Financial Gravity Companies (FGCO) 10-Q 17 Feb 15 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2014	Feb. 16, 2015
Document And Entity Information
Entity Registrant Name	PACIFIC OIL Co
Entity Central Index Key	1377167
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-21
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		60,080,733
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Dec. 31, 2014	Sep. 30, 2014
CURRENT ASSETS
Cash	$1,787	$87
Total Current Assets	1,787	87
TOTAL ASSETS	1,787	87
CURRENT LIABILITIES
Accounts payable	2,149	1,702
Advances payable - related party	72,671	66,671
Note payable - related party	1,174	1,174
Total Current Liabilities	75,993	69,546
Total Liabilities	75,993	69,546
STOCKHOLDERS' DEFICIT
Common stock: $0.001 par value; 300,000,000 shares authorized, 60,080,733 shares issued and outstanding, respectively	60,080	60,080
Additional paid-in capital	600,588	600,588
Deficit accumulated during the exploration stage	-734,874	-730,127
Total Stockholders' Deficit	-74,206	-69,459
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$1,787	$87

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Statement of Financial Position [Abstract]
Common Stock Par Value	$0.00	$0.00
Common Stock Shares Authorized	300,000,000	300,000,000
Common Stock Shares Issued	60,080,333	60,080,333
Common Stock Shares Outstanding	60,080,733	60,080,733

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Income Statement [Abstract]
REVENUES
OPERATING EXPENSES
General and administrative	1,127		2,094
Professional fees	3,620		335,280
Total operating expenses	4,747		337,374
OTHER INCOME (EXPENSE)
Interest expense			-3,866
Change in fair value of derivative			-252
Gain on conversion of accounts payable			16,314
Total other income (expense)			12,196
NET LOSS	($4,747)		($325,178)
BASIC AND DILUTIVE LOSS PER SHARE	$0	[1]	($0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTIVE	60,080,733		54,187,927
[1]	denotes a loss of less that $(0.01) per share.

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statement of Cash Flows [Abstract]
Net loss	($4,747)	($325,178)
Shares for Services		335,280
Amortization of debt discount on convertible note		2,212
Change in fair value of derivative		252
Gain on conversion of accounts payable		16,314
Imputed interest		1,654
Increase (decrease) in accounts payable	447	2,056
Net Cash Used in Operating Activities	-4,300	-38
Net Cash Provided by (Used in) Investing Activities
Borrowing from related parties	6,000
Repayment on related party debt
Common stock issued for cash
Contributed capital
Net Cash Provided by Financing Activities	6,000
NET INCREASE (DECREASE) IN CASH	1,700	-38
CASH AT BEGINNING OF PERIOD	87	820
CASH AT END OF PERIOD	1,787	782
Interest
Income Taxes
Settlement of accounts payable with stock		$205

1_ORGANIZATION_AND_BUSINESS_OP

1. ORGANIZATION AND BUSINESS OPERATIONS	3 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
1. ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS
	Pacific Oil Company (the “Company”) was originally incorporated in Nevada on December 5, 2005 (“inception’) as Kat Racing, Inc. On January 4, 2013, the Articles of Incorporation of the Company were amended to change the name of the Company to Prairie West Oil & Gas, Ltd. On July 26, 2013, the Company’s Articles of Incorporation were amended to change the name of the registrant to Pacific Oil Company.
	From the Company’s inception until the Company’s transition into the oil and natural gas business in early 2013, Kat Racing’s business plan was to design, manufacture, market, sell and distribute custom off-road racing and recreational vehicles and provide marketing and lead services. Kat Racing never generated any revenue from this proposed business plan.
	As the market for high end off road vehicles suffered due to the downturn in the economy, Kat Racing sought to arrange the purchase of certain oil and gas properties which were owned by Prairie West Oil and Gas Ltd., a Canadian company through a share exchange. Pursuant to this transaction, the Company changed its name from Kat Racing to Prairie West Oil and Gas Ltd. This transaction was never completed. When it was determined the acquisition would not be completed, the Company did not want to continue with the Prairie West name and changed its name to Pacific Oil Company.
	On October 1, 2013, the Company issued a newly appointed officer and director 38,100,000 shares of common stock of the Company to retain his services to attempt to secure certain assets the Company needs to launch its oil and gas operations.

2_GOING_CONCERN

2. GOING CONCERN	3 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2. GOING CONCERN	NOTE 2 - GOING CONCERN
	The Company's financial statements are 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, has incurred losses of $734,874 since inception (December 5, 2005) through December 31, 2014 and had a working capital and shareholder deficit of $74,206 at December 31, 2014 . Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	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.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

3_SIGNIFICANT_ACCOUNTING_POLIC

3. SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
3. SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES
	Interim Financial Statements
	The accompanying financial statements have been prepared by the Company without audit in accordance with SEC rules for quarterly reports on form 10-Q. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at December 31, 2014, and for all periods presented herein, have been made.
	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 condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's September 30, 2014 audited financial statements. The results of operations for the periods ended December 31, 2014 and 2013 are not necessarily indicative of the operating results for the full years.
	Cash and cash equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Exploration Stage Company
	The Company is in the exploration stage as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 “Development-Stage Entities,” and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, movement in stockholders’ equity (deficit) and cash flows disclosed activity since the date of our inception (December 5, 2005) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	Derivative Liability
	The Company evaluates its convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, “Derivatives and Hedging.” The result of this accounting treatment is that the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income (expense). Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815 are reclassified to liabilities at the fair value of the instrument on the reclassification date. We analyzed the derivative financial instruments (the Convertible Note), in accordance with ASC 815. The objective is to provide guidance for determining whether an equity-linked financial instrument is indexed to an entity’s own stock. This determination is needed for a scope exception which would enable a derivative instrument to be accounted for under the accrual method. The classification of a non-derivative instrument that falls within the scope of ASC 815-40-05 “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock” also hinges on whether the instrument is indexed to an entity’s own stock. A non-derivative instrument that is not indexed to an entity’s own stock cannot be classified as equity and must be accounted for as a liability. There is a two-step approach in determining whether an instrument or embedded feature is indexed to an entity’s own stock. First, the instrument's contingent exercise provisions, if any, must be evaluated, followed by an evaluation of the instrument's settlement provisions. The Company utilized multinomial lattice models that value the derivative liability within the notes based on a probability weighted discounted cash flow model. The Company utilized the fair value standard set forth by the Financial Accounting Standards Board, defined as the amount at which the assets (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale.
	Fair Value Measurements
	The Company adopted ASC No. 820-10 (ASC 820-10), Fair Value Measurements. ASC 820-10 relates to financial assets and financial liabilities.
	ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions.
	ASC 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below:
	Level 1. Observable inputs such as quoted prices in active markets;
	Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
	Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	The carrying value of cash, accounts payable, accounts payable – related party and note payable related party approximates their fair value due to the short-term maturity of these financial instruments.
	Income Taxes
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740 “Accounting for Income Taxes” as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in this financial statement because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.
	Basic and Diluted Loss per Share
	The Company computes loss per share in accordance with ASC-260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
	The Company has previously had potentially dilutive debt instruments outstanding in the form of convertible notes payable – related party. However, as the Company has incurred losses since Inception, these potentially dilutive shares of common stock have been excluded from the calculation of loss per share as their effect would have been anti-dilutive. Consequently basic and diluted loss per share were identical for the three months ended December 31, 2014 and 2013.
	No potentially dilutive debt or equity instruments were issued or outstanding during the three months ended December 31, 2014.
	Advertising
	The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the three month periods ended December 31, 2014 and 2013.
	Stock-based Compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 718 (Accounting for Share Based Payments) which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.
	Revenue Recognition
	The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, Revenue Recognition (“ASC-605”). ASC-605 requires that four basic criteria must be met before revenue can be recognized:: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required
	Correction of an error in previously issued financial statements
	The Company follows guidance under ASC 250-10-45-23 for reporting any error in the financial statements of a prior period discovered after the financial statements are issued or are available to be issued. The current comparative statements as presented reflect the retroactive application of any error corrections. Certain of the balances reported in the unaudited condensed interim financial statements for the three months ended December 31, 2013 reported on Form 10-Q, have been retroactively adjusted to reflect the adjustments made as a result of the audit of the financial statements for the year ended September 31, 2014. The details are summarized in Note 7 below.
	Recent Accounting Pronouncements
	The Company does not believe that other than disclosed above, recently issued, but not yet adopted, accounting pronouncements will have a material impact on its financial position, results of operations or cash flows.

4_RELATED_PARTY_TRANSACTIONS

4. RELATED PARTY TRANSACTIONS	3 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
4. RELATED PARTY TRANSACTIONS	NOTE 4 - RELATED PARTY TRANSACTIONS
	In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.
	The Company had received $72,671 and $66,671 as of December 31, 2014 and September 30, 2014, respectively, as advances from related parties to fund ongoing operations. In addition, as of December 31, 2014, a related party note payable balance was $1,174. All of the related party accounts and note payable are non-interest bearing, unsecured and due upon demand.

5_CONVERTIBLE_NOTES_PAYABLE_RE

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTY AND DERIVATIVE LIABILITIES	3 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
5. CONVERTIBLE NOTES PAYABLE - RELATED PARTY AND DERIVATIVE LIABILITIES	NOTE 5 – CONVERTIBLE NOTES PAYABLE – RELATED PARTY AND DERIVATIVE LIABILITIES
	On July 1, 2013, the Company issued convertible notes payable to a related party in the amount of $77,824 that provided for the issuance of convertible notes with variable conversion provisions. The conversion terms of the convertible notes were variable based on certain factors, such as the future price of the Company’s common stock. Therefore, the number of shares of common stock issuable upon conversion of the promissory note was indeterminate. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted and all additional convertible debentures and warrants are included in the value of the derivative. Pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option and warrants and shares to be issued were recorded as derivative liabilities on the issuance date.
	The fair values of the Company’s derivative liabilities were estimated at the issuance date and were revalued at each subsequent reporting date, using a lattice model. The Company recorded a discount on the convertible note payable, related party of $57,618, leaving a net balance of $20,206, and current derivative liabilities of $173,856 at September 30, 2013. The change in fair value of the derivative liabilities resulted in a gain of $2,380 for the three months ended December 31, 2013, which has been reported as gain from changes in fair value of derivative liabilities in other income (expense) in the statements of operations.
	On October 4, 2013, the Company issued 29,100,002 shares of its common stock to the note holders to satisfy $76,650 of the total outstanding convertible notes payable of $77,824. Effective January 1, 2014, the Company, with the consent of the holder of the remaining note convertible – related party totaling $1,174, amended the terms of the note payable to remove the conversion feature. The remaining $2,632 balance of the derivative liability relating to the note payable was credited to gain from changes in fair value of derivative liabilities in other income on removal of the conversion feature from the note payable – related party.
	The following is a summary of changes in the fair market value of the derivative liability during the three months ended December 31, 2013:
	Balance, September 30, 2013	$	173,856
	Debt Conversion		(171,476	)
	Change in fair market value of derivative liabilities due to the mark to market adjustment		252
	Cancellation of the conversion feature		(2,632	)
	Balance at December 31, 2013	$	—

6_COMMON_STOCK

6. COMMON STOCK	3 Months Ended
	Dec. 31, 2014
Equity [Abstract]
6. COMMON STOCK	NOTE 6 – COMMON STOCK
	On April 25, 2013 the board of director authorized a reverse stock split of 1 for 100. All share amounts have been adjusted for retroactively. In connection with the change in control, it was determined that the authorized capital of the Company consists of 300 million shares of $0.001 par value common stock and no shares of preferred stock. The disclosures on the balance sheet have been corrected accordingly.
	On October 1, 2013 the Company issued 38,100,000 shares to a newly appointed officer and director which resulted in a change in control of the Company. The shares were valued at $335,280 or $0.0088 per share, and this expense has been recognized as stock based compensation in our statement of operations. The value of these shares was determined by a valuation expert.
	On October 4, 2013, the Company issued 21,900,002 shares of its common stock to satisfy an outstanding convertible note payable and its bifurcated derivative liability. The outstanding convertible note payable relieved was $76,650, less unamortized discount of $57,618, along with its bifurcated derivative liability of $171,476. The shares were valued at $192,720, or $0.0088 per share. These shares were valued by a valuation expert as there had been no active market trading of the Company’s stock at the date of the conversion. The following table summarizes allocation of the common shares issued in this transaction:
	Derivative liability	$	171,476
	Convertible notes payable		76,650
	Unamortized discount on convertible notes payable		(57,618	)
	Interest expense to October 4, 2013		2,212
	Value of shares issued to settle liabilities	$	192,720
	On December 31, 2013, the Company issued 23,241 shares of its common stock in settlement of accounts payable, relating to services provided to the Company in the amount of $16,519. The Company valued the shares at $0.0088 as determined by the valuation expert, or $205. The Company recognized a gain on the conversion of $16,314.

7_CORRECTION_OF_ERRORS_IN_PREV

7. CORRECTION OF ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS	3 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
7. CORRECTION OF ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS	NOTE 7 –CORRECTION OF ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS
	The Company follows guidance under ASC 250-10-45-23 for reporting any error in the financial statements of a prior period discovered after the financial statements are issued or are available to be issued. The current comparative statements as presented reflect the retroactive application of any error corrections. Certain of the balances reported in the unaudited condensed interim financial statements for the three months ended December 31, 2013 reported on Form 10-Q, have been retroactively adjusted to reflect the adjustments made as a result of the audit of the financial statements for the year ended September 31, 2014. All of the adjustments are noncash transactions. The transactions are described in the Notes 5 and 6 above and are summarized below:
		Three months ended
		31-Dec-13
		As reported			Changes			Revised
	Statement of Operations:
	Compensation expense	$	99,686		$	235,594		$	335,280
	Gain on conversion of accounts payable		—			(16,314	)		(16,314	)
	Loss on debt conversion		193,258			(193,258	)		—
	Interest expense		59,273			(55,407	)		3,866
	Net loss		(354,562	)		29,384			(325,178	)
	Settlement of accounts payable with stock		—			(205	)		(205	)
	Cash Flow from Operating Activities		(38	)		—			(38	)

7_SUBSEQUENT_EVENTS

7. SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
7. SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS
	There are no events subsequent to period ended December 31, 2014 through the date these financial statements are available to be issued on February 16, 2015 that would warrant further disclosures.

3_SIGNIFICANT_ACCOUNTING_POLIC1

3. SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements
	The accompanying financial statements have been prepared by the Company without audit in accordance with SEC rules for quarterly reports on form 10-Q. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at December 31, 2014, and for all periods presented herein, have been made.
	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 condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's September 30, 2014 audited financial statements. The results of operations for the periods ended December 31, 2014 and 2013 are not necessarily indicative of the operating results for the full years.
Cash and cash equivalents	Cash and cash equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Exploration Stage Company	Exploration Stage Company
	The Company is in the exploration stage as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 “Development-Stage Entities,” and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, movement in stockholders’ equity (deficit) and cash flows disclosed activity since the date of our inception (December 5, 2005) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. The Company has elected to early adopt these provisions and consequently these additional disclosures are not included in these financial statements.
Use of Estimates and Assumptions	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Derivative Liability	Derivative Liability
	The Company evaluates its convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, “Derivatives and Hedging.” The result of this accounting treatment is that the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income (expense). Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815 are reclassified to liabilities at the fair value of the instrument on the reclassification date. We analyzed the derivative financial instruments (the Convertible Note), in accordance with ASC 815. The objective is to provide guidance for determining whether an equity-linked financial instrument is indexed to an entity’s own stock. This determination is needed for a scope exception which would enable a derivative instrument to be accounted for under the accrual method. The classification of a non-derivative instrument that falls within the scope of ASC 815-40-05 “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock” also hinges on whether the instrument is indexed to an entity’s own stock. A non-derivative instrument that is not indexed to an entity’s own stock cannot be classified as equity and must be accounted for as a liability. There is a two-step approach in determining whether an instrument or embedded feature is indexed to an entity’s own stock. First, the instrument's contingent exercise provisions, if any, must be evaluated, followed by an evaluation of the instrument's settlement provisions. The Company utilized multinomial lattice models that value the derivative liability within the notes based on a probability weighted discounted cash flow model. The Company utilized the fair value standard set forth by the Financial Accounting Standards Board, defined as the amount at which the assets (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale.
Fair Value Measurements	Fair Value Measurements
	The Company adopted ASC No. 820-10 (ASC 820-10), Fair Value Measurements. ASC 820-10 relates to financial assets and financial liabilities.
	ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions.
	ASC 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below:
	Level 1. Observable inputs such as quoted prices in active markets;
	Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
	Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	The carrying value of cash, accounts payable, accounts payable – related party and note payable related party approximates their fair value due to the short-term maturity of these financial instruments.
Income Taxes	Income Taxes
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740 “Accounting for Income Taxes” as of its inception. Pursuant to ASC 740, the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in this financial statement because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share
	The Company computes loss per share in accordance with ASC-260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
	The Company has previously had potentially dilutive debt instruments outstanding in the form of convertible notes payable – related party. However, as the Company has incurred losses since Inception, these potentially dilutive shares of common stock have been excluded from the calculation of loss per share as their effect would have been anti-dilutive. Consequently basic and diluted loss per share were identical for the three months ended December 31, 2014 and 2013.
	No potentially dilutive debt or equity instruments were issued or outstanding during the three months ended December 31, 2014.
Advertising	Advertising
	The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the three month periods ended December 31, 2014 and 2013.
Stock-based Compensation	Stock-based Compensation
	The Company records stock based compensation in accordance with the guidance in ASC Topic 718 (Accounting for Share Based Payments) which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award.
Revenue Recognition	Revenue Recognition
	The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, Revenue Recognition (“ASC-605”). ASC-605 requires that four basic criteria must be met before revenue can be recognized:: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required
Correction of an error in previously issued financial statements	Correction of an error in previously issued financial statements
	The Company follows guidance under ASC 250-10-45-23 for reporting any error in the financial statements of a prior period discovered after the financial statements are issued or are available to be issued. The current comparative statements as presented reflect the retroactive application of any error corrections. Certain of the balances reported in the unaudited condensed interim financial statements for the three months ended December 31, 2013 reported on Form 10-Q, have been retroactively adjusted to reflect the adjustments made as a result of the audit of the financial statements for the year ended September 31, 2014. The details are summarized in Note 7 below.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	The Company does not believe that other than disclosed above, recently issued, but not yet adopted, accounting pronouncements will have a material impact on its financial position, results of operations or cash flows.

5_CONVERTIBLE_NOTES_PAYABLE_RE1

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTY AND DERIVATIVE LIABILITIES (Tables)	3 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Convertible Notes Payable	Balance, September 30, 2013	$	173,856
	Debt Conversion		(171,476	)
	Change in fair market value of derivative liabilities due to the mark to market adjustment		252
	Cancellation of the conversion feature		(2,632	)
	Balance at December 31, 2013	$	—

6_COMMON_STOCK_Tables

6. COMMON STOCK (Tables)	3 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Common Stock	Derivative liability	$	171,476
	Convertible notes payable		76,650
	Unamortized discount on convertible notes payable		(57,618	)
	Interest expense to October 4, 2013		2,212
	Value of shares issued to settle liabilities	$	192,720

7_CORRECTION_OF_ERRORS_IN_PREV1

7. CORRECTION OF ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	3 Months Ended
	Dec. 31, 2014
Accounting Changes and Error Corrections [Abstract]
Correction of Errors in Previously Issued Financial Statements		Three months ended
		31-Dec-13
		As reported			Changes			Revised
	Statement of Operations:
	Compensation expense	$	99,686		$	235,594		$	335,280
	Gain on conversion of accounts payable		—			(16,314	)		(16,314	)
	Loss on debt conversion		193,258			(193,258	)		—
	Interest expense		59,273			(55,407	)		3,866
	Net loss		(354,562	)		29,384			(325,178	)
	Settlement of accounts payable with stock		—			(205	)		(205	)
	Cash Flow from Operating Activities		(38	)		—			(38	)

1_ORGANIZATION_AND_BUSINESS_OP1

1. ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative)	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 29, 2013	Sep. 30, 2014	Sep. 30, 2014
Accounting Policies [Abstract]
Stock issued to Officer for Services, Shares	38,100,000	23,241	38,100,000

2_GOING_CONCERN_Details_Narrat

2. GOING CONCERN (Details Narrative) (USD $)	109 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Incurred Loss	($734,874)
Shareholder Deficit	($74,206)

4_RELATED_PARTY_TRANSACTIONS_D

4. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Related Party Transactions [Abstract]
Advances from Related Party	$72,671	$66,671
Note payable - related party	$1,174	$1,174

5_CONVERTIBLE_NOTES_PAYABLE_RE2

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTY AND DERIVATIVE LIABILITIES - Convertible Notes Payable (Details) (USD $)	3 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Beginning Balance	$173,856
Debt Conversion	-171,476
Change in fair market value of derivative liabilities due to the mark to market adjustment	252
Cancellation of the conversion feature	-2,632
Ending Balance

5_CONVERTIBLE_NOTES_PAYABLE_RE3

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTY AND DERIVATIVE LIABILITIES (Details Narrative) (USD $)	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jul. 01, 2013
Debt Disclosure [Abstract]
Convertible Notes Payable - Related Party	$1,174	$20,206	$77,824
Discount on Convertible Notes Payable - Related Party	57,618	0	57,618
Current Derivative Liabilities		2,632	173,856
Change in Fair Value of Derivative Liabilties	2,380
Stock issued for debt, shares	29,100,002
Stock issued for debt, Value	$76,650	$192,720

6_COMMON_STOCK_Common_Stock_De

6. COMMON STOCK - Common Stock (Details) (USD $)	3 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Derivative liability	$171,476
Convertible notes payable	76,650
Unamortized discount on convertible notes payable	-57,618
Interest expense	2,212
Value of shares issued to settle liabilities	$192,720

6_COMMON_STOCK_Details_Narrati

6. COMMON STOCK (Details Narrative) (USD $)	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 29, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Oct. 05, 2013	Oct. 02, 2013	Apr. 25, 2013
Equity [Abstract]
Reverse Stock Split							1
Common Stock Shares Authorized	300,000,000			300,000,000	300,000,000	300,000,000				300
Common Stock, Par Value	$0.00			$0.00	$0.00	$0.00				$0.00
Stock issued to Officer, Shares		38,100,000		23,241		38,100,000
Stock issued for services, Value		$335,280	$335,280	$16,519
Stock Issued for Services, Value per share			$0.01					$0.01	$0.01
Stock Issued for Debt, Shares					21,900,002
Stock issued for Debt, Value	76,650				192,720
Gain on Conversion			$16,314	$16,314

7_CORRECTION_OF_ERRORS_IN_PREV2

7. CORRECTION OF ERRORS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Correction of Errors in Previously Issued Financial Statements (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2014
Loss on debt conversion		$16,314	$16,314
Interest expense		-3,866
Net loss	-4,747	-325,178
Cash Flow from Operating Activities	-4,300	-38
Scenario, Previously Reported [Member]
Compensation expense		99,686
Gain on conversion of accounts payable
Loss on debt conversion		193,258
Interest expense		59,273
Net loss		-354,562
Settlement of accounts payable with stock
Cash Flow from Operating Activities		-38
Scenario, Adjustment [Member]
Compensation expense		235,594
Gain on conversion of accounts payable		-16,314
Loss on debt conversion		-193,258
Interest expense		-55,407
Net loss		29,384
Settlement of accounts payable with stock		-205
Cash Flow from Operating Activities
Restatement Adjustment [Member]
Compensation expense		335,280
Gain on conversion of accounts payable		-16,314
Loss on debt conversion
Interest expense		3,866
Net loss		-325,178
Settlement of accounts payable with stock		-205
Cash Flow from Operating Activities		($38)