Dutch Oven Gold (DUG) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information		3 Months Ended
	Mar. 31, 2024 $ / shares shares	Mar. 31, 2024 shares
Details
Registrant CIK		0001411168
Fiscal Year End		--12-31
Document Type		10-Q
Document Quarterly Report		true
Document Period End Date		Mar. 31, 2024
Document Transition Report		false
Securities Act 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		925-76594
Phone Fax Number Description		Issuer's telephone number
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
Entity Shell Company		true
Entity Common Stock, Shares Outstanding | shares	111,840,000	111,840,000
Entity Listing, Par Value Per Share | $ / shares	$ 0.0001
Amendment Flag		false
Document Fiscal Year Focus		2024
Document Fiscal Period Focus		Q1

Balance Sheet (unaudited)

Balance Sheet (unaudited)	Mar. 31, 2024 USD ($)
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 0
Assets, Current	0
Liabilities and Equity
Total Liabilities	0
Stockholders' Equity (Deficit)
Preferred Stock, Value, Issued	0
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 Sheet (unaudited) - Par

Balance Sheet (unaudited) - Parenthetical	Mar. 31, 2024 $ / shares shares
Balance Sheet (unaudited)
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

Statements of Operations (unaud

Statements of Operations (unaudited) - USD ($)	3 Months Ended		195 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024
Revenues
Revenues	$ 0	$ 0	$ 0
Cost of Revenue	0	0	0
Gross Profit	0	0	0
Operating Expenses
General & Administrative Expenses	0	0	64,161
Operating Expenses	0	0	64,161
Net Income (Loss) Attributable to Parent	$ 0	$ 0	$ (64,161)
Earnings Per Share
Earnings Per Share, Basic and Diluted	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic and Diluted	111,840,000	111,840,000	111,840,000

Statements of Cash Flows (unaud

Statements of Cash Flows (unaudited) - USD ($)	3 Months Ended		195 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 0	$ 0	$ (64,161)
Issuance of Stock and Warrants for Services or Claims	0	0	64,161
Net Cash Provided by (Used in) Operating Activities	0	0	0
Net Cash Provided by (Used in) Investing Activities
Net Cash Provided by (Used in) Investing Activities	0	0	0
Net Cash Provided by (Used in) Financing Activities
Net Cash Provided by (Used in) Financing Activities	0	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	0	0	0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance	0	0	0
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	0	0	0
Non-cash Financing and Investment Activities
Issuance of Stock and Warrants for Services or Claims	0	0	64,161
Supplemental Cash Flow Information
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	0	0	0
Income Taxes Paid	$ 0	$ 0	$ 0

Note 1 - Description of Busines

Note 1 - Description of Business	3 Months Ended
	Mar. 31, 2024
Notes
Note 1 - Description of Business	NOTE 1 - DESCRIPTION OF BUSINESS Basis of Presentation Dutch Oven Gold Group Inc. (F/K/A Nexam Acquisition Corp.) (the "Company") was incorporated under the laws of the State of Delaware on January 11, 2008 and has been inactive since inception. The Company 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. The Company has not earned any revenue from operations. Accordingly, the Company's activities have been accounted for as those of a "Development Stage Enterprise" as set forth in Financial Accounting Standards Board Statement No. 7 ("SFAS 7"). The Company's financial statements are 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 the Company's inception.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Method The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31. 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, 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. Actual results could differ from those estimates. Cash Equivalents The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. Income Taxes Income taxes are provided in accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred income tax expenses or benefits due to the Company not having any material operations for period ended March 31, 2024. Earnings per Share The Company adopted the provisions of SFAS No. 128, "Earnings Per Share" ("EPS"). SFAS No. 128 provides for the calculation of basic and diluted earnings per share. Basic EPS includes no dilution and is computed by dividing income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings or losses of the entity. Such amounts include shares potentially issuable pursuant to shares to be issued, convertible debentures and outstanding options and warrants. Impact of New Accounting Standards The Company does not expect the adoption of recently issued accounting pronouncements to have a material impact on the Company's results of operations, financial position, or cash flow.

Note 3 - Going Concern

Note 3 - Going Concern	3 Months Ended
	Mar. 31, 2024
Notes
Note 3 - Going Concern	NOTE 3 - GOING CONCERN The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"), and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company currently has no source of revenue to cover its costs. The Company will limit all operational activities to searching and consummating a business combination. The Company will offer non-cash consideration and seek equity lines as the sole method of financing for the near term. If the Company is unable to secure financing until a business combination is consummated, it may substantially limit or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

Note 4 - Shareholder's Equity

Note 4 - Shareholder's Equity	3 Months Ended
	Mar. 31, 2024
Notes
Note 4 - Shareholder's Equity	NOTE 4 - SHAREHOLDER'S EQUITY The Company'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. The Company has the following classes of capital stock as of March 31, 2024: · ·

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies: Accounting Method (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Accounting Method	Accounting Method The Company's financial statements are prepared using the accrual method of accounting. The Company has elected a fiscal year ending on December 31.

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Use of Estimates	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, 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. Actual results could differ from those estimates.

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies: Cash Equivalents (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Income Taxes	Income Taxes Income taxes are provided in accordance with Statement of Financial Accounting Standards No. 109 (SFAS 109), Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred income tax expenses or benefits due to the Company not having any material operations for period ended March 31, 2024.

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies: Earnings Per Share (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Earnings Per Share	Earnings per Share The Company adopted the provisions of SFAS No. 128, "Earnings Per Share" ("EPS"). SFAS No. 128 provides for the calculation of basic and diluted earnings per share. Basic EPS includes no dilution and is computed by dividing income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of securities that could share in the earnings or losses of the entity. Such amounts include shares potentially issuable pursuant to shares to be issued, convertible debentures and outstanding options and warrants.

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies: Impact of New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2024
Policies
Impact of New Accounting Standards	Impact of New Accounting Standards The Company does not expect the adoption of recently issued accounting pronouncements to have a material impact on the Company's results of operations, financial position, or cash flow.

Note 1 - Description of Busin_2

Note 1 - Description of Business (Details)	3 Months Ended
	Mar. 31, 2024
Details
Entity Incorporation, State or Country Code	DE
Entity Incorporation, Date of Incorporation	Jan. 11, 2008

Note 4 - Shareholder's Equity (

Note 4 - Shareholder's Equity (Details)	Mar. 31, 2024 $ / 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