Lithium (LTUM) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Cover [Abstract]
Entity Registrant Name	LITHIUM CORPORATION
Entity Central Index Key	0001415332
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		101,092,441
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	000-54332
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	98-0530295
Entity Address Address Line 1	1031 Railroad St. Ste
Entity Address Address Line 2	102B
Entity Address City Or Town	Elko
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89801
City Area Code	775
Local Phone Number	410-5287
Trading Symbol	LTUM
Security 12b Title	Common Stock

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash	$ 977,433	$ 191,125
Deposits	700	700
Prepaid expenses	7,433	14,226
Total Current Assets	985,566	206,051
TOTAL ASSETS	985,566	206,051
CURRENT LIABILITIES
Accounts payable and accrued liabilities	21,293	14,816
Allowance for optioned properties	50,000	0
TOTAL CURRENT LIABILITIES	71,293	14,816
TOTAL LIABILITIES	71,293	14,816
STOCKHOLDERS' EQUITY
Common stock, 3,000,000,000 shares authorized, par value $0.001; 99,566,370 and 95,651,644 common shares outstanding, respectively	99,567	95,652
Additional paid in capital	5,733,421	4,322,347
Additional paid in capital - options	191,513	191,513
Additional paid in capital - warrants	369,115	369,115
Accumulated deficit	(5,479,343)	(4,787,392)
TOTAL STOCKHOLDERS' EQUITY	914,273	191,235
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 985,566	$ 206,051

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
STOCKHOLDERS' EQUITY
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares outstanding	99,566,370	95,651,644

Statements of Operations (unaud

Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statements of Operations (unaudited)
REVENUE	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
Professional fees	18,418	6,901	54,527	18,551
Exploration expenses	8,436	4,139	35,068	4,139
Consulting fees - related party	30,000	18,000	60,000	40,500
Consulting fees	(15,587)	0	557,468	0
Transfer agent and filing fees	8,375	4,548	16,156	9,113
Travel	3,131	55	3,173	3,138
General and administrative expenses	4,243	2,583	6,559	5,958
TOTAL OPERATING EXPENSES	57,016	36,226	732,951	81,399
LOSS FROM OPERATIONS	(57,016)	(36,226)	(732,951)	(81,399)
OTHER INCOME (EXPENSES)
Other income	26,000	0	41,000	0
TOTAL OTHER INCOME (EXPENSE)	26,000	0	41,000	0
LOSS BEFORE INCOME TAXES	(31,016)	(36,226)	(691,951)	(81,399)
PROVISION FOR INCOME TAXES	0	0	0	0
NET LOSS	$ (31,016)	$ (36,226)	$ (691,951)	$ (81,399)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ (0.01)	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	98,385,558	95,651,644	97,579,378	95,651,644

Statements of Stockholders' Equ

Statements of Stockholders' Equity (unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Additional Paid-in Capital - Warrants	Additional Paid-in Capital - Options	Accumulated Deficit
Balance, shares at Dec. 31, 2019		95,651,644
Balance, amount at Dec. 31, 2019	$ 350,555	$ 95,652	$ 4,322,347	$ 369,115	$ 191,513	$ (4,628,072)
Net loss	(159,320)	$ 0	0	0	0	(159,320)
Balance, shares at Dec. 31, 2020		95,651,644
Balance, amount at Dec. 31, 2020	191,235	$ 95,652	4,322,347	369,115	191,513	(4,787,392)
Net loss	(691,951)	$ 0	0	0	0	(691,951)
Shares issued for services, shares		1,375,779
Shares issued for services, amount	557,190	$ 1,376	555,814	0	0	0
Shares issued for cash, shares		2,538,947
Shares issued for cash, amount	857,799	$ 2,539	855,260	0	0	0
Balance, shares at Jun. 30, 2021		99,566,370
Balance, amount at Jun. 30, 2021	$ 914,273	$ 99,567	$ 5,733,421	$ 369,115	$ 191,513	$ (5,479,343)

Statements of Cash Flows (unaud

Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$ (691,951)	$ (81,399)
Adjustment to reconcile net income to net cash used in operating activities
Shares issued for services	557,190	0
Changes in assets and liabilities:
Decrease in prepaid expenses	6,793	6,000
Increase (decrease) in accounts payable and accrued liabilities	6,477	(4,208)
Net Cash Used in Operating Activities	(121,491)	(79,607)
CASH FLOWS FROM INVESTING ACTIVITY:
Cash from properties	50,000	0
Shares issued for cash	0	0
Net Cash Provided by Investing Activity	50,000	0
CASH FLOWS FROM FINANCING ACTIVITY:
Shares issued for cash	857,799
Net Cash Provided by Finanicng Activity	857,799	0
Increase (Decrease) in cash	786,308	(79,607)
Cash, beginning of period	191,125	346,260
Cash, end of period	977,433	266,653
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
Note 1 - 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 battery or Tech metals prospects in British Columbia and is currently in the exploration stage. 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. 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 Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. Income per Share Basic income per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the period. 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. The Company did not have any dilutive securities for the periods ended June 30, 2021 and 2020. 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. Optioned Properties Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations. Recent Accounting Pronouncements In January 2016, the Financial Accounting Standards Board ("FASB"), issued Accounting Standards Update ("ASU") 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2021
Going Concern
Note 2 - Going Concern	Note 2 – Going Concern As reflected in the accompanying financial statements, the Company has a working capital of $914,273 as at June 30, 2021 (December 31, 2020: $191,235) and has used $121,491 (2020: $79,607) of cash in operations for the six months ended June 30, 2021. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments
Note 3 - Fair Value of Financial Instruments	Note 3 – Fair Value of Financial Instruments Under FASB ASC 820-10-5, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The standard outlines a valuation framework and creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures. Under GAAP, certain assets and liabilities must be measured at fair value, and FASB ASC 820-10-50 details the disclosures that are required for items measured at fair value. The Company has certain financial instruments that must be measured under the new fair value standard. The Company’s financial assets and liabilities are measured using inputs from the three levels of the fair value hierarchy. The three levels are as follows: - Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. - Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). - Level 3 - Unobservable inputs that reflect our assumptions about the assumptions that market participants would use in pricing the asset or liability. The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June 30, 2021 and December 31, 2020, respectively: Fair Value Measurements at June 30, 2021 Level 1 Level 2 Level 3 Assets Cash $ 977,433 $ - $ - Total Assets 977,433 - - Liabilities Total Liabilities - - - $ 977,433 $ - $ - Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ -

Prepaid Expenses

Prepaid Expenses	6 Months Ended
	Jun. 30, 2021
Prepaid Expenses
Note 4 - Prepaid Expenses	Note 4 - Prepaid Expenses Prepaid expenses consisted of the following at June 30, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 Professional fees $ - $ - Transfer agent fees 7,433 14,226 Total prepaid expenses $ 7,433 $ 14,226

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2021
Capital Stock
Note 5 - Capital Stock	Note 5 - Capital Stock The Company is authorized to issue 3,000,000,000 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 January 25, 2021, we issued 380,952 common shares for an aggregate purchase price of $150,000 and issued 1,375,779 common shares with a fair value of $557,190 as part of a purchase agreement. On April 13, 2021, we issued 357,995 common shares for an aggregate purchase price of $150,000. On April 20, 2021, we issued 200,000 common shares for an aggregate purchase price of $72,600. On April 21, 2021, we issued 200,000 common shares for an aggregate purchase price of $68,800. On May 18, 2021, we issued 200,000 common shares for an aggregate purchase price of $63,200. On May 25, 2021, we issued 200,000 common shares for an aggregate purchase price of $64,000. On June 2, 2021, we issued 200,000 common shares for an aggregate purchase price of $61,800. On June 10, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,200. On June 14, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,800. On June 21, 2021, we issued 200,000 common shares for an aggregate purchase price of $56,800. On June 28, 2021, we issued 200,000 common shares for an aggregate purchase price of $57,599.

Allowance for Optioned Properti

Allowance for Optioned Properties	6 Months Ended
	Jun. 30, 2021
Allowance for Optioned Properties
Note 6 - Allowance for Optioned Properties	Note 6 – Allowance for Optioned Properties Fish Lake Valley On April 29, 2021, the Company entered into a Letter of Intent with respect to the Fish Lake Property whereby the purchaser will pay $50,000 within 5 days of signing the letter of intent (received) and the parties will execute a formal Earn-in Option Agreement by July 31, 2021 or such other ate as agreed between the parties. As of June 30, 2021, the Company has received $50,000 in relation to the letter of intent. The Company recorded $50,000 as a liability against the property until either the purchaser returns the property to the Company or the purchaser has met all the obligations associated with the agreement, at which time the liability will be charged to the statement of operations. The Letter of Intent was signed with a purchaser that has a common director as the Company. See Note 7.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions
Note 7 - Related Party Transactions	Note 7 – Related Party Transactions The Company paid consulting fees totaling $30,000 and $60,000 to related parties for the three and six months ended June 30, 2021, respectively (2020: $18,000 and $40,500). During the three and six months ended June 30, 2021, the company received $26,000 and $41,000 in distributions from Summa, LLC, a Limited Liability Corporation with shared management as the Company. The Company holds a 25% investment in Summa LLC. The investment was written off in 2016 as there was significant doubt about the fair value of the investment in the period. During the three and six months ended June 30, 2021, the Company has received $50,000 in relation to the letter of intent signed in relation to the Fish Lake property. See Note 6.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
Note 8 - Subsequent Events	Note 8 – Subsequent Events The Company has analyzed its operations subsequent to June 30, 2021 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 below. Subsequent to June 30, 2021, the Company issued 1,526,071 common shares for proceeds of $484,228.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Summary of Significant Accounting Policies
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.
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	Effective January 1, 2018, the Company adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured.
Income per Share	Basic income per share is computed by dividing loss available to common shareholders by the weighted average number of common shares outstanding during the period. 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. The Company did not have any dilutive securities for the periods ended June 30, 2021 and 2020.
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.
Optioned Properties	Properties under the Company’s ownership which have been optioned to a third party are deemed the Company’s property until all obligations under an option agreement are met, at which point the ownership of the property transfers to the third party. All non-refundable payments received prior to all obligations under an option agreement being met are considered liabilities until such time all obligations have been met, at which time ownership of the property transfers to the third party and the Company includes option payments into its statement of operations.
Recent Accounting Pronouncements	In January 2016, the Financial Accounting Standards Board ("FASB"), issued Accounting Standards Update ("ASU") 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments (Tables)
Schedule of the valuation of financial instruments measured at fair value on a recurring basis	Fair Value Measurements at June 30, 2021 Level 1 Level 2 Level 3 Assets Cash $ 977,433 $ - $ - Total Assets 977,433 - - Liabilities Total Liabilities - - - $ 977,433 $ - $ - Fair Value Measurements at December 31, 2020 Level 1 Level 2 Level 3 Assets Cash $ 191,125 $ - $ - Total Assets 191,125 - - Liabilities Total Liabilities - - - $ 191,125 $ - $ -

Prepaid Expenses (Tables)

Prepaid Expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Prepaid Expenses
Schedule for prepaid expenses	June 30, 2021 December 31, 2020 Professional fees $ - $ - Transfer agent fees 7,433 14,226 Total prepaid expenses $ 7,433 $ 14,226

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Going Concern
Working capital deficit	$ 914,273		$ 191,235
Net Cash Used in Operating Activities	$ (121,491)	$ (79,607)

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Inputs, Level 1 [Member]
Assets
Cash	$ 977,433	$ 191,125
Total Assets	977,433	191,125
Liabilities
Total Liabilities	0	0
Total	977,433	191,125
Fair Value, Inputs, Level 2 [Member]
Assets
Cash	0	0
Total Assets	0	0
Liabilities
Total Liabilities	0	0
Total	0	0
Fair Value, Inputs, Level 3 [Member]
Assets
Cash	0	0
Total Assets	0	0
Liabilities
Total Liabilities	0	0
Total	$ 0	$ 0

Prepaid Expenses (Details)

Prepaid Expenses (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Prepaid Expenses (Details)
Professional fees	$ 0	$ 0
Transfer agent fees	7,433	14,226
Total prepaid expenses	$ 7,433	$ 14,226

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	1 Months Ended
	Jan. 25, 2021	Sep. 30, 2009	Jun. 30, 2021	Jun. 28, 2021	Jun. 21, 2021	Jun. 14, 2021	Jun. 10, 2021	Jun. 02, 2021	May 25, 2021	May 18, 2021	Apr. 21, 2021	Apr. 20, 2021	Apr. 13, 2021	Dec. 31, 2020
Common stock shares, authorized			3,000,000,000											3,000,000,000
Common stock shares, par value			$ 0.001											$ 0.001
Forward stock split		Company effected a 60-for-1 forward stock split of its $0.001 par value common stock
Purchase agreement[Member]
Common Stock, Shares Issued	380,952			200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	357,995
Purchase price	$ 150,000			$ 57,599	$ 56,800	$ 56,800	$ 56,200	$ 61,800	$ 64,000	$ 63,200	$ 68,800	$ 72,600	$ 150,000
Common shares issued for purchase agreement	1,375,779
Common shares value	$ 557,190

Allowance for Optioned Proper_2

Allowance for Optioned Properties (Details Narrative) - Fish Lake Property [Member]	3 Months Ended	6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)
Accounts receivable	$ 50,000	$ 50,000
Liability against the property	50,000	50,000
Proceeds from related party	$ 50,000	$ 50,000

Related Party Transactions (Det

Related Party Transactions (Detail Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Consulting fees - related party	$ 30,000	$ 18,000	$ 60,000	$ 40,500
Other income	26,000	$ 0	41,000	$ 0
Fish Lake Property [Member]
Proceeds from related party	50,000		50,000
Summa LLC [Member]
Other income	$ 26,000		$ 41,000
Company investment percentage			25%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	6 Months Ended
	Jun. 30, 2021USD ($)shares
Proceeds from shares issued | $	$ 484,228
Common stock, shares issued | shares	1,526,071