Accredited Solutions (ASII) 10-K/A 22 Jul 19 2016 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	12 Months Ended
	Dec. 31, 2016	Jun. 25, 2019
Document And Entity Information
Entity Registrant Name	LONE STAR GOLD, INC.
Entity Central Index Key	0001464865
Document Type	10-K/A
Amendment Flag	true
Amendment Description	Amendment
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2016
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2016
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		1,434,720

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash
TOTAL ASSETS
CURRENT LIABILITIES
Due to related party	38,910	38,910
TOTAL LIABILITIES	$ 38,910	$ 38,910
STOCKHOLDERS' DEFICIT
Common stock, authorized 150,000,000, par value $0.001 issued and outstanding - 1,432,620 (2015 - 1,432,620)	$ 1,433	$ 1,433
Additional paid-in capital	$ 5,088,968	$ 5,088,968
Accumulated deficit	(5,129,311)	(5,129,311)
Total stockholders' deficit	(38,910)	(38,910)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
STOCKHOLDERS' DEFICIT
Common stock, shares authorized	150,000,000	150,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	1,432,620	1,432,620
Common stock, shares outstanding	1,432,620	1,432,620

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENTS OF OPERATIONS
REVENUE
EXPENSES
Income(loss) from discontinued operations
NET INCOME(LOSS)
Net Income(Loss) per share- basic and diluted
Weighted average number of common shares- basic and diluted	1,432,620	1,432,620

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Operating activities
Net income(Loss)
Adjustments to reconcile net income(loss) to net cash used in operating activities
Cash used in Operating Activities
Net change in cash

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Total	Common Stock Shares	Additional Paid-In Capital	Accumulated Deficit
Balance - January 1, 2015 at Jan. 01, 2015		1,432,620
Balance - January 1, 2015 at Jan. 01, 2015	$ (38,910)	$ 1,433	$ 5,088,968	$ (5,129,311)
Net income
Balance - December 31, 2015 at Dec. 31, 2015		143,620
Balance - December 31, 2015 at Dec. 31, 2015	(38,910)	$ 1,433	5,088,968	(5,129,311)
Net income
Balance - December 31, 2015 at Dec. 31, 2016		143,620
Balance - December 31, 2015 at Dec. 31, 2016	$ (38,910)	$ 1,433	$ 5,088,968	$ (5,129,311)

NATURE OF OPERATIONS AND DISCON

NATURE OF OPERATIONS AND DISCONTINUANCE OF BUSINESS	12 Months Ended
	Dec. 31, 2016
NATURE OF OPERATIONS AND DISCONTINUANCE OF BUSINESS
NOTE 1 - NATURE OF OPERATIONS AND DISCONTINUANCE OF BUSINESS	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. On January 26, 2012, the Company, acting through a subsidiary, Amiko Kay, S. de R.L. de C.V., a company organized under the laws of Mexico (“Amiko Kay”), entered into a Joint Venture Agreement (the “JV Agreement”) with Miguel Angel Jaramillo Tapia (“Jaramillo”), a resident of Mexico. Under the JV Agreement, Amiko Kay and Jaramillo agreed to process mine tailings located in the city of Hidalgo Del Parral in the state of Chihuahua, Mexico (the “Tailings”), and, after processing, to use, market and sell any minerals extracted from the Tailings. The Company owns 99% of the issued and outstanding membership interests of Amiko Kay. The JV Agreement provides Amiko Kay the right to receive 65% of the net revenues from the sale of any materials extracted from the Tailings. Shortly after September 30, 2013, the Company ceased operation as it was in default of certain creditor obligations. The Company was put into receivership to satisfy outstanding judgment creditor claims.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(a) 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. (b) Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany accounts and transactions have been eliminated in consolidation. (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 provided for the amount of deferred tax assets that would otherwise be recorded for income tax benefits primarily relating to operating loss carryforwards as realization cannot be determined to be more likely than not. 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.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2016
GOING CONCERN
NOTE 3 - GOING CONCERN	The Company has elected to adopt early application of Accounting Standards Update No. 2014-15, “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). The Company’s financial statements have been prepared on the basis that the Company has ceased operations for the time being and is in the process of pursuing business opportunities for the Company to resume as a going concern. As reflected in the consolidated financial statements, the Company had an accumulated deficit of $(5,129,311) at December 31, 2016. These factors raise substantial doubt about the Company’s ability to continue as a going concern in the future once it acquires a viable entity. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company is unable to continue as a going concern.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES
NOTE 4 - INCOME TAXES	The Company operates in the United States; accordingly, federal and state income taxes have been provided based upon the tax laws and rates of the US. Deferred taxes are determined based on the temporary differences between the financial statement and income tax bases of assets and liabilities as measured by the enacted tax rates, which will be in effect when these differences reverse. The Company is subject to United States income taxes at a rate of 34%. The Company has been inactive and consequently the recovery of income taxes from losses carried forward are unlikely. No disclosure of valuation allowance changes is necessary:

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	All related party transactions are recorded at the exchange amount which is the value established and agreed to by the related party. A payable to a related party of $17,574 to Maurice Bideaux, the Company’s former chief executive officer and director, was forgiven by Mr. Bideaux in 2010. An additional advance from Mr. Bideaux of $38,910 remains unpaid.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2016
EQUITY
NOTE 6 - EQUITY	Common Shares On February 28, 2019, the Company was advised that FINRA had received the necessary documentation to announce a 100:1 reverse split. This corporate action took effect on 3/1/2019 and on that date every 100 outstanding shares of the Company’s common stock share were automatically converted into one share of common stock. Accordingly, all share and per share information has been restated to retroactively show the effect of this reverse split.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTS	The Company has evaluated all transactions from December 31, 2014 through the financial statement issuance date for subsequent event disclosure consideration and noted no significant subsequent event that needs to be disclosed except as follows: In February 2018 William Alessi, the Company’s sole director and Executive Officer was issued 100,000 shares of common stock and 30,000,000 shares of Series A preferred share. Each Series A preferred share is entitled to 100 votes on any matter upon which the holder of common stock is entitled to vote. In February 2019 Mr. Alessi returned 12,000,000 shares of the Company’s Series A preferred stock to the Company for cancellation. On February 6, 2019, the Company issued 12,000,000 shares of its Series A preferred stock to S. Mark Spoone in consideration for the acquisition of Spoone’s trademarks and intellectual property which includes all rights and trade secrets to the hemp-derived CBD-infused line of consumer beverages. After Mr. Alessi’s cancellation and the issuance of the shares to Mr. Spoone, Mr. Alessi and Mr. Spoone each owned 12,000,000 shares of the Company’s Series A Preferred Stock. The cancellation of Mr. Alessi’s Series A preferred shares, and the issuance of the preferred shares to Mr. Spoone (the “ Cancellation and Issuance On February 6, 2019 Mr. Alessi sold 6,000,000 shares of his Series A preferred stock to Chris Chumas. On February 28, 2019, the Company was advised that FINRA had received the necessary documentation to announce a 1:100 reverse split of the Company’s common stock. This corporate action took effect on 3/1/2019.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
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.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany accounts and transactions have been eliminated in consolidation.
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.
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.
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 provided for the amount of deferred tax assets that would otherwise be recorded for income tax benefits primarily relating to operating loss carryforwards as realization cannot be determined to be more likely than not. 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.
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.

NATURE OF OPERATIONS AND DISC_2

NATURE OF OPERATIONS AND DISCONTINUANCE OF BUSIENSS (Details Narrative)	12 Months Ended
	Dec. 31, 2016	Jan. 26, 2012
State of Incorporation	Nevada
Entity incorporation, date of incorporation	Nov. 26, 2007
Amiko Kay [Member]
Ownership interest		99.00%
Percentage of revenue payble to related party under agreement		65.00%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
GOING CONCERN (Details Narrative)
Accumulated deficit	$ (5,129,311)	$ (5,129,311)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - Mr. Bideaux [Member]	12 Months Ended
	Dec. 31, 2016USD ($)
Due to related party	$ 38,910
2010 [Member]
Debt instrument, decrease, forgiveness	$ 17,574

EQUITY (Details Narrative)

EQUITY (Details Narrative)	1 Months Ended
	Feb. 28, 2019
Subsequent Event [Member]
Reverse stock split, description	FINRA had received the necessary documentation to announce a 1:100 reverse split.

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - shares	Feb. 06, 2019	Feb. 28, 2019	Feb. 28, 2018
Shares issuable description	The Company as each share of Series A preferred shares entitles the holder thereof 100 votes per share, and there were approximately 143,361,963 shares of Company common stock outstanding, and 30,000,000 shares of Series A preferred stock outstanding, immediately prior to the Cancellation and Issuance. Mr. Alessi therefore controlled approximately 76.4% of the votes associated with the capital stock of the Company before the Cancellation and Issuance, and after the Cancellation and Issuance, Mr. Alessi and Mr. Spoone now each control approximately 38.2% of the votes associated with the capital stock of the Company
Reverse split		FINRA had received the necessary documentation to announce a 1:100 reverse split.
William Alessi [Member]
Common stock shares issued			100,000
Series A Preferred Stock [Member]
Preferred stock shares issued	12,000,000
Sale of stock	6,000,000
Series A Preferred Stock [Member] | William Alessi [Member]
Preferred stock shares cancelled		12,000,000
Preferred Shares voting right description			A preferred share is entitled to 100 votes on any matter upon which the holder of common stock is entitled to vote
Preferred stock shares issued			30,000,000