Accredited Solutions (ASII) 10-Q 18 Sep 18 2014 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2014USD ($)shares
Document and Entity Information:
Entity Registrant Name	Lone Star Gold, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Trading Symbol	lstg
Amendment Flag	false
Entity Central Index Key	1,464,865
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding | shares	143,361,963
Entity Public Float | $	$ 0
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash	$ 0	$ 0
Prepaid expenses	0	0
Property and equipment, net	0	0
Mining assets	0	0
Total current assets	0	0
Total assets	0	0
Current liabilities
Accounts payable	109,495	109,495
Accrued liabilities	55,507	55,507
Note payable	45,778	45,778
Derivative liability	289,740	289,740
Due to related party	38,910	38,910
Total current liabilities	539,430	539,430
Total liabilities	539,430	539,430
Stockholders' equity
Common stock	143,262	143,262
Additional paid-in capital	5,398,908	5,398,908
Accumulated deficit	(6,061,913)	(6,061,913)
Non-controlling interest in subsidiary	(19,687)	(19,687)
Total stockholders' deficit	(539,430)	(539,430)
Total liabilities and stockholders' deficit	$ 0	$ 0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)		6 Months Ended
		Jun. 30, 2014	Jun. 30, 2013
Statement of Income
Revenue		$ 0	$ 0
Operating Expenses		0	250
Loss from operations		0	(250)
Other income (expense)		0	0
Income (loss) from discontinued operation		0	0
Net Income (Loss)		0	(250)
Net Income (loss) attributable to non-controlling interest		0	0
Net Income (loss) attributable to parent	[1]	$ 0	$ (250)
Loss per share - basic and diluted		$ 0	$ 0
Weighted average shares - basic and diluted		143,361,963	147,519,813
[1]	Lone Star Gold, Inc.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating Activities
Net Income (Loss)	$ 0	$ (250)
Non-cash adjustments to reconcile net loss to net cash:
Net income from discontinued operations	0	0
Accounts payable and accrued liabilities	0	250
Net Cash Used in Operating Activities	0	0
Financing Activities
Proceeds from sale of common stock	0	0
Proceeds from issuance of notes payable	0	0
Repayments of notes payable	0	0
Net Cash Provided by Financing Activities	0	0
Net change in cash	0	0
Cash - Beginning of Period	0	0
Cash - End of Period	$ 0	$ 0

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Discontinuance of Busienss	6 Months Ended
	Jun. 30, 2014
Notes
Note 1 - Nature of Operations and Discontinuance of Busienss	NOTE 1 – NATURE OF OPERATIONS AND DISCONTINUANCE OF BUSIENSS Lone Star Gold, Inc. (the "Company" or "Lone Star"), formerly known as Keyser Resources, Inc., was incorporated in the State of Nevada on November 26, 2007. The Company is an Exploration Stage Company as defined by Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 915 Development Stage Entities. Shortly after September 30, 2013, the Company ceased operation as it was in default of certain creditor obligations. In 2017, the Company was put into receivership to satisfy those outstanding creditor claims.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Non-controlling Interests Non-controlling interests represent the equity in a subsidiary not attributable directly or indirectly to the Company, and in represented in the consolidated balance sheets as a component of stockholders' equity. Non-controlling interests in the results of operations of the Company are presented in the face of the statement of operations as an allocation of the total profit or loss between non-controlling interests and the shareholders of the Company. (b) Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company's fiscal year-end is December 31. (c) Use of Estimates The preparation of financial statements in conformity with U.S. 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. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. (d) Net Loss Per Common Share The Company computes net income or loss per share in accordance with ASC 260 Earnings per Share. Under the provisions of the Earnings per Share Topic ASC, basic net loss per share is computed by dividing the net loss available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. The calculation of diluted net loss per share gives effect to common stock equivalents; however, potential common shares are excluded if their effect is anti-dilutive. (e) Income Taxes The Company accounts for its income taxes in accordance with ASC 740 Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. 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 deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is The statement establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns and the adoption of the statement had no material impact to the Company's consolidated financial statements. The Company files tax returns in the US and states in which it has operations and is subject to taxation. Tax years subsequent to 2013 remain open to examination by U.S. federal and state tax jurisdictions. (f) Discontinued operations We discontinued operations during the year ended December 31, 2013. All operations prior to that have been presented in the statement of operations and the cash flow statement as net income or loss from discontinued operations. In fact we had no assets related to an operating business as of June 30, 2014.

Note 3 - Subsequent Events

Note 3 - Subsequent Events	6 Months Ended
	Jun. 30, 2014
Notes
Note 3 - Subsequent Events	NOTE 3 – SUBSEQUENT EVENTS None.

Note 2 - Summary of Significan8

Note 2 - Summary of Significant Accounting Policies: (a) Non-controlling Interests (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(a) Non-controlling Interests	(a) Non-controlling Interests Non-controlling interests represent the equity in a subsidiary not attributable directly or indirectly to the Company, and in represented in the consolidated balance sheets as a component of stockholders' equity. Non-controlling interests in the results of operations of the Company are presented in the face of the statement of operations as an allocation of the total profit or loss between non-controlling interests and the shareholders of the Company.

Note 2 - Summary of Significan9

Note 2 - Summary of Significant Accounting Policies: (b) Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(b) Basis of Presentation	(b) Basis of Presentation These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company's fiscal year-end is December 31.

Note 2 - Summary of Significa10

Note 2 - Summary of Significant Accounting Policies: (c) Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(c) Use of Estimates	(c) Use of Estimates The preparation of financial statements in conformity with U.S. 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. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Note 2 - Summary of Significa11

Note 2 - Summary of Significant Accounting Policies: (d) Net Loss Per Common Share (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(d) Net Loss Per Common Share	(d) Net Loss Per Common Share The Company computes net income or loss per share in accordance with ASC 260 Earnings per Share. Under the provisions of the Earnings per Share Topic ASC, basic net loss per share is computed by dividing the net loss available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. The calculation of diluted net loss per share gives effect to common stock equivalents; however, potential common shares are excluded if their effect is anti-dilutive.

Note 2 - Summary of Significa12

Note 2 - Summary of Significant Accounting Policies: (e) Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(e) Income Taxes	(e) Income Taxes The Company accounts for its income taxes in accordance with ASC 740 Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. 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 deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is The statement establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns and the adoption of the statement had no material impact to the Company's consolidated financial statements. The Company files tax returns in the US and states in which it has operations and is subject to taxation. Tax years subsequent to 2013 remain open to examination by U.S. federal and state tax jurisdictions.

Note 2 - Summary of Significa13

Note 2 - Summary of Significant Accounting Policies: (f) Discontinued Operations (Policies)	6 Months Ended
	Jun. 30, 2014
Policies
(f) Discontinued Operations	(f) Discontinued operations We discontinued operations during the year ended December 31, 2013. All operations prior to that have been presented in the statement of operations and the cash flow statement as net income or loss from discontinued operations. In fact we had no assets related to an operating business as of June 30, 2014.