Nexus Biopharma (NEXS) 10-K 2 Apr 15 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 01, 2015	Jun. 30, 2013
Document And Entity Information
Entity Registrant Name	Plata Resources, Inc.
Entity Central Index Key	1424151
Document Type	10-K
Document Period End Date	31-Dec-13
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$0
Entity Common Stock, Shares Outstanding		63,800,000
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash		$369
TOTAL CURRENT ASSETS	0	369
CURRENT LIABILITIES
Accounts payable	21,506	10,114
Advances from related parties	20,665	17,165
TOTAL CURRENT LIABILITIES	42,171	27,279
STOCKHOLDERS DEFICIENCY
Common stock Issued and outstanding 750,000,000 shares authorized, at $0.001 par value 63,800,000 shares of common stock issued and outstanding at December 31, 2013 and 2012	63,800	63,800
Additional paid-in capital	41,900	41,900
Accumulated Deficit	-147,871	-132,610
TOTAL STOCKHOLDERS DEFICIENCY	-42,171	-26,910
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIENCY	$0	$369

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Balance Sheets Parenthetical
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	63,800,000	63,800,000
Common stock, shares outstanding	63,800,000	63,800,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Statements Of Operations
REVENUE
OPERATING EXPENSES
General and administrative	15,261	16,368
Total Operating Expenses	15,261	16,368
OTHER (INCOME)
Forgiveness of debt income		-6,992
NET LOSS	($15,261)	($9,376)
BASIC LOSS PER COMMON SHARE	$0	$0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC AND DILUTED	63,800,000	63,800,000

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS’ EQUITY (USD $)	Common Stock	Paid-in Capital in Excess of Par Value	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2011	$63,800	$41,900	($123,234)	($17,534)
Beginning Balance, Shares at Dec. 31, 2011	63,800,000
Net loss for the year ended			-9,376	-9,376
Ending Balance, Amount at Dec. 31, 2012	63,800	41,900	-132,610	-26,910
Ending Balance, Shares at Dec. 31, 2012	63,800,000
Net loss for the year ended			-15,261	-15,261
Ending Balance, Amount at Dec. 31, 2013	$63,800	$41,900	($147,871)	($42,171)
Ending Balance, Shares at Dec. 31, 2013	63,800,000

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
OPERATING ACTIVITIES
Net loss for the period	($15,261)	($9,376)
Adjustments to reconcile net loss to net cash used in operating activities:
Forgiveness of debt income		-6,992
Expenses paid by officers	3,500	4,630
Changes in operating assets and liabilities:
Changes in accounts payables	11,392	-11,738
NET CASH USED IN OPERATING ACTIVITIES	-369
NET CASH USED IN INVESTING ACTIVITIES
NET CASH PROVIDED BY FINANCING ACTIVITIESIES
NET INCREASE (DECREASE) IN CASH	-369
CASH AT BEGINNING OF PERIOD	369	369
CASH AT END OF PERIOD		$369

Nature_Of_Operations_And_Basis

Nature Of Operations And Basis Of Presentation	12 Months Ended
	Dec. 31, 2013
Nature Of Operations And Basis Of Presentation
Note 1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION	Nature of Operations
	The Company, Plata Resources, Inc., was incorporated under the laws of the State of Nevada on July 17, 2007 with the authorized capital stock of 750,000,000 shares at $0.001 par value.
	The Company was organized for the purpose of acquiring and developing mineral properties. At the report date mineral claims, with unknown reserves, had been acquired. The Company has not established the existence of a commercially minable ore deposit.

Going_Concern

Going Concern	12 Months Ended
	Dec. 31, 2013
Going Concern
Note 2. GOING CONCERN	To date the Company has generated no revenues from its business operations and has incurred operating losses since inception of $147,871. As at December 31, 2013, the Company has a working capital deficit of $42,171. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company intends to continue to fund its business by way of private placements and advances from related parties as may be required. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies
Note 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Accounting Method
	The Company recognizes income and expenses based on the accrual method of accounting.
	Dividend Policy
	The Company has not yet adopted a policy regarding payment of dividends.
	Basic and Diluted Loss Per Share
	The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all common stock equivalents if their effect is anti-dilutive. As of December 31, 2013 and 2012, there were no dilutive common stock equivalents outstanding.
	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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Income Taxes
	The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.
	Year End		Estimated NOL Carry-forward		NOL	Estimated Tax Benefit from NOL		Valuation Allowance			Net Tax
					Expires						Benefit
	2007		$	15,120	2027	$	5,141	$	(5,141	)	$	-
	2008			43,931	2028		14,937		(14,937	)		-
	2009			28,406	2029		9,658		(9,658	)		-
	2010			20,448	2030		6,952		(6,952	)		-
	2011			15,329	2031		5,212		(5,212	)		-
	2012			9,376	2032		3,188		(3,188	)		-
	2013			15,261	2033		5,189		(5,189	)		-
			$	147,871		$	50,277	$	(50,277	)	$	-
	The total valuation allowance as of December 31, 2013 was $50,277, which increased by $5,189 for the year ended December 31, 2013.
	As of December 31, 2013 and 2012, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended December 31, 2013, and 2012 and no interest or penalties have been accrued as of December 31, 2013 and 2012. As of December 31, 2013 and 2012, the Company did not have any amounts recorded pertaining to uncertain tax positions.
	The tax years from 2011 and forward remain open to examination by federal and state authorities due to net operating loss and credit carry forwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.
	Foreign Currency Translations
	The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Translations denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:
	(i)	Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;
	(ii)	Non-Monetary items including equity are recorded at the historical rate of exchange; and
	(iii)	Revenues and expenses are recorded at the period average in which the transaction occurred.
	Impairment of Long-Lived Assets
	The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicated that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration un ASC 360-10-35-17 if events or circumstances indicate that heir carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment of Disposal of Long-Lived Assets.
	Fair Value of Financial Instruments
	The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities.
	Revenue Recognition
	The Company has no revenues to date from its operations. Once revenues are generated, management will establish a revenue recognition policy
	Advertising Costs
	The Company accounts for its advertising cost in accordance with ASC Topic 720. The Company expenses advertising costs as incurred. For the period ended December 31, 2013 and December 31, 2012 the Company incurred no advertising expenses.
	Statement of Cash Flows
	For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.
	Mineral Claim Acquisition and Exploration Costs
	Mineral property acquisition costs are initially capitalized when incurred. These costs are then assessed for impairment when factors are present to indicate the carrying costs may not be recoverable. Mineral exploration costs are expensed as incurred.
	Environmental Requirements
	At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.
	Recent Accounting Pronouncements
	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The guidance eliminates the definition of a development stage entity thereby removing the incremental financial reporting requirements from U.S. GAAP for development stage entities, primarily presentation of inception to date financial information. The provisions of the amendments are effective for annual reporting periods beginning after December 15, 2014, and the interim periods therein. However, early adoption is permitted. Accordingly, the Company has early adopted this standard for presentation purposes in these financial statements.
	The Company does not expect the adoption of any other recent accounting pronouncements to have a material impact on its financial statements.

Acquisition_Of_Mineral_Claim

Acquisition Of Mineral Claim	12 Months Ended
	Dec. 31, 2013
Acquisition Of Mineral Claim
Note 4. ACQUISITION OF MINERAL CLAIM	On August 1, 2007, the Company acquired the Bontoc Gold Claim located in the Republic of Philippines from Castillo Explorations LLC., an unrelated company, for considerations of $5,000. The Bontoc Gold Claim is located in the Philippines near the town of Bontoc. Under Philippine law, the claim remains in good standing as long as the Company has an interest in it. There is no annual maintenance fee or minimum exploration work required on the claim.
	As of December 31, 2007, the Company determined the $5,000 mineral property acquisition cost was impaired, and recorded a related impairment loss in the statement of operations.

Significant_Transactions_With_

Significant Transactions With Related Parties	12 Months Ended
	Dec. 31, 2013
Significant Transactions With Related Parties
Note 5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	The Company’s two directors have acquired 56% of the common stock issued and outstanding. During the years ended December 31, 2013 and 2012, the Company’s two directors paid expenses on behalf of the Company of $4,630 and 3,500, respectively (reported as advances from related parties on the balance sheet). Total advances from related parties at December 31, 2013 and 2012, were $20,665 and $17,165, respectively. Advances from related parties are non-interest bearing and payable on demand.

Capital_Stock

Capital Stock	12 Months Ended
	Dec. 31, 2013
Capital Stock
Note 6. CAPITAL STOCK	On September 18, 2007, the Company completed a private placement consisting of 40,000,000 post-split common shares sold to the directors and officers for a total consideration of $2,000. On October 31, 2007, the Company completed a private placement of 23,800,000 post-split common shares for a total consideration of $59,500.
	On January 22, 2009, the shareholders of the Company approved a 20 to 1 forward split, resulting in an increase of the outstanding shares of common stock from 3,190,000 to 63,800,000.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events
Note 7. SUBSEQUENT EVENTS	On November 23, 2014, the directors approved the cancellation of a stock dividend in the amount of 127,600,000 common shares, which were issued on March 6, 2012, in error. All share capital amounts have been retroactively restated to reflect this cancellation.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies Policies
Accounting Method	The Company recognizes income and expenses based on the accrual method of accounting.
Dividend Policy	The Company has not yet adopted a policy regarding payment of dividends.
Basic and Diluted Loss per Share	The Company computes loss per share in accordance with “ASC-260,” “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all common stock equivalents if their effect is anti-dilutive. As of December 31, 2013 and 2012, there were no dilutive common stock equivalents outstanding.
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 amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.
	Year End		Estimated NOL Carry-forward		NOL	Estimated Tax Benefit from NOL		Valuation Allowance			Net Tax
					Expires						Benefit
	2007		$	15,120	2027	$	5,141	$	(5,141	)	$	-
	2008			43,931	2028		14,937		(14,937	)		-
	2009			28,406	2029		9,658		(9,658	)		-
	2010			20,448	2030		6,952		(6,952	)		-
	2011			15,329	2031		5,212		(5,212	)		-
	2012			9,376	2032		3,188		(3,188	)		-
	2013			15,261	2033		5,189		(5,189	)		-
			$	147,871		$	50,277	$	(50,277	)	$	-
	The total valuation allowance as of December 31, 2013 was $50,277, which increased by $5,189 for the year ended December 31, 2013.
	As of December 31, 2013 and 2012, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended December 31, 2013, and 2012 and no interest or penalties have been accrued as of December 31, 2013 and 2012. As of December 31, 2013 and 2012, the Company did not have any amounts recorded pertaining to uncertain tax positions.
	The tax years from 2011 and forward remain open to examination by federal and state authorities due to net operating loss and credit carry forwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.
Foreign Currency Translations	The books of the Company are maintained in United States dollars and this is the Company’s functional and reporting currency. Translations denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being recorded in the Statement of Operations:
	(i)	Monetary items are recorded at the rate of exchange prevailing as at the balance sheet date;
	(ii)	Non-Monetary items including equity are recorded at the historical rate of exchange; and
	(iii)	Revenues and expenses are recorded at the period average in which the transaction occurred.
Impairment of Long-Lived Assets	The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicated that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration un ASC 360-10-35-17 if events or circumstances indicate that heir carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment of Disposal of Long-Lived Assets.
Fair value of financial instruments	The estimated fair values of financial instruments were determined by management using available market information and appropriate valuation methodologies. The carrying amounts of financial instruments including cash approximate their fair value because of their short maturities.
Revenue Recognition	The Company has no revenues to date from its operations. Once revenues are generated, management will establish a revenue recognition policy
Advertising Costs	The Company accounts for its advertising cost in accordance with ASC Topic 720. The Company expenses advertising costs as incurred. For the period ended December 31, 2013 and December 31, 2012 the Company incurred no advertising expenses.
Statement of Cash Flows	For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.
Mineral Claim Acquisition and Exploration Costs	Mineral property acquisition costs are initially capitalized when incurred. These costs are then assessed for impairment when factors are present to indicate the carrying costs may not be recoverable. Mineral exploration costs are expensed as incurred.
Environmental Requirements	At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.
Recent Accounting Pronouncements	In June 2014, the FASB issued ASU 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The guidance eliminates the definition of a development stage entity thereby removing the incremental financial reporting requirements from U.S. GAAP for development stage entities, primarily presentation of inception to date financial information. The provisions of the amendments are effective for annual reporting periods beginning after December 15, 2014, and the interim periods therein. However, early adoption is permitted. Accordingly, the Company has early adopted this standard for presentation purposes in these financial statements.
	The Company does not expect the adoption of any other recent accounting pronouncements to have a material impact on its financial statements.

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Summary Of Significant Accounting Policies Tables
Allowance deferred tax assets	An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.
	Year End	Estimated NOL Carry-forward		NOL	Estimated Tax Benefit from NOL		Valuation Allowance			Net Tax
				Expires						Benefit
	2007	$	15,120	2027	$	5,141	$	(5,141	)	$	-
	2008		43,931	2028		14,937		(14,937	)		-
	2009		28,406	2029		9,658		(9,658	)		-
	2010		20,448	2030		6,952		(6,952	)		-
	2011		15,329	2031		5,212		(5,212	)		-
	2012		9,376	2032		3,188		(3,188	)		-
	2013		15,261	2033		5,189		(5,189	)		-
		$	147,871		$	50,277	$	(50,277	)	$	-

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Going Concern Details Narrative
Accumulated deficit	($147,871)	($132,610)
Working Capital Deficit	($42,171)	($26,910)	($17,534)

Summary_Of_Significant_Account3

Summary Of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Estimated NOL Carry-forward	$147,871
Estimated Tax Benefit from NOL	50,277
Valuation Allowance	-50,277
Net Tax Benefit
Year End 2007 [Member]
Estimated NOL Carry-forward	15,120
NOL Expires	2027
Estimated Tax Benefit from NOL	5,141
Valuation Allowance	-5,141
Net Tax Benefit
Year End 2008 [Member]
Estimated NOL Carry-forward	43,931
NOL Expires	2028
Estimated Tax Benefit from NOL	14,937
Valuation Allowance	-14,937
Net Tax Benefit
Year End 2009 [Member]
Estimated NOL Carry-forward	28,406
NOL Expires	2029
Estimated Tax Benefit from NOL	9,658
Valuation Allowance	-9,658
Net Tax Benefit
Year End 2010 [Member]
Estimated NOL Carry-forward	20,448
NOL Expires	2030
Estimated Tax Benefit from NOL	6,952
Valuation Allowance	-6,952
Net Tax Benefit
Year End 2011 [Member]
Estimated NOL Carry-forward	15,329
NOL Expires	2031
Estimated Tax Benefit from NOL	5,212
Valuation Allowance	-5,212
Net Tax Benefit
Year End 2012 [Member]
Estimated NOL Carry-forward	9,376
NOL Expires	2032
Estimated Tax Benefit from NOL	3,188
Valuation Allowance	-3,188
Net Tax Benefit
Year End 2013 [Member]
Estimated NOL Carry-forward	15,261
NOL Expires	2033
Estimated Tax Benefit from NOL	5,189
Valuation Allowance	-5,189
Net Tax Benefit

Significant_Transactions_With_1

Significant Transactions With Related Parties (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Percent ownership directors	56.00%
Advances from related parties	$20,665	$17,165
Director [Member]
Advances from related parties	$4,630	$3,500