Document and Entity Information
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2024 $ / shares shares | Jun. 30, 2024 shares | |
Details | ||
Registrant CIK | 0001411168 | |
Fiscal Year End | --12-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 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 | Q2 |
Balance Sheet (unaudited)
Balance Sheet (unaudited) | Jun. 30, 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 | Jun. 30, 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 | 198 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 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 | 198 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 June 30, 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 | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 June 30, 2024: · · |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies: Accounting Method (Policies) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 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 June 30, 2024. |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies: Earnings Per Share (Policies) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 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) | Jun. 30, 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 |