Lithium (LTUM) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Lithium Corp	'
Entity Central Index Key	'0001415332	'
Trading Symbol	'ltum	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	74,661,408
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$445,269	$807,556
Deposits	700	700
Prepaid expenses	29,334	22,401
Total Other Current Assets	475,303	830,657
OTHER ASSETS	'	'
Investment	82,132	'
Mineral properties	194,743	188,348
TOTAL ASSETS	752,178	1,019,005
CURRENT LIABILITIES	'	'
Accounts payable and accrued liabilities	21,096	12,982
TOTAL CURRENT LIABILITIES	21,096	12,982
TOTAL LIABILITIES	21,096	12,982
Commitments and contingencies	'	'
STOCKHOLDERS' EQUITY	'	'
Common stock, 3,000,000,000 shares authorized, par value $0.001; 74,661,408 and 74,911,408 common shares outstanding, respectively	74,662	74,912
Additional paid in capital	3,368,453	3,370,703
Additional paid in capital - options	120,578	120,578
Additional paid in capital - warrants	257,949	257,949
Accumulated deficit	-3,090,560	-2,818,119
TOTAL STOCKHOLDERS' EQUITY	731,082	1,006,023
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$752,178	$1,019,005

Balance_Sheets_Unaudited_Paren

Balance Sheets (Unaudited) (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2009
Statement of Financial Position [Abstract]	'	'	'
Common stock, shares authorized	3,000,000,000	3,000,000,000	'
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00
Common stock, shares outstanding	74,661,408	74,911,408	'

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
REVENUE	'	'	'	'
OPERATING EXPENSES	'	'	'	'
Professional fees	8,372	10,977	36,582	41,010
Depreciation	'	73	'	181
Exploration expenses	54,661	79,983	79,462	104,572
Consulting fees	29,338	13,750	74,863	53,200
Insurance expense	4,371	4,372	7,286	13,116
Investor relations	8,314	8,240	26,929	33,014
Transfer agent and filing fees	1,615	1,482	3,519	5,383
Travel	3,829	7,620	17,387	22,156
Stock-based compensation	'	'	'	10,089
General and administrative expenses	3,439	2,501	8,773	7,954
TOTAL OPERATING EXPENSES	113,939	128,998	254,801	290,675
LOSS FROM OPERATIONS	-113,939	-128,998	-254,801	-290,675
OTHER INCOME (EXPENSES)	'	'	'	'
Loss on investment	-17,868	'	-17,868	'
Interest income	64	96	228	284
TOTAL OTHER INCOME (EXPENSE)	-17,804	96	-17,640	284
LOSS BEFORE INCOME TAXES	-131,743	-128,902	-272,441	-290,391
PROVISION FOR INCOME TAXES	'	'	'	'
NET LOSS	($131,743)	($128,902)	($272,441)	($290,391)
NET LOSS PER SHARE: BASIC AND DILUTED (in dollars per share)	$0	$0	$0	$0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in shares)	74,661,408	74,911,408	74,676,060	74,773,130

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss for the period	($272,441)	($290,391)
Adjustments to reconcile net loss to net cash used in operating activities	'	'
Stock-based compensation	'	10,089
Amortization	'	181
Loss on investment	17,868	'
Changes in assets and liabilities:	'	'
(Increase) in deposits	'	-700
(Increase) decrease in prepaid expenses	-6,933	34,629
Increase (decrease) in accounts payable and accrued liabilities	8,114	-42,487
Net Cash Used in Operating Activities	-253,392	-288,679
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of equipment	'	-375
Purchase of long term investment	-100,000	'
Interest in mineral properties	-6,395	-24,514
Net Cash Used in Investing Activities	-106,395	-24,889
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Repurchase of stock	-2,500	'
Net Cash Used in Financing Activities	-2,500	'
Decrease in cash	-362,287	-313,568
Cash, beginning of period	807,556	1,186,651
Cash, end of period	445,269	873,083
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Cash paid for interest	'	'
Cash paid for income taxes	'	'
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Common stock issued for mineral properties	'	$8,500

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	Note 1 - Summary of Significant Accounting Policies
	Lithium Corporation (formerly Utalk Communications Inc.) (the “Company”) was incorporated on January 30, 2007 under the laws of Nevada. On September 30, 2009, Utalk Communications Inc. changed its name to Lithium Corporation.
	Nevada Lithium Corporation was incorporated on March 16, 2009 under the laws of Nevada under the name Lithium Corporation. On September 10, 2009, the Company amended its articles of incorporation to change its name to Nevada Lithium Corporation. By agreement dated October 9, 2009 Nevada Lithium Corporation and Lithium Corporation amalgamated as Lithium Corporation. Lithium Corporation is engaged in the acquisition and development of certain lithium interests in the state of Nevada, and flake graphite prospects in British Columbia. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles.
	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.
	Basis of Presentation
	The accompanying unaudited interim financial statements of Lithium Corporation have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.   Certain notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2013 as reported in Form 10-K, have been omitted.
	Cash and Cash Equivalents
	Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less.
	Concentrations of Credit Risk
	The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.
	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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Revenue Recognition
	The Company has yet to realize revenues from operations. Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.
	Loss per Share
	Basic loss per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the year. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the "if converted" method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same.
	Income Taxes
	The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities.
	Financial Instruments
	The Company's financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted.
	Mineral Properties
	Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amount. Impairment of $0 and $0 was recorded during the three and nine months ended September 30, 2014 and 2013, respectively.
	Office Lease
	The Company rents office space in Las Vegas, Nevada for $700 per month. The arrangement is on a month-by-month basis and can be terminated by either party.
	Recent Accounting Pronouncements
	On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915).   Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP.  In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity;  (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.  The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued.  The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Prepaid_Expenses

Prepaid Expenses	9 Months Ended
	Sep. 30, 2014
Prepaid Expenses [Abstract]	'
Prepaid Expenses	'
	Note 2 - Prepaid Expenses
	Prepaid expenses consisted of the following at September 30, 2014 and December 31, 2013:
		30-Sep-14		December 31,  2013
	Professional fees	$	-	$	1,925
	Exploration costs		617		-
	Bonds		16,271		16,271
	Transfer fees		450		1,800
	Insurance		10,201		-
	Office Misc.		790		1,065
	Investor relations		1,005		1,340
	Total prepaid expenses	$	29,334	$	22,401

Investment

Investment	9 Months Ended
	Sep. 30, 2014
Investment [Abstract]	'
Investment	'
	Note 3 - Investment
	Effective April 23, 2014, the Company entered into an operating agreement with All American Resources, L.L.C and TY & Sons Investments Inc. with respect to Summa, LLC, a Nevada limited liability company incorporated on December 12, 2013, wherein we hold a 25% membership. The Company's capital contribution to Summa, LLC was $125,000, of which $100,000 was in cash and the balance in services.
	The Company participated in the formation of Summa, which holds 88 fee-title patented lode claims, which cover approximately 1,191.3 acres of prospective mineral lands. The Company has recently signed a joint operating agreement with the other participants to govern the conduct of Summa, and the development of the lands. The Company’s president, Tom Lewis, has been named as a managing member of Summa.
	The investment has been accounted for using the equity method of accounting.  As such, the Company shall record its proportionate share of income or loss in the investment.  As of September 30, 2014, the Company has recorded a loss on investment of $17,868.

Mineral_Properties

Mineral Properties	9 Months Ended
	Sep. 30, 2014
Extractive Industries [Abstract]	'
Mineral Properties	'
	Note 4 - Mineral Properties
	Fish Lake Property
	The Company purchased a 100% interest in the Fish Lake property by making staged payments of $350,000 worth of common stock. Title to the pertinent claims was transferred to the Company through quit claim deed dated June 1, 2011, and this quit claim was recorded at the county level on August 3, 2011 and at the BLM on August 4, 2011. Quarterly stock disbursements were made on the following schedule:
	1st Disbursement: Within 10 days of signing agreement (paid)
	2nd Disbursement: within 10 days of June 30, 2009 (paid)
	3rd Disbursement: within 10 days of December 30, 2009 (paid)
	4th Disbursement: within 10 days of March 31, 2010 (paid)
	5th Disbursement: within 10 days of June 30, 2010 (paid)
	6th Disbursement: within 10 days of September 30, 2010 (paid)
	7th Disbursement: within 10 days of December 31, 2010 (paid)
	8th Disbursement: within 10 days of March 31, 2011 (paid)
	As at September 30, 2014, the Company has recorded $436,764 in acquisition costs related to the Fish Lake Property and associated impairment of $276,908 related to abandonment of claims. The carrying value of the Fish Lake Property was $159,856 as of September 30, 2014.
	Mt. Heimdal Property
	The Company entered into an agreement in April 2013, as amended in August 2013, whereby it earned a 100% interest in the Mt. Heimdal Flake Graphite property in BC, subject to a 1.5% net overriding royalty.  The carrying value of the Mt. Heimdal property is $300 as of September 30, 2014.
	Sugar Property
	In June 2013, the company purchased claims in the Cherryville, BC area for 250,000 shares of the Company’s common stock.  Since this time the company has expanded the claim block considerably, and has expended approximately $45,000 to date exploring this property for flake graphite deposits. In January, 2014, the company agreed to buy back the shares issued pursuant to the June agreement for $2,500. The buy-back was completed in April, 2014 and recorded the purchase of stock in the Company’s equity.
	Staked Properties
	The Company has staked claims with various registries as summarized below:
	Name	Claims	Cost		Impairment			Net Carry Value
	San Emidio	20 (1,600 acres)	$	18,528	$	(5,719	)	$	12,809
	Cherryville/BC Sugar	8019.41 (hectares)	$	21,778	Nil			$	21,778
	The Company has recorded $6,395 as cost to the San Emidio property which represents the annual maintenance fees on the property for 2014.
	The Company performs an impairment test on an annual basis to determine whether a write-down is necessary with respect to the properties. The Company believes no circumstances have occurred and no evidence has been uncovered that warrant a write-down of the mineral properties other than those abandoned by management and thus included in write-down of mineral properties. No impairment charges were recorded during the period ended September 30, 2014.

Capital_Stock

Capital Stock	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Capital Stock	'
	Note 5 - Capital Stock
	The Company is authorized to issue 300,000,000 shares of it $0.001 par value common stock. On September 30, 2009, the Company effected a 60-for-1 forward stock split of its $0.001 par value common stock.
	All share and per share amounts have been retroactively restated to reflect the splits discussed above.
	Common Stock
	On June 6, 2013, the Company issued 250,000 shares of its common stock as part of the Cherryville property acquisition located in British Columbia.
	On January 17, 2014 the Company repurchased the 250,000 shares of its common stock issued as part of the Cherryville property acquisition for $2,500.  The shares were returned to the treasury and retired in April 2014.
	There were 74,661,408 shares of common stock issued and outstanding as of September 30, 2014.
	Warrants
	Issue Date	Number			Price				Outstanding at
								Expiry Date	30-Sep-14
	Nov. 19, 2012		11,000,000		$	0.15		Nov. 18, 2014		11,000,000
	The warrants were valued using the Black-Scholes option pricing model using the following assumptions: term of 5 years, dividend yield of 0%, risk free interest rates of 0.67% and volatility of 129%. The fair value of the warrants was adjusted against additional paid in capital.
	Stock Based Compensation
	During the year ended December 31, 2010, the Company granted 500,000 consultants options at an exercise price of $0.28 and 400,000 options at an exercise price of $0.24 to consultants in exchange for various professional services.  On May 31, 2012, the options granted with exercise prices of $0.28 and $0.24were modified to exercise prices at $0.07. The modification resulted in stock based compensation of $11,524. Also on May 31, 2012, the Company granted an additional 400,000 options to consultants for management services with an exercise price of $0.07.  These options were vested on the date of grant and resulted in stock-based compensation of $23,891.
	On March 15, 2013, all pre-existing options were modified to exercise prices of $0.045. The modification resulted in stock-based compensation of $8,848. Also on March 15, 2013, the Company issued an additional 200,000 options at an exercise price of $0.045 to consultants for management services.  These options were vested on the date of grant and resulted in stock-based compensation of $7,794.
	The Company uses the Black-Scholes option valuation model to value stock options.  The  Black-Scholes  model was developed for use in estimating the fair value  of  traded  options  that  have no  vesting  restrictions  and are  fully transferable.  The model requires management to make estimates, which are subjective and may not be representative of actual results.  Assumptions used to determine the fair value of the remaining stock options are as follows:
		Modification			New Options
	Risk free interest rate		0.35	%		0.67	%
	Expected dividend yield		0	%		0	%
	Expected stock price volatility		129	%		129	%
	Expected life of options	3 years			5 years
		Total		Weighted	Total		Options
	Exercise Prices	Options		Average	Weighted		Exercisable
		Outstanding		Remaining Life	Average
				(Years)	Exercise Price
	$0.05	800,000		1.8	$0.05		800,000
	Total stock-based compensation for the three and nine months ended September 30, 2014 was $0 and $0 (2013: $0 and $10,089).
	The following table summarizes the stock options outstanding at September 30, 2014:
		Number			Price				Outstanding at
	Issue Date							Expiry Date	30-Sep-14
	23-Sep-10		500,000		$	0.045		23-Sep-15		500,000
	31-May-12		100,000		$	0.045		31-May-17		100,000
	15-Mar-13		200,000		$	0.045		15-Mar-18		200,000

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Note 6 - Income Taxes
	As of September 30, 2014, the Company had net operating loss carry forwards of approximately $3,090,000 that may be available to reduce future years' taxable income in varying amounts through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.
	The provision for Federal income tax consists of the following for the nine months ended September 30, 2014 and 2013:
		2014			2013
	Federal income tax benefit attributable to:
	Current operations	$	92,630		$	98,733
	Less: valuation allowance		(92,630	)		(98,733	)
	Net provision for Federal income taxes	$	0		$	0
	The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows at September 30, 2014 and December 31, 2013:
		30-Sep-14			31-Dec-13
	Deferred tax asset attributable to:
	Net operating loss carryover	$	1,050,790		$	958,160
	Less: valuation allowance		(1,050,790	)		(958,160	)
	Net deferred tax asset	$	0		$	0
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $3,090,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 7 - Subsequent Events
	The Company has analyzed its operations subsequent to September 30, 2014 through the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose other than those described below.
	The Company has entered into an extension of the Asset Purchase Agreement to sell its interests in the BC Sugar flake graphite property, as well as the San Emidio and Fish Lake Valley lithium – brine properties, to PATHION, Inc.  Under the terms of the original agreement PATHION Inc. was to pay Lithium Corporation an initial $1.25 million, and issue 500,000 common shares of PATHION stock at the closing.  A further $1 million will be held in escrow and paid out to Lithium Corporation on the first anniversary of the closing of the deal.  The agreement also lays the groundwork for continuing co-operation between the two companies moving forward.  The companies anticipated that the agreement would close by the end of September 2014, however it was first extended until October 17, 2014.  Under an extension effective October 17th, PATHION will pay Lithium Corporation $5,000 within 5 days of signing and issue 60,000 shares of restricted common stock, and pay Lithium Corporation a further $10,000 on each monthly anniversary in November and December in order to extend the agreement until January 17, 2015.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
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.
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited interim financial statements of Lithium Corporation have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the financial statements to be not misleading have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.   Certain notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year 2013 as reported in Form 10-K, have been omitted.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash includes cash on account, demand deposits, and short-term instruments with maturities of three months or less.
Concentrations of Credit Risk	'
	Concentrations of Credit Risk
	The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.
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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Revenue Recognition	'
	Revenue Recognition
	The Company has yet to realize revenues from operations. Once the Company has commenced operations, it will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.
Loss per Share	'
	Loss per Share
	Basic loss per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the year. The computation of diluted earnings per share assumes the conversion, exercise or contingent issuance of securities only when such conversion, exercise or issuance would have a dilutive effect on earnings per share. The dilutive effect of convertible securities is reflected in diluted earnings per share by application of the "if converted" method. In the periods in which a loss is incurred, the effect of potential issuances of shares under options and warrants would be anti-dilutive, and therefore basic and diluted losses per share are the same.
Income Taxes	'
	Income Taxes
	The asset and liability approach is used to account for income taxes by recognizing deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities.
Financial Instruments	'
	Financial Instruments
	The Company's financial instruments consist of cash, deposits, prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair value of these financial instruments approximate their carrying values, unless otherwise noted.
Mineral Properties	'
	Mineral Properties
	Costs of exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amount. Impairment of $0 and $0 was recorded during the three and nine months ended September 30, 2014 and 2013, respectively.
Office Lease	'
	Office Lease
	The Company rents office space in Las Vegas, Nevada for $700 per month. The arrangement is on a month-by-month basis and can be terminated by either party.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915).   Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP.  In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity;  (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage.  The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued.  The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Prepaid_Expenses_Tables

Prepaid Expenses (Tables)	9 Months Ended
	Sep. 30, 2014
Prepaid Expenses [Abstract]	'
Schedule for prepaid expenses	'
		30-Sep-14		December 31,  2013
	Professional fees	$	-	$	1,925
	Exploration costs		617		-
	Bonds		16,271		16,271
	Transfer fees		450		1,800
	Insurance		10,201		-
	Office Misc.		790		1,065
	Investor relations		1,005		1,340
	Total prepaid expenses	$	29,334	$	22,401

Mineral_Properties_Tables

Mineral Properties (Tables)	9 Months Ended
	Sep. 30, 2014
Extractive Industries [Abstract]	'
Schedule of staked claims	'
	Name	Claims	Cost		Impairment			Net Carry Value
	San Emidio	20 (1,600 acres)	$	18,528	$	(5,719	)	$	12,809
	Cherryville/BC Sugar	8019.41 (hectares)	$	21,778	Nil			$	21,778

Capital_Stock_Tables

Capital Stock (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Schedule of warrants outstanding	'
	Issue Date	Number			Price				Outstanding at
								Expiry Date	30-Sep-14
	Nov. 19, 2012		11,000,000		$	0.15		Nov. 18, 2014		11,000,000
Schedule of assumptions used to determine stock options	'
		Modification			New Options
	Risk free interest rate		0.35	%		0.67	%
	Expected dividend yield		0	%		0	%
	Expected stock price volatility		129	%		129	%
	Expected life of options	3 years			5 years
Schedule of fair value of remaining stock option	'
		Total		Weighted	Total		Options
	Exercise Prices	Options		Average	Weighted		Exercisable
		Outstanding		Remaining Life	Average
				(Years)	Exercise Price
	$0.05	800,000		1.8	$0.05		800,000
Schedule of stock options outstanding	'
		Number			Price				Outstanding at
	Issue Date							Expiry Date	30-Sep-14
	23-Sep-10		500,000		$	0.045		23-Sep-15		500,000
	31-May-12		100,000		$	0.045		31-May-17		100,000
	15-Mar-13		200,000		$	0.045		15-Mar-18		200,000

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of provision for federal income tax	'
		2014			2013
	Federal income tax benefit attributable to:
	Current operations	$	92,630		$	98,733
	Less: valuation allowance		(92,630	)		(98,733	)
	Net provision for Federal income taxes	$	0		$	0
Schedule of net deferred tax	'
		30-Sep-14			31-Dec-13
	Deferred tax asset attributable to:
	Net operating loss carryover	$	1,050,790		$	958,160
	Less: valuation allowance		(1,050,790	)		(958,160	)
	Net deferred tax asset	$	0		$	0

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Detail Textuals) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accounting Policies [Abstract]	'	'	'	'
Impairment charges	$0	$0	$0	$0
Office rent per month	'	'	$700	'

Prepaid_Expenses_Summary_of_pr

Prepaid Expenses - Summary of prepaid expenses (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Prepaid Expense, Current [Abstract]	'	'
Professional fees	'	$1,925
Exploration costs	617	'
Bonds	16,271	16,271
Transfer fees	450	1,800
Insurance	10,201	'
Office Misc.	790	1,065
Investor relations	1,005	1,340
Total prepaid expenses	$29,334	$22,401

Investment_Detail_Textuals

Investment (Detail Textuals) (USD $)	3 Months Ended	9 Months Ended	1 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Apr. 23, 2014	Sep. 30, 2014
			Summa, LLC	Summa, LLC
Investment [Line Items]	'	'	'	'
Membership percentage	'	'	25.00%	'
Capital contribution	'	'	$125,000	'
Capital contribution in cash	'	'	100,000	'
Loss on investment	$17,868	$17,868	'	$17,868

Mineral_Properties_Summary_of_

Mineral Properties - Summary of staked claims with various registries (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
			San Emidio	Cherryville/BC Sugar
			Property	ha
			acre
Mineral Properties [Line Items]	'	'	'	'
Claims	'	'	20	'
Area of staked properties	'	'	1,600	8,019.41
Cost	'	'	$18,528	$21,778
Impairment	'	'	-5,719	'
Net Carry Value	$194,743	$188,348	$12,809	$21,778

Mineral_Properties_Detail_Text

Mineral Properties (Detail Textuals) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Aug. 31, 2013	Jan. 31, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2014
			Fish Lake Property	Mt. Heimdal Property	Mt. Heimdal Property	Cherryville/BC Sugar	Cherryville/BC Sugar	Cherryville/BC Sugar	San Emidio
Mineral Properties [Line Items]	'	'	'	'	'	'	'	'	'
Ownership interest	'	'	100.00%	'	100.00%	'	'	'	'
Amount paid for acquisition	'	'	$350,000	'	'	'	'	'	'
Acquisition costs	'	'	436,764	'	'	'	'	'	'
Property impairment	'	'	276,908	'	'	'	'	'	5,719
Net Carry Value	194,743	188,348	159,856	300	'	'	'	21,778	12,809
Net overriding royalty	'	'	'	'	1.50%	'	'	'	'
Number of shares issued for purchasing	'	'	'	'	'	'	250,000	'	'
Exploration cost	'	'	'	'	'	'	45,000	'	'
Amount paid for buy back the shares	'	'	'	'	'	2,500	'	'	'
Maintenance fees	'	'	'	'	'	'	'	'	$6,395

Capital_Stock_Summary_of_warra

Capital Stock - Summary of warrants (Details) (Warrants, USD $)	9 Months Ended
	Sep. 30, 2014
Warrants	'
Equity [Line Items]	'
Issue Date	19-Nov-12
Number of warrants issued	11,000,000
Price	$0.15
Expiry Date	18-Nov-14
Outstanding at September 30, 2014	11,000,000

Capital_Stock_Summary_of_assum

Capital Stock - Summary of assumptions used to determine fair value of stock options (Details 1)	9 Months Ended
	Sep. 30, 2014
Modification	'
Equity [Line Items]	'
Risk free interest rate	0.35%
Expected dividend yield	0.00%
Expected stock price volatility	129.00%
Expected life of options	'3 years
New Options	'
Equity [Line Items]	'
Risk free interest rate	0.67%
Expected dividend yield	0.00%
Expected stock price volatility	129.00%
Expected life of options	'5 years

Capital_Stock_Summary_of_stock

Capital Stock - Summary of stock options outstanding (Details 2) (Stock Option, USD $)	9 Months Ended
	Sep. 30, 2014
Stock Option	'
Equity [Line Items]	'
Exercise Prices	$0.05
Total Options Outstanding	800,000
Weighted Average Remaining Life (Years)	'1 year 9 months 18 days
Total Weighted Average Exercise Price	$0.05
Options Exercisable	800,000

Capital_Stock_Summary_of_stock1

Capital Stock - Summary of stock options outstanding (Details 3) (Stock Option, USD $)	9 Months Ended
	Sep. 30, 2014
Equity [Line Items]	'
Total Options Outstanding	800,000
Issue Date September 23, 2010	'
Equity [Line Items]	'
Number	500,000
Price	$0.05
Expiry Date	23-Sep-15
Total Options Outstanding	500,000
Issue Date May 31, 2012	'
Equity [Line Items]	'
Number	100,000
Price	$0.05
Expiry Date	31-May-17
Total Options Outstanding	100,000
Issue Date March 15, 2013	'
Equity [Line Items]	'
Number	200,000
Price	$0.05
Expiry Date	15-Mar-18
Total Options Outstanding	200,000

Capital_Stock_Detail_Textuals

Capital Stock (Detail Textuals) (USD $)	1 Months Ended
	Sep. 30, 2009	Sep. 30, 2014	Dec. 31, 2013
Equity [Abstract]	'	'	'
Number of shares authorized to issue	'	3,000,000,000	3,000,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00
Forward stock split	'60-for-1	'	'

Capital_Stock_Detail_Textuals_

Capital Stock (Detail Textuals 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Jan. 17, 2014	Jun. 06, 2013
			Common Stock	Common Stock
			Cherryville property	Cherryville property
Equity [Line Items]	'	'	'	'
Number of shares issued as part of acquisition	'	'	'	250,000
Stock repurchased and retired, shares	'	'	250,000	'
Stock repurchased and retired, value	'	'	$2,500	'
Common stock, shares issued	74,661,408	74,661,408	'	'
Common stock, shares outstanding	74,661,408	74,911,408	'	'

Capital_Stock_Detail_Textuals_1

Capital Stock (Detail Textuals 2) (Warrants)	9 Months Ended
	Sep. 30, 2014
Warrants	'
Equity [Line Items]	'
Method used for valuation	'Black-Scholes option pricing model
Term	'5 years
Dividend yield	0.00%
Risk free interest rates	0.67%
Volatility	129.00%

Capital_Stock_Detail_Textuals_2

Capital Stock (Detail Textuals 3) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended	1 Months Ended	12 Months Ended		1 Months Ended	0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Mar. 15, 2013	31-May-12	Dec. 31, 2010	Dec. 31, 2010	31-May-12	Mar. 15, 2013
					Stock Option	Stock Option	Stock Option	Stock Option	Stock Option	Stock Option	Stock Option
						Consultants	Consultants	Consultants	Consultants	Consultants	Consultants
								Exercise price $0.28	Exercise price $0.24	Exercise price $0.07	Exercise Prices $0.045
Equity [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Number of options granted	'	'	'	'	'	'	'	500,000	400,000	400,000	200,000
Exercise price of options granted	'	'	'	'	'	'	'	$0.28	$0.24	$0.07	$0.05
Modified exercise price	'	'	'	'	'	$0.05	$0.07	'	'	'	'
Stock-based compensation	$0	$0	$0	$10,089	'	$8,848	$11,524	'	'	$23,891	$7,794
Method used for valuation of stock options	'	'	'	'	'Black-Scholes option valuation model	'	'	'	'	'	'

Income_Taxes_Summary_of_provis

Income Taxes - Summary of provision for Federal income (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Federal income tax benefit attributable to:	'	'	'	'
Current operations	'	'	$92,630	$98,733
Less: valuation allowance	'	'	-92,630	-98,733
Net provision for Federal income taxes	'	'	'	'

Income_Taxes_Summary_of_net_de

Income Taxes - Summary of net deferred tax (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Deferred tax asset attributable to:	'	'
Net operating loss carryover	$1,050,790	$958,160
Less: valuation allowance	-1,050,790	-958,160
Net deferred tax asset	$0	$0

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Net operating loss carry forwards	$3,090,000	'
Percentage of cumulative tax effect at expected rate	34.00%	34.00%

Subsequent_Events_Detail_Textu

Subsequent Events (Detail Textuals) (Asset Purchase Agreement, Pathion Inc, USD $)	9 Months Ended		1 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Oct. 17, 2014	Oct. 17, 2014	Oct. 17, 2014	Oct. 17, 2014
		Common Stock	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
				November	December	Restricted stock
Subsequent Event [Line Items]	'	'	'	'	'	'
Amount paid for purchase of assets	$1,250,000	'	$5,000	$10,000	$10,000	'
Number of shares issued	'	500,000	'	'	'	60,000
Amount held in escrow	$1,000,000	'	'	'	'	'