is shown in the equity section as services to be earned.
	Stock Warrants
	The following is a summary of warrants balance as of September 30, 2014
		Number of			Weighted Average Exercise Price		Expiration Date
		Shares
	Balance, December 31, 2011		1,966,666			0.04	30-Jun-12
	Warrants granted and assumed		10,000,000			0.005	9-Jan-12
	Warrants expired		(8,000,000	)		0.005	31-Jan-12
	Warrants canceled		(1,966,666	)		0.005	30-Jun-12
	Warrants exercised		(2,000,000	)		0.005	Exercised by the expiration date of January 31, 2012
	Balance, September 30 ,2014		-

DISPUTED_LIABILITIES

DISPUTED LIABILITIES	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 9 - DISPUTED LIABILITIES	'
	As of June 15, 2011 the former management signed a resolution approving the issuance of promissory notes in the amount of $271,331 to Falco Investments, Inc. New management believes that the old management was not acting in the best interest of the company when they authorized these expenses and subsequently approved the issuance of the notes.The Company has recorded the balance of $947,266 due to Falco Investments, Inc. of which $132,382 has been reported as note payable, $563,206 as a Disputed Liability Related Party and $251,678 as accrued interest to September 30, 2014. The Company has decided to contest the current balance claimed to be due to Falco. Falco Investments initiated a lawsuit in August of 2011.
	The Company has included this debt on the balance sheet until an eventual resolution is reached.

NOTE_PAYABLEAUTO

NOTE PAYABLE-AUTO	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 10 - NOTE PAYABLE-AUTO	'
	The Company on December 1, 2013 purchased an auto for $13,990 of which it put down as a deposit $2,500 and financed the balance. Terms indicate repayment over 36 months with a finance charge of $4,536. Monthly payments are $445.15 per month of which $126 per month is interest. At September 30, 2014 the net owed was $8,299 of which $3,830 was current and $4,469 was due after 12 months.
	In March 2014 the Company purchased a second auto for $11,881. Terms indicate a monthly payment over 36 months of $349 per month. Total net due at September 30, 2014 equaled $8,300 of which $3,380 is current and $4,920 is long term.

INCOME_TAX

INCOME TAX	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 11 - INCOME TAX	'
	Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
	Net deferred tax assets consist of the following components as of December 31, 2013 and 2012:
			31-Dec-13				31-Dec-12
	Deferred Tax Assets – Non-current:
	NOL Carryover		$	2,404,356		$	1,315,476
	Payroll Accrual			-			-
	Less valuation allowance			(2,404,356	)		(1,315,476	)
	Deferred tax assets, net of valuation allowance		$	-		$	-
	The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the period ended December 31, 2013 and 2012 due to the following:
		2013				2012
	Book Income	$	(4,114,180	)		$	(1,012,200	)
	Meals and Entertainment		2,000				3,000
	Stock for Services		3,023,300				662,450
	Accrued Payroll		-				-
	Valuation allowance		1,088,880				346,750
		$	-			$	-
	At December 31, 2013, the Company had net operating loss carryforwards of approximately $2,404,356 that may be offset against future taxable income from the year 2013 to 2014. No tax benefit has been reported in the December 31, 2013 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Notes to Financial Statements	'
Note 12 - SUBSEQUENT EVENTS	'
	The Company has evaluated subsequent events through the filing date of these financial statements and there are no such events that are material to the financial statements to be disclosed:

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies Policies	'
Cash and cash equivalents	'
	The Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.
Net Loss per Share	'
	Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share". Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
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 reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Management believes that the estimates used are reasonable.
	In Management's opinion all adjustments necessary for a fair statement of the results for the interim periods have been made. All adjustments are normal and recurring
Reclassifications	'
	Certain prior year balances have been reclassified to conform to the current year presentation.
Revenue Recognition	'
	The Company recognizes revenue on an accrual basis. Revenue is generally realized or realizable and earned when all of the following criteria are met: 1) persuasive evidence of an arrangement exists between the Company and our customer(s); 2) services have been rendered; 3) our price to our customer is fixed or determinable; and 4) collectability is reasonably assured.
Fair value of financial instruments	'
	The carrying value of cash equivalents and accrued expenses approximates fair value due to the short period of time to maturity.
Recently issued accounting pronouncements	'
	In July 2013, the FASB issued Accounting Standards Update 2013-11 Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry-forward, a Similar Tax Loss, or a Tax Credit Carry-forward Exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carry-forward, a similar tax loss or a tax credit carry-forward, except as follows. To the extent a net operating loss carry-forward, a similar tax loss or a tax credit carry-forward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carry-forward, a similar tax loss, or a tax credit carry-forward exists at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.
	In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities , which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.
	The Company has implemented all new accounting pronouncements that are in effect.  These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

FIXED_ASSETS_Tables

FIXED ASSETS (Tables)	9 Months Ended
	Sep. 30, 2014
Fixed Assets Tables	'
FIXED ASSETS	'
	At September 30, 2014 the Company had the following fixed assets:
	Computers and Furniture and Fixtures	$	25,913
	Autos		25,850
	Total		51,763
	Less Accumulated Depreciation		(12,387	)
	Net		39,376

STOCKHOLDERS_DEFICIT_Tables

STOCKHOLDERS' DEFICIT (Tables)	9 Months Ended
	Sep. 30, 2014
Stockholders Deficit Tables	'
Stock Warrants	'
	The following is a summary of warrants balance as of September 30, 2014
		Number of			Weighted Average Exercise Price		Expiration Date
		Shares
	Balance, December 31, 2011		1,966,666			0.04	30-Jun-12
	Warrants granted and assumed		10,000,000			0.005	9-Jan-12
	Warrants expired		(8,000,000	)		0.005	31-Jan-12
	Warrants canceled		(1,966,666	)		0.005	30-Jun-12
	Warrants exercised		(2,000,000	)		0.005	Exercised by the expiration date of January 31, 2012
	Balance, September 30 ,2014		-

INCOME_TAX_Tables

INCOME TAX (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Tables	'
Net deferred tax assets	'
	Net deferred tax assets consist of the following components as of December 31, 2013 and 2012:
			31-Dec-13				31-Dec-12
	Deferred Tax Assets – Non-current:
	NOL Carryover		$	2,404,356		$	1,315,476
	Payroll Accrual			-			-
	Less valuation allowance			(2,404,356	)		(1,315,476	)
	Deferred tax assets, net of valuation allowance		$	-		$	-
Pretax income from continuing operations	'
	The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the period ended December 31, 2013 and 2012 due to the following:
		2013				2012
	Book Income	$	(4,114,180	)		$	(1,012,200	)
	Meals and Entertainment		2,000				3,000
	Stock for Services		3,023,300				662,450
	Accrued Payroll		-				-
	Valuation allowance		1,088,880				346,750
		$	-			$	-

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	3 Months Ended		9 Months Ended		102 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Going Concern Details Narrative	'	'	'	'	'
Net loss	$605,543	$1,561,306	$2,075,418	$3,988,319	$9,651,035

FIXED_ASSETS_Details

FIXED ASSETS (Details) (USD $)	Sep. 30, 2014
Fixed Assets Details	'
Computers and Furniture and Fixtures	$25,913
Auto	25,850
Total	51,763
Less Accumulated Depreciation	-12,387
Net	$39,376

FIXED_ASSETS_Details_Narrative

FIXED ASSETS (Details Narrative) (USD $)	9 Months Ended		102 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Depreciation	$10,023	'	$12,387
Depreciated over the straight line method of Auto	'over 3 years	'	'
Minimum [Member]	'	'	'
Depreciated over the straight line method of Computers	'3 years	'	'
Depreciated over the straight line method of furniture	'5 years	'	'
Maximum [Member]	'	'	'
Depreciated over the straight line method of Computers	'5 years	'	'
Depreciated over the straight line method of furniture	'7 years	'	'

DEBT_Details_Narrative

DEBT (Details Narrative) (USD $)	Sep. 30, 2014
Debt Details Narrative	'
Accrued interest	$50,971
Interest on the discounted royalty claim accrued	12.00%
Liability Balance	$173,169

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Related Party Transactions Details Narrative	'	'
Interest expense	$8,064	$27,166
Total debt	124,526	'
Salaries to directors or officers for services rendered	139,971	'
Debt- related parties	141,826	128,762
Payment to officers or directors	$43,080	'

STOCKHOLDERS_DEFICIT_Details

STOCKHOLDERS' DEFICIT (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2011
Stock Warrants	'	'
Beginning Balance	'	1,966,666
Warrants granted and assumed	10,000,000	'
Warrants expired	-8,000,000	'
Warrants canceled	-1,966,666	'
Warrants exercised	-2,000,000	'
Ending Balance	'	1,966,666
Weighted Average Exercise Price	'	'
Beginning Balance	'	$0.04
Warrants granted and assumed	$0.01	'
Warrants expired	$0.01	'
Warrants canceled	$0.01	'
Warrants exercised	$0.01	'
Ending Balance	'	'
Expiration Date	'	'
Beginning Balance	30-Jun-12	'
Warrants granted and assumed	9-Jan-12	'
Warrants expired	31-Jan-12	'
Warrants canceled	30-Jun-12	'
Warrants exercised	'Exercised by the expiration date of January 31, 2012	'

STOCKHOLDERS_DEFICIT_Details_N

STOCKHOLDERS' DEFICIT (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Stockholders Deficit Details Narrative	'	'
Common stock, par value	$0.00	$0.00
Common stock, Authorized	500,000,000	500,000,000
Officers returned shares	35,000,000	'
Stock issued for services, Shares	4,500,000	'
Stock issued for services, Value	$76,600	'
Stock issued for cash, Shares	14,166,750	'
Stock issued for cash, Value	100,000	'
Stock not yet earned	$43,166	'

DISPUTED_LIABILITIES_Details_N

DISPUTED LIABILITIES (Details Narrative) (USD $)	Sep. 30, 2014
Disputed Liabilities Details Narrative	'
Due to Falco Investments, Inc.	$947,266
Disputed Liability Related Party	563,206
Note payable	132,382
Accrued interest	$251,678

NOTE_PAYABLEAUTO_Details_Narra

NOTE PAYABLE-AUTO (Details Narrative) (USD $)	Sep. 30, 2014
Note Payable-Auto Details Narrative	'
Notes payable owed	$8,299
Notes payable current	3,830
Notes payable due after 12 months	4,469
Notes payable non current	8,300
Notes Payable, Current	3,380
Total net due	$4,920

INCOME_TAX_Details

INCOME TAX (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Assets - Non-current:	'	'
NOL Carryover	$2,404,356	$1,315,476
Payroll Accrual	'	'
Less valuation allowance	-2,404,356	-1,315,476
Deferred tax assets, net of valuation allowance	'	'

INCOME_TAX_Details_1

INCOME TAX (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax Details 1	'	'
Book Income	($4,114,180)	($1,012,200)
Meals and Entertainment	2,000	3,000
Stock for Services	3,023,300	662,450
Accrued Payroll	'	'
Valuation allowance	1,088,880	346,750
Pretax income from continuing operations	'	'

INCOME_TAX_Details_Narrative

INCOME TAX (Details Narrative) (USD $)	Dec. 31, 2013
Income Tax Details Narrative	'
Net operating loss carryforwards	$2,404,356