Double Crown Resources (DDCC) 10-Q 20 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 20, 2015
Document And Entity Information
Entity Registrant Name	DOUBLE CROWN RESOURCES INC.
Entity Central Index Key	1,366,407
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
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		507,306,815
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 41,152	$ 20,410
Prepaid Expense	114,264
Deposit with Supplier	631,750
Total current assets	787,166	$ 20,410
Fixed Assets, Net of Accumulated Depreciation	36,972	35,247
Total Assets	824,138	55,657
Current liabilities
Accounts payable and Accrued Expenses	1,021,153	908,699
Note Payable, Related Party	106,596	106,596
Disputed Debt	695,588	695,588
Accrued Interest, Related Party	45,981	37,918
Accrued Interest	335,148	272,546
Notes Payable, Term and Auto - current	757,150	7,150
Mineral prospect obligation	75,000	50,000
Deferred Revenue - current	1,075,874	11,000
Total Current Liabilities	4,112,490	2,089,497
Deposit Payable	50,000	50,000
Note Payable, Term and Auto	2,989	8,011
Mineral prospect obligation	112,833	126,835
Deferred Revenue	154,163	162,413
Total Long Term Liabilities	319,985	347,259
Total liabilities	4,432,475	2,436,756
Stockholder's Deficit
Common stock; 1,000,000,000 shares authorized at $0.001 par value; 507,306,815 and 496,141,815 shares issued and outstanding, respectively	507,307	496,142
Additional paid-in capital	7,299,655	7,050,770
Retained Deficit	(11,415,299)	(9,928,011)
Total Stockholders' Deficit	(3,608,337)	(2,381,099)
Total Liabilities and Stockholders' Deficit	$ 824,138	$ 55,657

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
STOCKHOLDERS' DEFICIT
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	1,000,000,000	1,000,000,000
Common stock, Issued	507,306,815	496,141,815
Common stock, outstanding	507,306,815	496,141,815

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Consolidated Statements Of Operations
Revenues		$ 2,750	$ 2,750	$ 8,250	$ 5,500
Operating Expenses:
Research and development		2,180		65,456
Professional fees		25,698	$ 522,466	175,263	$ 1,155,460
Office - general expenses		177,432	24,869	348,182	798,863
General expenses - related party		120,921	33,080	197,544	43,080
Total Operating Expenses		326,231	580,415	786,445	1,997,403
Operating Loss		$ (323,481)	$ (577,665)	(778,195)	$ (1,991,903)
Other Expense:
Loss on Settlement				600,000
Interest Expense - related party		$ 31,949	$ 4,322	38,425	$ 12,847
Interest Expense		23,556	23,556	70,668	70,668
Total Other Expenses		55,505	27,878	709,093	83,515
Net Loss Before Income Taxes		$ (378,986)	$ (605,543)	$ (1,487,288)	$ (2,075,418)
Income Tax
Net Loss		$ (378,986)	$ (605,543)	$ (1,487,288)	$ (2,075,418)
Loss per Share, Basic & Diluted	[1]	$ 0	$ 0	$ 0	$ 0
Weighted Average Shares Outstanding		494,780,728	485,635,981	490,382,545	475,217,921
[1]	Denotes a loss of less than ($0.01) per share

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOW FROM OPERATING ACTIVITES:
Net Loss for the Period	$ (1,487,288)	$ (2,075,418)
Adjustments to reconcile net loss from operations to net cash provided by (used in) operating activities:
Loss on Settlement	600,000
Shares issued for services	215,800	$ 444,440
Depreciation	14,403	$ 10,023
Change in Operating Assets and Liabilities
(Increase) in Prepaid Expense	(114,264)
(Increase) in Deposit with Supplier	(631,750)
Increase in Deferred Revenue	1,056,624	$ 179,500
Increase in Accounts Payable and Accrued Expenses	112,454	$ 731,065
Increase in Accrued Interest, related party	8,063
Increase in Accrued Interest	62,602	$ 70,667
Net cash provided by (used in) Operating Activities	(163,356)	(639,723)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Fixed Assets	(16,128)	(11,860)
Net Cash (used in) Investing Activities	(16,128)	(11,860)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceed from loans	150,000	$ 8,429
Repayment of loans	(5,022)
Net change in mineral prospect obligation	10,998	$ 11,178
Proceeds from issuance of common stock	44,250	601,384
Net Cash provided by Financing Activities	200,226	621,441
Net Increase (Decrease) in Cash	20,742	(30,142)
Cash at Beginning of Period	20,410	43,151
Cash at End of Period	41,152	13,009
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest	$ 2,430	$ 1,669
Cash paid for franchise and income taxes

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2015
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. While we have not discontinued our prior business plan, we have expanded the plan and shifted our focus to the oilfield services and logistics sectors. We are in the process of negotiating contracts to supply industrial quantities of commodities to onshore and offshore oil and gas drilling operations in the United States. We believe that the growing movement for energy independence in the United States will lead to an increased number of oil and gas wells being drilled and put into production throughout the country and off-shore. Many of these wells required hydraulic fracturing (fracking) to access the oil and gas reserves trapped in hundreds of miles of brittle shale rock thousands of feet below the surface. The hydraulic fracturing process requires a number of specialized commodities, including a unique type of sand, known as "frac-sand" or proppant that can hold its shape under intense pressure and heat and is porous enough to allow thousands of gallons of oil or millions of cubic feet of gas to seep through it to the drill pipe. A typical frac-well will use 2,200 tons of this type of frac sand. Other materials required for hydraulic fracturing include guar gum, barite, and a variety of industrial chemicals.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 2 - GOING CONCERN	The Company's financial statements as of September 30, 2015 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, 2015 of $11,415,299. 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 ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(A) 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. The Company has adopted a December 31 year end. (B) Condensed Unaudited Interim Financial Statements The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2015 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended December 31, 2014, included in its Annual Report on Form 10-K filed April 10, 2015. (C) Principles of Consolidation The accompanying September 30, 2015 condensed consolidated financial statements include the accounts of Double Crown Resources, Inc. and its wholly owned subsidiary, DDCC Marketing Group, LLC. All intercompany accounts have been eliminated upon consolidation. (D) Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles, management is required 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 revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include estimated useful lives and potential impairment of property and equipment, estimate of fair value of share based payments and derivative instruments and recorded debt discount, valuation of deferred tax assets and valuation of in-kind contribution of services and interest. (E) Cash and Cash Equivalent The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At September 30, 2015 and December 31, 2014, the Company had no cash equivalents. (F) Fixed Assets Fixed assets are recorded at cost. Major renewals and improvements are capitalized, while maintenance and repairs are expensed when incurred. Expenditures for major additions and betterments are capitalized in amounts greater than or equal to $1,000. Depreciation of equipment is computed by the straight line method (after taking into account their respective estimated residual values) over the assets estimated useful life three (3), five (5), or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected. (G) Loss Per Share In accordance with the accounting guidance now codified as FASB ASC Topic 260, "Earnings per Share" basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The computation of basic and diluted loss per share at September 30, 2015 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive. There were no potentially dilutive debt or equity instruments issued and outstanding during the three and nine months ended September 30, 2015 and hence below are the weighted average shares for the nine months ended September 30, 2015. September 30, 2015 Weighted Average Shares 490,382,545 Total 490,382,545 (H) Operating Leases The Company leased office space in Houston, Texas which expired in March of 2015 for $8,000 per month. The Company also leases space in Henderson, Nevada on a month to month lease of $125 per month. The Company also leases a corporate apartment in Houston, Texas on a month to month basis for a base rent of $3,100. (I) Recent Accounting Pronouncements (J) Reclassifications Prior year amounts have been reclassified to conform to the current year presentation.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note- 4 PROPERTY AND EQUIPMENT	September 30, 2015 December 31, 2014 Estimated Useful Life Automobiles 41,979 25,851 3 years Computers and Furniture and Fixtures 25,912 25,912 3-5 years Total 67,891 51,763 Less: Accumulated Depreciation (30,919 ) (16,516 ) Property and Equipment, Net $ 36,972 $ 35,247 Depreciation expense for the nine months ended was $14,403 for 2015 and $10,023 for 2014, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 5 - RELATED PARTY TRANSACTIONS	Note Payable, 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, was to 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 former related party debt. Interest expense of $37,928 has been recorded prior to 2015, with $10,751 recorded for the nine months ended September 30, 2015 for a total debt of $135,577. The Company is disputing this liability. In addition the Company received four loans equaling $17,000. The loans are due on demand without interest from a related party. The total of the above liabilities as shown in the Balance Sheet is $152,577. Director Compensation For the nine months ended September 30, 2015 the Company has paid $197,544 in consulting fees to directors and officers for services rendered and $43,080 for the nine months ended September 30, 2014.

UNEARNED REVENUE AND DEPOSITS

UNEARNED REVENUE AND DEPOSITS	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 6 - UNEARNED REVENUE AND DEPOSITS	The Company entered into a royalty agreement for its Transprop AGG transfer container system on April 8, 2014 with an initial term of 120 months. The Company received $110,000 in exchange for a one quarter of one percent (0.25%) royalty from the net profits of all sales, leases, or other commercial disposition of the Transprop AGG system. Royalties are not payable until the first calendar quarter in which the Company achieves an operating profit from its sales of the Transprop AGG system. Earnings for the nine months ended September 30, 2015 and 2014 were $8,250 and $5,500, respectively. The Company also received and included $72,580 in deferred revenue, which will be earned when the Company achieves certain mining goals. In the quarter ended June 30, 2015, the Company received $1,064,874 as an advance payment for the delivery of "barite mesh" which is used primarily in offshore oil drilling. The barite is mined first in rock form, then ground to 200 mesh, transported from a processing plant as bagged product, and shipped. The ground barite is known as 200 mesh. The Company, during the same period, paid a processing plant $357,000 to begin processing barite mesh for the Company's customer and made a second payment during the quarter ended September 30, 2015 of $274,750 totaling $631,750. This has been included in the balance sheet as a deposit with suppliers. The Company anticipates completing the process and recognizing sales and costs upon delivery by the fourth quarter of 2015. The Company also received $50,000 in June 2014 as a deposit until such time as certain mineral rights production is commenced. Unearned revenue totals as shown on the balance sheet are the $1,064,874 plus $165,163 equaling $1,230,037 of which $11,000 and $1,064,874 or $1,075,874 is shown as a short term unearned or deferred revenue and $154,163 as long-term unearned or deferred revenue.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 7 - COMMITMENTS AND CONTINGENCIES	Contractual Commitments Mineral Prospect Obligation - Effective on February 9, 2011, the Company entered into an agreement ("the Option) 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 per share); (iii) At the end of year two, February 9, 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; (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. This expenditure commitment is triggered when the Company has secured financing to enable itself to proceed. The Company's royalty claim commitments are presented at the present value of expected future cash flows resulting in a liability of $124,200. Interest on the discounted royalty claims accrues at 12% per annum. Accrued interest was $63,633 as of September 30, 2015 net of the $2,000 payment made during August 2014. As of September 30, 2015, the liability balance was $187,833, and included $75,000 in past due amounts and $112,833 due long term. Barite Mesh Processing – During the quarter ended June 30, 2015, the Company entered into a contract for the delivery of "barite mesh" and received $1,064,874 as an advance payment. The Company made payments to a processing plant totaling $631,750 to process barite mesh for this customer. The Company is obligated to deliver the product to the customer upon completion of the barite mesh processing. Legal Proceedings On August 9, 2011, a complaint was filed in the Supreme Court of British Columbia, File No. S-115321, by Falco Investments, Inc. ("Falco") naming us as a defendant (the "Complaint"). In the Complaint, Falco alleges that we owe $690,588 as compensation for corporate work performed by Falco through June 30, 2011. We have responded in our answer and stated that we do not owe the $690,588 for such services allegedly performed by Falco since there was no written contract between us and Falco. We have amended our counterclaim to name additional parties, in addition to the former president/chief executive officer, Dr. Stewart Jackson and Donald Rutledge and Leslie Rutledge as defendants. The Company cannot predict the outcome of the Falco litigation at this time. On July 24, 2014, Glenn Soler ("Soler"), a former director of our Company, initiated a lawsuit against Double Crown and certain officers/directors of the company asserting claims of breach of contract, fraud-common law, negligent misrepresentation, fraud in stock transaction, conspiracy, and promissory estoppel seeking money damages, common stock, attorney's fees and exemplary damages. Glenn Soler vs. Double Crown Resources;

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 8 - STOCKHOLDERS' DEFICIT	Authorized On June 6, 2015, by certificate of amendment the Company increased its authorized shares to 1,000,000,000 shares of common stock, Shares Issued During the first quarter of 2015, the Company cancelled 13,000,000 shares of stock previously issued for services and returned voluntarily. The Company issued 4,440,000 shares of stock of which 3,390,000 was issued for cash received prior of $33,900, and 1,050,000 shares for cash of $10,500. The Company also received $3,250 in advanced of shares issued. In the second quarter of 2015, 1,775,000 shares were issued of which 1,475,000 shares were issued for subscriptions previously paid of $14,750 and 300,000 shares were issued for cash of $1,500. In the third quarter of 2015, the Company issued 17,950,000 shares of stock. Of this amount, 2,900,000 shares were issued for cash of $29,000, 50,000 shares for cash paid during a previous period, and 15,000,000 shares for services valued at market, of which $101,536 was earned, and $114,264 will be earned in future periods and are shown in the statement of equity as shares to be earned. Stock Warrants No warrants were issued or outstanding during the three and nine months ended September 30, 2015 and 2014.

DEBT RELATED PARTY_ACCRUED INTE

DEBT RELATED PARTY/ACCRUED INTEREST RELATED PARTY	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 9 - DEBT RELATED PARTY/ACCRUED INTEREST RELATED PARTY	As of June 15, 2011, former management of the Company signed a resolution approving the issuance of promissory notes in the amount of $271,331 to Falco Investments, Inc. New management of the Company now 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 $1,030,736 due to Falco Investments, Inc. of which $695,588 as a disputed debt and $335,148 as accrued interest to September 30, 2015. The Company has decided to contest the current balance claimed to be due to Falco. Falco Investments initiated a lawsuit referred to in Note 8 in November of 2011 which has not progressed. While the amount is deemed frivolous the Company has included this debt on the balance sheet until an eventual resolution is completed.

NOTE PAYABLE-AUTO_TERM LOAN

NOTE PAYABLE-AUTO/TERM LOAN	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 10 - NOTE PAYABLE	The Company also received a $150,000 no interest bearing loan due May 31, 2015, which has been extended to March 31, 2016. The Company incurred an interest penalty of $25,000 to extend the loan. The new amount owed is $175,000. On May 23, 2013, Double Crown Resources, Inc. initiated suit against Synergy Natural Resources, LLC ("Synergy") in the United States District Court for the Southern District of Texas (Houston Division), requesting declaratory relief relating to alleged trade secrets and rights to patent protection on Double Crown's commodity transport container system. Synergy asserted counterclaims including misappropriation of trade secrets, breach of contract, tortious interference with prospective contracts or business relations, and business disparagement. On October 6, 2014, following full-day mediation before former judge Alvin L. Zimmerman, Double Crown and Synergy representatives reached an agreement in principle regarding settlement of the litigation. To avoid the cost and uncertainty of litigation, Double Crown, without admitting any liability, agreed to pay Synergy a total of $630,000 within one year, plus three million shares of stock. In return, Synergy agreed to dismiss its remaining claims against, and indemnify, Double Crown regarding any third party claims arising from the Synergy's claims. Under the agreement outlined in the final settlement documents and approval by the Court, both parties will be free to pursue their respective commodity transport container systems. As part of the settlement agreement, Double Crown paid $30,000 and executed a $600,000 promissory note. The promissory note requires an initial payment of $25,000 six months from the date of the settlement agreement with additional $25,000 payments each month thereafter until paid. As of the date of this report, only one of the $25,000 monthly installment payments has been made.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 11 - SUBSEQUENT EVENTS	The Company has issued an additional 3,000,000 shares of stock in connection with the settlement of the Synergy lawsuit.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Policies
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. The Company has adopted a December 31 year end.
Condensed Unaudited Interim Financial Statements	The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and the rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial reporting. Accordingly, these unaudited interim condensed financial statements do not include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles. In the opinion of our management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations and cash flows as of September 30, 2015 and for the interim periods presented herein have been reflected in these unaudited interim condensed financial statements and the notes thereto. Interim results included herein are not necessarily indicative of the results to be expected for the fiscal year as a whole. These unaudited interim condensed financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended December 31, 2014, included in its Annual Report on Form 10-K filed April 10, 2015.
Principles of Consolidation	The accompanying September 30, 2015 condensed consolidated financial statements include the accounts of Double Crown Resources, Inc. and its wholly owned subsidiary, DDCC Marketing Group, LLC. All intercompany accounts have been eliminated upon consolidation.
Use of Estimates	In preparing financial statements in conformity with generally accepted accounting principles, management is required 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 revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include estimated useful lives and potential impairment of property and equipment, estimate of fair value of share based payments and derivative instruments and recorded debt discount, valuation of deferred tax assets and valuation of in-kind contribution of services and interest.
Cash and cash equivalents	The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At September 30, 2015 and December 31, 2014, the Company had no cash equivalents.
Fixed Assets	Fixed assets are recorded at cost. Major renewals and improvements are capitalized, while maintenance and repairs are expensed when incurred. Expenditures for major additions and betterments are capitalized in amounts greater than or equal to $1,000. Depreciation of equipment is computed by the straight line method (after taking into account their respective estimated residual values) over the assets estimated useful life three (3), five (5), or seven (7) years. Upon sale or retirement of equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected.
Loss per Share	In accordance with the accounting guidance now codified as FASB ASC Topic 260, "Earnings per Share" basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The computation of basic and diluted loss per share at September 30, 2015 excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive. There were no potentially dilutive debt or equity instruments issued and outstanding during the three and nine months ended September 30, 2015 and hence below are the weighted average shares for the nine months ended September 30, 2015. September 30, 2015 Weighted Average Shares 490,382,545 Total 490,382,545
Operating Leases	The Company leased office space in Houston, Texas which expired in March of 2015 for $8,000 per month. The Company also leases space in Henderson, Nevada on a month to month lease of $125 per month. The Company also leases a corporate apartment in Houston, Texas on a month to month basis for a base rent of $3,100.
Recent Accounting Pronouncements	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.
Reclassifications	Prior year amounts have been reclassified to conform to the current year presentation.

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Tables
Schedule Of basic and diluted loss per share	There were no potentially dilutive debt or equity instruments issued and outstanding during the three and nine months ended September 30, 2015 and hence below are the weighted average shares for the nine months ended September 30, 2015. September 30, 2015 Weighted Average Shares 490,382,545 Total 490,382,545

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2015
Property And Equipment Tables
PROPERTY AND EQUIPMENT	September 30, 2015 December 31, 2014 Estimated Useful Life Automobiles 41,979 25,851 3 years Computers and Furniture and Fixtures 25,912 25,912 3-5 years Total 67,891 51,763 Less: Accumulated Depreciation (30,919 ) (16,516 ) Property and Equipment, Net $ 36,972 $ 35,247

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		114 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Going Concern Details Narrative
Net loss	$ (378,986)	$ (605,543)	$ (1,487,288)	$ (2,075,418)	$ (11,415,299)

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies Details
Weighted Average Shares			490,382,545
Total	494,780,728	485,635,981	490,382,545	475,217,921

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Automobiles	$ 41,979	$ 25,851
Computers, Furniture and Fixtures	25,912	25,912
Total	67,891	51,763
Less Accumulated Depreciation	(30,919)	(16,516)
Property and Equipment, Net	$ 36,972	$ 35,247
Automobiles [Member]
Estimated useful life	3 years
Computers, Furniture and Fixtures [Member] | Minimum [Member]
Estimated useful life	3 years
Computers, Furniture and Fixtures [Member] | Maximum [Member]
Estimated useful life	5 years

PROPERTY AND EQUIPMENT (Detai23

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Property And Equipment Details Narrative
Depreciation	$ 14,403	$ 10,023

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Related Party Transactions Details Narrative
Interest expense			$ 10,751
Total debt	$ 135,577		135,577
General expenses - related party	$ 120,921	$ 33,080	$ 197,544	$ 43,080

UNEARNED REVENUE (Details Narra

UNEARNED REVENUE (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Notes to Financial Statements
Revenues	$ 2,750	$ 2,750	$ 8,250	$ 5,500
Advance for Processing	357,000		357,000
Customer payment			274,750
Deposit with Supplier	$ 631,750		$ 631,750

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Commitments And Contingencies Details Narrative
Accrued interest	$ 63,633
Liability balance	187,833
Past due amounts	75,000
Mineral prospect obligation	$ 112,833	$ 126,835

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Narrative)	9 Months Ended
	Sep. 30, 2015USD ($)shares
Stockholders Deficit Details Narrative
Shares issued	17,950,000
Stock issued for subscriptions, Shares	2,900,000
Stock issued for subscriptions, Value | $	$ 29,000
Stock issued for cash, Shares	50,000
Stock issued for cash, Value | $	$ 101,536
Stock issued for services, Shares	15,000,000
Stock issued for services, Value | $	$ 114,264

DEBT RELATED PARTY_ACCRUED IN28

DEBT RELATED PARTY/ACCRUED INTEREST RELATED PARTY (Details Narrative) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Debt Related Partyaccrued Interest Related Party Details Narrative
Due to Falco Investments, Inc.	$ 1,030,736
Disputed Debt	695,588	$ 695,588
Accrued Interest	$ 335,148	$ 272,546