REMSleep (RMSL) 10-Q 22 Feb 17 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2016shares
Document and Entity Information:
Entity Registrant Name	RemSleep Holdings Inc.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Trading Symbol	rmsl
Amendment Flag	false
Entity Central Index Key	1,412,126
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	373,940
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONDENSED BALANCE SHEETS (UNAUD

CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash in Bank	$ 69	$ 108
Prepaid Expenses	5,000	5,000
TOTAL CURRENT ASSETS	5,069	5,108
PROPERTY AND EQUIPMENT - net	13,533	13,762
TOTAL ASSETS	18,602	18,870
CURRENT LIABILITIES
Accounts payable	226,398	226,398
LONG TERM LIABILITIES - Shareholder Loan	110,211	87,219
TOTAL LIABILITIES	336,609	313,617
STOCKHOLDERS' EQUITY (DEFICIT)
Series A preferred stock, no par value, 5,000,000 shares authorized 0 March 31, 2016 and December 31, 2015, respectively	0	0
Series B preferred stock, no par value, 5,000,000 shares authorized, 0 shares issued at March 31, 2016 and December 31, 2015.	0	0
Series C preferred stock, no par value, 5,000,000 shares authorized, 0 shares issued at March 31, 2016 and December 31, 2015.	0	0
Common stock, $.001 par value, 1,000,000,000 shares authorized, 61,012,077 and 61,012,077 shares issued and outstanding at March 31, 2016 and December 31, 2015 , respectively	61,212	61,012
Common stock to be issued, $.001 par value, 3,750 shares atMarch 31, 2016 and, December 31, 2015, respectively	4	4
Additional paid in capital	(174,542)	(177,342)
Deficit	(204,681)	(178,421)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(318,007)	(294,747)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 18,602	$ 18,870

CONDENSED BALANCE SHEETS PARENT

CONDENSED BALANCE SHEETS PARENTHETICALS - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Preferred Series A
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued and outstanding	0	0
Preferred Series B
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued and outstanding	0	0
Preferred Series C
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued and outstanding	0	0
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	61,212,077	61,012,227
Common Stock, shares outstanding	61,212,077	61,012,227
Common stock to be issued, par value	$ 0.001	$ 0.001
Common stock to be issued, shares	3,750	3,750

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
EXPENSES:
Accounting and legal	$ 16,406	$ 13,411
Public company costs	7,236	10,000
Officer compensation	0	9,000
Office and other expenses	2,389	1,523
Depreciation	229	229
Total expenses	26,260	34,163
Loss from operations	(26,260)	(34,163)
Loss before income taxes	(26,260)	(34,163)
Provision for income taxes	0	0
NET LOSS	$ (26,260)	$ (34,163)
Basic and fully diluted net loss per share	$ (0.10)	$ (0.20)
Weighted average common shares outstanding	258,384	173,940

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (26,260)	$ (34,163)
Adjustments to reconcile net loss to net cash (used in) operations:
Depreciation	229	229
NET CASH PROVIDED BY OPERATING ACTIVITIES	(26,031)	(33,934)
CASH FLOWS FROM INVESTING ACTIVITIES:
Stock issued as compensation	3,000	0
Purchase of equipment	0	(10,331)
NET CASH USED BY INVESTING ACTIVITIES	3,000	(10,331)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder loan	22,992	44,265
NET CASH PROVIDED BY FINANCING ACTIVITIES	22,992	44,265
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(39)	0
CASH AND CASH EQUIVALENTS,
BEGINNING OF THE YEAR	108	0
END OF THE YEAR	$ 69	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Activity REMSleep Holdings, Inc., f/k/a/ Kat Gold Holdings Corp. (the “Company”) was incorporated in the State of Nevada on June 6, 2007. Following its acquisition of Handcamp on June 4, 2010, a gold property located in the Province of Newfoundland and Labrador, Canada (“Handcamp”), the Company changed its business model to that of a mineral acquisition, exploration and development company focused primarily on gold properties. On August 26, 2010, the Company’s name was changed from Bella Viaggio, Inc. to Kat Gold Holdings corp. As of this annual report, the Company has not generated any revenues but has incurred expenses related to the drilling and exploration of Handcamp. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. The Company has not yet earned any revenue from operations. Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Cash and Cash Equivalents For purposes of the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents. The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards for the reporting and display of comprehensive income and its components in the consolidated financial statements. Long-Lived Assets The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification for disclosures about Impairment or Disposal of Long-Lived Assets. Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair market value, which is determined based on either discounted future cash flows or appraised values. The company adopted the statement on inception. No impairments of these types of assets were recognized during the period ended March 31, 2016. Risk and Uncertainties The Company is subject to risks common to companies in the mining industry, including, but not limited to, litigation, development of new technological mining innovations and dependence on key personnel. As of January 5, 2015, the Company is subject to risks common to manufacturing and health product providers. Advertising Costs Advertising costs are expensed as incurred. The Company does not incur any direct-response advertising costs. Stock-Based Compensation The company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure about stock based compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. Fair Value for Financial Assets and Financial Liabilities The company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets and liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by the market data. The carrying amounts of the company's financial assets and liabilities, such as cash, accounts receivable, rent deposit, accounts payable, customer deposits and notes payable approximate their fair values because of the short maturity of these instruments. There were no assets or liabilities measured at fair value on a nonrecurring basis during the period ended March 31, 2016. Fair Value of Financial Statements The Company’s financial instruments consist of cash and security deposits. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Loss Per Share Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of March 31, 2016 and December 31, 2015. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax basic of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the company's policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of March 31, 2016 there have been no interest or penalties incurred on income taxes. 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 will cause a material impact on its financial condition or the results of its operations.

DUE TO RELATED PARTY

DUE TO RELATED PARTY	3 Months Ended
	Mar. 31, 2016
DUE TO RELATED PARTY:
DUE TO RELATED PARTY	NOTE 2: DUE TO RELATED PARTY Due to related parties were $211,026 as of March 31, 2016 and $188,034 as of December 31, 2015. The funds borrowed from the Company's stockholder were to fund the Company's daily operations.

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Mar. 31, 2016
CAPITAL STOCK:
CAPITAL STOCK	NOTE 3: CAPITAL STOCK The company is currently authorized to issue 5,000,000 Class A preferred shares with $0.001 per value with 1:25 voting rights. On February 25, 2016 the company issued 2 million Class A preferred shares. As of March 31, 2016, there were 2 million class A preferred shares issued and outstanding. On February 23, 2016, the company issued as compensation for services provided a total of 200,000 common shares with a fair value of $3,000 to a third party. The fair value of the shares was based on the price quoted on the OTC bulletin board on the grant date. On March 26, 2015, a 1:2,000 reverse split was completed. On April 17, 2013, the company issued as compensation for services provided a total of 3,000,000 common shares with a fair value of $9,900 to a third party. The fair value of the shares was based on the price quoted on the OTC bulletin board on the grant date. On October 12, 2012, the company signed a subscription agreement to issued 166,667 common shares in exchange of $5,000. As of December 31, 2013, 166,667 common shares to be issued are recorded. These 166,667 common shares were issued on February 13, 2013. On July 5, 2012, the company issued 333,333 common shares in exchange of $10,000. On April 18, 2012, the company executed a securities purchase agreement (the "Purchase Agreement") with Global Gold Incorporated, a corporation organized under the laws of the Province of British Columbia ("Global Gold") and the shareholders of Global Gold (the "Sellers"), pursuant to which the company acquired all of the issued and outstanding shares of the capital stock of Global Gold. The consideration (the "Purchase Price") paid by the company to the sellers was an aggregate of one hundred sixty-one million (161,000,000) shares of the company's common stock, par value $0.001 per share ( the "Common Stock"), of which one hundred eighteen million two hundred sixty-three thousand one hundred fifty-eight (118,263,158) shares of common stock payable to Thomas Brookes ("Brookes") and Matthew Sullivan ("Sullivan") were placed in escrow and will be released in accordance with the terms of an Escrow Agreement, described below. The purchase agreement also provided that Brookes and Sullivan will be appointed to the Board of Directors of the Company, and that each of Kenneth Stead, Timothy Stead, Brookes and Sullivan will vote their shares of stock of the company in favor of each other as directors so long as the parties maintain an ownership interest of at least five percent (5%) of the company's outstanding common stock and until the earlier of (i) eighteen (18) months from the date of the closing of the Global Gold transaction if the company has not received revenues of at least One Million Dollars ($1,000,000) from the production of the Ekom Eya mine in Ghana; or (ii) three (3) years from the date of the closing. On April 12, 2012, the company entered into an Escrow Agreement with Brookes, Sullivan and Gracin & Marlow, LLP, as escrow agent (the "Escrow Agreement"), pursuant to which the parties agreed that one hundred eighteen million two hundred sixty-three thousand one hundred fifty-eight (118,263,158) shares of common stock (the "Escrow Shares') will be released to Brookes and Sullivan if and when the company has received revenues of at least one million dollars ($1,000,000) from the production of the Ekom Eya mine in Ghana (the "Milestone"); provided, however, that if the Milestone is not achieved by the date that is two (2) years from the date of the Escrow Agreement, the escrow agent will release to the company for cancellation all of the Escrow Shares, unless otherwise agreed to by the company and Brookes and Sullivan. In connection with the purchase agreement, described below, the company will issue to the sellers one hundred sixty-one million (161,000,000) shares of common stock. These securities will be issued in reliance on Section 4(2) of the securities act of 1933, as amended (the "Securities Act"). The issuance will not involve any general solicitation or advertising by us. The sellers acknowledged the existence of transfer restrictions applicable to the securities to be sold by us. Certificates representing the securities to be sold contain a legend stating the restrictions on transfer to which such securities are subject. The shares were recorded at $.10 per share, the price of the stock at the issuance date and date of contract. The $16,100,000 purchase price was immediately written off due to no future realization of cash flows and worthlessness. On February 27, 2014 the Purchase Agreement is terminated by executed a share exchange agreement (the "agreement") with Global Gold. The agreement provides in part that 118,263,158 shares of our common stock previously issued to Mr. Sullivan and Mr. Brookes be returned to the company and cancelled. In consideration for the delivery of the 118,263,158 shares of Kat Gold common stock, Kat Gold will deliver to Mr. Brookes and Mr. Sullivan all of the issued and outstanding shares of Global Gold owned by Kat Gold. A total of 42,736,842 shares of Kat Gold common stock previously issued to the minority shareholders of Global Gold shall remain issued and outstanding.

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
	Mar. 31, 2016
LOSS PER SHARE:
LOSS PER SHARE	NOTE 4 LOSS PER SHARE Loss per share is computed by dividing the net income (loss) by the weighted average number of common shares outstanding during the period. Basic and diluted loss per share was ($0.10) and ($0.20) for the three months ended March 31, 2016 and 2015.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Mar. 31, 2016
SUPPLEMENTAL CASH FLOW INFORMATION:
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 5 SUPPLEMENTAL CASH FLOW INFORMATION Supplemental disclosures of cash flow information for the quarter ended March 31, 2016 and 2015 are summarized as follows: Cash paid during the periods for interest and income taxes: 2016 2015 Income Taxes $ -- $ -- Interest $ -- $ --

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
COMMITMENTS AND CONTINGENCIES:
COMMITMENTS AND CONTINGENCIES	NOTE 6 COMMITMENTS AND CONTINGENCIES Certain of the Company’s officers and directors are involved in other related business activities and most likely will become involved in other business activities in the future.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2016
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 7 RELATED PARTY TRANSACTIONS The Company has received support from a party related through common ownership and directorship. All of the expenses herein have been borne by this individual on behalf of the Company and the direct vendor payments are treated as capital contributions and shareholder loans in the accompanying financial statements.

GOING CONCERN AND UNCERTAINTY

GOING CONCERN AND UNCERTAINTY	3 Months Ended
	Mar. 31, 2016
GOING CONCERN AND UNCERTAINTY
GOING CONCERN AND UNCERTAINTY	NOTE 8 GOING CONCERN AND UNCERTAINTY The Company has suffered recurring losses from operations since inception. In addition, the Company has yet to generate an internal cash flow from its business operations. These factors raise substantial doubt as to the ability of the Company to continue as a going concern. Management’s plans with regard to these matters encompass the following actions: 1) to raise financing to enable it to continue to locate, explore and develop mineral properties as well as to generate working capital, and 2) to sell mineral properties that it has located, explored and developed by attempting to enter into joint ventures with, or to sell interests in any property it manages to develop to, a major mining company. The Company’s continued existence is dependent upon its ability to resolve its lack of liquidity and begin generating profits in its current business operations. However, the outcome of management’s plans cannot be ascertained with any degree of certainty. The accompanying financial statements do not include any adjustments that might result from the outcome of these risks and uncertainties.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 9 SUBSEQUENT EVENTS The Company has evaluated subsequent events from March 31, 2016 through February 8, 2017 the date the financial statements were available to be issued and determined that there have been no subsequent events after March 31, 2016 for which disclosure is required.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (POLICIES)	3 Months Ended
	Mar. 31, 2016
SIGNIFICANT ACCOUNTING POLICIES (POLICIES):
Business Activity	Business Activity REMSleep Holdings, Inc., f/k/a/ Kat Gold Holdings Corp. (the “Company”) was incorporated in the State of Nevada on June 6, 2007. Following its acquisition of Handcamp on June 4, 2010, a gold property located in the Province of Newfoundland and Labrador, Canada (“Handcamp”), the Company changed its business model to that of a mineral acquisition, exploration and development company focused primarily on gold properties. On August 26, 2010, the Company’s name was changed from Bella Viaggio, Inc. to Kat Gold Holdings corp. As of this annual report, the Company has not generated any revenues but has incurred expenses related to the drilling and exploration of Handcamp. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. The Company has not yet earned any revenue from operations.
Accounting Basis	Accounting Basis The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a December 31 fiscal year end.
Use of Estimates, Policy	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents For purposes of the Statements of Cash Flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents. The Company reports comprehensive income and its components following guidance set forth by section 220-10 of the FASB Accounting Standards Codification which establishes standards for the reporting and display of comprehensive income and its components in the consolidated financial statements.
Long-Lived Assets	Long-Lived Assets The Company evaluates the recoverability of its fixed assets and other assets in accordance with section 360-10-15 of the FASB Accounting Standards Codification for disclosures about Impairment or Disposal of Long-Lived Assets. Disclosure requires recognition of impairment of long-lived assets in the event the net book value of such assets exceeds its expected cash flows. If so, it is considered to be impaired and is written down to fair market value, which is determined based on either discounted future cash flows or appraised values. The company adopted the statement on inception. No impairments of these types of assets were recognized during the period ended March 31, 2016.
Risk and Uncertainties	Risk and Uncertainties The Company is subject to risks common to companies in the mining industry, including, but not limited to, litigation, development of new technological mining innovations and dependence on key personnel. As of January 5, 2015, the Company is subject to risks common to manufacturing and health product providers.
Advertising Costs, Policy	Advertising Costs Advertising costs are expensed as incurred. The Company does not incur any direct-response advertising costs.
Stock-Based Compensation	Stock-Based Compensation The company accounts for stock-based compensation using the fair value method following the guidance set forth in section 718-10 of the FASB Accounting Standards Codification for disclosure about stock based compensation. This section requires a public entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award- the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service.
Fair Value for Financial Assets and Financial Liabilities	Fair Value for Financial Assets and Financial Liabilities The company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification ("paragraph 820-10-35-37") to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets and liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally observable inputs and not corroborated by the market data. The carrying amounts of the company's financial assets and liabilities, such as cash, accounts receivable, rent deposit, accounts payable, customer deposits and notes payable approximate their fair values because of the short maturity of these instruments. There were no assets or liabilities measured at fair value on a nonrecurring basis during the period ended March 31, 2016.
Fair Value of Financial Statements	Fair Value of Financial Statements The Company’s financial instruments consist of cash and security deposits. The carrying amount of these financial instruments approximates fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.
Loss Per Share	Loss Per Share Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of March 31, 2016 and December 31, 2015.
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax basic of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the company's policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of March 31, 2016 there have been no interest or penalties incurred on income taxes.
Recent Accounting Pronouncements	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 will cause a material impact on its financial condition or the results of its operations.

SUPPLEMENTAL CASH FLOW INFORM16

SUPPLEMENTAL CASH FLOW INFORMATION (TABLES)	3 Months Ended
	Mar. 31, 2016
SUPPLEMENTAL CASH FLOW INFORMATION (TABLES):
SUPPLEMENTAL CASH FLOW INFORMATION (TABLES)	Cash paid during the periods for interest and income taxes: 2016 2015 Income Taxes $ -- $ -- Interest $ -- $ --

DUE TO RELATED PARTY (Details)

DUE TO RELATED PARTY (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
DUE TO RELATED PARTY Details
Due to related party	$ 211,026	$ 188,034

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	Mar. 31, 2016$ / sharesshares	Feb. 25, 2016shares	Feb. 23, 2016USD ($)shares	Mar. 26, 2015	Feb. 27, 2014shares	Apr. 17, 2013USD ($)shares	Feb. 13, 2013shares	Oct. 12, 2012USD ($)shares	Jul. 05, 2012USD ($)shares	Apr. 18, 2012USD ($)$ / sharesshares
CAPITAL STOCK Details
Class A preferred shares authorized	5,000,000
Class A preferred par value per share | $ / shares	$ 0.001
Class A preferred shares issued		2,000,000
Class A preferred shares issued and outstanding	2,000,000
Issued shares as compensation for services provided a total			200,000
Common shares with a fair value to a third party | $			$ 3,000
Reverse split completed 1 for				2,000
Common shares issued for compensation						3,000,000
Value of common shares issued for compensation | $						$ 9,900
Subscription agreement								166,667
Common shares exchange for the amount | $								$ 5,000	$ 10,000
Common shares to be issued are recorded							166,667	166,667	333,333
Aggregate consideration paid by the Company to the sellers										161,000,000
Aggregate consideration paid by the Company to the sellers, par value per share | $ / shares										$ 0.001
Common stock payable to Thomas Brookes and Matthew Sullivan placed in escrow										118,263,158
Company has to receive revenues | $										$ 1,000,000
Company will issue to the sellers										161,000,000
Shares were recorded at per share | $ / shares										$ 0.10
Purchase price was written off due to no future realization of cash flows and worthlessness | $										$ 16,100,000
Shares issued to Mr. Sullivan and Mr. Brookes be returned to the company and cancelled					118,263,158
Total shares of Kat Gold common stock					42,736,842

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
LOSS PER SHARE Details
Basic and diluted loss per share	$ (0.10)	$ (0.20)

SUPPLEMENTAL CASH FLOW INFORM20

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash paid during the years for interest and income taxes:
Income Taxes	$ 0	$ 0
Interest	$ 0	$ 0