Bioxytran (BIXT) 10-K 31 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	U.S. RARE EARTH MINERALS, INC
Entity Central Index Key	1,445,815
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float	$ 246,495
Entity Common Stock, Shares Outstanding		23,816,351

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash	$ 11,092	$ 3,481
Accounts receivable	9,600
Inventory	6,272
Total current assets	26,964	3,481
Property and Equipment, Net of Accumulated Depreciation of $266,366 and $238,738 respectively	24,707	52,335
Total assets	51,671	55,816
CURRENT LIABILITIES:
Accounts payable and accrued expenses	37,165	91,056
Accounts payable- related party	168,325	24,003
Accrued interest	26,776	25,976
10% Series A Senior (non-subordinated) debentures	5,000	5,000
Loan payable	25,000	25,000
Notes Payable	80,000	80,000
Total current liabilities and total liabilities	342,266	251,035
STOCKHOLDERS' EQUITY (DEFICIT):
Class A Preferred stock: $0.001 par value; 50,000,000 authorized, 440,500 shares issued and outstanding as of December 31, 2016 and 2015, respectively	441	441
Common stock: $0.001 par value; 300,000,000 authorized, 28,166,350 and 12,316,350 shares issued and outstanding as of December 31, 2016 and 2015, respectively	28,166	12,316
Additional paid in capital	13,563,598	12,978,068
Accumulated deficit	(13,882,800)	(13,186,044)
Total stockholders' equity (deficit)	(290,595)	(195,219)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 51,671	$ 55,816

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Balance Sheets [Abstract]
Accumulated depreciation	$ 266,366	$ 238,738
Series A Senior (non-subordinated) debentures	10.00%	10.00%
Class A Preferred stock, par value	$ 0.001	$ 0.001
Class A Preferred stock, shares authorized	50,000,000	50,000,000
Class A Preferred stock, shares issued	440,500	440,500
Class A Preferred stock, shares outstanding	440,500	440,500
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	28,166,350	28,166,350
Common stock, shares outstanding	12,316,350	12,316,350

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statements of Operations [Abstract]
REVENUES	$ 246,495	$ 255,822
Cost of goods sold	96,304	135,685
Gross Profit	150,191	120,137
General, selling and administrative expenses	821,470	2,212,466
Total operating expenses	821,470	2,212,466
Operating Loss	(671,279)	(2,092,329)
Other income (expense):
Interest expense	(7,800)	(7,800)
Loss on settlement of debt	(17,677)
Total other income (expense)	(25,477)	(7,800)
Loss before provision for income taxes	(696,756)	(2,100,129)
Provision for income taxes
Net Loss	$ (696,756)	$ (2,100,129)
Net loss per common share - basic and diluted	$ (0.03)	$ (0.21)
Weighted average of common shares outstanding	26,505,350	10,082,191

Statement of Changes in Stockho

Statement of Changes in Stockholders' Equity - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid In Capital, Common	Additional Paid In Capital, Preferred	Accumulated Deficit
Beginning balance at Dec. 31, 2014	$ (221,452)	$ 5,816	$ 441	$ 10,418,147	$ 440,059	$ (11,085,915)
Beginning balance, shares at Dec. 31, 2014		5,816,438	440,500
Issuance of stock for services	1,890,000	$ 6,500		1,883,500
Shares issued to shareholders for services, shares		6,500,000
APIC from AP Settlement	$ 236,362			$ 236,362
Adjust rounding from reverse split		(88)
Net loss	$ (2,100,129)					$ (2,100,129)
Ending balance at Dec. 31, 2015	(195,219)	$ 12,316	$ 441	12,538,009	440,059	(13,186,044)
Ending balance, shares at Dec. 31, 2015		12,316,350	440,500
Issuance of stock for cash	50,000	$ 2,500		47,500
Issuance of stock for cash, shares		800,000
Issuance of stock for services	509,700	$ 12,550		497,150
Shares issued to shareholders for services, shares		12,550,000
Issuance of stock in exchange for payables	41,680	$ 800		40,880
Issuance of stock in exchange for payables, shares		800,000
Net loss	(696,756)					(696,756)
Ending balance at Dec. 31, 2016	$ (290,595)	$ 28,166	$ 441	$ 13,123,539	$ 440,059	$ (13,882,800)
Ending balance, shares at Dec. 31, 2016		28,166,350	440,500

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows From Operating Activities:
Net Loss	$ (696,756)	$ (2,100,129)
Adjustments to reconcile net loss to net cash provided By (used in) operations:
Depreciation	27,628	54,780
Stock for services	509,700	1,890,000
Loss on settlement of debt	17,677
Changes in assets and liabilities:
Decrease (Increase) accounts receivable	(9,600)
Decrease (Increase) inventory	(6,272)
Increase (Decrease) accounts payable and accrued expenses	46,285	128,659
Increase (Decrease) accounts payable - related party	168,325	24,003
Increase (Decrease) accrued interest	800
Net cash provided by (used in) operating activities	(42,389)	(2,687)
Cash Flows From Financing Activities:
Proceeds from Shares issued for cash	50,000
Issuance of notes payable		5,675
Repayment of notes payable		(5,675)
Net cash provided by financing activities	50,000
Net increase (decrease) in cash	7,611	(2,687)
Cash, beginning of period	3,481	6,168
Cash, end of period	11,092	3,481
Cash paid for:
Income Taxes
Interest	7,000	5,000
Supplemental schedule of non-cash activities:
Shares issued for Accounts payable - related party	41,680
Settlement of Accounts payable - related party		$ 236,362

Formation and Business of the C

Formation and Business of the Company	12 Months Ended
	Dec. 31, 2016
Formation and Business of the Company [Abstract]
FORMATION AND BUSINESS OF THE COMPANY	NOTE 1. FORMATION AND BUSINESS OF THE COMPANY Basis of Presentation and Organization U.S. Rare Earth Minerals, Inc. was incorporated in the state of Nevada on June 9, 2008. As used in these Notes to the Financial Statements, the terms the "Company", "we", "us", "our" and similar terms refer to U.S. Rare Earth Minerals, Inc. U.S. Rare Earth Minerals, Inc., formerly known as U.S. Natural Nutrients and Minerals, Inc. is in the business of mining a certain high quality Calcium Montmorillonite clay which is high in minerals and other nutrients that is used for agricultural purposes to restore minerals to mineral depleted soil and for mineral supplements for animals and humans. The Company approved a 50 to 1 reverse stock split of the common stock to be effective March 9, 2015. The effect of this split was retroactively applied to all periods reported in this filing.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The Company maintains cash balances at one financial institution. Accounts at that institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Cash balances may at times exceed the FDIC insured limits. The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents. Uncollectible Receivables The Company requires payment before release of product to preclude uncollectible receivables. If terms are granted to an established customer and their receivables are open one year past the due date, these open invoices will be reviewed to determine if they should be charged off at the year end. As of December 31, 2016 and 2015 no balances were charged off. Inventories Inventories are stated at the lower of cost or market using the first-in, first out (FIFO) method. As of December 31, 2016, all inventory consisted of finished goods. Fixed Assets The Company records fixed assets at cost and calculates depreciation using the straight-line method over the estimated useful life of the assets, which is estimated to be between five and seven years. Maintenance, repairs and minor renewals are charged to expense when incurred. Replacements and major renewals are capitalized. At December 31, 2016 and December 31, 2015, the value of mining equipment was $280,834, with accumulated depreciation of $256,950 and $231,102 respectively for a net value of $23,884 and $49,733 respectively. The value of office equipment was $10,239 with accumulated depreciation of $9,416 and $7,636 respectively for a net value of $823 and $2,603 respectively. At December 31, 2016 and December 31, 2015, the depreciation expense for mining equipment was $25,998 and $52,756 respectively and for office equipment was $1,630 and $2,024 respectively. Shipping and Handling Costs The Company charges the customer for shipping and handling and those costs are recorded as cost of sales. Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes”. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. We have no material uncertain tax positions for any of the reporting periods presented. Revenue Recognition The Company purchases Calcium Montmorillonite Clay pursuant to an agreement with a party, who owns the land and mine containing such clay, and resells the product for agricultural uses. Revenue from the sale of product obtained from our mining contractor is recognized when ownership passes to the purchaser at which time the following conditions are met: i) persuasive evidence that an agreement exists; ii) the risks and rewards of ownership pass to the purchaser including delivery of the product; iii) the selling price is fixed and determinable; or, iv) collectively is reasonably assured. Stock Based Compensation Stock based compensation is accounted for using the Equity-Based Payments to Non-Employee Topic of the FASB ASC, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. We determine the value of stock issued at the date of grant. We also determine at the date of grant the value of stock at fair market value or the value of services rendered (based on contract or otherwise) whichever is more readily determinable. Stock based compensation for employees is account for using the Stock Based Compensation Topic of the FASB ASC. We use the fair value method for equity instruments granted to employees and will use the Black Scholes model for measuring the fair value of options, if issued. The stock based fair value compensation is determined as of the date of the grant or the date at which the performance of the services is completed (measurement date) and is recognized over the vesting periods. Fair Value Measurements We adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) Recent Accounting Pronouncements From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2016
Going Concern [Abstract]
GOING CONCERN	NOTE 3. GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. To date, the Company has generated minimal revenue and has an accumulated deficit of $13,882,800 and a working capital deficiency of $315,302 as of December 31, 2016. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. 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. We will need to raise funds or implement our business plan to continue operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital sufficient to meet its minimal operating expenses by seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon, among other things, its ability to successfully accomplish the plans described in the preceding paragraph and eventually begin operations in accordance with its business plan. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2016
Capital Stock [Abstract]
CAPITAL STOCK	NOTE 4. CAPITAL STOCK On February 27, 2015, the Company filed a Certificate of Change with the Nevada Secretary of State changing the number of authorized common shares from 6,000,000 to 300,000,000. The Company is currently authorized to issue 50,000,000 shares of its $0.001 par value preferred stock and 300,000,000 shares of its $0.001 par value common shares. During 2015, at various times, an aggregate of 6,500,000 shares of common stock were issued in exchange for services. 6,000,000 shares, valued at $0.29 per share were issued to Board members and 500,000 shares were issued with a value of $0.30 per share to a consultant. During 2016, at various times, an aggregate of 18,850,000 shares of common stock were issued in exchange for services and consideration. 2,500,000 shares were sold to investors at $0.02 per share; 800,000 shares valued at $0.05 per share were issued for settlement of accounts payable – related party of $24,003 and a loss on settlement of debt in the amount $17,677 was recorded related to this issuance; 6,000,000 shares, valued at $0.04 per share, 1,500,000 shares valued at $0.02 per share and 1,500,000 shares valued at $0.05 per share were issued to Board members; 3,000,000 shares valued at $0.04 per share and 550,000 valued at $0.05 per share were issued to consultants; 3,000,000 shares were issued in error on August 29, 2016, cancelled on November 29, 2016 and returned to the treasury on February 15, 2017. The Company formally filed a Certificate of Designation authorizing 500,000 of the 50,000,000 authorized preferred shares to be designated as $0.001 par value, Class “A” 6% Cumulative, Convertible Voting Preferred Stock with the Nevada Secretary of State on December 31, 2013. The preferred stock ranks senior to the common stock of the Company in each case with respect to dividend distribution and distributions of assets upon liquidation, dissolution or winding up of the Company whether voluntary or involuntary. These shares are issued as Class “A” 6% Cumulative, Convertible Voting Preferred Stock. Each share is valued at $1.00 per share for purposes of calculating interest and for conversion purposes and accrues interest at 6% per annum from the date of issue. Interest is cumulative for a maximum of two years and compounds annually. Interest accrued thereon shall become due and payable and shall be paid by the Company on or prior to thirty (30) days after the second anniversary of issue date and each consecutive two year period thereafter. As of December 31, 2016 and 2015, a total of $86,610 and $56,774 has not been declared by the Company, respectively. Each share is convertible at any time from date of issue into five (5) shares of Company common stock. Each share shall be entitled to five (5) votes that may be cast by the holder at any shareholder meeting or event requiring a shareholder vote. All interest accrued to date of conversion will be paid by Company to holder within sixty (60) days of date of conversion by holder. These shares are callable by the Company at any time after three (3) years from date of issue at $1.00 plus accrued but unpaid interest unless previously converted. As of December 31, 2016 and 2015, there were 440,500 and 440,500 shares of Class “A” 6% Cumulative, Convertible Voting Preferred Stock issued and outstanding, respectively. As of December 31, 2016 and 2015, there were 28,166,350 and 12,316,438 shares of common stock issued and outstanding, respectively.

Notes and Debentures Payable

Notes and Debentures Payable	12 Months Ended
	Dec. 31, 2016
Notes and Debentures Payable/ Loan Payable [Abstract]
NOTES AND DEBENTURES PAYABLE	NOTE 5. NOTES AND DEBENTURES PAYABLE In 2009, the Company received multiple set of funds and the terms of each note payable are set forth: $5,000 note payable due upon demand and then in 2013 an $80,000 note bearing 6% per annum, simple interest, payable on or before August 23, 2013. The Company and note holders are in discussions with respect to the payoff of the notes as they both are in default. At December 31, 2016, the Company has recorded accrued interest of $8,698 related to the notes and debentures payable which is included in the $26,776 accrued interest balance on the balance sheet. At December 31, 2015, the Company has recorded accrued interest of $10,398 related to the notes and debentures payable which is included in the $25,976 accrued interest balance on the balance sheet. A $5,000 payment of accrued interest was made in 2015.

Loan Payable

Loan Payable	12 Months Ended
	Dec. 31, 2016
Notes and Debentures Payable/ Loan Payable [Abstract]
LOAN PAYABLE	NOTE 6. LOAN PAYABLE We have two short-term loans totaling $25,000 at December 31, 2016 and 2015. These loans were due in 2012 and as of December 31, 2016 and 2015, are in default. These notes are accruing interest at a rate of 10% per annum. At December 31, 2016 and 2015, the Company has recorded accrued interest of $18,078 and $15,578, respectively related to the loans payable which is included in the $26,776 and $25,976, respectively of accrued interest balance on the balance sheet.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
INCOME TAXES	NOTE 7. INCOME TAXES The components of the Company’s deferred tax asset are as follows as of December 31, 2016: December 31, December 31, Net operating loss carry forward at 35% $ 4,886,850 $ 4,615,115 Valuation allowance (4,886,850 ) (4,615,115 ) Net deferred tax allowance $ - $ - Deferred tax asset consists of accumulated net operating losses of approximately $13,875,000 and $13,186,000 as of December 31, 2016 and 2015, respectively, which expire between 2033 and 2036. The reconciliation of income tax expense at the U.S. statutory rate of 35% for the years ended December 31, 2016 and 2015 is as follows: 2016 2015 US Statutory rate 35 % 35 % Valuation allowance -35 % -35 % Income tax provision - - The Company had no gross unrecognized tax benefits that, if recognized, would affect the effective income tax rate in future periods. At December 31, 2016, the amount of gross unrecognized tax benefits before valuation allowances and the amount that would favorably affect the effective income tax rate in future periods after valuation allowances were $0. The Company has not accrued any additional interest or penalties. The Company files income tax returns in the United States. The Company will file its U.S. federal return for the year ended December 31, 2016 in 2017. Once filed, the 2016 U.S. federal return and those for 2015 and 2014 will be considered as open tax years. No tax returns are currently under examination by any tax authorities. The Company has not accrued any additional interest or penalties or the delinquency of our outstanding tax returns as we have incurred net losses in those periods still outstanding.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8. RELATED PARTY TRANSACTIONS The officers and directors for the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interest. The Company has not formulated a policy for the resolution of such conflicts. During 2015, in consideration of past stock issued to M. Strata, M. Strata forgave $236,362 of the balance owed by the Company relating to 2015, 2014, and December, 2013 tonnage fees. The Company made payments of $31,941 to M. Strata during 2016. As of December 31, 2016, the Company owed M. Strata $164,522 related to tonnage fees In 2015, four directors each received 1,500,000 shares of the company’s common stock for past and future services. At the time of issuance, each Director held a minimum of 10% of the outstanding common stock. Refer to Item 12 herein for actual percentages each Director holds. 18,850,000 shares of common stock were issued during 2016. 800,000 shares were issued to a Director for settlement of accounts payable – related party of $24,003 and a loss on settlement of debt in the amount $17,677 was recorded related to this issuance; 2,500,000 shares were sold to investors; 9,000,000 shares were issued to Directors; 3,550,000 shares were issued to consultants. As of December 31, 2016, the Company had an outstanding payable of $3,803 to a company owned by the CEO for packaging services provided during the year. As of December 31, 2015, the Company had an outstanding payable to Dave Quincy Farber $24,003. During 2015, the Company rented office space at 4613 Bradford Court, Reno, Nevada 89519 from Michael Herod at no cost.

Concentration

Concentration	12 Months Ended
	Dec. 31, 2016
Concentration [Abstract]
CONCENTRATION	NOTE 9. CONCENTRATION The Company has concentrated sales as follows: % of Sales 2016 2015 Customer #1 87 % 58 % Customer #2 0 % 28 % The Company has concentrated purchases as follows: % of Purchases 2016 2015 Vendor #1 64 % 56 %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10. COMMITMENTS AND CONTINGENCIES The Company has been advised by the Bureau of Land Management that it must prepare and submit an amended plan of remediation for Eagle 4 and related areas where mining and related activities are being conducted and also will be required to submit an environmental assessment as well which will interrupt mining activities. The amended plan of remediation to be submitted may result in increasing the amount of the bond presently posted by the Company. In addition, the Company has been advised by the BLM that it owes the BLM for materials removed from the mine site in prior years. The amounts have not been determined. The Company and the BLM are waiting also for the Army Corps of Engineers to determine if a drainage ditch adjacent to the mine site is a stream, which is regulated by them. As of December 31, 2016 no determination has been made by the Army Corps of Engineers. No communication has been received from the Army Corps of Engineers since May 2014.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS In preparing the financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were available to be issued. Of the 18,850,000 shares of common stock issued in 2016, 4,349,999 shares were cancelled by Treasury Order on January 23, 2017 and 3,000,000 shares were cancelled on February 15, 2017.

Significant Accounting Polici18

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Significant Accounting Policies [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents The Company maintains cash balances at one financial institution. Accounts at that institution are insured by the Federal Deposit Insurance Corporation up to $250,000. Cash balances may at times exceed the FDIC insured limits. The Company considers all highly liquid investments with maturity of three months or less when purchased to be cash equivalents.
Uncollectible Receivables	Uncollectible Receivables The Company requires payment before release of product to preclude uncollectible receivables. If terms are granted to an established customer and their receivables are open one year past the due date, these open invoices will be reviewed to determine if they should be charged off at the year end. As of December 31, 2016 and 2015 no balances were charged off.
Inventories	Inventories Inventories are stated at the lower of cost or market using the first-in, first out (FIFO) method. As of December 31, 2016, all inventory consisted of finished goods.
Fixed Assets	Fixed Assets The Company records fixed assets at cost and calculates depreciation using the straight-line method over the estimated useful life of the assets, which is estimated to be between five and seven years. Maintenance, repairs and minor renewals are charged to expense when incurred. Replacements and major renewals are capitalized. At December 31, 2016 and December 31, 2015, the value of mining equipment was $280,834, with accumulated depreciation of $256,950 and $231,102 respectively for a net value of $23,884 and $49,733 respectively. The value of office equipment was $10,239 with accumulated depreciation of $9,416 and $7,636 respectively for a net value of $823 and $2,603 respectively. At December 31, 2016 and December 31, 2015, the depreciation expense for mining equipment was $25,998 and $52,756 respectively and for office equipment was $1,630 and $2,024 respectively.
Shipping and Handling Costs	Shipping and Handling Costs The Company charges the customer for shipping and handling and those costs are recorded as cost of sales.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes”. Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. We have no material uncertain tax positions for any of the reporting periods presented.
Revenue Recognition	Revenue Recognition The Company purchases Calcium Montmorillonite Clay pursuant to an agreement with a party, who owns the land and mine containing such clay, and resells the product for agricultural uses. Revenue from the sale of product obtained from our mining contractor is recognized when ownership passes to the purchaser at which time the following conditions are met: i) persuasive evidence that an agreement exists; ii) the risks and rewards of ownership pass to the purchaser including delivery of the product; iii) the selling price is fixed and determinable; or, iv) collectively is reasonably assured.
Stock Based Compensation	Stock Based Compensation Stock based compensation is accounted for using the Equity-Based Payments to Non-Employee Topic of the FASB ASC, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. We determine the value of stock issued at the date of grant. We also determine at the date of grant the value of stock at fair market value or the value of services rendered (based on contract or otherwise) whichever is more readily determinable. Stock based compensation for employees is account for using the Stock Based Compensation Topic of the FASB ASC. We use the fair value method for equity instruments granted to employees and will use the Black Scholes model for measuring the fair value of options, if issued. The stock based fair value compensation is determined as of the date of the grant or the date at which the performance of the services is completed (measurement date) and is recognized over the vesting periods.
Fair Value Measurements	Fair Value Measurements We adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuances of warrants and/or embedded conversion options, are comparable to rates of returns for instruments of similar credit risk. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule of deferred tax asset	December 31, December 31, Net operating loss carry forward at 35% $ 4,886,850 $ 4,615,115 Valuation allowance (4,886,850 ) (4,615,115 ) Net deferred tax allowance $ - $ -
Schedule of reconciliation of income tax expense	2016 2015 US Statutory rate 35 % 35 % Valuation allowance -35 % -35 % Income tax provision - -

Concentration (Tables)

Concentration (Tables)	12 Months Ended
	Dec. 31, 2016
Concentration [Abstract]
Schedule of concentration	% of Sales 2016 2015 Customer #1 87 % 58 % Customer #2 0 % 28 % % of Purchases 2016 2015 Vendor #1 64 % 56 %

Formation and Business of the21

Formation and Business of the Company (Details)	Mar. 09, 2015
Formation and business of the company (Textual)
Common stock, reverse stock split	50 to 1

Significant Accounting Polici22

Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Significant Accounting Policies (Textual)
Cash, FDIC insured amount	$ 250,000
Estimated useful life of assets	Between five and seven years.
Accumulated depreciation	$ 266,366	$ 238,738
Fixed assets net value	24,707	52,335
Depreciation	27,628	54,780
Office equipment [Member]
Significant Accounting Policies (Textual)
Fixed assets gross value	10,239	10,239
Accumulated depreciation	9,416	7,636
Fixed assets net value	823	2,603
Depreciation	1,630	2,024
Mining equipment [Member]
Significant Accounting Policies (Textual)
Fixed assets gross value	280,834	280,834
Accumulated depreciation	256,950	231,102
Fixed assets net value	23,884	49,733
Depreciation	$ 25,998	$ 52,756

Going Concern (Details)

Going Concern (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Going Concern (Textual)
Accumulated deficit	$ (13,882,800)	$ (13,186,044)
Working capital deficiency	$ 315,302

Capital Stock (Details)

Capital Stock (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 29, 2016	Dec. 31, 2016	Dec. 31, 2015	Feb. 27, 2015
Capital Stock (Textual)
Class A Preferred stock, shares authorized		50,000,000	50,000,000
Class A Preferred stock, par value		$ 0.001	$ 0.001
Common stock, shares authorized		300,000,000	300,000,000	6,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares issued		28,166,350	28,166,350
Common stock, shares outstanding		12,316,350	12,316,350
Loss on settlement of accounts payable		$ 17,677
Accounts payable related party		168,325	$ 24,003
Stock issued during period, value		50,000
Shares, cancelled	3,000,000
Total not declared		$ 86,610	$ 56,774
Class A 6% cumulative, convertible voting preferred stock issued		440,500	440,500
Class A 6% cumulative, convertible voting preferred stock issued		440,500	440,500
Common stock issued for exchange services		18,850,000
Class A 6% Cumulative, Convertible Voting Preferred Stock [Member]
Capital Stock (Textual)
Class A Preferred stock, shares authorized		500,000
Class A Preferred stock, par value		$ 0.01
Description of convertible voting preferred stock		The Company formally filed a Certificate of Designation authorizing 500,000 of the 50,000,000 authorized preferred shares to be designated as $0.001 par value, Class "A" 6% Cumulative, Convertible Voting Preferred Stock with the Nevada Secretary of State on December 31, 2013.
Conversion of stock, description		These shares are issued as Class "A" 6% Cumulative, Convertible Voting Preferred Stock. Each share is valued at $1.00 per share for purposes of calculating interest and for conversion purposes and accrues interest at 6% per annum from the date of issue. Interest is cumulative for a maximum of two years and compounds annually. Interest accrued thereon shall become due and payable and shall be paid by the Company on or prior to thirty (30) days after the second anniversary of issue date and each consecutive two year period thereafter.
Consultant [Member]
Capital Stock (Textual)
Common stock, par value		$ 0.05
Shares issued to shareholders for services, shares		550,000	500,000
Stock issuance price per share		$ 0.04	$ 0.30
Shares granted		3,000,000
Board members [Member]
Capital Stock (Textual)
Common stock, par value		$ 0.02
Shares issued to shareholders for services, shares		1,500,000	6,000,000
Stock issued during period new shares issued for cash		1,500,000
Stock issuance price per share		$ 0.04	$ 0.29
Common stock, shares issued			500,000
Shares granted		6,000,000
Investor [Member]
Capital Stock (Textual)
Shares issued to shareholders for services, shares		2,500,000
Stock issuance price per share		$ 0.02
Shareholder [Member]
Capital Stock (Textual)
Conversion of stock, description		Each share is convertible at any time from date of issue into five (5) shares of Company common stock. Each share shall be entitled to five (5) votes that may be cast by the holder at any shareholder meeting or event requiring a shareholder vote. All interest accrued to date of conversion will be paid by Company to holder within sixty (60) days of date of conversion by holder. These shares are callable by the Company at any time after three (3) years from date of issue at $1.00 plus accrued but unpaid interest unless previously converted.
Common Stock [Member]
Capital Stock (Textual)
Shares issued to shareholders for services, shares		12,550,000	6,500,000
Stock issued during period new shares issued for cash		800,000
Stock issuance price per share		$ 0.05
Stock issued during period, value		$ 2,500
Preferred Stock [Member]
Capital Stock (Textual)
Stock issued during period, value

Notes and Debentures Payable (D

Notes and Debentures Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2009
Notes and Debentures Payable (Textual)
Accrued interest related to notes	$ 8,698	$ 10,398
Accrued interest	26,776	25,976
Payment of accrued interest	$ 7,000	$ 5,000
Notes payable due, description	On or before August 23, 2013.
Note payable upon demand [Member]
Notes and Debentures Payable (Textual)
Note payable				$ 5,000
Note payable upon demand 1[Member]
Notes and Debentures Payable (Textual)
Note payable			$ 80,000
Note bearing, interest rate			6.00%

Loan Payable (Details)

Loan Payable (Details)	12 Months Ended
	Dec. 31, 2016USD ($)Loans	Dec. 31, 2015USD ($)
Loan Payable (Textual)
Two short-term loans totaling	$ 25,000	$ 25,000
Accrued interest related to loans payable	$ 18,078	15,578
Accrued interest percentage	10.00%
Accrued interest	$ 26,776	$ 25,976
Number of loans | Loans	2

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Schedule of deferred tax asset
Net operating loss carry forward at 35%	$ 4,886,850	$ 4,615,115
Valuation allowance	(4,886,850)	(4,615,115)
Net deferred tax allowance

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of reconciliation of income tax expense
US Statutory rate	35.00%	35.00%
Valuation allowance	(35.00%)	(35.00%)
Income tax provision

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Textual)
Net operating losses	$ 13,875,000	$ 13,186,000
Operating loss carryforwards expiration date	Between 2033 and 2036.
US Statutory rate	35.00%	35.00%
Effective income tax rate valuation allowances	$ 0

Related Party Transactions (Det

Related Party Transactions (Details)	12 Months Ended
	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)Directorsshares
Related Party Transactions (Textual)
Loss on settlement of debt	$ (17,677)
Accounts payable - related party	24,003
Outstanding payable	3,803	24,003
M Strata [Member]
Related Party Transactions (Textual)
Balance owed by the Company		$ 236,362
Payment to M. Strata	31,941
Tonnage fees	$ 164,522
Directors [Member]
Related Party Transactions (Textual)
Number of directors | Directors		4
Percentage of common stock outstanding		10.00%
Common stock, shares issued | shares	9,000,000
Shares issued to shareholders for services, shares | shares	18,850,000	1,500,000
Shares issued to director | shares	800,000
Investors [Member]
Related Party Transactions (Textual)
Common stock, shares issued | shares	2,500,000
Consultants [Member]
Related Party Transactions (Textual)
Common stock, shares issued | shares	3,550,000

Concentration (Details)

Concentration (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Customer #1[Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk percentage	87.00%	58.00%
Customer #2 [Member] | Sales [Member]
Concentration Risk [Line Items]
Concentration risk percentage	0.00%	28.00%
Vendor #1 [Member] | Purchases [Member]
Concentration Risk [Line Items]
Concentration risk percentage	64.00%	56.00%

Subsequent Events (Details)

Subsequent Events (Details) - shares	1 Months Ended		12 Months Ended
	Feb. 15, 2017	Jan. 23, 2017	Dec. 31, 2016
Director [Member]
Subsequent Events (Textual)
Stock issued during period shares, issued			18,850,000
Subsequent Event [Member]
Subsequent Events (Textual)
Common stock shares cancelled by the treasury order		4,349,999
Shares cancelled	3,000,000