Dutch Oven Gold (DUG) 10-K 18 Jan 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Details
Registrant CIK	0001411168
Fiscal Year End	--12-31
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-53120
Entity Registrant Name	DUTCH OVEN GOLD GROUP INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	P.O. Box 91983
Entity Address, City or Town	West Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V7V4S4
Entity Address, Address Description	Address of principal executive offices
City Area Code	604
Local Phone Number	925-7659
Phone Fax Number Description	Registrant’s telephone number, including area code
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	true
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding	111,840,000
Entity Listing, Par Value Per Share	$ 0.0001
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Auditor Name	PricewaterhouseCoopers
Auditor Firm ID	238
Auditor Location	Vancouver, British Columbia, Canada V6C 3S7

Balance Sheets

Balance Sheets	Dec. 31, 2023 USD ($)
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 0
Assets, Current	0
Assets	0
Liabilities and Equity
Current Liabilities	0
Total Liabilities	0
Stockholders' Equity (Deficit)
Common Stock, Value, Issued	11,184
Additional Paid in Capital	52,977
Deficit accumulated during development stage	(64,161)
Total Stockholders' Equity (Deficit)	0
Liabilities and Equity	$ 0

Balance Sheets - Parenthetical

Balance Sheets - Parenthetical	Dec. 31, 2023 $ / shares shares
Balance Sheets
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Common Stock, Shares Authorized	250,000,000
Common Stock, Shares, Issued	111,840,000
Common Stock, Shares, Outstanding	111,840,000

Income Statement

Income Statement - USD ($)	12 Months Ended	192 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Revenues
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0
Revenues	0	0
Operating Costs and Expenses
General and Administrative Expense	64,161	64,161
Total Operating Costs and Expenses	64,161	64,161
Net Income (Loss) Attributable to Parent	$ (64,161)	$ (64,161)
Earnings Per Share, Basic	$ 0	$ 0
Basic and diluted weighted average common shares outstanding	111,840,000	111,840,000

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Deficit) - 192 months ended Dec. 31, 2023 - USD ($)	Common Stock	Common Stock Common shares issued for services to founder at $.0001 per share, January 11, 2008 (inception)	Common Stock Common shares issued for services rendered at $.0005 per share, June 3, 2008	Common Stock Common shares issued for services rendered at $.0012 per share, June 3, 2008	Common Stock Common shares issued for services rendered at $.0012 per share, October 1, 2008	Additional Paid-in Capital	Additional Paid-in Capital Common shares issued for services to founder at $.0001 per share, January 11, 2008 (inception)	Additional Paid-in Capital Common shares issued for services rendered at $.0005 per share, June 3, 2008	Additional Paid-in Capital Common shares issued for services rendered at $.0012 per share, June 3, 2008	Additional Paid-in Capital Common shares issued for services rendered at $.0012 per share, October 1, 2008	Retained Earnings	Retained Earnings Common shares issued for services to founder at $.0001 per share, January 11, 2008 (inception)	Retained Earnings Common shares issued for services rendered at $.0005 per share, June 3, 2008	Retained Earnings Common shares issued for services rendered at $.0012 per share, June 3, 2008	Retained Earnings Common shares issued for services rendered at $.0012 per share, October 1, 2008	Total	Common shares issued for services to founder at $.0001 per share, January 11, 2008 (inception)	Common shares issued for services rendered at $.0005 per share, June 3, 2008	Common shares issued for services rendered at $.0012 per share, June 3, 2008	Common shares issued for services rendered at $.0012 per share, October 1, 2008
Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jan. 10, 2008	$ 0					$ 0					$ 0					$ 0
Shares, Outstanding, Beginning Balance at Jan. 10, 2008	0
Stock Issued During Period, Value, New Issues		$ 3,134	$ 5,082	$ 2,918	$ 50		$ 0	$ 20,327	$ 32,100	$ 550		$ 0	$ 0	$ 0	$ 0		$ 3,134	$ 25,409	$ 35,018	$ 600
Stock Issued During Period, Shares, New Issues		31,340,000	50,818,000	29,182,000	500,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 0					0					(64,161)					(64,161)
Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Dec. 31, 2023	$ 11,184					$ 52,977					$ (64,161)					$ 0
Shares, Outstanding, Ending Balance at Dec. 31, 2023	111,840,000

Statement of Cash Flows

Statement of Cash Flows	12 Months Ended
	Dec. 31, 2023 USD ($)
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (64,161)
Issuance of Stock and Warrants for Services or Claims	64,161
Net Cash Provided by (Used in) Operating Activities	0
Net Cash Provided by (Used in) Investing Activities
Net Cash Provided by (Used in) Investing Activities	0
Net Cash Provided by (Used in) Financing Activities
Net Cash Provided by (Used in) Financing Activities	0
Cash and Cash Equivalents, Period Increase (Decrease)	0
Cash and Cash Equivalents, at Carrying Value	0
Cash and Cash Equivalents, at Carrying Value	0
Non-cash Financing and Investment Activities
Issuance of Stock and Warrants for Services or Claims	64,161
Supplemental Cash Flow Information
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	0
Income Taxes Paid	$ 0

Note 1_ Business Description an

Note 1: Business Description and Organization	12 Months Ended
	Dec. 31, 2023
Notes
Note 1: Business Description and Organization	NOTE 1 BUSINESS DESCRIPTION AND ORGANIZATION Dutch Oven Gold Group Inc. was incorporated in Delaware on January 11, 2008 and has been inactive since inception. Dutch Oven Gold Group, Inc. intends to serve as a vehicle to effect an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business.

Note 2_ Summary of Significant

Note 2: Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes
Note 2: Summary of Significant Accounting Policies	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation - Development Stage Company Dutch Oven Gold Group, Inc. has not earned any revenue from operations. Accordingly, Dutch Oven Gold Group, Inc.'s activities have been accounted for as those of a "Development Stage Enterprise" as set forth in Financial Accounting Standards Board Statement No. 7. Among the disclosures required by SFAS 7 are that Dutch Oven Gold Group, Inc.'s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclose activity since the date of Dutch Oven Gold Group, Inc.'s inception. Dutch Oven Gold Group, Inc. has elected a fiscal year ending on December 31. A. Cash and cash equivalents Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and time certificates of deposit with a maturity of three months or less when purchased. B. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. C. Income Taxes Dutch Oven Gold Group, Inc. accounts for income taxes under the Financial Accounting Standards Board (FASB) Statement No. 109, "Accounting for Income Taxes." Under Statement 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. There were no current or deferred income tax expense or benefits due to Dutch Oven Gold Group, Inc. not having any material operations for the period ended December 31, 2023 D. Basic Loss Per Common Share Basic loss per common share has been calculated based on the weighted average number of shares outstanding during the period after giving retroactive effect to stock splits. There are no dilutive securities at December 31, 2023 E. Impact of New Accounting Standards Dutch Oven Gold Group, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on Dutch Oven Gold Group, Inc.'s results of operations, financial position, or cash flow.

Note 3_ Shareholder's Equity

Note 3: Shareholder's Equity	12 Months Ended
	Dec. 31, 2023
Notes
Note 3: Shareholder's Equity	NOTE 3 SHAREHOLDER'S EQUITY Preferred Stock Dutch Oven Gold Group, Inc.'s board of directors has the authority to establish and fix the designation, powers, or preferences of preferred shares without further vote by the shareholders. Dutch Oven Gold Group, Inc. has the following classes of capital stock as of December 31, 2023 · ·

Note 2_ Summary of Significan_2

Note 2: Summary of Significant Accounting Policies: Basis of Presentation - Development Stage Company (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
Basis of Presentation - Development Stage Company	Basis of Presentation - Development Stage Company Dutch Oven Gold Group, Inc. has not earned any revenue from operations. Accordingly, Dutch Oven Gold Group, Inc.'s activities have been accounted for as those of a "Development Stage Enterprise" as set forth in Financial Accounting Standards Board Statement No. 7. Among the disclosures required by SFAS 7 are that Dutch Oven Gold Group, Inc.'s financial statements be identified as those of a development stage company, and that the statements of operations, stockholders' equity and cash flows disclose activity since the date of Dutch Oven Gold Group, Inc.'s inception. Dutch Oven Gold Group, Inc. has elected a fiscal year ending on December 31.

Note 2_ Summary of Significan_3

Note 2: Summary of Significant Accounting Policies: A. Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
A. Cash and Cash Equivalents	A. Cash and cash equivalents Cash and cash equivalents include cash on hand, cash accounts, interest bearing savings accounts and time certificates of deposit with a maturity of three months or less when purchased.

Note 2_ Summary of Significan_4

Note 2: Summary of Significant Accounting Policies: B. Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
B. Use of Estimates	B. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note 2_ Summary of Significan_5

Note 2: Summary of Significant Accounting Policies: C. Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
C. Income Taxes	C. Income Taxes Dutch Oven Gold Group, Inc. accounts for income taxes under the Financial Accounting Standards Board (FASB) Statement No. 109, "Accounting for Income Taxes." Under Statement 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under Statement 109, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. There were no current or deferred income tax expense or benefits due to Dutch Oven Gold Group, Inc. not having any material operations for the period ended December 31, 2023

Note 2_ Summary of Significan_6

Note 2: Summary of Significant Accounting Policies: D. Basic Loss Per Common Share (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
D. Basic Loss Per Common Share	D. Basic Loss Per Common Share Basic loss per common share has been calculated based on the weighted average number of shares outstanding during the period after giving retroactive effect to stock splits. There are no dilutive securities at December 31, 2023

Note 2_ Summary of Significan_7

Note 2: Summary of Significant Accounting Policies: E. Impact of New Accounting Standards (Policies)	12 Months Ended
	Dec. 31, 2023
Policies
E. Impact of New Accounting Standards	E. Impact of New Accounting Standards Dutch Oven Gold Group, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on Dutch Oven Gold Group, Inc.'s results of operations, financial position, or cash flow.

Note 1_ Business Description _2

Note 1: Business Description and Organization (Details)	12 Months Ended
	Dec. 31, 2023
Details
Entity Incorporation, State or Country Code	DE
Entity Incorporation, Date of Incorporation	Jan. 11, 2008

Note 3_ Shareholder's Equity (D

Note 3: Shareholder's Equity (Details)	Dec. 31, 2023 $ / shares shares
Details
Common Stock, Shares Authorized	250,000,000
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Common Stock, Shares, Outstanding	111,840,000
Common Stock, Shares, Issued	111,840,000
Preferred Stock, Shares Authorized	20,000,000
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0