Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 12, 2013 | |
Document and Entity Information: | ' | ' |
Entity Registrant Name | 'NORTHSIGHT CAPITAL, INC. | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001439397 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 12,500,000 |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
CONDENSED_BALANCE_SHEETS
CONDENSED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets | ' | ' |
Cash | $0 | $0 |
Prepaid Expenses | 0 | 2,363 |
Total Current Assets | 0 | 2,363 |
Total Assets | 0 | 2,363 |
Current Liabilities | ' | ' |
Accounts payable and accrued expenses | 64,552 | 64,153 |
Total Current Liabilities | 64,552 | 64,153 |
Total Liabilities | 64,552 | 64,153 |
Stockholders' Deficit | ' | ' |
Preferred stock - 10,000,000 shares authorized having a par value of $.001 per share; 0 shares issued and outstanding | 0 | 0 |
Common stock - 100,000,000 shares authorized having a par value of $.001 per share; 12,500,000 shares issued and outstanding as of September 30, 2013 and December 31, 2012 | 12,500 | 12,500 |
Subscription receivable | -50,000 | -50,000 |
Additional paid-in capital | 707,579 | 680,483 |
Accumulated deficit during the development stage | -734,631 | -704,773 |
Total Stockholders' Deficit | -64,552 | -61,790 |
Total Liabilities and Stockholders' Deficit | $0 | $2,363 |
BALANCE_SHEETS_PARENTHETICALS
BALANCE SHEETS PARENTHETICALS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Parentheticals | ' | ' |
Preferred Stock, par value | $0.00 | $0.00 |
Preferred Stock, shares authorized | 10,000,000 | 10,000,000 |
Common Stock, par value | $0.00 | $0.00 |
Common Stock, shares authorized | 100,000,000 | 100,000,000 |
Common Stock, shares issued | 12,500,000 | 12,500,000 |
Common Stock, shares outstanding | 12,500,000 | 12,500,000 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 64 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Revenues: | ' | ' | ' | ' | ' |
Revenues | $0 | $0 | $0 | $0 | $0 |
Operating Expenses: | ' | ' | ' | ' | ' |
General and administrative | 269 | 6,275 | 1,948 | 7,800 | 62,389 |
Business plan develop. - related party | 0 | 0 | 0 | 0 | 10,000 |
Consulting expense - related party | 0 | 0 | 0 | 0 | 380,350 |
Executive compensation - related party | 0 | 0 | 0 | 0 | 5,100 |
Professional fees | 8,086 | 7,531 | 27,910 | 21,250 | 241,699 |
Rent - related party | 0 | 0 | 0 | 0 | 38,200 |
Research and develop. - related party | 0 | 0 | 0 | 0 | 10,850 |
Travel | 0 | 0 | 0 | 0 | 11,112 |
Total operating expenses | 8,355 | 13,806 | 29,858 | 29,050 | 759,700 |
Other Income (Expenses) | ' | ' | ' | ' | ' |
Interest expense | 0 | 0 | 0 | 0 | -2,699 |
Forgiveness of debt | 0 | 0 | 0 | 0 | 27,768 |
Total Other Income (Expenses) | 0 | 0 | 0 | 0 | 25,069 |
Net Loss Before Income Taxes | -8,355 | -13,806 | -29,858 | -29,050 | -734,631 |
Provision for Income Taxes | 0 | 0 | 0 | 0 | 0 |
Net Loss | ($8,355) | ($13,806) | ($29,858) | ($29,050) | ($734,631) |
Loss per Common Share - Basic and Diluted | ($0.01) | ($0.01) | ($0.01) | ($0.01) | ' |
Weighted Average Number of Common Shares Outstanding - Basic and Diluted | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | ' |
CONDENSED_STATEMENTS_OF_CASH_F
CONDENSED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 64 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Cash Flows From Operating Activities | ' | ' | ' |
Net loss | ($29,858) | ($29,050) | ($734,631) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Gain on forgiveness of debt | 0 | 0 | -27,768 |
Shares issued for services | 0 | 0 | 10,000 |
Corporate expenses paid by shareholders | 27,096 | 29,491 | 87,970 |
Warrants issued for payment of services | 0 | 0 | 10,900 |
Changes in operating assets and liabilities: | ' | ' | ' |
Prepaid expenses | 2,363 | 0 | 0 |
Accounts payable and accrued expenses | 399 | -441 | 92,320 |
Accounts payable - related party | 0 | 0 | 90,427 |
Interest payable - related party | 0 | 0 | 2,699 |
Net Cash Used In Operating Activities | 0 | 0 | -468,083 |
Cash Flows From Financing Activities | ' | ' | ' |
Proceeds from sale of common stock, net of offering costs | 0 | 0 | 336,000 |
Proceeds from donated capital | 0 | 0 | 121,994 |
Proceeds from notes payable | 0 | 0 | 65,000 |
Payments on notes payable | 0 | 0 | -55,000 |
Proceeds from notes payable - related party | 0 | 0 | 29,340 |
Payments to notes payable - related party | 0 | 0 | -29,251 |
Net Cash Provided by Financing Activities | 0 | 0 | 468,083 |
Net Increase (Decrease) In Cash | 0 | 0 | 0 |
Cash, Beginning of Period | 0 | 0 | 0 |
Cash, End of Period | 0 | 0 | 0 |
Supplemental Disclosure of Cash Flow Information: | ' | ' | ' |
Cash paid for interest | 0 | 0 | 0 |
Cash paid for income taxes | 0 | 0 | 0 |
Non-Cash Activities: | ' | ' | ' |
Conversion of debt to equity | 0 | 0 | 26,681 |
Forgiveness of debt by principal owner credited to additional paid-in capital | 0 | 0 | 93,215 |
Subscription receivable from Parent company | $0 | $0 | $50,000 |
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended |
Sep. 30, 2013 | |
LIQUIDITY/GOING CONCERN | ' |
BASIS OF PRESENTATION | ' |
NOTE 1 - BASIS OF PRESENTATION | |
The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period. | |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The results of operations for the three and nine month period ended September 30, 2013, are not necessarily indicative of the operating results for the full year. |
LIQUIDITYGOING_CONCERN
LIQUIDITY/GOING CONCERN | 9 Months Ended |
Sep. 30, 2013 | |
LIQUIDITY/GOING CONCERN | ' |
LIQUIDITY/GOING CONCERN | ' |
NOTE 2 - LIQUIDITY/GOING CONCERN | |
The Company does not have assets, nor has it established operations, and has accumulated losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2013 | |
RELATED PARTY TRANSACTIONS | ' |
RELATED PARTY TRANSACTIONS | ' |
NOTE 3 - RELATED PARTY TRANSACTIONS | |
During the nine month period ended September 30, 2013, Kuboo, Inc. (f/k/a Safe Communications, Inc. (“Kuboo”), Northsight Capital’s parent company, paid $27,096 on behalf of the Company in payment of Company obligations and operating expenses, consisting primarily of professional fees related to being a public company. These payments were treated as a contribution by Kuboo to the capital of the Company. |
RECENT_ACCOUNTING_PRONOUNCEMEN
RECENT ACCOUNTING PRONOUNCEMENTS | 9 Months Ended |
Sep. 30, 2013 | |
RECENT ACCOUNTING PRONOUNCEMENTS | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | ' |
NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS | |
The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements. |
RELATED_PARTY_TRANSACTIONS_AS_
RELATED PARTY TRANSACTIONS AS FOLLOWS (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
RELATED PARTY TRANSACTIONS AS FOLLOWS: | ' |
Payment of obligations and operating expenses | $27,096 |