JPX Global (JPEX) 10-K/A 19 Apr 17 2016 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	JPX Global Inc.
Entity Central Index Key	1,506,814
Document Type	10-K/A
Document Period End Date	Dec. 31, 2016
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Amendment Description	This amendment is for the sole purpose of filing the XBRL financial report.
Entity Public Float			$ 13,980,871
Entity Common Stock, Shares Outstanding		205,473,596
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 583	$ 83
Total Current Assets	583	83
TOTAL ASSETS	583	83
CURRENT LIABILITIES
Accounts payable and accrued liabilities	47,989	29,902
Advances from related party	14,594	243,864
Notes payable to related parties	171,864	18,000
Notes payable	148,146	0
Convertible loan payable - related party	1,500	1,500
Derivative liability	724,364	0
Total Current Liabilities	1,108,457	293,266
TOTAL LIABILITIES	1,108,457	293,266
Preferred stock, $0.001 par value; 40,000,000 shares authorized:
Common stock	171,789	167,456
Additional paid-in capital	33,468,361	32,832,694
Accumulated deficit	(34,758,025)	(33,303,334)
Total Stockholders' Deficit	(1,107,874)	(293,183)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	583	83
Series A Preferred Stock
Preferred stock, $0.001 par value; 40,000,000 shares authorized:
Preferred Stock	1	1
Series B Preferred Stock
Preferred stock, $0.001 par value; 40,000,000 shares authorized:
Preferred Stock	$ 10,000	$ 10,000

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	40,000,000	40,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	171,789,142	167,455,809
Common stock, shares outstanding	171,789,142	167,455,809
Series A Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	1,000	1,000
Preferred Stock, shares outstanding	1,000	1,000
Series B Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	10,000,000	10,000,000
Preferred Stock, shares outstanding	10,000,000	10,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
NET REVENUES	$ 0	$ 0
OPERATING EXPENSES
Consulting fees (including stock-based compensation of $600,000 and $2,050,000, respectively)	630,000	2,050,000
Professional and accounting fees	124,332	52,557
Other general and administrative	26,189	1,592
Total Operating Expenses	780,521	2,104,149
LOSS FROM OPERATIONS	(780,521)	(2,104,149)
OTHER INCOME (EXPENSES)
Income (expense) from derivative liability	558,364	0
Interest expense (including the amortization of debt discounts of $98,146 and $-0-, respectively)	(115,806)	(752)
Total Other Income (Expenses)	(674,170)	(752)
NET INCOME (LOSS)	$ (1,454,691)	$ (2,104,901)
Net income (loss) per common share - basic and diluted	$ (0.01)	$ (0.01)
Weighted average common shares outstanding - basic and diluted	169,435,772	167,186,220

Statements of Operations (Paren

Statements of Operations (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Stock-based compensation	$ 600,000	$ 2,050,000
Amortization of debt discounts	$ 98,146	$ 0

Statements of Stockholders' Def

Statements of Stockholders' Deficit - USD ($)	Series A Preferred Stock	Series B Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2014	1,000	10,000,000	165,405,809
Beginning balance, value at Dec. 31, 2014	$ 1	$ 10,000	$ 165,406	$ 30,784,744	$ (31,198,433)	$ (238,282)
Shares issued for services, shares			2,050,000
Shares issued for services, value			$ 2,050	2,047,980		2,050,000
Shares issued for cash, value						0
Net loss					(2,104,901)	(2,104,901)
Ending balance, shares at Dec. 31, 2015	1,000	10,000,000
Ending balance, value at Dec. 31, 2015	$ 1	$ 10,000	$ 167,455,809	32,832,694	(33,303,334)	(293,183)
Shares issued for services, shares			3,000,000
Shares issued for services, value			$ 3,000	597,000		600,000
Shares issued for cash, value						40,000
Net loss					(1,454,691)	(1,454,691)
Ending balance, shares at Dec. 31, 2016	1,000	10,000,000	171,789,142
Ending balance, value at Dec. 31, 2016	$ 1	$ 10,000	$ 171,789	$ 33,468,361	$ (34,758,025)	$ (1,107,874)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (1,454,691)	$ (2,104,901)
Adjustments to reconcile net loss to net cash used by operating activities:
Common stock issued for services	600,000	2,050,000
Note payable issued for legal services	50,000	0
Amortization of debt discount	98,146	0
Expense (income) from derivative liability	(558,364)	0
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	18,087	14,564
Net Cash Used by Operating Activities	(130,094)	(40,337)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock	40,000	0
Proceeds from note payable	166,000	0
Proceeds from notes payable to related party	5,000	18,000
Proceeds from advances from related party	25,094	22,078
Payments on note payable to related party	(105,500)	0
Net Cash Provided by Financing Activities	130,594	40,078
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	500	(259)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	83	342
CASH AND CASH EQUIVALENTS, END OF PERIOD	583	83
SUPPLEMENTAL CASH FLOW INFORMATION
Interest	0	0
Taxes	0	0
Non-cash investing and financing activities:
Issuance of note payable to related party in satisfaction of advances from related party liability	$ 254,364	$ 0

NOTE 1. ORGANIZATION

NOTE 1. ORGANIZATION	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 1. ORGANIZATION	NOTE 1. ORGANIZATION The Company was incorporated under the laws of the state of Nevada on December 18, 2008, with 75,000,000 authorized common shares with a par value of $0.001. On January 3, 2013, the Company approved the action to amend and restate the Articles of Incorporation to increase the authorized common shares to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent of the holder representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held, but no conversion, dividend, and liquidation rights. On February 5, 2014, the Company entered into an agreement to acquire all of the operating assets of Scorpex, Inc. (“Scorpex”) (an entity related by common control) in exchange for 105,000,000 shares of common stock and 10,000,000 shares of Series B Preferred Stock of the Company. Scorpex is majority owned and controlled by JPX Global, Inc.’s then controlling shareholder, Joseph Caywood. Each share of Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote. With the acquisition of these assets, which consist primarily of a license agreement, the Company has modified its business plan to include the development of waste management services including the storage, recycling, and disposal of waste. The Company does not presently have any waste management operations. The acquired assets consist primarily of a license agreement between Scorpex and Tratamientos Ambientales Scorpion, S.A. de C.V. (a corporation formed under the laws of Mexico) (“TAS”). This license agreement with TAS has been assigned to JPX. TAS is a wholly owned subsidiary of Scorpex, and is, therefore, a common control entity. ASC 805-50-30-5 provides guidance on measuring assets and liabilities transferred between entities under common control. As the entities are under common control and the license agreement had no basis on Scorpex’s books they are being acquired at their carrying amounts (with no cost basis) on the date of transfer and, therefore, the transaction value is $-0-. The license agreement was dated July 30, 2011 and provided Scorpex with an exclusive worldwide license for the permits, property, and any and all of TAS’s other assets necessary for the business of storing, recycling, disposing, and treating waste in Mexico for a term of 10 years. The agreement also provided for Scorpex’s annual payment to TAS of 20% of its Net Revenues (gross cash receipts less cost of processing and other expenses excluding general, administrative, interest, and taxes) from the license. Pursuant to the Assignment Consent dated February 3, 2014, TAS agreed to extend the term of the agreement every 10 years if operations have commenced pursuant to the license agreement.

NOTE 2. GOING CONCERN

NOTE 2. GOING CONCERN	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 2. GOING CONCERN	NOTE 2. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company has incurred accumulated losses of $34,758,025 since inception through December 31, 2016. Continuation of the company as a going concern is dependent upon obtaining additional working capital. The management of the Company has developed a strategy which it believes will accomplish this objective through short term loans from related parties, and additional equity investments, which will enable the company to continue operations for the coming year. 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.

NOTE 3. SUMMARY OF SIGNIFICANT

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Methods The Company recognizes income and expenses based on the accrual method of accounting. The Company follows accounting principles generally accepted in the United States. Income Tax The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the 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. Basic and Diluted Net Income (loss) Per Share The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. For the years ended December 31, 2016 and 2015, the common shares underlying the following dilutive securities were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive: Common Shares Issuable Year Ended December 31, 2016 2015 Convertible loan payable – related party 1,500,000 1,500,000 Series B Preferred Stock 100,000,000 100,000,000 Total common shares issuable 101,500,000 101,500,000 Cash & Cash Equivalents 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. Revenue Recognition Revenue is recognized upon completion of services or delivery of goods where the sales price is fixed or determinable and the collectability is reasonably assured. The Company has no revenue to date. Advertising and Market Development The Company expenses advertising and market development costs. As of December 31, 2016, the company has not incurred any advertising and market development costs. Impairment of Long-Lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of FASB ASC 930-360-35, Asset Impairment, and 360-10 through 15-5, Impairment or Disposal of Long-Lived Assets. Environmental Requirements At the report date, environmental requirements related to a formally held mineral claim are unknown and therefore any estimate of future costs cannot be made. Mineral Property Acquisition Costs Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with FASB Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models from exploration stage mineral interests. This, however, involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically. Estimates and Assumptions Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements. Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50. Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2016. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and cash equivalents, accounts payable and accrued liabilities, advances from related party, notes payable to related parties, notes payable, and convertible loan payable – related party. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1: The preferred inputs to valuation efforts are "quoted prices in active markets for identical assets or liabilities," with the caveat that the reporting entity must have access to that market. Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets. Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations. Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as "unobservable," and limits their use by saying they "shall be used to measure fair value to the extent that observable inputs are not available." This category allows "for situations in which there is little, if any, market activity for the asset or liability at the measurement date". Earlier in the standard, FASB explains that "observable inputs" are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants. Recent Accounting Pronouncements The Company has evaluated recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statements.

NOTE 4. ADVANCES FROM RELATED P

NOTE 4. ADVANCES FROM RELATED PARTY	12 Months Ended
	Dec. 31, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
NOTE 4. ADVANCES FROM RELATED PARTY	NOTE 4. ADVANCES FROM RELATED PARTY The advances from related party liability at December 31, 2016 ($14,594) and 2015 ($243,864) is due to Joseph Caywood, significant stockholder of the Company. The liability is non-interest bearing and due on demand.

NOTE 5. NOTES PAYABLE TO RELATE

NOTE 5. NOTES PAYABLE TO RELATED PARTIES	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
NOTE 5. NOTES PAYABLE TO RELATED PARTIES	NOTE 5. NOTES PAYABLE TO RELATED PARTIES The notes payable to related parties at December 31, 2016 and 2015 consist of: December 31, 2016 2015 Promissory note dated May 20, 2015, interest at 8% per annum, interest and principal due November 20, 2015 $ 8,000 $ 8,000 Promissory note dated June 24, 2015, interest at 8% per annum, interest and principal due December 24, 2015 8,000 8,000 Promissory note dated November 15, 2015, interest at 8% per annum, interest and principal due May 15, 2016 2,000 2,000 Promissory note dated April 15, 2016, interest at 8% per annum, interest and principal due May 15, 2016 3,000 — Promissory note dated May 21, 2016, interest at 8% per annum, interest and principal due May 15, 2016 2,000 — Promissory note dated July 1, 2016, interest at 8% per annum, interest and principal due May 15, 2016 148,864 — Total $ 171,864 $ 18,000

NOTE 6. NOTES PAYABLE

NOTE 6. NOTES PAYABLE	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
NOTE 6. NOTES PAYABLE	NOTE 6. NOTES PAYABLE The notes payable to at December 31, 2016 consisted of the following: Convertible note payable dated July 22,2016, interest at 10% due on April 22, 2017 – net of discount of $67,854 (A) $ 98,146 Promissory note dated July 1, 2016, interest at 8% per annum, interest and principal due on demand (B) 50,000 Total $ 148,146 (A) On July 22, 1016, the Company issued a $166,000 Convertible Promissory Note to Auctus Fund, LLC (“Auctus”) for net loan proceeds of $150,000. The note bears interest at a rate of 10% per annum (24% per annum default rate), is due April 22, 2017, and is convertible at the option of Auctus into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the 25 Trading Day period prior to July 22, 2016 or (b) 55% of the lowest Trading Price during the 25 Trading Day period prior to the Conversion Date. (See Note 8 – Derivative Liability). (B) This note is payable to the Company’s law firm for legal services rendered.

NOTE 7. CONVERTIBLE LOAN PAYABL

NOTE 7. CONVERTIBLE LOAN PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2016
Brokers and Dealers [Abstract]
NOTE 7. CONVERTIBLE LOAN PAYABLE - RELATED PARTY	NOTE 7. CONVERTIBLE LOAN PAYABLE – RELATED PARTY On December 18, 2008, the Company entered into a Promissory Note agreement with the then CEO of the Company. The note is for a sum of $1,500, is non-interest bearing, and was due and payable on December 31, 2010. The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. At the time the note was issued, the Company did not have a fair value for the stock: therefore, no beneficial conversion feature was recorded. The Company and Joseph Caywood, the current note holder, have verbally agreed that the Company will pay the loan off as it is able to without penalty, and the current note holder will not convert the debt into shares of common stock. As of December 31, 2016 and December 31, 2015, the balance of the loan is $1,500.

NOTE 9. CAPITAL STOCK

NOTE 9. CAPITAL STOCK	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
NOTE 9. CAPITAL STOCK	NOTE 9. CAPITAL STOCK On February 17, 2015, pursuant to a Consulting Agreement with Joseph Caywood dated January 1, 2015, (term ended March 31, 2015), the Company issued a total of 2,050,000 shares of common stock to 18 individuals/entities for services rendered to the Company. The stock was valued at $2,050,000 and is included in consulting fees on the 2015 statement of operations. On July 1, 2016, pursuant to a Consulting Services Agreement with an individual consultant dated June 1, 2016 (term ending November 30, 2016), the Company issued 2,000,000 shares of common stock to such individual for certain marketing consulting services to be rendered to the Company. The stock was valued at $400,000 and was expensed as consulting fees in the three months ended June 30, 2016. On June 17, 2016, pursuant to a Consulting and Representation Agreement with an entity consultant dated June 14, 2016 (extended term ending June 14, 2017), the Company issued 1,000,000 shares of common stock to such entity for certain investor relations services to be rendered to the Company. The stock was valued at $200,000 and was expensed as consulting fees in the three months ended June 30, 2016. On October 18, 2016 the Company sold 1,333,333 restricted shares of common stock to an accredited investor at $0.03 per share for total proceeds of $40,000.

NOTE 10. INCOME TAXES

NOTE 10. INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
NOTE 10. INCOME TAXES	NOTE 10. INCOME TAXES The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10. FASB ASC 740-10 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. This standard requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. At December 31, 2016 the Company had net operating loss carryforwards of approximately $869,000 that may be offset against future taxable income through 2036. No tax benefits have been reported in the financial statements, because the potential tax benefits of the net operating loss carry forwards are offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a significant change in ownership occur, net operating loss carryforwards may be limited as to use in the future. Net deferred tax assets consist of the following components as of December 31, 2016 and 2015: 2016 2015 Deferred tax assets: NOL Carryover $ 295,574 $ 228,193 Valuation allowance (295,574 ) (228,193 ) Net deferred tax asset $ — $ — The income tax provision (benefit) differs from the amount of income tax determined by applying the U.S. federal tax rates of 34% to pretax income for the years ended December 31, 2016 and 2015 due to the following: 2016 2015 Expected tax at 34% $ (494,595 ) $ (715,666 ) Non-deductible stock-based compensation 204,000 697,000 Non-deductible amortization of debt discounts 33,370 — Non-deductible expense from derivative liability 189,844 — Change in valuation allowance 67,381 18,666 Provision for (benefit from) income taxes $ — $ — A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: Year ended December 31, 2016 2015 Beginning balance $ — $ — Additions based on tax positions related to current year — — Additions for tax positions of prior years — — Reductions for tax positions of prior years — — Reductions in benefit due to income tax expense — — Ending balance $ — $ — At December 31, 2016, the Company had no unrecognized tax benefits that, if recognized, would affect the effective tax rate. The Company did not have any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease within the next 12 months. The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operations in the provision for income taxes. As of December 31, 2016 and 2015, the Company had no accrued interest or penalties related to uncertain tax positions. The tax years that remain subject to examination by major taxing jurisdictions are those for the years ended December 31, 2016, 2015, 2014, 2013 and 2012.

NOTE 11. SUBSEQUENT EVENTS

NOTE 11. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
NOTE 11. SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS In February and March 2017, the Company issued a total of 33,684,454 shares of common stock to Auctus Fund, LLC in satisfaction of a total of $11,672 principal (of the $166,000 note payable) and a total of $2,938 accrued interest.

NOTE 8. DERIVATIVE LIABILITY

NOTE 8. DERIVATIVE LIABILITY	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 8. DERIVATIVE LIABILITY	NOTE 8. DERIVATIVE LIABILITY The derivative liability at December 31, 2016 consisted of the following: Face Value Derivative Liability Convertible note payable issued July 22, 2016, due April 22, 2017 $ 166,000 $ 724,364 Totals $ 166,000 $ 724,364 The above convertible note contains a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares of common stock issuable upon conversion of the note is indeterminate. Accordingly, we have recorded the $730,400 fair value of the embedded conversion feature as a derivative liability at the July 22, 2016 issuance date and charged $166,000 to debt discounts and the remaining $564,400 to expense from derivative liability. The $6,036 decrease in the fair value of the derivative liability from $730,400 at July 22, 2016 to $724,364 at December 31, 2016 was credited to expense from derivative liability. The fair value of the derivative liability is measured at the respective issuance date and quarterly thereafter using the Black Scholes option pricing model. Assumptions used for the calculation of the derivative liability of the note at December 31, 2016 include (1) stock price of $0.03 per share, (2) exercise price of $0.0066 per share, (3) term of 112 days, (4) expected volatility of 609% and (5) risk free interest rate of 0.62%.

NOTE 3. SUMMARY OF SIGNIFICAN19

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Accounting Methods	Accounting Methods The Company recognizes income and expenses based on the accrual method of accounting. The Company follows accounting principles generally accepted in the United States.
Income Tax	Income Tax The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on the 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.
Basic and Diluted Net Income (loss) Per Share	Basic and Diluted Net Income (loss) Per Share The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. For the years ended December 31, 2016 and 2015, the common shares underlying the following dilutive securities were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive: Common Shares Issuable Year Ended December 31, 2016 2015 Convertible loan payable – related party 1,500,000 1,500,000 Series B Preferred Stock 100,000,000 100,000,000 Total common shares issuable 101,500,000 101,500,000
Cash & Cash Equivalents	Cash & Cash Equivalents 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.
Revenue Recognition	Revenue Recognition Revenue is recognized upon completion of services or delivery of goods where the sales price is fixed or determinable and the collectability is reasonably assured. The Company has no revenue to date.
Advertising and Market Development	Advertising and Market Development The Company expenses advertising and market development costs. As of December 31, 2016, the company has not incurred any advertising and market development costs.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under FASB ASC 360-10-35-17 if events or circumstances indicate that their carrying amount might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using the rules of FASB ASC 930-360-35, Asset Impairment, and 360-10 through 15-5, Impairment or Disposal of Long-Lived Assets.
Environmental Requirements	Environmental Requirements At the report date, environmental requirements related to a formally held mineral claim are unknown and therefore any estimate of future costs cannot be made.
Mineral Property Acquisition Costs	Mineral Property Acquisition Costs Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with FASB Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Various factors could impact our ability to achieve forecasted production schedules. Additionally, commodity prices, capital expenditure requirements and reclamation costs could differ from the assumptions the Company may use in cash flow models from exploration stage mineral interests. This, however, involves further risks in addition to those factors applicable to mineral interests where proven and probable reserves have been identified, due to the lower level of confidence that the identified mineralized material can ultimately be mined economically.
Estimates and Assumptions	Estimates and Assumptions Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.
Stock-based compensation	Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 505 and 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. The Company accounts for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with FASB ASC 718-10 and the conclusions reached by the FASB ASC 505-50. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by FASB ASC 505-50.
Fair value of financial instruments	Fair value of financial instruments Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2016. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash and cash equivalents, accounts payable and accrued liabilities, advances from related party, notes payable to related parties, notes payable, and convertible loan payable – related party. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. Level 1: The preferred inputs to valuation efforts are "quoted prices in active markets for identical assets or liabilities," with the caveat that the reporting entity must have access to that market. Information at this level is based on direct observations of transactions involving the same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical assets, actually trade in active markets. Level 2: FASB acknowledged that active markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied in three situations. Level 3: If inputs from levels 1 and 2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes Level 3 inputs as "unobservable," and limits their use by saying they "shall be used to measure fair value to the extent that observable inputs are not available." This category allows "for situations in which there is little, if any, market activity for the asset or liability at the measurement date". Earlier in the standard, FASB explains that "observable inputs" are gathered from sources other than the reporting company and that they are expected to reflect assumptions made by market participants.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has evaluated recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statements.

NOTE 3. SUMMARY OF SIGNIFICAN20

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Dilutive Securities	Common Shares Issuable Year Ended December 31, 2016 2015 Convertible loan payable – related party 1,500,000 1,500,000 Series B Preferred Stock 100,000,000 100,000,000 Total common shares issuable 101,500,000 101,500,000

NOTE 5. NOTES PAYABLE TO RELA21

NOTE 5. NOTES PAYABLE TO RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Notes payable to related parties	Convertible note payable dated July 22,2016, interest at 10% due on April 22, 2017 – net of discount of $67,854 (A) $ 98,146 Promissory note dated July 1, 2016, interest at 8% per annum, interest and principal due on demand (B) 50,000 Total $ 148,146

NOTE 6. NOTES PAYABLE (Tables)

NOTE 6. NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Notes Payable	Convertible note payable dated July 22,2016, interest at 10% due on April 22, 2017 – net of discount of $67,854 (A) $ 98,146 Promissory note dated July 1, 2016, interest at 8% per annum, interest and principal due on demand (B) 50,000 Total $ 148,146

NOTE 10. INCOME TAXES (Tables)

NOTE 10. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Net deferred tax assets	2016 2015 Deferred tax assets: NOL Carryover $ 295,574 $ 228,193 Valuation allowance (295,574 ) (228,193 ) Net deferred tax asset $ — $ —
Income tax provision (benefit)	2016 2015 Expected tax at 34% $ (494,595 ) $ (715,666 ) Non-deductible stock-based compensation 204,000 697,000 Non-deductible amortization of debt discounts 33,370 — Non-deductible expense from derivative liability 189,844 — Change in valuation allowance 67,381 18,666 Provision for (benefit from) income taxes $ — $ —
Reconciliation of unrecognized tax benefits	Year ended December 31, 2016 2015 Beginning balance $ — $ — Additions based on tax positions related to current year — — Additions for tax positions of prior years — — Reductions for tax positions of prior years — — Reductions in benefit due to income tax expense — — Ending balance $ — $ —

NOTE 8. DERIVATIVE LIABILITY (T

NOTE 8. DERIVATIVE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Derivative Liability	Face Value Derivative Liability Convertible note payable issued July 22, 2016, due April 22, 2017 $ 166,000 $ 724,364 Totals $ 166,000 $ 724,364

NOTE 3. SUMMARY OF SIGNIFICAN25

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Dilutive securities (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Total common shares issuable	101,500,000	101,500,000
Convertible loan payable - related party
Common shares issuable	1,500,000	1,500,000
Series Preferred B Stock
Common shares issuable	100,000,000	100,000,000

5. NOTES PAYABLE TO RELATED PAR

5. NOTES PAYABLE TO RELATED PARTY - Notes payable to related party (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Notes payable	$ 1,500	$ 1,500
Promissory note dated May 20, 2015
Notes payable	8,000	8,000
Promissory note dated June 24, 2015
Notes payable	8,000	8,000
Promissory note dated November 15, 2015
Notes payable	2,000	$ 2,000
Promissory note dated April 15, 2016
Notes payable	3,000
Promissory note dated May 21, 2016
Notes payable	2,000
Promissory note dated July 1, 2016
Notes payable	$ 148,864

NOTE 6 - NOTES PAYABLE - Notes

NOTE 6 - NOTES PAYABLE - Notes payable (Details)	Dec. 31, 2016USD ($)
Convertible note payable dated July 22, 2016
Note payable	$ 98,146
Convertible note payable - net of discount	67,854
Promissory note payable dated July 1, 2016
Note payable	$ 50,000

NOTE 8. DERIVATIVE LIABILITY -

NOTE 8. DERIVATIVE LIABILITY - Derivative Liability (Details) - Convertible Note payable issued July 22, 2016	Dec. 31, 2016USD ($)
Face Value	$ 166,000
Derivative Liability	$ 724,364

NOTE 10. INCOME TAXES - Net def

NOTE 10. INCOME TAXES - Net deferred tax assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
NOL Carryover	$ 295,574	$ 228,193
Valuation allowance	(295,574)	(228,193)
Net deferred tax asset	$ 0	$ 0

10. INCOME TAXES - Provision fo

10. INCOME TAXES - Provision for income taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Expected tax at 34%	$ (494,595)	$ (715,666)
Non-deductible stock-based compensation	204,000	697,000
Non-deductible other expense relating to issuance of Series A Preferred Stock	33,370	0
Non-deductible loss (non-taxable gain) on change in fair value of derivative liability	189,844	0
Change in valuation allowance	67,381	18,666
Provision for (benefit from) income taxes	$ 0	$ 0

NOTE 10. INCOME TAXES - Unrecog

NOTE 10. INCOME TAXES - Unrecognized tax benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Beginning balance	$ 0	$ 0
Additions based on tax positions related to current year	0	0
Additions for tax positions of prior years	0	0
Reductions for tax positions of prior years	0	0
Reductions in benefit due to income tax expense	0	0
Ending balance	$ 0	$ 0

NOTE 1. ORGANIZATION (Details N

NOTE 1. ORGANIZATION (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Feb. 05, 2014	Jan. 03, 2013	Dec. 19, 2008
Common stock, authorized		500,000,000	500,000,000
Common stock, par value		$ 0.001	$ 0.001
Preferred stock, authorized		40,000,000	40,000,000
Common stock, issued		171,789,142	167,455,809
Agreement to acquire all assets of Scorpex, Inc.
Common stock, issued				105,000,000
Preferred stock, issued				10,000,000
Incorporation of JPX Global, Inc.
Common stock, authorized					500,000,000	75,000,000
Common stock, par value						$ 0.001
Preferred stock, authorized					40,000,000
Preferred stock. votes per share	Preferred Stock which was approved by written consent of the holder representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held, but no conversion, dividend, and liquidation rights.
Series A Preferred Stock
Preferred stock. votes per share	Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held but no conversion, dividend, and liquidation rights.
Agreement to acquire all assets of Scorpex, Inc.
Preferred stock. votes per share	Each share of Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote.
Value of acquired assets	$ 0

NOTE 2. GOING CONCERN (Details

NOTE 2. GOING CONCERN (Details Narrative)	Dec. 31, 2016USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated losses	$ 34,758,025

NOTE 4. ADVANCES FROM RELATED34

NOTE 4. ADVANCES FROM RELATED PARTY (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Advances from related parties	$ (14,594)	$ (243,864)

NOTE 6. NOTES PAYABLE (Details

NOTE 6. NOTES PAYABLE (Details Narrative) - USD ($)	Dec. 31, 2016	Jul. 22, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes payable to related party	$ 171,864	$ 166,000	$ 18,000

NOTE 7. CONVERTIBLE LOAN PAYA36

NOTE 7. CONVERTIBLE LOAN PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2008	Dec. 31, 2016	Dec. 31, 2015	Dec. 18, 2008
Convertible notes payable - related party		$ 1,500	$ 1,500
Promissory Note (1)
Convertible notes payable - related party				$ 1,500
Terms of convertible note	The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. At the time the note was issued, the Company did not have a fair value for the stock: therefore, no beneficial conversion feature was recorded. The Company and Joseph Caywood, the current note holder, have verbally agreed that the Company will pay the loan off as it is able to without penalty, and the current note holder will not convert the debt into shares of common stock. As of December 31, 2016 and December 31, 2015, the balance of the loan is $1,500.

NOTE 8. DERIVATIVE LIABILITY (D

NOTE 8. DERIVATIVE LIABILITY (Details Narrative)	12 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Convertible note terms	The above convertible note contains a variable conversion feature based on the future trading price of the Company common stock. Therefore, the number of shares of common stock issuable upon conversion of the note is indeterminate. Accordingly, we have recorded the $730,400 fair value of the embedded conversion feature as a derivative liability at the July 22, 2016 issuance date and charged $166,000 to debt discounts and the remaining $564,400 to expense from derivative liability. The $6,036 decrease in the fair value of the derivative liability from $730,400 at July 22, 2016 to $724,364 at December 31, 2016 was credited to expense from derivative liability. The fair value of the derivative liability is measured at the respective issuance date and quarterly thereafter using the Black Scholes option pricing model. Assumptions used for the calculation of the derivative liability of the note at December 31, 2016 include (1) stock price of $0.03 per share, (2) exercise price of $0.0066 per share, (3) term of 112 days, (4) expected volatility of 609% and (5) risk free interest rate of 0.62%.

NOTE 9 - CAPITAL STOCK (Details

NOTE 9 - CAPITAL STOCK (Details Narrative) - USD ($)	Dec. 31, 2016	Oct. 18, 2016	Jun. 17, 2016	Dec. 31, 2015	Feb. 17, 2015
Common stock, issued	171,789,142			167,455,809
Common stock, value	$ 171,789			$ 167,456
Consulting Agreement with Joseph Caywood
Common stock, issued					2,050,000
Common stock, value					$ 2,050,000
Consulting Services Agreement with an individual consultant on July 1, 2016
Common stock, issued	2,000,000
Common stock, value	$ 400,000
Consulting and Representative Agreement with an entity consultant
Common stock, issued			1,000,000
Common stock, value			$ 200,000
Common stock sold to an accredited investor
Common stock, issued		1,333,333
Common stock, value		$ 40,000

NOTE 10. INCOME TAXES (Details

NOTE 10. INCOME TAXES (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Net operating loss carryforwards	$ 295,574	$ 228,193
Offset against future taxable income
Net operating loss carryforwards	$ 869,000

NOTE 11. SUBSEQUENT EVENTS (Det

NOTE 11. SUBSEQUENT EVENTS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Subsequent Events [Abstract]
Common stock, issued	171,789,142
Common stock, value		$ 171,789	$ 167,456