Silverton Energy (SLTN) 10-K 13 Jan 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Sep. 30, 2014	Jan. 09, 2015	Mar. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	SILVERTON ENERGY, INC.
Document Type	10-K
Current Fiscal Year End Date	-21
Entity Common Stock, Shares Outstanding		52,424,875
Entity Public Float			$2,096,995
Amendment Flag	FALSE
Entity Central Index Key	1508786
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	30-Sep-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Silverton_Energy_Inc_Balance_S

Silverton Energy Inc. - Balance Sheets (USD $)	Sep. 30, 2014	Sep. 30, 2013
CURRENT ASSETS
Cash	$11,890	$844
Other current assets	1,359
Loan receivable	23,581	0
TOTAL ASSETS	36,830	844
CURRENT LIABILITIES
Accounts payable and accrued liabilities	84,106	26,864
Loan payable	210,000	0
Interest payable	4,317	0
Loans from related party	18,654	18,454
TOTAL CURRENT LIABILITIES	317,077	45,318
Authorized
500,000,000 shares of common stock, $0.001 par value, (in Shares)	250,000,000
Issued and outstanding
52,424,875 shares as of September 30, 2014 and at September 30, 2013	52,425	52,425
Additional Paid in Capital	-36,035	-36,035
Deficit accumulated during the development stage	-296,637	-60,864
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	-280,247	-44,474
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$36,830	$844

Silverton_Energy_Inc_Balance_S1

Silverton Energy Inc. - Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Par Value	$0.00	$0.00
Shares Issued and Outstanding	52,424,875	52,424,875

Silverton_Energy_Inc_Statement

Silverton Energy Inc. - Statement of Operations (USD $)	12 Months Ended		48 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
EXPENSES
Office and general	$47,239	$6,289	$59,753
Interest expense, net	4,000		4,000
Professional Fees	184,534	17,250	232,884
Total Expenses	235,773	23,539	296,637
NET LOSS	($235,773)	($23,539)	($296,637)
(in Shares)	52,424,875	446,055,057

Silverton_Energy_Inc_Statement1

Silverton Energy Inc. - Statement of Stockholders' Equity (Deficit) (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit during Development Stage [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance, at Sep. 21, 2009
Net Loss,			($6,768)	($6,768)
Balance, at Sep. 30, 2010			-6,768	-6,768
Shares Issued,	852,500	-841,500		11,000
Shares Issued, (in Shares)	852,500,000				852,500,000
Balance, at Oct. 02, 2010
Net Loss,			-13,995	-13,995
Balance, at Sep. 30, 2011	852,500	-841,500	-20,763	-9,763
Balance, (in Shares) at Sep. 30, 2011	852,500,000
Net Loss,			-16,562	-16,562
Balance, at Sep. 30, 2012			-37,325	-20,925
Balance, at Aug. 31, 2012
Redemption of common shares	-821,000	820,990		-10
Redemption of common shares (in Shares)	-821,000,125
Balance, at Sep. 30, 2012	873,425	-857,025	-37,325	-20,925
Balance, (in Shares) at Sep. 30, 2012	873,425,000
Net Loss,			-23,539	-23,539	-23,539
Balance, at Sep. 30, 2013	52,425	-36,035	-60,864	-44,474	-44,474
Balance, (in Shares) at Sep. 30, 2013	52,424,875
Net Loss,			-235,773	-235,773	-235,773
Balance, at Sep. 30, 2014	$52,425	($36,035)	($296,637)	($280,247)	($280,247)
Balance, (in Shares) at Sep. 30, 2014	52,424,875

Silverton_Energy_Inc_Statement2

Silverton Energy Inc. - Statement of Cash Flows (USD $)	12 Months Ended		48 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
OPERATING ACTIVITIES
Net loss	($235,773)	($23,539)	($296,637)
Decrease (increase) in interest payable	4,317		4,317
Increase (decrease) in Other current assets	-1,358	1,874	-1,358
Increase (decrease) in accounts payable and accrued expenses	57,241	4,836	84,105
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
$	-175,573	-16,829	-209,573
INVESTING ACTIVITIES
Increased in loan receivable	-23,581		-23,581
NET CASH USED BY INVESTING ACTIVITIES	-23,581		-23,581
FINANCING ACTIVITIES
Proceeds from sale of common stock			16,390
Proceeds from loan payable	210,000		210,000
Loan from related party	200	12,559	18,654
NET CASH PROVIDED BY FINANCING ACTIVITIES
$	210,200	12,559	245,044
NET INCREASE (DECREASE) IN CASH	11,046	-4,270	11,890
CASH, BEGINNING OF PERIOD	844	5,114
CASH, END OF PERIOD	$11,890	$844	$11,890

NOTE_1_CONDENSED_FINANCIAL_STA

NOTE 1 - CONDENSED FINANCIAL STATEMENTS	12 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 –NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	The Company was incorporated in the State of Nevada as a for-profit Company on September 21, 2010 and established as fiscal year end of September 30. We are a shell company with no current business plan.
	In March 2013 the Company approved a name change to Meta Gold, Inc. In October 2014, the Company approved a name change to Silverton Energy, Inc..

NOTE_2_GOING_CONCERN

NOTE 2 - GOING CONCERN	12 Months Ended
	Sep. 30, 2014
Going Concern Note [Abstract]
Going Concern Note	NOTE 2 – GOING CONCERN
	The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $280,247 and net loss from operations since inception of $296,637. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company.  There can be no assurance that the Company will be successful in either situation in order to continue as a going concern.  The Company is funding its initial operations by way of issuing Founder’s shares.
	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 from management and significant shareholders sufficient to meet its minimal operating expenses and 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 its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE_3_SUMMARY_OF_SIGNIFICANT_

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Use of Estimates and Assumptions
	Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could  differ from those estimates
	Income Taxes
	The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequence attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measure using the enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of substantive enactment.
	Net Loss per Share
	Basic loss per share includes no dilution and is computed by dividing loss available to common stakeholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.
	Recent Accounting Pronouncements
	Pronouncements between September 30, 2014 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expects the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

NOTE_4_FAIR_VALUE_OF_FINANCIAL

NOTE 4 - FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short term maturity of the instruments.

NOTE_5_LOAN_RECEIVABLE_RELATED

NOTE 5 - LOAN RECEIVABLE - RELATED PARTY LOANS	12 Months Ended
	Sep. 30, 2014
Loans and Leases Receivable Disclosure [Abstract]
Loans and Leases Receivable, Description	NOTE 5 - LOAN RECEIVABLE - RELATED PARTY LOANS
	The Company loaned $23,581 to a related party.  $10,000 is due on December 1, 2014. The interest is 5% per annum. The company accrued interest of $317 as of September 30, 2014. $13,581 is on demand and without interest.

NOTE_6_LOAN_PAYABLE_RELATED_PA

NOTE 6 - LOAN PAYABLE - RELATED PARTY LOANS	12 Months Ended
	Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 - LOAN PAYABLE - RELATED PARTY LOANS
	The Company has received $18,654 as a loan from related parties as of September 30, 2014 ($18,454 as of September 30, 2014, June 30, 2014, March 31, 2014, December 31, 2013 and September 30, 2013).  The loan is on demand and without interest.

NOTE_7_RELATED_PARTY_TRANSACTI

NOTE 7 - RELATED PARTY TRANSACTION	12 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 7 – RELATED PARTY TRANSACTION
	The Company entered into a consulting agreement with Dr Thomas Sawyer, president and director of the Company, on December1, 2013 for the amount of $15,000 per month, with the total consulting fee amount being $150,000 for year ended September 30, 2014 and $68,191 of them were outstanding as of September 30 2014. The Company has also accrued outstanding expenses of $18,293 in relation to office rent and expenses, travel, accommodation and related expenses which remains outstanding.

NOTE_8_LOAN_PAYABLE

NOTE 8 - LOAN PAYABLE	12 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 8 – LOAN PAYABLE
	The Company entered loan agreement with Future Gen Holding Ltd. on January 9, 2014. The company may draw by $70,000 from time to time. The Expiration date is January 8, 2015. On January 31, 2014, the Company increased loan amount by $90,000. The Company borrowed an additional $40,000 on April 15, 2014. The Company borrowed an additional $80,000 during the last quarter of the year. The interest is 5% per annum on the loan. The Company accrued interest of $4,317 as of September 30, 2014.

NOTE_9_CAPITAL_STOCK

NOTE 9 - CAPITAL STOCK	12 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 – CAPITAL STOCK
	On October 1, 2010 the Company issued 852,500,000 Founder’s shares at $0.000012 per share for net funds to the Company of $11,000.
	During March and April, 2012, the Company issued 20,925,000 common shares for $0.000258 per share, for cash of $5,400
	In March 2013 the Company increased its Authorized common shares to 250,000,000 shares at $0.001 per share.
	In March 2013, the Company declared a 155:1 forward split and on the same day redeemed 821,000,125 common shares for $10.
	As at September 30, 2014 the Company has issued 52,424,875 common shares.
	In October 2014, the company increased authorized share capital from 250,000,000 shares of common stock to 500,000,000 shares of common stock. In October4 2014, the majority shareholder and the Board of Director approved a reverse stock split two to one.

NOTE_10_INCOME_TAXES

NOTE 10 - INCOME TAXES	12 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 10 – INCOME TAXES
	We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting  for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.
	The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of September 30, 2014 and 2013 are as follows:
		30-Sep-14			30-Sep-13
	Net operating loss carry forward		296,637			60,864
	Effective tax rate		35	%		35	%
	Deferred tax assets		103,823			21,302
	Less: Valuation allowance		(103,823	)		(21,302	)
	Net deferred tax asset		0			0
	The net federal operating loss carry forward will expire between 2031 and 2034. This carry forward may be limited upon the consummation of a business combination under IRC Section 381.

NOTE_11_SUBSEQUENT_EVENTS

NOTE 11 - SUBSEQUENT EVENTS	12 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 11 - SUBSEQUENT EVENTS
	The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there is one event to disclose.
	In October 2014, the company increased authorized share capital from 250,000,000 shares of common stock to 500,000,000 shares of common stock. In October4 2014, the majority shareholder and the Board of Director approved a reverse stock split two to one.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates and Assumptions
	Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could  differ from those estimates
Income Tax, Policy [Policy Text Block]	Income Taxes
	The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequence attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measure using the enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of substantive enactment
Earnings Per Share, Policy [Policy Text Block]	Net Loss per Share
	Basic loss per share includes no dilution and is computed by dividing loss available to common stakeholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Recent Accounting Pronouncements
	Pronouncements between September 30, 2014 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expects the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows

NOTE_10_INCOME_TAXES_Tables

NOTE 10 - INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]		30-Sep-14			30-Sep-13
	Net operating loss carry forward		296,637			60,864
	Effective tax rate		35	%		35	%
	Deferred tax assets		103,823			21,302
	Less: Valuation allowance		(103,823	)		(21,302	)
	Net deferred tax asset		0			0

NOTE_2_GOING_CONCERN_Details

NOTE 2 - GOING CONCERN (Details) (USD $)	12 Months Ended
	Sep. 30, 2014
Going Concern Note [Abstract]
undefined	$280,247
Retained Earnings (Accumulated Deficit)	$296,637

NOTE_5_LOAN_RECEIVABLE_RELATED1

NOTE 5 - LOAN RECEIVABLE - RELATED PARTY LOANS (Details) (USD $)	12 Months Ended
	Sep. 30, 2014	Dec. 01, 2014	Aug. 15, 2014
Loans and Leases Receivable Disclosure [Abstract]
Notes Receivable, Related Parties	$23,581	$10,000	$13,581
Debt Instrument, Interest Rate During Period	5.00%
Interest Receivable	$317

NOTE_6_LOAN_PAYABLE_RELATED_PA1

NOTE 6 - LOAN PAYABLE - RELATED PARTY LOANS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Disclosure Text Block Supplement [Abstract]
Due from Related Parties	$18,654	$18,454

NOTE_7_RELATED_PARTY_TRANSACTI1

NOTE 7 - RELATED PARTY TRANSACTION (Details) (USD $)	1 Months Ended	10 Months Ended	12 Months Ended		48 Months Ended
	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Related Party Transactions [Abstract]
Related Party Transaction, Amounts of Transaction	$15,000
Professional Fees		150,000	184,534	17,250	232,884
Due to Related Parties		68,191	68,191		68,191
Related Party Transaction, Expenses from Transactions with Related Party			$18,293

NOTE_8_LOAN_PAYABLE_Details

NOTE 8 - LOAN PAYABLE (Details) (USD $)	0 Months Ended		3 Months Ended	12 Months Ended
	Apr. 15, 2014	Jan. 31, 2014	Sep. 30, 2014	Sep. 30, 2014	Jan. 09, 2014
Debt Disclosure [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity					$70,000
Increase (Decrease) in Other Loans	40,000	90,000	80,000
Debt Instrument, Interest Rate, Stated Percentage			5.00%	5.00%
Interest Expense, Borrowings				$4,317

NOTE_9_CAPITAL_STOCK_Details

NOTE 9 - CAPITAL STOCK (Details) (USD $)	0 Months Ended	1 Months Ended	2 Months Ended
	Oct. 02, 2010	Mar. 31, 2013	Apr. 30, 2012	Oct. 31, 2014	Sep. 30, 2014	Sep. 30, 2013
Stockholders' Equity Note [Abstract]
Stock Issued During Period, Shares, New Issues	852,500,000		20,925,000
Shares Issued, Price Per Share (in Dollars per share)	$0.00		$0.00
Development Stage Entities, Stock Issued, Value, Issued for Cash (in Dollars)	$11,000
Stock Issued During Period, Value, New Issues (in Dollars)			5,400
Common Stock, Shares Authorized		250,000,000		500,000,000	250,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)		$0.00			$0.00	$0.00
Stockholders' Equity Note, Stock Split, Conversion Ratio		155
Stock Redeemed or Called During Period, Shares		821,000,125
Stock Redeemed or Called During Period, Value (in Dollars)		$10
Common Stock, Shares, Issued					52,424,875

NOTE_10_INCOME_TAXES_Details_T

NOTE 10 - INCOME TAXES (Details) - The components of the Companybs deferred tax asset and reconciliation of income taxes computed at th (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
The components of the Companybs deferred tax asset and reconciliation of income taxes computed at th [Abstract]
Net operating loss carry forward	$296,637	$60,864
Effective tax rate	35.00%	35.00%
Deferred tax assets	103,823	21,302
Less: Valuation allowance	-103,823	-21,302
Net deferred tax asset	$0	$0

NOTE_11_SUBSEQUENT_EVENTS_Deta

NOTE 11 - SUBSEQUENT EVENTS (Details)	Oct. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2013
Subsequent Events [Abstract]
Common Stock, Shares Authorized	500,000,000	250,000,000		250,000,000

Uncategorized_Items

Uncategorized Items
[us-gaap_StockIssuedDuringPeriodSharesNewIssues]	12,981,250	7,943,750
[us-gaap_StockIssuedDuringPeriodValueNewIssues]			3,350	-9,670	13,020	2,050	-5,855	7,905